View ValuationCatella 将来の成長Future 基準チェック /36Catella利益と収益がそれぞれ年間25.4%と4.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に11.4% 22.9%なると予測されています。主要情報25.4%収益成長率22.90%EPS成長率Capital Markets 収益成長7.2%収益成長率4.7%将来の株主資本利益率11.37%アナリストカバレッジLow最終更新日13 May 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Feb 21Catella AB (publ) to Report Fiscal Year 2025 Final Results on Mar 31, 2026Catella AB (publ) announced that they will report fiscal year 2025 final results on Mar 31, 2026お知らせ • Feb 18Catella AB (publ) announces Annual dividend, payable on May 20, 2026Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 20, 2026, ex-date on May 13, 2026 and record date on May 15, 2026.お知らせ • Nov 07+ 3 more updatesCatella AB (publ) to Report First Half, 2026 Results on Aug 20, 2026Catella AB (publ) announced that they will report first half, 2026 results on Aug 20, 2026お知らせ • Oct 01Catella AB (publ), Annual General Meeting, May 12, 2026Catella AB (publ), Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: stockholm Swedenお知らせ • Aug 20Catella AB (publ) to Report Fiscal Year 2025 Results on Feb 17, 2026Catella AB (publ) announced that they will report fiscal year 2025 results on Feb 17, 2026お知らせ • May 20+ 1 more updateCatella AB (publ) Announces Board AppointmentsCatella AB (publ) at its AGM held on 20 May 2025 appointed Erik Eikeland, Erik Ranje and Erik Rune as new board members. Erik Rune was elected as new chairman of the board of directors.お知らせ • Feb 26Catella AB (publ) announces Annual dividend, payable on May 27, 2025Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 27, 2025, ex-date on May 21, 2025 and record date on May 22, 2025.Reported Earnings • Nov 09Third quarter 2024 earnings released: kr0.26 loss per share (vs kr0.25 loss in 3Q 2023)Third quarter 2024 results: kr0.26 loss per share (further deteriorated from kr0.25 loss in 3Q 2023). Revenue: kr383.0m (down 28% from 3Q 2023). Net loss: kr23.0m (loss widened 4.5% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Nov 07+ 3 more updatesCatella AB (publ) to Report Fiscal Year 2025 Results on Feb 13, 2026Catella AB (publ) announced that they will report fiscal year 2025 results on Feb 13, 2026お知らせ • Nov 06Catella AB (publ) to Report Q1, 2025 Results on May 09, 2025Catella AB (publ) announced that they will report Q1, 2025 results at 7:00 AM, Central European Standard Time on May 09, 2025お知らせ • Oct 10Catella AB (publ), Annual General Meeting, May 20, 2025Catella AB (publ), Annual General Meeting, May 20, 2025. Location: stockholm Swedenお知らせ • Sep 11+ 1 more updateCatella AB Announces President ChangesCatella AB announced that following 3.5 years as President of the company, Christoffer Abramson and the Board have agreed that he shall resign from his position. The Board will now initiate the recruitment of a new permanent President, and has in the meantime appointed Daniel Gorosch, currently CEO of Catella Corporate Finance Sweden, as President commencing September 10, 2024.Reported Earnings • Aug 22Second quarter 2024 earnings released: kr0.37 loss per share (vs kr0.95 profit in 2Q 2023)Second quarter 2024 results: kr0.37 loss per share (down from kr0.95 profit in 2Q 2023). Revenue: kr448.0m (down 44% from 2Q 2023). Net loss: kr33.0m (down 139% from profit in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Aug 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.5% to €2.43. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 2,658% in the next 2 years.Upcoming Dividend • May 16Upcoming dividend of kr0.90 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 29 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.7%).Reported Earnings • May 06First quarter 2024 earnings released: EPS: kr0.29 (vs kr0.091 loss in 1Q 2023)First quarter 2024 results: EPS: kr0.29 (up from kr0.091 loss in 1Q 2023). Revenue: kr423.0m (down 8.4% from 1Q 2023). Net income: kr26.0m (up kr34.0m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.Reported Earnings • Apr 14Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022)Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.02b (down 7.4% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Mar 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.4% to €2.37. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Declared Dividend • Feb 16Dividend of kr0.90 announcedShareholders will receive a dividend of kr0.90. Ex-date: 23rd May 2024 Payment date: 29th May 2024 Dividend yield will be 37%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time.Reported Earnings • Feb 11Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022)Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.33b (up 7.2% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • Feb 11Now 23% undervaluedOver the last 90 days, the stock has risen 9.9% to €2.33. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be €3.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 144% in the next 2 years.