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Hexagon Composites Overview
About Hexagon Composites
Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, Southeast Asia, the Middle East, and Norway geographic regions.
Founded
2000
HQ
Employees
1.0K
Website
Sectors
Financials (LTM)
EV
$364M
Hexagon Composites Financials
Hexagon Composites reported last 12-month revenue of $316M and EBITDA of $14M.
In the same LTM period, Hexagon Composites generated $87M in gross profit, $14M in EBITDA, and had net loss of ($98M).
Revenue (LTM)
Hexagon Composites P&L
In the most recent fiscal year, Hexagon Composites reported revenue of $310M and EBITDA of $9M.
Hexagon Composites expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $316M | XXX | $310M | XXX | XXX | XXX |
| Gross Profit | $87M | XXX | $150M | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $14M | XXX | $9M | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| EBIT Margin | (6%) | XXX | (4%) | XXX | XXX | XXX |
| Net Profit | ($98M) | XXX | ($116M) | XXX | XXX | XXX |
| Net Margin | (31%) | XXX | (38%) | XXX | XXX | XXX |
| Net Debt | — | — | $106M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hexagon Composites Stock Performance
Hexagon Composites has current market cap of $209M, and enterprise value of $364M.
Market Cap Evolution
Hexagon Composites' stock price is $0.83.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $364M | $209M | 0.1% | XXX | XXX | XXX | $-0.46 |
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Start Free TrialHexagon Composites Valuation Multiples
Hexagon Composites trades at 1.2x EV/Revenue multiple, and 26.0x EV/EBITDA.
EV / Revenue (LTM)
Hexagon Composites Financial Valuation Multiples
As of April 2, 2026, Hexagon Composites has market cap of $209M and EV of $364M.
Equity research analysts estimate Hexagon Composites' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hexagon Composites has a P/E ratio of (2.1x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $209M | XXX | $209M | XXX | XXX | XXX |
| EV (current) | $364M | XXX | $364M | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 26.0x | XXX | 41.2x | XXX | XXX | XXX |
| EV/EBIT | (19.6x) | XXX | (29.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 4.2x | XXX | 2.4x | XXX | XXX | XXX |
| P/E | (2.1x) | XXX | (1.8x) | XXX | XXX | XXX |
| EV/FCF | (23.2x) | XXX | (18.1x) | XXX | XXX | XXX |
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Verified Hexagon Composites Valuation Multiples
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Hexagon Composites Margins & Growth Rates
Hexagon Composites' revenue in the last 12 month grew by 21%.
Hexagon Composites' revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
Hexagon Composites' rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hexagon Composites' rule of X is 34% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hexagon Composites Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 4% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Growth | 187% | XXX | 235% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 53% | XXX | XXX | XXX |
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Hexagon Composites Public Comps
See public comps and valuation multiples for other Energy Storage comps.
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Hexagon Composites M&A Activity
Hexagon Composites acquired XXX companies to date.
Last acquisition by Hexagon Composites was on XXXXXXXX, XXXXX. Hexagon Composites acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hexagon Composites
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHexagon Composites Investment Activity
Hexagon Composites invested in XXX companies to date.
Hexagon Composites made its latest investment on XXXXXXXX, XXXXX. Hexagon Composites invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hexagon Composites
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hexagon Composites
| When was Hexagon Composites founded? | Hexagon Composites was founded in 2000. |
| Where is Hexagon Composites headquartered? | Hexagon Composites is headquartered in Norway. |
| How many employees does Hexagon Composites have? | As of today, Hexagon Composites has over 1K employees. |
| Who is the CEO of Hexagon Composites? | Hexagon Composites' CEO is Philipp Schramm. |
| Is Hexagon Composites publicly listed? | Yes, Hexagon Composites is a public company listed on Oslo Børs. |
| What is the stock symbol of Hexagon Composites? | Hexagon Composites trades under HEX ticker. |
| When did Hexagon Composites go public? | Hexagon Composites went public in 1997. |
| Who are competitors of Hexagon Composites? | Hexagon Composites main competitors are Alfen, NOVONIX, Leclanche, Entech. |
| What is the current market cap of Hexagon Composites? | Hexagon Composites' current market cap is $209M. |
| What is the current revenue of Hexagon Composites? | Hexagon Composites' last 12 months revenue is $316M. |
| What is the current revenue growth of Hexagon Composites? | Hexagon Composites revenue growth (NTM/LTM) is 21%. |
| What is the current EV/Revenue multiple of Hexagon Composites? | Current revenue multiple of Hexagon Composites is 1.2x. |
| Is Hexagon Composites profitable? | Yes, Hexagon Composites is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hexagon Composites? | Hexagon Composites' last 12 months EBITDA is $14M. |
| What is Hexagon Composites' EBITDA margin? | Hexagon Composites' last 12 months EBITDA margin is 4%. |
| What is the current EV/EBITDA multiple of Hexagon Composites? | Current EBITDA multiple of Hexagon Composites is 26.0x. |
| What is the current FCF of Hexagon Composites? | Hexagon Composites' last 12 months FCF is ($16M). |
| What is Hexagon Composites' FCF margin? | Hexagon Composites' last 12 months FCF margin is (5%). |
| What is the current EV/FCF multiple of Hexagon Composites? | Current FCF multiple of Hexagon Composites is (23.2x). |
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