Truecaller AB (publ)

LSE:0AA7 Stock Report

Market Cap: SEK 16.1b

Truecaller Valuation

Is 0AA7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0AA7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0AA7 (SEK46.72) is trading below our estimate of fair value (SEK92.11)

Significantly Below Fair Value: 0AA7 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0AA7?

Key metric: As 0AA7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0AA7. This is calculated by dividing 0AA7's market cap by their current earnings.
What is 0AA7's PE Ratio?
PE Ratio32.9x
EarningsSEK 490.13m
Market CapSEK 16.15b

Price to Earnings Ratio vs Peers

How does 0AA7's PE Ratio compare to its peers?

The above table shows the PE ratio for 0AA7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.1x
BYIT Bytes Technology Group
21.1x6.7%UK£1.1b
GBG GB Group
114.6x36.6%UK£932.8m
ALFA Alfa Financial Software Holdings
29.1x6.3%UK£643.4m
CER Cerillion
35.8x8.5%UK£546.4m
0AA7 Truecaller
32.9x23.6%SEK 16.1b

Price-To-Earnings vs Peers: 0AA7 is good value based on its Price-To-Earnings Ratio (32.9x) compared to the peer average (50.1x).

Price to Earnings Ratio vs Industry

How does 0AA7's PE Ratio compare vs other companies in the GB Software Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
SORT Sorted Group Holdings
3xn/aUS$5.45m
No more companies available in this PE range
0AA7 32.9xIndustry Avg. 35.8xNo. of Companies6PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0AA7 is good value based on its Price-To-Earnings Ratio (32.9x) compared to the UK Software industry average (35.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0AA7's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0AA7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.9x
Fair PE Ratio40.5x

Price-To-Earnings vs Fair Ratio: 0AA7 is good value based on its Price-To-Earnings Ratio (32.9x) compared to the estimated Fair Price-To-Earnings Ratio (40.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0AA7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 46.72
SEK 63.40
+35.7%
12.9%SEK 79.00SEK 55.00n/a5
Nov ’25SEK 48.22
SEK 58.40
+21.1%
12.0%SEK 71.00SEK 52.00n/a5
Oct ’25SEK 38.40
SEK 57.20
+49.0%
13.0%SEK 71.00SEK 50.00n/a5
Sep ’25SEK 35.50
SEK 57.20
+61.1%
13.0%SEK 71.00SEK 50.00n/a5
Aug ’25SEK 33.10
SEK 54.83
+65.7%
15.7%SEK 71.00SEK 43.00n/a6
Jul ’25SEK 35.48
SEK 54.50
+53.6%
14.6%SEK 69.00SEK 43.00n/a6
Jun ’25SEK 36.74
SEK 54.17
+47.4%
15.4%SEK 66.00SEK 43.00n/a6
May ’25SEK 35.66
SEK 53.83
+51.0%
16.8%SEK 66.00SEK 43.00n/a6
Apr ’25SEK 32.74
SEK 54.67
+67.0%
23.7%SEK 77.00SEK 40.00n/a6
Mar ’25SEK 28.10
SEK 55.33
+96.9%
24.6%SEK 77.00SEK 40.00n/a6
Feb ’25SEK 30.37
SEK 58.17
+91.5%
22.6%SEK 77.00SEK 40.00n/a6
Jan ’25SEK 34.99
SEK 67.80
+93.8%
32.8%SEK 108.00SEK 40.00n/a5
Dec ’24SEK 31.68
SEK 67.80
+114.0%
32.8%SEK 108.00SEK 40.00n/a5
Nov ’24SEK 26.96
SEK 70.20
+160.3%
32.4%SEK 108.00SEK 40.00SEK 48.225
Oct ’24SEK 38.25
SEK 79.00
+106.5%
25.0%SEK 112.00SEK 55.00SEK 38.405
Sep ’24SEK 34.21
SEK 79.00
+130.9%
25.0%SEK 112.00SEK 55.00SEK 35.505
Aug ’24SEK 41.73
SEK 75.00
+79.7%
26.9%SEK 112.00SEK 55.00SEK 33.106
Jul ’24SEK 29.81
SEK 73.83
+147.7%
31.6%SEK 112.00SEK 48.00SEK 35.486
Jun ’24SEK 32.37
SEK 72.67
+124.5%
29.5%SEK 105.00SEK 48.00SEK 36.746
May ’24SEK 29.46
SEK 71.14
+141.5%
28.6%SEK 105.00SEK 48.00SEK 35.667
Apr ’24SEK 30.49
SEK 74.86
+145.5%
26.8%SEK 110.00SEK 48.00SEK 32.747
Mar ’24SEK 32.89
SEK 78.43
+138.5%
27.9%SEK 110.00SEK 48.00SEK 28.107
Feb ’24SEK 37.17
SEK 85.57
+130.2%
30.1%SEK 130.00SEK 55.00SEK 30.377
Jan ’24SEK 32.80
SEK 96.86
+195.3%
27.6%SEK 130.00SEK 55.00SEK 34.997
Dec ’23SEK 38.45
SEK 103.83
+170.0%
21.3%SEK 130.00SEK 73.00SEK 31.686
Nov ’23SEK 42.27
SEK 115.67
+173.6%
19.6%SEK 140.00SEK 79.00SEK 26.966

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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