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Addnode Group AB Class B (SE:ANOD.B)
:ANOD.B

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

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Addnode Group AB Class B

(Frankfurt:ANOD.B)

Rating:75Outperform
Price Target:
kr120.00
▲(7.33%Upside)
Addnode Group AB's strong financial performance is the most significant factor driving the stock's score, highlighting its growth and profitability. Technical indicators also show positive momentum, though caution is advised due to potential overbought signals. The valuation suggests the stock may be overvalued, but the high dividend yield offers a compensating factor for income-seeking investors.

Addnode Group AB Class B (ANOD.B) vs. iShares MSCI Sweden ETF (EWD)

Addnode Group AB Class B Business Overview & Revenue Model

Company DescriptionAddnode Group AB Class B (ANOD.B) is a Swedish technology company specializing in digital solutions that drive transformation in various industries. The company operates through two main segments: Design Management and Product Lifecycle Management (PLM). It offers software and services that support clients in enhancing their operational efficiencies, improving design processes, and managing product information across the lifecycle. Addnode Group serves a broad range of sectors, including architecture, engineering, construction, manufacturing, and government.
How the Company Makes MoneyAddnode Group AB generates revenue primarily through the sale of software licenses, subscriptions, and consulting services. In its Design Management segment, the company provides software solutions for the architecture, engineering, and construction industries, helping clients to optimize design and construction processes. The Product Lifecycle Management segment focuses on software and services that aid in managing product data and lifecycle processes, particularly for the manufacturing sector. Revenue is also derived from maintenance contracts and support services. Significant partnerships with leading software providers and a strong presence in the Nordic region and other European markets contribute to Addnode Group's earnings.

Addnode Group AB Class B Financial Statement Overview

Summary
Addnode Group AB has shown strong financial performance with consistent revenue growth and improved margins. The balance sheet is robust with no debt, and cash flow generation is substantial despite some fluctuations in financing activities.
Income Statement
82
Very Positive
Addnode Group AB has demonstrated consistent revenue growth with a 4.65% increase from 2023 to 2024. The gross profit margin improved significantly, and the net profit margin rose to 5.18% in 2024, reflecting enhanced profitability. The EBIT and EBITDA margins also show healthy profitability levels, indicating effective cost management and operational efficiency.
Balance Sheet
85
Very Positive
The company shows a strong balance sheet with no debt in 2024, drastically improving from previous years. The equity ratio is robust at 28.65%, indicating a stable financial structure and a solid foundation for growth. The return on equity stands at a healthy 16.35%, showing efficient use of shareholders' equity to generate profit.
Cash Flow
77
Positive
Operating cash flow has shown a substantial increase, supporting a 73.52% growth in free cash flow from 2023 to 2024. The ratios of operating cash flow and free cash flow to net income suggest a strong cash generation capability relative to net income. However, fluctuations in financing activities could pose potential risks.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue6.81B7.76B7.41B6.22B4.08B3.81B
Gross Profit3.55B4.20B511.00M1.23B831.00M711.00M
EBITDA1.07B1.08B724.00M771.00M487.00M396.00M
Net Income372.00M402.00M279.00M382.00M223.00M163.00M
Balance Sheet
Total Assets8.02B8.58B7.20B6.20B4.32B3.82B
Cash, Cash Equivalents and Short-Term Investments680.00M674.00M667.00M600.00M406.00M644.00M
Total Debt0.001.73B1.67B1.07B776.00M828.00M
Total Liabilities5.56B6.12B5.08B4.19B2.63B2.31B
Stockholders Equity2.46B2.46B2.12B2.00B1.69B1.51B
Cash Flow
Free Cash Flow311.00M491.00M283.00M585.00M329.00M473.00M
Operating Cash Flow523.00M701.00M485.00M714.00M437.00M579.00M
Investing Cash Flow-512.00M-532.00M-672.00M-490.00M-398.00M-375.00M
Financing Cash Flow-247.00M-211.00M276.00M-63.00M-305.00M193.00M

Addnode Group AB Class B Technical Analysis

Technical Analysis Sentiment
Positive
Last Price111.80
Price Trends
50DMA
98.21
Positive
100DMA
100.62
Positive
200DMA
101.83
Positive
Market Momentum
MACD
4.18
Negative
RSI
76.73
Negative
STOCH
96.61
Negative
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 111.8 is above the 20-day moving average (MA) of 106.51, above the 50-day MA of 98.21, and above the 200-day MA of 101.83, indicating a bullish trend. The MACD of 4.18 indicates Negative momentum. The RSI at 76.73 is Negative, neither overbought nor oversold. The STOCH value of 96.61 is Negative, 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

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
kr15.50B41.3115.33%1.00%-13.25%26.07%
74
Outperform
kr5.35B56.9229.90%0.99%17.11%9.23%
72
Outperform
kr22.60B45.4128.15%0.57%9.26%-7.17%
67
Neutral
kr2.74B13.3918.16%2.33%1.45%3.17%
66
Neutral
€18.98B45.109.58%0.76%22.21%13.71%
63
Neutral
$34.04B6.14-11.52%1.82%5.53%-18.79%
60
Neutral
kr3.64B43.461.97%1.73%-9.43%-58.34%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:ANOD.B
Addnode Group AB Class B
116.00
-14.51
-11.12%
SE:KNOW
Knowit AB
132.40
-37.15
-21.91%
SE:LIME
Lime Technologies AB
404.50
54.62
15.61%
SE:PACT
Proact IT Group AB
105.80
-45.14
-29.90%
SE:TRUE.B
Truecaller AB Class B
66.65
31.98
92.21%
SE:VIT.B
Vitec Software Group AB Class B
493.40
-44.28
-8.24%

Addnode Group AB Class B Corporate Events

Addnode Group Expands U.S. Presence with TPM Acquisition
Jul 2, 2025

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
Jul 1, 2025

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
Jun 27, 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
May 28, 2025

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.

Addnode Group AB’s AGM Highlights Financial Decisions and New Incentive Plan
May 7, 2025

Addnode Group AB held its Annual General Meeting where key decisions included the adoption of financial statements and the discharge of the Board and CEO from liability for 2024. The meeting approved a dividend distribution and re-elected several board members while introducing new ones. A significant highlight was the introduction of a long-term performance share-based incentive plan (LTIP 2025) aimed at aligning the interests of shareholders with those of the executive management and key employees, promoting long-term value creation and aiding in recruitment and retention.

Addnode Group Announces Inaugural Capital Markets Day 2025
May 6, 2025

Addnode Group has announced its inaugural Capital Markets Day, scheduled for September 22, 2025, in Stockholm. The event aims to update stakeholders on the company’s development and strategic priorities, featuring presentations from the Group Management team. The event will be accessible both in-person and digitally, with priority given to major stakeholders if capacity is reached. This initiative reflects Addnode Group’s commitment to transparency and engagement with its investors and stakeholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jun 25, 2025