Catena AB (publ)

OM:CATE Stock Report

Market Cap: SEK 28.6b

Catena Valuation

Is CATE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CATE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CATE (SEK473) is trading above our estimate of fair value (SEK390.11)

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

Key Valuation Metric

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

Key metric: As CATE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CATE. This is calculated by dividing CATE's market cap by their current earnings.
What is CATE's PE Ratio?
PE Ratio20.2x
EarningsSEK 1.41b
Market CapSEK 28.55b

Price to Earnings Ratio vs Peers

How does CATE's PE Ratio compare to its peers?

The above table shows the PE ratio for CATE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average40.6x
WIHL Wihlborgs Fastigheter
65x40.7%SEK 32.2b
NP3 NP3 Fastigheter
46.2x32.2%SEK 15.4b
SAGA A AB Sagax
27.3x3.4%SEK 80.4b
SLP B Swedish Logistic Property
23.8x20.4%SEK 10.1b
CATE Catena
20.2x11.8%SEK 28.6b

Price-To-Earnings vs Peers: CATE is good value based on its Price-To-Earnings Ratio (20.2x) compared to the peer average (40.6x).

Price to Earnings Ratio vs Industry

How does CATE's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AJA B Byggmästare Anders J Ahlström Holding
2.7xn/aUS$180.89m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
2x-1.3%US$50.53m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
CATE 20.2xIndustry Avg. 29.2xNo. of Companies6PE020406080100+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CATE is good value based on its Price-To-Earnings Ratio (20.2x) compared to the Swedish Real Estate industry average (28.9x).

Price to Earnings Ratio vs Fair Ratio

What is CATE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CATE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20.2x
Fair PE Ratio30.4x

Price-To-Earnings vs Fair Ratio: CATE is good value based on its Price-To-Earnings Ratio (20.2x) compared to the estimated Fair Price-To-Earnings Ratio (30.4x).

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 CATE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 473.00
SEK 566.00
+19.7%
10.7%SEK 640.00SEK 460.00n/a5
Dec ’25SEK 489.00
SEK 576.00
+17.8%
11.4%SEK 640.00SEK 460.00n/a5
Nov ’25SEK 489.00
SEK 576.00
+17.8%
11.4%SEK 640.00SEK 460.00n/a5
Oct ’25SEK 580.00
SEK 574.00
-1.0%
11.3%SEK 660.00SEK 460.00n/a5
Sep ’25SEK 570.00
SEK 590.50
+3.6%
2.7%SEK 612.00SEK 575.00n/a4
Aug ’25SEK 547.00
SEK 590.50
+8.0%
2.7%SEK 612.00SEK 575.00n/a4
Jul ’25SEK 529.00
SEK 542.50
+2.6%
4.7%SEK 575.00SEK 515.00n/a4
Jun ’25SEK 536.00
SEK 528.75
-1.4%
5.9%SEK 575.00SEK 490.00n/a4
May ’25SEK 487.00
SEK 528.75
+8.6%
5.9%SEK 575.00SEK 490.00n/a4
Apr ’25SEK 523.00
SEK 496.25
-5.1%
6.1%SEK 540.00SEK 455.00n/a4
Mar ’25SEK 434.20
SEK 479.25
+10.4%
3.7%SEK 500.00SEK 455.00n/a4
Feb ’25SEK 437.20
SEK 475.00
+8.6%
4.4%SEK 510.00SEK 455.00n/a4
Jan ’25SEK 471.40
SEK 441.25
-6.4%
4.3%SEK 465.00SEK 420.00n/a4
Dec ’24SEK 412.80
SEK 441.25
+6.9%
4.3%SEK 465.00SEK 420.00SEK 489.004
Nov ’24SEK 360.80
SEK 440.00
+22.0%
2.9%SEK 455.00SEK 425.00SEK 489.004
Oct ’24SEK 380.00
SEK 459.25
+20.9%
2.1%SEK 475.00SEK 450.00SEK 580.004
Sep ’24SEK 396.20
SEK 459.25
+15.9%
2.1%SEK 475.00SEK 450.00SEK 570.004
Aug ’24SEK 396.80
SEK 459.25
+15.7%
2.1%SEK 475.00SEK 450.00SEK 547.004
Jul ’24SEK 394.80
SEK 466.33
+18.1%
1.8%SEK 475.00SEK 455.00SEK 529.003
Jun ’24SEK 374.20
SEK 443.50
+18.5%
5.9%SEK 469.00SEK 400.00SEK 536.004
May ’24SEK 392.60
SEK 443.50
+13.0%
5.9%SEK 469.00SEK 400.00SEK 487.004
Apr ’24SEK 384.00
SEK 450.25
+17.3%
7.6%SEK 496.00SEK 400.00SEK 523.004
Mar ’24SEK 399.60
SEK 436.50
+9.2%
9.2%SEK 496.00SEK 400.00SEK 434.204
Feb ’24SEK 439.00
SEK 434.00
-1.1%
9.1%SEK 496.00SEK 400.00SEK 437.204
Jan ’24SEK 388.60
SEK 412.00
+6.0%
2.9%SEK 425.00SEK 400.00SEK 471.404
Dec ’23SEK 367.80
SEK 409.50
+11.3%
3.6%SEK 425.00SEK 390.00SEK 412.804

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 06:05
End of Day Share Price 2024/12/30 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Catena AB (publ) is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Victor KrüegerABG Sundal Collier Sponsored
Paul MayBarclays
Paul MayBarclays