Truecaller stock: fair value
TRUE-B.STThe fair value of Truecaller under our model is $3.17, the price is 26% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Modestly undervaluedIn our model the price counts as cheap below $2.11 and expensive above $6.34 (uncertainty very high, based on the price swings of the past year).
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $2.68, at 6.7% it would be $3.88.
Where the number comes from
From the cash-flow model alone; the profit includes one-off items, so there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 2.2%. Discounted at 7.7% (government bond yield 2.2% plus beta 1.3 times a risk premium of 4.2%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $3.17 per share: free cash flow for the next ten years, each year discounted to today at 7.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 7.7%) |
|---|---|---|---|---|
| 2026 | $52.74M | extrapolated at 3.8% | 0.9286 | $48.98M |
| 2027 | $54.48M | extrapolated at 3.3% | 0.8624 | $46.98M |
| 2028 | $56.1M | extrapolated at 3.0% | 0.8008 | $44.92M |
| 2029 | $57.63M | extrapolated at 2.7% | 0.7437 | $42.86M |
| 2030 | $59.11M | extrapolated at 2.6% | 0.6906 | $40.82M |
| 2031 | $60.55M | extrapolated at 2.5% | 0.6413 | $38.83M |
| 2032 | $61.99M | extrapolated at 2.4% | 0.5955 | $36.92M |
| 2033 | $63.42M | extrapolated at 2.3% | 0.5530 | $35.07M |
| 2034 | $64.86M | extrapolated at 2.3% | 0.5136 | $33.31M |
| 2035 | $66.32M | extrapolated at 2.2% | 0.4769 | $31.63M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $400.32M |
| Terminal value: cash flow 2035 × (1 + 2.2%) / (7.7% − 2.2%) | $1.23B |
| Present value of terminal value (× 0.4769) | $587.06M |
| Equity value (sum plus present value of terminal value) | $987.38M |
| Shares (diluted) | 311.31M |
| Value per share (equity value divided by shares) | $3.17 |
| Fair value (from the cash flow model alone) | $3.17 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = SEK 9.9729)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 26 Jun 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.