CDON AB (SE:CDON)
:CDON
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CDON AB
(CDON)
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Select Model
Rating:56Neutral
Price Target:
kr79.00
▲(25.40% Upside)
Action:ReiteratedDate:02/19/26
The score is held back primarily by weak financial performance—persistent losses and negative/volatile cash flow—despite a strong, low-leverage balance sheet. Technicals are supportive with an uptrend above key moving averages, but valuation is constrained by a negative P/E and no dividend yield data.
Positive Factors
Low financial leverage
A near-zero debt profile and sizeable equity provide structural financial resilience, lowering insolvency risk and preserving strategic optionality. This durability lets the company sustain short-term losses, invest in marketplace improvements, or pursue opportunistic M&A without debt-driven constraints.
Negative Factors
Persistent operating losses
Repeated operating losses erode retained earnings and constrain reinvestment capacity over time. Even with margin expansion, sustained negative profitability requires structural cost cuts or higher volume to reach break-even, otherwise equity could be depleted despite low leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Low financial leverage
A near-zero debt profile and sizeable equity provide structural financial resilience, lowering insolvency risk and preserving strategic optionality. This durability lets the company sustain short-term losses, invest in marketplace improvements, or pursue opportunistic M&A without debt-driven constraints.
Read all positive factors
CDON AB (CDON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr767.91M
Dividend YieldN/A
Average Volume (3M)3.41K
Price to Earnings (P/E)―
Beta (1Y)0.47
Revenue GrowthN/A
EPS GrowthN/A
CountrySE
Employees66
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)1.11
Shares Outstanding11,259,717
10 Day Avg. Volume1,375
30 Day Avg. Volume3,409
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.23
Price to Sales (P/S)1.55
P/FCF Ratio-56.90
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)-1.63
Revenue Forecast (FY)kr490.44M
CDON AB Business Overview & Revenue Model
Company Description
CDON 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 sup...
How the Company Makes Money
CDON primarily makes money through its marketplace model. Key revenue streams typically include: (1) commissions or take-rates charged to third-party merchants on completed sales made via the platform (often calculated as a percentage of gross mer...
CDON AB Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
72
Positive
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 444.00M | 435.20M | 468.70M | 461.20M | 542.20M |
| Gross Profit | 365.60M | 333.00M | 323.40M | 227.10M | 226.90M |
| EBITDA | -56.30M | -26.90M | -7.30M | -130.80M | -60.70M |
| Net Income | -56.80M | -110.90M | -68.60M | -149.90M | -62.60M |
Balance Sheet | |||||
| Total Assets | 802.40M | 875.60M | 954.30M | 237.70M | 380.90M |
| Cash, Cash Equivalents and Short-Term Investments | 149.60M | 144.90M | 153.80M | 123.10M | 202.90M |
| Total Debt | 0.00 | 7.10M | 6.40M | 0.00 | 0.00 |
| Total Liabilities | 241.60M | 299.60M | 267.20M | 193.20M | 181.20M |
| Stockholders Equity | 560.80M | 576.00M | 687.10M | 44.50M | 189.90M |
Cash Flow | |||||
| Free Cash Flow | -12.10M | -8.80M | -14.90M | -78.10M | -127.00M |
| Operating Cash Flow | -12.00M | 15.20M | -700.00K | -56.00M | -105.40M |
| Investing Cash Flow | -24.90M | -24.00M | 23.80M | -23.40M | -52.90M |
| Financing Cash Flow | 41.60M | 0.00 | 7.50M | 100.00K | 188.40M |
CDON AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr1.20B | 14.48 | ― | 4.49% | 9.46% | 59.55% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | kr767.91M | -12.12 | ― | ― | ― | ― | |
49 Neutral | kr311.03M | -37.08 | ― | ― | 27.27% | -1165.24% | |
42 Neutral | kr62.18M | -3.47 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
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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.