-1.04%
18.09%
31.70%
25.12%
13.36%
6.98%
212.73%

Company Description

HMS Networks AB (publ) provides industrial communication and industrial Internet of Things solutions under the Anybus, Ewon, IXXAT, and Intesis brands worldwide.The company offers Anybus Embedded that offers multi-network connectivity with a single development project; Anybus Gateways, a gateway for connecting devices, machines, systems, or networks; Anybus Wireless that allows to connect machines and devices over Bluetooth, Wi-Fi, cellular networks, and industrial Ethernet; and Anybus Edge, which bridges edge intelligence and versatile cloud connectivity to industrial equipment.It also provides Ewon Cosy+, an industrial VPN device for secure remote access; Ewon Flexy, an industrial device and IIoT gateways for flexible remote access and data services; Ewon Flexy Extension Cards, which allow to keep up with the evolution of communication technologies while protecting investment in the device; and Ewon Talk2M, an industrial cloud that enables its customers to access their assets.


In addition, the company offers Intesis protocol translators, air conditioner interfaces, AC Cloud control, and ST cloud control solutions; and automotive, embedded control, energy, and safety solutions under the Ixxat brand.It also offers its solutions to device manufactures, machine builders, system integrators, and end users.HMS Networks AB (publ) was founded in 1988 and is headquartered in Halmstad, Sweden.

Market Data

Last Price 521
Change Percentage -1.04%
Open 524.5
Previous Close 526.5
Market Cap ( Millions) 26141
Volume 37497
Year High 552
Year Low 357.6
M A 50 424.21
M A 200 414.19

Financial Ratios

FCF Yield 1.91%
Dividend Yield 0.84%
ROE 13.30%
Debt / Equity 79.19%
Net Debt / EBIDTA 310.33%
Price To Book 8.18
Price Earnings Ratio 75.41
Price To FCF 52.4
Price To sales 8.68
EV / EBITDA 36.45

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Anybus

Expected Growth : 12 %

What the company do ?

Anybus is a communication gateway from HMS Networks AB, enabling industrial devices to communicate with various industrial networks and protocols.

Why we expect these perspectives ?

Anybus from HMS Networks AB (publ) achieves 12% growth driven by increasing demand for industrial automation, IoT adoption, and Industry 4.0 initiatives. Strong partnerships, innovative products, and expanding presence in Asia and Europe also contribute to growth. Additionally, the company's focus on R&D and strategic acquisitions enhance its market position and drive revenue growth.

Segment nΒ°2 -> Ewon

Expected Growth : 11 %

What the company do ?

Ewon is a remote access router and VPN solution from HMS Networks AB, enabling secure and reliable industrial IoT connectivity and remote monitoring.

Why we expect these perspectives ?

Ewon's 11% growth is driven by increasing demand for industrial IoT and remote monitoring solutions, particularly in the manufacturing and energy sectors. HMS Networks' strategic acquisitions and investments in R&D have expanded Ewon's product portfolio and enhanced its market position, contributing to its growth momentum.

Segment nΒ°3 -> Ixxat

Expected Growth : 10 %

What the company do ?

Ixxat from HMS Networks AB (publ) is a leading provider of communication solutions for industrial automation, offering protocol software and hardware for CAN, SAE J1939, and other protocols.

Why we expect these perspectives ?

Ixxat from HMS Networks AB (publ) achieves 10% growth driven by increasing demand for industrial communication solutions, expansion into new markets, and strategic partnerships. Growing adoption of Industry 4.0 and IoT technologies also fuels growth, as customers seek reliable and efficient data communication solutions.

Segment nΒ°4 -> Intesis

Expected Growth : 9 %

What the company do ?

Intesis is a brand from HMS Networks AB, offering a range of protocol converters, gateways, and adapters for industrial communication.

Why we expect these perspectives ?

Intesis from HMS Networks AB (publ) achieves 9% growth driven by increasing demand for industrial IoT solutions, expansion into new markets, and strategic partnerships. The company's focus on innovation, particularly in industrial communication and remote monitoring, also contributes to its growth. Additionally, the rising need for industrial automation and digitalization in various industries fuels Intesis' upward trajectory.

Segment nΒ°5 -> Other

Expected Growth : 8 %

What the company do ?

HMS Networks AB (publ) 'Other' segment includes revenue from sales of spare parts, services, and royalties, which are not part of their core product offerings.

Why we expect these perspectives ?

HMS Networks AB's 8% growth is driven by increasing demand for industrial automation, IoT, and Industry 4.0 solutions. The company's strong presence in the industrial communication market, strategic acquisitions, and continuous innovation in wireless and wired communication technologies also contribute to its growth.

Hms Networks Ab (Publ) Products

Product Range What is it ?
Anybus Industrial communication gateways and adapters that enable communication between devices and systems from different manufacturers
Ixxat Industrial communication solutions for automotive, industrial and IoT applications
Ewon Industrial remote access and machine to machine (M2M) communication solutions
Intesis Gateways and adapters for building automation and industrial automation
Talk2M Cloud-based remote access and machine to machine (M2M) communication solutions

HMS Networks AB (publ)'s Porter Forces

The threat of substitutes for HMS Networks AB (publ) is medium due to the availability of alternative industrial communication solutions.

The bargaining power of customers is low due to the company's strong relationships with its customers and the customized nature of its products.

The bargaining power of suppliers is medium due to the presence of multiple suppliers in the market, but the company's dependence on a few key suppliers.

The threat of new entrants is low due to the high barriers to entry in the industrial communication solutions market, including the need for significant investments in research and development.

The intensity of rivalry is high due to the presence of several established players in the market, leading to a competitive landscape.

Capital Structure

Value
Debt Weight 3.78%
Debt Cost 5.59%
Equity Weight 96.22%
Equity Cost 10.49%
WACC 10.31%
Leverage 3.93%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
IVSO.ST Invisio AB (publ) develops and sells personal communication and hearing protection systems for professionals in the defense and military, law enforcement, and security sectors in Sweden, Europe, North America, and …
AUDC AudioCodes Ltd. provides advanced communications software, products, and productivity solutions for the digital workplace. The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and …
NAPA.OL Napatech A/S provides reconfigurable computing solutions for the network management and cybersecurity applications worldwide. The company offers Link Capture Software that enables packet capture with nanosecond timestamping and replay with …
SATX SatixFy Communications Ltd. develops end-to-end next-generation satellite communications systems. The company offers satellite payloads, user terminals, and modems. Its products include modems that feature software defined radio; fully electronically steered …
CRNT Ceragon Networks Ltd. provides wireless backhaul and fronthaul solutions that enable cellular operators and other wireless service providers. Its solutions use microwave and millimeter wave radio technology to transfer telecommunication …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
521.0$
Current Price
521$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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