ANOD-B Stock Analysis: Addnode (publ) | ST
Information Technology Services | ST, Sweden | Market Cap: 6.832m SEK | 12M Return: -47.9% | SE0017885767 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.9M
EPS Trend: 71.3%
Qual. Beats: -1
Rev. Trend: -79.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Addnode Group AB (publ) is a Sweden-based software and services provider that operates across Sweden, the Nordics, the United States, the United Kingdom, Germany, and other international markets. The company was founded in 1987 and is headquartered in Stockholm.
The business is organized into three reporting segments: Design Management, Product Lifecycle Management (PLM), and Process Management. Addnode serves both private-sector industries (such as construction, manufacturing, automotive, telecom, pharmaceuticals, life sciences, retail, and energy) and public-sector clients through digital citizen services, geographic information systems, and mobile solutions for healthcare and nursing staff.
The companys offerings include building information modelling (BIM), digital design tools, product lifecycle digitization, document and case management, e-archiving, and project collaboration and facility management solutions.
As a small-cap Information Technology company classified under IT Consulting & Other Services, Addnode operates as a serial-acquisition-driven consolidator in the European and U.S. enterprise and public-sector software markets, a business model common in fragmented niche software industries where smaller regional providers are rolled up into a larger group.
- Acquisition-driven growth strategy in Europe and US expands market reach
- Public sector digitalization drives Process Management demand
- Automotive and manufacturing PLM demand sensitive to Nordic capex cycles
- North American Autodesk reselling operations exposed to construction sector slowdown
| Net Income: 324.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 2.78 > 1.0 |
| NWC/Revenue: -1.67% < 20% (prev -16.31%; Δ 14.63% < -1%) |
| CFO/TA 0.07 > 3% & CFO 685.0m > Net Income 324.0m |
| Net Debt (2.68b) to EBITDA (1.07b): 2.50 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.6m) vs 12m ago 1.52% < -2% |
| Gross Margin: 43.54% > 18% (prev 73.92%; Δ -30.38% > 0.5%) |
| Asset Turnover: 67.13% > 50% (prev 78.70%; Δ -11.57% > 0%) |
| Interest Coverage Ratio: 2.92 > 6 (EBIT TTM 613.0m / Interest Expense TTM 210.0m) |
| A: -0.01 (Total Current Assets 2.99b - Total Current Liabilities 3.09b) / Total Assets 9.49b |
| B: 0.18 (Retained Earnings 1.70b / Total Assets 9.49b) |
| C: 0.07 (EBIT TTM 613.0m / Avg Total Assets 8.72b) |
| D: 0.43 (Book Value of Equity 2.84b / Total Liabilities 6.64b) |
| Altman-Z'' = 1.44 = BB |
| DSRI: 1.40 (Receivables 955.0m/730.0m, Revenue 5.86b/6.26b) |
| GMI: 1.70 (GM 73.92% / 43.54%) |
| AQI: 1.12 (AQ_t 0.66 / AQ_t-1 0.59) |
| SGI: 0.94 (Revenue 5.86b / 6.26b) |
| TATA: -0.04 (NI 324.0m - CFO 685.0m) / TA 9.49b) |
| Beneish M = -2.05 (Cap -4..+1) = BB |
As of October 08, 2026, the stock is trading at SEK 51.70 with a total of 277,273 shares traded. Over the past week, the price has changed by +3.82%, over one month by +7.26%, over three months by +16.05% and over the past year by -47.87%.
Current recommended Stop Loss: 48.90 (which is 5.4% or 1.5 ATR below the current price).
Addnode (publ) has no consensus analysts rating.
P/E Trailing = 21.0
P/E Forward = 17.762
P/S = 1.1667
P/B = 2.4213
Revenue TTM = 5.86b SEK
EBIT TTM = 613.0m SEK
EBITDA TTM = 1.07b SEK
Long Term Debt = 2.97b SEK (from longTermDebt, last fiscal year)
Short Term Debt = 126.0m SEK (from shortTermDebt, last quarter)
Debt = 3.38b SEK (from shortLongTermDebtTotal, last quarter) + Leases 233.0m
Net Debt = 2.68b SEK (calculated: Debt 3.38b - CCE 701.0m)
Enterprise Value = 9.51b SEK (6.83b + Debt 3.38b - CCE 701.0m)
Interest Coverage Ratio = 2.92 (Ebit TTM 613.0m / Interest Expense TTM 210.0m)
EV/FCF = 24.46x (Enterprise Value 9.51b / FCF TTM 389.0m)
FCF Yield = 4.09% (FCF TTM 389.0m / Enterprise Value 9.51b)
FCF Margin = 6.64% (FCF TTM 389.0m / Revenue TTM 5.86b)
Net Margin = 5.53% (Net Income TTM 324.0m / Revenue TTM 5.86b)
Gross Margin = 43.54% ((Revenue TTM 5.86b - Cost of Revenue TTM 3.31b) / Revenue TTM)
Gross Margin QoQ = 4.00% (prev 78.51%)
Tobins Q-Ratio = 1.00 (Enterprise Value 9.51b / Total Assets 9.49b)
Interest Expense / Debt = 6.21% (Interest Expense 210.0m / Debt 3.38b)
Taxrate = 24.65% (106.0m / 430.0m)
NOPAT = 461.9m (EBIT 613.0m * (1 - 24.65%))
Current Ratio = 0.97 (Total Current Assets 2.99b / Total Current Liabilities 3.09b)
Debt / Equity = 1.19 (Debt 3.38b / totalStockholderEquity, last quarter 2.84b)
Debt / EBITDA = 2.50 (Net Debt 2.68b / EBITDA 1.07b)
Debt / FCF = 6.90 (Net Debt 2.68b / FCF TTM 389.0m)
Total Stockholder Equity = 2.79b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.71% (Net Income 324.0m / Total Assets 9.49b)
RoE = 11.60% (Net Income TTM 324.0m / Total Stockholder Equity 2.79b)
RoCE = 10.63% (EBIT 613.0m / Capital Employed (Equity 2.79b + L.T.Debt 2.97b))
RoIC = 7.41% (NOPAT 461.9m / Invested Capital 6.23b)
WACC = 6.44% (E(6.83b)/V(10.2b) * Re(7.32%) + D(3.38b)/V(10.2b) * Rd(6.21%) * (1-Tc(0.25)))
Discount Rate = 7.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 85.16 | Cagr: 0.72%
[DCF] Terminal Value 77.97% ; FCFF base≈275.4m ; Y1≈315.7m ; Y5≈464.6m
[DCF] Fair Price = 32.74 (EV 6.99b - Net Debt 2.68b = Equity 4.31b / Shares 131.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 71.29 | EPS CAGR: 10.39% | SUE: -1.38 | # QB: -1
Revenue Correlation: -79.64 | Revenue CAGR: -12.14% | SUE: -0.07 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.44 | Chg30d=-3.17% | Revisions=-40% | Analysts=2
EPS current Year (2026-12-31): EPS=2.35 | Chg30d=-21.04% | Revisions=-62% | GrowthEPS=-18.0% | GrowthRev=+3.7%
EPS next Year (2027-12-31): EPS=3.38 | Chg30d=-11.70% | Revisions=-62% | GrowthEPS=+43.6% | GrowthRev=+4.4%
[Analyst] Revisions Ratio: -80% (up=0, down=12)