Catella AB (publ), together with its subsidiaries, provides property advisory and investments, fund management, and banking services in Europe.
+ 1 more risk
Good value with moderate growth potential.
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's share price has been volatile over the past 3 months.
7 Day Return
SE Capital Markets
1 Year Return
SE Capital Markets
Return vs Industry: CAT B underperformed the Swedish Capital Markets industry which returned 4.5% over the past year.
Return vs Market: CAT B underperformed the Swedish Market which returned -13.2% over the past year.
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
2 weeks ago | Simply Wall StWhat Is Catella's (STO:CAT B) P/E Ratio After Its Share Price Tanked?
4 weeks ago | Simply Wall StHave Insiders Been Buying Catella AB (publ) (STO:CAT B) Shares?
1 month ago | Simply Wall StDoes Catella AB (publ)'s (STO:CAT B) CEO Pay Reflect Performance?
Is Catella undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CAT B (SEK16.4) is trading below our estimate of fair value (SEK50.95)
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 poor value based on its PE Ratio (20.8x) compared to the Capital Markets industry average (17x).
PE vs Market: CAT B is poor value based on its PE Ratio (20.8x) compared to the Swedish market (14.6x).
Price to Earnings Growth Ratio
PEG Ratio: CAT B is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: CAT B is good value based on its PB Ratio (0.9x) compared to the SE Capital Markets industry average (1.7x).
How is Catella forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CAT B's forecast earnings growth (23.8% per year) is above the savings rate (-0.4%).
Earnings vs Market: CAT B's earnings (23.8% per year) are forecast to grow faster than the Swedish market (8.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CAT B's revenue (4% per year) is forecast to grow slower than the Swedish market (4.1% per year).
High Growth Revenue: CAT B's revenue (4% 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 (14.4%).
How has Catella performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CAT B has a high level of non-cash earnings.
Growing Profit Margin: CAT B's current net profit margins (2.9%) are lower than last year (5.8%).
Past Earnings Growth Analysis
Earnings Trend: CAT B's earnings have declined by -16% per year over the past 5 years.
Accelerating Growth: CAT B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CAT B had negative earnings growth (-46%) over the past year, making it difficult to compare to the Capital Markets industry average (6%).
Return on Equity
High ROE: CAT B's Return on Equity (8.5%) is considered low.
How is Catella's financial position?
Financial Position Analysis
Short Term Liabilities: CAT B's short term assets (SEK2.8B) exceed its short term liabilities (SEK1.1B).
Long Term Liabilities: CAT B's short term assets (SEK2.8B) exceed its long term liabilities (SEK1.2B).
Debt to Equity History and Analysis
Debt Level: CAT B's debt to equity ratio (55.3%) is considered high.
Reducing Debt: CAT B's debt to equity ratio has reduced from 196.6% to 55.3% over the past 5 years.
Debt Coverage: CAT B's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: CAT B's interest payments on its debt are well covered by EBIT (11.9x coverage).
What is Catella's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CAT B's dividend (5.49%) is higher than the bottom 25% of dividend payers in the Swedish market (2.14%).
High Dividend: CAT B's dividend (5.49%) is low compared to the top 25% of dividend payers in the Swedish market (6.45%).
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (114.2%), CAT B's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CAT B's dividends in 3 years are forecast to be covered by earnings (57.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Knut Pedersen (51yo)
Mr. Knut Pedersen serves as Director of Catella Bank S.A and serves as its Chief Executive Officer and President since January 2014. Mr. Pedersen has been the Chief Executive Officer and President of Catel ...
CEO Compensation Analysis
Compensation vs Market: Knut's total compensation ($USD520.20K) is above average for companies of similar size in the Swedish market ($USD209.46K).
Compensation vs Earnings: Knut's compensation has been consistent with company performance over the past year.
|Principal Owner & Chairman||9.25yrs||kr663.00k||2.71% SEK40.9m|
|President of Catella Asset Management and Chairman of Catella Asset Management||no data||no data||no data|
|Independent Director||9.25yrs||kr555.00k||0.15% SEK2.3m|
|Independent Director||5.92yrs||kr297.00k||no data|
|Independent Director||5.92yrs||kr483.00k||no data|
Experienced Board: CAT B's board of directors are considered experienced (6.2 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.5%.
Catella AB (publ)'s company bio, employee growth, exchange listings and data sources
- Name: Catella AB (publ)
- Ticker: CAT B
- Exchange: OM
- Founded: 1961
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: kr1.511b
- Shares outstanding: 86.28m
- Website: https://www.catella.com
Number of Employees
- Catella AB (publ)
- Birger Jarlsgatan 6
- PO Box 5894
- Stockholm County
- 102 40
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|CAT B||OM (OMX Nordic Exchange Stockholm)||Yes||Class B Shares||SE||SEK||Dec 1992|
|CAT A||OM (OMX Nordic Exchange Stockholm)||Class A Shares||SE||SEK||Dec 1992|
|0RL3||LSE (London Stock Exchange)||Class A Shares||GB||SEK||Dec 1992|
|0RL4||LSE (London Stock Exchange)||Yes||Class B Shares||GB||SEK||Dec 1992|
|SKVB||DB (Deutsche Boerse AG)||Yes||Class B Shares||DE||EUR||Dec 1992|
Catella AB (publ), together with its subsidiaries, provides property advisory and investments, fund management, and banking services in Europe. The company operates through Corporate Finance, and Asset Management and Banking segments. It offers corporate finance, strategic, and transaction advisory services, as well as capital market-related services to real estate companies, financial institutions, property funds, and other property owners. The company also provides property investment management, property funds, and property asset management services, as well as project management services where the company identifies land and property development opportunities, and arrange project financing. In addition, it offers wealth management services, including a range of financial services and tailored solutions for high net worth individuals, as well as card and payment solutions to international banks and online merchants; and equity, hedge, and fixed income funds, as well as systematic funds. The company was formerly known as Scribona AB (publ) and changed its name to Catella AB (publ) in 2010. Catella AB (publ) was incorporated in 1961 and is headquartered in Stockholm, Sweden.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/08 20:42|
|End of Day Share Price||2020/04/08 00:00|
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.