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adesso SEXTRA:ADN1 Stock Report

Market Cap €629.9m
Share Price
€98.40
My Fair Value
€127.83
23.0% undervalued intrinsic discount
1Y35.7%
7D0.4%
Portfolio Value
​
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adesso SE

XTRA:ADN1 Stock Report

Market Cap: €629.9m

adesso (ADN1) Stock Overview

Provides IT services in Germany, Austria, Switzerland, and internationally. More details

ADN1 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance2/6
Financial Health4/6
Dividends4/6

Rewards

Trading at 3.9% below our estimate of its fair value

Earnings are forecast to grow 30.81% per year

Became profitable this year

Risk Analysis

Has a high level of debt


ADN1 Community Fair Values

Create Narrative

See what 14 others think this stock is worth. Follow their fair value or set your own to get alerts.

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adesso

DACH Exposure Will Limit Margins Despite Digital Progress

Key Takeaways Accelerating automation and AI may reduce demand for traditional consulting, challenging revenue growth and service utilization over time. Wage inflation, talent shortages, and intensified global competition threaten sustainable margin expansion and limit long-term market opportunities for bespoke solutions.
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€95
FV
3.6% overvalued intrinsic discount
8.84%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
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adesso

Digital Transformation And AI Will Power International Expansion

Key Takeaways Faster than expected growth in healthcare, utilities, and international markets could drive significant revenue and margin expansion, reducing reliance on the German market. Emphasis on proprietary software and recurring license sales enhances high-margin, predictable income and long-term earnings stability.
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€160
FV
38.5% undervalued intrinsic discount
12.80%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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adesso

Digitization And AI Adoption Will Expand Global Markets

Key Takeaways Expansion into AI, vertical software, and new international markets is driving more stable, high-margin recurring revenue while reducing dependence on core geographies. Increasing public sector demand, improved utilization, and disciplined costs provide strong support for earnings and future growth.
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€127.83
FV
23.0% undervalued intrinsic discount
10.35%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
7users have followed this narrative
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adesso SE Competitors

Price History & Performance

Summary of share price highs, lows and changes for adesso
Historical stock prices
Current Share Price€98.40
52 Week High€110.00
52 Week Low€62.20
Beta1.67
1 Month Change7.54%
3 Month Change13.76%
1 Year Change35.72%
3 Year Change2.18%
5 Year Change39.38%
Change since IPO1,379.73%

Recent News & Updates

A Piece Of The Puzzle Missing From adesso SE's (ETR:ADN1) 32% Share Price Climb

Sep 12
A Piece Of The Puzzle Missing From adesso SE's (ETR:ADN1) 32% Share Price Climb

Here's What's Concerning About adesso's (ETR:ADN1) Returns On Capital

Sep 10
Here's What's Concerning About adesso's (ETR:ADN1) Returns On Capital

Solid Earnings Reflect adesso's (ETR:ADN1) Strength As A Business

May 25
Solid Earnings Reflect adesso's (ETR:ADN1) Strength As A Business

Recent updates

A Piece Of The Puzzle Missing From adesso SE's (ETR:ADN1) 32% Share Price Climb

Sep 12
A Piece Of The Puzzle Missing From adesso SE's (ETR:ADN1) 32% Share Price Climb

Here's What's Concerning About adesso's (ETR:ADN1) Returns On Capital

Sep 10
Here's What's Concerning About adesso's (ETR:ADN1) Returns On Capital

Solid Earnings Reflect adesso's (ETR:ADN1) Strength As A Business

May 25
Solid Earnings Reflect adesso's (ETR:ADN1) Strength As A Business

adesso (ETR:ADN1) Has Announced That It Will Be Increasing Its Dividend To €0.75

Feb 25
adesso (ETR:ADN1) Has Announced That It Will Be Increasing Its Dividend To €0.75
User avatar

Ongoing IT Investments Will Transform Operations By Mid-2025

Organic growth in healthcare and utilities drives future revenue, overcoming economic challenges, while strategic share buybacks reflect belief in undervaluation.

Investors Still Aren't Entirely Convinced By adesso SE's (ETR:ADN1) Revenues Despite 32% Price Jump

Dec 02
Investors Still Aren't Entirely Convinced By adesso SE's (ETR:ADN1) Revenues Despite 32% Price Jump

adesso (ETR:ADN1) Is Posting Promising Earnings But The Good News Doesn’t Stop There

Nov 22
adesso (ETR:ADN1) Is Posting Promising Earnings But The Good News Doesn’t Stop There

adesso SE (ETR:ADN1) Just Reported, And Analysts Assigned A €122 Price Target

Nov 17
adesso SE (ETR:ADN1) Just Reported, And Analysts Assigned A €122 Price Target

Does adesso (ETR:ADN1) Have A Healthy Balance Sheet?

Nov 02
Does adesso (ETR:ADN1) Have A Healthy Balance Sheet?

