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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Kristoffer Lindström

Equity Analyst

kristoffer.lindstrom@redeye.se

+46854501330

Company Quality

  • 9.0
  • 9.0
  • 5.0
  • 7.0
  • 7.0

Leadership

Exclusive for members
Addnode Group has a highly experienced and motivated management. CEO Staffan Hanstorp is the founder of one of the company's subsidiaries and major shareholder in Addnode Group. Management has, one of the few consulting firms, have been successful in growing through careful acquisitions.

Ownership

Exclusive for members

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Profit outlook

Exclusive for members

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Profitability

Exclusive for members

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Capital Strength

Exclusive for members

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Key Model Assumptions - The Bear Case

Exclusive for members

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

Exclusive for members

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Latest price

Exclusive for members

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Addnode Group was established in 2003 and is listed on Nasdaq OMX Stockholm. In 2015 Addnode had a turnover of SEK 1.9 billion, with an EBITDA of SEK 168 million. Read more...
Addnode Group was established in 2003 and is listed on Nasdaq OMX Stockholm. In 2015 Addnode had a turnover of SEK 1.9 billion, with an EBITDA of SEK 168 million. The company had at the end of 2015, approximately 1200 employees. Addnode Group is divided into four business areas: Design Management, Product Lifecycle Management, Process Management and Content Management. The four business segments operate in different regions with about 20 different brands. Operating margin varies considerably between the various business areas where the most profitable can perform up to 20 percent while the company's smallest business area recorded the loss in individual quarters. Addnode Group uses a very decentralized management model where the individual subsidiaries are run by management teams to maintain an entrepreneurial spirit. A key growth strategy in Addnode Group is to grow through acquisitions, which they managed to do successfully in recent years. The company had at the end of 2015 a net debt of -30 million. The company's own financial goals is to reach a growth of 10 percent per year (both organically and through acquisitions), an EBITA margin of 10 percent and at least 50 percent of profit after tax will be distributed to shareholders. Less...

TODAY

Day High
67.00
67.00
0.25
+ 0.4%
Day Low
67.00
Day Open
67.00
Prev Close
66.75
VWAP
67.0
Volume
1K
Turnover
0.070M
Top Broker
SHB
VWAP
67.1
Avg Volume
5K
Avg Turnover
0.336M
Top Brokers
NON/ENS

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
2,031.0M
Total Return
27.2%
Trailing P/E
17.9
Div Yield
3.4%
Shares Outstanding
30.4M
Next Earnings Date
27 Apr
Stock Exchange
NASDAQ Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months 12.7%
Rel Price Chg 12 Months 5.2%
Volume Trend
Avg Vol 10 vs 60 Days -71.6%
Price vs...
52-Week High -11.0%
50-Day Moving Average -0.9%
200-Day Moving Average 9.9%

Historic pricing of Addnode Group

Last price: 67.00 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Staffan Hanstorp, CEO
Johan Andersson, CFO

Executive Board

Sigrun Hjelmquist, Chairman of the board
Jan Andersson
Krisofer Arwin
Dick Hasselström
Annika Viklund
Thord Wilkne

Last updated: 2017-02-16 Source: Redeye

Major Holders

Owner Equity Votes
Vidinova AB 24.4%
26.8%
Areto Capital Group 12.4%
23.6%
Swedbank Robur Fonder 9.6%
7.3%
Lannebo Fonder 9.0%
6.9%
Handelsbanken Fonder 5.2%
4.0%
Didner & Gerge Fonder 3.3%
2.5%
Fjärde AP-fonden 2.9%
2.2%
Grenspecialisten Förvaltning 2.6%
2.0%
E Öhman Fonder 2.3%
1.8%
Avanza Pension 2.2%
1.7%

Last updated: 2017-02-16 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Kvist, Malin ANB Sale + 37 194
2015-12-15 Kvist, Malin ANB Sale + 76 90
2015-12-15 Svensson, Sture ANB Sale + 59 177
2015-12-15 Svensson, Kim ANB Sale + 81 146
2015-12-15 Svensson, Sture ANB Sale + 96 71

