Castellum AB (publ)

LSE:0GT1 Stock Report

Market Cap: SEK 61.6b

Castellum Valuation

Is 0GT1 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-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 0GT1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0GT1 (SEK125.07) is trading above our estimate of fair value (SEK69.47)

Significantly Below Fair Value: 0GT1 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0GT1?

Key metric: As 0GT1 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0GT1. This is calculated by dividing 0GT1's market cap by their current revenue.
What is 0GT1's PS Ratio?
PS Ratio5.9x
SalesSEK 10.39b
Market CapSEK 61.56b

Price to Sales Ratio vs Peers

How does 0GT1's PS Ratio compare to its peers?

The above table shows the PS ratio for 0GT1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.5x
IWG International Workplace Group
0.6x6.1%UK£1.7b
GRI Grainger
5.9x-30.7%UK£1.7b
SRE Sirius Real Estate
5x-4.0%UK£1.3b
TPFG Property Franchise Group
6.7x42.4%UK£273.5m
0GT1 Castellum
5.9x0.1%SEK 61.6b

Price-To-Sales vs Peers: 0GT1 is expensive based on its Price-To-Sales Ratio (5.9x) compared to the peer average (4.5x).

Price to Sales Ratio vs Industry

How does 0GT1's PS Ratio compare vs other companies in the GB Real Estate Industry?

10 CompaniesPrice / SalesEstimated GrowthMarket Cap
IWG International Workplace Group
0.6x6.1%US$2.10b
ETLN Etalon Group
0.3x10.5%US$210.89m
WJG Watkin Jones
0.1x1.6%US$69.36m
RAV Raven Property Group
0.1x-0.2%US$23.74m
0GT1 5.9xIndustry Avg. 4.2xNo. of Companies10PS02.44.87.29.612+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0GT1 is expensive based on its Price-To-Sales Ratio (5.9x) compared to the UK Real Estate industry average (4.3x).

Price to Sales Ratio vs Fair Ratio

What is 0GT1'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.

0GT1 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.9x
Fair PS Ratio7.6x

Price-To-Sales vs Fair Ratio: 0GT1 is good value based on its Price-To-Sales Ratio (5.9x) compared to the estimated Fair Price-To-Sales Ratio (7.6x).

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 0GT1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 125.07
SEK 129.18
+3.3%
12.1%SEK 150.00SEK 106.00n/a11
Nov ’25SEK 131.90
SEK 130.18
-1.3%
11.1%SEK 150.00SEK 110.00n/a11
Oct ’25SEK 150.15
SEK 130.00
-13.4%
11.9%SEK 155.00SEK 110.00n/a11
Sep ’25SEK 141.10
SEK 128.22
-9.1%
15.4%SEK 155.00SEK 90.00n/a9
Aug ’25SEK 135.88
SEK 127.11
-6.5%
14.5%SEK 150.00SEK 90.00n/a9
Jul ’25SEK 129.80
SEK 124.00
-4.5%
13.7%SEK 145.00SEK 90.00n/a10
Jun ’25SEK 130.55
SEK 123.70
-5.2%
15.5%SEK 150.00SEK 90.00n/a10
May ’25SEK 131.90
SEK 124.89
-5.3%
15.9%SEK 150.00SEK 90.00n/a9
Apr ’25SEK 140.90
SEK 126.90
-9.9%
15.6%SEK 150.00SEK 90.00n/a10
Mar ’25SEK 126.62
SEK 124.30
-1.8%
16.3%SEK 150.00SEK 90.00n/a10
Feb ’25SEK 134.18
SEK 124.90
-6.9%
19.1%SEK 150.00SEK 89.00n/a10
Jan ’25SEK 143.30
SEK 118.90
-17.0%
17.8%SEK 145.00SEK 84.00n/a10
Dec ’24SEK 126.21
SEK 118.00
-6.5%
18.7%SEK 145.00SEK 85.00n/a10
Nov ’24SEK 106.63
SEK 117.60
+10.3%
18.1%SEK 145.00SEK 86.00SEK 131.9010
Oct ’24SEK 111.35
SEK 119.90
+7.7%
19.8%SEK 160.00SEK 89.00SEK 150.1510
Sep ’24SEK 115.90
SEK 119.40
+3.0%
20.4%SEK 160.00SEK 85.00SEK 141.1010
Aug ’24SEK 118.60
SEK 120.30
+1.4%
19.4%SEK 160.00SEK 85.00SEK 135.8810
Jul ’24SEK 102.39
SEK 121.00
+18.2%
24.5%SEK 180.00SEK 85.00SEK 129.809
Jun ’24SEK 102.35
SEK 121.44
+18.6%
23.9%SEK 180.00SEK 75.60SEK 130.558
May ’24SEK 124.31
SEK 143.00
+15.0%
20.2%SEK 180.00SEK 90.00SEK 131.908
Apr ’24SEK 120.38
SEK 143.00
+18.8%
20.2%SEK 180.00SEK 90.00SEK 140.908
Mar ’24SEK 128.30
SEK 139.00
+8.3%
17.7%SEK 180.00SEK 100.00SEK 126.627
Feb ’24SEK 145.79
SEK 146.20
+0.3%
18.4%SEK 182.00SEK 100.00SEK 134.1810
Jan ’24SEK 128.38
SEK 137.10
+6.8%
16.6%SEK 173.00SEK 100.00SEK 143.3010
Dec ’23SEK 129.64
SEK 137.30
+5.9%
16.5%SEK 173.00SEK 100.00SEK 126.2110
Nov ’23SEK 132.47
SEK 144.50
+9.1%
10.5%SEK 173.00SEK 125.00SEK 106.6310

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

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