お知らせ • Oct 31Catella AB (publ) Appoints Nomination CommitteeCatella AB (publ) appointed Nomination Committee. The nomination committee before the annual general meeting 2024 comprises Eje Wictorson, appointed by Claesson & Anderzén, Erik Eikeland, appointed by Alcur Fonder and Henrik Abrahamsson, appointed by Symmetry Invest. Eje Wictorson has been appointed as chairman of the nomination committee.Reported Earnings • Oct 29Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr533.0m (up 7.9% from 3Q 2022). Net loss: kr22.0m (down 132% from profit in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 28Catella AB (publ) to Report Q1, 2024 Results on May 06, 2024Catella AB (publ) announced that they will report Q1, 2024 results at 7:00 AM, Central European Standard Time on May 06, 2024お知らせ • Oct 27+ 4 more updatesCatella AB (publ) to Report Q3, 2024 Results on Nov 07, 2024Catella AB (publ) announced that they will report Q3, 2024 results at 7:00 AM, Central European Standard Time on Nov 07, 2024New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).Buying Opportunity • Aug 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €2.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.お知らせ • Jul 25An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B).An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023.An unknown buyer competed the acquisition of 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023.Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.お知らせ • Jun 03Catella agreed to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million.Catella entered into an agreement to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million on June 2, 2023. The shares are acquired from local management who will remain minority shareholders. The sellers are entitled to an additional purchase price of approximately €1 million if certain criteria are fulfilled. The acquisition is financed by Catella’s own capital. Closing of the transaction is subject to regulatory approval. Aquila Asset Management SAS has €1.4 billion in assets under management. The acquisition will complement Catella's strong existing Corporate Finance operations in France as well as the continued growth of its pan-European platform. Closing of the transaction is expected during the second half of 2023.Buying Opportunity • Jun 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €3.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.お知らせ • May 11+ 1 more updateCatella AB Announces Executive AppointmentsCatella AB announced that at its AGM held on 10 May 2023, announced that Samir Kamal and Sofia Watt were elected as new board members.Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr462.0m (down 21% from 1Q 2022). Net loss: kr8.00m (down 110% from profit in 1Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.お知らせ • May 06+ 1 more updateCatella AB (Publ) Appoints Veronica Hjelte As Head of Group CommunicationsCatella AB (publ) appointed Veronica Hjelte acting Head of Group Communications. Veronica Hjelte has worked at Catella since 2019, most recently in the role of Communications Specialist.Reported Earnings • Feb 14Full year 2022 earnings released: EPS: kr5.55 (vs kr2.13 in FY 2021)Full year 2022 results: EPS: kr5.55 (up from kr2.13 in FY 2021). Revenue: kr2.59b (up 45% from FY 2021). Net income: kr491.0m (up 161% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Funds under management (FUM) Beginning of period: kr122.7b End of period: kr140.6b Net inflows/outflows: kr4.80b inflow Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 08+ 1 more updateCatella AB (publ) to Report Q1, 2023 Results on May 05, 2023Catella AB (publ) announced that they will report Q1, 2023 results at 7:00 AM, Central European Standard Time on May 05, 2023Reported Earnings • Oct 29Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr494.0m (up 31% from 3Q 2021). Net income: kr68.0m (up 94% from 3Q 2021). Profit margin: 14% (up from 9.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 4.4%.お知らせ • Oct 28+ 4 more updatesCatella AB (publ) to Report Fiscal Year 2022 Results on Mar 31, 2023Catella AB (publ) announced that they will report fiscal year 2022 results on Mar 31, 2023Reported Earnings • Aug 20Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr861.0m (up 78% from 2Q 2021). Net income: kr247.0m (up kr294.0m from 2Q 2021). Profit margin: 29% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 11% compared to a 3.2% decline forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.お知らせ • May 06Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million.Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million on May 5, 2022. Warsaw Property Partners has 18 employees. Christian Fojtl, Jacek Wachowicz, and Bartosz Bzoma, Managing Directors, will remain shareholders in Warsaw Properties and have committed to the company for at least another five years. Warsaw Properties will continue to be run by its current management team. The transaction is expected to be completed during the second quarter of 2022.