Propelled forward by floating wind power
Hexicon, a developer of floating offshore wind, holds a large portfolio of projects at various stages of development. Conservatively valued the combined value of the project portfolio is substantially higher than the company’s total equity value. However, significant earn-outs and claims by debt holders, combined with questions about the timing of cashing in the projects, create a somewhat uncertain picture. In addition, the immediate need for a cash infusion puts pressure on Hexicon to either divest projects or seek other financing solutions on uncertain terms.
Hexicon
Hexicon is a project developer in floating wind that opens up new markets in countries with deep water. The company is also a technology supplier with TwinWind, a patented floating wind design. The technology enables increased use of global wind power and can thus contribute to increased access to renewable energy. Hexicon operates in several markets in Europe, Africa, Asia and North America.
Read more on company pageKey Estimate Figures30.04
2023 | 24e | 25e | |
---|---|---|---|
Revenue | 5.7 | 80.1 | 453.0 |
growth-% | -50.64 % | 1,301.72 % | 465.64 % |
EBIT (adj.) | -180.3 | -119.3 | 259.3 |
EBIT-% (adj.) | -3,155.99 % | -148.93 % | 57.24 % |
EPS (adj.) | -0.51 | -0.43 | 0.56 |
Dividend | 0.00 | 0.00 | 0.00 |
Dividend % | |||
P/E (adj.) | - | - | 0.28 |
EV/EBITDA | - | - | 1.90 |