Tourn International AB (TOURN) AI Stock Analysis

• Market Cap: kr39.01M
• Dividend Yield: N/A
• Average Volume (3M): 3.14K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.33
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: SE
• Employees: 12
• Sector: Services
• Sector Strength: N/A
• Industry: Internet Content & Information
• EPS (TTM): -0.30
• Shares Outstanding: 9,753,350
• 10 Day Avg. Volume: 2,348
• 30 Day Avg. Volume: 3,144
• PEG Ratio: 0.25
• Price to Book (P/B): 3.25
• Price to Sales (P/S): 1.02
• P/FCF Ratio: -2.23
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 4.64
• Revenue Forecast (FY): kr1.31B

• Rating: 44 Neutral
• Price Target: kr4.00 ▼(-18.03% Downside)

The score is primarily weighed down by weak financial performance (declining revenue, ongoing losses, and negative free cash flow). Technicals are only mildly supportive in the near term, and valuation is constrained by losses (negative P/E) with no dividend support.

Tourn International AB Business Overview & Revenue Model

Company Description

Tourn International AB (publ) offers advertising services for brands and influencers. It provides technology and systems that enables media houses to advertise on the various social media platforms, as well as allows publishers and influencers to monetize their platforms. The company was formerly known as INEV Studios AB (publ) and changed its name to Tourn International AB (publ) in 2015. Tourn International AB (publ) was founded in 2014 and is based in Stockholm, Sweden.

How the Company Makes Money

Tourn International AB Financial Statement Overview

Summary

Overall fundamentals are weak: TTM revenue declined (-6.5%), the company remains materially unprofitable (about -20% net margin), and both operating cash flow and free cash flow are negative with deteriorating FCF. The balance sheet is a relative support (low debt-to-equity ~0.13), but equity has eroded and ROE is deeply negative (~-74%).

Income Statement

TTM (Trailing-Twelve-Months) revenue declined (-6.5%) and the company remains structurally unprofitable, with negative EBIT and net margin (about -20%). While gross margin is positive (about 26%) and EBIT margin has improved versus 2024 (less negative), profitability is still meaningfully weak and far from breakeven. Longer-term trend is also concerning: revenue has contracted materially from 2022–2025, and losses have persisted after the 2020 profit year.

Balance Sheet

Leverage looks manageable: TTM (Trailing-Twelve-Months) debt is low relative to equity (debt-to-equity ~0.13), which reduces financial risk. However, the equity base has fallen sharply versus prior years (from 2021–2024), and returns on equity are deeply negative (TTM ROE roughly -74%), reflecting ongoing losses and erosion of shareholder value despite modest debt levels.

Cash Flow

Cash generation is weak: TTM (Trailing-Twelve-Months) operating cash flow and free cash flow are both negative, and free cash flow deteriorated versus the prior period (down ~39%). The business is not self-funding at this stage, though operating cash burn improved significantly compared with 2024 (less negative operating cash flow). Overall, persistent negative free cash flow remains a key risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	63.30M	69.17M	100.88M	140.99M	128.95M	87.60M
Gross Profit	16.60M	19.79M	21.49M	27.28M	25.31M	33.11M
EBITDA	-10.77M	-17.94M	-15.67M	-17.26M	-5.60M	31.77M
Net Income	-12.58M	-15.25M	-18.59M	-27.32M	-5.66M	13.80M
Balance Sheet
Total Assets	38.85M	52.55M	67.10M	92.81M	108.22M	61.60M
Cash, Cash Equivalents and Short-Term Investments	2.10M	8.84M	29.37M	49.97M	58.53M	3.23M
Total Debt	1.71M	0.00	0.00	0.00	0.00	2.50M
Total Liabilities	23.03M	24.74M	30.42M	43.23M	39.90M	46.85M
Stockholders Equity	12.81M	21.64M	33.30M	49.59M	68.32M	14.72M
Cash Flow
Free Cash Flow	-8.30M	-31.64M	-27.32M	-11.50M	-19.67M	-4.05M
Operating Cash Flow	-4.88M	-25.38M	-21.08M	-4.55M	-16.71M	-4.05M
Investing Cash Flow	-3.72M	-8.47M	-6.24M	-4.01M	12.42M	295.00K
Financing Cash Flow	0.00	13.48M	6.72M	0.00	59.60M	0.00

Tourn International AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
BUSER	47 Neutral	kr95.20M	-0.82	―	―	―	―
TOURN	44 Neutral	kr39.01M	-3.10	―	―	―	―
SCOUT	43 Neutral	kr33.67M	-3.83	―	―	―	―
RAKE	40 Underperform	kr89.63M	-0.15	―	―	-47.47%	-524.00%