お知らせ • Apr 07Catella Exits its Corporate Finance Operations in the BalticsFollowing April 1, 2022 press release on Catella winding down its German Corporate Finance operations, Catella announced the decision to exit its Corporate Finance operations in the Baltics. Both decisions were based on a strategic review of the Corporate Finance business area with the aim of identifying markets where Catella Corporate Finance has a strong market position or an opportunity to reach a solid and profitable position. The exit will take place during the second quarter of 2022 and have limited impact on financials.Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: kr2.13 (up from kr1.44 in FY 2020). Revenue: kr1.81b (down 21% from FY 2020). Net income: kr188.0m (up 50% from FY 2020). Profit margin: 10% (up from 5.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 27% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Recent Insider Transactions • Jan 13Independent Director recently bought €68k worth of stockOn the 11th of January, Tobias Alsborger bought around 16k shares on-market at roughly €4.28 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.お知らせ • Jan 12Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million.Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million on January 10, 2022. Athanese Industrial Partners Ltd. completed the acquisition of a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) on January 10, 2022.Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS kr0.40 (vs kr2.43 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr376.0m (down 50% from 3Q 2020). Net income: kr35.0m (down 84% from 3Q 2020). Profit margin: 9.3% (down from 29% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 27% share price gain to €3.57, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.28 per share.Reported Earnings • Aug 22Second quarter 2021 earnings released: kr0.53 loss per share (vs kr0.80 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr483.0m (down 7.6% from 2Q 2020). Net loss: kr47.0m (loss narrowed 34% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.お知らせ • May 26Catella AB (Publ) Approves DividendCatella AB (publ) at its annual general meeting, adopted to pay a dividend of SEK 0.90 per share to the shareholders and that the remaining profits shall be carried forward. 27 May 2021 was determined as the record date for dividends.Upcoming Dividend • May 19Upcoming dividend of kr0.90 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 01 June 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%).Reported Earnings • May 09First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr314.0m (down 30% from 1Q 2020). Net income: kr99.0m (up kr85.0m from 1Q 2020). Profit margin: 32% (up from 3.1% in 1Q 2020). The increase in margin was driven by lower expenses.Executive Departure • Apr 01Chief Financial Officer has left the companyOn the 29th of March, Christoffer Abramson's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Christoffer's name. A total of 4 executives have left over the last 12 months.Reported Earnings • Feb 26Full year 2020 earnings released: EPS kr1.42 (vs kr0.79 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr2.31b (down 1.7% from FY 2019). Net income: kr125.0m (up 84% from FY 2019). Profit margin: 5.4% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses.Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 13% compared to a 8.6% growth forecast for the Capital Markets industry in Germany.お知らせ • Feb 25Catella AB (Publ) Appoints Christoffer Abramson as PresidentThe Board of Catella appointed Christoffer Abramson as CEO and President of Catella Group. Christoffer will begin his role no later than by the Annual General Meeting, May 25 2021. Christoffer has been the Chief Financial Officer since October 15 2020. Prior to joining Catella Group as Chief Financial Officer, Christoffer was part of building a global real estate group within EF based in the USA. He earlier worked as an operating executive for several Private Equity funds in London and Paris. Christoffer began his career at General Electric where he spent 10 years in various roles, most recently as CFO of GE Real Estate in London.お知らせ • Jan 31+ 1 more updateAn unknown buyer acquired 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others for approximately SEK 150 million.An unknown buyer acquired 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others for approximately SEK 150 million on January 29, 2021. The consideration is paid in cash. The divestment will have a positive effect on profit after tax, including transaction costs, of SEK 122 million during the first quarter of 2021. An unknown buyer completed the acquisition of 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others on January 29, 2021.Is New 90 Day High Low • Jan 21New 90-day high: €2.88The company is up 42% from its price of €2.03 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.58 per share.Is New 90 Day High Low • Jan 06New 90-day high: €2.75The company is up 30% from its price of €2.11 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.55 per share.Is New 90 Day High Low • Nov 27New 90-day high: €2.43The company is up 25% from its price of €1.95 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.