Truecaller AB Class B (TRUE.B) AI Stock Analysis

• Market Cap: kr22.79B
• Dividend Yield: 0.54%
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): 46.0
• Beta (1Y): 1.17
• Revenue Growth: 9.26%
• EPS Growth: -7.17%
• Country: SE
• Employees: 418
• Sector: Technology
• Sector Strength: 84
• Industry: Software - Application
• EPS (TTM): 0.30
• Shares Outstanding: 300,156,620
• 10 Day Avg. Volume: 1,224,146
• 30 Day Avg. Volume: 1,091,272
• PEG Ratio: 0.55
• Price to Book (P/B): 6.78
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 20.53
• 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: kr75.13
• Price Target Upside: 10.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 66 Neutral
• Price Target: kr72.00 ▲(5.88%Upside)

Truecaller AB Class B's strong financial performance is the primary strength, highlighted by robust revenue growth and profitability margins. Technical analysis indicates some bearish signals, while valuation metrics show the stock is relatively expensive, impacting overall attractiveness. The absence of earnings call and corporate events data limits further insights.

Truecaller AB Class B Business Overview & Revenue Model

Company Description

Truecaller AB Class B (TRUE.B) is a Swedish technology company that specializes in caller identification, call-blocking, spam detection, and messaging services. It operates primarily in the telecommunications and mobile application sectors. The company's core product, the Truecaller app, helps users identify unknown callers, block unwanted calls and messages, and connect with people through a secure and efficient platform. Truecaller aims to provide a safer and more convenient communication experience for its global user base.

How the Company Makes Money

Truecaller generates revenue through a combination of advertising, premium subscriptions, and partnerships. The company offers a freemium model where users can access basic features of the app for free, which is supported by advertising. Advertisements are displayed within the app, and businesses can also use Truecaller's platform for targeted advertising to reach specific user demographics. In addition to advertising, Truecaller offers a premium subscription service called Truecaller Premium. Subscribers pay a monthly or annual fee to access enhanced features such as an ad-free experience, advanced spam blocking, and the ability to see who viewed their profile. Truecaller also explores partnerships with telecommunications companies and other technology firms to expand its offerings and integrate its services into other platforms, which contributes to its revenue streams.

Truecaller AB Class B Financial Statement Overview

Summary

Truecaller AB Class B demonstrates strong financial performance with consistent revenue growth and healthy profitability margins. The balance sheet is robust with low leverage and high equity ratio, although there is a slight decline in equity and EBIT levels. Cash flow generation remains strong, supporting operational activities.

Income Statement

Truecaller AB Class B has demonstrated strong revenue growth with a consistent increase in total revenue over the years. The TTM (Trailing-Twelve-Months) shows a Gross Profit Margin of 53.5% and a Net Profit Margin of 25.5%, both indicating a healthy profitability level for the software application industry. The EBIT Margin stands at 32.5% and the EBITDA Margin at 35.5%, reflecting efficient cost management and operational strength. However, the slight drop in EBIT compared to earlier periods indicates potential operational challenges.

Balance Sheet

The company maintains a strong balance sheet with a Debt-to-Equity Ratio of 0.06, indicating low leverage and financial stability. The Return on Equity (ROE) is robust at 30.6%, showing effective use of equity capital. The Equity Ratio is high at 78.2%, underscoring a solid capital structure. However, the declining trend in Stockholders' Equity over recent periods may signal potential risks if not addressed.

Cash Flow

Truecaller AB Class B exhibits a solid cash flow position with a Free Cash Flow growth rate indicating sustainability in cash generation. The Operating Cash Flow to Net Income Ratio is 1.21, and the Free Cash Flow to Net Income Ratio is 1.17, both showcasing strong cash conversion ability. The company has managed to maintain positive Free Cash Flow despite fluctuations in capital expenditures.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
1.93B	1.86B	1.73B	1.77B	1.13B	491.15M
	Gross Profit
1.03B	1.01B	955.49M	1.06B	590.37M	143.38M
	EBIT
627.71M	632.14M	657.68M	831.46M	443.10M	-46.09M
	EBITDA
685.44M	684.21M	702.88M	736.22M	459.95M	-29.72M
	Net Income Common Stockholders
493.01M	524.32M	536.33M	535.23M	258.31M	-15.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.40B	1.32B	1.57B	1.73B	1.39B	195.22M
	Total Assets
2.06B	1.96B	2.16B	2.34B	1.69B	435.83M
	Total Debt
96.63M	100.13M	120.94M	141.51M	88.38M	101.05M
	Net Debt
-365.35M	-395.92M	-510.41M	-1.19B	-1.15B	-94.18M
	Total Liabilities
448.05M	449.04M	416.64M	540.28M	281.49M	289.90M
	Stockholders Equity
1.61B	1.51B	1.74B	1.80B	1.41B	145.93M
Cash Flow		Free Cash Flow
577.26M	589.91M	555.96M	595.67M	379.07M	103.67M
	Operating Cash Flow
597.74M	604.09M	581.96M	610.41M	380.89M	105.55M
	Investing Cash Flow
23.85M	130.16M	-626.87M	-297.32M	-151.89M	-1.27M
	Financing Cash Flow
-791.34M	-882.10M	-643.08M	-223.12M	812.97M	-16.43M

