OM:CTM

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Catena Media plc, together with its subsidiaries, operates as an online lead generation company within iGaming and financial services sectors. More Details


Snowflake Analysis

Fair value with imperfect balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: CTM is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CTM's weekly volatility has decreased from 15% to 9% over the past year.


Market Performance


7 Day Return

-22.2%

CTM

-0.7%

SE Interactive Media and Services

1.4%

SE Market


1 Year Return

-37.5%

CTM

9.6%

SE Interactive Media and Services

18.2%

SE Market

Return vs Industry: CTM underperformed the Swedish Interactive Media and Services industry which returned 9.6% over the past year.

Return vs Market: CTM underperformed the Swedish Market which returned 18.2% over the past year.


Shareholder returns

CTMIndustryMarket
7 Day-22.2%-0.7%1.4%
30 Day-20.4%-2.5%4.2%
90 Day-17.2%-1.8%7.9%
1 Year-37.5%-37.5%11.0%9.6%19.9%18.2%
3 Year-67.4%-67.4%-36.9%-40.2%41.1%25.9%
5 Yearn/a58.6%53.1%62.8%31.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

49.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTM (SEK29.3) is trading below our estimate of fair value (SEK56.47)

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


Price To Earnings Ratio

PE vs Industry: CTM is unprofitable, so we can't compare its PE Ratio to the XE Interactive Media and Services industry average.

PE vs Market: CTM is unprofitable, so we can't compare its PE Ratio to the Swedish market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CTM is good value based on its PB Ratio (0.8x) compared to the SE Interactive Media and Services industry average (3x).


Next Steps

Future Growth

How is Catena Media forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

22.7%

Forecasted Media industry annual growth in earnings


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CTM's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if CTM's earnings are forecast to grow faster than the Swedish market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if CTM's revenue is forecast to grow faster than the Swedish market.

High Growth Revenue: Insufficient data to determine if CTM's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CTM's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Catena Media performed over the past 5 years?

-15.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTM is currently unprofitable.

Growing Profit Margin: CTM is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CTM is unprofitable, and losses have increased over the past 5 years at a rate of 15.9% per year.

Accelerating Growth: Unable to compare CTM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CTM is unprofitable, making it difficult to compare its past year earnings growth to the Interactive Media and Services industry (42.5%).


Return on Equity

High ROE: CTM has a negative Return on Equity (-11.2%), as it is currently unprofitable.


Next Steps

Financial Health

How is Catena Media's financial position?


Financial Position Analysis

Short Term Liabilities: CTM's short term assets (€65.6M) exceed its short term liabilities (€21.5M).

Long Term Liabilities: CTM's short term assets (€65.6M) do not cover its long term liabilities (€103.2M).


Debt to Equity History and Analysis

Debt Level: CTM's debt to equity ratio (46.4%) is considered high.

Reducing Debt: Insufficient data to determine if CTM's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CTM's debt is well covered by operating cash flow (42.3%).

Interest Coverage: CTM is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Catena Media current dividend yield, its reliability and sustainability?

4.39%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CTM'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 CTM's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CTM'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?

2.8yrs

Average management tenure


CEO

Per Hellberg (52 yo)

2.42yrs

Tenure

€578,000

Compensation

Mr. Per Hellberg serves as the Chief Executive Officer of Catena Media plc since June 4, 2018. Mr. Hellberg served as the Chief Executive Officer of Readly International AB and Readly AB since 2013. Mr. He...


CEO Compensation Analysis

Compensation vs Market: Per's total compensation ($USD685.48K) is above average for companies of similar size in the Swedish market ($USD415.75K).

Compensation vs Earnings: Per's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Per Hellberg
Chief Executive Officer2.42yrs€578.00k0.11%
€ 2.1m
Peter Messner
Group Chief Financial Officer0.58yrno datano data
Åsa Hillsten
Head of IR & Corporate Communications2.83yrsno data0.0015%
€ 27.9k
Louise Wendel
Head of Legal4.17yrsno datano data
Klas Winberg
Vice President Sales & Marketingno datano datano data
Fiona Ewins-Brown
Chief Human Resource Officer5.17yrsno data0.11%
€ 2.1m
Jan Steffen
Head of BayBetsno datano datano data
Hamish Brown
Vice President – Casinono datano datano data
Nigel Frith
Vice President – Financial Servicesno datano datano data

2.8yrs

Average Tenure

47.5yo

Average Age

Experienced Management: CTM's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Goran Blomberg
Independent Chairman0.50yr€30.80k0.28%
€ 5.3m
Adam Krejcik
Independent Director0.50yrno datano data
Oystein Engebretsen
Independent Director2.17yrs€43.50k0.067%
€ 1.3m
Marcus Lindqvist
Independent Director0.50yrno datano data
Per Widerstrom
Independent Director1.5yrs€28.70k0.069%
€ 1.3m
Theodore Bergqvist
Independent Director1.5yrs€26.70k0.0037%
€ 69.8k

1.0yrs

Average Tenure

50yo

Average Age

Experienced Board: CTM's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.9%.


Top Shareholders

Company Information

Catena Media plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Catena Media plc
  • Ticker: CTM
  • Exchange: OM
  • Founded: 2008
  • Industry: Interactive Media and Services
  • Sector: Media
  • Market Cap: kr1.908b
  • Shares outstanding: 68.29m
  • Website: https://www.catenamedia.com

Number of Employees


Location

  • Catena Media plc
  • Quantum Place
  • Triq ix-Xatt
  • Gzira
  • GZR 1052
  • Malta

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTMOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKFeb 2016
97CDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2016
0RUELSE (London Stock Exchange)YesOrdinary SharesGBSEKFeb 2016
CTTM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2016
CTMSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKFeb 2016

Biography

Catena Media plc, together with its subsidiaries, operates as an online lead generation company within iGaming and financial services sectors. It operates through three segments: Casino, Sports and Financi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 21:12
End of Day Share Price2020/11/23 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.