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Market Cap

kr2.6b

Last Updated

2021/04/09 19:12 UTC

Data Sources

Company Financials +

Executive Summary

Catella AB (publ) is a real estate investment firm. More Details


Snowflake Analysis

Proven track record with adequate balance sheet.

Share Price & News

How has Catella's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CAT B is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CAT B's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

4.3%

CAT B

3.1%

SE Capital Markets

2.2%

SE Market


1 Year Return

52.0%

CAT B

122.9%

SE Capital Markets

57.7%

SE Market

Return vs Industry: CAT B underperformed the Swedish Capital Markets industry which returned 122.9% over the past year.

Return vs Market: CAT B underperformed the Swedish Market which returned 57.7% over the past year.


Shareholder returns

CAT BIndustryMarket
7 Day4.3%3.1%2.2%
30 Day-1.4%17.3%6.0%
90 Day2.5%27.8%13.2%
1 Year52.0%52.0%125.4%122.9%62.4%57.7%
3 Year46.2%34.0%144.3%126.0%74.3%53.7%
5 Year82.0%55.7%182.2%139.3%101.5%60.5%

Long-Term Price Volatility Vs. Market

How volatile is Catella's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Catella undervalued compared to its fair value and its price relative to the market?

15.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAT B (SEK28.8) is trading below our estimate of fair value (SEK34.17)

Significantly Below Fair Value: CAT B is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CAT B is good value based on its PE Ratio (20.2x) compared to the SE Capital Markets industry average (23.9x).

PE vs Market: CAT B is good value based on its PE Ratio (20.2x) compared to the Swedish market (26.3x).


Price to Earnings Growth Ratio

PEG Ratio: CAT B is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: CAT B's PB Ratio (1.7x) is in line with the SE Capital Markets industry average.


Future Growth

How is Catella forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAT B's forecast earnings growth (9.8% per year) is above the savings rate (0.4%).

Earnings vs Market: CAT B's earnings (9.8% per year) are forecast to grow faster than the Swedish market (8.2% per year).

High Growth Earnings: CAT B's earnings are forecast to grow, but not significantly.

Revenue vs Market: CAT B's revenue (5.3% per year) is forecast to grow faster than the Swedish market (3.3% per year).

High Growth Revenue: CAT B's revenue (5.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CAT B's Return on Equity is forecast to be low in 3 years time (11%).


Past Performance

How has Catella performed over the past 5 years?

-26.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CAT B has high quality earnings.

Growing Profit Margin: CAT B's current net profit margins (6.1%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: CAT B's earnings have declined by 26.8% per year over the past 5 years.

Accelerating Growth: CAT B's earnings growth over the past year (83.4%) exceeds its 5-year average (-26.8% per year).

Earnings vs Industry: CAT B earnings growth over the past year (83.4%) exceeded the Capital Markets industry 41.5%.


Return on Equity

High ROE: CAT B's Return on Equity (7.8%) is considered low.


Financial Health

How is Catella's financial position?


Financial Position Analysis

Short Term Liabilities: CAT B's short term assets (SEK3.0B) exceed its short term liabilities (SEK933.0M).

Long Term Liabilities: CAT B's short term assets (SEK3.0B) exceed its long term liabilities (SEK1.5B).


Debt to Equity History and Analysis

Debt Level: CAT B's debt to equity ratio (75.9%) is considered high.

Reducing Debt: CAT B's debt to equity ratio has reduced from 196.8% to 75.9% over the past 5 years.

Debt Coverage: CAT B's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: CAT B's interest payments on its debt are well covered by EBIT (5.1x coverage).


Balance Sheet


Dividend

What is Catella current dividend yield, its reliability and sustainability?

3.13%

Current Dividend Yield


Upcoming Dividend Payment

TodayApr 10 2021Ex Dividend DateMay 10 2021Dividend Pay DateMay 17 20217 days from Ex DividendBuy in the next 29 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CAT B's dividend (3.13%) is higher than the bottom 25% of dividend payers in the Swedish market (1.22%).

High Dividend: CAT B's dividend (3.13%) is low compared to the top 25% of dividend payers in the Swedish market (3.52%).


Stability and Growth of Payments

Stable Dividend: CAT B has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CAT B's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.2%), CAT B's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CAT B's dividends in 3 years are forecast to be covered by earnings (50% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.9yrs

Average board tenure


CEO

Per Claesson (69 yo)

0.92

Tenure

kr710,000

Compensation

Mr. Per Johan Claesson serves as Acting Chief Executive Officer and President at Catella AB (publ) since May 11, 2020 and serves as its Main Owner. He serves as Board Director at IPM Informed Portfolio Man...


Board Members

Experienced Board: CAT B's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Catella AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Catella AB (publ)
  • Ticker: CAT B
  • Exchange: OM
  • Founded: 1961
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: kr2.560b
  • Shares outstanding: 88.35m
  • Website: https://www.catella.com

Number of Employees


Location

  • Catella AB (publ)
  • Birger Jarlsgatan 6
  • PO Box 5894
  • Stockholm
  • Stockholm County
  • 102 40
  • Sweden

Listings


Biography

Catella AB (publ) is a real estate investment firm. The firm together with its subsidiaries, provides property advisory and investments, and fund management services in Europe. The company operates in two ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/09 19:12
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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 here.