View Future Growthadesso 過去の業績過去 基準チェック /46adessoの収益は年間平均-39%の割合で減少していますが、 IT業界の収益は年間 増加しています。収益は年間7.1% 19.9%割合で 増加しています。 adessoの自己資本利益率は9.1%であり、純利益率は1.2%です。主要情報-39.00%収益成長率-39.97%EPS成長率IT 業界の成長13.97%収益成長率19.94%株主資本利益率9.06%ネット・マージン1.22%次回の業績アップデート11 May 2026最近の業績更新お知らせ • Nov 20+ 3 more updatesadesso SE to Report Fiscal Year 2025 Results on Mar 31, 2026adesso SE announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Nov 25+ 3 more updatesadesso SE to Report Q3, 2025 Results on Nov 12, 2025adesso SE announced that they will report Q3, 2025 results on Nov 12, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €1.67 (vs €0.85 in 3Q 2023)Third quarter 2024 results: EPS: €1.67 (up from €0.85 in 3Q 2023). Revenue: €343.6m (up 19% from 3Q 2023). Net income: €10.9m (up 96% from 3Q 2023). Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 15Second quarter 2024 earnings released: €1.02 loss per share (vs €1.18 loss in 2Q 2023)Second quarter 2024 results: €1.02 loss per share (improved from €1.18 loss in 2Q 2023). Revenue: €323.4m (up 19% from 2Q 2023). Net loss: €6.66m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.Reported Earnings • May 13First quarter 2024 earnings released: €0.49 loss per share (vs €0.28 profit in 1Q 2023)First quarter 2024 results: €0.49 loss per share (down from €0.28 profit in 1Q 2023). Revenue: €324.8m (up 17% from 1Q 2023). Net loss: €3.20m (down 278% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.49 (down from €4.40 in FY 2022). Revenue: €1.15b (up 28% from FY 2022). Net income: €3.21m (down 89% from FY 2022). Profit margin: 0.3% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.すべての更新を表示Recent updatesお知らせ • Apr 27adesso SE, Annual General Meeting, Jun 03, 2026adesso SE, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time.お知らせ • Mar 03adesso SE announces Annual dividend, payable on June 08, 2026adesso SE announced Annual dividend of EUR 0.7800 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026.お知らせ • Nov 20+ 3 more updatesadesso SE to Report Fiscal Year 2025 Results on Mar 31, 2026adesso SE announced that they will report fiscal year 2025 results on Mar 31, 2026お知らせ • Apr 24adesso SE, Annual General Meeting, Jun 03, 2025adesso SE, Annual General Meeting, Jun 03, 2025, at 10:00 W. Europe Standard Time.お知らせ • Feb 22+ 1 more updateadesso SE Provides Earnings Guidance for the Year 2025adesso SE provided earnings guidance for the year 2025. For the year, the company expects sales between EUR 1.35 billion and 1.45 billion.お知らせ • Nov 25+ 3 more updatesadesso SE to Report Q3, 2025 Results on Nov 12, 2025adesso SE announced that they will report Q3, 2025 results on Nov 12, 2025Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €1.67 (vs €0.85 in 3Q 2023)Third quarter 2024 results: EPS: €1.67 (up from €0.85 in 3Q 2023). Revenue: €343.6m (up 19% from 3Q 2023). Net income: €10.9m (up 96% from 3Q 2023). Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.New Risk • Sep 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).Buy Or Sell Opportunity • Sep 14Now 24% overvaluedOver the last 90 days, the stock has fallen 37% to €60.00. The fair value is estimated to be €48.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Aug 15Second quarter 2024 earnings released: €1.02 loss per share (vs €1.18 loss in 2Q 2023)Second quarter 2024 results: €1.02 loss per share (improved from €1.18 loss in 2Q 2023). Revenue: €323.4m (up 19% from 2Q 2023). Net loss: €6.66m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).Buy Or Sell Opportunity • Aug 05Now 31% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to €74.90. The fair value is estimated to be €108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Jun 18Price target decreased by 7.4% to €162Down from €175, the current price target is an average from 5 analysts. New target price is 68% above last closing price of €96.40. Stock is down 21% over the past year. The company is forecast to post earnings per share of €3.81 for next year compared to €0.49 last year.Upcoming Dividend • May 29Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 05 June 2024. Payment date: 07 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.2%).New Risk • May 23New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).Reported Earnings • May 13First quarter 2024 earnings released: €0.49 loss per share (vs €0.28 profit in 1Q 2023)First quarter 2024 results: €0.49 loss per share (down from €0.28 profit in 1Q 2023). Revenue: €324.8m (up 17% from 1Q 2023). Net loss: €3.20m (down 278% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.New Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.49 (down from €4.40 in FY 2022). Revenue: €1.15b (up 28% from FY 2022). Net income: €3.21m (down 89% from FY 2022). Profit margin: 0.3% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.Declared Dividend • Feb 26Dividend increased to €0.70Dividend of €0.70 is 7.7% higher than last year. Ex-date: 5th June 2024 Payment date: 7th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%.お知らせ • Nov 19adesso SE to Report Fiscal Year 2023 Results on Mar 25, 2024adesso SE announced that they will report fiscal year 2023 results on Mar 25, 2024お知らせ • Nov 18+ 1 more updateadesso SE to Report Q1, 2024 Results on May 15, 2024adesso SE announced that they will report Q1, 2024 results on May 15, 2024Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: €0.85 (vs €2.