Analysis: Truecaller (TRUE-B.ST) — AKM1 research 2026

Truecaller (TRUE-B.ST) is in the research library for one single reason: the company passed the candidate rule. The rule is deterministic — hard gate on cash coverage (V19), data coverage 71,1 % against the floor of 70 % as well as yellow status with AKM1 above 65 % of max (66,4 %). No taste, no opinion: 47,2 of 71,1 possible points.

This is an automatically generated research overview; the full AK1A analysis is produced manually.

This is what the AKM1 profile looks like

A total of 47,2 of 71,1 points (66,4 %). The strongest category is Profitability, the weakest Catalyst. 9 of 20 variables are unset — the basis builds on 11 measured. The three strongest variables, with the assessment's motivation verbatim:

- V10 Debt-to-equity ratio — 5/5 p: Debt/equity 0,04 → linear band 5/5 (lower is better)

- V12 Revenue stability — 5/5 p: Revenue volatility σ(yoy) 4,2 % → stability band 5/5 (4-year series — short basis, noted)

- V19 Cash coverage — new share issue risk — 5/5 p: FCF margin 18,4 % positive → 5/5 (self-financing according to the r2 V19 table; burn-rate not computed by P1 because the cash flow is positive)

The wave position

All five horizons (micro, short, medium, long, mega) are unset — and unset means unset: the wave engine never guesses, it requires time series that the sources do not yet deliver. The only wave trace is the dynamic: stable. Fundamental waves not classified at aggregate level: the FVag engine requires time series (revenue, margins, valuation multiples over time) that the basis lacks — 'unset' means unset, the engine never guesses. Only 1 of 20 variables has classifiable wave data; the dynamic (stable) is the only wave trace.

Floor and risks

The value floor is unset — golvMarginal is null in the cross-tabulation — value floor data (NCAV/NAV) is not yet delivered by the sources (known, documented in the manifest).

- 9 of 20 AKM1 variables are unset in the basis (V02, V03, V11, V13, V15, V16, V17, V18, V20) — the analysis builds on 11 measured variables, not the full model.

- Valuation risk: V05 P/B 1/5 p — an expensively priced valuation level relative to booked capital.

- Liquidity (V11) unset — balance sheet data is missing in the sources, the liquidity risk cannot be assessed.

- Yellow status: AKM1 66,4 % of max — the middle layer; one more weak measurement moves the row toward red.

- Missing second source: source B (MarketStack) lacked a fresh price course at collection — price and valuation were not double-checked (noted in the company universe).

What would falsify the picture

A research picture without conditions that can kill it is not research. These conditions are measurable with variable ID and threshold:

- V19 cash coverage < 12 months within 2 quarters falsifies the yellow status — portV19 activates and the row turns red according to the cross-tabulation's D1 rule.

- fvagDynamik → 'weakens' in the next cross-tabulation run falsifies the selection basis — the candidacy is re-examined immediately (the dynamic is stable in today's basis).

- data coverage < 0,6 in the next delivery falsifies the status basis — green requires ≥ 60 % (D1), the public library ≥ 70 %; TRUE-B.ST stands at 71,1 % today.

- V10 debt-to-equity ratio above 1,5 in the next balance sheet falsifies the thesis for profitability — the AKM1 profile's strongest leg (V10 Debt-to-equity ratio, 5/5 p today).

- relative AKM1 below 0,50 in the next measurement falsifies the yellow status (→ red according to D1) — today 66,4 %.

Go deeper

• The course v10-skuldsattningsgrad — the variable in the company's AKM1 profile
• The course v12-intaktsstabilitet — the variable in the company's AKM1 profile
• The course v19-kapitalforbranning — the variable in the company's AKM1 profile
• The full overview of Truecaller — the whole schema with selection rule and outcome
• Complete guide to Swedish stock analysis — the method from the ground up

FAQ

Vad mäter V10 skuldsättningsgrad och hur läses värdet?

V10 jämför bolagets skulder med dess eget kapital — Truecallers kvot på 0,04 innebär mycket låg skuldsättning relativt kapitalbasen och ger 5/5 i det linjära bandet där lägre är bättre. Kursen v10-skuldsattningsgrad visar hur talet räknas och tolkas. Som alla variabler är det en byggsten i helhetsbilden, inte en enskild signal.

What does yellow status mean for Truecaller in the library?

Yellow status means the relative AKM1 sits between 50 and 70 percent of max — Truecaller is at 66,4 percent. That is enough for candidate status under the selection rule, but the status is sensitive: if the share drops below 50 percent in the next measurement, the row turns red under the D1 rule.

Why is revenue stability interesting for a technology company?

Revenue stability shows how evenly the company's revenues stream in — technology services with subscription revenues tend to be more even than ad-funded ones. Truecaller's volatility σ(yoy) of 4,2 percent sits in the most stable band, 5/5, though the measurement builds on a four-year series, a short basis. In the course v12-intaktsstabilitet we walk through how the volatility is calculated.

Can the analysis be used as a basis for one's own decisions?

The analysis is educational material: it shows how AKM1 measures Truecaller's data and which conditions would change the picture. It is not investment advice under the law (2007:528), and AK1A never takes a position on what an individual person should do. The purpose is for you to learn the method and be able to apply it yourself.

This is an automatically generated research overview; the full AK1A analysis is produced manually. Research material — not advice. Educational research, never investment advice (law 2007:528).