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Castellum

OM:CAST
Snowflake Description

Solid track record established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CAST
OM
SEK55B
Market Cap
  1. Home
  2. SE
  3. Real Estate
Company description

Castellum is one of the largest listed real estate companies in Sweden. The last earnings update was 38 days ago. More info.


Add to Portfolio Compare Print
  • Castellum is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
CAST Share Price and Events
7 Day Returns
2.3%
OM:CAST
2.4%
SE Real Estate
-1.2%
SE Market
1 Year Returns
23.5%
OM:CAST
30.1%
SE Real Estate
-2.6%
SE Market
CAST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Castellum (CAST) 2.3% 3% 11% 23.5% 55.3% 75.9%
SE Real Estate 2.4% 3% 11.3% 30.1% 39.2% 138.4%
SE Market -1.2% -4.8% -1.8% -2.6% 6% 14.3%
1 Year Return vs Industry and Market
  • CAST underperformed the Real Estate industry which returned 30.1% over the past year.
  • CAST outperformed the Market in Sweden which returned -2.6% over the past year.
Price Volatility
CAST
Industry
5yr Volatility vs Market

CAST Value

 Is Castellum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Castellum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Castellum.

OM:CAST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in SEK SEK 6.5097686956522
Payout Ratio Company Filings (2019-06-30) 2046.2%
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OM:CAST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.035 (1 + (1- 22%) (76.52%))
1.338
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.34
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.338 * 5.96%)
8.41%

Discounted Cash Flow Calculation for OM:CAST using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Castellum is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

OM:CAST Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= SEK6.51 / (8.41% - 0.43%)
SEK81.64
OM:CAST Discount to Share Price
Calculation Result
Value per share (SEK) From above. SEK81.64
Current discount Discount to share price of SEK200.00
= -1 x (SEK200.00 - SEK81.64) / SEK81.64
-145%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Castellum is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Castellum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Castellum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:CAST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in SEK SEK27.87
OM:CAST Share Price ** OM (2019-08-19) in SEK SEK200
Sweden Real Estate Industry PE Ratio Median Figure of 38 Publicly-Listed Real Estate Companies 8.4x
Sweden Market PE Ratio Median Figure of 322 Publicly-Listed Companies 15.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Castellum.

OM:CAST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:CAST Share Price ÷ EPS (both in SEK)

= 200 ÷ 27.87

7.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castellum is good value based on earnings compared to the SE Real Estate industry average.
  • Castellum is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Castellum's expected growth come at a high price?
Raw Data
OM:CAST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
-22.4%per year
Sweden Real Estate Industry PEG Ratio Median Figure of 21 Publicly-Listed Real Estate Companies -0.49x
Sweden Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

OM:CAST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 7.18x ÷ -22.4%

-0.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castellum earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Castellum's assets?
Raw Data
OM:CAST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in SEK SEK149.08
OM:CAST Share Price * OM (2019-08-19) in SEK SEK200
Sweden Real Estate Industry PB Ratio Median Figure of 43 Publicly-Listed Real Estate Companies 1.27x
Sweden Market PB Ratio Median Figure of 577 Publicly-Listed Companies 2.57x
OM:CAST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:CAST Share Price ÷ Book Value per Share (both in SEK)

= 200 ÷ 149.08

1.34x

* Primary Listing of Castellum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castellum is overvalued based on assets compared to the SE Real Estate industry average.
X
Value checks
We assess Castellum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Castellum has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CAST Future Performance

 How is Castellum expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-22.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Castellum expected to grow at an attractive rate?
  • Castellum's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Castellum's earnings are expected to decrease over the next 1-3 years, this is below the Sweden market average.
  • Castellum's revenue growth is positive but not above the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:CAST Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:CAST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts -22.4%
OM:CAST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 3.6%
Sweden Real Estate Industry Earnings Growth Rate Market Cap Weighted Average -15%
Sweden Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.2%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OM:CAST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:CAST Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 6,407 3,112 2,663 1
2021-12-31 6,204 3,236 3,052 6
2020-12-31 6,000 2,913 3,527 7
2019-12-31 5,748 2,759 4,511 6
OM:CAST Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-06-30 5,708 2,694 7,614
2019-03-31 5,658 2,885 8,029
2018-12-31 5,577 2,485 7,453
2018-09-30 5,457 2,845 7,503
2018-06-30 5,359 2,291 5,654
2018-03-31 5,230 1,436 5,215
2017-12-31 5,182 2,243 5,876
2017-09-30 5,233 1,977 5,905
2017-06-30 5,289 1,991 6,775
2017-03-31 4,982 2,840 5,821
2016-12-31 4,533 2,260 4,972
2016-09-30 4,016 1,903 3,751

