TradeDoubler AB (TRAD) AI Stock Analysis

• Market Cap: €362.68M
• Dividend Yield: N/A
• Average Volume (3M): 78.59K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.38
• Revenue Growth: 6.67%
• EPS Growth: -7.93%
• Country: SE
• Employees: 360
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 0.05
• Shares Outstanding: 61,236,600
• 10 Day Avg. Volume: 56,063
• 30 Day Avg. Volume: 78,589
• 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
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): €2.24B

• Rating: 59 Neutral
• Price Target: kr6.50 ▲(8.33% Upside)

TradeDoubler AB's overall stock score is primarily influenced by its solid financial performance, particularly in cash management and revenue growth. However, the bearish technical indicators and moderate valuation suggest caution. The lack of profitability and operational efficiency improvements are areas of concern. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective strategies in expanding its reach and product adoption.

Cash Flow Management

Strong cash flow management enhances financial stability, providing resources for reinvestment and strategic initiatives.

Debt Management

Improved debt management reduces financial risk and enhances the company's ability to invest in growth opportunities.

Negative Factors

Net Profit Margin

Low net profit margins indicate challenges in converting revenue into profit, which may affect long-term profitability.

Operational Efficiency

Modest margins suggest room for improvement in operational efficiency, which is crucial for enhancing profitability.

Profitability Challenges

Low return on equity reflects limited profitability relative to shareholder equity, indicating a need for better profit generation.

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 exhibits solid revenue growth and effective cash management, with significant improvements in free cash flow. However, profitability remains a challenge, as reflected in low net profit margins and modest returns on equity. The balance sheet shows prudent debt management, but there is room for enhancing profitability and operational efficiency.

Income Statement

TradeDoubler AB shows a consistent revenue growth trend, with a TTM revenue growth rate of 2.62%. Gross profit margins have been stable around 21%, indicating effective cost management. However, the net profit margin is low at 0.48% in the TTM, reflecting challenges in translating revenue into net income. The EBIT and EBITDA margins have improved over the years but remain modest, suggesting room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.21 in the TTM, indicating a healthier leverage position compared to previous years. Return on equity is modest at 2.70%, showing limited profitability relative to shareholder equity. The equity ratio is stable, suggesting a balanced asset structure. Overall, the balance sheet reflects a cautious approach to debt management but highlights the need for improved returns.

Cash Flow

TradeDoubler AB's free cash flow has shown significant growth, with a TTM increase of 54.60%. The operating cash flow to net income ratio is 0.14, indicating a strong cash generation relative to net income. The free cash flow to net income ratio is robust at 0.74, demonstrating effective cash conversion. The cash flow statement reflects strong cash management and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.20B	2.11B	1.98B	1.64B	1.42B	1.24B
Gross Profit	481.54M	445.88M	408.37M	346.08M	277.04M	254.56M
EBITDA	82.30M	69.60M	42.43M	59.13M	50.54M	41.83M
Net Income	16.19M	-3.19M	25.28M	24.29M	23.91M	7.03M
Balance Sheet
Total Assets	1.12B	1.25B	1.15B	1.04B	922.65M	839.37M
Cash, Cash Equivalents and Short-Term Investments	104.45M	78.42M	70.20M	93.47M	94.01M	88.72M
Total Debt	80.53M	97.69M	133.87M	130.27M	134.92M	157.99M
Total Liabilities	720.50M	847.62M	818.92M	729.72M	661.34M	612.90M
Stockholders Equity	402.12M	398.55M	333.25M	307.71M	261.31M	226.47M
Cash Flow
Free Cash Flow	98.29M	18.77M	35.98M	27.69M	27.55M	63.51M
Operating Cash Flow	131.07M	55.89M	74.09M	59.42M	57.15M	88.50M
Investing Cash Flow	-61.39M	-44.75M	-63.22M	-41.01M	-13.99M	-25.89M
Financing Cash Flow	-639.00K	-5.00M	-33.76M	-26.91M	-41.07M	-27.39M

TradeDoubler AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 6 is below the 20-day moving average (MA) of 6.54, below the 50-day MA of 7.15, and below the 200-day MA of 6.60, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 25.60 is Positive, neither overbought nor oversold. The STOCH value of 23.97 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
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
TRAD	59 Neutral	€362.68M	22.46	4.37%	―	6.67%	-7.93%
SPEONE	52 Neutral	€64.18M	―	-32.53%	―	-57.04%	-161.67%
CTM	51 Neutral	$196.23M	-0.39	-19.82%	―	-25.10%	82.01%
RAKE	42 Neutral	kr110.80M	-0.19	―	―	-47.47%	-524.00%