お知らせ • Nov 26Catella AB (Publ) Announces Board AppointmentsA Nominating Committee has been appointed for Catella AB (publ) pending the Annual General Meeting of 25 May 2021, pursuant to a resolution adopted at the Annual General Meeting held on 26 May 2020 regarding principles for the Nominating Committee. The Nominating Committee comprises the following persons: Eje Wictorson, Chairman of the Nominating Committee and appointed by CA Plusinvest AB. Jan Roxendal, Chairman of the board in Catella AB. Mia Arnhult, appointed by M2 Asset Management AB. Kenneth Andersen, appointed by Strawberry Capital AS.Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to decline by -16% while the growth in Capital Markets industry in Germany is expected to stay flat.Is New 90 Day High Low • Oct 30New 90-day low: €1.87The company is down 3.0% from its price of €1.92 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share.お知らせ • Sep 23+ 1 more updateAthanese Industrial Partners Ltd. acquired 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for SEK 140 million.Athanese Industrial Partners Ltd. agreed to acquire 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for approximately SEK 150 million on June 10, 2020. The payment will be a cash consideration of SEK 126 million to SEK 154 million, depending of the development of Catella Fondforvaltning AB until the completion date. During January 2022, Catella has the right to sell and Athanase the right to acquire the remaining 30% of the shares for a purchase price of SEK 60 million. Closing of the transaction is subject to customary regulatory approval by Finansinspektionen in Sweden and CSSF in Luxembourg, which is expected to be obtained in the second half of 2020. Completion is expected to tale place in third quarter of 2020. Carl Montalvo, Richard Josephson, Maria Rimbäck, Hodder Stjernswärd, Victor Kullander, Matilda Hellman, Rikard Schwalbe, Carl di Meo of Skandinaviska Enskilda Banken AB (publ.) (OM:SEB A) acted as financial advisor while Jan Jensen, Martin Järvengren, Henrik Wireklint and Johan Thiman of White & Case Advokat AB and Axel Schultz and Willem Van de Wiele of White & Case LLP Avocats-Advocaten acted as legal advisors to Catella AB (publ). Athanese Industrial Partners Ltd. completed the acquisition of 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for SEK 140 million on September 22, 2020. All the approvals have been obtained including Swedish Financial Supervisory Authority and Commission de Surveillance du Secteur Financier in Luxembourg.業績と収益の成長予測DB:SKVB - アナリストの将来予測と過去の財務データ ( )SEK Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/20282,061243289355412/31/20271,909208257324412/31/20261,52638138243/31/20261,954180974999N/A12/31/20251,992489861,010N/A9/30/20252,5151681,3491,380N/A6/30/20252,5041731,1621,194N/A3/31/20252,200-178-822N/A12/31/20242,2843090116N/A9/30/20241,476-104-361-344N/A6/30/20241,626-103-329-314N/A3/31/20241,97213-66-44N/A12/31/20232,014-21-156-130N/A9/30/20232,018151-123-94N/A6/30/20231,993241106137N/A3/31/20232,062404423448N/A12/31/20222,176491116140N/A9/30/20222,563489-710-1,552N/A6/30/20222,430455-1,128-1,566N/A3/31/20222,052162-1,867-2,049N/A12/31/20211,786174-1,796-1,782N/A9/30/20211,68246-98248N/A6/30/20212,051228-62169N/A3/31/20212,091202-329147N/A12/31/20202,279125-178165N/A9/30/20202,526212-70166N/A6/30/20202,286-78-56116N/A3/31/20202,44081190320N/A12/31/20192,39168N/A-1,834N/A9/30/20192,32123N/A-2,123N/A6/30/20192,282121N/A-1,918N/A3/31/20192,20284N/A-1,680N/A12/31/20182,159126N/A344N/A9/30/20182,151244N/A239N/A6/30/20182,141280N/A789N/A3/31/20181,916255N/A385N/A12/31/20171,998245N/A297N/A9/30/20171,932155N/A700N/A6/30/20171,952131N/A42N/A3/31/20172,055288N/A-130N/A12/31/20162,012272N/A-137N/A9/30/20161,976358N/A758N/A6/30/20161,955359N/A293N/A3/31/20161,898225N/A436N/A12/31/20151,862243N/A549N/A9/30/20151,775216N/A-460N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: SKVBの予測収益成長率 (年間25.4% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: SKVBの収益 ( 25.4% ) はGerman市場 ( 15.9% ) よりも速いペースで成長すると予測されています。高成長収益: SKVBの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: SKVBの収益 ( 4.7% ) German市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: SKVBの収益 ( 4.7% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SKVBの 自己資本利益率 は、3年後には低くなると予測されています ( 11.4 %)。成長企業の発掘7D1Y7D1Y7D1YDiversified-financials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/07/22 20:43終値2026/07/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Catella AB (publ) 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。5 アナリスト機関null nullABG Sundal Colliernull nullABG Sundal Collier SponsoredErmin KericDNB Carnegie2 その他のアナリストを表示
お知らせ • Feb 21Catella AB (publ) to Report Fiscal Year 2025 Final Results on Mar 31, 2026Catella AB (publ) announced that they will report fiscal year 2025 final results on Mar 31, 2026
お知らせ • Feb 18Catella AB (publ) announces Annual dividend, payable on May 20, 2026Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 20, 2026, ex-date on May 13, 2026 and record date on May 15, 2026.
