Executive Summary
TradeDoubler AB (publ), together with its subsidiaries, provides performance-based digital marketing services and technology solutions for publishers and advertisers worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has TradeDoubler's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TRAD is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TRAD's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-2.3%
TRAD
9.3%
SE Media
0.3%
SE Market
1 Year Return
16.8%
TRAD
51.3%
SE Media
16.5%
SE Market
Return vs Industry: TRAD underperformed the Swedish Media industry which returned 50.3% over the past year.
Return vs Market: TRAD matched the Swedish Market which returned 16.7% over the past year.
Shareholder returns
| TRAD | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.3% | 9.3% | 0.3% |
| 30 Day | 6.2% | 11.4% | 4.1% |
| 90 Day | -18.7% | 7.6% | 6.8% |
| 1 Year | 16.8%16.8% | 51.4%51.3% | 18.2%16.5% |
| 3 Year | -13.9%-13.9% | 135.2%133.0% | 40.6%25.4% |
| 5 Year | -50.1%-50.1% | -24.4%-38.6% | 61.2%30.1% |
Long-Term Price Volatility Vs. Market
How volatile is TradeDoubler's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
How Much Is TradeDoubler AB (publ) (STO:TRAD) CEO Getting Paid?2 years ago | Simply Wall St
What does TradeDoubler AB (publ)'s (STO:TRAD) Balance Sheet Tell Us About Its Future?2 years ago | Simply Wall St
TradeDoubler AB (publ) (STO:TRAD): Time For A Financial Health CheckValuation
Is TradeDoubler undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TRAD (SEK2.92) is trading below our estimate of fair value (SEK83.68)
Significantly Below Fair Value: TRAD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TRAD is poor value based on its PE Ratio (91x) compared to the XE Media industry average (16.1x).
PE vs Market: TRAD is poor value based on its PE Ratio (91x) compared to the Swedish market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TRAD's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TRAD is good value based on its PB Ratio (0.6x) compared to the SE Media industry average (3.6x).
Next Steps
Future Growth
How is TradeDoubler forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
32.4%
Forecasted Media industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TradeDoubler has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether TradeDoubler is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- TradeDoubler competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Media industry.
Past Performance
How has TradeDoubler performed over the past 5 years?
71.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TRAD has high quality earnings.
Growing Profit Margin: TRAD became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TRAD has become profitable over the past 5 years, growing earnings by 71.8% per year.
Accelerating Growth: TRAD has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TRAD has become profitable in the last year, making it difficult to compare its past year earnings growth to the Media industry (-5.7%).
Return on Equity
High ROE: TRAD's Return on Equity (0.6%) is considered low.
Next Steps
Financial Health
How is TradeDoubler's financial position?
Financial Position Analysis
Short Term Liabilities: TRAD's short term assets (SEK343.5M) do not cover its short term liabilities (SEK392.9M).
Long Term Liabilities: TRAD's short term assets (SEK343.5M) exceed its long term liabilities (SEK132.2M).
Debt to Equity History and Analysis
Debt Level: TRAD's debt to equity ratio (56.8%) is considered high.
Reducing Debt: TRAD's debt to equity ratio has reduced from 62.4% to 56.8% over the past 5 years.
Debt Coverage: TRAD's debt is well covered by operating cash flow (57.2%).
Interest Coverage: TRAD's interest payments on its debt are well covered by EBIT (5x coverage).
Balance Sheet
Next Steps
Dividend
What is TradeDoubler current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TRAD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate TRAD's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TRAD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TRAD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TRAD is not paying a notable dividend for the Swedish market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TRAD's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Matthias Stadelmeyer (44 yo)
6.17yrs
Tenure
kr3,825,000
Compensation
Mr. Matthias Stadelmeyer has been the Chief Executive Officer and President of TradeDoubler AB since September 1, 2014 and served as its President. Mr. Stadelmeyer serves on the investment panel of TD Vent...
CEO Compensation Analysis
Compensation vs Market: Matthias's total compensation ($USD446.31K) is above average for companies of similar size in the Swedish market ($USD227.10K).
Compensation vs Earnings: Matthias's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 6.17yrs | kr3.83m | 0.22% SEK 292.0k | |
| Chief Financial Officer | 4.08yrs | no data | 0.044% SEK 58.4k | |
| Chief Technology Officer | 3yrs | no data | no data | |
| Financial Controller | 12.17yrs | no data | no data |
5.1yrs
Average Tenure
40.5yo
Average Age
Experienced Management: TRAD's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 5.5yrs | kr763.00k | no data | |
| Independent Director | 4.75yrs | kr180.00k | no data | |
| Director | 5.5yrs | kr763.00k | no data | |
| Director | 4.75yrs | kr180.00k | no data | |
| Independent Director | 4.75yrs | kr180.00k | no data |
4.8yrs
Average Tenure
49yo
Average Age
Experienced Board: TRAD's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
TradeDoubler AB (publ)'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: TradeDoubler AB (publ)
- Ticker: TRAD
- Exchange: OM
- Founded: 1999
- Industry: Advertising
- Sector: Media
- Market Cap: kr131.799m
- Shares outstanding: 45.14m
- Website: https://www.tradedoubler.com
Number of Employees
Location
- TradeDoubler AB (publ)
- Birger Jarlsgatan 57A
- Stockholm
- Stockholm County
- 113 56
- Sweden
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TRAD | OM (OMX Nordic Exchange Stockholm) | Yes | Common Shares | SE | SEK | Nov 2005 |
| 0GTU | LSE (London Stock Exchange) | Yes | Common Shares | GB | SEK | Nov 2005 |
| TRADS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Common Shares | GB | SEK | Nov 2005 |
Biography
TradeDoubler AB (publ), together with its subsidiaries, provides performance-based digital marketing services and technology solutions for publishers and advertisers worldwide. It offers affiliate marketin...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/24 21:19 |
| End of Day Share Price | 2020/11/24 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.