Addnode Group AB Class B (ANOD.B) AI Stock Analysis

• Market Cap: €15.70B
• Dividend Yield: 0.99%
• Average Volume (3M): 127.55K
• Price to Earnings (P/E): 36.4
• Beta (1Y): 0.59
• Revenue Growth: -24.57%
• EPS Growth: 33.88%
• Country: SE
• Employees: 2,710
• Sector: Technology
• Sector Strength: 81
• Industry: Information Technology Services
• EPS (TTM): 0.78
• Shares Outstanding: 132,603,970
• 10 Day Avg. Volume: 108,356
• 30 Day Avg. Volume: 127,554
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €111.92
• Price Target Upside: -3.18% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 56 Neutral
• Price Target: kr112.00 ▼(-3.11% Downside)

The overall stock score of 56 reflects a combination of strong profitability and a stable balance sheet, offset by negative revenue and free cash flow growth. The technical indicators suggest a bearish trend, and the valuation indicates the stock may be overvalued. The absence of earnings call data and corporate events limits further insights.

Addnode Group AB Class B Business Overview & Revenue Model

Company Description

Addnode Group AB (publ) provides software and services for the design, construction, and product data information. It operates through Design Management, Product Lifecycle Management (PLM), and Process Management divisions. The Design Management division provides software and services for 3D design, building information modelling, and simulation to engineers and architects in construction and real estate sectors, as well as manufacturing and marine industries. This division also develops project collaboration, property management, and workplace management software. The PLM division offers software and system for developing and managing consumer and industrial products during their entire lifecycles. It serves customers in telecom, manufacturing, automotive, construction, civil engineering, pharmaceuticals, life sciences, retail, and energy production. The Process Management division provides software and services for document and case management; business planning and decision support; e-archives; digitalized citizen services; and geographic information systems to the public sector and private customers, as well as mobile services for healthcare and nursing staffs. The company was founded in 2003 and is headquartered in Stockholm, Sweden.

How the Company Makes Money

Addnode Group makes money primarily by selling software licenses and offering related services such as implementation, consulting, and support. The company's revenue streams are diversified across its three main divisions. In Design Management, Addnode provides software tools for architects and engineers, generating income through license sales and recurring subscription fees. In the PLM sector, revenue is earned by offering software solutions that help manage the lifecycle of products from inception to end-of-life. This includes revenue from both direct sales and ongoing maintenance contracts. The Process Management division focuses on digital solutions for public sector and utility companies, with income derived from software licenses, service agreements, and digital transformation projects. Additionally, Addnode Group often forms strategic partnerships with technology providers to enhance its offerings and reach a broader customer base, contributing significantly to its earnings.

Addnode Group AB Class B Financial Statement Overview

Summary

Addnode Group AB Class B demonstrates strong profitability and a stable balance sheet, with effective equity utilization. However, the negative revenue and free cash flow growth rates are areas of concern. The company should focus on reversing these trends to ensure long-term financial health.

Income Statement

The company shows a strong gross profit margin of 69.37% in the TTM, indicating efficient cost management. However, the revenue growth rate is negative at -8.05%, which is a concern. The net profit margin is moderate at 6.74%, and EBIT and EBITDA margins are healthy at 12.33% and 18.54%, respectively. Overall, while profitability is solid, the declining revenue growth is a potential risk.

Balance Sheet

The debt-to-equity ratio is 0.78, indicating a balanced approach to leveraging. The return on equity is strong at 17.57%, showcasing effective use of equity to generate profits. The equity ratio stands at 30.30%, reflecting a stable financial structure. The balance sheet is robust, but careful monitoring of debt levels is advised.

Cash Flow

Free cash flow growth is significantly negative at -66.24%, which is concerning. The operating cash flow to net income ratio is low at 0.08, and the free cash flow to net income ratio is 0.34, indicating potential cash flow challenges. While the company generates positive cash flow, the declining free cash flow growth is a notable weakness.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	6.26B	7.76B	7.41B	6.22B	4.08B	3.81B
Gross Profit	4.34B	4.20B	511.00M	1.23B	831.00M	711.00M
EBITDA	1.16B	1.08B	724.00M	771.00M	487.00M	396.00M
Net Income	422.00M	402.00M	279.00M	382.00M	223.00M	163.00M
Balance Sheet
Total Assets	7.96B	8.58B	7.20B	6.20B	4.32B	3.82B
Cash, Cash Equivalents and Short-Term Investments	730.00M	674.00M	667.00M	600.00M	406.00M	644.00M
Total Debt	1.88B	1.73B	1.67B	1.07B	776.00M	828.00M
Total Liabilities	5.54B	6.12B	5.08B	4.19B	2.63B	2.31B
Stockholders Equity	2.41B	2.46B	2.12B	2.00B	1.69B	1.51B
Cash Flow
Free Cash Flow	105.00M	491.00M	283.00M	585.00M	329.00M	473.00M
Operating Cash Flow	312.00M	701.00M	485.00M	714.00M	437.00M	579.00M
Investing Cash Flow	-510.00M	-532.00M	-672.00M	-490.00M	-398.00M	-375.00M
Financing Cash Flow	202.00M	-211.00M	276.00M	-63.00M	-305.00M	193.00M

Addnode Group AB Class B Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 115.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ANOD.B, the sentiment is Positive. The current price of 115.6 is above the 20-day moving average (MA) of 110.41, above the 50-day MA of 112.72, and above the 200-day MA of 103.52, indicating a bullish trend. The MACD of 0.88 indicates Negative momentum. The RSI at 60.98 is Neutral, neither overbought nor oversold. The STOCH value of 78.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ANOD.B.