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Castellum's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Castellum's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OM:CAST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Castellum Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAST Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 9.75 9.75 9.75 1.00
2021-12-31 11.17 15.35 9.38 4.00
2020-12-31 13.62 17.38 9.15 5.00
2019-12-31 16.52 19.82 13.70 4.00
OM:CAST Past Financials Data
Date (Data in SEK Millions) EPS *
2019-06-30 27.87
2019-03-31 29.39
2018-12-31 27.28
2018-09-30 27.46
2018-06-30 20.70
2018-03-31 19.09
2017-12-31 21.51
2017-09-30 21.61
2017-06-30 24.77
2017-03-31 22.78
2016-12-31 21.20
2016-09-30 17.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Castellum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Castellum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Castellum has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CAST Past Performance

  How has Castellum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Castellum's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Castellum has delivered over 20% year on year earnings growth in the past 5 years.
  • Castellum's 1-year earnings growth exceeds its 5-year average (34.7% vs 33.9%)
  • Castellum's earnings growth has exceeded the SE Real Estate industry average in the past year (34.7% vs 10.5%).
Earnings and Revenue History
Castellum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Castellum Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:CAST Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 5,708.00 7,614.00 174.00
2019-03-31 5,658.00 8,029.00 164.00
2018-12-31 5,577.00 7,453.00 158.00
2018-09-30 5,457.00 7,503.00 161.00
2018-06-30 5,359.00 5,654.00 163.00
2018-03-31 5,230.00 5,215.00 165.00
2017-12-31 5,182.00 5,876.00 162.00
2017-09-30 5,233.00 5,905.00 153.00
2017-06-30 5,289.00 6,775.00 158.00
2017-03-31 4,982.00 5,821.00 154.00
2016-12-31 4,533.00 4,972.00 143.00
2016-09-30 4,016.00 3,751.00 135.00
2016-06-30 3,489.00 2,326.00 120.00
2016-03-31 3,353.00 3,007.00 116.00
2015-12-31 3,299.00 2,881.00 113.00
2015-09-30 3,271.00 2,059.00 111.00
2015-06-30 3,272.00 2,050.00 113.00
2015-03-31 3,299.00 1,491.00 111.00
2014-12-31 3,318.00 1,211.00 108.00
2014-09-30 3,314.00 1,075.00 108.00
2014-06-30 3,290.00 1,365.00 103.00
2014-03-31 3,255.00 1,475.00 101.00
2013-12-31 3,249.00 1,707.00 96.00
2013-09-30 3,219.00 2,164.00 94.00
2013-06-30 3,174.00 1,795.00 95.00
2013-03-31 3,134.00 1,514.00 91.00
2012-12-31 3,073.00 1,473.00 93.00
2012-09-30 3,023.00 706.00 86.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Castellum has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Castellum used its assets more efficiently than the SE Real Estate industry average last year based on Return on Assets.
  • Castellum has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Castellum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Castellum has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CAST Health

 How is Castellum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Castellum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Castellum's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Castellum's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Castellum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Castellum Company Filings, last reported 1 month ago.

OM:CAST Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 40,727.00 40,943.00 157.00
2019-03-31 39,457.00 41,343.00 150.00
2018-12-31 39,749.00 41,381.00 243.00
2018-09-30 37,371.00 41,823.00 51.00
2018-06-30 34,847.00 41,315.00 84.00
2018-03-31 33,053.00 40,358.00 34.00
2017-12-31 33,736.00 39,578.00 203.00
2017-09-30 31,343.00 39,512.00 258.00
2017-06-30 30,554.00 38,644.00 323.00
2017-03-31 29,294.00 37,755.00 304.00
2016-12-31 29,234.00 40,049.00 257.00
2016-09-30 26,744.00 41,561.00 391.00
2016-06-30 25,089.00 41,281.00 425.00
2016-03-31 15,556.00 23,921.00 150.00
2015-12-31 15,768.00 21,513.00 39.00
2015-09-30 14,514.00 21,979.00 105.00
2015-06-30 14,288.00 21,685.00 55.00
2015-03-31 13,340.00 21,238.00 73.00
2014-12-31 13,649.00 19,803.00 47.00
2014-09-30 13,207.00 21,949.00 174.00
2014-06-30 12,994.00 21,857.00 177.00
2014-03-31 12,601.00 21,583.00 185.00
2013-12-31 13,127.00 20,164.00 70.00
2013-09-30 12,822.00 20,342.00 176.00
2013-06-30 12,322.00 20,709.00 59.00
2013-03-31 11,820.00 20,705.00 18.00
2012-12-31 12,065.00 20,199.00 44.00
2012-09-30 11,304.00 19,544.00 14.00
  • Castellum's level of debt (100.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (168.2% vs 100.5% today).
  • Debt is not well covered by operating cash flow (6.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4x coverage).
X
Financial health checks
We assess Castellum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Castellum has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CAST Dividends