お知らせ • Nov 07+ 3 more updatesCatella AB (publ) to Report First Half, 2026 Results on Aug 20, 2026Catella AB (publ) announced that they will report first half, 2026 results on Aug 20, 2026
お知らせ • Oct 01Catella AB (publ), Annual General Meeting, May 12, 2026Catella AB (publ), Annual General Meeting, May 12, 2026, at 10:00 W. Europe Standard Time. Location: stockholm Sweden
お知らせ • Aug 20Catella AB (publ) to Report Fiscal Year 2025 Results on Feb 17, 2026Catella AB (publ) announced that they will report fiscal year 2025 results on Feb 17, 2026
お知らせ • May 20+ 1 more updateCatella AB (publ) Announces Board AppointmentsCatella AB (publ) at its AGM held on 20 May 2025 appointed Erik Eikeland, Erik Ranje and Erik Rune as new board members. Erik Rune was elected as new chairman of the board of directors.
お知らせ • Feb 26Catella AB (publ) announces Annual dividend, payable on May 27, 2025Catella AB (publ) announced Annual dividend of SEK 0.9000 per share payable on May 27, 2025, ex-date on May 21, 2025 and record date on May 22, 2025.
Reported Earnings • Nov 09Third quarter 2024 earnings released: kr0.26 loss per share (vs kr0.25 loss in 3Q 2023)Third quarter 2024 results: kr0.26 loss per share (further deteriorated from kr0.25 loss in 3Q 2023). Revenue: kr383.0m (down 28% from 3Q 2023). Net loss: kr23.0m (loss widened 4.5% from 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 07+ 3 more updatesCatella AB (publ) to Report Fiscal Year 2025 Results on Feb 13, 2026Catella AB (publ) announced that they will report fiscal year 2025 results on Feb 13, 2026
お知らせ • Nov 06Catella AB (publ) to Report Q1, 2025 Results on May 09, 2025Catella AB (publ) announced that they will report Q1, 2025 results at 7:00 AM, Central European Standard Time on May 09, 2025
お知らせ • Oct 10Catella AB (publ), Annual General Meeting, May 20, 2025Catella AB (publ), Annual General Meeting, May 20, 2025. Location: stockholm Sweden
お知らせ • Sep 11+ 1 more updateCatella AB Announces President ChangesCatella AB announced that following 3.5 years as President of the company, Christoffer Abramson and the Board have agreed that he shall resign from his position. The Board will now initiate the recruitment of a new permanent President, and has in the meantime appointed Daniel Gorosch, currently CEO of Catella Corporate Finance Sweden, as President commencing September 10, 2024.
Reported Earnings • Aug 22Second quarter 2024 earnings released: kr0.37 loss per share (vs kr0.95 profit in 2Q 2023)Second quarter 2024 results: kr0.37 loss per share (down from kr0.95 profit in 2Q 2023). Revenue: kr448.0m (down 44% from 2Q 2023). Net loss: kr33.0m (down 139% from profit in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Aug 10Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.5% to €2.43. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 2,658% in the next 2 years.
Upcoming Dividend • May 16Upcoming dividend of kr0.90 per shareEligible shareholders must have bought the stock before 23 May 2024. Payment date: 29 May 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.7%).
Reported Earnings • May 06First quarter 2024 earnings released: EPS: kr0.29 (vs kr0.091 loss in 1Q 2023)First quarter 2024 results: EPS: kr0.29 (up from kr0.091 loss in 1Q 2023). Revenue: kr423.0m (down 8.4% from 1Q 2023). Net income: kr26.0m (up kr34.0m from 1Q 2023). Profit margin: 6.1% (up from net loss in 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.
