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Hexagon Composites ASA (HXGCF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Hexagon Composites ASA $0.27, price $1.35, upside -80.0%, quality 26 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Thin data
Sep 24, 2026
Thin data
Sep 24, 2026
Hexagon Composites ASA
HXGCF · USWeakest SetupStrongly overvalued and low quality.
!Fair value $0.2700 · Strongly overvalued (−80.0%)
!Quality 26/100
!Weak Growth (revenue 5y −0.8 %/yr)
!Loss-making · -19.2% net margin (TTM)
!Low debt · negative free cash flow
!Narrow moat 11/100
!Evidence only low, so the estimate is less certain
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
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 $0.6500 – $4.62 · fair‑value band $0.2000 – $0.4100 · the $1.35 price screens above the $0.2700 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Hexagon Composites ASA, together with its subsidiaries, provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide. The company operates in Hexagon Agility and Hexagon Digital Wave segments. It offers cylinder testing and monitoring technologies.
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Hexagon Composites ASA, together with its subsidiaries, provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide. The company operates in Hexagon Agility and Hexagon Digital Wave segments. It offers cylinder testing and monitoring technologies. The company was founded in 1985 and is headquartered in Ålesund, Norway.
Stock analysis
Hexagon Composites ASA (HXGCF) currently trades at $1.35, while our model-based Fair Value estimate is $0.2700, 80.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: $0.2000 (bear) to $0.4100 (bull), the price of $1.35 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 26/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hexagon Composites ASA reported revenue of 2.9B NOK in FY2025 versus 3.5B NOK in FY2021, a compound −4.5%/yr. Reported net income was −1.1B NOK in FY2025.
Key figures
Market cap $311M · P/S ratio 0.08 · EPS (TTM) $−0.5200 · Net margin −38.4% · Return on equity −19.9% · Return on assets (EBIT) 0.1% · Operating margin −0.9% · Revenue (TTM) 2.7B NOK.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 11% below its 52-week high and 108% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −16% fair-value upside, at −80%, HXGCF screens richer than that median.
Fair Value models
Bear $0.2000
Fair Value $0.2700
Bull $0.4100
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.
Highest evidence
EV/EBITDA
n/a
$0.0700
$0.1900
62
NCAV (Graham)
$0.5400
$0.7200
$1.08
54
All 2 models by family
Multiples
EV/EBITDA
n/a
$0.0700
$0.1900
62
Asset-Based
NCAV (Graham)
$0.5400
$0.7200
$1.08
54
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Set up alert →Quality Score breakdown
Overall quality
26/100
Of which business quality 27 · Market factors (momentum, volatility) 68
Profitability
17
Margins and returns on capital today
Quality Growth
12
Are margins and returns improving?
Cashflow
0
Earnings quality: real cash, not paper profit
Fin. Strength
41
Balance sheet, leverage, solvency risk
Investment
99
Disciplined investing over empire-building
Low Volatility
43
Calm price path (market factor)
Momentum
85
Price trend over the last 3–12 months (market factor)
52W Momentum
68
Distance to the 52-week high (market factor)
Net Issuance
17
Share count: buybacks or dilution?
Revenue & earnings trend
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.
3/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−39.5%
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.
−15.7%
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.
−0.8%
Start year 2020 (pandemic). Over 10 years: +7.4% a year
Revenue growth 21 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.
+11.2%
’14
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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.
−0.3% (2020) → −5.1% (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
HXGCF screens overvalued: fair value 80% below the price. Compare with Smurfit Westrock Plc, →
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Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
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
Similar stocks
10 more Packaging & Containers stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Smurfit Westrock Plc, SW | $46.41 | $29.85 | −36% |
| Packaging Corporation PKG | $234.52 | $130.10 | −45% |
| International Paper Company IP | $32.52 | $21.53 | −34% |
| Ball Corporation BALL | $56.83 | $47.81 | −16% |
| Avery Dennison Corporation AVY | $170.78 | $125.35 | −27% |
| Crown Holdings CCK | $108.06 | $121.85 | +13% |
| Stora Enso Oyj STEAV | €10.45 | €9.66 | −8% |
| SIG Group SIGN | CHF 13.37 | CHF 9.59 | −28% |
| ShenZhen YUTO Packaging Technology Co 002831 | ¥29.00 | ¥31.90 | +10% |
| Sonoco Products Company SON | $50.06 | $61.98 | +24% |
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Frequently asked questions
Is Hexagon Composites ASA (HXGCF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.2700 versus a price of $1.35, about −80% upside (overvalued).
