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HTRO.ST

Hexatronic Group AB (publ) (HTRO.ST) fair value

Technology · Communication Equipment · Nasdaq Stockholm · Sweden
kr 42.13+2.91%
Market cap kr 9.3BNext earnings 2026-10-22Updated Oct 23, 2026
Our verdict
Trades 27% above our fair value
Price
kr 42.13
Model fair valueConfidence: good
kr 33.17
Model range
kr 19.37 to kr 46.97
Fair value kr 33.17
Price kr 42.13
2 models fit Hexatronic Group AB (publ) and they disagree: 0 of 2 land within 15% of the average.
Two or more of our models back this value.
Premium(i)Silver74
Valued as a growth company: Discounted cash flow, P/E comparison, and EV/EBITDA comparison.
ACCE opinionHexatronic Group AB (publ) (HTRO.ST)
Fair value (2 models)
kr 33.17
ACCE price target
kr 47.00
Rating
Overvalued
Horizon
12 months
Fair value published on 22 Oct 2026, 12:04 CEST.
ACCE price target published on 23 Oct 2026, 01:52 CEST.
Rating published on 22 Oct 2026, 12:04 CEST.
Price used: kr 42.13 at the close on 23 Oct 2026, 17:30 CEST.
Models: Discounted cash flow and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Full methodology
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
27.0% above
-21.3% to fair value
ACCE score
71
out of 100
P/E
26.2x
forward 12.5x
1-year return
+110.5%
Dividend yield
0.00%

Hexatronic Group AB (publ) in four questions

Plain answers, details below
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OverviewAsk ACCEValuationQualityAnalystsSmart MoneyCompareNews and Record

Overview

ACCE thesis

Hexatronic Group designs and sells fibre-optic network hardware, including cable, connectivity components and installation products for fibre roll-outs to homes, businesses and mobile networks in Europe and beyond. Its advantage is a broad, pre-terminated product range sold to network builders who want fewer suppliers on site, which supports a 38.0% gross margin. Revenue growth of 17.8% reflects continued European fibre build-out, and the stock trades at 12.2 times forward earnings against a trailing P/E of 204.7, so earnings are expected to recover sharply from a depressed base. Operating margin of 9.1% and a 1.1% ROE show the profit gap that the thesis depends on: if margins rebuild toward gross-margin levels, the forward multiple looks much less demanding, but a deeper look needs to confirm that recovery is real rather than cyclical noise.

AI-assisted·How I use AIWritten Oct 23, 2026

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Valuation

INVESTOR
Where HTRO.ST's valuation models land
Price
kr 42.13
Model fair value
kr 33.17
Model range
kr 19.37 to kr 46.97
Fair value kr 33.17
Price kr 42.13
The price sits inside the model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
P/E comparison
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Quality

INVESTOR
Quality and conviction INVESTOR FEATURE

The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.

  • +A plain reason under every score
  • +Conviction breakdown and growth / value / quality / momentum scores
  • +Score history: how each score moved over time

Analysts

Wall Street consensus

No analyst coverage yet.
Analyst intelligence INVESTOR FEATURE

The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.

  • +Price-target low / average / high vs the current price, with implied upside
  • +Forward revenue and EPS consensus by fiscal year
  • +ACCE fair-value models lined up against the Street

Smart Money

PRO

In one line

Trades are only made public after a delay. We show the delay so you know how old the news is.

Company insiders
No trades filed
Last 90 days
Congress
No trades filed
Last 180 days
Average delay
No trades filed
From trade to public filing
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Compare

Where it sits vs peers

News and Record

Recent performance

1 week
+5.2%
1 month
+0.8%
3 months
+3.1%
6 months
+10.8%
YTD
+82.9%
1 year
+110.5%

Recommendation history, last 12 months

DateTypeNewPreviousPrice
23 Oct 2026, 01:52 CESTACCE price targetkr 47.00first publicationkr 40.94
22 Oct 2026, 12:04 CESTRatingOvervaluedfirst publicationkr 38.76
22 Oct 2026, 12:04 CESTFair valuekr 33.04first publicationkr 38.76

This analysis is not personalised investment advice and does not take your situation, objectives or risk tolerance into account. ACCE Investments is not an authorised investment firm.

Investing in shares carries a risk of losing capital. The value of an investment can go down as well as up.

This security trades in SEK. Exchange-rate movements can increase or reduce the result in your own currency.

Valuation horizon: 12 months from the publication date.

Conflicts of interest. ACCE Investments is operated by Adrien Chantreuil, who may hold personal positions in the securities analysed. Positions are declared on each security. ACCE receives no payment from the companies analysed or from any intermediary for this analysis.

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Snapshot

Growth88Value65Quality47Momentum83Total71
Valuation
Trailing P/E
26.2x
Forward P/E
12.5x
PEG
no data
P/B
2.09x
EV / Revenue
1.5x
Book value/sh
kr 16.76
Enterprise value
kr 11.2B
Profitability
ROE
1.1%
FCF yield
5.39%
ROIC
-0.2%
Health and risk
Debt / equity
0.78
Dividend yield
0.00%
Beta
1.26

Price

+85.8% · 1Y

Ask anything about HTRO.ST

Answered from Hexatronic Group AB (publ) fundamentals + recent valuations. Every number shows its source and date.

This stock Peer Peer median weaker → stronger
P/Ebetter than 100% of peers
low 26.2x26.2xhigh 256.7x
ROEbetter than 0% of peers
low 1%1%high 23%
Div yieldbetter than 50% of peers
low 0.0%0.0%high 2.4%

Peers

Prices Oct 23, 2026
CompanyPriceFair valuevs fair valueP/EROEQualityScore
HTRO.ST Hexatronic Group AB (publ)kr 42.13kr 3327% above26.2x1.1%4771
HLIT Harmonic Inc. Common Stock$10.09--38.8x6.6%6066
IVSO.ST Invisio AB (publ)kr 248.00kr 14176% above45.6x22.5%8457
FEIM Frequency Electronics Inc. Common Stock$61.60--256.7x3.0%5967
ADV.DE Adtran Networks SE€21.50--167.7x1.8%4245
VISN Vistance Networks Inc. Common Stock$6.08--32.0x4.3%4147
EPEN.ST Ependion ABkr 154.80kr 10647% above29.9x10.3%6375

Sector report card

Where HTRO.ST ranks against its sector peers on each metric.

Computing percentiles…