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Acast AB
(ACAST)
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Rating:58Neutral
Price Target:
kr34.00
▼(-5.42% Downside)
Action:Reiterated
Date:10/24/26
The score is primarily supported by improving financial performance (positive TTM EBITDA/EBIT, stronger free cash flow, and low leverage), but is held back by weak technical momentum (below key moving averages and negative MACD) and a relatively expensive valuation (P/E 56.564) with no dividend yield data to offset it.
Positive Factors
Revenue Growth
Sustained revenue expansion indicates continued demand for Acast’s podcast advertising and platform services. Maintaining growth across multiple years can broaden its marketplace, increase monetizable inventory, and support operating leverage as the business scales.
Negative Factors
Near-Break-Even Net Profitability
Despite positive EBITDA and EBIT, near-zero net profitability leaves limited protection if revenue growth moderates or expenses increase. Thin margins also reduce the company’s ability to absorb execution setbacks and make durable earnings improvement dependent on further operating efficiency.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue expansion indicates continued demand for Acast’s podcast advertising and platform services. Maintaining growth across multiple years can broaden its marketplace, increase monetizable inventory, and support operating leverage as the business scales.
Read all positive factors
Acast AB (ACAST) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr5.93B
Dividend YieldN/A
Average Volume (3M)286.81K
Price to Earnings (P/E)55.9
Beta (1Y)0.24
Revenue Growth25.22%
EPS GrowthN/A
CountrySE
Employees475
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)0.57
Shares Outstanding185,244,780
10 Day Avg. Volume216,063
30 Day Avg. Volume286,808
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)5.28
Price to Sales (P/S)2.58
P/FCF Ratio-1.54K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr39.00Price Target Upside8.48% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.84
Revenue Forecast (FY)kr3.15B
Acast AB Business Overview & Revenue Model
Company Description
Acast AB (publ) operates an international platform that connects podcast creators with advertisers. The company empowers advertisers to engage with podcast listeners through various formats, including host-read ads, standard audio spots, and integ...
How the Company Makes Money
Acast makes money primarily by monetizing podcasts through advertising. The core revenue stream comes from selling ad inventory across podcasts hosted on (or monetized via) its platform—typically through campaign-based advertising placements such ...
Acast AB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.80B | 2.42B | 1.94B | 1.64B | 1.39B | 1.03B |
| Gross Profit | 1.09B | 890.66M | 764.20M | 520.84M | 469.86M | 373.48M |
| EBITDA | 178.30M | 10.90M | 25.94M | -95.25M | -219.24M | -250.06M |
| Net Income | 104.19M | -112.41M | 78.22M | -179.68M | -286.38M | -300.39M |
Balance Sheet | ||||||
| Total Assets | 2.25B | 2.12B | 2.01B | 1.72B | 1.86B | 1.86B |
| Cash, Cash Equivalents and Short-Term Investments | 629.54M | 589.33M | 713.70M | 759.46M | 867.76M | 1.36B |
| Total Debt | 124.81M | 135.38M | 141.15M | 21.95M | 48.41M | 47.23M |
| Total Liabilities | 999.77M | 942.78M | 742.34M | 580.44M | 554.86M | 370.17M |
| Stockholders Equity | 1.25B | 1.18B | 1.27B | 1.14B | 1.31B | 1.49B |
Cash Flow | ||||||
| Free Cash Flow | 128.63M | -4.06M | 23.17M | -81.29M | -337.04M | -141.30M |
| Operating Cash Flow | 176.36M | 62.18M | 34.39M | -28.14M | -294.28M | -106.58M |
| Investing Cash Flow | -87.90M | -116.66M | -75.88M | -53.30M | -251.27M | -35.31M |
| Financing Cash Flow | -32.67M | -27.48M | -22.94M | -25.02M | -27.01M | 1.21B |
Acast AB Technical Analysis
Negative
35.95
Price Trends
33.80
Negative
36.01
Negative
32.95
Negative
Market Momentum
-0.32
Negative
43.36
Neutral
65.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ACAST, the sentiment is Negative. The current price of 35.95 is above the 20-day moving average (MA) of 32.50, above the 50-day MA of 33.80, and above the 200-day MA of 32.95, indicating a bearish trend. The MACD of -0.32 indicates Negative momentum. The RSI at 43.36 is Neutral, neither overbought nor oversold. The STOCH value of 65.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:ACAST.
Acast AB Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | kr527.08M | 18.10 | 9.27% | 6.91% | 1.90% | -60.00% | |
66 Neutral | kr183.32B | 35.43 | 10.00% | 4.22% | -0.15% | 23.71% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
58 Neutral | kr5.93B | 55.87 | 8.74% | ― | 25.22% | ― | |
58 Neutral | kr351.88M | -24.23 | -4.06% | 1.85% | 2.62% | -235.03% | |
45 Neutral | kr218.47M | -1.89 | -11.22% | ― | 17.70% | 85.68% | |
43 Neutral | kr5.32B | -4.01 | -63.55% | 2.87% | 19.83% | -144.94% |
* Communication Services Sector Average
SE:ACAST
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32.00
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Acast AB Corporate Events
Acast Invites Market to Webcast on January–September 2026 Interim Results
Oct 20, 2026
Acast AB, a Stockholm-based, Nasdaq Stockholm-listed pure-play podcast company, operates a global platform that connects more than 140,000 creators with over 4,000 advertisers. Its infrastructure is designed to be a single entry point for podcasti...
Acast Forms Nomination Committee Ahead of 2027 Annual Meeting
Oct 6, 2026
Acast AB has appointed a Nomination Committee for its 2027 Annual General Meeting in Stockholm, in line with a decision taken at the 2026 AGM. The committee includes representatives from major shareholders Bonnier Capital, Alfvén Didrikson, ...
Acast Expands Share Capital Following Employee Warrant Exercises
Sep 30, 2026
Acast AB is a Stockholm-listed, pure-play podcasting company that builds the infrastructure connecting creators and advertisers across audio, video, social, and other digital channels. Positioned as a global authority in the podcast industry, Acas...
Acast Buys Backyard Ventures to Boost Omnichannel Podcast Monetization
Aug 11, 2026
Acast AB has acquired Backyard Ventures, a U.S. creator network with more than 200 creators across audio, YouTube, newsletters and social platforms, for $20 million in cash and shares. The deal gives Acast a strategic base in Austin and significan...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.