Hexcel Corp Stock Research

Market Summary

USD66.88-0.56

Market Closed

-0.83%

HXL Alerts

Big jump in Earnings (Y/Y)

HXL Stock Price

HXL RSI Chart

HXL Valuation

Market Cap

5.6B

Price/Earnings (Trailing)

44.69

Price/Sales (Trailing)

3.58

EV/EBITDA

17.72

Price/Free Cashflow

58.31

HXL Price/Sales (Trailing)

HXL Profitability

EBT Margin

9.49%

Return on Equity

8.13%

Return on Assets

4.45%

Free Cashflow Yield

1.71%

HXL Fundamentals

HXL Revenue

Revenue (TTM)

1.6B

Revenue Y/Y

19.18%

Revenue Q/Q

17.74%

HXL Earnings

Earnings (TTM)

126.3M

Earnings Y/Y

95.77%

Earnings Q/Q

38.06%

Price Action

52 Week Range

47.2274.99

(Low)(High)

Last 7 days

-1.7%

Last 30 days

-5.4%

Last 90 days

15.2%

Trailing 12 Months

16.7%

HXL Financial Health

Current Ratio

2.23

HXL Investor Care

Dividend Yield

0.6%

Dividend/Share (TTM)

0.4

Shares Dilution (1Y)

0.36%

Peers (Alternatives to Hexcel)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LMT	122.4B	66.0B	-2.56%	5.52%	21.35	1.85	-1.58%	-9.23%
BA	117.3B	66.6B	-4.22%	5.81%	-23.77	1.76	6.94%	-17.44%
NOC	67.9B	36.6B	-6.48%	0.23%	13.87	1.85	2.62%	-30.11%
GD	60.5B	39.4B	-5.58%	-6.48%	17.86	1.54	2.44%	4.08%
HWM	16.8B	5.7B	-4.02%	9.99%	35.75	2.96	13.90%	81.78%
MID-CAP
HII	7.9B	10.7B	-10.63%	-1.25%	13.6	0.74	12.10%	6.43%
CW	6.4B	2.6B	-2.62%	9.17%	21.78	2.51	2.04%	10.18%
HXL	5.6B	1.6B	-5.36%	16.71%	44.69	3.58	19.10%	684.47%
AJRD	4.5B	2.2B	-0.64%	42.05%	60.68	2.01	2.27%	-49.52%
MRCY	2.7B	1000.0M	-10.94%	-27.72%	-636.77	2.68	4.92%	-117.67%
SMALL-CAP
AIR	1.6B	1.8B	0.90%	6.98%	17.55	0.87	6.02%	23.12%
TGI	678.6M	1.4B	-16.88%	-60.14%	7.03	0.49	-10.88%	191.35%
KAMN	601.1M	688.0M	-13.37%	-51.39%	-13	0.87	-2.97%	-205.84%
NPK	496.3M	321.6M	-7.37%	-9.19%	29.25	1.52	-9.60%	-19.31%
ASTC	19.2M	422.0K	-7.79%	1451.81%	-2.11	45.39	-48.03%	-12.24%

Financials for Hexcel

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.6%	1,578	1,509	1,478	1,405	1,325
Gross Profit	9.2%	357	327	311	284	250
S&GA Expenses	6.1%	148	140	143	140	135
R&D Expenses	0.9%	46.00	45.00	44.00	44.00	45.00
EBITDA	5.1%	312	297	282	236	-
EBITDA Margin	0.5%	0.20*	0.20*	0.19*	0.17*	-
Earnings Before Taxes	15.0%	150	130	112	64.00	22.00
EBT Margin	9.9%	0.09*	0.09*	0.08*	0.05*	-
Interest Expenses	0%	36.00	36.00	37.00	37.00	38.00
Net Income	16.7%	126	108	90.00	48.00	16.00
Net Income Margin	11.6%	0.08*	0.07*	0.06*	0.03*	-
Free Cahsflow	33.1%	97.00	73.00	75.00	90.00	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.2%	2,837	2,776	2,819	2,854	2,819
Current Assets	7.2%	734	685	692	684	616
Cash Equivalents	23.2%	112	91.00	99.00	113	128
Inventory	5.3%	319	303	272	266	246
Net PPE	1.7%	1,658	1,629	1,670	1,712	1,746
Goodwill	-1.7%	183	187	189	191	-
Liabilities	-3.6%	1,283	1,331	1,339	1,366	1,334
Current Liabilities	16.2%	330	284	271	247	248
LT Debt, Current	-33.3%	0.00	0.00	1.00	1.00	1.00
LT Debt, Non Current	-9.2%	723	797	812	858	822
Shareholder's Equity	7.6%	1,554	1,445	1,480	1,487	1,486
Retained Earnings	1.4%	2,105	2,076	2,058	2,022	2,013
Additional Paid-In Capital	0.7%	905	899	894	890	879
Accumulated Depreciation	4.0%	1,430	1,375	1,375	1,377	1,364
Shares Outstanding	0%	84.00	84.00	84.00	-	-

* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	20.3%	173	144	131	134	152
Share Based Compensation	11.1%	20.00	18.00	19.00	20.00	19.00
Cashflow From Investing	-10.3%	-54.60	-49.50	-34.90	-43.90	-27.90
Cashflow From Financing	-29.2%	-130	-100	-106	-57.40	-96.80
Dividend Payments	-0.1%	34.00	34.00	34.00	34.00	-
Buy Backs	-	0.00	-	-	-	-

Risks for HXL

What is the probability of a big loss on HXL?

64.2%

Probability that Hexcel stock will be more than 20% underwater in next one year

20%

Probability that Hexcel stock will be more than 30% underwater in next one year.

20%

Probability that Hexcel stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does HXL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Hexcel was unfortunately bought at previous high price.

Drawdowns

Returns for HXL

Cumulative Returns on HXL

9.1%

10-Year Cumulative Returns

6.8%

7-Year Cumulative Returns

1.3%

5-Year Cumulative Returns

31.7%

3-Year Cumulative Returns

What are the long-term rolling returns for HXL?

FIve years rolling returns for Hexcel.

Annualized Returns

Which funds bought or sold HXL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	sold off	-100	-261,000	-	-%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	4.54	18,641,200	116,989,000	0.13%
2023-03-06	Rockefeller Capital Management L.P.	added	6.62	96,000	545,000	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	5,885	5,885	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	unchanged	-	6,850	58,850	0.03%
2023-02-28	Voya Investment Management LLC	reduced	-1.95	1,590,080	15,345,100	0.02%
2023-02-24	NATIXIS	sold off	-100	-397,000	-	-%
2023-02-24	Athena Investment Management	reduced	-3.12	22,460	237,460	0.17%
2023-02-23	CHELSEA COUNSEL CO	reduced	-5.09	190,391	2,569,390	1.28%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	93,000	770,000	0.01%

Latest Funds Activity

Are funds buying HXL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HXL

No. of Funds

HXL Alerts

Big jump in Earnings (Y/Y)

Hexcel News

Schedule 13G FIlings of Hexcel

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	alliancebernstein l.p.	7.2%	6,060,002	SC 13G/A
Feb 14, 2023	earnest partners llc	6.1%	5,152,535	SC 13G/A
Feb 09, 2023	morgan stanley	7.9%	6,648,134	SC 13G/A
Feb 09, 2023	vanguard group inc	9.17%	7,718,731	SC 13G/A
Jan 26, 2023	blackrock inc.	10.8%	9,058,802	SC 13G/A
Jan 20, 2023	blackrock inc.	10.8%	9,058,802	SC 13G/A
Apr 08, 2022	blackrock inc.	10.0%	8,420,295	SC 13G/A
Feb 14, 2022	earnest partners llc	5.2%	4,376,694	SC 13G/A
Feb 14, 2022	alliancebernstein l.p.	7.0%	5,852,642	SC 13G
Feb 10, 2022	morgan stanley	9.3%	7,773,681	SC 13G/A

HXL Fair Value

Hexcel fair value in different scenarios

The table shows the Fair Value estimates for Hexcel for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	10.13 -84.85%	14.27 -78.66%	16.78 -74.91%	21.76 -67.46%	26.95 -59.70%
Current Inflation	12.57 -81.21%	15.78 -76.41%	19.81 -70.38%	27.40 -59.03%	32.07 -52.05%
Very High Inflation	9.07 -86.44%	11.99 -82.07%	13.64 -79.61%	17.19 -74.30%	20.74 -68.99%

Historical Hexcel Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Hexcel

View All Filings

Date Filed	Form Type	Document
Feb 28, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 24, 2023	4	Insider Trading
Feb 21, 2023	4/A	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 08, 2023	10-K	Annual Report
Feb 08, 2023	4	Insider Trading

