Castellum (TEX) Stock Overview

A Swedish property company that owns, manages, and develops commercial properties in growth cities. More details

TEX fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Earnings are forecast to grow 11.84% per year

Risk Analysis

Debt is not well covered by operating cash flow

Large one-off items impacting financial results

TEX Community Fair Values

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Castellum AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Castellum
Historical stock prices
Current Share Price	SEK 11.80
52 Week High	SEK 11.94
52 Week Low	SEK 9.31
Beta	1.47
1 Month Change	7.81%
3 Month Change	1.90%
1 Year Change	17.71%
3 Year Change	17.41%
5 Year Change	-49.64%
Change since IPO	12.92%

Recent updates

Shareholder Returns

	TEX	DE Real Estate	DE Market
7D	3.2%	-0.7%	-0.8%
1Y	17.7%	-21.0%	-0.9%

Return vs Industry: TEX exceeded the German Real Estate industry which returned -19.8% over the past year.

Return vs Market: TEX exceeded the German Market which returned -0.9% over the past year.

Price Volatility

Is TEX's price volatile compared to industry and market?
TEX volatility
TEX Average Weekly Movement	3.6%
Real Estate Industry Average Movement	4.7%
Market Average Movement	5.4%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	2.7%

Stable Share Price: TEX has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: TEX's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	481	Pal Ahlsen	www.castellum.se

Castellum AB (publ) is a Swedish property company that owns, manages, and develops commercial properties in growth cities. As of 30 June 2026, the property value amounted to approximately SEK 134 Bn. The company is listed on Nasdaq Stockholm Large Cap and is classified as green under the Green Equity Designation.

Castellum AB (publ) Fundamentals Summary

How do Castellum's earnings and revenue compare to its market cap?
TEX fundamental statistics
Market cap	€5.32b
Earnings (TTM)	€242.39m
Revenue (TTM)	€900.83m

22.0x

P/E Ratio

5.9x

P/S Ratio

Is TEX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TEX income statement (TTM)
Revenue	SEK 9.96b
Cost of Revenue	SEK 3.01b
Gross Profit	SEK 6.95b
Other Expenses	SEK 4.27b
Earnings	SEK 2.68b

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 22, 2026

Earnings per share (EPS)	5.92
Gross Margin	69.76%
Net Profit Margin	26.91%
Debt/Equity Ratio	73.5%

How did TEX perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/20 07:48
End of Day Share Price	2026/07/20 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Castellum AB (publ) is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Paul May	Barclays
Bernd Stahli	BofA Global Research

Castellum (TEX) Stock Overview

Rewards

Risk Analysis

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Castellum AB (publ) Competitors

CPI Property Group

Deutsche Wohnen

LEG Immobilien

TAG Immobilien

Price History & Performance

Recent News & Updates

Second quarter 2026 earnings released: EPS: kr1.37 (vs kr0.39 in 2Q 2025)

Less than half of directors are independent

Vasaparken Fastighets AB and Centria AB signed an agreement to acquire three properties in Linköping from Castellum AB (publ) (OM:CAST).

Ioffice Business Center Ab signed an agreement to acquire United Spaces from Castellum AB (publ) (OM:CAST).

Castellum AB (publ) to Report Nine Months, 2026 Results on Oct 22, 2026

Castellum AB (Publ) Announces Board Appointments

Recent updates

Second quarter 2026 earnings released: EPS: kr1.37 (vs kr0.39 in 2Q 2025)

Less than half of directors are independent

Vasaparken Fastighets AB and Centria AB signed an agreement to acquire three properties in Linköping from Castellum AB (publ) (OM:CAST).

Ioffice Business Center Ab signed an agreement to acquire United Spaces from Castellum AB (publ) (OM:CAST).

Castellum AB (publ) to Report Nine Months, 2026 Results on Oct 22, 2026

Castellum AB (Publ) Announces Board Appointments

Castellum AB (publ) Announces Board Appointments

Castellum AB (publ) to Report Fiscal Year 2025 Results on Feb 18, 2026

Joacim Sjöberg to Step Down as CEO of Castellum

Castellum AB (publ) (OM:CAST) completed the acquisition of 0.27% stake in Entra ASA (OB:ENTRA) from Fastighets AB Balder (publ) (OM:BALD B) and other shareholders for NOK 54.4 million.