 What is Castellum's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.05%
Current annual income from Castellum dividends. Estimated to be 3.25% next year.
If you bought SEK2,000 of Castellum shares you are expected to receive SEK61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Castellum's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.97%).
  • Castellum's dividend is below the markets top 25% of dividend payers in Sweden (4.54%).
Upcoming dividend payment

Purchase Castellum before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OM:CAST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Sweden Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 2.1%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.7%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.3%
Sweden Bottom 25% Dividend Yield 25th Percentile 2%
Sweden Top 25% Dividend Yield 75th Percentile 4.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:CAST Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 6.60 1.00
2021-12-31 6.68 7.00
2020-12-31 6.54 8.00
2019-12-31 6.29 7.00
OM:CAST Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2019-02-04 6.100 3.376
2019-01-23 6.100 3.606
2018-03-22 5.300 3.470
2016-01-20 4.900 3.957
2015-03-19 4.600 3.729
2014-01-22 4.250 3.668
2013-01-22 3.950 4.120
2012-02-03 3.700 4.237
2012-01-24 3.700 4.201
2011-02-03 3.600 4.081
2011-01-25 3.600 4.005
2010-01-20 3.500 4.610
2009-02-18 3.150 5.433

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Castellum's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Castellum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Castellum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Castellum has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CAST Management

 What is the CEO of Castellum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Henrik Saxborn
AGE 55
TENURE AS CEO 6.4 years
CEO Bio

Mr. Henrik Saxborn has been the Chief Executive Officer of Castellum AB (publ) since March 21, 2013. Mr. Saxborn served as Deputy Chief Executive Officer of Castellum AB (publ) from 2006 to March 21, 2013 and was responsible for business development. He served as Vice Managing Director of Castellum AB since February 2006. He is a Civil Engineer and has experience in management and acquisitions of properties. He holds an Master of Science Degree.

CEO Compensation
  • Insufficient data for Henrik to compare compensation growth.
  • Insufficient data for Henrik to establish whether their remuneration is reasonable compared to companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Castellum management team in years:

1.6
Average Tenure
48
Average Age
  • The average tenure for the Castellum management team is less than 2 years, this suggests a new team.
Management Team

Henrik Saxborn

TITLE
Chief Executive Officer
AGE
55
TENURE
6.4 yrs

Ulrika Danielsson

TITLE
Chief Financial Officer
AGE
47
TENURE
13.6 yrs

Carola Lavén

TITLE
Deputy CEO & Investment Director
AGE
47

Anna-Karin Nyman

TITLE
Corporate Communications Director
TENURE
0.8 yrs

Olof Gertz

TITLE
Senior Vice President of Human Resources
AGE
56
TENURE
1.5 yrs

Claes Junefelt

TITLE
Head of Project Development - Central Region
AGE
59

Ola Orsmark

TITLE
Managing Director of Region Öresund
AGE
48
TENURE
3.1 yrs

Filip Elland

TITLE
Head of Sustainability

Per Gawelin

TITLE
Managing Director of Central Region
AGE
41
TENURE
1.6 yrs

Mariette Hilmersson

TITLE
Managing Director of Region West
AGE
48
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Castellum board of directors in years:

7.4
Average Tenure
60
Average Age
  • The tenure for the Castellum board of directors is about average.
Board of Directors

Charlotte Strömberg

TITLE
Chairman of the Board
AGE
60
TENURE
7.4 yrs

Nina Linander

TITLE
Director
AGE
60
TENURE
5.4 yrs

Per Berggren

TITLE
Director
AGE
60
TENURE
12.6 yrs

Christer Jacobson

TITLE
Director
AGE
73
TENURE
13.6 yrs

Johan Skoglund

TITLE
Director
AGE
57
TENURE
9.4 yrs

Anna-Karin Hatt

TITLE
Director
AGE
47
TENURE
4.4 yrs

Christina Kazeem

TITLE
Director
AGE
54
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
02. Mar 19 Buy Ola Orsmark Individual 01. Mar 19 01. Mar 19 1,800 SEK167.50 SEK301,500
04. Feb 19 Buy Henrik Saxborn Individual 04. Feb 19 04. Feb 19 2,000 SEK170.70 SEK341,400
01. Feb 19 Sell Christer Jacobson Individual 31. Jan 19 31. Jan 19 -20,000 SEK170.68 SEK-3,413,600
29. Jan 19 Sell Christer Jacobson Individual 29. Jan 19 29. Jan 19 -10,000 SEK169.11 SEK-1,691,100
X
Management checks
We assess Castellum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Castellum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CAST News

Simply Wall St News

Should You Expect Castellum AB (STO:CAST) To Continue Delivering An ROE Of 15.78%?

and want to learn about Return on Equity using a real-life example. … Castellum AB (STO:CAST) performed in-line with its real estate operating companies industry on the basis of its ROE – producing a return of15.78% relative to the peer average of 15.72% over the past 12 months. … However, ROE only measures returns against equity, not debt

Simply Wall St -

Should You Be Concerned About Castellum AB's (STO:CAST) Earnings Growth?

