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Hexatronic Group (HTRO) Fair Value & Analysis

Technology · SE · Market cap 7.6B SEK

HG Hexatronic Group HTRO · ST
Pricekr 40.39
Fair Valuekr 52.29
Upside+29.5%
Quality47/100
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Mixed Growth
Loss-making · -0.1% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 29/100
Evidence: Medium Range kr 35.08 – kr 69.48 Share as image

Fair value as of: Jul 12, 2026

From 11 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from kr 69.85 to kr 52.29 (−25.1%) since Jun 24, 2026. Share price +21.1% over the past month.

Below-average quality, screening 29% undervalued on our models.

What matters now

  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (kr 35.08 to kr 69.48) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 164.04 kr 16.70 Fair Value kr 52.29 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range kr 16.70 – kr 164.04 · fair‑value band kr 35.08 – kr 69.48 · the kr 40.39 price screens below the kr 52.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

Full chart & analysis →

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Analysis

Hexatronic Group (HTRO) currently trades at kr 40.39, while our model-based Fair Value estimate is kr 52.29, implying the stock looks roughly 29.5% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Hexatronic Group generated revenue of 7.3B SEK at a net margin of -0.1%. Revenue declined 9.7% year over year. It earns a return on equity of -0.3%. Net debt stands at 2.0B SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 35.08 (bear case) to kr 69.48 (bull case); at kr 40.39, 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 17% below its 52-week high and 146% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at 29%, HTRO 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF kr 25.99 kr 55.67 kr 103.48 80
Rev-Margin DCF kr 6.54 kr 12.25 kr 24.57 74
EV/EBITDA kr 21.80 kr 31.36 kr 40.91 54
All 11 models by family
DCF Models
FCF DCF kr 28.12 kr 46.99 kr 105.85 38
Owner Earnings kr 24.32 kr 62.24 kr 138.93 31
5Y Revenue Exit kr 5.54 kr 9.77 kr 18.23 39
5Y EBITDA Exit kr 24.30 kr 47.70 kr 93.55 41
10Y Revenue Exit kr 12.40 kr 24.27 kr 28.35 36
10Y EBITDA Exit kr 25.92 kr 63.74 kr 128.92 37
Multiples
EV/EBIT kr 0.2400 53
EV/EBITDA kr 21.80 kr 31.36 kr 40.91 54
Asset-Based
NCAV (Graham) kr 7.76 kr 10.40 kr 15.52 50
Growth DCF
Growth DCF kr 25.99 kr 55.67 kr 103.48 80
Rev-Margin DCF kr 6.54 kr 12.25 kr 24.57 74

Widest divergence: DCF Models (kr 46.99) versus Asset-Based (kr 10.40). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 7.3B SEK
Revenue growth (YoY) -9.7%
Net margin -0.1%
Return on equity -0.3%
Free cash flow 487M SEK FY2025
Operating margin 7.2%
More key figures
EPS (TTM) kr -0.0900
EPS growth (YoY) +6.5%
Net debt 2.0B SEK FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 47 · Market factors (momentum, volatility) 65

Profitability 22
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 82
Price trend over the last 3–12 months (market factor)
52W Momentum 87
Distance to the 52-week high (market factor)
Net Issuance 78
Buybacks instead of dilution

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.

About the company

Hexatronic Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally.

Full company description

Hexatronic Group AB (publ), together with its subsidiaries, develops, manufactures, markets, and sells fiber communication solutions in Sweden, the United States, Germany, the United Kingdom, and internationally. The company offers cables; cable assemblies; accessories for cables and ducts; joint closures; cabinets and pedestals; enclosures and outlets; chambers and handholes; discreet MDU cabling system; distribution frames and rack systems; microducts and microduct assemblies; splitters and other passive devices; fiber optic accessories; installation and test; hexatronic inone powered fiber system; and 5G and wireless infrastructure solutions. It also provides Fibre To The Home (FTTH) and fibre access; transport and metro networks; power industry communications; and security infrastructure solutions. The company serves telecom operators, network owners and contractors, and installation companies. Hexatronic Group AB (publ) was incorporated in 1972 and is based in Gothenburg, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hexatronic Group reported revenue of kr 7.2B in FY2025 versus kr 3.5B in FY2021, a compound +20.0%/yr. Reported net income was −kr 14.0M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
7.2B SEK
Latest YoY
−4.4%
Avg. growth/yr (3Y)
+3.3%
Avg. growth/yr (5Y)
+28.3%
Avg. growth/yr (18Y)
+32.9%
Revenue +20.0%/yr
FY21 kr 3.5B
FY22 kr 6.6B
FY23 kr 8.2B
FY24 kr 7.6B
FY25 kr 7.2B
Net income
FY21 kr 253M
FY22 kr 795M
FY23 kr 848M
FY24 kr 346M
FY25 −kr 14.0M

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Cite: Fair Value Calculator (2026). "Hexatronic Group Fair Value". https://www.fairvalue-calculator.com/stock/HTRO

Peer Group

Communication Equipment · 290 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.

Quality Score 47 · Below median
Fair Value upside +30% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -0% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -10% · Below median
Debt / equity 0.64× · Higher than 75% of peers

Valuation Multiples vs Communication Equipment median · lower = cheaper

P/B 0.23× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 1.7× · Cheaper than median
EV/EBITDA 5.2× · Cheaper than 75% of peers

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.

VALUE 73 · sector 0
FUTURE 0 · sector 30
PAST 0 · sector 15
HEALTH 68 · sector 98
DIVIDEND 0 · sector 24

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Cisco Systems, Inc CSCO $119.25 $43.05 -64%
Zhongji Innolight Co 300308 ¥1,094 ¥171.09 -84%
Foxconn Industrial Internet Co 601138 ¥56.50 ¥28.65 -49%
Eoptolink Technology Inc 300502 ¥482.88 ¥155.05 -68%
Nokia Oyj NOK $11.25 $2.67 -76%
Motorola Solutions, Inc MSI $413.31 $190.43 -54%
Suzhou TFC Optical Communication Co 300394 ¥244.13 ¥32.04 -87%
Telefonaktiebolaget LM Ericsson (publ), ERIC $11.72 $15.96 +36%
Accton Technology Corporation 2345 2,090 TWD 846.28 TWD -60%
ZTE Corporation 000063 ¥40.00 ¥15.75 -61%

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Frequently asked questions

Is Hexatronic Group (HTRO) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 52.29 versus a price of kr 40.39, about +29% (undervalued).
What is the fair value of HTRO?
Our model-based fair value for Hexatronic Group is kr 52.29 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 40.39.
What is the quality score of HTRO?
Hexatronic Group has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hexatronic Group (HTRO)?
Hexatronic Group reported trailing-twelve-month revenue of about 7.3B SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of HTRO?
The net profit margin of Hexatronic Group is about -0.1%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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