HEXA-B.ST · Intrinsic value
Is Hexagon AB (publ) (HEXA-B.ST) overvalued or undervalued?
Hexagon AB (publ) (HEXA-B.ST) trades at the delayed market price of SEK 105.05 a share. That price already implies revenue growth of 14.6% a year for 5 years. TickerWorth's fair value is SEK 47.61 a share (121% above fair value), as of Oct 19, 2026. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
Is HEXA-B.ST overvalued?
- Fair value
- SEK 47.61
- Market price
- SEK 105.05
- Downside to fair value
- 54.7%
- Verdict
- 121% above fair value
Reverse DCF: Today's price implies revenue growth of 14.6% a year for 5 years; our model assumes 4.0% a year on average over the same horizon.
What is HEXA-B.ST's TickerWorth Score?
Scores lower than almost every company we compare it with
Compared with Technology companies in Europe
Its strongest point: recent price trend has been strong. Its weakest: looks expensive on the numbers.
- Value · 22 of 100
Cheaper than 22% of Technology companies in Europe
- Price vs worth · 6 of 100
- Quality · 58 of 100
More profitable than 58% of Technology companies in Europe
- Financial health · 34 of 100
Financially stronger than 34% of Technology companies in Europe
- Growth · 9 of 100
Growing faster than 9% of Technology companies in Europe
- Momentum · 76 of 100
Outperformed 76% of Technology companies in Europe over the past year
Confidence: High confidence · Scored
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HEXA-B.ST DCF valuation: what the price assumes
At a recent price of 105.05, Hexagon AB (publ) (HEXA-B.ST) trades 121% above TickerWorth's blended fair value of 47.61 per share — a discounted-cash-flow model cross-checked against peer multiples and asset value — meaning the market currently prices HEXA-B.ST overvalued vs our estimate of what the business is intrinsically worth. Our fair value sits below the market, an implied -54.7% move to close the gap if the business performs in line with our assumptions. This is an educational model, not a price target or a recommendation — the value moves with the inputs, which you can test yourself using the WACC slider below.
Read the full reasoning
One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values HEXA-B.ST at about 65.09 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.
The valuation discounts Hexagon AB (publ)'s projected free cash flows at a weighted-average cost of capital (WACC) of 9.0%, with a long-run terminal growth rate of 2.5%. About 74% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 14.6% annual revenue growth for HEXA-B.ST. Our base case instead compounds to about 4.0% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, HEXA-B.ST's modeled DCF value ranges from about 47.92 to 103.37 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Hexagon AB (publ) would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of HEXA-B.ST's intrinsic value. Figures update as new filings and prices come in.
Every input behind HEXA-B.ST's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | 61,528,600,000 |
| Base EBIT marginComputed — reported operating margin exceeded the EBITDA margin (impossible); held to 21.2% so D&A stays positive | 21.2% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 4% → 4% → 4% → 4% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.3% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 0.86 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 2,574M |
| Market priceDelayed quote · as of 2026-10-19 17:02 UTC | 105.05 |
Change HEXA-B.ST's assumptions
The discount-rate dial and the editable model
ProChange growth, margin and WACC yourself — Pro (7-day free trial, card required).
What does Hexagon AB (publ) do?
What does it do?
Hexagon AB (publ) provides geospatial and industrial enterprise solutions worldwide. It operates in Manufacturing Intelligence, Geosystems, Autonomous Solutions and Octave segments. It operates in the Scientific & Technical Instruments industry (Technology sector), headquartered in Sweden. The company employs roughly 16,036 people.
How does it make money?
The business turns 5.5B in annual revenue into profit. Out of every $100 of sales, about $24 is left as operating profit (operating margin of 24.0%), after a 66% gross margin on the products/services it sells. After all costs, taxes and interest, 10.0% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.5× equity), comfortably covers its short-term bills (1.5× current ratio), and is currently profitable.
HEXA-B.ST insider trading
Insider filings are available for US-listed companies only.
Common questions
What is HEXA-B.ST's intrinsic value?
TickerWorth's blended fair value for Hexagon AB (publ) (HEXA-B.ST) is 47.61 per share, versus a market price of 105.05 (121% above fair value).
Is HEXA-B.ST overvalued or undervalued?
On our blended fair value HEXA-B.ST looks overvalued vs fair value at 105.05. This is an educational estimate, not advice.
What discount rate is used for HEXA-B.ST?
A WACC of 9.0% and a terminal growth rate of 2.5%.
Is Hexagon AB (publ) stock undervalued?
TickerWorth's fair value for Hexagon AB (publ) (HEXA-B.ST) is SEK 47.61 against a market price of SEK 105.05. Our read: 121% above fair value. This is a model estimate, not investment advice.
Hexagon AB (publ) (HEXA-B.ST) DCF valuation and fair value
Our fair value for Hexagon AB (publ) (HEXA-B.ST) is SEK 47.61, built on a 9.0% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Hexagon AB (publ) stock?
Today's price implies revenue growth of 14.6% a year for 5 years; our model assumes 4.0% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of SEK 105.05. A model estimate, not investment advice.
Hexagon AB (publ) (HEXA-B.ST) insider trading
We have no recent SEC Form 4 insider filings on file for Hexagon AB (publ) (HEXA-B.ST). Form 4 covers US-listed companies only.
Stocks below our fair value instead
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.