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CDON Valuation Multiples
Discover revenue and EBITDA valuation multiples for CDON and similar public comparables like Vivid Seats, Méliuz, Demae-Can, Freetrailer Group and more.
CDON Overview
About CDON
Cdon AB is a Nordic region-based marketplace. Customers can choose to shop and compare prices on millions of products. Over 1,500 retailers offer their range on CDON's marketplace to increase their sales. This gives CDON various products, movies, music, computers, games, office supplies, books, toys, consumer electronics, household appliances, sports, outdoor, beauty care, fashion, shoes, computers, and computer products. Its geographical revenue comes from the majority of Sweden.
Founded
1999
HQ

Employees
72
Website
Financials (LTM)
EV
$73M
CDON Financials
CDON reported last 12-month revenue of $51M and EBITDA of $4M.
In the same LTM period, CDON generated $4M in EBITDA and had net loss of ($6M).
Revenue (LTM)
CDON P&L
In the most recent fiscal year, CDON reported revenue of $50M and EBITDA of $4M.
CDON expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $51M | XXX | $50M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $40M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 80% | XXX | XXX | XXX |
| EBITDA | $4M | XXX | $4M | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBIT Margin | (12%) | XXX | (11%) | XXX | XXX | XXX |
| Net Profit | ($6M) | XXX | ($6M) | XXX | XXX | XXX |
| Net Margin | (12%) | XXX | (13%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CDON Stock Performance
CDON has current market cap of $89M, and enterprise value of $73M.
Market Cap Evolution
CDON's stock price is $7.77.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $73M | $89M | 0.3% | XXX | XXX | XXX | $-0.54 |
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Start Free TrialCDON Valuation Multiples
CDON trades at 1.4x EV/Revenue multiple, and 20.1x EV/EBITDA.
EV / Revenue (LTM)
CDON Financial Valuation Multiples
As of April 20, 2026, CDON has market cap of $89M and EV of $73M.
Equity research analysts estimate CDON's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CDON has a P/E ratio of (14.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $89M | XXX | $89M | XXX | XXX | XXX |
| EV (current) | $73M | XXX | $73M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 20.1x | XXX | 20.8x | XXX | XXX | XXX |
| EV/EBIT | (12.1x) | XXX | (12.8x) | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.8x | XXX | XXX | XXX |
| P/E | (14.6x) | XXX | (14.3x) | XXX | XXX | XXX |
| EV/FCF | (54.9x) | XXX | (21.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CDON Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


CDON Margins & Growth Rates
CDON's revenue in the last 12 month grew by 10%.
CDON's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.6M for the same period.
CDON's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CDON's rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CDON Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 10% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Growth | 51% | XXX | 14% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 19% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 41% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 92% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CDON Public Comps
See public comps and valuation multiples for other Consumer Marketplaces and Horizontal Marketplaces comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CDON | XXX | XXX | XXX | XXX | XXX | XXX |
| Vivid Seats | XXX | XXX | XXX | XXX | XXX | XXX |
| Méliuz | XXX | XXX | XXX | XXX | XXX | XXX |
| Demae-Can | XXX | XXX | XXX | XXX | XXX | XXX |
| Freetrailer Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtasker | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CDON M&A Activity
CDON acquired XXX companies to date.
Last acquisition by CDON was on XXXXXXXX, XXXXX. CDON acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CDON
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCDON Investment Activity
CDON invested in XXX companies to date.
CDON made its latest investment on XXXXXXXX, XXXXX. CDON invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CDON
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CDON
| When was CDON founded? | CDON was founded in 1999. |
| Where is CDON headquartered? | CDON is headquartered in Sweden. |
| How many employees does CDON have? | As of today, CDON has over 72 employees. |
| Is CDON publicly listed? | Yes, CDON is a public company listed on Nasdaq Stockholm. |
| What is the stock symbol of CDON? | CDON trades under CDON ticker. |
| When did CDON go public? | CDON went public in 2020. |
| Who are competitors of CDON? | CDON main competitors are Vivid Seats, Méliuz, Demae-Can, Freetrailer Group. |
| What is the current market cap of CDON? | CDON's current market cap is $89M. |
| What is the current revenue of CDON? | CDON's last 12 months revenue is $51M. |
| What is the current revenue growth of CDON? | CDON revenue growth (NTM/LTM) is 10%. |
| What is the current EV/Revenue multiple of CDON? | Current revenue multiple of CDON is 1.4x. |
| Is CDON profitable? | Yes, CDON is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CDON? | CDON's last 12 months EBITDA is $4M. |
| What is CDON's EBITDA margin? | CDON's last 12 months EBITDA margin is 7%. |
| What is the current EV/EBITDA multiple of CDON? | Current EBITDA multiple of CDON is 20.1x. |
| What is the current FCF of CDON? | CDON's last 12 months FCF is ($1M). |
| What is CDON's FCF margin? | CDON's last 12 months FCF margin is (3%). |
| What is the current EV/FCF multiple of CDON? | Current FCF multiple of CDON is (54.9x). |
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