Reported Earnings • Apr 14Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022)Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.02b (down 7.4% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Mar 06Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.4% to €2.37. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Declared Dividend • Feb 16Dividend of kr0.90 announcedShareholders will receive a dividend of kr0.90. Ex-date: 23rd May 2024 Payment date: 29th May 2024 Dividend yield will be 37%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 18% per year over the past 9 years. However, payments have been volatile during that time.
Reported Earnings • Feb 11Full year 2023 earnings released: kr0.24 loss per share (vs kr5.56 profit in FY 2022)Full year 2023 results: kr0.24 loss per share (down from kr5.56 profit in FY 2022). Revenue: kr2.33b (up 7.2% from FY 2022). Net loss: kr21.0m (down 104% from profit in FY 2022). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • Feb 11Now 23% undervaluedOver the last 90 days, the stock has risen 9.9% to €2.33. The fair value is estimated to be €3.04, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making.
Buying Opportunity • Jan 05Now 21% undervaluedOver the last 90 days, the stock is up 29%. The fair value is estimated to be €3.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 144% in the next 2 years.
お知らせ • Oct 31Catella AB (publ) Appoints Nomination CommitteeCatella AB (publ) appointed Nomination Committee. The nomination committee before the annual general meeting 2024 comprises Eje Wictorson, appointed by Claesson & Anderzén, Erik Eikeland, appointed by Alcur Fonder and Henrik Abrahamsson, appointed by Symmetry Invest. Eje Wictorson has been appointed as chairman of the nomination committee.
Reported Earnings • Oct 29Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr533.0m (up 7.9% from 3Q 2022). Net loss: kr22.0m (down 132% from profit in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 28Catella AB (publ) to Report Q1, 2024 Results on May 06, 2024Catella AB (publ) announced that they will report Q1, 2024 results at 7:00 AM, Central European Standard Time on May 06, 2024
お知らせ • Oct 27+ 4 more updatesCatella AB (publ) to Report Q3, 2024 Results on Nov 07, 2024Catella AB (publ) announced that they will report Q3, 2024 results at 7:00 AM, Central European Standard Time on Nov 07, 2024
New Risk • Aug 28New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 19% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).
Buying Opportunity • Aug 07Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €2.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
お知らせ • Jul 25An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B).An unknown buyer acquired 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023.An unknown buyer competed the acquisition of 50% stake in Infrahubs AB from Catella AB (publ) (OM:CAT B) on July 24, 2023.
Valuation Update With 7 Day Price Move • Jul 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €2.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.78 per share.
お知らせ • Jun 03Catella agreed to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million.Catella entered into an agreement to acquire 60% stake in Aquila Asset Management SAS for approximately €9.6 million on June 2, 2023. The shares are acquired from local management who will remain minority shareholders. The sellers are entitled to an additional purchase price of approximately €1 million if certain criteria are fulfilled. The acquisition is financed by Catella’s own capital. Closing of the transaction is subject to regulatory approval. Aquila Asset Management SAS has €1.4 billion in assets under management. The acquisition will complement Catella's strong existing Corporate Finance operations in France as well as the continued growth of its pan-European platform. Closing of the transaction is expected during the second half of 2023.
Buying Opportunity • Jun 02Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 27%. The fair value is estimated to be €3.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has grown by 61%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 19% in the next 2 years.
お知らせ • May 11+ 1 more updateCatella AB Announces Executive AppointmentsCatella AB announced that at its AGM held on 10 May 2023, announced that Samir Kamal and Sofia Watt were elected as new board members.
Reported Earnings • May 07First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr462.0m (down 21% from 1Q 2022). Net loss: kr8.00m (down 110% from profit in 1Q 2022). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
お知らせ • May 06+ 1 more updateCatella AB (Publ) Appoints Veronica Hjelte As Head of Group CommunicationsCatella AB (publ) appointed Veronica Hjelte acting Head of Group Communications. Veronica Hjelte has worked at Catella since 2019, most recently in the role of Communications Specialist.
Reported Earnings • Feb 14Full year 2022 earnings released: EPS: kr5.55 (vs kr2.13 in FY 2021)Full year 2022 results: EPS: kr5.55 (up from kr2.13 in FY 2021). Revenue: kr2.59b (up 45% from FY 2021). Net income: kr491.0m (up 161% from FY 2021). Profit margin: 19% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Funds under management (FUM) Beginning of period: kr122.7b End of period: kr140.6b Net inflows/outflows: kr4.80b inflow Revenue is expected to decline by 3.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 08+ 1 more updateCatella AB (publ) to Report Q1, 2023 Results on May 05, 2023Catella AB (publ) announced that they will report Q1, 2023 results at 7:00 AM, Central European Standard Time on May 05, 2023
Reported Earnings • Oct 29Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr494.0m (up 31% from 3Q 2021). Net income: kr68.0m (up 94% from 3Q 2021). Profit margin: 14% (up from 9.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 4.4%.
