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Swedish cloud communications platform enabling businesses to send SMS, voice and messaging-app communications to customers globally.
Swedish cloud communications platform enabling businesses to send SMS, voice and messaging-app communications to customers globally.
Charges per message or per minute and keeps the difference between what businesses are billed and what mobile networks charge it, so volume is large but profit per message is small. Growth has come through acquisitions in voice and email, such as Inteliquent and Mailgun, and a shift toward messaging apps such as WhatsApp.
In one line: A cloud CPaaS provider like a smaller Twilio.
Moat: narrow (scale, network effects, switching costs). Global carrier connectivity network and embedded API integrations create switching costs, though CPaaS pricing is competitive.
Headquarters: Stockholm, Sweden · Founded: 2008 · Employees: 4,041
Size Sinch (SINCH.ST) is a Sweden Information Technology company (Packaged Software) with a market value of $3.19B, the 58th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 43.30 on 6 Nov 2026.
Performance Over six months the shares gained 13.1%, against -1.0% for the median peer and +8.2% for the Sweden market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 6.2% over the last twelve months (peer median +14.3%); the operating margin is 4.3% (peer median 7.9%).
Valuation It trades at 13.3× forward earnings against a peer median of 25.7× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +28%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.2 points below its cost of capital (12.2% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 26.8B | SEK 27.1B | SEK 28.7B | SEK 28.7B | SEK 27.7B |
| Revenue growth | — | -6% | 0% | +4% | — |
| Gross profit | SEK 1.16B | SEK 2.81B | SEK 2.82B | SEK 2.51B | SEK 2.15B |
| EBITDA | SEK 3.43B | SEK 3.53B | SEK 3.53B | SEK 3.42B | SEK 2.88B |
| Net income | SEK 460M | SEK 217M | -SEK 6.41B | SEK 42.0M | -SEK 4.94B |
| Free cash flow | SEK 2.61B | SEK 1.91B | SEK 2.75B | SEK 1.58B | SEK 2.26B |
| Capital expenditure | SEK 164M | SEK 654M | SEK 589M | SEK 629M | SEK 643M |
| Total debt | SEK 8.16B | SEK 6.91B | SEK 7.09B | SEK 9.00B | SEK 11.3B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sinch SINCH.ST | $3.19B | +13% | -6% | 4% | 13.3× | 23.8% |
| Twilio TWLO | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% |
| Telefonaktiebolaget LM Ericsson Sponsored ADR ERIC | $36.7B | -14% | +4% | 14% | 15.5× | -1.6% |
| Bandwidth BAND | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% |
| Tanla Platforms TANLA.NS | $915M | +14% | +18% | 14% | 14.6× | 15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SINCH.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.5% | +4.2% | 8th lowest of 21 |
| 6-month return | +13.1% | -1.0% | 8th highest of 20 |
| Distance from 52-week high | -16.3% | -38.4% | 6th highest of 21 |
| Revenue growth (TTM) | -6.2% | +14.3% | 3rd lowest of 21 |
| Operating margin | 4.3% | 7.9% | 9th lowest of 21 |
| Forward P/E | 13.3× | 25.7× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 23.8% | 13.9% | 4th most demanding of 17 |
| Growth delivered (Del g) | +27.5% | +17.4% | 2nd highest of 17 |
| Hurdle (Req g minus delivered) | -3.8 pp | -0.3 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | -9.2 pp | +2.7 pp | 5th lowest of 19 |
| EV / EBITDA | 11.3× | 18.6× | 2nd cheapest of 11 |
| Net debt / EBITDA | 2.2× | -1.4× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sinch SINCH.ST | Sweden | $3.19B | +13% | -6% | 4% | 13.3× | 23.8% | +27.5% |
| Alarm.com ALRM | United States | $3.19B | +37% | +9% | 13% | 22.4× | 10.9% | +10.3% |
| Wix.com WIX | United States | $3.18B | -5% | +14% | -3% | 12.6× | -4.4% | +15.2% |
| Bullish BLSH | United States | $3.20B | -51% | +34% | 18% | 33.6× | 32.3% | +14.4% |
| Freshworks FRSH | United States | $3.18B | +37% | +15% | 8% | 14.5× | 12.9% | +27.4% |
| Tsinghua Tongfang 600100.SS | China | $3.15B | -22% | -11% | -2% | n/a | 30.2% | -10.3% |
| Cellebrite DI CLBT | United States | $3.13B | -2% | +18% | 11% | 38.0× | 22.8% | +19.5% |
| Hexaware Technologies HEXT.NS | India | $3.26B | +9% | +13% | 12% | 21.7× | 15.4% | +16.5% |
| Perfect World 002624.SZ | China | $3.26B | -26% | -8% | 8% | 21.1× | 19.0% | -8.2% |
| Via Transportation VIA | United States | $3.07B | +118% | +29% | -17% | 259.2× | n/a | n/a |
| Liftoff Mobile LFTO | United States | $3.07B | n/a | +35% | 36% | 18.6× | -7.3% | +35.5% |
| Shenzhen Infogem Technologies 300085.SZ | China | $3.06B | -23% | +2% | -11% | n/a | n/a | n/a |
| Intapp INTA | United States | $3.35B | +76% | +14% | -4% | 25.7× | 4.3% | +21.9% |
| DHC Software 002065.SZ | China | $3.04B | -23% | -4% | 3% | 39.5× | 14.8% | +7.1% |
| Beijing Shiji Information Technology 002153.SZ | China | $3.02B | -27% | -4% | -3% | 492.7× | n/a | n/a |
| Agilysys AGYS | United States | $3.42B | +69% | +15% | 13% | 41.6× | 22.9% | +18.4% |
| Intsig Information 688615.SS | China | $2.96B | -26% | +24% | 22% | 34.9× | 12.6% | +22.1% |
| Teradata TDC | United States | $2.96B | +1% | +1% | 8% | 11.6× | -5.4% | -2.0% |
| Beijing 51WORLD Digital Twin Technology 6651.HK | Hong Kong | $2.91B | -1% | +39% | -38% | n/a | n/a | n/a |
| AvePoint AVPT | United States | $3.50B | +45% | +25% | 10% | 37.6× | 31.6% | +22.6% |
| SPS Commerce SPSC | United States | $2.90B | +45% | +7% | 17% | 15.3× | 7.3% | +19.2% |