Hexagon Purus As (HPUR) Fair Value & Analysis
Industrials · NO · Market cap 503M NOK (≈ $54.0M) · ISIN NO0010904923
Risks
Fair value as of: Jul 14, 2026
From 1 valuation models · updated 45 days ago
Fair value updated Jul 14, 2026, revised from kr 48.54 to kr 7.23 (−85.1%) since Jun 24, 2026. Share price −9.8% over the past month.
Below-average quality, and trading another 22% above our fair value.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Weak quality (17/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (kr 5.39 to kr 10.79) leaves room in how you read the outcome.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range kr 8.10 – kr 424.40 · fair‑value band kr 5.39 – kr 10.79 · the kr 8.84 price screens above the kr 7.23 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
Hexagon Purus As (HPUR) currently trades at kr 8.84, while our model-based Fair Value estimate is kr 7.23, implying the stock looks roughly 18.2% overvalued today. The Quality Score stands at 17/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Hexagon Purus As generated revenue of 1.3B NOK at a net margin of -97.7%. Revenue grew 76.2% year over year. Net debt stands at 1.5B NOK. Fundamentals as of Jul 14, 2026
Our scenario range runs from kr 5.39 (bear case) to kr 10.79 (bull case); at kr 8.84, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -39% fair-value upside, at -18%, HPUR screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 18 · Market factors (momentum, volatility) 9
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Hexagon Purus ASA provides hydrogen and battery energy storage solutions in Norway, Europe, North America, Asia, and internationally. It operates in two segments, Hydrogen Mobility and Infrastructure (HMI); and Battery Systems and Vehicle Integration (BVI).
Full company description
Hexagon Purus ASA provides hydrogen and battery energy storage solutions in Norway, Europe, North America, Asia, and internationally. It operates in two segments, Hydrogen Mobility and Infrastructure (HMI); and Battery Systems and Vehicle Integration (BVI). The company offers hydrogen high-pressure type 4 cylinders, stationary storage, refueling and distribution systems and high-pressure gas bundles, as well as hydrogen fuel storage systems, battery systems, and vehicle integration services for fuel cell electric and battery electric vehicles. It serves passenger vehicles, medium- and heavy-duty, light-duty, distribution systems, bus, stationary storage, maritime, rail, aerospace, aviation, off-highway vehicles, vehicle integration, and refueling system markets. Hexagon Purus ASA was incorporated in 2017 and is headquartered in Oslo, Norway.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Hexagon Purus As reported revenue of kr 1.1B in FY2025 versus kr 506M in FY2021, a compound +22.6%/yr. Reported net income was −kr 1.5B in FY2025.
HPUR screens 18% overvalued. Compare with W.W. Grainger, Inc →
Peer Group
Industrial Distribution · 110 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Industrial Distribution median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| W.W. Grainger, Inc GWW | $1,335 | $613.88 | -54% |
| Fastenal Company FAST | $51.14 | $20.64 | -60% |
| Ferguson Enterprises Inc FERG | $245.18 | $148.98 | -39% |
| WESCO International, Inc WCC | $347.60 | $213.01 | -39% |
| Watsco, Inc WSO | $313.05 | $251.37 | -20% |
| Toromont Industries Ltd TIH | C$203.49 | C$127.90 | -37% |
| Applied Industrial Technologies, Inc AIT | $342.44 | $191.65 | -44% |
| Finning International Inc FTT | C$93.86 | C$76.38 | -19% |
| Addtech AB ADDTB | kr 344.00 | kr 156.35 | -55% |
| Core & Main, Inc CNM | $45.45 | $49.47 | +9% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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