Truecaller (TRUE B) Stock Overview
Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 5/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
TRUE B Community Fair Values
Create NarrativeSee what 56 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Truecaller AB (publ) Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | SEK 12.88 |
| 52 Week High | SEK 70.15 |
| 52 Week Low | SEK 9.27 |
| Beta | 1.12 |
| 1 Month Change | -4.17% |
| 3 Month Change | 24.08% |
| 1 Year Change | -79.36% |
| 3 Year Change | -56.88% |
| 5 Year Change | n/a |
| Change since IPO | -75.23% |
Recent News & Updates
Narrative Update • Jun 23
TRUE B: Revised Earnings Multiple Will Create Longer Term Entry Opportunity
Truecaller’s updated analyst price target moves to SEK 17.0 from SEK 21.0, reflecting analysts’ refreshed assumptions on discount rate, revenue growth, profit margins, and future P/E multiples in the context of recent Street research, including a SEK 5 increase in a SEK 20 target from Deutsche Bank. Analyst Commentary Analysts covering Truecaller are reassessing their valuation frameworks, with recent target revisions framed around updated views on discount rates, revenue assumptions, profitability, and achievable P/E multiples.
Narrative Update • Jun 06
TRUE B: Higher SEK 20 Buy Rating Will Support Long Term Repricing
Analysts have lifted their price target for Truecaller by SEK 5 to SEK 20, supported by updated assumptions for discount rate, revenue growth, profit margins and future P/E, which they view as better reflecting the company’s outlook. Analyst Commentary Bullish analysts are pointing to the raised price target of SEK 20 as a key signal of confidence in Truecaller’s ability to support a higher valuation under their updated assumptions for discount rate, revenue growth, profit margins and future P/E.Narrative Update • May 23
TRUE B: Higher SEK 20 Buy Rating Will Support Future Repricing
Analysts have raised their SEK 15 price target on Truecaller to SEK 20, reflecting updated assumptions on revenue growth, profitability, and a lower forward P/E multiple in their valuation work. Analyst Commentary Bullish analysts are signaling a more constructive view on Truecaller, with the price target raised to SEK 20 from SEK 15.Recent updates
Narrative Update • Jun 23
TRUE B: Revised Earnings Multiple Will Create Longer Term Entry Opportunity
Truecaller’s updated analyst price target moves to SEK 17.0 from SEK 21.0, reflecting analysts’ refreshed assumptions on discount rate, revenue growth, profit margins, and future P/E multiples in the context of recent Street research, including a SEK 5 increase in a SEK 20 target from Deutsche Bank. Analyst Commentary Analysts covering Truecaller are reassessing their valuation frameworks, with recent target revisions framed around updated views on discount rates, revenue assumptions, profitability, and achievable P/E multiples.Narrative Update • Jun 06
TRUE B: Higher SEK 20 Buy Rating Will Support Long Term Repricing
Analysts have lifted their price target for Truecaller by SEK 5 to SEK 20, supported by updated assumptions for discount rate, revenue growth, profit margins and future P/E, which they view as better reflecting the company’s outlook. Analyst Commentary Bullish analysts are pointing to the raised price target of SEK 20 as a key signal of confidence in Truecaller’s ability to support a higher valuation under their updated assumptions for discount rate, revenue growth, profit margins and future P/E.Narrative Update • May 23
TRUE B: Higher SEK 20 Buy Rating Will Support Future Repricing
Analysts have raised their SEK 15 price target on Truecaller to SEK 20, reflecting updated assumptions on revenue growth, profitability, and a lower forward P/E multiple in their valuation work. Analyst Commentary Bullish analysts are signaling a more constructive view on Truecaller, with the price target raised to SEK 20 from SEK 15.Analysis Article • May 11
Things Look Grim For Truecaller AB (publ) (STO:TRUE B) After Today's Downgrade
Today is shaping up negative for Truecaller AB (publ) ( STO:TRUE B ) shareholders, with the analysts delivering a...Narrative Update • Apr 21
TRUE B: Multi Partner Messaging Shift And New Buy Rating Will Support Repricing
Analysts keep the fair value estimate steady at SEK 68.0, balancing Deutsche Bank's new SEK 15 Buy rating with Nordea's downgrade to Hold, and reflecting slightly updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight the SEK 15 price target as support for upside potential relative to the current fair value estimate of SEK 68.0, maintaining a constructive view on the balance of risk and reward.Narrative Update • Apr 06
TRUE B: Multi Partner Messaging Shift Will Support Future Repricing
Analysts have revised their collective price target on Truecaller to SEK 15, with the shift reflecting updated views on revenue growth, profit margins and future P/E multiples following both an upgrade to Buy and a downgrade to Hold in recent research. Analyst Commentary Recent research has produced a mixed but constructive view on Truecaller, with one upgrade to Buy and one downgrade to Hold anchoring the new SEK 15 price target.
