TRUE-B Stock Analysis: Truecaller (publ) | ST
Software - Application | ST, Sweden | Market Cap: 5.328m SEK | 12M Return: -65.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 26.7M
EPS Trend: -73.8%
Qual. Beats: 0
Rev. Trend: 5.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 4.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Truecaller AB (publ) is a Stockholm-based software company that develops and publishes mobile caller identification applications for consumers and businesses, primarily operating in India, the Middle East, and Africa, with additional international reach. Founded in 2009 and listed on the Stockholm Stock Exchange under the ticker TRUE-B, the company runs a platform that verifies contacts and blocks unwanted communication under the Truecaller brand, helping users screen calls, avoid scams, and filter junk messages through real-time caller identity verification.
The company sits within the GICS Application Software sub-industry and operates a freemium mobile app business model, monetizing its large user base through premium subscriptions, advertising, and business-focused verification and identity services. Its heavy concentration of users in emerging markets, particularly India, distinguishes it from typical Western software peers and ties its growth to smartphone adoption and digital communication trends in those regions.
- India premium subscriptions accelerate revenue growth
- Apple iOS caller ID competition pressures market share
- India ad revenue exposed to macro and currency headwinds
| Net Income: 253.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA -17.45 > 1.0 |
| NWC/Revenue: 54.27% < 20% (prev 41.96%; Δ 12.31% < -1%) |
| CFO/TA 0.24 > 3% & CFO 362.2m > Net Income 253.0m |
| Net Debt (-807.7m) to EBITDA (416.0m): -1.94 < 3 |
| Current Ratio: 3.56 > 1.5 & < 3 |
| Outstanding Shares: last quarter (329.3m) vs 12m ago -4.42% < -2% |
| Gross Margin: 20.75% > 18% (prev 69.61%; Δ -48.87% > 0.5%) |
| Asset Turnover: 104.7% > 50% (prev 142.2%; Δ -37.46% > 0%) |
| Interest Coverage Ratio: 36.63 > 6 (EBIT TTM 349.9m / Interest Expense TTM 9.55m) |
| A: 0.61 (Total Current Assets 1.26b - Total Current Liabilities 355.4m) / Total Assets 1.48b |
| B: -0.43 (Retained Earnings -633.9m / Total Assets 1.48b) |
| C: 0.22 (EBIT TTM 349.9m / Avg Total Assets 1.60b) |
| D: 2.75 (Book Value of Equity 1.09b / Total Liabilities 395.3m) |
| Altman-Z'' = 6.98 = AAA |
| DSRI: 2.23 (Receivables 410.5m/267.6m, Revenue 1.67b/2.44b) |
| GMI: 3.36 (GM 69.61% / 20.75%) |
| AQI: 1.25 (AQ_t 0.11 / AQ_t-1 0.09) |
| SGI: 0.69 (Revenue 1.67b / 2.44b) |
| TATA: -0.07 (NI 253.0m - CFO 362.2m) / TA 1.48b) |
| Beneish M = 0.04 (Cap -4..+1) = D |
As of July 28, 2026, the stock is trading at SEK 17.27 with a total of 2,803,195 shares traded. Over the past week, the price has changed by +4.70%, over one month by +35.50%, over three months by +46.03% and over the past year by -65.22%.
Current recommended Stop Loss: 14.90 (which is 13.7% or 2.7 ATR below the current price).
Truecaller (publ) has no consensus analysts rating.
P/E Trailing = 22.5548
P/S = 3.0517
P/B = 4.8716
Revenue TTM = 1.67b SEK
EBIT TTM = 349.9m SEK
EBITDA TTM = 416.0m SEK
Long Term Debt = 11.6m SEK (estimated: total debt 45.5m - short term 33.9m)
Short Term Debt = 33.9m SEK (from shortTermDebt, last quarter)
Debt = 45.5m SEK (from shortLongTermDebtTotal, last quarter) (leases 45.5m already included)
Net Debt = -807.7m SEK (calculated: Debt 45.5m - CCE 853.2m)
Enterprise Value = 4.52b SEK (5.33b + Debt 45.5m - CCE 853.2m)
Interest Coverage Ratio = 36.63 (Ebit TTM 349.9m / Interest Expense TTM 9.55m)
EV/FCF = 12.83x (Enterprise Value 4.52b / FCF TTM 352.4m)
FCF Yield = 7.80% (FCF TTM 352.4m / Enterprise Value 4.52b)
FCF Margin = 21.05% (FCF TTM 352.4m / Revenue TTM 1.67b)
Net Margin = 15.12% (Net Income TTM 253.0m / Revenue TTM 1.67b)
Gross Margin = 20.75% ((Revenue TTM 1.67b - Cost of Revenue TTM 1.33b) / Revenue TTM)
Gross Margin QoQ = 18.69% (prev 12.11%)
Tobins Q-Ratio = 3.05 (Enterprise Value 4.52b / Total Assets 1.48b)
Interest Expense / Debt = 20.99% (Interest Expense 9.55m / Debt 45.5m)
Taxrate = 32.49% (121.9m / 375.3m)
NOPAT = 236.2m (EBIT 349.9m * (1 - 32.49%))
Current Ratio = 3.56 (Total Current Assets 1.26b / Total Current Liabilities 355.4m)
Debt / Equity = 0.04 (Debt 45.5m / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = -1.94 (Net Debt -807.7m / EBITDA 416.0m)
Debt / FCF = -2.29 (Net Debt -807.7m / FCF TTM 352.4m)
Total Stockholder Equity = 1.19b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.83% (Net Income 253.0m / Total Assets 1.48b)
RoE = 21.22% (Net Income TTM 253.0m / Total Stockholder Equity 1.19b)
RoCE = 29.06% (EBIT 349.9m / Capital Employed (Equity 1.19b + L.T.Debt 11.6m))
RoIC = 21.96% (NOPAT 236.2m / Invested Capital 1.08b)
WACC = 9.15% (E(5.33b)/V(5.37b) * Re(9.11%) + D(45.5m)/V(5.37b) * Rd(20.99%) * (1-Tc(0.32)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -86.25 | Cagr: -2.60%
[DCF] Terminal Value 70.15% ; FCFF base≈494.3m ; Y1≈433.5m ; Y5≈350.3m
[DCF] Fair Price = 20.85 (EV 4.97b - Net Debt -807.7m = Equity 5.77b / Shares 276.8m; r=9.15% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -73.81 | EPS CAGR: -16.34% | SUE: 0.63 | # QB: 0
Revenue Correlation: 5.76 | Revenue CAGR: 0.80% | SUE: 0.07 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.23 | Chg30d=+15.00% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=1.04 | Chg30d=+11.06% | Revisions=-25% | GrowthEPS=-8.3% | GrowthRev=-12.5%
EPS next Year (2027-12-31): EPS=1.46 | Chg30d=+3.86% | Revisions=-25% | GrowthEPS=+40.9% | GrowthRev=+25.7%
[Analyst] Revisions Ratio: -40% (up=0, down=2)