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1. Company Snapshot

1.a. Company Description

adesso SE operates as an IT service provider focusing on consulting and software development in Germany, Austria, Switzerland, and internationally.It operates through two segments, IT Services and IT Solutions.The company offers IT consulting and software development services; and distributes software products and industry-specific or industry-neutral solutions.


It serves automotive, banks/financial services, utilities, healthcare, retail, life sciences, manufacturing, media and entertainment, food, exhibition, public authorities, public transportation, and insurance industries.The company was founded in 1997 and is based in Dortmund, Germany.

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1.b. Last Insights on ADN1

The recent 3-month performance of adesso SE was negatively impacted by a decline in investor sentiment, despite robust earnings. The company's Q1 2025 earnings release showed a net loss of €0.53 per share, although revenue increased by 13% year-over-year to €358.7m. The market's underwhelming response to the earnings release suggests that investors were expecting stronger results. Additionally, the company's upcoming dividend payment, although larger than last year's, may not be enough to offset concerns about the company's profitability.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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The Strong Earnings Posted By adesso (ETR:ADN1) Are A Good Indication Of The Strength Of The Business

Nov -20

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Revenue Beat: adesso SE Exceeded Revenue Forecasts By 5.0% And Analysts Are Updating Their Estimates

Nov -15

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Sonata Software and adesso announce global alliance to deliver AI-powered modernisation and measurable value for enterprises worldwide

Oct -14

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Societe Generale: shares & voting rights as of 31 August 2025

Sep -09

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Vaisala Corporation: Share Repurchase 9.9.2025

Sep -09

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Assessing Acciona (BME:ANA)'s Valuation After Recent Subtle Moves

Sep -09

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Deutsche Bank (XTRA:DBK): Assessing Valuation After a Period of Quiet Share Price Momentum

Sep -09

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Is Vaisala (HLSE:VAIAS) Undervalued? A Fresh Look at Its Current Valuation

Sep -09

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4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (9.78%)

6. Segments

Information Technology Services

Expected Growth: 10%

Adesso SE's 10% growth in Information Technology Services is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity solutions. Additionally, the company's expertise in IT consulting, software development, and managed services contributes to its growth. Furthermore, the rising need for IT modernization, data analytics, and artificial intelligence solutions in various industries also fuels the segment's expansion.

Reconciling Items

Expected Growth: 8%

Adesso SE's 8% growth is driven by increasing demand for digital transformation services, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on cloud-based solutions, cybersecurity, and data analytics has contributed to its growth. Furthermore, Adesso SE's strong partnerships with leading technology companies and its ability to attract and retain top talent have also been key growth drivers.

information Technology Solutions

Expected Growth: 11%

Adesso SE's 11% growth in Information Technology Solutions is driven by increasing demand for digital transformation, cloud adoption, and cybersecurity services. Additionally, the company's expertise in IT consulting, software development, and managed services contributes to its growth. Furthermore, the rising need for data analytics, artificial intelligence, and IoT solutions also fuels the segment's expansion.

7. Detailed Products

adesso insurance platform

A comprehensive software solution for the insurance industry, providing policy management, claims management, and billing functions.

adesso financial platform

A modular software solution for the financial sector, offering functions for securities processing, payment transactions, and risk management.

adesso healthcare platform

A software solution for the healthcare industry, providing functions for patient data management, medical billing, and practice management.

adesso analytics

A data analytics solution providing insights and visualization tools for business intelligence and data-driven decision-making.

adesso consulting services

Expert consulting services for IT strategy, process optimization, and digital transformation.

adesso software development

Custom software development services for bespoke business applications and digital products.

8. adesso SE's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for adesso SE is medium, as the company operates in a niche market with limited alternatives. However, the increasing adoption of digital technologies may lead to the emergence of new substitutes in the future.

Bargaining Power Of Customers

The bargaining power of customers is low, as adesso SE has a diverse customer base and no single customer accounts for a significant portion of its revenue.

Bargaining Power Of Suppliers

The bargaining power of suppliers is medium, as adesso SE relies on a few key suppliers for its IT services and solutions. However, the company's strong relationships with its suppliers mitigate this risk.

Threat Of New Entrants

The threat of new entrants is low, as adesso SE operates in a niche market with high barriers to entry. The company's strong brand reputation and established customer relationships also make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The intensity of rivalry is high, as adesso SE operates in a competitive market with several established players. The company must continually innovate and differentiate itself to maintain its market share.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 40.42%
Debt Cost 11.41%
Equity Weight 59.58%
Equity Cost 12.75%
WACC 12.21%
Leverage 67.85%

11. Quality Control: adesso SE passed 2 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Crayon

A-Score: 4.5/10

Value: 3.4

Growth: 6.1

Quality: 5.3

Yield: 0.0

Momentum: 6.5

Volatility: 5.7

1-Year Total Return ->

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Addnode Group

A-Score: 4.3/10

Value: 1.9

Growth: 8.1

Quality: 6.0

Yield: 2.5

Momentum: 4.0

Volatility: 3.3

1-Year Total Return ->

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Stock-Card
Adesso

A-Score: 4.2/10

Value: 5.3

Growth: 7.1

Quality: 3.4

Yield: 0.6

Momentum: 7.0

Volatility: 2.0

1-Year Total Return ->

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Stock-Card
Nagarro

A-Score: 4.0/10

Value: 6.3

Growth: 8.1

Quality: 4.8

Yield: 1.9

Momentum: 0.5

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
Nayax

A-Score: 3.5/10

Value: 0.2

Growth: 8.1

Quality: 5.1

Yield: 0.0

Momentum: 5.0

Volatility: 2.3

1-Year Total Return ->

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Stock-Card
SQLI

A-Score: 2.8/10

Value: 3.3

Growth: 3.6

Quality: 4.1

Yield: 0.0

Momentum: 4.0

Volatility: 2.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

91.4$

Current Price

91.4$

Potential

-0.00%

Expected Cash-Flows