Addnode Group AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$35.56B	9.00	-10.49%	1.86%	8.45%	-8.32%
ANOD.B	56 Neutral	€15.70B	36.36	18.26%	0.99%	-24.57%	33.88%
SF7	―	€109.87M	14.96	32.08%	―	―	―
1TI	―	€177.12M	32.46	13.08%	―	―	―
KOW	―	€270.74M	37.42	1.97%	―	―	―
PIU0	―	€223.90M	14.47	15.85%	―	―	―
DUST	49 Neutral	kr2.22B	―		―	-5.76%	-1194.45%

Addnode Group AB Class B Corporate Events

Addnode Group Expands Share Capital Following Genus AS Acquisition

Addnode Group AB has increased its number of shares and votes following the issuance of new B shares, which were part of the acquisition deal for Genus AS. This strategic move, resolved by the Board of Directors, enhances Addnode Group’s market positioning by expanding its share capital and voting power, potentially impacting its operational capabilities and stakeholder interests.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Expands into Brazilian Market with FF Solutions Acquisition

Addnode Group’s Symetri division is expanding its market reach by acquiring FF Solutions (FFS) in Brazil, a major Autodesk partner known for its technology, consulting, and education solutions in the building, infrastructure, and manufacturing sectors. This acquisition provides Symetri with access to the Brazilian market, local talent, and an opportunity to introduce its productivity and sustainability solutions, furthering its growth journey in Latin America.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Reports Strong Q2 2025 Performance Amid Strategic Acquisitions

Addnode Group reported a strong performance in the second quarter of 2025, with a notable increase in EBITA and operating profit, partly driven by early contract renewals. The company completed several acquisitions, including Genus in Norway and operations in the USA, which are expected to enhance its market position and growth strategy. Despite a decrease in net sales due to currency effects and reclassification of agreements, the company’s divisions showed resilience with stable market trends and improved margins, particularly in the Process Management division. The group’s ongoing acquisition strategy and ability to adapt to market demands position it well for future growth, although economic and geopolitical uncertainties may impact customer investment decisions.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Expands U.S. Presence with Strategic Acquisition

Addnode Group’s subsidiary, Symetri, has acquired part of Repro Products, Inc. in the USA, enhancing its market position with a focus on Autodesk software solutions. This acquisition, based in Smyrna, Georgia, adds approximately 900 customers to Symetri’s global base, strengthening its presence in the AEC and manufacturing sectors. The acquisition will be consolidated into Addnode Group’s Design Management Division, reflecting the company’s strategy to expand its customer base and expertise in the U.S. market.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Expands U.S. Presence with TPM Acquisition

Addnode Group’s subsidiary, Symetri, has acquired a portion of TPM Inc. in the USA, enhancing its market position in the southeastern region. This acquisition, which involves software solutions based on Autodesk and Bluebeam, adds approximately 1,200 customers to Symetri’s base, now totaling around 21,000 globally. The move is expected to generate SEK 28 million in net sales for 2025, strengthening Addnode’s presence in the AEC and manufacturing sectors.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK100.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Completes Acquisition of Genus AS

Addnode Group has finalized the acquisition of the Norwegian No Code company Genus AS, with the transaction involving cash and the issuance of 2,024,442 new B shares. This acquisition is expected to enhance Addnode’s market position and expand its capabilities in digital solutions, with the new shares resulting in a slight dilution of the company’s share capital and voting rights.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group to Present Interim Report for January-June 2025

Addnode Group has announced an upcoming presentation of its interim report for January to June 2025, which will be led by President and CEO Johan Andersson and CFO Kristina Elfström Mackintosh. The presentation is scheduled for July 14, 2025, and will be available via audiocast and teleconference, offering stakeholders an opportunity to engage with the company’s leadership. This event reflects Addnode Group’s commitment to transparency and stakeholder engagement, potentially impacting investor confidence and market positioning.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.

Addnode Group Acquires Norwegian No Code Company Genus

Addnode Group has announced the acquisition of Genus AS, a Norwegian company known for its No Code platform aimed at banks, insurance companies, and the public sector. This acquisition, set to be completed by July 2025, will enhance Addnode Group’s Process Management division, bolstering its position in the Nordics with Genus’ scalable platform and strong customer relationships. The transaction involves a mix of cash and Class B shares, with potential additional payments based on Genus’ future financial performance. The acquisition is anticipated to positively impact Addnode Group’s earnings per share.

The most recent analyst rating on ($SE:ANOD.B) stock is a Buy with a SEK110.00 price target. To see the full list of analyst forecasts on Addnode Group AB Class B stock, see the SE:ANOD.B Stock Forecast page.