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Adtraction Group (ADTR) Fair Value & Analysis

Communication Services · SE · Market cap 679M SEK

AG Adtraction Group ADTR · ST
Pricekr 42.30
Fair Valuekr 46.74
Upside+10.5%
Quality52/100
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Mixed Growth
Loss-making · -1.3% net margin
Low debt · generates free cash flow
5.53% dividend yield
Ranks above peers (8/12)
Narrow moat 16/100
Evidence: Medium Range kr 36.91 – kr 56.56 Share as image

Fair value as of: Jul 12, 2026

From 11 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from kr 46.30 to kr 46.74 (+1.0%) since Jun 24, 2026. Share price +3.4% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • Our model range runs from kr 36.91 (bear) to kr 56.56 (bull), base kr 46.74. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 52/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

kr 58.21 kr 24.65 Fair Value kr 46.74 Dec 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

56‑month range kr 24.65 – kr 58.21 · fair‑value band kr 36.91 – kr 56.56 · the kr 42.30 price screens below the kr 46.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Adtraction Group (ADTR) currently trades at kr 42.30, while our model-based Fair Value estimate is kr 46.74, implying the stock looks roughly 10.5% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Communication Services 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: medium), always confirm before acting.

Over the trailing twelve months, Adtraction Group generated revenue of 1.2B SEK at a net margin of -1.3%. Revenue grew 11.5% year over year. It earns a return on equity of -7.1%. The balance sheet holds a net cash position of 124M SEK. Fundamentals as of Jul 12, 2026

Our scenario range runs from kr 36.91 (bear case) to kr 56.56 (bull case); at kr 42.30, the current price sits within 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 near its 52-week high and 72% above its 52-week low, currently above its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -1% fair-value upside, at 11%, ADTR 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF kr 49.20 kr 71.65 kr 102.82 80
Rev-Margin DCF kr 46.01 kr 70.81 kr 101.73 74
EV/EBITDA kr 36.91 kr 46.74 kr 56.56 54
All 11 models by family
DCF Models
FCF DCF kr 49.55 kr 74.41 kr 110.81 38
Owner Earnings kr 38.61 kr 57.01 kr 83.95 31
5Y Revenue Exit kr 46.01 kr 71.05 kr 104.03 39
5Y EBITDA Exit kr 39.93 kr 58.91 kr 81.61 41
10Y Revenue Exit kr 45.83 kr 68.39 kr 100.95 36
10Y EBITDA Exit kr 43.23 kr 60.42 kr 84.34 37
Multiples
EV/EBITDA kr 36.91 kr 46.74 kr 56.56 54
EV/Revenue kr 45.11 kr 61.25 kr 77.39 43
Asset-Based
NCAV (Graham) kr 6.33 kr 8.49 kr 12.67 50
Growth DCF
Growth DCF kr 49.20 kr 71.65 kr 102.82 80
Rev-Margin DCF kr 46.01 kr 70.81 kr 101.73 74

Widest divergence: Growth DCF (kr 70.81) versus Asset-Based (kr 8.49). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.2B SEK
Revenue growth (YoY) +11.5%
Net margin -1.3%
Return on equity -7.1%
Free cash flow 68.7M SEK FY2025
Operating margin -0.9%
More key figures
EPS (TTM) kr -0.9400
Dividend yield 5.7%
EPS growth (YoY) -60.0%
Net cash 124M SEK FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 56 · Market factors (momentum, volatility) 77

Profitability 38
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 83
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 45
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 98
Distance to the 52-week high (market factor)
Net Issuance 40
Buybacks instead of dilution

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

Adtraction Group AB provides advertising services in Europe. It develops and operates a platform, which connects advertisers with various partners, such as digital magazines, influencers, bloggers, forums, mobile apps, and price comparison sites. The company was founded in 2007 and is headquartered in Stockholm, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Adtraction Group reported revenue of kr 1.2B in FY2025 versus kr 698M in FY2021, a compound +14.2%/yr. Reported net income was −kr 19.9M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.2B SEK
Latest YoY
−1.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+8.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.8%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.2%
Revenue +14.2%/yr
FY21 kr 698M
FY22 kr 926M
FY23 kr 1.3B
FY24 kr 1.2B
FY25 kr 1.2B
Net income
FY21 kr 19.2M
FY22 kr 20.0M
FY23 −kr 1.3M
FY24 −kr 13.0M
FY25 −kr 19.9M

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Cite: Fair Value Calculator (2026). "Adtraction Group Fair Value". https://www.fairvalue-calculator.com/stock/ADTR

Peer Group

Advertising Agencies · 199 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.

Quality Score 52 · Above median
Fair Value upside +11% · Above median
Return on assets -1% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 5.5% · Above median

Valuation Multiples vs Advertising Agencies median · lower = cheaper

P/B 0.34× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 1.0× · Cheaper than median

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.

VALUE 47 · sector 19
FUTURE 58 · sector 8
PAST 0 · sector 7
HEALTH 100 · sector 98
DIVIDEND 100 · sector 66

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Advertising Agencies stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
AppLovin Corporation APP $506.98 $181.37 -64%
Publicis Groupe S.A PUB €87.16 €146.36 +68%
Omnicom Group OMC $80.75 $99.84 +24%
Focus Media Information Technology Co 002027 ¥5.00 ¥4.08 -18%
The Trade Desk, Inc TTD $19.37 $20.76 +7%
BlueFocus Intelligent Communications Group 300058 ¥13.81 ¥1.50 -89%
JCDecaux SE DEC €21.28 €20.99 -1%
WPP plc WPP $18.13 $18.56 +2%
Easy Click Worldwide Network Technology Co 301171 ¥28.85 ¥5.62 -81%
Mobvista Inc 1860 HK$11.15 HK$6.43 -42%

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Frequently asked questions

Is Adtraction Group (ADTR) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of kr 46.74 versus a price of kr 42.30, about +11% (undervalued).
What is the fair value of ADTR?
Our model-based fair value for Adtraction Group is kr 46.74 (as of Jul 12, 2026), built from audited fundamentals. The current price is kr 42.30.
What is the quality score of ADTR?
Adtraction Group has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Adtraction Group (ADTR)?
Adtraction Group reported trailing-twelve-month revenue of about 1.2B SEK (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ADTR?
The net profit margin of Adtraction Group is about -1.3%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Adtraction Group pay a dividend?
Adtraction Group currently shows a dividend yield of about 5.71% relative to its recent price (as of Jul 12, 2026).

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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