お知らせ • Oct 28+ 4 more updatesCatella AB (publ) to Report Fiscal Year 2022 Results on Mar 31, 2023Catella AB (publ) announced that they will report fiscal year 2022 results on Mar 31, 2023
Reported Earnings • Aug 20Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr861.0m (up 78% from 2Q 2021). Net income: kr247.0m (up kr294.0m from 2Q 2021). Profit margin: 29% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 11% compared to a 3.2% decline forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
お知らせ • May 06Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million.Catella AB (publ) (OM:CAT B) agreed to acquire 65% stake in Warsaw Properties Sp. z o.o. for approximately SEK 40 million on May 5, 2022. Warsaw Property Partners has 18 employees. Christian Fojtl, Jacek Wachowicz, and Bartosz Bzoma, Managing Directors, will remain shareholders in Warsaw Properties and have committed to the company for at least another five years. Warsaw Properties will continue to be run by its current management team. The transaction is expected to be completed during the second quarter of 2022.
お知らせ • Apr 07Catella Exits its Corporate Finance Operations in the BalticsFollowing April 1, 2022 press release on Catella winding down its German Corporate Finance operations, Catella announced the decision to exit its Corporate Finance operations in the Baltics. Both decisions were based on a strategic review of the Corporate Finance business area with the aim of identifying markets where Catella Corporate Finance has a strong market position or an opportunity to reach a solid and profitable position. The exit will take place during the second quarter of 2022 and have limited impact on financials.
Reported Earnings • Feb 26Full year 2021 earnings: EPS in line with expectations, revenues disappointFull year 2021 results: EPS: kr2.13 (up from kr1.44 in FY 2020). Revenue: kr1.81b (down 21% from FY 2020). Net income: kr188.0m (up 50% from FY 2020). Profit margin: 10% (up from 5.5% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 27% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Recent Insider Transactions • Jan 13Independent Director recently bought €68k worth of stockOn the 11th of January, Tobias Alsborger bought around 16k shares on-market at roughly €4.28 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
お知らせ • Jan 12Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million.Athanese Industrial Partners Ltd. acquired a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) for SEK 60 million on January 10, 2022. Athanese Industrial Partners Ltd. completed the acquisition of a 30% stake in Catella FondfÖRvaltning Ab from Catella AB (publ) (OM:CAT B) on January 10, 2022.
Reported Earnings • Nov 16Third quarter 2021 earnings released: EPS kr0.40 (vs kr2.43 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr376.0m (down 50% from 3Q 2020). Net income: kr35.0m (down 84% from 3Q 2020). Profit margin: 9.3% (down from 29% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 27Investor sentiment improved over the past weekAfter last week's 27% share price gain to €3.57, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total returns to shareholders of 81% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.28 per share.
Reported Earnings • Aug 22Second quarter 2021 earnings released: kr0.53 loss per share (vs kr0.80 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: kr483.0m (down 7.6% from 2Q 2020). Net loss: kr47.0m (loss narrowed 34% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings.
お知らせ • May 26Catella AB (Publ) Approves DividendCatella AB (publ) at its annual general meeting, adopted to pay a dividend of SEK 0.90 per share to the shareholders and that the remaining profits shall be carried forward. 27 May 2021 was determined as the record date for dividends.
Upcoming Dividend • May 19Upcoming dividend of kr0.90 per shareEligible shareholders must have bought the stock before 26 May 2021. Payment date: 01 June 2021. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.2%).
Reported Earnings • May 09First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr314.0m (down 30% from 1Q 2020). Net income: kr99.0m (up kr85.0m from 1Q 2020). Profit margin: 32% (up from 3.1% in 1Q 2020). The increase in margin was driven by lower expenses.
Executive Departure • Apr 01Chief Financial Officer has left the companyOn the 29th of March, Christoffer Abramson's tenure as Chief Financial Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Christoffer's name. A total of 4 executives have left over the last 12 months.