It's Down 25% But adesso SE (ETR:ADN1) Could Be Riskier Than It Looks

Aug 28
It's Down 25% But adesso SE (ETR:ADN1) Could Be Riskier Than It Looks

adesso's (ETR:ADN1) Shareholders Will Receive A Bigger Dividend Than Last Year

May 21
adesso's (ETR:ADN1) Shareholders Will Receive A Bigger Dividend Than Last Year

adesso (ETR:ADN1) Has Announced That It Will Be Increasing Its Dividend To €0.70

Apr 19
adesso (ETR:ADN1) Has Announced That It Will Be Increasing Its Dividend To €0.70

Returns On Capital Signal Tricky Times Ahead For adesso (ETR:ADN1)

Apr 18
Returns On Capital Signal Tricky Times Ahead For adesso (ETR:ADN1)

Investors Can Find Comfort In adesso's (ETR:ADN1) Earnings Quality

Apr 02
Investors Can Find Comfort In adesso's (ETR:ADN1) Earnings Quality

Analysts Are Updating Their adesso SE (ETR:ADN1) Estimates After Its Annual Results

Mar 28
Analysts Are Updating Their adesso SE (ETR:ADN1) Estimates After Its Annual Results

Is adesso SE (ETR:ADN1) Trading At A 44% Discount?

Mar 23
Is adesso SE (ETR:ADN1) Trading At A 44% Discount?

adesso SE (ETR:ADN1) Soars 29% But It's A Story Of Risk Vs Reward

Mar 08
adesso SE (ETR:ADN1) Soars 29% But It's A Story Of Risk Vs Reward

A Look At The Intrinsic Value Of adesso SE (ETR:ADN1)

Dec 14
A Look At The Intrinsic Value Of adesso SE (ETR:ADN1)

Does adesso (ETR:ADN1) Have A Healthy Balance Sheet?

Oct 11
Does adesso (ETR:ADN1) Have A Healthy Balance Sheet?

At €106, Is It Time To Put adesso SE (ETR:ADN1) On Your Watch List?

Jul 22
At €106, Is It Time To Put adesso SE (ETR:ADN1) On Your Watch List?

Calculating The Intrinsic Value Of adesso SE (ETR:ADN1)

Jun 15
Calculating The Intrinsic Value Of adesso SE (ETR:ADN1)

adesso's (ETR:ADN1) Returns On Capital Not Reflecting Well On The Business

May 09
adesso's (ETR:ADN1) Returns On Capital Not Reflecting Well On The Business

What Does adesso SE's (ETR:ADN1) Share Price Indicate?

Apr 22
What Does adesso SE's (ETR:ADN1) Share Price Indicate?

adesso (ETR:ADN1) Has A Pretty Healthy Balance Sheet

Feb 11
adesso (ETR:ADN1) Has A Pretty Healthy Balance Sheet

Returns On Capital At adesso (ETR:ADN1) Have Stalled

Jan 26
Returns On Capital At adesso (ETR:ADN1) Have Stalled

Calculating The Fair Value Of adesso SE (ETR:ADN1)

Jan 10
Calculating The Fair Value Of adesso SE (ETR:ADN1)

At €138, Is It Time To Put adesso SE (ETR:ADN1) On Your Watch List?

Dec 14
At €138, Is It Time To Put adesso SE (ETR:ADN1) On Your Watch List?

We Think adesso (ETR:ADN1) Can Stay On Top Of Its Debt

Aug 22
We Think adesso (ETR:ADN1) Can Stay On Top Of Its Debt

Why adesso SE (ETR:ADN1) Could Be Worth Watching

Aug 07
Why adesso SE (ETR:ADN1) Could Be Worth Watching

adesso (ETR:ADN1) Hasn't Managed To Accelerate Its Returns

Jul 21
adesso (ETR:ADN1) Hasn't Managed To Accelerate Its Returns

Is adesso (ETR:ADN1) A Risky Investment?

May 12
Is adesso (ETR:ADN1) A Risky Investment?

Shareholder Returns

ADN1DE ITDE Market
7D0.4%-3.9%1.5%
1Y35.7%17.9%14.5%

Return vs Industry: ADN1 exceeded the German IT industry which returned 18.8% over the past year.

Return vs Market: ADN1 exceeded the German Market which returned 15.1% over the past year.

Price Volatility

Is ADN1's price volatile compared to industry and market?
ADN1 volatility
ADN1 Average Weekly Movement5.8%
IT Industry Average Movement5.4%
Market Average Movement4.9%
10% most volatile stocks in DE Market12.2%
10% least volatile stocks in DE Market2.4%

Stable Share Price: ADN1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: ADN1's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199710,794Mark Lohweberwww.adesso.de

adesso SE, together with its subsidiaries, provides IT services in Germany, Austria, Switzerland, and internationally. It operates through two segments, IT Services and IT Solutions. The company offers industry-specific IT consulting and software development services; and distributes software products and industry-specific or industry-neutral solutions.

adesso SE Fundamentals Summary

How do adesso's earnings and revenue compare to its market cap?
ADN1 fundamental statistics
Market cap€629.88m
Earnings (TTM)€12.32m
Revenue (TTM)€1.38b
51.1x
P/E Ratio
0.5x
P/S Ratio

Is ADN1 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ADN1 income statement (TTM)
Revenue€1.38b
Cost of Revenue€1.14b
Gross Profit€242.51m
Other Expenses€230.19m
Earnings€12.32m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

Nov 12, 2025

Earnings per share (EPS)1.92
Gross Margin17.52%
Net Profit Margin0.89%
Debt/Equity Ratio103.6%

How did ADN1 perform over the long term?

See historical performance and comparison

Dividends

0.8%
Current Dividend Yield
39%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/08 07:34
End of Day Share Price 2025/10/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

adesso SE is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel GroßjohannBankM AG
Gustav FrobergBerenberg
Wolfgang SpechtBerenberg