STORY-B Stock Analysis: Storytel (publ) | ST
Publishing | ST, Sweden | Market Cap: 8.796m SEK | 12M Return: 44.5% | SE0007439443 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.8M
Qual. Beats: 0
Rev. Trend: 99.3%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality
Storytel AB (publ) is a Swedish-headquartered company operating in the audiobook and publishing industry across multiple markets, including Sweden, Denmark, the United States, Finland, the Netherlands, Poland, Iceland, and internationally. The business is organized into two segments: Streaming, which delivers audiobook and e-book subscription services under the Storytel, Mofibo, and Audiobooks.com brands, and Publishing, which produces printed books, audiobooks, and e-books through a portfolio of imprints including Norstedts, Rabén & Sjögren, Lind & Co, Peoples, Gummerus, Bokfabriken, and Storyside.
The company sits within the GICS Communication Services sector and is classified under the Publishing sub-industry. Its business model combines a recurring-revenue streaming platform with traditional book publishing operations, allowing it to capture value across both content production and digital distribution in the audiobook value chain.
- Storytel streaming subscriber growth slows in core Nordic markets
- Audible and Spotify heighten competition in audiobook streaming
- Content royalty costs continue compressing streaming margins
| Net Income: 599.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -3.20 > 1.0 |
| NWC/Revenue: 7.30% < 20% (prev -11.24%; Δ 18.54% < -1%) |
| CFO/TA 0.18 > 3% & CFO 673.4m > Net Income 599.0m |
| Net Debt (262.5m) to EBITDA (810.7m): 0.32 < 3 |
| Current Ratio: 1.32 > 1.5 & < 3 |
| Outstanding Shares: last quarter (77.8m) vs 12m ago -0.86% < -2% |
| Gross Margin: 45.97% > 18% (prev 45.41%; Δ 0.56% > 0.5%) |
| Asset Turnover: 121.0% > 50% (prev 123.0%; Δ -2.00% > 0%) |
| Interest Coverage Ratio: 16.65 > 6 (EBIT TTM 486.5m / Interest Expense TTM 29.2m) |
| A: 0.08 (Total Current Assets 1.25b - Total Current Liabilities 948.8m) / Total Assets 3.71b |
| B: -0.49 (Retained Earnings -1.80b / Total Assets 3.71b) |
| C: 0.14 (EBIT TTM 486.5m / Avg Total Assets 3.44b) |
| D: 1.14 (Book Value of Equity 1.92b / Total Liabilities 1.69b) |
| Altman-Z'' = 1.10 = BB |
| DSRI: 1.04 (Receivables 602.9m/540.6m, Revenue 4.16b/3.89b) |
| GMI: 0.99 (GM 45.41% / 45.97%) |
| AQI: 1.00 (AQ_t 0.63 / AQ_t-1 0.62) |
| SGI: 1.07 (Revenue 4.16b / 3.89b) |
| TATA: -0.02 (NI 599.0m - CFO 673.4m) / TA 3.71b) |
| Beneish M = -2.95 (Cap -4..+1) = A |
As of September 29, 2026, the stock is trading at SEK 116.60 with a total of 340,657 shares traded. Over the past week, the price has changed by +1.30%, over one month by +7.27%, over three months by +28.20% and over the past year by +44.50%.
Current recommended Stop Loss: 113.30 (which is 2.8% or 1.2 ATR below the current price).
Storytel (publ) has no consensus analysts rating.
P/E Trailing = 14.7865
P/E Forward = 15.9236
P/S = 2.1141
P/B = 4.6058
Revenue TTM = 4.16b SEK
EBIT TTM = 486.5m SEK
EBITDA TTM = 810.7m SEK
Long Term Debt = 550.0m SEK (from longTermDebt, last quarter)
Short Term Debt = 43.3m SEK (from shortTermDebt, last quarter)
Debt = 798.8m SEK (from shortLongTermDebtTotal, last quarter) + Leases 124.4m
Net Debt = 262.5m SEK (calculated: Debt 798.8m - CCE 536.3m)
Enterprise Value = 9.06b SEK (8.80b + Debt 798.8m - CCE 536.3m)
Interest Coverage Ratio = 16.65 (Ebit TTM 486.5m / Interest Expense TTM 29.2m)
EV/FCF = 19.08x (Enterprise Value 9.06b / FCF TTM 474.8m)
FCF Yield = 5.24% (FCF TTM 474.8m / Enterprise Value 9.06b)
FCF Margin = 11.41% (FCF TTM 474.8m / Revenue TTM 4.16b)
Net Margin = 14.40% (Net Income TTM 599.0m / Revenue TTM 4.16b)
Gross Margin = 45.97% ((Revenue TTM 4.16b - Cost of Revenue TTM 2.25b) / Revenue TTM)
Gross Margin QoQ = 46.28% (prev 45.15%)
Tobins Q-Ratio = 2.44 (Enterprise Value 9.06b / Total Assets 3.71b)
Interest Expense / Debt = 3.66% (Interest Expense 29.2m / Debt 798.8m)
Taxrate = 12.34% (14.1m / 114.3m)
NOPAT = 426.5m (EBIT 486.5m * (1 - 12.34%))
Current Ratio = 1.32 (Total Current Assets 1.25b / Total Current Liabilities 948.8m)
Debt / Equity = 0.42 (Debt 798.8m / totalStockholderEquity, last quarter 1.92b)
Debt / EBITDA = 0.32 (Net Debt 262.5m / EBITDA 810.7m)
Debt / FCF = 0.55 (Net Debt 262.5m / FCF TTM 474.8m)
Total Stockholder Equity = 1.78b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.42% (Net Income 599.0m / Total Assets 3.71b)
RoE = 33.66% (Net Income TTM 599.0m / Total Stockholder Equity 1.78b)
RoCE = 20.88% (EBIT 486.5m / Capital Employed (Equity 1.78b + L.T.Debt 550.0m))
RoIC = 16.42% (NOPAT 426.5m / Invested Capital 2.60b)
WACC = 6.12% (E(8.80b)/V(9.59b) * Re(6.38%) + D(798.8m)/V(9.59b) * Rd(3.66%) * (1-Tc(0.12)))
Discount Rate = 6.38% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -23.32 | Cagr: 0.40%
[DCF] Terminal Value 74.56% ; FCFF base≈487.3m ; Y1≈464.0m ; Y5≈442.0m
[DCF] Fair Price = 86.97 (EV 6.95b - Net Debt 262.5m = Equity 6.69b / Shares 77.0m; r=8.35% [WACC [floored]]; 5y FCF grow -6.18% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.02 | # QB: 0
Revenue Correlation: 99.29 | Revenue CAGR: 7.06% | SUE: 1.28 | # QB: 1
EPS current Quarter (2026-09-30): EPS=2.14 | Chg30d=+10.35% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=6.48 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+2.2% | GrowthRev=+9.2%
EPS next Year (2027-12-31): EPS=7.48 | Chg30d=+0.00% | Revisions=+50% | GrowthEPS=+15.6% | GrowthRev=+8.6%
[Analyst] Revisions Ratio: +50% (up=6, down=1)