What is the fair value of HXGCF?
Our model-based fair value for Hexagon Composites ASA is $0.2700 (as of Sep 24, 2026), built from audited fundamentals. The current price: $1.35.
What is the quality score of HXGCF?
Hexagon Composites ASA has a Quality Score of 26/100. 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 Composites ASA (HXGCF)?
Our model-based price target is the fair value of $0.2700 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario $0.2000, optimistic scenario $0.4100. It is a calculation from audited fundamentals, not an analyst target.
What is the Hexagon Composites ASA stock forecast for 2026?
Our models put fair value at $0.2700, about −80% upside versus a price of $1.35 (overvalued). Cautious scenario $0.2000, optimistic scenario $0.4100. The calculation is refreshed regularly with new filings.
What is the revenue of Hexagon Composites ASA (HXGCF)?
Hexagon Composites ASA reported trailing-twelve-month revenue of about 2.7B NOK (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Hexagon Composites ASA (HXGCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hexagon Composites ASA it is $0.2700 per share (as of Sep 24, 2026), against a price of $1.35. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Hexagon Composites ASA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, HXGCF trades above its calculated fair value: price $1.35, fair value $0.2700, a gap of about −80% (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 HXGCF?
No. The price is what the market pays today ($1.35); the fair value is what the company's own numbers justify ($0.2700). For Hexagon Composites ASA the two are $1.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Hexagon Composites ASA worth?
The market values Hexagon Composites ASA at about $311M (market capitalisation, as of Sep 24, 2026). Per share that is $1.35; our models calculate a fair value of $0.2700 per share.
What do the bullish and bearish scenarios say about HXGCF?
Our models span a range for Hexagon Composites ASA: cautious scenario $0.2000, base $0.2700, optimistic $0.4100 per share (as of Sep 24, 2026, price $1.35). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is HXGCF from its 52-week high?
Hexagon Composites ASA trades at $1.35, about 11% below its 52-week high of $1.53 and 108% above the low of $0.6500 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $0.2700 is for.
Which stocks are comparable to Hexagon Composites ASA?
From the same area (Consumer Cyclical) we also value Smurfit Westrock Plc,, Packaging Corporation, International Paper Company, Ball Corporation, 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 Composites ASA stock attractive at the current price?
The data as of Sep 24, 2026: price $1.35, calculated fair value $0.2700 (−80%), Quality Score 26/100, from 2 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 HXGCF calculated?
We run Hexagon Composites ASA through 2 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 $0.2700, 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 Composites ASA 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 Composites ASA (HXGCF)?
The closing price on Oct 2, 2026 was $1.35. Our model-based fair value is $0.2700, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hexagon Composites ASA right now?
The price sits above even our optimistic bull case ($0.4100). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($0.2000 to $0.4100) leaves room in how you read the outcome.
Key figures of Hexagon Composites ASA
How large is the market capitalisation of Hexagon Composites ASA (HXGCF)?
The market capitalisation of Hexagon Composites ASA is $311M. 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 Hexagon Composites ASA (HXGCF)?
The price-to-sales ratio of Hexagon Composites ASA is 0.08 (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 Hexagon Composites ASA (HXGCF)?
Earnings per share at Hexagon Composites ASA are $−0.5200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hexagon Composites ASA (HXGCF)?
The net margin of Hexagon Composites ASA is −38.4% (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 return on equity of Hexagon Composites ASA (HXGCF)?
The return on equity (ROE) of Hexagon Composites ASA is −19.9% (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 Hexagon Composites ASA (HXGCF)?
On an EBIT basis the return on assets of Hexagon Composites ASA is 0.1% (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 Hexagon Composites ASA (HXGCF)?
The operating margin of Hexagon Composites ASA is −0.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hexagon Composites ASA (HXGCF)?
Revenue at Hexagon Composites ASA is growing −26.6% versus a year earlier (3y avg −15.7%). 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 Hexagon Composites ASA (HXGCF)?
Earnings per share at Hexagon Composites ASA are growing −91.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hexagon Composites ASA (HXGCF) generate?
The free cash flow of Hexagon Composites ASA is −267M NOK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hexagon Composites ASA (HXGCF) carry?
The net debt of Hexagon Composites ASA is 1.5B NOK (fiscal year 2025). 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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