TradeDoubler (OM:TRAD) - Stock price, News & Analysis

TRAD fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	0/6

TRAD Stock Overview

Tradedoubler AB (publ), together with its subsidiaries, provides performance-based digital marketing services and technology solutions for publishers and advertisers worldwide.

Rewards

PE ratio (13.3x) is below the Swedish market (22.6x)

Earnings grew by 1606% over the past year

Risk Analysis

Large one-off items impacting financial results

Does not have a meaningful market cap (SEK329M)

Price History & Performance

Summary of all time highs, changes and price drops for TradeDoubler
Historical stock prices
Current Share Price	kr7.30
52 Week High	kr8.18
52 Week Low	kr2.92
Beta	0.83
1 Month Change	21.67%
3 Month Change	32.73%
1 Year Change	147.46%
3 Year Change	103.91%
5 Year Change	46.88%
Change since IPO	-93.36%

Recent News & Updates

Dec 21

Estimating The Intrinsic Value Of TradeDoubler AB (publ) (STO:TRAD)

Does the December share price for TradeDoubler AB (publ) ( STO:TRAD ) reflect what it's really worth? Today, we will...

Nov 09

TradeDoubler (STO:TRAD) Is Doing The Right Things To Multiply Its Share Price

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...

Sep 03

We Think TradeDoubler (STO:TRAD) Can Stay On Top Of Its Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

	TRAD	SE Media	SE Market
7D	-8.1%	-2.9%	-4.2%
1Y	147.5%	-19.8%	17.2%

Return vs Industry: TRAD exceeded the Swedish Media industry which returned -17.4% over the past year.

Return vs Market: TRAD exceeded the Swedish Market which returned 17.8% over the past year.

Price Volatility

Is TRAD's price volatile compared to industry and market?
TRAD volatility
TRAD Average Weekly Movement	7.4%
Media Industry Average Movement	7.8%
Market Average Movement	6.9%
10% most volatile stocks in SE Market	11.7%
10% least volatile stocks in SE Market	3.9%

Stable Share Price: TRAD is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TRAD's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	258	Matthias Stadelmeyer	https://www.tradedoubler.com

Tradedoubler AB (publ), together with its subsidiaries, provides performance-based digital marketing services and technology solutions for publishers and advertisers worldwide. It offers affiliate marketing solutions; white-label partner management platform to manage and run affiliate networks; business intelligence solutions; full service programmatic solutions to identify and connect with customers; and campaign management solutions. The company also provides Metapic, a platform for product recommendations that helps advertisers and digital creatives to enhance through reader engaging content.

TradeDoubler Fundamentals Summary

How do TradeDoubler's earnings and revenue compare to its market cap?
TRAD fundamental statistics
Market Cap	kr329.50m
Earnings (TTM)	kr24.72m
Revenue (TTM)	kr1.35b

13.3x

P/E Ratio

0.2x

P/S Ratio

Is TRAD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TRAD income statement (TTM)
Revenue	kr1.35b
Cost of Revenue	kr1.10b
Gross Profit	kr250.68m
Expenses	kr225.96m
Earnings	kr24.72m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 11, 2022

Earnings per share (EPS)	0.55
Gross Margin	18.61%
Net Profit Margin	1.84%
Debt/Equity Ratio	46.0%

How did TRAD perform over the long term?

See historical performance and comparison

Valuation

Is TradeDoubler undervalued compared to its fair value and its price relative to the market?

13.33x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: TRAD (SEK7.3) is trading above our estimate of fair value (SEK5.76)

Significantly Below Fair Value: TRAD is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: TRAD is good value based on its PE Ratio (13.3x) compared to the Swedish Media industry average (20.3x).

PE vs Market: TRAD is good value based on its PE Ratio (13.3x) compared to the Swedish market (22.6x).

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 (1.3x) compared to the SE Media industry average (4.5x).

Future Growth

How is TradeDoubler forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.5%

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.

Past Performance

How has TradeDoubler performed over the past 5 years?

77.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TRAD has a large one-off gain of SEK11.7M impacting its September 30 2021 financial results.

Growing Profit Margin: TRAD's current net profit margins (1.8%) are higher than last year (0.1%).

Past Earnings Growth Analysis

Earnings Trend: TRAD has become profitable over the past 5 years, growing earnings by 77.2% per year.

Accelerating Growth: TRAD's earnings growth over the past year (1606%) exceeds its 5-year average (77.2% per year).

Earnings vs Industry: TRAD earnings growth over the past year (1606%) exceeded the Media industry 45.7%.

Return on Equity

High ROE: TRAD's Return on Equity (9.9%) is considered low.

Financial Health

How is TradeDoubler's financial position?

Financial Position Analysis

Short Term Liabilities: TRAD's short term assets (SEK382.0M) do not cover its short term liabilities (SEK417.6M).

Long Term Liabilities: TRAD's short term assets (SEK382.0M) exceed its long term liabilities (SEK134.0M).

Debt to Equity History and Analysis

Debt Level: TRAD's net debt to equity ratio (14.6%) is considered satisfactory.

Reducing Debt: TRAD's debt to equity ratio has reduced from 112.1% to 46% over the past 5 years.

Debt Coverage: TRAD's debt is well covered by operating cash flow (50.8%).

Interest Coverage: TRAD's interest payments on its debt are well covered by EBIT (4x coverage).

Balance Sheet

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

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

6.3yrs

Average management tenure

CEO

Matthias Stadelmeyer (45 yo)

7.33yrs

Tenure

kr4,812,000

Compensation

Mr. Matthias Stadelmeyer serves as Chief Executive Officer of Tradedoubler at Reworld Media Société Anonyme. He has been the Chief Executive Officer and President of TradeDoubler AB since September 1, 2014...

CEO Compensation Analysis

Compensation vs Market: Matthias's total compensation ($USD528.98K) is above average for companies of similar size in the Swedish market ($USD232.45K).

Compensation vs Earnings: Matthias's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: TRAD's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Experienced Board: TRAD's board of directors are considered experienced (5.9 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.

Data	Last Updated (UTC time)
Company Analysis	2022/01/19 21:07
End of Day Share Price	2022/01/19 00:00
Earnings	2021/09/30
Annual Earnings	2020/12/31