Download PDF

1. Company Snapshot

1.a. Company Description

Truecaller AB (publ), through its subsidiary, True Software Scandinavia AB, operates a communication platform for verifying contacts and blocking unwanted calls and messages worldwide.It enables safe and relevant conversations between people and for businesses to connect with consumers.Truecaller AB (publ) was founded in 2009 and is headquartered in Stockholm, Sweden.

Show Full description

1.b. Last Insights on TRUE

Truecaller AB's recent performance was driven by several positive factors. The company's board proposed a dividend of SEK 1.70 per share for the financial year 2024, indicating a strong financial position. Additionally, Truecaller's board authorized the repurchase of up to 10% of the outstanding shares, which can help to reduce the number of shares in circulation and increase earnings per share. Furthermore, the company's monthly active users surpassed 450 million, a significant milestone that reflects its growing popularity and user base.

1.c. Company Highlights

2. Transcript Summary

Unfortunately this company is not part of our coverage yet. But as part of your subscription plan you can request it by clicking just below and we'll process.

Request Coverage

3. NewsRoom

Card image cap

European Stocks Possibly Trading Below Intrinsic Value Estimates In December 2025

Dec -04

Source:

Card image cap

European Stocks That May Be Trading Below Their Estimated Value

Dec -04

Source:

Card image cap

Assystem And 2 More European Companies Estimated To Be Priced Below Their Intrinsic Value

Dec -03

Source:

Card image cap

3 Global Stocks Estimated To Be Undervalued By Up To 49.1%

Dec -03

Source:

Card image cap

European Value Stocks Priced Below Estimated Worth

Dec -03

Source:

Card image cap

Repurchase of Truecaller B shares in week 48, 2025

Dec -01

Source:

Card image cap

Undervalued European Small Caps With Insider Buying In December 2025

Dec -01

Source:

Card image cap

What Catalysts Could Shift the Story Behind Truecaller’s Evolving Outlook?

Nov -28

Source:

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (13.57%)

6. Segments

Advertising

Expected Growth: 14.4%

Truecaller's 14.4% growth in advertising is driven by increasing mobile penetration, rising demand for targeted online ads, and growing adoption of digital channels by businesses. Additionally, the company's unique user data and analytics capabilities, coupled with its expanding presence in emerging markets, contribute to its rapid growth in the advertising segment.

User

Expected Growth: 9.95%

Truecaller AB (publ) achieves 9.95% growth driven by increasing smartphone penetration, rising demand for caller identification and spam blocking, expansion into new markets, strategic partnerships, and continuous innovation in AI-powered features, enhancing user experience and driving revenue growth.

Truecaller for Business

Expected Growth: 11.53%

Truecaller for Business's 11.53% growth is driven by increasing demand for verified customer interactions, expansion into new markets, and strategic partnerships. The platform's ability to provide accurate caller identification, fraud detection, and customer engagement solutions resonates with businesses seeking to enhance customer experience and reduce operational costs.

Other

Expected Growth: 10.47%

Truecaller AB's 10.47% growth is driven by increasing adoption of its caller ID and spam blocking features, expansion into new markets, and growing revenue from its premium services. Additionally, the company's strategic partnerships and investments in emerging technologies such as AI and machine learning are contributing to its growth momentum.

7. Detailed Products

Truecaller

A mobile app that helps users identify and block unwanted calls and SMS, while also providing features like caller ID, spam detection, and more.

Truecaller Insights

A data analytics platform that provides insights on mobile usage patterns, demographics, and market trends.

Truecaller Enterprise

A suite of APIs and SDKs that enable businesses to integrate Truecaller's verification and identification capabilities into their own applications.

Truecaller Pay

A mobile payment service that allows users to make transactions, pay bills, and recharge their mobile balances.

Truecaller Ads

A mobile advertising platform that enables businesses to reach their target audience through targeted ads.

8. Truecaller AB (publ)'s Porter Forces

Forces Ranking

Threat Of Substitutes

Truecaller's services are unique, but users can switch to alternative caller ID apps, which reduces the threat of substitutes.

Bargaining Power Of Customers

Truecaller's customers are individual users who do not have significant bargaining power, as they are not bulk purchasers.

Bargaining Power Of Suppliers

Truecaller's suppliers are primarily telecom operators, who do not have significant bargaining power due to the company's strong market position.

Threat Of New Entrants

The threat of new entrants is high due to low barriers to entry and the potential for new competitors to emerge in the caller ID app market.

Intensity Of Rivalry

The intensity of rivalry is medium due to the presence of several established players in the caller ID app market, but Truecaller's strong brand recognition and market share mitigate the threat.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 6.49%
Debt Cost 10.92%
Equity Weight 93.51%
Equity Cost 12.48%
WACC 12.38%
Leverage 6.94%

11. Quality Control: Truecaller AB (publ) passed 5 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Shoper

A-Score: 5.3/10

Value: 0.9

Growth: 9.4

Quality: 8.1

Yield: 1.9

Momentum: 7.5

Volatility: 4.0

1-Year Total Return ->

View Full Report
Stock-Card
Fabasoft

A-Score: 5.3/10

Value: 4.0

Growth: 6.8

Quality: 7.1

Yield: 2.5

Momentum: 7.0

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
LTG

A-Score: 5.2/10

Value: 5.1

Growth: 9.3

Quality: 5.3

Yield: 1.2

Momentum: 6.0

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Truecaller

A-Score: 4.5/10

Value: 2.9

Growth: 6.3

Quality: 8.8

Yield: 4.4

Momentum: 3.5

Volatility: 1.3

1-Year Total Return ->

View Full Report
Stock-Card
Esker

A-Score: 4.2/10

Value: 0.0

Growth: 7.2

Quality: 6.8

Yield: 0.0

Momentum: 5.5

Volatility: 5.7

1-Year Total Return ->

View Full Report
Stock-Card
cBrain

A-Score: 3.6/10

Value: 0.0

Growth: 8.7

Quality: 7.7

Yield: 0.6

Momentum: 3.5

Volatility: 1.0

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

23.06$

Current Price

23.06$

Potential

-0.00%

Expected Cash-Flows