Addnode Group (ANOD-B) Fair Value & Analysis
Technology · SE · Market cap 4.9B SEK (≈ $514M) · ISIN SE0017885767
What is Addnode Group really worth?
Below-average quality, currently priced close to our fair value of kr 52.96.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 24 valuation models · updated 9 days ago
Share price +19.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The model range is unusually wide (kr 26.03 to kr 102.12). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range kr 35.15 – kr 127.40 · fair‑value band kr 26.03 – kr 102.12 · the kr 48.25 price screens below the kr 52.96 fair value. Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Addnode Group (ANOD-B) currently trades at kr 48.25, while our model-based Fair Value estimate is kr 52.96, implying the stock looks roughly 8.9% fairly valued today. The Quality Score stands at 40/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of kr 67.22 per share, and 12 of the 24 models we run sit above the kr 48.25 price. Bear case: the Growth DCF group reads lowest at kr 6.77, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Addnode Group generated revenue of 5.9B SEK at a net margin of 6.9%. Revenue grew 4.8% year over year. It earns a return on equity of 15.0%. Net debt stands at 2.7B SEK. Fundamentals as of Aug 27, 2026
Our scenario range runs from kr 26.03 (bear case) to kr 102.12 (bull case); at kr 48.25, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 61% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at 10%, ANOD-B screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 1.28 per share, which is 2.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Growth Earnings (kr 67.22) versus Growth DCF (kr 6.77). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 26
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
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 internationally.
Full 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 internationally. It operates through three segments: Design Management, Product Lifecycle Management (PLM), and Process Management. The Design Management segment offers digital solutions and services for design, building information modelling, and product data for architects and engineers in the construction and manufacturing industries, as well as project collaboration and facility management solutions. The Product Lifecycle Management segment provides idea, design, simulation and construction, sale, aftermarket, and recycling solutions for digitalizing a product or facility lifecycle to customers in telecom, manufacturing, automotive, construction, civil engineering, pharmaceuticals, life sciences, retail, and energy production industries. The Process Management segment offers solutions for document and case management; e-archiving; digital citizen services; and geographic information systems, as well as mobile services for healthcare and nursing staffs for the public sector. The company was incorporated in 1987 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Addnode Group reported revenue of 5.8B SEK in FY2025 versus 4.1B SEK in FY2021, a compound +9.2%/yr. Reported net income was 384M SEK in FY2025, compounding +14.6%/yr from FY2021.
of which total revenue +15.6 % · buybacks/dilution −1.2 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Information Technology Services · 488 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Information Technology Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.59 | $175.76 | −25% |
| Accenture plc ACN | $189.61 | $334.27 | +76% |
| Tata Consultancy Services Limited TCS | ₹2,302 | ₹3,473 | +51% |
| Infosys Limited INFY | ₹1,156 | ₹1,958 | +69% |
| HCL Technologies Limited HCLTECH | ₹1,282 | ₹1,722 | +34% |
| Fiserv, Inc FI | C$5.13 | C$8.07 | +57% |
| Wipro Limited WIT | $1.83 | $3.51 | +92% |
| Fidelity National Information Services, Inc FIS | $41.34 | $19.28 | −53% |
| Cognizant Technology Solutions Corporation CTSH | $64.04 | $132.01 | +106% |
| Capgemini SE CAP | €109.45 | €222.79 | +104% |
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