Truecaller AB Class B (SE:TRUE.B)
:TRUE.B
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Truecaller AB Class B
(TRUE.B)
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Rating:65Neutral
Price Target:
kr13.00
â–²(29.10% Upside)
Action:ReiteratedDate:02/20/26
The score is driven by solid fundamentals (profitability, cash conversion, and low leverage) and an attractive valuation (low P/E and decent yield), offset by weak technicals showing a strong downtrend despite oversold momentum signals.
Positive Factors
Profitability & ROE
Sustained high ROE combined with low leverage provides durable earnings power and financial flexibility. This supports reinvestment, dividend capacity and resilience through cycles, making the company's core profitability a stable long-term foundation even if growth slows.
Negative Factors
Revenue contraction and margin reset
A meaningful drop in revenue and a multi-year margin compression indicate structural pressure on unit economics or monetization. If sustained, lower margins reduce cashflow generation, constrain reinvestment and can erode the strong ROE that previously supported strategic flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & ROE
Sustained high ROE combined with low leverage provides durable earnings power and financial flexibility. This supports reinvestment, dividend capacity and resilience through cycles, making the company's core profitability a stable long-term foundation even if growth slows.
Read all positive factors
Truecaller AB Class B (TRUE.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.50B
Dividend Yield1.94%
Average Volume (3M)1.37M
Price to Earnings (P/E)17.0
Beta (1Y)0.55
Revenue Growth12.40%
EPS Growth0.78%
CountrySE
Employees418
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.18
Shares Outstanding301,993,130
10 Day Avg. Volume913,674
30 Day Avg. Volume1,366,084
Financial Highlights & Ratios
PEG Ratio-0.68
Price to Book (P/B)5.29
Price to Sales (P/S)3.46
P/FCF Ratio12.78
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr14.81Price Target Upside47.09% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)1.18
Revenue Forecast (FY)kr1.79B
Truecaller AB Class B Business Overview & Revenue Model
Company Description
Truecaller AB (publ), through its subsidiary, True Software Scandinavia AB, operates a communication platform for verifying contacts and blocking unwanted calls and messages worldwide. It enables safe and relevant conversations between people and ...
How the Company Makes Money
Truecaller generates revenue primarily through a freemium model, where users can access basic features for free while paying for premium features through subscriptions. This subscription service, known as Truecaller Gold, offers enhanced functiona...
Truecaller AB Class B Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
78
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.91B | 1.86B | 1.73B | 1.77B | 1.13B |
| Gross Profit | 519.42M | 863.68M | 955.49M | 1.06B | 590.37M |
| EBITDA | 583.80M | 684.21M | 702.88M | 736.22M | 459.95M |
| Net Income | 388.63M | 524.32M | 536.33M | 535.23M | 258.31M |
Balance Sheet | |||||
| Total Assets | 1.65B | 1.96B | 2.16B | 2.34B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 979.51M | 1.32B | 1.57B | 1.73B | 1.39B |
| Total Debt | 130.59M | 100.13M | 120.94M | 141.51M | 88.38M |
| Total Liabilities | 398.49M | 449.04M | 416.64M | 540.28M | 281.49M |
| Stockholders Equity | 1.25B | 1.51B | 1.74B | 1.80B | 1.41B |
Cash Flow | |||||
| Free Cash Flow | 517.99M | 589.91M | 555.96M | 595.67M | 379.07M |
| Operating Cash Flow | 521.40M | 604.09M | 581.96M | 610.41M | 380.89M |
| Investing Cash Flow | 210.45M | 130.16M | -626.87M | -297.32M | -151.89M |
| Financing Cash Flow | -785.25M | -882.10M | -643.08M | -223.12M | 812.97M |
Truecaller AB Class B Technical Analysis
Negative
10.07
Price Trends
12.78
Negative
17.53
Negative
33.41
Negative
Market Momentum
-0.70
Negative
32.59
Neutral
6.40
Positive
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 10.07 is below the 20-day moving average (MA) of 11.25, below the 50-day MA of 12.78, and below the 200-day MA of 33.41, indicating a bearish trend. The MACD of -0.70 indicates Negative momentum. The RSI at 32.59 is Neutral, neither overbought nor oversold. The STOCH value of 6.40 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | kr7.77B | 27.41 | ― | ― | -7.81% | -8.76% | |
65 Neutral | kr3.50B | 17.03 | 29.49% | 1.94% | 12.40% | 0.78% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | kr2.64B | 34.18 | 32.28% | 1.41% | 11.23% | 16.24% | |
60 Neutral | kr8.78B | 28.24 | 8.26% | 1.14% | 14.41% | -4.45% | |
52 Neutral | kr1.29B | -0.52 | -50.59% | ― | -21.66% | ― | |
44 Neutral | kr2.01B | -15.04 | ― | ― | 10.25% | -698.93% |
* Technology Sector Average
SE:TRUE.B
Truecaller AB Class B
10.07
-56.02
-84.76%
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Truecaller AB Class B Corporate Events
Truecaller Strikes Exclusive Reseller Deals to Boost Global Ad Sales
Mar 3, 2026
Truecaller AB, the Stockholm-listed communications and caller ID provider, generates most of its revenue from digital advertising sold through its Truecaller Ads platform to a global base of more than 450 million users. The company positions itsel...