Narrative Update • Mar 23
TRUE B: Global Ad Reseller Deals And Buybacks Will Support Future Rerating
Analysts now anchor their Truecaller view around a SEK 15.0 price target. The change in stance reflects mixed rating actions but broadly consistent assumptions on fair value, discount rate and future P/E multiples.Narrative Update • Mar 09
TRUE B: Ad Expansion And Buyback Programme Will Support Future Rerating Potential
Our analyst price target for Truecaller now stands at SEK 15. This change reflects updated views on revenue growth, profitability and a more conservative future P/E multiple, in line with recent research where one firm lifted its target to SEK 15 and another shifted to a Hold stance.Narrative Update • Feb 23
TRUE B: Trust And Safety Expansion Will Support Future Rerating Potential
Analysts have trimmed their fair value estimate for Truecaller from SEK 39.17 to SEK 36.00. This reflects updated views on slightly softer revenue growth and profit margins, along with a higher assumed discount rate, even as some Street research has turned more constructive with a recent upgrade and Buy rating at SEK 15.Narrative Update • Feb 09
TRUE B: Family Features And Verified Business Calls Will Support Repricing
Narrative Update: Truecaller Analysts have kept their fair value estimate for Truecaller steady at SEK 68.0, citing a slightly higher discount rate and marginally stronger medium term revenue growth and profit margin assumptions as the key reasons for reaffirming their price view. Analyst Commentary Recent sector commentary around online auto platforms highlights Truecaller as part of a broader group of digital marketplaces that investors are watching closely.Narrative Update • Jan 25
TRUE B: Marketplace Model Concerns Will Create Longer Term Entry Opportunity
Analysts now see Truecaller’s fair value at $21.00, down from $60.00. This reflects more cautious assumptions on revenue growth, profit margins and future P/E multiples in light of recent sector commentary that highlights slower rollout timelines and more listing-style business models at peers.Narrative Update • Jan 11
TRUE B: Family Protection Rollout And Business Calling Suite Will Drive Repricing
Analysts have trimmed their price target on Truecaller to $68 from $95, citing updated assumptions for revenue growth, profit margins and future P/E that they see as better aligned with the company’s current risk profile and earnings outlook. Analyst Commentary Recent Street research around online auto marketplaces has centered on corporate actions and competitive shifts, with TrueCar in focus due to its pending acquisition and the broader conversation around third party listing platforms that connect buyers and sellers.Narrative Update • Dec 25
TRUE B: Expanding Trust And Safety Features Will Drive Future Re-Rating Potential
Analysts have trimmed their price target for Truecaller by about $11.67, reflecting slightly higher discount rate assumptions along with more conservative forecasts for revenue growth, profit margins, and future valuation multiples following recent sector deal activity and choppy market conditions. Analyst Commentary Street research on adjacent online auto platforms offers a mixed read-through for Truecaller, highlighting both supportive sector dynamics and signals of late-cycle consolidation that could cap upside for valuation multiples.Narrative Update • Dec 11
TRUE B: Expanding Verified Call Solutions Will Drive Recovery As Execution Uncertainty Eases
Analysts have trimmed their blended price target for Truecaller from about SEK 56.50 to roughly SEK 50.80. They cite slightly higher discount rates, marginally softer long term growth and profitability assumptions, and a lower future earnings multiple, while still acknowledging the company’s solid fundamental profile.Narrative Update • Nov 27
TRUE B: User Base Resilience Will Drive Recovery As Execution Uncertainty Eases
Analysts have adjusted their outlook on Truecaller, with the average price target reduced as Deutsche Bank and JPMorgan both lowered their estimates. Both firms now cite more cautious views on the company's near-term prospects.Narrative Update • Nov 12
TRUE B: Future User Engagement Will Support Resilient Upside Amid Market Volatility
Analysts have lowered their fair value estimate for Truecaller from SEK 64 to SEK 56.5, citing updated assumptions for revenue growth and recent sector downgrades. Analyst Commentary Following recent sector developments and updates to company guidance, analyst opinions on Truecaller continue to present both positive and cautious perspectives on the firm’s path forward.Analysis Article • Nov 11
Little Excitement Around Truecaller AB (publ)'s (STO:TRUE B) Earnings As Shares Take 31% Pounding
Unfortunately for some shareholders, the Truecaller AB (publ) ( STO:TRUE B ) share price has dived 31% in the last...Narrative Update • Oct 29
Product Expansion And User Engagement Will Drive Stronger Results Ahead
Analysts have reduced their price target for Truecaller, lowering the fair value estimate from SEK 70 to SEK 64. Recent research highlights a softer revenue growth outlook and moderated profit margin expectations.Narrative Update • Oct 15
