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adesso

GER:ADN1 · DE000A0Z23Q5
IT ServicesMedium

360

69
EV / EBIT32
Price / Owner Earnings72
Owner Earnings Yield60
Dividend Yield69
Price/Sales100
EV / Gross Profit66
Price/Book70
Return on Capital46
Cash Return on Capital45
Return on Equity65
EBIT Margin27
Gross Profitability63
Cash Conversion74
Accruals52
Owner Earnings Margin27
Sales growth67
Profit Growth31
Long-Term EPS Growth100
Owner Earnings Growth98
Reinvestment68
Price momentum20
Debt load5
Refinancing90
Debt Payback10
Liquidity32
Analyst ratings58
Opinion Changes50
Price Target Upside93
Market mood89
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

adesso generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryGermany
IndustryIT Services
SizeMedium
TypePublic Company
ExchangeXTRA
Employees5,425
Websiteadesso.de
ISINDE000A0Z23Q5
Last UpdateApr 2, 2026
Indices
CDAX (Germany)SDAX (Germany)
Themes
Customer Relationship ManagementSoftware DevelopmentInformation TechnologySoftware

Description

adesso SE provides IT services and solutions, focusing on consulting and software development. The company operates through two primary segments: IT Services and IT Solutions. In the IT Services segment, the company delivers industry-specific consult…

Analysis

Middle-of-the-road

adesso SE is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

The price is attractive. You pay 7.7× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone. At today's price, the market is assuming roughly -7% yearly growth; analysts expect 38%. The price, in other words, assumes less than the experts do.

The trajectory is solid and the balance sheet is stretched. The company scores 14/20 on our value-creation score: strong value creator.

What to watch: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
75
2023202420252026

All-time high

93

Jan 2023

All-time low

40

Jan 2024

Average rank

62

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
100
87
85
68
Price/Earnings
67
51
51
42
Price/Book
70
61
62
42
Dividend Yield
69
53
60
57
Value (overall)
96
69
75
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →