TRUE-B.ST
Strong BuyFull HouseAI neutralTruecaller AB (publ) · Technology · Sweden · $682M
SEK 22.49 +2.3% · close 8 Oct · scored 10 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
Read our full research report on TRUE-B.ST (Jun 2026), freeAs of 10 Oct 2026, MoatMap's StockRank for Truecaller AB (publ) (TRUE-B.ST) is 90/100, ranked against 24,000+ stocks in 35 markets (Quality 87, Value 50, Momentum 51, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
Truecaller runs a caller ID and spam-blocking app with a very large user base, mostly in India, and historically produced high margins and strong cash flow from advertising and subscriptions. Recent Swedish press coverage, however, describes a sharp share price collapse, calls for a change of chief executive, commentary about a 'death spiral' and criticism of the company's large buyback programme as costly and conflicted. Analysts have also cut earnings forecasts. Until it is clear what is driving the decline in the business and whether it is temporary, the case for recovery is unproven.
ABOUT TRUECALLER AB (PUBL)
Read
Truecaller AB is a leading global platform for verifying contacts and blocking unwanted communication, serving hundreds of millions of active users daily. The company's competitive moat is its massive, proprietary, crowdsourced database of phone numbers, which delivers highly accurate caller ID and spam detection. Truecaller monetizes its platform through premium subscriptions, advertising, and business-to-business verification services, with a dominant market position in emerging economies.
FINANCIAL SUMMARY (SEK)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8B | 1.7B | 1.9B | 1.9B | 2.6% | 1.7B | 1.7B | 2.0B | 2.7% |
| EPS (SEK) | 1.43 | 1.49 | 1.51 | 1.13 | -7.5% | 0.75 | 1.04 | 1.45 | 13.2% |
| Shares | 368.8M | 350.3M | 343.0M | 337.9M | -8.4% | 257.0M | — | — | — |
| Debt | 141.5M | 120.9M | 100.1M | 67.8M | -21.7% | 45.5M | — | — | — |
| Equity | 1.8B | 1.7B | 1.5B | 1.3B | -11.5% | — | — | — | — |
| Op CF | 610.4M | 582.0M | 604.1M | 521.4M | -5.1% | 362.2M | — | — | — |
| Inv CF | -297.3M | -626.9M | 130.2M | 210.5M | — | — | — | — | — |
| Fin CF | -223.1M | -643.1M | -882.1M | -785.3M | — | — | — | — | — |
148% above its 52-week low and back above a rising 50-day average.
Swung more than 81% of stocks we rank over the past year (67% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of TRUE-B.ST are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TRUE-B.ST | Truecaller AB (publ)(you) | $682M | 90 | Strong Buy |
| LIME.ST | Lime Technologies AB (publ) | $321M | 69 | Buy |
| MSAB-B.ST | Micro Systemation AB (publ) | $169M | 82 | Strong Buy |
| VIT-B.ST | Vitec Software Group AB (publ) | $1.0B | 62 | Hold |
| SLEEP.ST | Sleep Cycle AB (publ) | $50M | 92 | Strong Buy |
| GENI.ST | Generic Sweden AB | $50M | 94 | Strong Buy |
| OPTER.ST | Opter AB (publ) | $53M | 95 | Strong Buy |
| UPSALE.ST | Upsales Technology AB (publ) | $51M | 80 | Strong Buy |
| SMCRT.ST | SmartCraft Group AB (publ) | $244M | 49 | Hold |
| VER.ST | Verve Group Media SE | $248M | 33 | Sell |
Peer medians: ROE 11.9% · P/E 18.1x · Gross margin 48.1%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.