Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
CDON AB is a leading Nordic online marketplace operator, providing a digital platform that connects consumers with a wide selection of retailers and brands across Sweden and the broader Nordic region. The company operates through two main segments: CDON Marketplace, which facilitates sales by third-party sellers and offers additional services, and CDON Retail, which manages direct sales via warehouse and drop shipment. CDON AB brings together over 1,500 retailers and serves more than 2 million customers, offering products ranging from consumer electronics and media to home goods, fashion, and leisure items. In 2023, CDON expanded its footprint by acquiring Fyndiq, further strengthening its position as a comprehensive e-commerce solution in the Nordics. Headquartered in Stockholm and founded in 1999, CDON AB is listed on the First North Sweden – SME Growth Market, a platform designed to support the growth of small and medium-sized enterprises. The company leverages technology and data-driven strategies to innovate in digital commerce, aiming to simplify shopping for consumers and streamline operations for retailers.
kr 4.96
kr 0.28 (-5.34%)
EOD Jun 23, 2026 · Twelve Data
The business is unprofitable at the operating level (-11.76% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 2.0%, essentially flat. This is a business that needs a catalyst.
Negative free cash flow of -kr 31M. The business is consuming cash, not generating it.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 454M
▲ +2.0% YoY
Net Income (TTM)
-kr 58M
▲ +48.8% YoY
Op. Margin
-11.80%
▲ +9.4pp YoY
ROIC
-7.21%
▲ +4.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-kr 15M
▼ -248.9% YoY
Op. Cash Flow (TTM)
-kr 15M
▼ -255.8% YoY
Net Debt
-kr 150M
Net Cash Position
Cash & Equiv.
kr 150M
3Y CAGR: -1.3%
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Cdon AB (CDON.XSTO)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Cdon AB scores 25/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full . This is analysis, not investment advice.
Cdon AB scores 25 out of 100 on Intrinsiqq's quality score, passing 2 of 6 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a -11.8% operating margin and a -7.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. you should weigh CDON.XSTO's valuation and scores 25/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.