TradeDoubler AB (SE:TRAD)
:TRAD
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TradeDoubler AB
(TRAD)
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Rating:56Neutral
Price Target:
kr6.00
▼(-12.02% Downside)
Action:DowngradedDate:02/18/26
The score is driven primarily by improved financial performance—especially the strong 2025 cash flow rebound and manageable leverage—but is capped by weak technicals (trading below key moving averages with low RSI) and a highly unattractive valuation due to the extremely elevated P/E.
Positive Factors
Improved leverage and equity base
Material reduction in leverage and a sizeable equity cushion improve financial resilience. A lower debt burden and meaningful equity relative to assets increase flexibility to fund technology, marketing or M&A, and reduce refinancing risk through advertising cycles over the next several quarters.
Negative Factors
Inconsistent profitability
Earnings have been volatile with only marginal profit after a recent loss, reflecting structural margin pressure in performance marketing. Persistent thin profitability limits retained earnings, constrains reinvestment and heightens sensitivity to ad-spend swings over medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage and equity base
Material reduction in leverage and a sizeable equity cushion improve financial resilience. A lower debt burden and meaningful equity relative to assets increase flexibility to fund technology, marketing or M&A, and reduce refinancing risk through advertising cycles over the next several quarters.
Read all positive factors
TradeDoubler AB (TRAD) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr400.15M
Dividend YieldN/A
Average Volume (3M)78.59K
Price to Earnings (P/E)385.2
Beta (1Y)0.41
Revenue Growth6.67%
EPS Growth-7.93%
CountrySE
Employees360
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)-0.29
Shares Outstanding61,236,600
10 Day Avg. Volume56,063
30 Day Avg. Volume78,589
Financial Highlights & Ratios
PEG Ratio-3.06
Price to Book (P/B)1.04
Price to Sales (P/S)0.18
P/FCF Ratio3.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.81
Revenue Forecast (FY)kr2.36B
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 ...
How the Company Makes Money
TradeDoubler primarily makes money by intermediating performance-based advertising between advertisers and publishers. Key revenue streams typically include: (1) Affiliate/performance marketing fees: advertisers pay for agreed outcomes (commonly s...
TradeDoubler AB Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
64
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.22B | 2.11B | 1.98B | 1.64B | 1.42B |
| Gross Profit | 489.44M | 445.88M | 408.37M | 346.08M | 277.04M |
| EBITDA | 108.64M | 69.60M | 42.43M | 59.13M | 50.54M |
| Net Income | 1.02M | -3.19M | 25.28M | 24.29M | 23.91M |
Balance Sheet | |||||
| Total Assets | 1.18B | 1.25B | 1.15B | 1.04B | 922.65M |
| Cash, Cash Equivalents and Short-Term Investments | 125.75M | 78.42M | 70.20M | 93.47M | 94.01M |
| Total Debt | 135.91M | 97.69M | 133.87M | 130.27M | 134.92M |
| Total Liabilities | 800.33M | 847.62M | 818.92M | 729.72M | 661.34M |
| Stockholders Equity | 378.04M | 398.55M | 333.25M | 307.71M | 261.31M |
Cash Flow | |||||
| Free Cash Flow | 120.68M | 18.77M | 35.98M | 27.69M | 27.55M |
| Operating Cash Flow | 122.14M | 55.89M | 74.09M | 59.42M | 57.15M |
| Investing Cash Flow | -40.56M | -44.75M | -63.22M | -41.01M | -13.99M |
| Financing Cash Flow | -23.90M | -5.00M | -33.76M | -26.91M | -41.07M |
TradeDoubler AB Technical Analysis
Negative
6.82
Price Trends
6.84
Negative
6.79
Negative
7.04
Negative
Market Momentum
>-0.01
Negative
49.76
Neutral
30.83
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 6.82 is above the 20-day moving average (MA) of 6.51, below the 50-day MA of 6.84, and below the 200-day MA of 7.04, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 49.76 is Neutral, neither overbought nor oversold. The STOCH value of 30.83 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr181.01M | -0.99 | -19.82% | ― | -25.10% | 82.01% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr400.15M | 385.19 | 0.26% | ― | 6.67% | -7.93% | |
47 Neutral | kr73.72M | -0.60 | ― | ― | -47.47% | -524.00% | |
45 Neutral | kr193.66M | 13.42 | -8.02% | ― | ― | ― | |
45 Neutral | kr64.37M | -1.80 | -32.53% | ― | -57.04% | -161.67% |
* Communication Services Sector Average
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TradeDoubler AB Corporate Events
Tradedoubler Launches Share Buy-Back Programme to Optimise Capital Structure
Mar 20, 2026
Tradedoubler has launched a share buy-back programme, authorised by its 2025 annual general meeting, that will run from 20 March 2026 until the 2026 annual meeting and may cover up to 1,544,584 shares, or a maximum of 10 percent of its total share...
TradeDoubler Posts Higher Underlying Profitability Despite Rising Costs in 2025
Feb 12, 2026
TradeDoubler AB reported modest top-line growth in the fourth quarter of 2025, with revenue up 2 percent, or 7 percent on a currency-adjusted basis, and gross profit improving 4 percent while maintaining a stable gross margin. The group continues ...
Tradedoubler Clarifies CEO Interview, Stresses Data Was Historical Not Guidance
Jan 9, 2026
Tradedoubler has issued a clarification following an interview with CEO Matthias Stadelmeyer published by analyst firm Edison Group, stressing that the statements and figures he cited were not intended as forward-looking information and should not...
Tradedoubler Updates Share Capital After C-Share Issue and Buyback
Dec 30, 2025
Tradedoubler AB has updated its share capital structure following a recent issue and repurchase of C-shares, increasing the total number of shares and votes to 65,445,838 as of 30 December 2025. The company now has 61,236,598 ordinary shares and 4...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.