TradeDoubler AB (SE:TRAD)
:TRAD
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TradeDoubler AB
(TRAD)
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Rating:56Neutral
Price Target:
kr6.50
▼(-4.69% 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
Cash Generation Rebound
A sharp 2025 cash-flow rebound (OCF 122.1M, FCF 120.7M) materially improves funding capacity. Strong free cash flow supports reinvestment in platform, sales and tech, reduces short-term financing needs, and strengthens the firm's ability to execute strategic initiatives over the next 2–6 months.
Negative Factors
Inconsistent Profitability
Earnings have been inconsistent with a 2024 loss and only marginal profit in 2025, indicating fragile margin economics. Persistent thin profitability constrains retained earnings, limits buffer for downturns, and weakens long-term ability to sustainably fund growth initiatives or shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation Rebound
A sharp 2025 cash-flow rebound (OCF 122.1M, FCF 120.7M) materially improves funding capacity. Strong free cash flow supports reinvestment in platform, sales and tech, reduces short-term financing needs, and strengthens the firm's ability to execute strategic initiatives over the next 2–6 months.
Read all positive factors
TradeDoubler AB (TRAD) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr377.18M
Dividend YieldN/A
Average Volume (3M)78.59K
Price to Earnings (P/E)385.2
Beta (1Y)0.45
Revenue Growth5.62%
EPS GrowthN/A
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)kr2.32B
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
Positive
6.82
Price Trends
6.74
Positive
6.80
Positive
7.06
Negative
Market Momentum
0.04
Negative
56.24
Neutral
66.90
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 6.82 is above the 20-day moving average (MA) of 6.65, above the 50-day MA of 6.74, and below the 200-day MA of 7.06, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 56.24 is Neutral, neither overbought nor oversold. The STOCH value of 66.90 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | kr198.57M | -0.99 | -19.82% | ― | -9.15% | 84.64% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | kr377.18M | 385.19 | 0.26% | ― | 5.62% | ― | |
47 Neutral | kr80.95M | -0.60 | ― | ― | -47.47% | -523.97% | |
45 Neutral | kr172.27M | 13.42 | -8.02% | ― | 79.93% | ― | |
45 Neutral | kr64.55M | -1.80 | -32.53% | ― | -70.98% | -149.66% |
* Communication Services Sector Average
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TradeDoubler AB Corporate Events
Tradedoubler Sets 2025–2027 Strategy in Annual Report
Apr 28, 2026
Tradedoubler’s 2025 Annual Report outlines the company’s strategic priorities for 2025–2027, including sharpening its business model around a two-sided marketplace and enhancing its data, AI and technology capabilities to strengt...
Tradedoubler Expands Treasury Stock with Ongoing Share Buybacks
Apr 27, 2026
Tradedoubler has continued to execute its ongoing share buyback programme, repurchasing 43,144 ordinary shares on Nasdaq Stockholm between 20 and 24 April 2026 under a mandate from its 2025 annual general meeting. The transactions, conducted by Ma...
Tradedoubler Expands Treasury Stock Through Ongoing Share Buyback Programme
Apr 20, 2026
Tradedoubler has continued its ongoing share buyback programme, repurchasing 23,360 ordinary shares on Nasdaq Stockholm between 13 and 17 April 2026 under a mandate from its 2025 AGM. The transactions, executed independently by Mangold Fondkommiss...
TradeDoubler Calls 2026 AGM with Expanded Voting Options
Apr 16, 2026
TradeDoubler AB has called its Annual General Meeting for 19 May 2026 at the company’s Stockholm offices, offering shareholders the option to participate either in person, by proxy, or via advance postal voting. Shareholders must be register...
Tradedoubler Expands Share Buyback Programme on Nasdaq Stockholm
Apr 13, 2026
Tradedoubler has continued its ongoing share buyback programme, repurchasing 24,140 ordinary shares on Nasdaq Stockholm between 6 and 10 April 2026 under a mandate granted by shareholders. The transactions, executed independently by Mangold Fondko...
Tradedoubler Expands Share Buyback Programme on Nasdaq Stockholm
Apr 7, 2026
Tradedoubler has repurchased 19,335 ordinary shares between March 30 and April 2, 2026 under its previously announced share buyback programme authorised by the 2025 AGM. The transactions, executed on Nasdaq Stockholm by Mangold Fondkommission AB i...
Tradedoubler Expands Treasury Stock with Ongoing Share Buybacks
Mar 30, 2026
Tradedoubler has continued to execute on its share buyback program, repurchasing 16,581 ordinary shares on Nasdaq Stockholm between March 24 and 27, 2026, under an authorization granted at the 2025 annual general meeting. The transactions, conduct...
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 ...
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.