Acroud AB (ACROUD) Fair Value & Analysis
Consumer Cyclical · SE · Market cap 175M SEK
Fair value as of: Jul 16, 2026
From 2 valuation models · updated 25 days ago
Share price −4.8% over the past month.
Below-average quality, screening 137% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (kr 0.2465). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
60‑month range kr 0.1000 – kr 3.92 · fair‑value band kr 0.2465 – kr 0.4165 · the kr 0.1400 price screens below the kr 0.3315 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Acroud AB (ACROUD) currently trades at kr 0.1400, while our model-based Fair Value estimate is kr 0.3315, implying the stock looks roughly 136.8% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, Acroud AB generated revenue of 48.1M SEK at a net margin of -4.7%. Revenue grew 17.8% year over year. It earns a return on equity of -12.9%. Net debt stands at 10.8M SEK. Fundamentals as of Jul 16, 2026
Our scenario range runs from kr 0.2465 (bear case) to kr 0.4165 (bull case); at kr 0.1400, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 26% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at 137%, ACROUD screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Multiples (kr 0.0300) versus Asset-Based (kr 0.0100). Highest evidence: EV/EBITDA (54).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 29
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Acroud AB (publ) engages in the development and operation of Software as a Service (SaaS) solutions in Sweden. It operates through two segments, iGaming Affiliation Business and Business-to-Business (B2B) SaaS Solutions.
Full company description
Acroud AB (publ) engages in the development and operation of Software as a Service (SaaS) solutions in Sweden. It operates through two segments, iGaming Affiliation Business and Business-to-Business (B2B) SaaS Solutions. The iGaming Affiliation Business segment generates leads for online casino, poker, and sports betting operators; creates content that attracts, informs, and engages visitors through search engine optimization; and operates specialist media websites. The B2B SaaS Solutions segment business provides solution enabling clients to analyze and monetize the traffic sources, also providing media creators, website affiliates, bloggers, youtubers access to gaming campaigns that would reach, unique software and a single payment/ contact for all affiliation activities; and offers Voonix, a software solution, that provides tools for A/B testing, campaign valuation, traffic analysis, and financial management, streamlining operations for clients to monitor all affiliate activities from one interface; and AffHut network solution, which provides a platform for setting up and managing iGaming campaigns, that offers control over client accounts, invoicing, campaign materials, and others. The company was formerly known as Net Gaming Europe AB (publ) and changed its name to Acroud AB (publ) in July 2020. Acroud AB (publ) was founded in 2003 and is based in Birkirkara, Malta.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Acroud AB reported revenue of kr 47.2M in FY2025 versus kr 24.8M in FY2021, a compound +17.5%/yr. Reported net income was −kr 5.2M in FY2025.
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Peer Group
Gambling · 54 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Gambling median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Flutter Entertainment plc FLUT | $110.66 | $88.33 | -20% |
| Evolution AB EVO | kr 684.00 | kr 974.80 | +43% |
| The Lottery Corporation TLC | A$5.62 | A$2.99 | -47% |
| Super Group SGHC | $14.73 | $9.39 | -36% |
| Lottomatica Group LTMC | €25.62 | €16.38 | -36% |
| Light & Wonder, Inc LNWO | $78.94 | $70.17 | -11% |
| Churchill Downs Incorporated CHDN | $83.95 | $94.74 | +13% |
| FDJ United FDJ | €23.24 | €20.97 | -10% |
| Brightstar Lottery PLC BRSL | $10.71 | $17.61 | +64% |
| Tabcorp Holdings TAH | A$0.8750 | A$0.3700 | -58% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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