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.85 (down from €2.01 in 3Q 2022). Revenue: €296.3m (up 23% from 3Q 2022). Net income: €5.57m (down 58% from 3Q 2022). Profit margin: 1.9% (down from 5.4% in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Oct 06+ 1 more updateadesso SE Announces CEO ChangesThe Supervisory Board of adesso SE has appointed Mark Lohweber (54) as the successor to CEO Michael Kenfenheuer (65), who will be leaving the company at the end of 2023. Lohweber has been a member of the Executive Board of adesso SE since July 2023 and has successively taken over Kenfenheuer's areas of responsibility. In the Executive Board, he is responsible for the Banking and Insurance sectors as well as the Corporate Account Management. In addition, he is responsible for major subsidiaries such as adesso insurance solutions GmbH, Afida GmbH, adesso banking solutions GmbH and WEPEX GmbH. adesso SE and Lohweber know each other well thanks to various management positions he has held within adesso from 2007 to 2021. Before being appointed as a Member of the Executive Board of adesso SE in July, the skilled banker and law graduate was CEO of CoCoNet AG. As a member of the Executive Board since 2000, Kenfenheuer has successfully shaped the development of adesso into a leading IT group. From 2011 to 2015, he was Co-Chairman of the Executive Board and subsequently took over as CEO.Reported Earnings • Aug 16Second quarter 2023 earnings released: €1.18 loss per share (vs €0.29 loss in 2Q 2022)Second quarter 2023 results: €1.18 loss per share (further deteriorated from €0.29 loss in 2Q 2022). Revenue: €276.5m (up 36% from 2Q 2022). Net loss: €7.69m (loss widened 307% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Buying Opportunity • Aug 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.お知らせ • Jun 20adesso SE Announces Board ChangesThe Supervisory Board of adesso SE has appointed Mark Lohweber (54) as an additional member to the IT service provider's Executive Board as of 1 July 2023. Lohweber will take over responsibility for the core industries insurance and banking from long-time CEO Michael Kenfenheuer (65), who will step down from the adesso Executive Board after completing his Executive Board contract, which was extended to cover the period from 2022 to the end of 2023. The 54-year-old worked for adesso from 2007 to 2021, holding various management positions and helping drive the company's strong growth. His main areas of expertise are financial services, digitalisation and sales. He is familiar with the challenges facing growth-oriented companies and the tasks ahead of the banking and insurance industries, for which he will be responsible. Lohweber has spent the past two years as CEO of CoCoNet AG, a leading European fintech, where he was in charge of the firm's strategic realignment. In his new role as a member of the adesso SE Executive Board, Lohweber will also oversee key product companies in the adesso Group, including the product subsidiary adesso insurance solutions GmbH and adesso banking solutions GmbH, as well as corporate account management at adesso SE.Buying Opportunity • May 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 26% per annum over the same time period.Upcoming Dividend • May 26Upcoming dividend of €0.65 per share at 0.5% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%).Reported Earnings • May 21First quarter 2023 earnings released: EPS: €0.28 (vs €1.92 in 1Q 2022)First quarter 2023 results: EPS: €0.28 (down from €1.92 in 1Q 2022). Revenue: €280.0m (up 33% from 1Q 2022). Net income: €1.79m (down 86% from 1Q 2022). Profit margin: 0.6% (down from 5.9% in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.お知らせ • Feb 17adesso SE (XTRA:ADN1) signed an agreement to acquire 51% stake in Wepex GmbH.adesso SE (XTRA:ADN1) signed an agreement to acquire 51% stake in Wepex GmbH on February 16, 2023. WEPEX GmbH’s current managing partners, Arno Radermacher, Frank Thole and Oliver Schlicht, will continue in their roles and work with adesso. The 30 securities experts at WEPEX will now join the banking segment of the adesso Group. Wepex GmbH generated revenue of 5 million in 2022. The transaction is expected to close in the first quarter of 2023.お知らせ • Jan 20adesso SE (XTRA:ADN1) acquired WebScience Srl.adesso SE (XTRA:ADN1) acquired WebScience Srl on January 19, 2023. WebScience recorded sales of €10 million past year. The management of WebScience, comprising the company founders Stefano Mainetti, Francesco Micotti and Massimo Ficagna, will take over the management of adesso Italia in the future. Andrea Buzzi, previously Country Manager at adesso Italia and Lugano Site Manager in Switzerland, will become a member of the Management Board of adesso Italia as a representative of the parent company. In this function, Buzzi will oversee the integration of WebScience respectively the still young adesso Italia into the Europe-wide adesso Group. WebScience’s presence in Milan at Viale Edoardo Jenner 51 will be made into the new headquarter for adesso Italia.adesso SE (XTRA:ADN1) completed the acquisition of WebScience Srl on January 19, 2023. Antonio Scarabosio and Andrea Bianchini of Clairfield International acted as financial advisor to adesso SE in the transaction.