TradeDoubler AB (TRAD) AI Stock Analysis

• Market Cap: kr471.48M
• Dividend Yield: N/A
• Average Volume (3M): 67.22K
• Price to Earnings (P/E): 45.7
• Beta (1Y): 0.45
• Revenue Growth: 5.16%
• EPS Growth: -63.53%
• Country: SE
• Employees: 360
• Sector: Communication Services
• Sector Strength: 92
• Industry: Advertising Agencies
• EPS (TTM): 0.06
• Shares Outstanding: 61,236,600
• 10 Day Avg. Volume: 62,647
• 30 Day Avg. Volume: 67,215
• 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: kr7.94
• Price Target Upside: 1.85% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 71 Outperform
• Price Target: kr8.00 ▲(2.56% Upside)

TradeDoubler AB's overall stock score is driven by solid financial performance, particularly in cash management and revenue growth, and positive technical indicators. However, the high P/E ratio suggests potential overvaluation, and the lack of profitability and dividend yield are notable concerns. The absence of earnings call data and corporate events means these factors did not influence the score.

TradeDoubler AB Business Overview & Revenue Model

Company Description

TradeDoubler AB (TRAD) is a digital marketing company that specializes in performance-based marketing solutions. Founded in Sweden, TradeDoubler operates globally, providing a range of services including affiliate marketing, programmatic display, and digital advertising. The company is primarily focused on helping businesses increase their online presence and drive sales through strategic partnerships and technology-driven marketing strategies.

How the Company Makes Money

TradeDoubler earns revenue through a performance-based marketing model, where it facilitates and manages affiliate marketing programs for its clients. The company generates earnings by charging fees for its services, which may include a percentage of the sales generated through the affiliate networks or fixed fees for program management. Key revenue streams include commissions from successful transactions facilitated through their affiliate network and fees for digital marketing services. Strategic partnerships with advertisers and publishers are crucial, as they enable TradeDoubler to expand its network and improve service offerings, thereby increasing its potential to generate revenue.

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: Positive
• Last Price: 7.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Positive. The current price of 7.8 is above the 20-day moving average (MA) of 7.65, above the 50-day MA of 6.73, and above the 200-day MA of 5.23, indicating a bullish trend. The MACD of 0.22 indicates Positive momentum. The RSI at 63.72 is Neutral, neither overbought nor oversold. The STOCH value of 60.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:TRAD.

TradeDoubler AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRAD	71 Outperform	kr471.48M	45.69	2.82%	―	5.16%	-63.53%
Sector *	56 Neutral	C$4.26B	1.37	-13.88%	5.36%	-5.96%	-50.93%
ACAST	54 Neutral	kr3.40B	33.56	-6.84%	―	21.20%	37.02%
CINT	46 Neutral	kr2.59B	36.10	1.38%	―	-26.59%	―
GCOR	41 Neutral	€193.44M	―	-253.32%	―	27.89%	4.59%

TradeDoubler AB Corporate Events

TradeDoubler AB Annual General Meeting Resolutions

TradeDoubler AB held its Annual General Meeting on May 20, 2025, where several key resolutions were passed. The company decided not to distribute dividends for the financial year 2024 and re-elected its board members and auditor. Authorizations were granted to the Board to issue shares, acquire own shares, and transfer shares for strategic investments. Additionally, two share-price related incentive programs were adopted for senior executives and the Board, contingent on future share price performance.