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Acast AB
(ACAST)
Select Model
Select Model
Rating:58Neutral
Price Target:
kr39.00
▲(6.85% Upside)
Action:Reiterated
Date:07/24/26
The score is primarily supported by improving fundamentals and a conservative balance sheet (positive TTM EBITDA/EBIT, stronger TTM cash generation, low leverage). Offsetting this are weak near-term technical momentum (below key moving averages with negative MACD) and an unfavorable valuation signal due to deeply negative P/E, reflecting that bottom-line earnings are not yet sustainably positive.
Positive Factors
Improving Revenue and Operating Profitability
Growing revenue alongside positive EBITDA and EBIT indicates improving operating traction and potential scale benefits. If sustained, this progress can strengthen the business model and provide a foundation for eventual consistent bottom-line profitability.
Negative Factors
Bottom-Line Profitability Remains Weak
Despite positive EBITDA and EBIT, near-zero net profitability leaves limited protection if advertising demand softens or operating costs increase. Acast still needs durable margin expansion to demonstrate that growth translates into reliable shareholder earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Operating Profitability
Growing revenue alongside positive EBITDA and EBIT indicates improving operating traction and potential scale benefits. If sustained, this progress can strengthen the business model and provide a foundation for eventual consistent bottom-line profitability.
Read all positive factors
Acast AB (ACAST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.55B
Dividend YieldN/A
Average Volume (3M)296.07K
Price to Earnings (P/E)63.0
Beta (1Y)0.27
Revenue Growth25.22%
EPS GrowthN/A
CountrySE
Employees475
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.57
Shares Outstanding182,465,260
10 Day Avg. Volume215,746
30 Day Avg. Volume296,073
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)5.28
Price to Sales (P/S)2.58
P/FCF Ratio-1.54K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr39.00Price Target Upside6.85% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.8
Revenue Forecast (FY)kr3.14B
Acast AB Business Overview & Revenue Model
Company Description
Acast AB (publ) operates an international platform that connects podcast creators with advertisers. The company empowers advertisers to engage with podcast listeners through various formats, including host-read ads, standard audio spots, and integ...
How the Company Makes Money
Acast primarily makes money by monetizing podcasts through advertising. It operates a marketplace that sells ad placements in podcasts (often using dynamic ad insertion and targeting/measurement tools), earning revenue from advertisers and typical...
Acast AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80B | 2.42B | 1.94B | 1.64B | 1.39B | 1.03B |
| Gross Profit | 1.09B | 890.66M | 764.20M | 520.84M | 469.86M | 373.48M |
| EBITDA | 178.30M | 10.90M | 25.94M | -95.25M | -219.24M | -267.92M |
| Net Income | 104.19M | -112.41M | 78.22M | -179.68M | -286.38M | -300.39M |
Balance Sheet | ||||||
| Total Assets | 2.25B | 2.12B | 2.01B | 1.72B | 1.86B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 629.54M | 589.33M | 713.70M | 759.46M | 867.76M | 1.36B |
| Total Debt | 124.81M | 135.38M | 141.15M | 21.95M | 48.41M | 47.23M |
| Total Liabilities | 999.77M | 942.78M | 742.34M | 580.44M | 554.86M | 370.17M |
| Stockholders Equity | 1.25B | 1.18B | 1.27B | 1.14B | 1.31B | 1.49B |
Cash Flow | ||||||
| Free Cash Flow | 128.63M | -4.06M | 23.17M | -81.29M | -337.04M | -141.30M |
| Operating Cash Flow | 176.36M | 62.18M | 34.39M | -28.14M | -294.28M | -106.58M |
| Investing Cash Flow | -87.90M | -116.66M | -75.88M | -53.30M | -251.27M | -35.31M |
| Financing Cash Flow | -32.67M | -27.48M | -22.94M | -25.02M | -27.01M | 1.21B |
Acast AB Technical Analysis
Neutral
36.50
Price Trends
38.12
Negative
35.30
Positive
32.41
Positive
Market Momentum
-0.66
Positive
39.92
Neutral
25.27
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACAST, the sentiment is Neutral. The current price of 36.5 is below the 20-day moving average (MA) of 36.80, below the 50-day MA of 38.12, and above the 200-day MA of 32.41, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 39.92 is Neutral, neither overbought nor oversold. The STOCH value of 25.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:ACAST.
Acast AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | kr167.95B | 34.94 | 9.48% | 4.49% | -4.06% | 14.70% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | kr6.55B | 63.02 | 8.74% | ― | 25.22% | ― | |
55 Neutral | kr354.13M | -24.23 | -4.06% | ― | 2.62% | -235.03% | |
48 Neutral | kr503.78M | 16.31 | 9.27% | ― | 1.90% | -60.00% | |
47 Neutral | kr226.27M | -1.89 | -9.30% | ― | 17.70% | 85.68% | |
46 Neutral | kr6.19B | -4.32 | -60.23% | ― | 10.33% | -163.10% |
* Communication Services Sector Average
SE:ACAST
Acast AB
36.10
17.96
99.01%
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Acast AB Corporate Events
Acast Buys Backyard Ventures to Boost Omnichannel Podcast Monetization
Aug 11, 2026
Acast AB has acquired Backyard Ventures, a U.S. creator network with more than 200 creators across audio, YouTube, newsletters and social platforms, for $20 million in cash and shares. The deal gives Acast a strategic base in Austin and significan...
Acast Publishes Interim Report for First Half of 2026
Jul 23, 2026
Acast AB has released its interim report for the period from January 1 to June 30, 2026, outlining the group’s activities, results, and financial position for the first half of the year. The company also updated investors on its financial ca...
Acast schedules webcast to present January–June 2026 interim report
Jul 14, 2026
Acast AB will publish its interim report for January–June 2026 on 23 July at 07:00 a.m. CET and will host an English-language presentation the same day at 2:00 p.m. CET. Investors, analysts, and media can join the webcast, ask questions duri...
Acast AGM backs new incentive plan and share issuance powers
May 19, 2026
Acast AB held its Annual General Meeting in Stockholm, where shareholders approved the 2025 accounts, granted discharge from liability to the board and CEO, and confirmed that no dividend will be paid for the year as the company prioritises reinve...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.