お知らせ • Nov 18+ 4 more updatesadesso SE to Report Q1, 2023 Results on May 15, 2023adesso SE announced that they will report Q1, 2023 results on May 15, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €2.01 (vs €1.86 in 3Q 2021)Third quarter 2022 results: EPS: €2.01 (up from €1.86 in 3Q 2021). Revenue: €259.9m (up 50% from 3Q 2021). Net income: €13.1m (up 14% from 3Q 2021). Profit margin: 5.1% (down from 6.6% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 16Price target decreased to €203Down from €224, the current price target is an average from 4 analysts. New target price is 56% above last closing price of €130. Stock is down 31% over the past year. The company is forecast to post earnings per share of €5.09 for next year compared to €7.65 last year.Price Target Changed • Aug 20Price target decreased to €208Down from €224, the current price target is an average from 4 analysts. New target price is 58% above last closing price of €131. Stock is down 22% over the past year. The company is forecast to post earnings per share of €5.07 for next year compared to €7.65 last year.Reported Earnings • Aug 17Second quarter 2022 earnings released: €0.29 loss per share (vs €1.12 profit in 2Q 2021)Second quarter 2022 results: €0.29 loss per share (down from €1.12 profit in 2Q 2021). Revenue: €202.6m (up 27% from 2Q 2021). Net loss: €1.89m (down 127% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €150, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 190% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €204 per share.Upcoming Dividend • May 25Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.4%).Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: €1.92 (down from €3.78 in 1Q 2021). Revenue: €210.0m (up 29% from 1Q 2021). Net income: €12.5m (down 47% from 1Q 2021). Profit margin: 5.9% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Apr 01Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.2%. The fair value is estimated to be €244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.Reported Earnings • Mar 30Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €7.65 (up from €3.39 in FY 2020). Revenue: €707.4m (up 35% from FY 2020). Net income: €47.9m (up 128% from FY 2020). Profit margin: 6.8% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 9.9%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Mar 05Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% per annum over the last 3 years. Earnings per share has grown by 46% per annum over the last 3 years.お知らせ • Feb 24adesso SE acquired additional 23.4% minority stake in Material.One AG.adesso SE acquired additional 23.4% minority stake in Material.One AG on February 22, 2022. adesso have now become a majority owner in the company. adesso SE completed the acquisition of additional 23.4% minority stake in Material.One AG on February 22, 2022.お知らせ • Feb 12adesso SE Revises Earnings Guidance for the Full Year of 2021adesso SE revised earnings guidance for the full year of 2021. For the year, the company expects sales to be exceeded compared to previous guidance of more than EUR 630 million.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS €1.86 (vs €1.25 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €197.6m (up 43% from 3Q 2020). Net income: €11.5m (up 49% from 3Q 2020). Profit margin: 5.8% (up from 5.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 51% per year.Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €205, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 30x in the IT industry in Germany. Total returns to shareholders of 259% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €175 per share.Reported Earnings • Sep 01First half 2021 earnings released: EPS €4.90 (vs €0.89 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €322.4m (up 31% from 1H 2020). Net income: €30.3m (up 451% from 1H 2020). Profit margin: 9.4% (up from 2.2% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year.Price Target Changed • Jul 22Price target increased to €157Up from €139, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €153. Stock is up 161% over the past year.Price Target Changed • Jun 01Price target increased to €144Up from €131, the current price target is an average from 2 analysts. New target price is 8.5% above last closing price of €132. Stock is up 120% over the past year.Upcoming Dividend • May 21Upcoming dividend of €0.52 per shareEligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.2%).Price Target Changed • May 17Price target increased to €134Up from €123, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €117. Stock is up 113% over the past year.お知らせ • Apr 01adesso SE Provides Earnings Guidance for the Full Year 2021adesso SE provides earnings guidance for the full year 2021. The company announced that based on previous experiences and the resilience of its business, adesso is planning for robust growth in 2021 irrespective of the sale of e-Spirit AG and in spite of the prospect of a stricter lockdown in Germany from mid-March. The solid start adesso has made to 2021 gives cause for optimism. On this basis, sales revenues are expected to rise to at least EUR 600 million in 2021.お知らせ • Mar 21CrownPeak Technology, Inc. entered into a definitive agreement to acquire E-Spirit Ag from adesso SE (XTRA:ADN1).CrownPeak Technology, Inc. entered into a definitive agreement to acquire E-Spirit Ag from adesso SE (XTRA:ADN1) on March 19, 2021. The combination of Crownpeak and e-Spirit will create the most agile digital experience platform for brands. Andreas Knoor, chief product officer at e-Spirit Joining forces with Crownpeak.お知らせ • Mar 04adesso Subsidiary Signs Contract with Pensionskasse der Mitarbeiter der Hoechst-Gruppe to Overhaul Entire Application Environment on the Basis of In|Sure Productsadesso subsidiary signs contract with Pensionskasse der Mitarbeiter der Hoechst-Gruppe to overhaul entire application environment on the basis of in|sure products. Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG, has decided to overhaul its entire application environment on the basis of products from adesso insurance solutions GmbH. Contracts to this effect were signed in late February. The aim of the project, which starts in early March, is to keep the system environment and the processes viable for the future in the long term and to leverage the additional strategic potential offered by the product portfolio and digitalisation. To this end, the existing inventory management system, which was largely developed specifically for the customer on the basis of SAP R/3 HR, will be replaced with modules of the in|sure standard software. As part of the project, adesso insurance solutions will expand the already broad product portfolio for pension funds to include a billing system for pension scheme payments. In doing so, adesso insurance solutions will fill a niche in the market, as there are no satisfactory products currently available for the billing and payment of pension commitments. The new module, in|sure Pen Pay, will therefore not only make it possible to oversee pension funds and determine tax and social security levies on payments, but will also provide the information and details of transfer files for banking software, for billing payment recipients and for generating reports for fiscal authorities, health insurance providers and Zulagenstelle f-r Altersverm-gen (ZfA), the federal German agency responsible for private pensions.Is New 90 Day High Low • Jan 27New 90-day high: €114The company is up 82% from its price of €62.80 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €127 per share.Is New 90 Day High Low • Jan 07New 90-day high: €108The company is up 48% from its price of €72.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €131 per share.お知らせ • Dec 05+ 3 more updatesadesso SE to Report Q1, 2021 Results on May 12, 2021adesso SE announced that they will report Q1, 2021 results on May 12, 2021お知らせ • Nov 27adesso SE (XTRA:ADN1) acquired 51% stake in LeanNet Ltd.adesso SE (XTRA:ADN1) acquired 51% stake in LeanNet Ltd. on November 25, 2020. adesso SE (XTRA:ADN1) completed the acquisition of 51% stake in LeanNet Ltd. on November 25, 2020.Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 16% share price gain to €92.80, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 76%.Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 19% share price gain to €88.20, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 24.3x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 73%.Price Target Changed • Nov 17Price target raised to €96.00Up from €85.50, the current price target is an average from 2 analysts. The new target price is 20% above the current share price of €80.00. As of last close, the stock is up 58% over the past year.Is New 90 Day High Low • Nov 07New 90-day high: €76.20The company is up 25% from its price of €61.00 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.05 per share.お知らせ • Nov 06adesso SE (XTRA:ADN1) acquired an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V.adesso SE (XTRA:ADN1) acquired an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V on November 4, 2020. The managing directors of Blue4IT, Codesquad and Bluefront will remain involved with a minority interest of together under six percent and will remain part of the company's operations. The transaction increases adesso’s number of employees working in the Netherlands by 43. Fredrik Jonker of Marktlink Fusies & Overnames B.V. acted as Financial advisor to adesso Se in transaction. adesso SE (XTRA:ADN1) completed the acquisition of an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V on November 4, 2020Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 17% share price gain to €75.80, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 25x in the IT industry in Germany. Total returns to shareholders over the past three years are 53%.収支内訳adesso の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史DB:ADN1 収益、費用、利益 ( )EUR Millions日付収益収益G+A経費研究開発費31 Dec 251,4891827030 Sep 251,4281325030 Jun 251,3841225031 Mar 251,340825031 Dec 241,298325030 Sep 241,269520030 Jun 241,225-120031 Mar 241,182-220031 Dec 231,140320030 Sep 231,084516030 Jun 231,0371216031 Mar 239691816031 Dec 229012916030 Sep 228362911030 Jun 227692811031 Mar 227253711031 Dec 216784811030 Sep 21636459030 Jun 21600469031 Mar 21564429031 Dec 20524219030 Sep 20503244030 Jun 20484199031 Mar 20467189031 Dec 19451179030 Sep 194321511030 Jun 194121314031 Mar 193951314031 Dec 183781414030 Sep 183641414030 Jun 183511414031 Mar 183361314031 Dec 173221114030 Sep 173071113030 Jun 172921112031 Mar 172761212031 Dec 162611212030 Sep 162451010030 Jun 1622979031 Mar 1621369031 Dec 1519759030 Sep 1518347030 Jun 15169440質の高い収益: ADN1は 高品質の収益 を持っています。利益率の向上: ADN1の現在の純利益率 (1.2%)は、昨年(0.2%)よりも高くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: ADN1の収益は過去 5 年間で年間39%減少しました。成長の加速: ADN1の過去 1 年間の収益成長率 ( 583.5% ) は、5 年間の平均 ( 年間-39%を上回っています。収益対業界: ADN1の過去 1 年間の収益成長率 ( 583.5% ) はIT業界-12%を上回りました。株主資本利益率高いROE: ADN1の 自己資本利益率 ( 9.1% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 11:04終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋adesso SE 5 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。11 アナリスト機関Daniel GroßjohannBankM AGWolfgang SpechtBerenbergFinn KemperHauck Aufhäuser Investment Banking8 その他のアナリストを表示