Truecaller AB Class B Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 68.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:TRUE.B, the sentiment is Negative. The current price of 68 is above the 20-day moving average (MA) of 66.44, above the 50-day MA of 66.98, and above the 200-day MA of 56.10, indicating a neutral trend. The MACD of -0.15 indicates Negative momentum. The RSI at 47.71 is Neutral, neither overbought nor oversold. The STOCH value of 53.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:TRUE.B.

Truecaller AB Class B Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PACT	76 Outperform	kr3.09B	15.08	18.16%	1.95%	1.45%	3.17%
ANOD.B	75 Outperform	€13.88B	37.00	15.33%	1.07%	-13.25%	26.07%
LIME	74 Outperform	kr5.65B	60.03	29.90%	0.94%	17.11%	9.23%
TRUE.B	66 Neutral	kr22.79B	46.04	28.15%	0.54%	9.26%	-7.17%
VIT.B	66 Neutral	€18.35B	43.61	9.58%	0.63%	22.21%	13.71%
Sector *	62 Neutral	$11.93B	10.60	-7.51%	3.00%	7.40%	-8.09%
KNOW	60 Neutral	kr3.59B	42.81	1.97%	1.76%	-9.43%	-58.34%

Truecaller AB Class B Corporate Events

Truecaller Unveils ‘Secure Calls’ to Combat Call Spoofing

Truecaller has launched ‘Secure Calls,’ a new feature within its Truecaller for Business platform, to combat call spoofing. This innovation enhances the company’s existing Verified Business platform by ensuring every business call is verified through a secure call signing process. This development aims to increase transparency and consumer trust, reducing the risk of fraud and scams. The feature has already been adopted by NoBroker, a leading Indian proptech company, to bolster its customer protection strategy. Secure Calls is expected to enhance brand protection and user trust globally as it rolls out to businesses worldwide.

The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.

Truecaller Initiates Share Buyback Program with Initial Repurchase

Truecaller AB has repurchased 150,000 of its own B shares as part of a buyback program authorized by its board, representing 0.04% of its outstanding capital. This initiative, executed on Nasdaq Stockholm, is part of a broader strategy to manage shareholding, with the company now holding 2.54% of its outstanding capital in own shares. The buyback program, which runs until the 2026 AGM, allows Truecaller to repurchase up to 10% of its total shares, potentially impacting its market positioning and shareholder value.

The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.

Truecaller Surpasses Three Million Paying Subscribers, Hits Milestone on iOS

Truecaller has achieved significant growth in its consumer subscription services, surpassing three million paying subscribers and reaching over one million subscribers on iOS. This growth reflects a 16% increase in iOS subscribers since March 2025. The company attributes this success to improvements in its premium offerings, including features like AI-Assistant, advanced spam blocking, and fraud insurance. Truecaller’s strategy to enhance its iOS offerings and the introduction of a family package have contributed to this upward trend, indicating a promising direction for future revenue growth.

The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.

Truecaller Resumes B-Share Buyback Program

Truecaller’s board has decided to resume the buyback of B-shares, as authorized by the Annual General Meeting. This initiative aims to optimize the company’s capital structure, enhance shareholder value, and support potential acquisitions and long-term incentive programs. The buyback program will be conducted on Nasdaq Stockholm and is set to last until the 2026 Annual General Meeting, with a maximum repurchase limit of 10% of the total outstanding shares.

The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK58.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.

Truecaller AB Annual General Meeting: Key Resolutions and Strategic Directions

Truecaller AB’s annual general meeting on May 23, 2025, resulted in several key resolutions impacting its financial and operational strategies. The meeting approved a dividend payout, re-elected board members, and authorized the board to issue new shares and repurchase existing ones, aiming to enhance financial flexibility and support potential acquisitions, reflecting a strategic focus on growth and capital structure optimization.

The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK75.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.