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Addnode Group AB Class B
(ANOD.B)
Select Model
Select Model
Rating:64Neutral
Price Target:
kr70.00
▲(53.68% Upside)
Action:Reiterated
Date:10/27/26
The score is driven primarily by solid profitability and improved recent free cash flow, tempered by higher leverage and volatile revenue/margins. Technicals show a strong uptrend but with clearly overbought signals (RSI/Stoch), increasing near-term reversal risk. Valuation provides limited support given the P/E (~23.6) and modest dividend yield (~1.75%).
Positive Factors
Solid Profitability
Healthy operating and net margins show that Addnode converts customer demand into meaningful earnings across its software and services activities. Resilient TTM net income despite volatile revenue indicates an established operating base that can support reinvestment and ongoing customer delivery.
Negative Factors
Higher Leverage
The substantial increase in debt relative to equity leaves Addnode with less balance-sheet flexibility than in 2022. Higher leverage can increase financial pressure if earnings weaken, while debt service and refinancing needs may constrain investment choices during a softer operating period.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid Profitability
Healthy operating and net margins show that Addnode converts customer demand into meaningful earnings across its software and services activities. Resilient TTM net income despite volatile revenue indicates an established operating base that can support reinvestment and ongoing customer delivery.
Read all positive factors
Addnode Group AB Class B (ANOD.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr9.00B
Dividend Yield1.75%
Average Volume (3M)492.17K
Price to Earnings (P/E)23.6
Beta (1Y)0.57
Revenue Growth4.71%
EPS Growth-1.34%
CountrySE
Employees2,988
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)2.79
Shares Outstanding132,603,970
10 Day Avg. Volume573,554
30 Day Avg. Volume492,167
Financial Highlights & Ratios
PEG Ratio-6.80
Price to Book (P/B)4.75
Price to Sales (P/S)2.24
P/FCF Ratio84.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.57
Revenue Forecast (FY)kr6.03B
Addnode Group AB Class B Business Overview & Revenue Model
Company Description
Addnode Group AB (publ) offers software and services for the design, construction, product data information, project collaboration, and facility management in Sweden, Nordic countries, the United States, the United Kingdom, Germany, and internatio...
How the Company Makes Money
Addnode Group makes money primarily by selling and delivering software-related solutions and services across its business areas. Key revenue streams include: (1) Software licensing and subscriptions: revenue from supplying software (including thir...
Addnode Group AB Class B Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.98B | 5.79B | 7.76B | 7.41B | 6.22B | 4.08B |
| Gross Profit | 2.63B | 737.00M | 4.20B | 511.00M | 1.32B | 832.00M |
| EBITDA | 1.13B | 1.12B | 1.08B | 724.00M | 845.00M | 547.00M |
| Net Income | 379.00M | 384.00M | 402.00M | 279.00M | 382.00M | 223.00M |
Balance Sheet | ||||||
| Total Assets | 9.53B | 9.80B | 8.58B | 7.20B | 6.20B | 4.32B |
| Cash, Cash Equivalents and Short-Term Investments | 792.00M | 625.00M | 674.00M | 667.00M | 600.00M | 406.00M |
| Total Debt | 3.43B | 3.09B | 1.73B | 1.67B | 1.07B | 776.00M |
| Total Liabilities | 6.47B | 7.07B | 6.12B | 5.08B | 4.19B | 2.63B |
| Stockholders Equity | 3.06B | 2.73B | 2.46B | 2.12B | 2.00B | 1.69B |
Cash Flow | ||||||
| Free Cash Flow | 525.00M | 153.00M | 491.00M | 283.00M | 585.00M | 329.00M |
| Operating Cash Flow | 759.00M | 430.00M | 701.00M | 485.00M | 714.00M | 437.00M |
| Investing Cash Flow | -1.19B | -1.69B | -532.00M | -672.00M | -490.00M | -398.00M |
| Financing Cash Flow | 839.00M | 1.29B | -211.00M | 276.00M | -63.00M | -305.00M |
Addnode Group AB Class B Technical Analysis
Positive
45.55
Price Trends
51.30
Positive
46.03
Positive
54.94
Positive
Market Momentum
4.13
Negative
80.14
Negative
89.73
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 45.55 is below the 20-day moving average (MA) of 56.83, below the 50-day MA of 51.30, and below the 200-day MA of 54.94, indicating a bullish trend. The MACD of 4.13 indicates Negative momentum. The RSI at 80.14 is Negative, neither overbought nor oversold. The STOCH value of 89.73 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | kr3.78B | 16.24 | 21.32% | 1.73% | 3.73% | 55.91% | |
68 Neutral | kr1.53B | 24.15 | 11.71% | 1.67% | 9.08% | -14.10% | |
66 Neutral | kr1.01B | 13.59 | 26.03% | 7.05% | 10.87% | -1.59% | |
64 Neutral | kr9.00B | 23.62 | 13.08% | 1.75% | 4.71% | -1.34% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | kr3.21B | -11.65 | -7.43% | 2.05% | -5.94% | -382.16% | |
46 Neutral | kr2.13B | -2.69 | ― | 1.15% | 2.94% | 83.00% |
* Technology Sector Average
SE:ANOD.B
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Addnode Group AB Class B Corporate Events
Addnode Group Delivers Strong Q3 on AI-Driven Growth and Public-Sector Wins
Oct 23, 2026
Addnode Group reported a strong third quarter in 2026, with net sales rising 10 percent to SEK 1,438 million and EBITA jumping to SEK 250 million, lifting the EBITA margin to 17.4 percent. Earnings, cash flow from operating activities, and profita...
Addnode Group Sets October 23 Presentation for Q3 2026 Interim Report
Oct 12, 2026
Addnode Group has invited investors, analysts, and media to an English-language presentation of its interim report for January to September 2026, to be held via audiocast and teleconference on Friday, October 23, 2026, at 09:30 AM CEST. The interi...
Addnode Group’s Symetri Buys AI-Driven Facility Management Platform SpaceIntel
Aug 18, 2026
Addnode Group’s design management subsidiary Symetri has acquired the operations of SpaceIntel, a U.S.-based AI-enabled facility management software platform. SpaceIntel’s technology allows organizations to manage facilities, equipment...
Addnode Group lands SEK 100 million digital case management deal with City of Stockholm
Aug 17, 2026
Addnode Group’s Process Management division, through its subsidiary Sokigo, has secured a 10-year case management contract with the City of Stockholm worth about SEK 100 million, one of the largest municipal deals in its portfolio. The platf...
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.