お知らせ • Nov 20+ 3 more updatesadesso SE to Report Fiscal Year 2025 Results on Mar 31, 2026adesso SE announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Nov 25+ 3 more updatesadesso SE to Report Q3, 2025 Results on Nov 12, 2025adesso SE announced that they will report Q3, 2025 results on Nov 12, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €1.67 (vs €0.85 in 3Q 2023)Third quarter 2024 results: EPS: €1.67 (up from €0.85 in 3Q 2023). Revenue: €343.6m (up 19% from 3Q 2023). Net income: €10.9m (up 96% from 3Q 2023). Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 15Second quarter 2024 earnings released: €1.02 loss per share (vs €1.18 loss in 2Q 2023)Second quarter 2024 results: €1.02 loss per share (improved from €1.18 loss in 2Q 2023). Revenue: €323.4m (up 19% from 2Q 2023). Net loss: €6.66m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 13First quarter 2024 earnings released: €0.49 loss per share (vs €0.28 profit in 1Q 2023)First quarter 2024 results: €0.49 loss per share (down from €0.28 profit in 1Q 2023). Revenue: €324.8m (up 17% from 1Q 2023). Net loss: €3.20m (down 278% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.49 (down from €4.40 in FY 2022). Revenue: €1.15b (up 28% from FY 2022). Net income: €3.21m (down 89% from FY 2022). Profit margin: 0.3% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
お知らせ • Apr 27adesso SE, Annual General Meeting, Jun 03, 2026adesso SE, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time.
お知らせ • Mar 03adesso SE announces Annual dividend, payable on June 08, 2026adesso SE announced Annual dividend of EUR 0.7800 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026.
お知らせ • Nov 20+ 3 more updatesadesso SE to Report Fiscal Year 2025 Results on Mar 31, 2026adesso SE announced that they will report fiscal year 2025 results on Mar 31, 2026
お知らせ • Apr 24adesso SE, Annual General Meeting, Jun 03, 2025adesso SE, Annual General Meeting, Jun 03, 2025, at 10:00 W. Europe Standard Time.
お知らせ • Feb 22+ 1 more updateadesso SE Provides Earnings Guidance for the Year 2025adesso SE provided earnings guidance for the year 2025. For the year, the company expects sales between EUR 1.35 billion and 1.45 billion.
お知らせ • Nov 25+ 3 more updatesadesso SE to Report Q3, 2025 Results on Nov 12, 2025adesso SE announced that they will report Q3, 2025 results on Nov 12, 2025
Reported Earnings • Nov 17Third quarter 2024 earnings released: EPS: €1.67 (vs €0.85 in 3Q 2023)Third quarter 2024 results: EPS: €1.67 (up from €0.85 in 3Q 2023). Revenue: €343.6m (up 19% from 3Q 2023). Net income: €10.9m (up 96% from 3Q 2023). Profit margin: 3.2% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
New Risk • Sep 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change).
Buy Or Sell Opportunity • Sep 14Now 24% overvaluedOver the last 90 days, the stock has fallen 37% to €60.00. The fair value is estimated to be €48.38, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Aug 15Second quarter 2024 earnings released: €1.02 loss per share (vs €1.18 loss in 2Q 2023)Second quarter 2024 results: €1.02 loss per share (improved from €1.18 loss in 2Q 2023). Revenue: €323.4m (up 19% from 2Q 2023). Net loss: €6.66m (loss narrowed 13% from 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change).
Buy Or Sell Opportunity • Aug 05Now 31% undervalued after recent price dropOver the last 90 days, the stock has fallen 31% to €74.90. The fair value is estimated to be €108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Jun 18Price target decreased by 7.4% to €162Down from €175, the current price target is an average from 5 analysts. New target price is 68% above last closing price of €96.40. Stock is down 21% over the past year. The company is forecast to post earnings per share of €3.81 for next year compared to €0.49 last year.
Upcoming Dividend • May 29Upcoming dividend of €0.70 per shareEligible shareholders must have bought the stock before 05 June 2024. Payment date: 07 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.2%).
New Risk • May 23New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
Reported Earnings • May 13First quarter 2024 earnings released: €0.49 loss per share (vs €0.28 profit in 1Q 2023)First quarter 2024 results: €0.49 loss per share (down from €0.28 profit in 1Q 2023). Revenue: €324.8m (up 17% from 1Q 2023). Net loss: €3.20m (down 278% from profit in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
New Risk • May 13New major risk - Financial positionThe company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change).
Reported Earnings • Mar 26Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: €0.49 (down from €4.40 in FY 2022). Revenue: €1.15b (up 28% from FY 2022). Net income: €3.21m (down 89% from FY 2022). Profit margin: 0.3% (down from 3.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings.
Declared Dividend • Feb 26Dividend increased to €0.70Dividend of €0.70 is 7.7% higher than last year. Ex-date: 5th June 2024 Payment date: 7th June 2024 Dividend yield will be 0.7%, which is lower than the industry average of 2.1%.
