Catella AB (publ)

LSE:0RL4 Stock Report

Market Cap: SEK 2.5b

Catella Valuation

Is 0RL4 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0RL4 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0RL4 (SEK28.1) is trading above our estimate of fair value (SEK25.43)

Significantly Below Fair Value: 0RL4 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0RL4?

Key metric: As 0RL4 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0RL4. This is calculated by dividing 0RL4's market cap by their current revenue.
What is 0RL4's PS Ratio?
PS Ratio1.7x
SalesSEK 1.48b
Market CapSEK 2.49b

Price to Sales Ratio vs Peers

How does 0RL4's PS Ratio compare to its peers?

The above table shows the PS ratio for 0RL4 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.4x
CLIG City of London Investment Group
3.4x11.2%UK£190.5m
LIO Liontrust Asset Management
1.6x0.7%UK£294.0m
GSEO VH Global Sustainable Energy Opportunities
10.5xn/aUK£273.1m
BRK Brooks Macdonald Group
2.1x1.5%UK£265.4m
0RL4 Catella
1.7x11.9%SEK 2.5b

Price-To-Sales vs Peers: 0RL4 is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (4.4x).

Price to Sales Ratio vs Industry

How does 0RL4's PS Ratio compare vs other companies in the GB Capital Markets Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
STJ St. James's Place
0.2x-98.6%US$5.68b
QLT Quilter
0.3x-83.1%US$2.45b
RIV River and Mercantile Group
0.6x-49.0%US$50.18m
CAV Cavendish Financial
0.6xn/aUS$49.92m
0RL4 1.7xIndustry Avg. 3.2xNo. of Companies17PS03.26.49.612.816+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0RL4 is good value based on its Price-To-Sales Ratio (1.7x) compared to the UK Capital Markets industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is 0RL4's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0RL4 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 0RL4's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0RL4 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 28.10
SEK 45.00
+60.1%
24.4%SEK 56.00SEK 34.00n/a2
Nov ’25SEK 30.10
SEK 45.00
+49.5%
24.4%SEK 56.00SEK 34.00n/a2
Oct ’25SEK 29.50
SEK 45.00
+52.5%
24.4%SEK 56.00SEK 34.00n/a2
Sep ’25SEK 31.15
SEK 45.00
+44.5%
24.4%SEK 56.00SEK 34.00n/a2
Aug ’25n/a
SEK 45.50
0%
23.1%SEK 56.00SEK 35.00n/a2
Jul ’25SEK 29.35
SEK 45.50
+55.0%
23.1%SEK 56.00SEK 35.00n/a2
Jun ’25n/a
SEK 45.00
0%
24.4%SEK 56.00SEK 34.00n/a2
May ’25n/a
SEK 44.00
0%
20.5%SEK 53.00SEK 35.00n/a2
Apr ’25SEK 30.50
SEK 43.50
+42.6%
21.8%SEK 53.00SEK 34.00n/a2
Mar ’25SEK 28.75
SEK 43.50
+51.3%
21.8%SEK 53.00SEK 34.00n/a2
Feb ’25SEK 31.50
SEK 45.50
+44.4%
18.7%SEK 54.00SEK 37.00n/a2
Jan ’25SEK 32.40
SEK 45.50
+40.4%
18.7%SEK 54.00SEK 37.00n/a2
Dec ’24SEK 26.70
SEK 42.50
+59.2%
17.6%SEK 50.00SEK 35.00n/a2
Nov ’24SEK 24.15
SEK 43.50
+80.1%
14.9%SEK 50.00SEK 37.00SEK 30.102
Oct ’24SEK 26.70
SEK 49.00
+83.5%
24.5%SEK 61.00SEK 37.00SEK 29.502
Sep ’24SEK 28.15
SEK 49.00
+74.1%
24.5%SEK 61.00SEK 37.00SEK 31.152
Aug ’24SEK 29.45
SEK 50.00
+69.8%
20.0%SEK 60.00SEK 40.00n/a2
Jul ’24SEK 26.41
SEK 50.00
+89.4%
20.0%SEK 60.00SEK 40.00SEK 29.352
Jun ’24SEK 28.75
SEK 50.00
+73.9%
20.0%SEK 60.00SEK 40.00n/a2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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