Reported Earnings • Feb 26Full year 2020 earnings released: EPS kr1.42 (vs kr0.79 in FY 2019)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr2.31b (down 1.7% from FY 2019). Net income: kr125.0m (up 84% from FY 2019). Profit margin: 5.4% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses.
Analyst Estimate Surprise Post Earnings • Feb 26Revenue beats expectationsRevenue exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 13% compared to a 8.6% growth forecast for the Capital Markets industry in Germany.
お知らせ • Feb 25Catella AB (Publ) Appoints Christoffer Abramson as PresidentThe Board of Catella appointed Christoffer Abramson as CEO and President of Catella Group. Christoffer will begin his role no later than by the Annual General Meeting, May 25 2021. Christoffer has been the Chief Financial Officer since October 15 2020. Prior to joining Catella Group as Chief Financial Officer, Christoffer was part of building a global real estate group within EF based in the USA. He earlier worked as an operating executive for several Private Equity funds in London and Paris. Christoffer began his career at General Electric where he spent 10 years in various roles, most recently as CFO of GE Real Estate in London.
お知らせ • Jan 31+ 1 more updateAn unknown buyer acquired 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others for approximately SEK 150 million.An unknown buyer acquired 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others for approximately SEK 150 million on January 29, 2021. The consideration is paid in cash. The divestment will have a positive effect on profit after tax, including transaction costs, of SEK 122 million during the first quarter of 2021. An unknown buyer completed the acquisition of 50.1% in Catella Asset Management SAS from Catella AB (publ) (OM:CAT B) and others on January 29, 2021.
Is New 90 Day High Low • Jan 21New 90-day high: €2.88The company is up 42% from its price of €2.03 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.58 per share.
Is New 90 Day High Low • Jan 06New 90-day high: €2.75The company is up 30% from its price of €2.11 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.55 per share.
Is New 90 Day High Low • Nov 27New 90-day high: €2.43The company is up 25% from its price of €1.95 on 28 August 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.07 per share.
お知らせ • Nov 26Catella AB (Publ) Announces Board AppointmentsA Nominating Committee has been appointed for Catella AB (publ) pending the Annual General Meeting of 25 May 2021, pursuant to a resolution adopted at the Annual General Meeting held on 26 May 2020 regarding principles for the Nominating Committee. The Nominating Committee comprises the following persons: Eje Wictorson, Chairman of the Nominating Committee and appointed by CA Plusinvest AB. Jan Roxendal, Chairman of the board in Catella AB. Mia Arnhult, appointed by M2 Asset Management AB. Kenneth Andersen, appointed by Strawberry Capital AS.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 25%. Over the next year, revenue is forecast to decline by -16% while the growth in Capital Markets industry in Germany is expected to stay flat.
Is New 90 Day High Low • Oct 30New 90-day low: €1.87The company is down 3.0% from its price of €1.92 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.92 per share.
お知らせ • Sep 23+ 1 more updateAthanese Industrial Partners Ltd. acquired 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for SEK 140 million.Athanese Industrial Partners Ltd. agreed to acquire 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for approximately SEK 150 million on June 10, 2020. The payment will be a cash consideration of SEK 126 million to SEK 154 million, depending of the development of Catella Fondforvaltning AB until the completion date. During January 2022, Catella has the right to sell and Athanase the right to acquire the remaining 30% of the shares for a purchase price of SEK 60 million. Closing of the transaction is subject to customary regulatory approval by Finansinspektionen in Sweden and CSSF in Luxembourg, which is expected to be obtained in the second half of 2020. Completion is expected to tale place in third quarter of 2020. Carl Montalvo, Richard Josephson, Maria Rimbäck, Hodder Stjernswärd, Victor Kullander, Matilda Hellman, Rikard Schwalbe, Carl di Meo of Skandinaviska Enskilda Banken AB (publ.) (OM:SEB A) acted as financial advisor while Jan Jensen, Martin Järvengren, Henrik Wireklint and Johan Thiman of White & Case Advokat AB and Axel Schultz and Willem Van de Wiele of White & Case LLP Avocats-Advocaten acted as legal advisors to Catella AB (publ). Athanese Industrial Partners Ltd. completed the acquisition of 70% stake in Catella Fondforvaltning AB from Catella AB (publ) (OM:CAT B) for SEK 140 million on September 22, 2020. All the approvals have been obtained including Swedish Financial Supervisory Authority and Commission de Surveillance du Secteur Financier in Luxembourg.