TradeDoubler AB (TRAD) AI Stock Analysis

• Market Cap: kr386.85M
• Dividend Yield: N/A
• Average Volume (3M): 78.59K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.41
• 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): kr2.24B

• Rating: 61 Neutral
• Price Target: kr6.50 ▲(1.56% Upside)

TradeDoubler AB's overall stock score is driven primarily by its solid financial performance, which indicates a well-managed company with strong cash flow and stable balance sheet. However, the technical analysis reveals bearish momentum, which is a significant risk factor. The valuation is moderate, but the lack of a dividend yield may deter income-focused investors.

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 (TRAD) is a leading performance marketing company based in Sweden, specializing in affiliate marketing and digital marketing solutions. Established in 1999, TradeDoubler operates across various sectors, including e-commerce, travel, and finance, providing services that enable advertisers to reach their target audiences effectively. The company offers a range of products such as affiliate networks, performance tracking, and data analytics, helping businesses optimize their online marketing strategies and drive sales through measurable results.

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 financial health with consistent revenue growth and improved operational efficiency. The balance sheet is stable with a favorable debt-to-equity ratio, and cash flow generation is strong. While profitability margins could be enhanced, the overall financial position is positive, reflecting a well-managed company in the advertising industry.

Income Statement

TradeDoubler AB has shown consistent revenue growth over the years, with a notable increase in the TTM period. The gross profit margin has remained stable, indicating efficient cost management. However, the net profit margin is relatively low, suggesting room for improvement in profitability. The EBIT and EBITDA margins have improved in the TTM, reflecting better operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved over the years, indicating a more balanced capital structure. Return on equity has been positive, although it dipped in 2024, it has recovered in the TTM. The equity ratio is healthy, showing a strong equity base relative to total assets. Overall, the balance sheet reflects stability with manageable leverage.

Cash Flow

TradeDoubler AB has demonstrated strong free cash flow growth in the TTM, indicating improved cash generation capabilities. The operating cash flow to net income ratio is healthy, suggesting efficient conversion of income into cash. The free cash flow to net income ratio is robust, highlighting effective cash management. Overall, the cash flow statement shows a positive trajectory.

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: 6.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 6.4 is below the 20-day moving average (MA) of 6.40, below the 50-day MA of 6.76, and below the 200-day MA of 6.70, indicating a bearish trend. The MACD of -0.09 indicates Negative momentum. The RSI at 47.20 is Neutral, neither overbought nor oversold. The STOCH value of 53.10 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	61 Neutral	kr386.85M	23.95	4.37%	―	6.67%	-7.93%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CTM	51 Neutral	kr144.34M	-0.80	-19.82%	―	-25.10%	82.01%
SPEONE	46 Neutral	kr56.13M	-1.49	-32.53%	―	-57.04%	-161.67%
RAKE	40 Underperform	kr87.74M	-0.15	―	―	-47.47%	-524.00%

TradeDoubler AB Corporate Events

Tradedoubler AB Exercises Share Issuance and Repurchase for 2025 Program

Tradedoubler AB’s board of directors has exercised its authorization to issue and repurchase class C-shares to fulfill commitments under the company’s 2025 share program. The issuance and repurchase involve 4,209,240 class C shares, which will be converted to ordinary shares for the share program, representing approximately 7.6% of the total shares and votes in the company. This strategic move is aimed at securing the company’s obligations and maintaining its market position.