Latest Insider Trading transactions for HXL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-27	Minus Marilyn	sold	-29,176	72.94	-400	-
2023-02-23	Merlot Thierry	sold	-72,660	72.66	-1,000	see remarks
2023-02-22	Minus Marilyn	sold	-49,917	71.31	-700	-
2023-02-22	Merlot Thierry	sold	-40,064	70.91	-565	see remarks
2023-02-06	Winterlich Patrick	acquired	-	-	1,036	evp, cfo
2023-02-06	Lehman Gail E	acquired	-	-	760	see remarks
2023-02-06	Fitzsimons Gina	acquired	-	-	188	see remarks
2023-02-06	Fitzsimons Gina	sold (taxes)	-6,958	69.58	-100	see remarks
2023-02-06	Winterlich Patrick	sold (taxes)	-33,468	69.58	-481	evp, cfo
2023-02-06	Merlot Thierry	acquired	-	-	565	see remarks

About Hexcel

Nick L. Stanage

www.hexcel.com

4860

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates through two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, rotorcraft blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in rotorcraft blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.

HXL Income Statement

2022-09-30

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 364.7	$ 333.8	$ 1,148.3	$ 964.4
Cost of sales	282.9	267.8	890.3	783.4
Gross margin	81.8	66.0	258.0	181.0
Selling, general and administrative expenses	29.0	32.0	107.2	102.7
Research and technology expenses	11.6	10.4	33.8	33.5
Other operating (income) expense	0.4	0.8	(17.7)	16.0
Operating income (loss)	40.8	22.8	134.7	28.8
Interest expense, net	9.0	9.5	27.0	29.1
Other income	0.0	0.0	(0.3)	0.0
Income (loss) before income taxes, and equity in earnings from affiliated companies	31.8	13.3	108.0	(0.3)
Income tax expense (benefit)	6.8	5.1	24.2	(1.6)
Income (loss) before equity in earnings from affiliated companies	25.0	8.2	83.8	(1.9)
Equity in earnings (losses) from affiliated companies	1.8	0.8	5.5	(0.9)
Net income (loss)	$ 26.8	$ 9.0	$ 89.3	$ (2.8)
Basic net income (loss) per common share	$ 0.32	$ 0.11	$ 1.06	$ (0.03)
Diluted net income (loss) per common share	$ 0.31	$ 0.11	$ 1.05	$ (0.03)
Weighted-average common shares:
Basic	84.4	84.1	84.4	84.1
Diluted	85.1	84.7	85.0	84.1

HXL Balance Sheet

2022-09-30

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 90.9	$ 127.7
Accounts receivable, net	202.7	160.3
Inventories, net	303.1	245.7
Contract assets	32.9	30.5
Prepaid expenses and other current assets	43.0	39.5
Assets held for sale	12.6	12.6
Total current assets	685.2	616.3
Property, plant and equipment	3,004.6	3,110.0
Less accumulated depreciation	(1,375.3)	(1,363.9)
Net property, plant and equipment	1,629.3	1,746.1
Goodwill and other intangible assets, net	253.1	267.5
Investments in affiliated companies	47.0	44.6
Other assets	161.1	144.9
Total assets	2,775.7	2,819.4
Current liabilities:
Short-term borrowings	0.3	0.9
Accounts payable	113.2	113.2
Accrued compensation and benefits	69.4	54.4
Financial instruments	39.9	5.7
Accrued liabilities	60.9	73.4
Total current liabilities	283.7	247.6
Long-term debt	797.0	822.4
Retirement obligations	47.4	52.6
Deferred income taxes	121.2	140.0
Other non-current liabilities	81.4	71.3
Total liabilities	1,330.7	1,333.9
Stockholders' equity:
Common stock, $0.01 par value, 200.0 shares authorized, 110.3 shares and 110.1 shares issued at June 30, 2022 and December 31, 2021, respectively	1.1	1.1
Additional paid-in capital	898.9	878.6
Retained earnings	2,076.4	2,012.5
Accumulated other comprehensive loss	(249.1)	(126.5)
Total stockholders' equity including treasury stock value	2,727.3	2,765.7
Less - Treasury stock, at cost, 26.2 shares at June 30, 2022 and 26.1 shares at December 31, 2021	(1,282.3)	(1,280.2)
Total stockholders' equity	1,445.0	1,485.5
Total liabilities and stockholders' equity	$ 2,775.7	$ 2,819.4