CDON AB (CDON) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 695M SEK

Below-average quality, and trading another 21% above our fair value.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (kr 52.32). The favourable scenario is already priced in.
• Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
• Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 39.80 – kr 609.00 · fair‑value band kr 36.71 – kr 52.32 · the kr 53.80 price screens above the kr 44.51 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

CDON AB (CDON) currently trades at kr 53.80, while our model-based Fair Value estimate is kr 44.51, implying the stock looks roughly 17.3% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, CDON AB generated revenue of 454M SEK at a net margin of -12.9%. Revenue grew 12.5% year over year. It earns a return on equity of -10.7%. The balance sheet holds a net cash position of 150M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 36.71 (bear case) to kr 52.32 (bull case); at kr 53.80, the current price sits above 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 35% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at -17%, CDON 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.

Widest divergence: Dividend Discount (kr 62.78) versus Asset-Based (kr 33.37). Highest evidence: Gordon GGM (70).

Key figures & financial health

Quality Score breakdown

About the company

CDON AB operates online marketplaces in Sweden, Finland, Denmark, and Norway. It operates through CDON and Fyndiq Marketplace; and CDON Retail segments. The company's marketplace allows customers to select and compare prices of products from a range of Nordic e-retailers.

Full company description

CDON AB operates online marketplaces in Sweden, Finland, Denmark, and Norway. It operates through CDON and Fyndiq Marketplace; and CDON Retail segments. The company's marketplace allows customers to select and compare prices of products from a range of Nordic e-retailers. It sells accessories, children and baby products, construction products, books, pet accessories, party and celebration products, films, vehicles and parts, business and industrial products, crafts and hobbies, home and garden products, home electronics, household and kitchen products, health products, interior and furniture products, clothes and shoes, office supplies, LEGO, toys, food, drinks, tobacco, mobile telephony products, music products, outdoor products, sex toys, beauty products, games, sports, and training equipment. CDON AB was incorporated in 1990 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CDON AB reported revenue of kr 444M in FY2025 versus kr 542M in FY2021, a compound −4.9%/yr. Reported net income was −kr 56.8M in FY2025.

CDON screens 17% overvalued. Compare with Amazon.com, Inc →

Peer Group

Internet Retail · 106 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 Internet Retail 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.

Values & ESG

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

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Frequently asked questions

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.