Education
About Us
Working with TipRanks
Follow Us
CDON AB (SE:CDON)
:CDON
Top Page
CDON AB
(CDON)
Select Model
Select Model
Rating:51Neutral
Price Target:
kr63.00
▲(0.00% Upside)
The score is held back primarily by persistent losses and weak/volatile cash generation despite a strong revenue rebound and very high gross margin. Technicals are mildly bearish, and valuation support is limited because earnings are negative and no dividend yield is provided.
CDON AB (CDON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr666.18M
Dividend YieldN/A
Average Volume (3M)3.41K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue GrowthN/A
EPS GrowthN/A
CountrySE
Employees66
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-0.89
Shares Outstanding10,540,867
10 Day Avg. Volume1,375
30 Day Avg. Volume3,409
Financial Highlights & Ratios
PEG Ratio-0.14
Price to Book (P/B)1.64
Price to Sales (P/S)2.17
P/FCF Ratio-107.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CDON AB Business Overview & Revenue Model
Company DescriptionCDON AB operates online marketplace in Nordic region. The company's marketplace allows customers to buy and compare prices for millions of products from a range of Nordic e-retailers. It offers consumer electronics, movie, music, games, office supplies, books, toys, household appliances, sport, outdoor, beauty care, fashion, and shoes products. The company was founded in 1999 and is based in Malmo, Sweden. CDON AB is a subsidiary of Nelly Group AB (publ).
How the Company Makes Money
CDON AB Financial Statement Overview
Summary
Strong TTM revenue rebound (+160.7%) and exceptionally high gross margin (81.5%) are positives, supported by a debt-free balance sheet and sizable equity cushion. However, profitability remains meaningfully negative (EBIT margin -15.5%, net margin -19.4%) and cash flow is fragile with sharply lower free cash flow year-over-year (-94.9%), limiting confidence in sustained operating leverage.Income Statement
TTM (Trailing-Twelve-Months) revenue rebounded strongly (+160.7%) and gross margin remains exceptionally high (81.5%), suggesting a more favorable mix. However, profitability is still weak: EBIT margin is -15.5% and net margin is -19.4% in TTM, with losses persisting across the period (2021–TTM). While losses improved versus 2024 (net loss -83.3m vs -110.9m), the business has not yet demonstrated consistent operating leverage or a clear path to sustained earnings.Balance Sheet
The balance sheet is a relative strength: TTM shows zero debt and a sizable equity base (558.3m) against 745.0m of assets, which reduces financial risk and interest burden. That said, returns remain negative (TTM return on equity -15.0%), reflecting that capital is not currently generating profits, and equity has trended down from 2023 (687.1m) to TTM (558.3m).Cash Flow
Cash generation is fragile. TTM operating cash flow is positive (3.2m) and free cash flow is slightly positive (0.8m), but both are down sharply year-over-year (free cash flow growth -94.9%). Cash flow support for earnings remains limited (TTM operating cash flow to net income ~1.7%), and the multi-year pattern includes several periods of negative operating and free cash flow (notably 2021–2023 and 2024 free cash flow -8.8m).| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 430.00M | 435.20M | 468.70M | 461.20M | 542.20M | 795.30M |
| Gross Profit | 350.60M | 333.00M | 323.40M | 227.10M | 226.90M | 250.70M |
| EBITDA | -33.20M | -26.90M | -7.30M | -130.80M | -60.70M | -5.30M |
| Net Income | -83.30M | -110.90M | -68.60M | -149.90M | -62.60M | -6.30M |
Balance Sheet | ||||||
| Total Assets | 745.00M | 875.60M | 954.30M | 237.70M | 380.90M | 295.70M |
| Cash, Cash Equivalents and Short-Term Investments | 87.20M | 144.90M | 153.80M | 123.10M | 202.90M | 173.30M |
| Total Debt | 0.00 | 7.10M | 6.40M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 186.70M | 299.60M | 267.20M | 193.20M | 181.20M | 236.80M |
| Stockholders Equity | 558.30M | 576.00M | 687.10M | 44.50M | 189.90M | 61.00M |
Cash Flow | ||||||
| Free Cash Flow | 800.00K | -8.80M | -14.90M | -78.10M | -127.00M | 6.80M |
| Operating Cash Flow | 3.20M | 15.20M | -700.00K | -56.00M | -105.40M | 29.60M |
| Investing Cash Flow | -18.80M | -24.00M | 23.80M | -23.40M | -52.90M | -22.80M |
| Financing Cash Flow | 35.20M | 0.00 | 7.50M | 100.00K | 188.40M | -34.40M |
CDON AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr1.24B | 19.24 | ― | 4.49% | 9.46% | 59.55% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | kr83.95M | ― | ― | ― | ― | ― | |
56 Neutral | kr463.98M | -19.39 | ― | ― | 27.27% | -1165.24% | |
51 Neutral | kr666.18M | -8.26 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
SE:CDON
CDON AB
63.20
-24.20
-27.69%
DE:879
Desenio Group AB
0.01
-0.02
-66.67%
DE:959
Pierce Group AB
1.21
0.59
94.35%
SE:BOKUS
Bokusgruppen AB
76.60
32.25
72.72%
SE:OBAB
Online Brands Nordic AB
18.05
4.20
30.32%
SE:BBROOM
New Bubbleroom Sweden AB
5.40
1.38
34.33%
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.