Hexagon Composites ASA (HEX) - Net Assets
Based on the latest financial reports, Hexagon Composites ASA (HEX) has net assets worth Nkr2.67 Billion NOK (≈ $281.22 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr5.29 Billion ≈ $557.10 Million USD) and total liabilities (Nkr2.62 Billion ≈ $275.88 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore HEX total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Nkr2.67 Billion |
| % of Total Assets | 50.48% |
| Annual Growth Rate | 15.21% |
| 5-Year Change | -23.3% |
| 10-Year Change | 100.46% |
| Growth Volatility | 39.39 |
Hexagon Composites ASA - Net Assets Trend (2000–2025)
This chart illustrates how Hexagon Composites ASA's net assets have evolved over time, based on quarterly financial data. Check HEX tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Hexagon Composites ASA (2000–2025)
The table below shows the annual net assets of Hexagon Composites ASA from 2000 to 2025. For live valuation and market cap data, see HEX stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | Nkr2.67 Billion ≈ $281.22 Million |
-25.70% |
| 2024-12-31 | Nkr3.60 Billion ≈ $378.46 Million |
+11.90% |
| 2023-12-31 | Nkr3.21 Billion ≈ $338.21 Million |
-7.34% |
| 2022-12-31 | Nkr3.47 Billion ≈ $365.02 Million |
-0.44% |
| 2021-12-31 | Nkr3.48 Billion ≈ $366.65 Million |
-3.10% |
| 2020-12-31 | Nkr3.60 Billion ≈ $378.39 Million |
+67.02% |
| 2019-12-31 | Nkr2.15 Billion ≈ $226.56 Million |
+39.80% |
| 2018-12-31 | Nkr1.54 Billion ≈ $162.06 Million |
+9.04% |
| 2017-12-31 | Nkr1.41 Billion ≈ $148.63 Million |
+5.95% |
| 2016-12-31 | Nkr1.33 Billion ≈ $140.29 Million |
+183.57% |
| 2015-12-31 | Nkr470.14 Million ≈ $49.47 Million |
-3.48% |
| 2014-12-31 | Nkr487.11 Million ≈ $51.26 Million |
+39.75% |
| 2013-12-31 | Nkr348.56 Million ≈ $36.68 Million |
+34.33% |
| 2012-12-31 | Nkr259.49 Million ≈ $27.31 Million |
-2.04% |
| 2011-12-31 | Nkr264.90 Million ≈ $27.87 Million |
+4.46% |
| 2010-12-31 | Nkr253.58 Million ≈ $26.68 Million |
-1.68% |
| 2009-12-31 | Nkr257.90 Million ≈ $27.14 Million |
+28.39% |
| 2008-12-31 | Nkr200.87 Million ≈ $21.14 Million |
-1.48% |
| 2007-12-31 | Nkr203.89 Million ≈ $21.45 Million |
-1.20% |
| 2006-12-31 | Nkr206.37 Million ≈ $21.72 Million |
+1.97% |
| 2005-12-31 | Nkr202.38 Million ≈ $21.30 Million |
+12.26% |
| 2004-12-31 | Nkr180.28 Million ≈ $18.97 Million |
+37.22% |
| 2003-12-31 | Nkr131.38 Million ≈ $13.83 Million |
-5.29% |
| 2002-12-31 | Nkr138.72 Million ≈ $14.60 Million |
+23.68% |
| 2001-12-31 | Nkr112.16 Million ≈ $11.80 Million |
+44.52% |
| 2000-12-31 | Nkr77.61 Million ≈ $8.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hexagon Composites ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | Nkr2.67 Billion | 100.00% |
| Total Equity | Nkr2.67 Billion | 100.00% |
Hexagon Composites ASA Competitors by Market Cap
The table below lists competitors of Hexagon Composites ASA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hung Sheng Construction Ltd
TW:2534
|
$256.32 Million |
|
Andretti Acquisition Corp. II Class A Ordinary Shares
NASDAQ:POLE
|
$256.37 Million |
|
Calamos LongShort Equity & Dynamic Income Trust
NASDAQ:CPZ
|
$256.40 Million |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
$256.43 Million |
|
Jih Lin Technology Co Ltd
TW:5285
|
$256.22 Million |
|
European Wax Center Inc
NASDAQ:EWCZ
|
$256.18 Million |
|
NexPoint Strategic Opportunities Fund
NYSE:NXDT
|
$256.12 Million |
|
Master Tec Group Berhad
KLSE:0295
|
$256.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hexagon Composites ASA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,596,574,000 to 2,672,228,000, a change of -924,346,000 (-25.7%).
- Net loss of 1,131,638,000 reduced equity.
- Share repurchases of 487,342,000 reduced equity.
- New share issuances of 562,454,000 increased equity.
- Other factors increased equity by 132,180,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Nkr-1.13 Billion | -42.35% |
| Share Repurchases | Nkr487.34 Million | -18.24% |
| Share Issuances | Nkr562.45 Million | +21.05% |
| Other Changes | Nkr132.18 Million | +4.95% |
| Total Change | Nkr- | -25.70% |
Book Value vs Market Value Analysis
This analysis compares Hexagon Composites ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.26x to 0.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | Nkr1.56 | Nkr9.75 | x |
| 2005-12-31 | Nkr1.58 | Nkr9.75 | x |
| 2006-12-31 | Nkr1.60 | Nkr9.75 | x |
| 2007-12-31 | Nkr1.52 | Nkr9.75 | x |
| 2008-12-31 | Nkr1.48 | Nkr9.75 | x |
| 2009-12-31 | Nkr1.90 | Nkr9.75 | x |
| 2010-12-31 | Nkr1.87 | Nkr9.75 | x |
| 2011-12-31 | Nkr1.97 | Nkr9.75 | x |
| 2012-12-31 | Nkr1.94 | Nkr9.75 | x |
| 2013-12-31 | Nkr2.62 | Nkr9.75 | x |
| 2014-12-31 | Nkr3.67 | Nkr9.75 | x |
| 2015-12-31 | Nkr3.55 | Nkr9.75 | x |
| 2016-12-31 | Nkr8.00 | Nkr9.75 | x |
| 2017-12-31 | Nkr8.40 | Nkr9.75 | x |
| 2018-12-31 | Nkr9.14 | Nkr9.75 | x |
| 2019-12-31 | Nkr12.46 | Nkr9.75 | x |
| 2020-12-31 | Nkr15.94 | Nkr9.75 | x |
| 2021-12-31 | Nkr15.51 | Nkr9.75 | x |
| 2022-12-31 | Nkr14.89 | Nkr9.75 | x |
| 2023-12-31 | Nkr16.05 | Nkr9.75 | x |
| 2024-12-31 | Nkr17.15 | Nkr9.75 | x |
| 2025-12-31 | Nkr10.70 | Nkr9.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hexagon Composites ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -42.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -38.31%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.98x
- Recent ROE (-42.35%) is below the historical average (4.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 4.71% | 3.28% | 0.87x | 1.64x | Nkr-4.11 Million |
| 2001 | 2.90% | 1.85% | 0.56x | 2.82x | Nkr-7.97 Million |
| 2002 | 0.17% | 0.08% | 0.94x | 2.21x | Nkr-13.64 Million |
| 2004 | 9.14% | 5.19% | 0.96x | 1.83x | Nkr-1.54 Million |
| 2005 | 10.78% | 5.13% | 1.03x | 2.04x | Nkr1.59 Million |
| 2006 | 4.71% | 2.33% | 0.52x | 3.88x | Nkr-10.91 Million |
| 2007 | 1.78% | 0.61% | 0.84x | 3.49x | Nkr-16.76 Million |
| 2008 | -4.88% | -1.28% | 0.95x | 4.01x | Nkr-29.89 Million |
| 2009 | 23.82% | 7.08% | 1.14x | 2.94x | Nkr35.65 Million |
| 2010 | 7.22% | 2.16% | 0.93x | 3.58x | Nkr-7.06 Million |
| 2011 | 7.20% | 1.92% | 1.25x | 3.01x | Nkr-7.43 Million |
| 2012 | 2.10% | 0.53% | 1.16x | 3.42x | Nkr-20.50 Million |
| 2013 | 25.72% | 7.00% | 1.12x | 3.29x | Nkr54.79 Million |
| 2014 | 33.81% | 9.98% | 1.40x | 2.42x | Nkr115.96 Million |
| 2015 | 0.97% | 0.32% | 1.22x | 2.51x | Nkr-42.45 Million |
| 2016 | 15.62% | 17.07% | 0.50x | 1.82x | Nkr74.99 Million |
| 2017 | 4.92% | 4.93% | 0.59x | 1.69x | Nkr-71.77 Million |
| 2018 | 9.19% | 9.52% | 0.57x | 1.70x | Nkr-12.54 Million |
| 2019 | 4.99% | 3.16% | 0.71x | 2.24x | Nkr-107.81 Million |
| 2020 | -4.64% | -4.81% | 0.50x | 1.94x | Nkr-466.18 Million |
| 2021 | -10.55% | -9.25% | 0.54x | 2.10x | Nkr-638.21 Million |
| 2022 | -14.24% | -8.67% | 0.62x | 2.64x | Nkr-725.17 Million |
| 2023 | 37.51% | 26.67% | 0.70x | 2.00x | Nkr884.26 Million |
| 2024 | -7.76% | -5.74% | 0.68x | 1.99x | Nkr-638.79 Million |
| 2025 | -42.35% | -38.31% | 0.56x | 1.98x | Nkr-1.40 Billion |
Industry Comparison
This section compares Hexagon Composites ASA's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $381,715,500
- Average return on equity (ROE) among peers: 6.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hexagon Composites ASA (HEX) | Nkr2.67 Billion | 4.71% | 0.98x | $256.26 Million |
| Bewi Asa (BEWI) | $415.70 Million | -4.33% | 2.02x | $443.52 Million |
| Elopak AS (ELO) | $347.73 Million | 17.70% | 2.06x | $1.03 Billion |
About Hexagon Composites ASA
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 also offers cylinder testing and monitoring technologies. The company was founded in 1985 and is headquartered in Ålesund, Norway.