Addnode Group AB (publ)

DB:AR7 Stock Report

Market Cap: €1.2b

Addnode Group Valuation

Is AR7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AR7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AR7 (€8.55) is trading above our estimate of fair value (€5.72)

Significantly Below Fair Value: AR7 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AR7?

Key metric: As AR7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AR7. This is calculated by dividing AR7's market cap by their current earnings.
What is AR7's PE Ratio?
PE Ratio35.8x
EarningsSEK 377.00m
Market CapSEK 13.50b

Price to Earnings Ratio vs Peers

How does AR7's PE Ratio compare to its peers?

The above table shows the PE ratio for AR7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average45.2x
NA9 Nagarro
24x17.1%€1.3b
SANT Kontron
12.5x19.1%€1.1b
ADN1 adesso
126.3x42.3%€578.3m
COK Cancom
18.1x1.1%€729.3m
AR7 Addnode Group
35.8x14.6%€13.5b

Price-To-Earnings vs Peers: AR7 is good value based on its Price-To-Earnings Ratio (35.8x) compared to the peer average (45.2x).

Price to Earnings Ratio vs Industry

How does AR7's PE Ratio compare vs other companies in the DE IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
AR7 35.8xIndustry Avg. 17.9xNo. of Companies4PE01224364860+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AR7 is expensive based on its Price-To-Earnings Ratio (35.8x) compared to the European IT industry average (17.9x).

Price to Earnings Ratio vs Fair Ratio

What is AR7's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AR7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio35.8x
Fair PE Ratio23.4x

Price-To-Earnings vs Fair Ratio: AR7 is expensive based on its Price-To-Earnings Ratio (35.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AR7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.55
€10.58
+23.7%
5.7%€11.13€9.74n/a3
Nov ’25€9.01
€10.61
+17.7%
5.7%€11.16€9.77n/a3
Oct ’25€9.64
€10.41
+8.1%
5.3%€10.84€9.64n/a3
Sep ’25€9.35
€10.41
+11.4%
5.3%€10.84€9.64n/a3
Aug ’25€9.07
€10.41
+14.8%
5.3%€10.84€9.64n/a3
Jul ’25€10.50
€11.16
+6.3%
7.2%€12.22€10.29n/a3
Jun ’25€10.40
€10.54
+1.4%
5.3%€11.10€9.99n/a2
May ’25€9.59
€10.54
+10.0%
5.3%€11.10€9.99n/a2
Apr ’25€9.79
€10.37
+5.9%
11.1%€11.52€9.22n/a2
Mar ’25€9.70
€10.37
+6.9%
11.1%€11.52€9.22n/a2
Feb ’25€8.23
€9.61
+16.9%
8.7%€10.45€8.78n/a2
Jan ’25€7.54
€9.42
+24.9%
4.8%€9.87€8.97n/a2
Dec ’24€6.37
€9.38
+47.4%
5.5%€9.90€8.69n/a3
Nov ’24€5.77
€9.03
+56.6%
5.4%€9.65€8.46€9.013
Oct ’24€5.56
€9.55
+71.7%
3.0%€9.89€9.20€9.643
Sep ’24€6.12
€9.55
+56.0%
3.0%€9.89€9.20€9.353
Aug ’24€6.82
€9.55
+40.1%
3.0%€9.89€9.20€9.073
Jul ’24€10.21
€10.75
+5.3%
12.0%€12.57€9.67€10.503
Jun ’24€9.92
€10.75
+8.4%
12.0%€12.57€9.67€10.403
May ’24€11.13
€10.27
-7.8%
13.1%€12.12€8.98€9.593
Apr ’24€10.75
€10.27
-4.5%
13.1%€12.12€8.98€9.793
Mar ’24€10.42
€9.16
-12.1%
3.8%€9.51€8.81€9.702

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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