Emerging Mobile And Digital Security Trends Will Shape Future Markets
Truecaller's analyst price target has been reduced from SEK 74.17 to SEK 70.00. This change reflects a more cautious outlook based on analysts' expectations of slower revenue growth and slightly lower profit margins.Narrative Update • Sep 25
Emerging Mobile And Digital Security Trends Will Shape Future Markets
Truecaller’s consensus price target has been revised down from SEK77.33 to SEK74.17 as analysts factor in slower user growth, tougher macro conditions impacting ad revenues, and heightened regulatory and competitive risks, despite some optimism regarding product innovation and expansion. Analyst Commentary Bullish analysts remain optimistic on Truecaller, maintaining Overweight ratings despite lowering price targets.Analysis Article • Jul 31
Why We're Not Concerned Yet About Truecaller AB (publ)'s (STO:TRUE B) 27% Share Price Plunge
Unfortunately for some shareholders, the Truecaller AB (publ) ( STO:TRUE B ) share price has dived 27% in the last...Analysis Article • Jul 23
Truecaller AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Truecaller AB (publ) ( STO:TRUE B ) last week released its latest second-quarter, and things did not...Analysis Article • May 24
Truecaller (STO:TRUE B) Is Paying Out A Dividend Of SEK1.70
The board of Truecaller AB (publ) ( STO:TRUE B ) has announced that it will pay a dividend of SEK1.70 per share on the...Analysis Article • May 16
Truecaller's (STO:TRUE B) Conservative Accounting Might Explain Soft Earnings
Investors were disappointed with the weak earnings posted by Truecaller AB (publ) ( STO:TRUE B ). While the headline...Analysis Article • May 08
Truecaller (STO:TRUE B) Is Due To Pay A Dividend Of SEK1.70
Truecaller AB (publ) ( STO:TRUE B ) has announced that it will pay a dividend of SEK1.70 per share on the 2nd of June...Analysis Article • May 01
Truecaller AB (publ) (STO:TRUE B) Just Released Its Full-Year Earnings: Here's What Analysts Think
It's been a good week for Truecaller AB (publ) ( STO:TRUE B ) shareholders, because the company has just released its...Analysis Article • Feb 21
Truecaller AB (publ) (STO:TRUE B) Released Earnings Last Week And Analysts Lifted Their Price Target To kr82.29
Shareholders of Truecaller AB (publ) ( STO:TRUE B ) will be pleased this week, given that the stock price is up 15% to...Analysis Article • Jan 23
Truecaller AB (publ) (STO:TRUE B) Looks Just Right With A 28% Price Jump
Despite an already strong run, Truecaller AB (publ) ( STO:TRUE B ) shares have been powering on, with a gain of 28% in...
New Narrative • Jan 22
User Growth In Colombia And Nigeria Will Drive Future Success
Growth in active users and new ad formats in key markets could drive substantial future revenue increase and ad revenue growth.Shareholder Returns
| TRUE B | SE Software | SE Market | |
|---|---|---|---|
| 7D | 0.04% | -0.2% | -0.8% |
| 1Y | -79.4% | -31.3% | 13.3% |
Return vs Industry: TRUE B underperformed the Swedish Software industry which returned -31.3% over the past year.
Return vs Market: TRUE B underperformed the Swedish Market which returned 13.3% over the past year.
Price Volatility
| TRUE B volatility | |
|---|---|
| TRUE B Average Weekly Movement | 8.6% |
| Software Industry Average Movement | 7.9% |
| Market Average Movement | 6.2% |
| 10% most volatile stocks in SE Market | 13.7% |
| 10% least volatile stocks in SE Market | 3.5% |
Stable Share Price: TRUE B has not had significant price volatility in the past 3 months compared to the Swedish market.
Volatility Over Time: TRUE B's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2009 | 463 | Rishit Jhunjhunwala | www.truecaller.com |
Truecaller AB (publ), together with its subsidiaries, develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally. The company operates a platform for verifying contacts and blocking unwanted communication under the Truecaller brand. Its software also offers Caller ID that helps prevent scams and allows users to avoid junk calls and text by verifying the caller’s identity.
Truecaller AB (publ) Fundamentals Summary
| TRUE B fundamental statistics | |
|---|---|
| Market cap | SEK 4.22b |
| Earnings (TTM) | SEK 319.35m |
| Revenue (TTM) | SEK 1.81b |
13.2x
P/E Ratio2.3x
P/S RatioIs TRUE B overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TRUE B income statement (TTM) | |
|---|---|
| Revenue | SEK 1.81b |
| Cost of Revenue | SEK 461.82m |
| Gross Profit | SEK 1.35b |
| Other Expenses | SEK 1.03b |
| Earnings | SEK 319.35m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 17, 2026
| Earnings per share (EPS) | 0.97 |
| Gross Margin | 74.55% |
| Net Profit Margin | 17.60% |
| Debt/Equity Ratio | 0% |
How did TRUE B perform over the long term?
See historical performance and comparisonDividends
2.2%
Current Dividend Yield30%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/24 06:38 |
| End of Day Share Price | 2026/06/24 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Truecaller AB (publ) is covered by 11 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Oscar Erixon | Carnegie Investment Bank AB |
| Paul Bradley | Citigroup Inc |
| Ramil Koria | Danske Bank |