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • 19.3%
  • 21.8%
  • 20.9%
  • 14.5%
  • 11.9%
  • 10.1%
  • 5.57
  • 4.72
  • 2.25
  • -2.45
  • 29.6M
  • 1,910.8
  • 12.0
  • 14.2
  • 1.2
  • 1.2
  • 8.1
  • 9.9
  • 2.3
  • 56.1%
  • 0.0%
  • -72
  • 800
  • 1.0
2015
  • 10.7%
  • 13.2%
  • 12.1%
  • 9.6%
  • 6.6%
  • 5.0%
  • 3.14
  • 3.14
  • 2.25
  • 0.78
  • 30.4M
  • 2,062.3
  • 21.3
  • 21.3
  • 1.1
  • 1.1
  • 11.4
  • 16.4
  • 2.2
  • 48.5%
  • 6.8%
  • 24
  • 940
  • 1.0
2016
  • 12.1%
  • 10.4%
  • 12.1%
  • 5.2%
  • 5.2%
  • 5.2%
  • 3.74
  • 3.74
  • 2.25
  • 2.16
  • 30.4M
  • 2,104.4
  • 17.9
  • 17.9
  • 0.9
  • 1.0
  • 18.5
  • 18.5
  • 2.1
  • 48.6%
  • 9.1%
  • 66
  • 1,031
  • 1.1
2017E
  • 11.5%
  • 12.6%
  • 11.0%
  • 9.6%
  • 6.4%
  • 5.0%
  • 3.73
  • 3.73
  • 2.35
  • 0.75
  • 30.4M
  • 2,061.5
  • 18.0
  • 18.0
  • 0.9
  • 0.9
  • 9.5
  • 14.2
  • 1.9
  • 46.2%
  • 7.2%
  • 23
  • 1,033
  • 1.0
2018E
  • 14.5%
  • 16.3%
  • 14.8%
  • 11.7%
  • 8.1%
  • 6.4%
  • 5.02
  • 5.02
  • 3.00
  • 0.64
  • 30.4M
  • 2,058.0
  • 13.4
  • 13.4
  • 0.8
  • 0.9
  • 7.3
  • 10.5
  • 1.8
  • 48.2%
  • 6.4%
  • 19
  • 1,110
  • 1.1
2019E
  • 15.2%
  • 17.6%
  • 15.5%
  • 12.2%
  • 8.7%
  • 6.8%
  • 5.65
  • 5.65
  • 3.50
  • -0.89
  • 30.4M
  • 2,011.6
  • 11.9
  • 11.9
  • 0.8
  • 0.8
  • 6.5
  • 9.1
  • 1.7
  • 49.5%
  • 5.0%
  • -27
  • 1,144
  • 1.1
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 1,631
  • -1,395
  • 236
  • -43
  • 0
  • 34
  • 193
  • 0
  • 1
  • 0
  • 195
  • -30
  • 140
2015
  • 1,901
  • -1,719
  • 182
  • -56
  • 0
  • 0
  • 126
  • 0
  • -1
  • 0
  • 125
  • -29
  • 96
2016
  • 2,195
  • -2,081
  • 114
  • 0
  • 0
  • 0
  • 114
  • 0
  • 0
  • 0
  • 114
  • 0
  • 114
2017E
  • 0
  • 5
  • 3
  • 3
  • 9
  • 4
  • 2
  • 2
  • 7
  • 0
  • 9
  • 5
  • 6
Q1E
  • 2
  • 0
  • 4
  • 0
  • 10
  • 10
  • 5
  • 0
  • 2
  • 7
  • 10
  • 5
  • 4
Q2E
  • 8
  • 8
  • 6
  • 2
  • 4
  • 2
  • 8
  • 7
  • 0
  • 2
  • 9
  • 0
  • 10
Q3E
  • 7
  • 4
  • 2
  • 1
  • 7
  • 9
  • 8
  • 10
  • 3
  • 2
  • 4
  • 8
  • 6
Q4E
  • 0
  • 9
  • 2
  • 3
  • 8
  • 4
  • 1
  • 7
  • 7
  • 5
  • 6
  • 4
  • 5
2017E
  • 1
  • 5
  • 7
  • 9
  • 2
  • 9
  • 0
  • 4
  • 5
  • 3
  • 6
  • 1
  • 5
2018E
  • 5
  • 2
  • 10
  • 6
  • 10
  • 1
  • 8
  • 6
  • 4
  • 6
  • 10
  • 8
