Hexagon Composites ASA, together with its subsidiaries, produces and sells composite pressure cylinders and fuel systems in Norway, Europe, North America, South-East Asia, the Middle East, and internationally. The company operates through Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG segments. The Hexagon Agility & CNG LDV segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation. Hexagon Purus segment provides high pressure cylinders, vehicle systems, and battery backs for fuel cell and battery electric vehicles. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology solutions that reduce down-time and inspection costs while improving inspection accuracy. The Hexagon Ragasco LPG segment manufacturers composite liquefied petroleum gas (LPG) cylinders for leisure, household, and industrial applications. Hexagon Composites ASA was incorporated in 1985 and is headquartered in Ålesund, Norway.

Hexagon Composites ASA

Hexagon Group provides digital reality solutions and clean fuel systems for sustainable mobility.

Hexagon Group

Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications.

Hexagon Composites

Today marks the end of an era! Hexagon Ragasco is officially a part of Worthington Enterprises.

We are immensely proud of Hexagon Ragasco and the position they have built over the past 20+ years🌟

With a skilled and dedicated team that live and breathe continuous improvement, they have grown the company and the market for composite #LPG cylinders. From the first order in 2001 to having sold 22+million cylinders to 100 countries worldwide🌍

We are confident that Worthington Enterprises is the right owner for the next leg of Hexagon Ragasco’s journey and look forward to following their success from the sideline🚀

Skjalg S. Stavheim Idun Kristine Fridtun Frédéric Gaussen Svein Rønning Ola Johnsrud Øystein Kvikstad Skoglund Ronny Skjølås Steffen Torget Tomm Døsen Jon Erik Engeset David Bandele (ACA) Knut Flakk

📣Big news! Hexagon Composites announces the sale of Hexagon Ragasco  to Worthington Enterprises.

“Hexagon Ragasco has been an important part of the Hexagon Group’ for over 20 years, and we take great pride in the position the company has developed to date. Worthington Enterprises is a highly respected player in our industry. This transaction will enable Hexagon Ragasco to grow in new geographies and verticals,” says Jon Erik Engeset, CEO Hexagon Composites.

Hexagon has also entered an agreement with Worthington to acquire 49% of their Sustainable Energy Solutions business.
 
Worthington Enterprises will acquire 100% of Hexagon Ragasco and the sale is expected to close on or around 3 June.

🔗Read more: https://lnkd.in/dVM7A42j

Wrapping up a successful week at #ACTExpo in Las Vegas🌟 
Proud to showcase how our technology is shaping the future of sustainable heavy-duty trucking alongside inspiring conversations with industry leaders driving decarbonization🚛

#DrivingEnergyTransformation #SustainableTrucking #RNG

Hexagon Agility Brudeli Green Mobility Hans Peter Havdal Eric Bippus Ian MacDonald David Bandele (ACA) Karen Romer Jelena Rowe Jason Isley

📣Exciting news! Hexagon Agility extends its master service agreement with UPS, supplying renewable natural gas fuel systems for medium- and heavy-duty trucks. 

🚛With new orders worth USD 57.7 million, we're proud to support UPS in their sustainable transportation efforts. Once again they are taking the lead and are among the first companies enhancing their fleet with the game-changing #X15N engine in combination with Hexagon Agility’s fuel systems.

👉Learn more: https://lnkd.in/gaczXn37

#DrivingEnergyTransformation #RNG #HeavyHaul

Eric Bippus David Bandele (ACA) Hans Peter Havdal Karen Romer Ingrid Aarsnes Jelena Rowe

Driving the transition to sustainable trucking!🌎
 
✅ The #X15N is the first #naturalgas engine that fully goes head-to-head with diesel in the heavy-duty sector. 

🚛Kenworth Truck Co. today announced they are showcasing its new demo truck with the X15N and Hexagon Agility’s fuel system at ACT Expo in Las Vegas.

⚙️The first trucks with 15-liter natural gas engine will begin production in Q3 2024,  and customers can select a factory customized truck frame for easy install of Hexagon Agility CNG/RNG fuel systems that can deliver up to a 265-diesel gallon equivalent.
 
 “We are pleased to partner with Hexagon Agility to provide Kenworth customers with a natural-gas engine solution that will reduce emissions in a variety of on-highway and vocational applications,” said Kyle Kimball, Kenworth Director of Marketing.

#DrivingEnergyTransformation #X15N #ACTExpo #HeavyHaul

Eric Bippus Ian MacDonald Karen Romer Jelena Rowe

Metric
Company Name	Hexagon Composites ASA
Symbol	0EOF
MSH ID	COM:HEXAGONGROUP
Market	STOCKS
Sector	Consumer Cyclical
Industry	Packaging & Containers
Country	NO
Stage
Employee Count	1.15K
Website	hexagongroup.com
LinkedIn	hexagon-composites-asa
Founders

Metric
Market Cap	476.47M
Enterprise Value
Monthly Web Traffic	360
Web Traffic Growth	0.08
Valuation
Raised Capital

Metric
Revenue	464.94M
Revenue (LTM)
Revenue (NTM)
Gross Profit	217.55M
EBITDA	36.83M
Operating Income	19.85M
Net Income	-73.28M
EPS	-0.34
Diluted EPS	-0.33
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.47
Operating Profit Margin	0.04
EBITDA Margin	0.08
Net Profit Margin	0.23
Return on Equity	0.32
Return on Assets	0.17
Return on Capital Employed	0.06

0EOF

COM:HEXAGONGROUP

Hexagon Group

Last Close

29.68

22/07 07:34

Market Cap

5.31B

Beta: -

Volume Today

166

Avg: -

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-50.65
P/B Ratio	1.46
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	1.86
EV Multiple	20.87

Metric
Days Sales Outstanding	38.45
Days Payables Outstanding	67.14
Days Inventory Outstanding	171.38
Operating Cycle	209.83
Cash Conversion Cycle	142.69
Asset Turnover	0.81

Metric
Operating Cash Flow	24.97M
Free Cash Flow	6.13M
Cash Flow to Debt	0.26
Operating Cash Flow/Sales	0.07
Free Cash Flow Yield	-5.91

Metric
Cash & Equivalents	13.85M
Accounts Receivable
Inventory	99.65M
Goodwill	110.64M
Debt to Capitalization	0.40
Debt to Assets	0.19
Current Ratio	1.49
Quick Ratio	1.02

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.01
R&D to Revenue	0.04
SG&A to Revenue