Hexatronic Group AB (HTRO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Hexatronic Group AB SEK 38.55, price SEK 41.80, upside -7.8%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range kr 16.70 – kr 164.04 · fair‑value band kr 22.93 – kr 73.64 · the kr 41.80 price screens above the kr 38.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Hexatronic Group AB (HTRO) currently trades at kr 41.80, while our model-based Fair Value estimate is kr 38.55, implying the stock looks roughly 8.4% fairly valued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 43.16 per share, and 5 of the 10 models we run sit above the kr 41.80 price.
Bear case: the Asset-Based group reads lowest at kr 10.40, and 5 of the 10 models stay below the price. Evidence for this calculation is medium.
Scenario range: kr 22.93 (bear) to kr 73.64 (bull), the price of kr 41.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 47/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hexatronic Group AB reported revenue of 7.2B SEK in FY2025 versus 3.5B SEK in FY2021, a compound +20.0%/yr. Reported net income was −14.0M SEK in FY2025.
Key figures
Market cap 8.6B SEK (≈ $869M) · P/S ratio 1.04 · EPS (TTM) kr −0.0900 · Net margin −0.2% · Return on equity −0.3% · Return on assets (EBIT) 8.6% · Operating margin 7.2% · Revenue (TTM) 7.3B SEK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 14% below its 52-week high and 150% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −46% fair-value upside, at −8%, HTRO screens cheaper than that median.
Fair Value models
Bear kr 22.93Fair Value kr 38.55Bull kr 73.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.3%
Start year 2020 (pandemic). Over 10 years: +27.7% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.9%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
8.5% (2020) → 1.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes less growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+15.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about +13.1% a year for the price and +6.8% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Communication Equipment · 311 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside−8% · Above median
Profitability
Return on assets1% · Below median
Net margin (TTM)0% · Below median
Operating margin (TTM)7% · Above median
Growth and dividend
Revenue growth−10% · Below median
Balance sheet
Debt / equity0.64× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hexatronic Group AB Fair Value". https://www.fairvalue-calculator.com/stock/HTRO
Frequently asked questions
Is Hexatronic Group AB (HTRO) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 38.55 versus a price of kr 41.80, about −8% upside (fairly valued).
What is the fair value of HTRO?
Our model-based fair value for Hexatronic Group AB is kr 38.55 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 41.80.
What is the quality score of HTRO?
Hexatronic Group AB 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 price target for Hexatronic Group AB (HTRO)?
Our model-based price target is the fair value of kr 38.55 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario kr 22.93, optimistic scenario kr 73.64. It is a calculation from audited fundamentals, not an analyst target.
What is the Hexatronic Group AB stock forecast for 2026?
Our models put fair value at kr 38.55, about −8% upside versus a price of kr 41.80 (fairly valued). Cautious scenario kr 22.93, optimistic scenario kr 73.64. The calculation is refreshed regularly with new filings.
What is the revenue of Hexatronic Group AB (HTRO)?
Hexatronic Group AB reported trailing-twelve-month revenue of about 7.3B SEK (latest available figure, as of Sep 24, 2026).
What growth is priced into Hexatronic Group AB (HTRO)?
For today's price to be fair in a discounted-cash-flow model, Hexatronic Group AB would have to grow free cash flow by +15.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +28.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of HTRO use?
Our models discount Hexatronic Group AB at 11.8 %: a base by market capitalisation (small), damped by beta 1.29, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hexatronic Group AB that is +15.4 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Hexatronic Group AB (HTRO) delivered so far?
Over the past 5 years revenue at Hexatronic Group AB grew +28.3 % a year. The price currently implies +15.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hexatronic Group AB (HTRO) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Hexatronic Group AB (+15.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hexatronic Group AB (HTRO)?
The free-cash-flow yield on the price is 5.67 %: that much free cash flow Hexatronic Group AB produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hexatronic Group AB (HTRO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hexatronic Group AB it is kr 38.55 per share (as of Sep 24, 2026), against a price of kr 41.80. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Hexatronic Group AB stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HTRO trades above its calculated fair value: price kr 41.80, fair value kr 38.55, a gap of about −8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HTRO?
No. The price is what the market pays today (kr 41.80); the fair value is what the company's own numbers justify (kr 38.55). For Hexatronic Group AB the two are kr 3.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hexatronic Group AB worth?
The market values Hexatronic Group AB at about 8.6B SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 41.80; our models calculate a fair value of kr 38.55 per share.
What do the bullish and bearish scenarios say about HTRO?
Our models span a range for Hexatronic Group AB: cautious scenario kr 22.93, base kr 38.55, optimistic kr 73.64 per share (as of Sep 24, 2026, price kr 41.80). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hexatronic Group AB (HTRO)?
Balance-sheet figures for Hexatronic Group AB (as of Sep 24, 2026): return on equity −0.3%, debt of 0.64 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is HTRO from its 52-week high?
Hexatronic Group AB trades at kr 41.80, about 14% below its 52-week high of kr 48.58 and 150% above the low of kr 16.70 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of kr 38.55 is for.
Which stocks are comparable to Hexatronic Group AB?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hexatronic Group AB stock attractive at the current price?
The data as of Sep 24, 2026: price kr 41.80, calculated fair value kr 38.55 (−8%), Quality Score 47/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HTRO calculated?
We run Hexatronic Group AB through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 38.55, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Hexatronic Group AB itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hexatronic Group AB (HTRO)?
The closing price on Sep 23, 2026 was kr 41.80. Our model-based fair value is kr 38.55, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hexatronic Group AB right now?
The model range is unusually wide (kr 22.93 to kr 73.64). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Hexatronic Group AB (HTRO) come from?
Earnings per share at Hexatronic Group AB grew +25.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +22.6 %, EBIT margin +3.1 %, tax rate −0.6 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hexatronic Group AB
How large is the market capitalisation of Hexatronic Group AB (HTRO)?
The market capitalisation of Hexatronic Group AB is 8.6B SEK (≈ $869M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hexatronic Group AB (HTRO)?
The price-to-sales ratio of Hexatronic Group AB is 1.04 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hexatronic Group AB (HTRO)?
Earnings per share at Hexatronic Group AB are kr −0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hexatronic Group AB (HTRO)?
The net margin of Hexatronic Group AB is −0.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hexatronic Group AB (HTRO)?
The return on equity (ROE) of Hexatronic Group AB is −0.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hexatronic Group AB (HTRO)?
On an EBIT basis the return on assets of Hexatronic Group AB is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hexatronic Group AB (HTRO)?
The operating margin of Hexatronic Group AB is 7.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hexatronic Group AB (HTRO)?
Revenue at Hexatronic Group AB is growing −9.7% versus a year earlier (3y avg +3.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hexatronic Group AB (HTRO)?
Earnings per share at Hexatronic Group AB are growing +6.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Hexatronic Group AB (HTRO) carry?
The net debt of Hexatronic Group AB is 2.0B SEK (fiscal year 2025, ≈ 4.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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