Addnode Group Valuation
Is 0GMG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
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 0GMG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 0GMG (SEK98) is trading below our estimate of fair value (SEK100)
Significantly Below Fair Value: 0GMG is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 0GMG?
Key metric: As 0GMG is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is 0GMG's PE Ratio? | |
|---|---|
| PE Ratio | 35.1x |
| Earnings | SEK 378.00m |
| Market Cap | SEK 13.28b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2.7x |
| Enterprise Value/EBITDA | 20.8x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does 0GMG's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 23.7x | ||
KNOS Kainos Group | 42.3x | 22.99% | UK£1.3b |
SCT Softcat | 22.4x | 8.85% | UK£3.0b |
CCC Computacenter | 20.1x | 10.21% | UK£3.2b |
FDM FDM Group (Holdings) | 9.9x | -10.82% | UK£153.1m |
0GMG Addnode Group | 35.1x | 18.88% | SEK 13.3b |
Price-To-Earnings vs Peers: 0GMG is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the peer average (23.7x).
Price to Earnings Ratio vs Industry
How does 0GMG's PE Ratio compare vs other companies in the European IT Industry?
| 4 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: 0GMG is expensive based on its Price-To-Earnings Ratio (35.1x) compared to the European IT industry average (18.7x).
Price to Earnings Ratio vs Fair Ratio
What is 0GMG'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 35.1x |
| Fair PE Ratio | 37.3x |
Price-To-Earnings vs Fair Ratio: 0GMG is good value based on its Price-To-Earnings Ratio (35.1x) compared to the estimated Fair Price-To-Earnings Ratio (37.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | SEK 98.00 | SEK 132.25 +34.95% | 4.49% | SEK 140.00 | SEK 124.00 | n/a | 4 |
| Nov ’26 | SEK 111.00 | SEK 132.25 +19.14% | 4.49% | SEK 140.00 | SEK 124.00 | n/a | 4 |
| Oct ’26 | SEK 103.80 | SEK 126.25 +21.63% | 3.28% | SEK 130.00 | SEK 120.00 | n/a | 4 |
| Sep ’26 | SEK 115.00 | SEK 125.00 +8.70% | 4.90% | SEK 130.00 | SEK 115.00 | n/a | 4 |
| Aug ’26 | SEK 110.20 | SEK 125.00 +13.43% | 4.90% | SEK 130.00 | SEK 115.00 | n/a | 4 |
| Jul ’26 | SEK 109.60 | SEK 119.00 +8.58% | 3.31% | SEK 125.00 | SEK 115.00 | n/a | 4 |
| Jun ’26 | SEK 102.80 | SEK 111.25 +8.22% | 6.65% | SEK 120.00 | SEK 100.00 | n/a | 4 |
| May ’26 | SEK 83.50 | SEK 118.75 +42.22% | 6.23% | SEK 130.00 | SEK 110.00 | n/a | 4 |
| Apr ’26 | SEK 101.60 | SEK 128.25 +26.23% | 7.53% | SEK 136.00 | SEK 112.00 | n/a | 4 |
| Mar ’26 | SEK 105.60 | SEK 128.25 +21.45% | 7.53% | SEK 136.00 | SEK 112.00 | n/a | 4 |
| Feb ’26 | SEK 118.10 | SEK 118.00 -0.085% | 7.41% | SEK 128.00 | SEK 107.00 | n/a | 4 |
| Jan ’26 | SEK 103.80 | SEK 121.67 +17.21% | 5.71% | SEK 128.00 | SEK 112.00 | n/a | 3 |
| Dec ’25 | SEK 100.50 | SEK 121.67 +21.06% | 5.71% | SEK 128.00 | SEK 112.00 | SEK 99.40 | 3 |
| Nov ’25 | SEK 105.80 | SEK 121.67 +15.00% | 5.71% | SEK 128.00 | SEK 112.00 | SEK 111.00 | 3 |
| Oct ’25 | SEK 108.70 | SEK 121.00 +11.32% | 5.27% | SEK 126.00 | SEK 112.00 | SEK 103.80 | 3 |
| Sep ’25 | SEK 108.90 | SEK 121.00 +11.11% | 5.27% | SEK 126.00 | SEK 112.00 | SEK 115.00 | 3 |
| Aug ’25 | SEK 104.40 | SEK 121.00 +15.90% | 5.27% | SEK 126.00 | SEK 112.00 | SEK 110.20 | 3 |
| Jul ’25 | SEK 124.80 | SEK 127.00 +1.76% | 7.16% | SEK 139.00 | SEK 117.00 | SEK 109.60 | 3 |
| Jun ’25 | SEK 121.20 | SEK 123.50 +1.90% | 5.26% | SEK 130.00 | SEK 117.00 | SEK 102.80 | 2 |
| May ’25 | SEK 114.60 | SEK 123.50 +7.77% | 5.26% | SEK 130.00 | SEK 117.00 | SEK 83.50 | 2 |
| Apr ’25 | SEK 113.89 | SEK 117.00 +2.73% | 11.11% | SEK 130.00 | SEK 104.00 | SEK 101.60 | 2 |
| Mar ’25 | SEK 109.23 | SEK 117.00 +7.12% | 11.11% | SEK 130.00 | SEK 104.00 | SEK 105.60 | 2 |
| Feb ’25 | SEK 93.53 | SEK 109.50 +17.08% | 8.68% | SEK 119.00 | SEK 100.00 | SEK 118.10 | 2 |
| Jan ’25 | SEK 85.93 | SEK 105.00 +22.19% | 4.76% | SEK 110.00 | SEK 100.00 | SEK 103.80 | 2 |
| Dec ’24 | SEK 74.88 | SEK 108.00 +44.24% | 5.45% | SEK 114.00 | SEK 100.00 | SEK 100.50 | 3 |
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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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/04 21:48 |
| End of Day Share Price | 2025/12/04 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Addnode Group AB (publ) is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Fredrik Nilsson | ABG Sundal Collier Sponsored |
| Martin Karlsen | DNB Carnegie |