Truecaller lifts total treasury stake to 6.11% through continued share buybacks
Mar 2, 2026
Truecaller AB has repurchased 2,000,000 of its own Class B shares during week 9 of 2026, equal to 0.57% of its outstanding share capital, as part of an ongoing buyback programme authorized until the 2026 annual general meeting. The latest purchase...
Truecaller boosts treasury stake with latest share buybacks
Feb 23, 2026
Truecaller AB has continued its ongoing share buyback programme, repurchasing 1.4 million Class B shares during week 8 of 2026, equal to 0.40% of the company’s outstanding capital. Since the start of the current programme in May 2025, the co...
Truecaller Sets Date for 2025 Year-End Report and Investor Presentation
Feb 6, 2026
Truecaller has announced that it will publish its year-end interim report for the period January–December 2025 on 17 February 2026 at 07:30 CET. The company’s CEO, Rishit Jhunjhunwala, and CFO, Odd Bolin, will present the results and t...
Truecaller Prelim Q4 2025: Ad Slump Spurs Faster Shift to Recurring Revenues
Jan 23, 2026
Truecaller reported preliminary, unaudited figures for the fourth quarter of 2025 indicating a sharp decline in ad revenues to SEK 255.2 million and a drop in EBITDA and margins, while total net sales slipped slightly in constant currencies. The c...
Truecaller Lifts Total Buybacks to Over 41.8 Million Shares With Latest Repurchases
Jan 19, 2026
Truecaller AB repurchased 616,000 Class B shares during the week of 12–16 January 2026, equal to 0.17% of its outstanding share capital, as part of its ongoing buyback programme authorized at the 2025 AGM and running until the 2026 AGM. Foll...
Truecaller’s Treasury Shareholding Tops 5% After Latest Buyback
Jan 13, 2026
Truecaller AB has disclosed that, following the repurchase of 150,000 shares on 12 January 2026 under its ongoing share buyback programme, its holding of treasury shares has surpassed 5% of the company’s total share count. The company now ho...
Truecaller Lifts Treasury Stake with Continued Share Buybacks in Early 2026
Jan 12, 2026
Truecaller AB has continued its ongoing share repurchase programme, buying back 1,603,541 Class B shares during the week of 5–9 January 2026, equal to 0.45% of its outstanding capital, bringing total buybacks under the current mandate to 8,6...
Truecaller Expands Share Buyback, Now Holds 4.5% of Its Own Capital
Jan 5, 2026
Truecaller AB has continued its ongoing share buyback initiative, repurchasing 400,000 Class B shares between 29 December 2025 and 2 January 2026, equal to 0.11% of its outstanding share capital, as part of a programme running until the 2026 annua...
Truecaller Expands Treasury Stock with Continued Share Buybacks in December 2025
Dec 29, 2025
Truecaller has continued its ongoing share buyback programme by repurchasing 240,000 Class B shares on Nasdaq Stockholm during the week of 22–26 December 2025, equal to 0.07% of its outstanding capital, bringing total repurchases under the c...
Truecaller Lifts Treasury Share Stake With New Week of Buybacks
Dec 22, 2025
Truecaller AB has continued its ongoing share buyback programme, repurchasing 2,322,000 Class B shares during the week of 15–19 December 2025, equal to 0.66% of the company’s outstanding share capital. Since the current programme began...
Truecaller Continues Strategic Share Buyback Program
Dec 15, 2025
Truecaller AB has repurchased 375,000 of its own B shares during the week of December 8-12, 2025, as part of an ongoing buyback program. This initiative aims to enhance shareholder value and manage capital structure, with the company having repurc...
Truecaller Faces Ad Revenue Decline but Eyes Long-term Growth
Dec 15, 2025
Truecaller AB Class B has experienced a decline in ad revenues in the fourth quarter of 2025, primarily due to an algorithm change by its largest demand partner and a weaker ads market in India. Despite this, the company expects robust growth in i...
Truecaller Introduces Family Protection Feature to Enhance Digital Safety
Dec 8, 2025
Truecaller has launched a new feature called Family Protection, integrated into its app to enhance digital safety for families by allowing them to form trusted groups and protect against phone scams. This feature is available in four pilot markets...
Truecaller Advances Share Buyback Program with Recent Repurchase
Dec 8, 2025
Truecaller AB has repurchased 500,000 B shares as part of its ongoing share buyback program, which began in May 2025 and will continue until the 2026 Annual General Meeting. This initiative, executed through Nasdaq Stockholm by Carnegie, aims to e...
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.