Want to see SE:CDON full AI Analyst Report?
Top Page
CDON AB
(CDON)
Select Model
Select Model
Rating:49Neutral
Price Target:
kr47.00
▼(-14.23% Downside)
Action:Reiterated
Date:07/16/26
The score is held back primarily by ongoing operating losses and weak technical momentum (below major moving averages with negative MACD). Offsetting these, the company shows improving revenue and cash flow and maintains a conservative balance sheet with no debt, but profitability and valuation support remain limited.
Positive Factors
Marketplace model
A marketplace structure lets CDON monetize transactions and merchant services across product categories without relying on a single owned retail assortment. Broad merchant participation can support selection and customer relevance, making the model scalable if platform activity grows.
Negative Factors
Persistent operating losses
Persistent operating and net losses show that improved revenue and gross profit have not yet translated into a self-sustaining earnings model. Continued losses can consume the benefits of growth, limit reinvestment capacity, and make long-term profitability dependent on substantial cost improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Marketplace model
A marketplace structure lets CDON monetize transactions and merchant services across product categories without relying on a single owned retail assortment. Broad merchant participation can support selection and customer relevance, making the model scalable if platform activity grows.
Read all positive factors
CDON AB (CDON) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr528.08M
Dividend YieldN/A
Average Volume (3M)1.31K
Price to Earnings (P/E)―
Beta (1Y)0.63
Revenue Growth7.99%
EPS Growth33.84%
CountrySE
Employees74
SectorGeneral
Sector StrengthN/A
IndustrySpecialty Retail
Share Statistics
EPS (TTM)-5.71
Shares Outstanding11,259,717
10 Day Avg. Volume3,401
30 Day Avg. Volume1,309
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)1.23
Price to Sales (P/S)1.55
P/FCF Ratio-116.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-4.44
Revenue Forecast (FY)kr467.84M
CDON AB Business Overview & Revenue Model
Company Description
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 ex...
How the Company Makes Money
CDON primarily makes money through its marketplace model by monetizing transactions and services provided to third-party merchants. Key revenue streams typically include: (1) commissions/fees on gross merchandise value (GMV), where CDON takes a pe...
CDON AB Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 457.00M | 444.00M | 435.20M | 468.70M | 461.20M | 542.20M |
| Gross Profit | 381.90M | 365.60M | 333.00M | 323.40M | 227.10M | 226.90M |
| EBITDA | -12.70M | 10.70M | -26.90M | -7.30M | -146.20M | -60.70M |
| Net Income | -64.90M | -56.80M | -110.90M | -68.60M | -149.90M | -62.60M |
Balance Sheet | ||||||
| Total Assets | 744.90M | 802.40M | 864.60M | 954.30M | 237.70M | 371.00M |
| Cash, Cash Equivalents and Short-Term Investments | 140.70M | 149.60M | 144.90M | 153.80M | 123.10M | 202.90M |
| Total Debt | 0.00 | 0.00 | 7.10M | 6.40M | 0.00 | 0.00 |
| Total Liabilities | 235.10M | 241.60M | 288.70M | 267.20M | 193.20M | 174.20M |
| Stockholders Equity | 509.80M | 560.80M | 576.00M | 687.10M | 44.50M | 189.90M |
Cash Flow | ||||||
| Free Cash Flow | 31.60M | -5.90M | -8.80M | -1.00M | -78.10M | -127.00M |
| Operating Cash Flow | 43.70M | -5.80M | 15.20M | -700.00K | -56.00M | -105.40M |
| Investing Cash Flow | -26.60M | -24.90M | -24.00M | 23.80M | -23.40M | -52.90M |
| Financing Cash Flow | 41.90M | 35.40M | 0.00 | 7.50M | 100.00K | 188.40M |
CDON AB Technical Analysis
Negative
54.80
Price Trends
55.74
Negative
61.64
Negative
64.84
Negative
Market Momentum
-2.20
Positive
22.39
Positive
42.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CDON, the sentiment is Negative. The current price of 54.8 is above the 20-day moving average (MA) of 52.46, below the 50-day MA of 55.74, and below the 200-day MA of 64.84, indicating a bearish trend. The MACD of -2.20 indicates Positive momentum. The RSI at 22.39 is Positive, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CDON.
CDON AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | kr880.80M | 22.66 | 41.64% | 2.41% | 9.82% | 33.55% | |
68 Neutral | kr1.06B | 12.17 | ― | 6.06% | 3.43% | 69.60% | |
66 Neutral | kr8.04B | 32.75 | ― | 0.78% | 9.35% | -91.93% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | kr3.61B | 40.89 | ― | ― | 7.07% | ― | |
51 Neutral | kr1.48B | -2.32 | -45.33% | ― | -5.59% | -1230.42% | |
49 Neutral | kr528.08M | -8.21 | ― | ― | 7.99% | 33.84% |
* General Sector Average
SE:CDON
CDON AB
46.50
-17.50
-27.34%
SE:CLAS.B
Clas Ohlson AB
440.40
118.27
36.72%
SE:BHG
BHG Group AB
20.14
-7.14
-26.17%
SE:KJELL
Kjell Group AB
15.50
7.45
92.50%
SE:APOTEA
Apotea AB
77.00
-18.63
-19.48%
SE:BOKUS
Bokusgruppen AB
65.40
-13.68
-17.30%
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.