  • 5
Q1E
  • 8
  • 6
  • 2
  • 0
  • 7
  • 3
  • 8
  • 7
  • 6
  • 8
  • 3
  • 4
  • 1
Q2E
  • 4
  • 4
  • 10
  • 1
  • 1
  • 1
  • 1
  • 9
  • 8
  • 2
  • 8
  • 10
  • 0
Q3E
  • 6
  • 8
  • 9
  • 10
  • 8
  • 9
  • 10
  • 5
  • 5
  • 5
  • 3
  • 4
  • 6
Q4E
  • 2
  • 0
  • 8
  • 7
  • 7
  • 5
  • 0
  • 8
  • 5
  • 5
  • 8
  • 7
  • 10
2018E
  • 6
  • 6
  • 10
  • 3
  • 4
  • 1
  • 0
  • 4
  • 3
  • 3
  • 2
  • 8
  • 6
2019E
  • 3
  • 3
  • 10
  • 4
  • 7
  • 5
  • 9
  • 9
  • 10
  • 5
  • 3
  • 8
  • 7
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 72
  • 547
  • 1
  • 0
  • 620
  • 27
  • 0
  • 35
  • 739
  • 0
  • 136
  • 0
  • 937
  • 0
  • 1,557
  • 0
  • 0
  • 631
  • 631
  • 0
  • 54
  • 0
  • 684
  • 0
  • 0
  • 873
  • 0
  • 873
  • 1,557
2015
  • 103
  • 662
  • 1
  • 0
  • 766
  • 35
  • 0
  • 30
  • 889
  • 0
  • 172
  • 0
  • 1,125
  • 0
  • 1,891
  • 127
  • 0
  • 746
  • 872
  • 0
  • 102
  • 0
  • 975
  • 0
  • 0
  • 917
  • 0
  • 917
  • 1,891
2016
  • 112
  • 646
  • 1
  • 0
  • 759
  • 37
  • 0
  • 24
  • 972
  • 0
  • 194
  • 0
  • 1,227
  • 0
  • 1,986
  • 177
  • 0
  • 776
  • 953
  • 0
  • 68
  • 0
  • 1,021
  • 0
  • 0
  • 965
  • 0
  • 965
  • 1,986
2017E
  • 0
  • 2
  • 3
  • 3
  • 7
  • 5
  • 7
  • 6
  • 1
  • 8
  • 5
  • 8
  • 8
  • 1
  • 0
  • 6
  • 8
  • 10
  • 7
  • 3
  • 8
  • 3
  • 9
  • 3
  • 7
  • 7
  • 0
  • 6
  • 8
2018E
  • 7
  • 10
  • 6
  • 9
  • 0
  • 10
  • 5
  • 5
  • 8
  • 9
  • 1
  • 10
  • 4
  • 9
  • 6
  • 4
  • 5
  • 4
  • 3
  • 8
  • 9
  • 1
  • 1
  • 7
  • 6
  • 1
  • 9
  • 6
  • 9
2019E
  • 1
  • 5
  • 10
  • 8
  • 0
  • 10
  • 7
  • 10
  • 4
  • 5
  • 8
  • 0
  • 6
  • 3
  • 9
  • 3
  • 5
  • 2
  • 5
  • 1
  • 2
  • 1
  • 6
  • 7
  • 9
  • 10
  • 2
  • 4
  • 1
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 1,631
  • -1,395
  • -43
  • 193
  • -36
  • 164
  • 43
  • 207
  • -19
  • -42
  • 149
2015
  • 1,901
  • -1,719
  • -56
  • 126
  • -29
  • 97
  • 56
  • 152
  • -0
  • -244
  • 147
2016
  • 2,195
  • -2,081
  • 0
  • 114
  • 0
  • 114
  • 0
  • 114
  • 46
  • -101
  • -23
2017E
  • 1
  • 4
  • 0
  • 2
  • 10
  • 7
  • 4
  • 9
  • 5
  • 3
  • 8
2018E
  • 2
  • 10
  • 1
  • 4
  • 5
  • 10
  • 7
  • 6
  • 3
  • 8
  • 10
2019E
  • 2
  • 9
  • 10
  • 10
  • 10
  • 7
  • 4
  • 10
  • 4
  • 6
  • 6
Previous year Next year
More