OM:CAT B

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Good value with proven track record.

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 +/- 5% a week.

Volatility Over Time: CAT B's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-2.1%

CAT B

-3.8%

SE Capital Markets

-0.4%

SE Market


1 Year Return

-1.3%

CAT B

61.3%

SE Capital Markets

13.2%

SE Market

Return vs Industry: CAT B underperformed the Swedish Capital Markets industry which returned 61.4% over the past year.

Return vs Market: CAT B underperformed the Swedish Market which returned 13.3% over the past year.


Shareholder returns

CAT BIndustryMarket
7 Day-2.1%-3.8%-0.4%
30 Day2.2%8.8%3.9%
90 Day24.4%11.9%7.8%
1 Year-1.3%-1.3%63.6%61.3%16.3%13.2%
3 Year55.0%42.0%99.4%83.9%45.1%27.8%
5 Year71.9%47.1%157.1%117.5%83.9%44.8%

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?

21.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CAT B (SEK27.5) is trading below our estimate of fair value (SEK35.2)

Significantly Below Fair Value: CAT B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CAT B is good value based on its PE Ratio (11.3x) compared to the SE Capital Markets industry average (27.1x).

PE vs Market: CAT B is good value based on its PE Ratio (11.3x) compared to the Swedish market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: CAT B's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CAT B is overvalued based on its PB Ratio (1.6x) compared to the SE Capital Markets industry average (1.3x).


Next Steps

Future Growth

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

-15.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CAT B's earnings are forecast to decline over the next 3 years (-15.4% per year).

Earnings vs Market: CAT B's earnings are forecast to decline over the next 3 years (-15.4% per year).

High Growth Earnings: CAT B's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CAT B's revenue is expected to decline over the next 3 years (-1.3% per year).

High Growth Revenue: CAT B's revenue is forecast to decline over the next 3 years (-1.3% 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 (8%).


Next Steps

Past Performance

How has Catella performed over the past 5 years?

-25.5%

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 (8.7%) are higher than last year (1%).


Past Earnings Growth Analysis

Earnings Trend: CAT B's earnings have declined by 25.5% per year over the past 5 years.

Accelerating Growth: CAT B's earnings growth over the past year (802.5%) exceeds its 5-year average (-25.5% per year).

Earnings vs Industry: CAT B earnings growth over the past year (802.5%) exceeded the Capital Markets industry 106.2%.


Return on Equity

High ROE: CAT B's Return on Equity (13.7%) is considered low.


Next Steps

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 (SEK834.0M).

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 (71.6%) is considered high.

Reducing Debt: CAT B's debt to equity ratio has reduced from 146.4% to 71.6% over the past 5 years.

Debt Coverage: CAT B's debt is not well covered by operating cash flow (13.3%).

Interest Coverage: CAT B's interest payments on its debt are well covered by EBIT (10.3x coverage).


Balance Sheet


Next Steps

Dividend

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

2.97%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CAT B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CAT B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CAT B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CAT B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CAT B is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CAT B's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

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

6.7yrs

Average board tenure


CEO

Per Claesson (69 yo)

0.67

Tenure

kr710,000

Compensation

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


Board Members

NamePositionTenureCompensationOwnership
Per Claesson
Acting CEO0.67yrkr710.00kno data
François Brisset
President of Catella Asset Management and Chairman of Catella Asset Managementno datano datano data
Jan Roxendal
Acting Independent Chairman of the Board0.67yrkr510.00k0.15%
SEK 3.6m
Joachim Gahm
Independent Director6.67yrskr379.00kno data
Johan Damne
Director6.92yrskr350.00k0.17%
SEK 4.1m
Anna Ramel
Independent Director6.67yrskr450.00kno data
Tobias Alsborger
Director0.67yrno datano data

6.7yrs

Average Tenure

57yo

Average Age

Experienced Board: CAT B's board of directors are considered experienced (6.7 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: kr2.431b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CAT BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKDec 1992
CAT AOM (OMX Nordic Exchange Stockholm)Class A SharesSESEKDec 1992
0RL3LSE (London Stock Exchange)Class A SharesGBSEKDec 1992
0RL4LSE (London Stock Exchange)YesClass B SharesGBSEKDec 1992
SKVBDB (Deutsche Boerse AG)YesClass B SharesDEEURDec 1992

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 Analysis2021/01/16 19:25
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.