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CDON AB (CDON) Stock Price & Analysis
CDON Stock Chart & Stats
- Day’s Range
- SEK 45.10 - SEK 48.00
- 52-Week Range
- SEK 39.00 - SEK 79.00
- Previous Close
- SEK 47.00
- Volume
- N/A
- Average Volume (3M)
- 695
- Market Cap
- SEK 528.08M
- Enterprise Value
- SEK 335.64M
- Total Cash (Recent Filing)
- SEK 137.90M
- Total Debt (Recent Filing)
- SEK 0
- Price to Earnings (P/E)
- ―
- Beta
- 0.66
- Next Earnings
- Feb 11, 2027 (Est.)
- EPS Estimate
- 0.41
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Asset-light Marketplace Model
The pure marketplace structure removes inventory ownership from operations and can support scalable growth with lower working-capital intensity. Its established customer, traffic, and merchant base also creates network effects that can strengthen assortment and marketplace relevance over time.
Sustained GMV And Nordic Growth
Four consecutive quarters of double-digit GMV growth indicate improving marketplace adoption rather than an isolated demand spike. Stronger Nordic expansion and merchant migration across countries can broaden the addressable customer base, increase liquidity, and support further operating leverage.
Low Leverage And Improved Cash Generation
Positive trailing cash generation combined with essentially no financial leverage gives CDON greater flexibility to fund marketplace investments and withstand operating volatility. The improved cash profile reduces solvency pressure while management works toward more consistent profitability and its longer-term EBITDA ambition.
Bears Say
Persistent Operating And Net Losses
The company has not yet converted strong revenue and GMV growth into sustainable earnings, leaving profitability dependent on future operating leverage. Continued operating and net losses can consume equity, constrain reinvestment capacity, and make the 2027 EBITDA ambition execution-dependent.
EU Tariff And Fee Uncertainty
The EU tariff changes have already disrupted Fyndiq demand and create an ongoing adjustment burden for merchants and customers. Further fees may require pricing or assortment changes, potentially pressuring sales growth, conversion, and marketplace economics until the impact becomes more predictable.
Higher Marketing Costs And Paid-traffic Reliance
Rising marketing expenditure can absorb the benefits of GMV growth if customer acquisition remains reliant on paid traffic. The need to improve brand, SEO, and customer experience indicates that organic demand generation is still developing, creating pressure on margins and the pace of operating leverage.
CDON AB News
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Company Description
CDON AB
CDON AB operates a major digital marketplace throughout the Nordic region. This platform empowers consumers to effortlessly purchase and compare prices for millions of products offered by a wide array of online retailers across the Nordics. Its extensive product range spans numerous categories, including electronics, media (movies, music, games), office supplies, books, toys, home appliances, athletic and outdoor gear, beauty products, fashion apparel, and footwear. Founded in 1999 and headquartered in Malmö, Sweden, CDON AB functions as a subsidiary of Nelly Group AB (publ).
- Sector
- General
- Industry
- Specialty Retail
- CEO
- Fredrik Norberg
- Employees
- 74
- Website
- cdon.se
- Address
- Ynglingagatan 16, Stockholm, 113 47, SE
CDON AB (CDON) Earnings & Revenues
CDON Earnings Call
Earnings Call SentimentPositive
The call was broadly positive, driven by accelerating GMV growth, four consecutive quarters of double-digit growth, strong September and October momentum, improving Nordic expansion, technology initiatives, a stronger cash position, and reaffirmation of the 2027 EBITDA ambition. The main concerns were weak Fyndiq performance early in the quarter due to EU tariffs, lower reported profitability, higher marketing and operating expenses, unresolved retail media monetization, and uncertainty around the additional EUR 2 fee in November.
View all SE:CDON earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 10 | 5 | 7 |
| Technical Analysis | 4 | 5 | 1 |
| Moving Averages | 6 | 0 | 6 |

