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

• Market Cap: €14.72B
• Dividend Yield: 1.12%
• Average Volume (3M): 144.86K
• Price to Earnings (P/E): 38.0
• Beta (1Y): 0.57
• Revenue Growth: -31.59%
• EPS Growth: 0.21%
• Country: SE
• Employees: 2,710
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 0.40
• Shares Outstanding: 132,603,970
• 10 Day Avg. Volume: 104,838
• 30 Day Avg. Volume: 144,859
• PEG Ratio: 0.77
• Price to Book (P/B): 5.63
• Price to Sales (P/S): 1.78
• P/FCF Ratio: 28.19
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: kr117.00 ▲(13.59% Upside)

The overall stock score of 60 reflects a balance of strong profitability and a stable balance sheet against the backdrop of negative revenue and cash flow growth. Technical indicators suggest a neutral market position, while valuation metrics indicate the stock may be overvalued. The absence of earnings call data and corporate events means these factors do not influence the score.

Addnode Group AB Class B Business Overview & Revenue Model

Company Description

Addnode Group AB Class B (ANOD.B) is a Swedish company specializing in software and services for the architecture, engineering, and construction (AEC) sectors, as well as product lifecycle management (PLM) and digital solutions. The company operates through several subsidiaries that provide innovative tools and services designed to enhance productivity and collaboration in these industries. Addnode Group focuses on creating value through digitalization and sustainable solutions, addressing the specific needs of professionals in design and construction.

How the Company Makes Money

Addnode Group generates revenue primarily through the sale of software licenses, subscription services, and consulting services related to its core products in the AEC and PLM sectors. The company has a diverse revenue model that includes recurring revenue from software subscriptions, one-time fees from software licenses, and project-based income from consulting and implementation services. Additionally, strategic partnerships with key players in the technology and construction sectors help enhance its offerings, drive customer acquisition, and expand its market reach, contributing significantly to its earnings.

Addnode Group AB Class B Financial Statement Overview

Summary

Addnode Group AB Class B demonstrates strong profitability with a solid gross profit margin and healthy EBIT and EBITDA margins. The balance sheet is robust with a strong return on equity. However, negative revenue growth and significantly declining free cash flow growth are major concerns that weigh down the financial performance score.

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: Negative
• Last Price: 103.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ANOD.B, the sentiment is Negative. The current price of 103 is below the 20-day moving average (MA) of 109.91, below the 50-day MA of 110.03, and below the 200-day MA of 105.85, indicating a bearish trend. The MACD of -1.51 indicates Positive momentum. The RSI at 36.50 is Neutral, neither overbought nor oversold. The STOCH value of 5.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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
EXS	68 Neutral	€2.10B	28.59	15.90%	1.14%	10.92%	-2.56%
SOF.B	66 Neutral	€1.19B	15.79	―	6.04%	4.00%	-12.19%
PACT	63 Neutral	kr2.69B	17.08	14.35%	2.37%	-4.36%	-31.55%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KNOW	61 Neutral	€3.20B	32.71	2.38%	3.38%	-9.85%	-38.24%
ANOD.B	60 Neutral	€14.72B	38.04	15.34%	1.12%	-31.59%	0.21%
DUST	49 Neutral	kr2.59B	-0.55	―	―	-5.00%	-1757.14%

Addnode Group AB Class B Corporate Events

Addnode Group Announces New Nomination Committee

Addnode Group AB has announced the appointment of its Nomination Committee following the decision made at the Annual General Meeting on May 7, 2025. The committee, which includes representatives from major stakeholders, will remain in place until the next AGM in 2026. This move is part of Addnode Group’s governance process, ensuring stakeholder representation and continuity in leadership as the company continues its growth and expansion in the digitalization sector.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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 Solidcad, Expands Presence in North America

Addnode Group has completed the acquisition of Solidcad, a market leader in digital solutions for Canada’s design, construction, and manufacturing industries. This acquisition, which will be consolidated under Addnode’s Division Design Management, is expected to positively impact the company’s earnings per share. Solidcad, an Autodesk Platinum Partner, is projected to achieve net sales of SEK 280 million in 2025, with an EBITA of SEK 120 million, enhancing Addnode Group’s market presence in North and Latin America.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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 Q3 2025 Results Amid Strategic Acquisitions and AI Investments

Addnode Group AB reported a 29% decrease in net sales for the third quarter of 2025, impacted by currency effects and restructuring costs. Despite this, the company maintained a stable market position, with significant acquisition activity, including the purchase of Solidcad in Canada and X10D Solutions in Sweden, which are expected to bolster its global footprint and profitability. The company is also investing in AI and product development, aiming to double its EBITA within five years, reflecting a strategic focus on growth and efficiency improvements.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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 Credit Facility to Bolster Growth

Addnode Group has extended its credit facility by SEK 1,100 million, bringing the total to SEK 3,700 million, with Nordea, SEB, and AB Svensk Exportkredit. This extension, which includes more favorable interest terms, will support the company’s strategy and financial targets, enhancing its capacity to manage, acquire, and develop digital solutions businesses. This move is expected to strengthen Addnode Group’s market position and operational capabilities, aligning with global trends in digitalization and sustainability.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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-September 2025

Addnode Group has announced an invitation to a presentation of its interim report for January to September 2025, which will be led by President and CEO Johan Andersson and CFO Kristina Elfström Mackintosh. The presentation, scheduled for October 24, 2025, will provide insights into the company’s performance and future prospects, with opportunities for stakeholders to engage through a Q&A session.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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 Nordic Presence with X10D Solutions Acquisition

Addnode Group AB, through its division Technia, has announced the acquisition of X10D Solutions, a Swedish company specializing in enhancing product development processes with Dassault Systèmes software. This strategic acquisition aims to strengthen Addnode’s capabilities in the Nordics by integrating X10D’s expertise in advanced PLM and system integration, thereby expanding their software and services to a broader customer base across various industries. The acquisition is expected to close in November 2025, subject to completion conditions.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK113.00 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 Canada with SolidCAD Acquisition

Addnode Group AB’s subsidiary, Symetri, has acquired SolidCAD, a leading Autodesk Platinum Partner in Canada, to expand its presence in the Americas. This strategic acquisition aims to capitalize on Canada’s strong manufacturing base and growing demand for digital transformation in the AECO sectors, enhancing Symetri’s market position and shareholder value.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK116.00 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 Announces Agenda for Capital Markets Day 2025

Addnode Group AB has announced the agenda for its upcoming Capital Markets Day on September 22, 2025, in Stockholm. The event aims to update stakeholders on the company’s development and strategic priorities, featuring presentations from key executives on growth strategies and division overviews. The event will also include product demonstrations and is primarily targeted at major owners, financial analysts, investors, and financial media.

The most recent analyst rating on ($SE:ANOD.B) stock is a Hold with a SEK112.00 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.