お知らせ • Nov 19adesso SE to Report Fiscal Year 2023 Results on Mar 25, 2024adesso SE announced that they will report fiscal year 2023 results on Mar 25, 2024
お知らせ • Nov 18+ 1 more updateadesso SE to Report Q1, 2024 Results on May 15, 2024adesso SE announced that they will report Q1, 2024 results on May 15, 2024
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: €0.85 (vs €2.01 in 3Q 2022)Third quarter 2023 results: EPS: €0.85 (down from €2.01 in 3Q 2022). Revenue: €296.3m (up 23% from 3Q 2022). Net income: €5.57m (down 58% from 3Q 2022). Profit margin: 1.9% (down from 5.4% in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Oct 06+ 1 more updateadesso SE Announces CEO ChangesThe Supervisory Board of adesso SE has appointed Mark Lohweber (54) as the successor to CEO Michael Kenfenheuer (65), who will be leaving the company at the end of 2023. Lohweber has been a member of the Executive Board of adesso SE since July 2023 and has successively taken over Kenfenheuer's areas of responsibility. In the Executive Board, he is responsible for the Banking and Insurance sectors as well as the Corporate Account Management. In addition, he is responsible for major subsidiaries such as adesso insurance solutions GmbH, Afida GmbH, adesso banking solutions GmbH and WEPEX GmbH. adesso SE and Lohweber know each other well thanks to various management positions he has held within adesso from 2007 to 2021. Before being appointed as a Member of the Executive Board of adesso SE in July, the skilled banker and law graduate was CEO of CoCoNet AG. As a member of the Executive Board since 2000, Kenfenheuer has successfully shaped the development of adesso into a leading IT group. From 2011 to 2015, he was Co-Chairman of the Executive Board and subsequently took over as CEO.
Reported Earnings • Aug 16Second quarter 2023 earnings released: €1.18 loss per share (vs €0.29 loss in 2Q 2022)Second quarter 2023 results: €1.18 loss per share (further deteriorated from €0.29 loss in 2Q 2022). Revenue: €276.5m (up 36% from 2Q 2022). Net loss: €7.69m (loss widened 307% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Buying Opportunity • Aug 08Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 17%. The fair value is estimated to be €133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 27% per annum over the same time period.
お知らせ • Jun 20adesso SE Announces Board ChangesThe Supervisory Board of adesso SE has appointed Mark Lohweber (54) as an additional member to the IT service provider's Executive Board as of 1 July 2023. Lohweber will take over responsibility for the core industries insurance and banking from long-time CEO Michael Kenfenheuer (65), who will step down from the adesso Executive Board after completing his Executive Board contract, which was extended to cover the period from 2022 to the end of 2023. The 54-year-old worked for adesso from 2007 to 2021, holding various management positions and helping drive the company's strong growth. His main areas of expertise are financial services, digitalisation and sales. He is familiar with the challenges facing growth-oriented companies and the tasks ahead of the banking and insurance industries, for which he will be responsible. Lohweber has spent the past two years as CEO of CoCoNet AG, a leading European fintech, where he was in charge of the firm's strategic realignment. In his new role as a member of the adesso SE Executive Board, Lohweber will also oversee key product companies in the adesso Group, including the product subsidiary adesso insurance solutions GmbH and adesso banking solutions GmbH, as well as corporate account management at adesso SE.
Buying Opportunity • May 31Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 25%. The fair value is estimated to be €145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 4.2%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 26% per annum over the same time period.
Upcoming Dividend • May 26Upcoming dividend of €0.65 per share at 0.5% yieldEligible shareholders must have bought the stock before 02 June 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%).
Reported Earnings • May 21First quarter 2023 earnings released: EPS: €0.28 (vs €1.92 in 1Q 2022)First quarter 2023 results: EPS: €0.28 (down from €1.92 in 1Q 2022). Revenue: €280.0m (up 33% from 1Q 2022). Net income: €1.79m (down 86% from 1Q 2022). Profit margin: 0.6% (down from 5.9% in 1Q 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 20% per annum over the same time period.
お知らせ • Feb 17adesso SE (XTRA:ADN1) signed an agreement to acquire 51% stake in Wepex GmbH.adesso SE (XTRA:ADN1) signed an agreement to acquire 51% stake in Wepex GmbH on February 16, 2023. WEPEX GmbH’s current managing partners, Arno Radermacher, Frank Thole and Oliver Schlicht, will continue in their roles and work with adesso. The 30 securities experts at WEPEX will now join the banking segment of the adesso Group. Wepex GmbH generated revenue of 5 million in 2022. The transaction is expected to close in the first quarter of 2023.
