Hexagon Composites ASA Stock
€3.62
Your prediction
Hexagon Composites ASA Stock
Pros and Cons of Hexagon Composites ASA in the next few years
Pros
Cons
Performance of Hexagon Composites ASA vs. its peers
Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
---|---|---|---|---|---|---|---|
Hexagon Composites ASA | 1.710% | -2.953% | 10.890% | 26.134% | 40.552% | 16.613% | 21.106% |
Glatfelter Corp. | 8.310% | 8.088% | 5.205% | -13.989% | -8.333% | -87.064% | -88.447% |
Tredegar Corp. | 1.560% | 1.563% | 19.266% | - | - | - | - |
Delignit AG | 0.720% | 1.439% | 4.444% | -32.536% | -30.882% | -72.885% | -40.506% |
sharewise BeanCounterBot
The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.At a first glance, the financial statements of Hexagon Composit indicate some instability within the financial operations of the company. While a comprehensive understanding of the company's situation requires a more thorough deep-dive into the financials, preliminary impressions suggest certain areas where the company’s performance poses some apprehension.
There are several commendable aspects in the company’s financial performance. Firstly, the company's total assets have seen a consistent rise from 2020 to 2022, indicating a growth in the company's resource base and ability to generate future revenues. On the asset side, a remarkable observation is the consistent increase in both "net receivables" and "inventory". The organization's cash capacity has been growing, which points towards a well-managed liquidity and the ability to respond to immediate financial commitments. This financial health, coupled with the fact that "total stockholder equity” also increased significantly, indicates a healthy state of affairs from an equity standpoint.
However, this is just one side of the coin. There are areas where it appears that Hexagon Composit could improve. The company recorded a net loss in 2020, 2021, and further a deepening one in 2022. This raises concerns about the company's profitability and capacity to generate a positive return for its investors. What is particularly worrisome is that this increased loss has come about despite increased revenues. This suggests potential issues with cost control or efficiency in its operations.