Acast AB (SE:ACAST)
:ACAST
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Acast AB
(ACAST)
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Rating:60Neutral
Price Target:
kr37.00
▲(22.92% Upside)
Action:Reiterated
Date:05/09/26
The score is primarily supported by improving fundamentals (turning positive EBIT/EBITDA, near break-even net margin, and positive operating and free cash flow) and a healthy, low-leverage balance sheet. Offsetting this are a stretched valuation (P/E 70.27) and technically overbought conditions (RSI and Stoch elevated), which increase the risk of near-term volatility.
Positive Factors
Business model & network effects
Acast’s platform combining hosting, distribution and an advertising marketplace creates durable network effects: more publishers attract advertisers and vice versa. The mix of ad monetization plus hosting and service fees builds recurring revenue streams and scalable unit economics that support long-term margin expansion and customer stickiness.
Negative Factors
Profitability inconsistency
Profitability has swung materially year-to-year, with periods of profit and sizable loss and only a near-break-even TTM margin. The slightly negative ROE indicates earnings power is not yet consistently translating into shareholder returns, elevating execution risk for sustaining margins and the durability of the recent turnaround.
Read all positive and negative factors
Positive Factors
Negative Factors
Business model & network effects
Acast’s platform combining hosting, distribution and an advertising marketplace creates durable network effects: more publishers attract advertisers and vice versa. The mix of ad monetization plus hosting and service fees builds recurring revenue streams and scalable unit economics that support long-term margin expansion and customer stickiness.
Read all positive factors
Acast AB (ACAST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr6.36B
Dividend YieldN/A
Average Volume (3M)296.07K
Price to Earnings (P/E)70.3
Beta (1Y)0.23
Revenue Growth24.86%
EPS Growth83.20%
CountrySE
Employees409
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.02
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)2.48
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
kr30.00Price Target Upside-0.33% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.67
Revenue Forecast (FY)kr2.94B
Acast AB Business Overview & Revenue Model
Company Description
Acast AB (publ) operates a podcast marketplace worldwide. The company connects podcasters and advertisers through its podcast marketplace that offers reach to podcast listeners with host-front advertising campaigns, audio ads, and branded content....
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
76
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.63B | 2.52B | 1.94B | 1.64B | 1.39B | 1.03B |
| Gross Profit | 1.03B | 989.41M | 764.20M | 520.84M | 469.86M | 373.48M |
| EBITDA | 40.55M | -90.67M | 25.94M | -95.25M | -219.24M | -267.92M |
| Net Income | -2.77M | -112.41M | 78.22M | -179.68M | -286.38M | -300.39M |
Balance Sheet | ||||||
| Total Assets | 2.13B | 2.12B | 2.01B | 1.72B | 1.86B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 601.53M | 589.33M | 713.70M | 759.46M | 867.76M | 1.36B |
| Total Debt | 129.23M | 135.38M | 141.15M | 21.95M | 48.41M | 47.23M |
| Total Liabilities | 921.97M | 942.78M | 742.34M | 580.44M | 554.86M | 370.17M |
| Stockholders Equity | 1.21B | 1.18B | 1.27B | 1.14B | 1.31B | 1.49B |
Cash Flow | ||||||
| Free Cash Flow | 14.95M | -4.06M | 23.17M | -81.29M | -337.04M | -141.30M |
| Operating Cash Flow | 72.86M | 62.18M | 34.39M | -28.14M | -294.28M | -106.58M |
| Investing Cash Flow | -84.34M | -116.66M | -75.88M | -53.30M | -251.27M | -35.31M |
| Financing Cash Flow | -29.67M | -27.48M | -22.94M | -25.02M | -27.01M | 1.21B |
Acast AB Technical Analysis
Positive
30.10
Price Trends
29.10
Positive
29.44
Positive
26.19
Positive
Market Momentum
1.76
Negative
74.08
Negative
85.20
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACAST, the sentiment is Positive. The current price of 30.1 is below the 20-day moving average (MA) of 32.63, above the 50-day MA of 29.10, and above the 200-day MA of 26.19, indicating a bullish trend. The MACD of 1.76 indicates Negative momentum. The RSI at 74.08 is Negative, neither overbought nor oversold. The STOCH value of 85.20 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | kr472.26M | 14.35 | 12.65% | 9.28% | -19.83% | -72.63% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | kr6.36B | 70.27 | -3.84% | ― | 24.86% | 83.20% | |
60 Neutral | kr209.84M | 81.39 | -3.04% | 13.12% | 0.57% | -263.59% | |
48 Neutral | kr6.87B | -3.44 | -40.71% | ― | 2.65% | -152.39% | |
46 Neutral | kr125.08M | -3.18 | ― | ― | 36.87% | 23.41% | |
44 Neutral | kr50.89M | -2.47 | 27.44% | ― | -48.06% | ― |
* Communication Services Sector Average
SE:ACAST
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Acast AB Corporate Events
Acast Outlines Q1 2026 Performance and Reporting Schedule
May 5, 2026
Acast AB released its interim report for the period January 1 to March 31, 2026, outlining the group’s activities, results, and financial position for the first quarter. The report covers the entire corporate group and is part of a scheduled...
Acast Sets Webcast to Present First-Quarter 2026 Interim Report
Apr 29, 2026
Acast AB, the Nasdaq Stockholm-listed podcast infrastructure specialist, positions itself as a global authority in podcasting by enabling creators to grow and monetize content across multiple formats and helping brands buy podcast advertising at s...
Acast Publishes Comprehensive Annual Report for 2025
Apr 17, 2026
Acast AB has released its 2025 annual report, providing a comprehensive overview of the year in brief, CEO commentary, financial performance, and strategic direction. The report outlines the company’s strategy and business model, financial t...
Acast convenes 2026 AGM with capital-retention focus
Apr 15, 2026
Acast AB has called its Annual General Meeting for 19 May 2026 in Stockholm, allowing shareholders to participate either in person or via postal voting in line with its articles of association. Shareholders must be registered with Euroclear Sweden...
Acast to Power Video Podcast Distribution on Apple Podcasts via HLS
Feb 16, 2026
Acast has announced it will be among the first partners to work with Apple to distribute video podcasts to Apple Podcasts using HLS technology this spring. The collaboration will allow Acast to distribute and monetize creators’ video podcast...
Acast Sets 2026 Reporting Schedule With 2025 Year-End Release
Feb 11, 2026
Acast AB released its year-end report for the period 1 January to 31 December 2025, covering the group’s activities, results, and financial position. The company also published its 2026 financial calendar, including dates for quarterly inter...
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.