お知らせ • Jan 20adesso SE (XTRA:ADN1) acquired WebScience Srl.adesso SE (XTRA:ADN1) acquired WebScience Srl on January 19, 2023. WebScience recorded sales of €10 million past year. The management of WebScience, comprising the company founders Stefano Mainetti, Francesco Micotti and Massimo Ficagna, will take over the management of adesso Italia in the future. Andrea Buzzi, previously Country Manager at adesso Italia and Lugano Site Manager in Switzerland, will become a member of the Management Board of adesso Italia as a representative of the parent company. In this function, Buzzi will oversee the integration of WebScience respectively the still young adesso Italia into the Europe-wide adesso Group. WebScience’s presence in Milan at Viale Edoardo Jenner 51 will be made into the new headquarter for adesso Italia.adesso SE (XTRA:ADN1) completed the acquisition of WebScience Srl on January 19, 2023. Antonio Scarabosio and Andrea Bianchini of Clairfield International acted as financial advisor to adesso SE in the transaction.
お知らせ • Nov 18+ 4 more updatesadesso SE to Report Q1, 2023 Results on May 15, 2023adesso SE announced that they will report Q1, 2023 results on May 15, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: €2.01 (vs €1.86 in 3Q 2021)Third quarter 2022 results: EPS: €2.01 (up from €1.86 in 3Q 2021). Revenue: €259.9m (up 50% from 3Q 2021). Net income: €13.1m (up 14% from 3Q 2021). Profit margin: 5.1% (down from 6.6% in 3Q 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 16Price target decreased to €203Down from €224, the current price target is an average from 4 analysts. New target price is 56% above last closing price of €130. Stock is down 31% over the past year. The company is forecast to post earnings per share of €5.09 for next year compared to €7.65 last year.
Price Target Changed • Aug 20Price target decreased to €208Down from €224, the current price target is an average from 4 analysts. New target price is 58% above last closing price of €131. Stock is down 22% over the past year. The company is forecast to post earnings per share of €5.07 for next year compared to €7.65 last year.
Reported Earnings • Aug 17Second quarter 2022 earnings released: €0.29 loss per share (vs €1.12 profit in 2Q 2021)Second quarter 2022 results: €0.29 loss per share (down from €1.12 profit in 2Q 2021). Revenue: €202.6m (up 27% from 2Q 2021). Net loss: €1.89m (down 127% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 15% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Jun 17Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to €150, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 21x in the IT industry in Germany. Total returns to shareholders of 190% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €204 per share.
Upcoming Dividend • May 25Upcoming dividend of €0.60 per shareEligible shareholders must have bought the stock before 01 June 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (4.3%). Lower than average of industry peers (1.4%).
Reported Earnings • May 17First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: €1.92 (down from €3.78 in 1Q 2021). Revenue: €210.0m (up 29% from 1Q 2021). Net income: €12.5m (down 47% from 1Q 2021). Profit margin: 5.9% (down from 14% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 12%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Apr 01Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 9.2%. The fair value is estimated to be €244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 49%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period.
Reported Earnings • Mar 30Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: €7.65 (up from €3.39 in FY 2020). Revenue: €707.4m (up 35% from FY 2020). Net income: €47.9m (up 128% from FY 2020). Profit margin: 6.8% (up from 4.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 9.9%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Mar 05Now 21% undervaluedOver the last 90 days, the stock is up 14%. The fair value is estimated to be €247, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% per annum over the last 3 years. Earnings per share has grown by 46% per annum over the last 3 years.
お知らせ • Feb 24adesso SE acquired additional 23.4% minority stake in Material.One AG.adesso SE acquired additional 23.4% minority stake in Material.One AG on February 22, 2022. adesso have now become a majority owner in the company. adesso SE completed the acquisition of additional 23.4% minority stake in Material.One AG on February 22, 2022.
お知らせ • Feb 12adesso SE Revises Earnings Guidance for the Full Year of 2021adesso SE revised earnings guidance for the full year of 2021. For the year, the company expects sales to be exceeded compared to previous guidance of more than EUR 630 million.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS €1.86 (vs €1.25 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €197.6m (up 43% from 3Q 2020). Net income: €11.5m (up 49% from 3Q 2020). Profit margin: 5.8% (up from 5.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year whereas the company’s share price has increased by 51% per year.
Valuation Update With 7 Day Price Move • Nov 02Investor sentiment improved over the past weekAfter last week's 16% share price gain to €205, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 30x in the IT industry in Germany. Total returns to shareholders of 259% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €175 per share.
Reported Earnings • Sep 01First half 2021 earnings released: EPS €4.90 (vs €0.89 in 1H 2020)The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €322.4m (up 31% from 1H 2020). Net income: €30.3m (up 451% from 1H 2020). Profit margin: 9.4% (up from 2.2% in 1H 2020). Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year.
Price Target Changed • Jul 22Price target increased to €157Up from €139, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of €153. Stock is up 161% over the past year.
Price Target Changed • Jun 01Price target increased to €144Up from €131, the current price target is an average from 2 analysts. New target price is 8.5% above last closing price of €132. Stock is up 120% over the past year.
Upcoming Dividend • May 21Upcoming dividend of €0.52 per shareEligible shareholders must have bought the stock before 28 May 2021. Payment date: 01 June 2021. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.2%).
Price Target Changed • May 17Price target increased to €134Up from €123, the current price target is provided by 1 analyst. New target price is 14% above last closing price of €117. Stock is up 113% over the past year.
お知らせ • Apr 01adesso SE Provides Earnings Guidance for the Full Year 2021adesso SE provides earnings guidance for the full year 2021. The company announced that based on previous experiences and the resilience of its business, adesso is planning for robust growth in 2021 irrespective of the sale of e-Spirit AG and in spite of the prospect of a stricter lockdown in Germany from mid-March. The solid start adesso has made to 2021 gives cause for optimism. On this basis, sales revenues are expected to rise to at least EUR 600 million in 2021.
お知らせ • Mar 21CrownPeak Technology, Inc. entered into a definitive agreement to acquire E-Spirit Ag from adesso SE (XTRA:ADN1).CrownPeak Technology, Inc. entered into a definitive agreement to acquire E-Spirit Ag from adesso SE (XTRA:ADN1) on March 19, 2021. The combination of Crownpeak and e-Spirit will create the most agile digital experience platform for brands. Andreas Knoor, chief product officer at e-Spirit Joining forces with Crownpeak.
お知らせ • Mar 04adesso Subsidiary Signs Contract with Pensionskasse der Mitarbeiter der Hoechst-Gruppe to Overhaul Entire Application Environment on the Basis of In|Sure Productsadesso subsidiary signs contract with Pensionskasse der Mitarbeiter der Hoechst-Gruppe to overhaul entire application environment on the basis of in|sure products. Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG, has decided to overhaul its entire application environment on the basis of products from adesso insurance solutions GmbH. Contracts to this effect were signed in late February. The aim of the project, which starts in early March, is to keep the system environment and the processes viable for the future in the long term and to leverage the additional strategic potential offered by the product portfolio and digitalisation. To this end, the existing inventory management system, which was largely developed specifically for the customer on the basis of SAP R/3 HR, will be replaced with modules of the in|sure standard software. As part of the project, adesso insurance solutions will expand the already broad product portfolio for pension funds to include a billing system for pension scheme payments. In doing so, adesso insurance solutions will fill a niche in the market, as there are no satisfactory products currently available for the billing and payment of pension commitments. The new module, in|sure Pen Pay, will therefore not only make it possible to oversee pension funds and determine tax and social security levies on payments, but will also provide the information and details of transfer files for banking software, for billing payment recipients and for generating reports for fiscal authorities, health insurance providers and Zulagenstelle f-r Altersverm-gen (ZfA), the federal German agency responsible for private pensions.
Is New 90 Day High Low • Jan 27New 90-day high: €114The company is up 82% from its price of €62.80 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €127 per share.
Is New 90 Day High Low • Jan 07New 90-day high: €108The company is up 48% from its price of €72.40 on 09 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €131 per share.
お知らせ • Dec 05+ 3 more updatesadesso SE to Report Q1, 2021 Results on May 12, 2021adesso SE announced that they will report Q1, 2021 results on May 12, 2021
お知らせ • Nov 27adesso SE (XTRA:ADN1) acquired 51% stake in LeanNet Ltd.adesso SE (XTRA:ADN1) acquired 51% stake in LeanNet Ltd. on November 25, 2020. adesso SE (XTRA:ADN1) completed the acquisition of 51% stake in LeanNet Ltd. on November 25, 2020.
Valuation Update With 7 Day Price Move • Nov 24Market bids up stock over the past weekAfter last week's 16% share price gain to €92.80, the stock is trading at a trailing P/E ratio of 29.2x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 76%.
Valuation Update With 7 Day Price Move • Nov 19Market bids up stock over the past weekAfter last week's 19% share price gain to €88.20, the stock is trading at a trailing P/E ratio of 28.9x, up from the previous P/E ratio of 24.3x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 73%.
Price Target Changed • Nov 17Price target raised to €96.00Up from €85.50, the current price target is an average from 2 analysts. The new target price is 20% above the current share price of €80.00. As of last close, the stock is up 58% over the past year.
Is New 90 Day High Low • Nov 07New 90-day high: €76.20The company is up 25% from its price of €61.00 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €90.05 per share.
お知らせ • Nov 06adesso SE (XTRA:ADN1) acquired an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V.adesso SE (XTRA:ADN1) acquired an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V on November 4, 2020. The managing directors of Blue4IT, Codesquad and Bluefront will remain involved with a minority interest of together under six percent and will remain part of the company's operations. The transaction increases adesso’s number of employees working in the Netherlands by 43. Fredrik Jonker of Marktlink Fusies & Overnames B.V. acted as Financial advisor to adesso Se in transaction. adesso SE (XTRA:ADN1) completed the acquisition of an unknown majority stake in Blue4IT, Codesquad and Bluefront from Blue Group IT B.V on November 4, 2020
Valuation Update With 7 Day Price Move • Nov 05Market bids up stock over the past weekAfter last week's 17% share price gain to €75.80, the stock is trading at a trailing P/E ratio of 24.8x, up from the previous P/E ratio of 21.2x. This compares to an average P/E of 25x in the IT industry in Germany. Total returns to shareholders over the past three years are 53%.