Castellum AB (publ)

BATS-CHIXE:CASTS Stock Report

Market Cap: SEK 57.5b

Castellum Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Discounted Cash Flow
Simply Wall St
SEK 35.36
Fair Value
189.7% overvalued intrinsic discount
11
Number of Analysts

Below Fair Value: CASTS (SEK102.43) is trading above our estimate of fair value (SEK35.36)

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

Key Valuation Metric

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

Key metric: As CASTS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CASTS. This is calculated by dividing CASTS's market cap by their current earnings.
What is CASTS's PE Ratio?
PE Ratio24.4x
EarningsSEK 2.36b
Market CapSEK 57.47b

Price to Earnings Ratio vs Peers

How does CASTS's PE Ratio compare to its peers?

The above table shows the PE ratio for CASTS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average70.4x
IWG International Workplace Group
126.1x44.8%UK£1.9b
GRI Grainger
51.8x36.8%UK£1.6b
SRE Sirius Real Estate
12.5x7.6%UK£1.4b
ASLI abrdn European Logistics Income
91.1xn/aUK£234.9m
CASTS Castellum
24.4x24.1%SEK 57.5b

Price-To-Earnings vs Peers: CASTS is good value based on its Price-To-Earnings Ratio (24.4x) compared to the peer average (70.3x).

Price to Earnings Ratio vs Industry

How does CASTS's PE Ratio compare vs other companies in the GB Real Estate Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RAV Raven Property Group
0.3x-76.0%US$23.74m
CRC Circle Property
0.4xn/aUS$1.28m
No more companies available in this PE range
No. of Companies5PE020406080100+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CASTS is expensive based on its Price-To-Earnings Ratio (24.4x) compared to the European Real Estate industry average (18.6x).

Price to Earnings Ratio vs Fair Ratio

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

CASTS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio24.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CASTS's Price-To-Earnings 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 CASTS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 118.73
0%
12.4%SEK 150.00SEK 95.00n/a11
Apr ’26n/a
SEK 121.00
0%
12.1%SEK 150.00SEK 95.00n/a10
Mar ’26n/a
SEK 121.60
0%
11.2%SEK 150.00SEK 101.00n/a10
Feb ’26SEK 120.18
SEK 125.18
+4.2%
13.4%SEK 150.00SEK 102.00n/a11
Jan ’26SEK 120.43
SEK 127.91
+6.2%
13.1%SEK 150.00SEK 102.00n/a11
Dec ’25n/a
SEK 129.18
0%
12.1%SEK 150.00SEK 106.00n/a11
Nov ’25n/a
SEK 130.18
0%
11.1%SEK 150.00SEK 110.00n/a11
Oct ’25n/a
SEK 130.00
0%
11.9%SEK 155.00SEK 110.00n/a11
Sep ’25n/a
SEK 128.22
0%
15.4%SEK 155.00SEK 90.00n/a9
Aug ’25n/a
SEK 127.11
0%
14.5%SEK 150.00SEK 90.00n/a9
Jul ’25SEK 125.20
SEK 124.00
-1.0%
13.7%SEK 145.00SEK 90.00n/a10
Jun ’25n/a
SEK 123.70
0%
15.5%SEK 150.00SEK 90.00n/a10
May ’25n/a
SEK 124.89
0%
15.9%SEK 150.00SEK 90.00n/a9
Apr ’25n/a
SEK 126.90
0%
15.6%SEK 150.00SEK 90.00n/a10
Mar ’25n/a
SEK 124.30
0%
16.3%SEK 150.00SEK 90.00n/a10
Feb ’25n/a
SEK 124.90
0%
19.1%SEK 150.00SEK 89.00SEK 120.1810
Jan ’25n/a
SEK 118.90
0%
17.8%SEK 145.00SEK 84.00SEK 120.4310
Dec ’24n/a
SEK 118.00
0%
18.7%SEK 145.00SEK 85.00n/a10
Nov ’24n/a
SEK 117.60
0%
18.1%SEK 145.00SEK 86.00n/a10
Oct ’24n/a
SEK 119.90
0%
19.8%SEK 160.00SEK 89.00n/a10
Sep ’24n/a
SEK 119.40
0%
20.4%SEK 160.00SEK 85.00n/a10
Aug ’24n/a
SEK 120.30
0%
19.4%SEK 160.00SEK 85.00n/a10
Jul ’24SEK 102.40
SEK 121.00
+18.2%
24.5%SEK 180.00SEK 85.00SEK 125.209
Jun ’24SEK 102.95
SEK 121.44
+18.0%
23.9%SEK 180.00SEK 75.60n/a8
May ’24SEK 124.00
SEK 143.00
+15.3%
20.2%SEK 180.00SEK 90.00n/a8
AnalystConsensusTarget
Consensus Narrative from 11 Analysts
SEK 104.20
Fair Value
1.7% undervalued intrinsic discount
11
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/05 05:11
End of Day Share Price 2025/04/08 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 23 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Ruud Van MaanenABN AMRO Bank N.V.
Paul MayBarclays