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

• Market Cap: kr11.49B
• Dividend Yield: 1.15%
• Average Volume (3M): 174.39K
• Price to Earnings (P/E): 30.6
• Beta (1Y): 0.42
• Revenue Growth: -13.25%
• EPS Growth: 26.07%
• Country: SE
• Employees: 2,710
• Sector: Technology
• Sector Strength: 67
• Industry: Information Technology Services
• EPS (TTM): 2.79
• Shares Outstanding: 130,579,530
• 10 Day Avg. Volume: 272,515
• 30 Day Avg. Volume: 174,393
• PEG Ratio: 1.17
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: kr99.90
• Price Target Upside: 16.98% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Addnode Group AB's overall stock score reflects strong financial performance with robust growth and profitability. However, the technical analysis indicates a bearish trend, and the stock's high valuation suggests potential overvaluation risks. The absence of recent earnings call insights or corporate events means there are no additional factors affecting the score.

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 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's financial performance in 2024 reflects strong growth and profitability, with a solid balance sheet and robust cash flow generation. The company's strategic management of debt and equity has positioned it well for future opportunities, though attention to financing activities is advised to mitigate potential risks.

Income Statement

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

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

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.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
7.76B	7.41B	6.22B	4.08B	3.81B
	Gross Profit
4.20B	511.00M	1.23B	831.00M	711.00M
	EBIT
598.00M	424.00M	527.00M	305.00M	229.00M
	EBITDA
1.01B	724.00M	771.00M	487.00M	396.00M
	Net Income Common Stockholders
402.00M	279.00M	382.00M	223.00M	163.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
674.00M	667.00M	600.00M	406.00M	644.00M
	Total Assets
8.58B	7.20B	6.20B	4.32B	3.82B
	Total Debt
1.73B	1.67B	1.07B	776.00M	828.00M
	Net Debt
1.05B	1.00B	469.00M	370.00M	184.00M
	Total Liabilities
6.12B	5.08B	4.19B	2.63B	2.31B
	Stockholders Equity
2.46B	2.12B	2.00B	1.69B	1.51B
Cash Flow		Free Cash Flow
491.00M	283.00M	585.00M	329.00M	473.00M
	Operating Cash Flow
701.00M	485.00M	714.00M	437.00M	579.00M
	Investing Cash Flow
-532.00M	-672.00M	-490.00M	-398.00M	-375.00M
	Financing Cash Flow
-211.00M	276.00M	-63.00M	-305.00M	193.00M

Addnode Group AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 85.40
• 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 85.4 is below the 20-day moving average (MA) of 89.50, below the 50-day MA of 96.92, and below the 200-day MA of 102.25, indicating a bearish trend. The MACD of -3.95 indicates Positive momentum. The RSI at 41.76 is Neutral, neither overbought nor oversold. The STOCH value of 19.55 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
LIME	74 Outperform	kr5.05B	53.74	29.90%	0.89%	17.11%	9.23%
PACT	72 Outperform	€3.05B	14.34	18.16%	1.61%	1.45%	3.17%
TRUE.B	71 Outperform	kr25.92B	50.33	31.81%	0.51%	7.77%	3.95%
VIT.B	66 Neutral	kr17.40B	41.35	9.58%	0.65%	22.21%	13.71%
Sector *	60 Neutral	$10.94B	10.37	-6.73%	2.98%	7.75%	-12.61%
KNOW	60 Neutral	kr3.80B	46.08	1.97%	2.56%	-9.43%	-58.34%
ANOD.B	59 Neutral	kr11.49B	30.62	15.33%	1.15%	-13.25%	26.07%

Addnode Group AB Class B Corporate Events

Addnode Group AB’s AGM Highlights Financial Decisions and New Incentive Plan

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

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.