Castellum AB (publ) to Report Fiscal Year 2024 Final Results on Apr 08, 2025

Castellum AB (publ) (OM:CAST) intends to make a mandatory offer to acquire the remaining 66.67% stake in Entra ASA (OB:ENTRA) from Fastighets AB Balder (publ) (OM:BALD B) and other sharholders for approximately NOK 13.4 billion.

Castellum Announces Executive Changes

Per Berggren Declines Re-Election of Chairman of the Board of Castellum AB (Publ)

Third quarter 2024 earnings released: EPS: kr0.96 (vs kr2.63 loss in 3Q 2023)

Castellum AB (publ), Annual General Meeting, May 07, 2025

Second quarter 2024 earnings released: EPS: kr0.16 (vs kr1.12 in 2Q 2023)

First quarter 2024 earnings released: kr0.36 loss per share (vs kr11.00 loss in 1Q 2023)

Castellum AB (publ) to Report Fiscal Year 2024 Results on Feb 19, 2025

Full year 2023 earnings released: kr25.68 loss per share (vs kr5.33 profit in FY 2022)

Castellum AB (publ) to Report Nine Months, 2024 Results on Oct 25, 2024

Full year 2023 earnings released: kr25.68 loss per share (vs kr5.29 profit in FY 2022)

New major risk - Shareholder dilution

Third quarter 2023 earnings released: kr2.63 loss per share (vs kr1.22 loss in 3Q 2022)

An unknown buyer acquired Five Properties in Sweden from Castellum AB (publ) (OM:CAST) for SEK 900 million.

Castellum AB (Publ) Announces Nomination Committee Appointments

An unknown buyer signed an agreement to acquire Idéflödet 1 and Idémannen 1 in Linköping from Castellum AB (publ).

Castellum AB (Publ) Appoints Christoffer Strömbäck as Head of Investor Relations and Corporate Finance

High number of new and inexperienced directors

Second quarter 2023 earnings released

Castellum AB (publ) to Report First Half, 2024 Results on Jul 16, 2024

New minor risk - Shareholder dilution

Leiv Synnes Resigns from the Board of Directors of Castellum

Castellum AB (publ) has completed a Follow-on Equity Offering in the amount of SEK 10.18043 billion.

Axis Communications AB acquired Forskaren 2 and Stockholmsledet 8 from Castellum AB (publ) (OM:CAST).

High number of new and inexperienced directors

Full year 2022 earnings released: EPS: kr5.29 (vs kr41.81 in FY 2021)

Full year 2022 earnings released: EPS: kr5.29 (vs kr41.81 in FY 2021)

An unknown buyer acquired a 2.5% stake in Castellum AB (publ) from Corem Property Group AB (publ) for SEK 1.3 billion.

Castellum Announces the Resignation of Rutger Arnhult as Member of Board of Directors

Castellum AB (Publ) Announces Resignation of Anna Kinberg Batra from Board of Directors

Castellum Appoints Joacim Sjöberg as Acting CEO

Upcoming dividend of kr1.90 per share

Less than half of directors are independent

Third quarter 2022 earnings released: kr1.22 loss per share (vs kr5.57 profit in 3Q 2021)

Castellum AB (publ) to Report First Half, 2023 Results on Jul 14, 2023

Upcoming dividend of kr1.90 per share

Investor sentiment improved over the past week

Second quarter 2022 earnings released: EPS: kr10.11 (vs kr6.25 in 2Q 2021)

Upcoming dividend of kr1.90 per share

Investor sentiment deteriorated over the past week

Castellum, Inc. Appoints Jim Moran to the Company's Advisory Board

Independent Chairman of the Board recently bought €92k worth of stock

First quarter 2022 earnings released: EPS: kr10.68 (vs kr13.90 in 1Q 2021)

Less than half of directors are independent

Castellum AB (publ) Approves Elect Henrik Käll as Members of Board of Directors

Managing Director of Region West recently bought €8.6k worth of stock

Managing Director of Region West recently bought €8.6k worth of stock

Managing Director of Region West recently bought €8.6k worth of stock

Managing Director of Region West recently bought €8.6k worth of stock

Fastighets Ab Regio agreed to acquire Portfolio in Gävle from Castellum AB (publ) (OM:CAST) for SEK 2.3 billion.

Independent Chairman of the Board recently bought €113k worth of stock