Hexagon AB Class B

HEXA B: XSTO (SWE)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	SEK 445.00	Tpbnk	Cpqbcjvr

Hexagon Earnings: Trading Environment to Remain Challenging; Shares Fairly Valued

Rob Hales

Jul 26, 2024

No-moat Hexagon reported second-quarter numbers that were broadly in line with FactSet consensus. However, management said that they expect the trading environment to remain challenging in the third quarter, particularly in the construction and automotive sectors. Consequently, the shares were down around 4% intraday. We’re maintaining our SEK 108 fair value estimate. At current levels, the shares look fairly valued.

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