TradeDoubler AB (TRAD) AI Stock Analysis

• Market Cap: kr438.84M
• Dividend Yield: N/A
• Average Volume (3M): 56.67K
• Price to Earnings (P/E): 42.5
• Beta (1Y): 0.43
• Revenue Growth: 5.16%
• EPS Growth: -63.53%
• Country: SE
• Employees: 360
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 0.06
• Shares Outstanding: 61,236,600
• 10 Day Avg. Volume: 107,295
• 30 Day Avg. Volume: 56,674
• PEG Ratio: 0.50
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.08
• P/FCF Ratio: 9.40
• 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

• Rating: 64 Neutral
• Price Target: kr8.00 ▲(7.53% Upside)

TradeDoubler AB's solid financial performance, particularly in cash management and revenue growth, is a strong point. However, the stock's high valuation and mixed technical indicators suggest caution. The lack of profitability and absence of earnings call insights further weigh on the overall score.

TradeDoubler AB Business Overview & Revenue Model

Company Description

Tradedoubler AB (publ), together with its subsidiaries, provides performance marketing services and technology solutions for publishers and advertisers worldwide. It offers affiliate marketing solutions; white-label partner management platform to manage and run affiliate networks; business intelligence solutions; full service programmatic solutions to identify and connect with customers; and campaign management solutions. The company also provides Metapic, a platform for product recommendations that helps advertisers and digital creatives to enhance through reader engaging content. In addition, it offers tracking solutions, such as global, cookie less, cross device, voucher code, product level, and call tracking, as well as container tag solutions; and integration solutions, including products, vouchers, conversions, and claims APIs. The company was incorporated in 1999 and is based in Stockholm, Sweden. Tradedoubler AB (publ) is a subsidiary of Reworld Media S.A.

How the Company Makes Money

TradeDoubler generates revenue primarily through performance-based marketing services, where it earns commissions based on the sales or leads generated by its affiliate partners. The company operates a robust affiliate network, connecting advertisers with publishers who promote their products and services. Revenue streams include affiliate commissions, setup fees, and subscription models for its marketing technology solutions. Additionally, TradeDoubler may engage in strategic partnerships with online retailers and brands to enhance its service offerings and expand its market reach, contributing to its overall earnings.

TradeDoubler AB Financial Statement Overview

Summary

TradeDoubler AB shows a solid financial position with consistent revenue growth over the years, stable margins, and strong cash flow generation. The company maintains low leverage and a solid equity base, though profitability ratios like ROE and net profit margin suggest room for improvement. The firm's ability to generate free cash flow is a significant strength, supporting potential future investments and debt servicing.

Income Statement

The income statement shows a steady growth trend with revenues increasing from 2020 to TTM 2025. The gross profit margin for TTM 2025 is 21.97%, and the net profit margin is 0.35%, indicating modest profitability. The revenue growth rate from 2024 to TTM 2025 is slightly negative at -0.16%, but over the longer term, there has been consistent revenue growth. EBIT and EBITDA margins for TTM 2025 are 0.91% and 3.30% respectively, showing stable operational efficiency.

Balance Sheet

The balance sheet reflects a solid equity base with a debt-to-equity ratio of 0.23 for TTM 2025, indicating low leverage. The return on equity (ROE) for TTM 2025 is 1.92%, which is relatively low, suggesting limited profitability on shareholder funds. The equity ratio stands at 36.12% for TTM 2025, showing a strong capital structure with sufficient equity financing.

Cash Flow

Cash flow analysis reveals healthy cash generation, with a substantial operating cash flow to net income ratio of 9.04 for TTM 2025. Free cash flow has increased significantly from 2024 to TTM 2025, resulting in a growth rate of 122.31%. The free cash flow to net income ratio is 5.56, indicating robust cash flow relative to profits.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.17B	2.11B	1.98B	1.64B	1.42B	1.24B
Gross Profit	471.88M	445.88M	408.37M	346.08M	277.04M	254.56M
EBITDA	79.93M	65.30M	40.55M	59.13M	50.54M	41.83M
Net Income	10.36M	-3.19M	25.28M	24.29M	23.91M	7.03M
Balance Sheet
Total Assets	1.08B	1.25B	1.15B	1.04B	922.65M	839.37M
Cash, Cash Equivalents and Short-Term Investments	45.05M	78.42M	70.20M	93.47M	94.01M	88.72M
Total Debt	84.13M	97.69M	133.87M	130.27M	134.92M	157.99M
Total Liabilities	680.21M	847.62M	818.92M	729.72M	661.34M	612.90M
Stockholders Equity	402.69M	398.55M	333.25M	307.71M	261.31M	226.47M
Cash Flow
Free Cash Flow	64.50M	18.77M	35.98M	27.69M	27.55M	63.51M
Operating Cash Flow	87.71M	55.89M	74.09M	59.42M	57.15M	88.50M
Investing Cash Flow	-60.19M	-44.75M	-63.22M	-41.01M	-13.99M	-25.89M
Financing Cash Flow	-1.28M	-5.00M	-33.76M	-26.91M	-41.07M	-27.39M

TradeDoubler AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.44
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TRAD, the sentiment is Negative. The current price of 7.44 is below the 20-day moving average (MA) of 7.52, below the 50-day MA of 7.59, and above the 200-day MA of 6.33, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 41.52 is Neutral, neither overbought nor oversold. The STOCH value of 58.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TRAD.

TradeDoubler AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRAD	―	kr438.84M	42.53	2.82%	―	5.16%	-63.53%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CTM	―	$176.72M	-0.35	-38.74%	―	-33.18%	10.56%
SPEONE	―	kr52.58M	―	-29.72%	―	-54.96%	-171.19%
RAKE	―	kr106.96M	―	―	―	-47.47%	-524.00%