After reading Castellum AB's (STO:CAST) most recent earnings announcement (31 March 2018), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … As a long term investor, I pay close attention to earnings trend, rather than the figures published at one point in time. … CAST's trailing twelve-month earnings (from 31 March 2018) of kr5.22b has

Simply Wall St -

What Do Expectations Tell Us About Castellum AB's (OM:CAST) Margins In The Future?

Castellum AB's (OM:CAST) … steady outlook for net income … growth of 0.51% annualised

Simply Wall St -

What Should You Know About Castellum AB's (STO:CAST) Future Margins?

Margin Calculation for CAST Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 5.22 Billion ÷ 5.23 Billion = 99.71% Castellum's margin has expanded in the past five years, as a result of 28.83% in average net income growth surpassing a 9.38% average growth in revenue, which suggests that the company has been able to convert a larger percentage of revenue into net income whilst grow their top line at the same time. … Understanding what could be driving Castellum's future earnings It is expected that margins will reverse its previous trend and start to contract, with an expectation of 4.43% in annual revenue growth and 0.60% earnings growth expected annually. … Thus, it is essential to run your own analysis on Castellum's future expectations whilst maintaining a watchful eye over the likelihood and sustainability of the top line performance that is expected to drive earnings growth.

Simply Wall St -

What Should We Expect From Castellum AB's (STO:CAST) Earnings Over The Next Few Years?

In December 2017, Castellum AB (OM:CAST) announced its latest earnings update, which revealed that the business benefited from a robust tailwind, leading to a double-digit earnings growth of 18.18%. … Investors may find it useful to understand how market analysts perceive Castellum's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … View our latest analysis for Castellum Market analysts' consensus outlook for the coming year seems pessimistic, with earnings falling by a double-digit -57.54%.

Simply Wall St -

How Did Castellum AB's (STO:CAST) 17.42% ROE Fare Against The Industry?

Check out our latest analysis for Castellum What you must know about ROE Return on Equity (ROE) weighs Castellum’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of Castellum’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity OM:CAST Last Perf Mar 19th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses.

Simply Wall St -

CAST Company Info

Description

Castellum is one of the largest listed real estate companies in Sweden. Property values amount to SEK 89.2 billion and holdings comprise office, warehousing/ logistics and public sector properties, covering a total leasable area of 4.2 million square metres. The real estate portfolio is owned and managed under the Castellum brand through a decentralized organization with strong and clear local presence in 20 cities in Sweden and also in Copenhagen and Helsinki. In 2018, Castellum received two awards for sustainability efforts; designated Number One in the world by GRESB for the offices-and-logistics sector, as well as the Level Gold award for sustainability reporting from the EPRA (European Public Real Estate Association). In addition, Castellum is the only Nordic real-estate and construction company elected to the Dow Jones Sustainability Index (DJSI), joining a select group of companies in the world who perform best on sustainability issues.The Castellum share is listed on Nasdaq Stockholm Large Cap.

Details
Name: Castellum AB
CAST
Exchange: OM
Founded:
SEK54,640,233,200
273,201,166
Website: http://www.castellum.se
Address: Castellum AB
Östra Hamngatan 16,
Gothenburg,
Västra Götaland County, Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM CAST Registered Class A Shares OMX Nordic Exchange Stockholm SE SEK 23. May 1997
OTCPK CWQX.F Registered Class A Shares Pink Sheets LLC US USD 23. May 1997
DB TEX Registered Class A Shares Deutsche Boerse AG DE EUR 23. May 1997
LSE 0GT1 Registered Class A Shares London Stock Exchange GB SEK 23. May 1997
BATS-CHIXE CASTS Registered Class A Shares BATS 'Chi-X Europe' GB SEK 23. May 1997
OTCPK CWQX.Y UNSPONSORD ADR Pink Sheets LLC US USD 08. Dec 2008
Number of employees
Current staff
Staff numbers
0
Castellum employees.
Industry
Real Estate Operating Companies
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 20:52
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/08/13
Last earnings filing: 2019/07/12
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.