adesso SE

ADN1.DE

Information Technology Services · Technology

Also trades as: 0N5I.L

Exchange

Frankfurt Stock Exchange

Winston Score

Winston is curious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Strong

Cash Flow

Strong

Stability

Mixed

Valuation

Strong

Dividends

Good

Track this stock — start free trial

Winston Score History

The full picture

adesso SE is a German IT services company that helps businesses plan, build, and run software systems. It mainly serves large organizations in industries like insurance, healthcare, banking, and government. The company is one of the larger independent IT consultancies based in Germany.

adesso makes money by charging clients for consulting hours, software development projects, and ongoing IT support contracts. It operates primarily in German-speaking Europe — Germany, Austria, and Switzerland — with a growing presence in other European countries. The company's main competitive advantage is its deep expertise in specific industries, which makes it harder for clients to switch to a generic IT provider. The biggest risk the business faces is margin pressure, since IT services firms rely heavily on hiring and retaining skilled workers, and rising labor costs can quickly squeeze profits when gross margins are already thin at around 14%.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+11.2% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

-270.6% YoY

YoY Growth Rate

Earnings declining

Insider Activity

52.1%ownership

↓ Declining

Insider ownership declining — could be dilution or selling

Cash Position

Cash flow positive

€79M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

adesso SE is a rare growth stock that's already generating positive cash flow while growing at 11%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

8.7%

Thin — 8.7% gross margin

Profit after running costs

Operating Margin

-0.8%

Losing money on operations — -0.8%

Return on the money invested

ROCE

13.0%

Good — 13.0% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+12.5%

Fast-growing sales (+12.5% YoY)

Profit growth

EPS YoY

+51.1%

Earnings growing fast (+51.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

496%

Turns 496% of profit into real cash

Spare cash per sale

FCF Margin

4.9%

Thin free cash flow (4.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

1.36

Elevated debt (1.36)

Covers its interest

Interest Cover

3.77x

Tight — interest eats into profit (3.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

21.0x

no trend

Growth-priced — P/E 21.0

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+12.9

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (21.0 → 8.1)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

1.28%

no trend

Small dividend — 1.28% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record

Dividend Growth

+41.2%

no trend

Dividend growing fast (41.2% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial