HEXAGON -B (HXGB) fair value: what the stock is really worth
As of Jul 17, 2026: fair value of HEXAGON -B €2.19, price €7.16, upside -69.4%, quality 65 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 29, 2026.
How to read this chart
60‑month range €6.60 – €14.03 · fair‑value band €1.54 – €2.73 · the €7.16 price screens above the €2.19 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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HEXAGON -B- (HXGB) currently trades at €7.16, while our model-based Fair Value estimate is €2.19, 69.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €2.17 per share, and 0 of the 23 models we run sit above the €7.16 price.
Bear case: the Asset-Based group reads lowest at €1.37, and 23 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: €1.54 (bear) to €2.73 (bull), the price of €7.16 sits above 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 65/100 (solid quality), in the Other sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
HEXAGON -B- reported revenue of €5.4B in FY2025 versus €4.3B in FY2021, a compound +5.7%/yr. Reported net income was €617M in FY2025, compounding −6.3%/yr from FY2021.
Key figures
Market cap €35.8B · Dividend yield 1.7% · Net margin 11.4% · Return on assets (EBIT) 7.7% · Free cash flow €852M · Net debt €3.3B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Other peers we cover trades at −10% fair-value upside, at −69%, HXGB screens richer than that median.
Fair Value models
Bear €1.54Fair Value €2.19Bull €2.73
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.75/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.4%
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.
+1.7%
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.
+7.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
+6.2%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+1.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.1%
Dividend (yield on the price)1.7%
Profit margin 2020 to 2025 ⓘ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.26% → 19%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +10.3% a year for the price.
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.Other · 112 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−69.4% · Bottom 25%
Profitability
Return on assets0.0% · Above median
Net margin (TTM)11.4% · Top 25%
Operating margin (TTM)0.0% · Above median
Growth and dividend
Revenue growth0.0% · Top 25%
Dividend yield (TTM)1.7% · Above median
Balance sheet
Debt / equity0.22× · Above median
Valuation Multiplesvs Other median · lower = cheaper
P/B3.94× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/FCF47.3× · Priciest 25%
EV/EBITDA23.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)0· sector 0
PAST (return on equity)0· sector 0
HEALTH (low debt)89· sector 98
DIVIDEND (yield)33· sector 25
VALUE 0: the price sits above our fair-value range.
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). "HEXAGON -B- Fair Value". https://www.fairvalue-calculator.com/stock/HXGB
Frequently asked questions
Is HEXAGON -B (HXGB) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of €2.19 versus the last price from Jul 17, 2026 of €7.16, about −69% upside (overvalued).
What is the fair value of HXGB?
Our model-based fair value for HEXAGON -B- is €2.19 (as of Sep 29, 2026), built from audited fundamentals. Last price (from Jul 17, 2026): €7.16.
What is the quality score of HXGB?
HEXAGON -B- has a Quality Score of 65/100. 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 HEXAGON -B (HXGB)?
Our model-based price target is the fair value of €2.19 (as of Sep 29, 2026) from 23 valuation models. Cautious scenario €1.54, optimistic scenario €2.73. It is a calculation from audited fundamentals, not an analyst target.
What is the HEXAGON -B- stock forecast for 2026?
Our models put fair value at €2.19, about −69% upside versus the last price from Jul 17, 2026 of €7.16 (overvalued). Cautious scenario €1.54, optimistic scenario €2.73. The calculation is refreshed regularly with new filings.
Does HEXAGON -B- pay a dividend?
HEXAGON -B- currently shows a dividend yield of about 1.66% relative to its recent price (as of Sep 29, 2026).
What growth is priced into HEXAGON -B (HXGB)?
For today's price to be fair in a discounted-cash-flow model, HEXAGON -B- would have to grow free cash flow by +12.7 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of HXGB use?
Our models discount HEXAGON -B- at 9.0 %: a base by market capitalisation (large), country premium for Germany. 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 HEXAGON -B- that is +12.7 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has HEXAGON -B (HXGB) delivered so far?
Over the past 5 years revenue at HEXAGON -B- grew +7.6 % a year. The price currently implies +12.7 % 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 HEXAGON -B (HXGB) growing?
The median revenue growth in the sector is +8.0 % a year. That is the yardstick for the growth priced into HEXAGON -B- (+12.7 % 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 HEXAGON -B (HXGB)?
The free-cash-flow yield on the price is 4.43 %: that much free cash flow HEXAGON -B- produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of HEXAGON -B (HXGB)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HEXAGON -B- it is €2.19 per share (as of Sep 29, 2026), against a price of €7.16. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is HEXAGON -B- stock overvalued or undervalued in 2026?
As of Sep 29, 2026, HXGB trades above its calculated fair value: price €7.16, fair value €2.19, a gap of about −69% (overvalued). 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 HXGB?
No. The price is what the market pays today (€7.16); the fair value is what the company's own numbers justify (€2.19). For HEXAGON -B- the two are €4.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is HEXAGON -B- worth?
The market values HEXAGON -B- at about €35.8B (market capitalisation, as of Sep 29, 2026). Per share that is €7.16; our models calculate a fair value of €2.19 per share.
What do the bullish and bearish scenarios say about HXGB?
Our models span a range for HEXAGON -B-: cautious scenario €1.54, base €2.19, optimistic €2.73 per share (as of Sep 29, 2026, price €7.16). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of HEXAGON -B (HXGB)?
Balance-sheet figures for HEXAGON -B- (as of Sep 29, 2026): debt of 0.22 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is HXGB from its 52-week high?
HEXAGON -B- trades at €7.16, about 34% below its 52-week high of €10.77 and 8% above the low of €6.60 (as of Jul 17, 2026). Distance from the high says nothing about value: that is what the fair value of €2.19 is for.
Which stocks are comparable to HEXAGON -B-?
From the same area (Other) we also value 542772, 590024, Indiabulls Real Estate Limited, 542851, 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 HEXAGON -B- stock attractive at the current price?
The data as of Sep 29, 2026: price €7.16, calculated fair value €2.19 (−69%), Quality Score 65/100, from 23 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 HXGB calculated?
We run HEXAGON -B- through 23 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 €2.19, 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 14.5 % above its aggregate fair value. HEXAGON -B- 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 HEXAGON -B (HXGB)?
The latest price we hold is from Jul 17, 2026 and stands at €7.16. Our model-based fair value is €2.19, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HEXAGON -B- right now?
The price sits above even our optimistic bull case (€2.73). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of HEXAGON -B-
How large is the market capitalisation of HEXAGON -B (HXGB)?
The market capitalisation of HEXAGON -B- is €35.8B. 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 dividend yield of HEXAGON -B (HXGB)?
The dividend yield of HEXAGON -B- is 1.7%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of HEXAGON -B (HXGB)?
The net margin of HEXAGON -B- is 11.4% (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 EBIT return on assets of HEXAGON -B (HXGB)?
On an EBIT basis the return on assets of HEXAGON -B- is 7.7% (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.
How much net debt does HEXAGON -B (HXGB) carry?
The net debt of HEXAGON -B- is €3.3B (fiscal year 2025, ≈ 3.9 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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