TRUE-B Stock Analysis: Truecaller (publ) | ST
Software - Application | ST, Sweden | Market Cap: 4.168m SEK | 12M Return: -78.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.1M
EPS Trend: -65.0%
Qual. Beats: -1
Rev. Trend: 61.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 4.7 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
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: 319.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.31 > 0.02 and ΔFCF/TA 3.42 > 1.0 |
| NWC/Revenue: 57.33% < 20% (prev 76.30%; Δ -18.98% < -1%) |
| CFO/TA 0.32 > 3% & CFO 500.0m > Net Income 319.4m |
| Net Debt (-862.0m) to EBITDA (500.9m): -1.72 < 3 |
| Current Ratio: 4.44 > 1.5 & < 3 |
| Outstanding Shares: last quarter (335.9m) vs 12m ago -2.07% < -2% |
| Gross Margin: 29.90% > 18% (prev 53.45%; Δ -23.54% > 0.5%) |
| Asset Turnover: 98.46% > 50% (prev 93.90%; Δ 4.56% > 0%) |
| Interest Coverage Ratio: 45.37 > 6 (EBIT TTM 433.4m / Interest Expense TTM 9.55m) |
| A: 0.66 (Total Current Assets 1.31b - Total Current Liabilities 296.1m) / Total Assets 1.55b |
| B: -0.33 (Retained Earnings -518.4m / Total Assets 1.55b) |
| C: 0.24 (EBIT TTM 433.4m / Avg Total Assets 1.80b) |
| D: 3.37 (Book Value of Equity 1.20b / Total Liabilities 355.1m) |
| Altman-Z'' = 8.37 = AAA |
| DSRI: 1.04 (Receivables 392.1m/408.9m, Revenue 1.78b/1.93b) |
| GMI: 1.79 (GM 53.45% / 29.90%) |
| AQI: 1.49 (AQ_t 0.11 / AQ_t-1 0.07) |
| SGI: 0.92 (Revenue 1.78b / 1.93b) |
| TATA: -0.12 (NI 319.4m - CFO 500.0m) / TA 1.55b) |
| Beneish M = -2.06 (Cap -4..+1) = BB |
As of July 01, 2026, the stock is trading at SEK 14.09 with a total of 4,175,843 shares traded. Over the past week, the price has changed by +14.55%, over one month by +0.93%, over three months by +32.22% and over the past year by -78.56%.
Current recommended Stop Loss: 13.20 (which is 6.3% or 1.2 ATR below the current price).
Truecaller (publ) has no consensus analysts rating.
P/E Trailing = 14.0
P/S = 2.2967
P/B = 3.3289
Revenue TTM = 1.78b SEK
EBIT TTM = 433.4m SEK
EBITDA TTM = 500.9m SEK
Long Term Debt = 22.7m SEK (estimated: total debt 60.6m - short term 37.9m)
Short Term Debt = 37.9m SEK (from shortTermDebt, last quarter)
Debt = 60.6m SEK (from shortLongTermDebtTotal, last quarter) (leases 60.6m already included)
Net Debt = -862.0m SEK (calculated: Debt 60.6m - CCE 922.6m)
Enterprise Value = 3.31b SEK (4.17b + Debt 60.6m - CCE 922.6m)
Interest Coverage Ratio = 45.37 (Ebit TTM 433.4m / Interest Expense TTM 9.55m)
EV/FCF = 6.78x (Enterprise Value 3.31b / FCF TTM 488.0m)
FCF Yield = 14.76% (FCF TTM 488.0m / Enterprise Value 3.31b)
FCF Margin = 27.46% (FCF TTM 488.0m / Revenue TTM 1.78b)
Net Margin = 17.97% (Net Income TTM 319.4m / Revenue TTM 1.78b)
Gross Margin = 29.90% ((Revenue TTM 1.78b - Cost of Revenue TTM 1.25b) / Revenue TTM)
Gross Margin QoQ = 12.11% (prev 18.67%)
Tobins Q-Ratio = 2.13 (Enterprise Value 3.31b / Total Assets 1.55b)
Interest Expense / Debt = 15.76% (Interest Expense 9.55m / Debt 60.6m)
Taxrate = 30.02% (137.0m / 456.3m)
NOPAT = 303.3m (EBIT 433.4m * (1 - 30.02%))
Current Ratio = 4.44 (Total Current Assets 1.31b / Total Current Liabilities 296.1m)
Debt / Equity = 0.05 (Debt 60.6m / totalStockholderEquity, last quarter 1.20b)
Debt / EBITDA = -1.72 (Net Debt -862.0m / EBITDA 500.9m)
Debt / FCF = -1.77 (Net Debt -862.0m / FCF TTM 488.0m)
Total Stockholder Equity = 1.21b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.70% (Net Income 319.4m / Total Assets 1.55b)
RoE = 26.30% (Net Income TTM 319.4m / Total Stockholder Equity 1.21b)
RoCE = 35.04% (EBIT 433.4m / Capital Employed (Equity 1.21b + L.T.Debt 22.7m))
RoIC = 25.20% (NOPAT 303.3m / Invested Capital 1.20b)
WACC = 9.00% (E(4.17b)/V(4.23b) * Re(8.97%) + D(60.6m)/V(4.23b) * Rd(15.76%) * (1-Tc(0.30)))
Discount Rate = 8.97% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -82.22 | Cagr: -2.21%
[DCF] Terminal Value 70.70% ; FCFF base≈523.7m ; Y1≈459.2m ; Y5≈371.0m
[DCF] Fair Price = 22.55 (EV 5.38b - Net Debt -862.0m = Equity 6.24b / Shares 276.8m; r=9.00% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -65.04 | EPS CAGR: -9.69% | SUE: -2.93 | # QB: -1
Revenue Correlation: 61.60 | Revenue CAGR: 3.71% | SUE: -0.75 | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.20 | Chg30d=-16.67% | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=0.93 | Chg30d=+7.29% | Revisions=-25% | GrowthEPS=-17.4% | GrowthRev=-14.9%
EPS next Year (2027-12-31): EPS=1.41 | Chg30d=+0.00% | Revisions=+14% | GrowthEPS=+50.6% | GrowthRev=+28.3%
[Analyst] Revisions Ratio: -25%