Castellum AB (CAST) AI Stock Analysis

• Market Cap: kr55.37B
• Dividend Yield: 0.53%
• Average Volume (3M): 2.74M
• Price to Earnings (P/E): 22.6
• Beta (1Y): 0.71
• Revenue Growth: -0.59%
• EPS Growth: N/A
• Country: SE
• Employees: 535
• Sector: Real Estate
• Sector Strength: 69
• Industry: Real Estate - Development
• EPS (TTM): 2.00
• Shares Outstanding: 492,601,440
• 10 Day Avg. Volume: 3,498,739
• 30 Day Avg. Volume: 2,740,847
• PEG Ratio: -0.33
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 9.69
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr117.14
• Price Target Upside: 0.55% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 7

• Rating: 69 Neutral
• Price Target: kr128.00 ▲(9.87%Upside)

Castellum AB's overall stock score is primarily driven by its solid financial performance and robust cash flow management. The technical analysis presents mixed signals, with no strong momentum evident. Valuation is fairly attractive due to a high dividend yield, although the P/E ratio is moderate. The absence of earnings call insights and corporate events means these factors do not impact the score.

Castellum AB Business Overview & Revenue Model

Company Description

Castellum is one of Sweden's largest listed real estate companies with a property value of SEK 98 billion. We are active in 17 Swedish growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work in our premises. We develop flexible workplaces and logistics solutions in close proximity to city centers and with a lettable area of 4.3 million square meters. One of our sustainability goals is to be completely climate neutral by 2030. Castellum is the only Nordic real estate company selected by the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on the Nasdaq Stockholm Large Cap.

How the Company Makes Money

Castellum AB generates revenue primarily through leasing its extensive portfolio of commercial properties to tenants. The company's key revenue streams include rental income from office buildings, warehouses, logistics spaces, and public sector properties. Additionally, Castellum AB engages in the development and sale of properties, which provides another source of income. The company's earnings are supported by strategic partnerships with various stakeholders, including municipalities and private sector entities, which help in securing long-term leases and maintaining high occupancy rates. Castellum's focus on sustainable property management and innovation also enhances its market appeal, contributing to its financial success.

Castellum AB Financial Statement Overview

Summary

Castellum AB exhibits a solid financial performance with strong profitability margins and stable revenue growth. The balance sheet reflects balanced leverage and a strong equity position, though debt levels should be monitored. Cash flow performance is commendable with positive free cash flow trends and effective cash conversion ratios.

Income Statement

Castellum AB shows a stable revenue base with a modest growth in TTM compared to the previous year. The Gross Profit Margin is strong at approximately 68.7%, indicating efficient cost management. Net Profit Margin improved in TTM to 25.9% from 24.1% in the previous year, reflecting enhanced profitability. However, the EBIT and EBITDA margins show a slight decrease, which could suggest rising operational challenges.

Balance Sheet

The Debt-to-Equity Ratio stands at 0.71, suggesting moderate leverage and manageable debt levels. The Return on Equity (ROE) is approximately 3.2% in TTM, slightly underwhelming but stable. The Equity Ratio of 51.0% indicates a solid equity base relative to total assets, supporting financial stability. However, the high level of total debt relative to assets remains a potential risk.

Cash Flow

Cash flow management appears strong with a Free Cash Flow growth rate of 9.9% in TTM, highlighting solid operational cash generation. The Operating Cash Flow to Net Income Ratio is robust at 1.84, indicating efficient conversion of income into cash. The Free Cash Flow to Net Income Ratio is also healthy at 1.82, underscoring effective cash flow management despite capital expenditure needs.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
9.79B	9.78B	9.81B	8.99B	6.35B	6.00B
	Gross Profit
6.72B	6.67B	6.57B	5.76B	4.32B	4.32B
	EBIT
6.68B	6.79B	6.57B	1.14B	12.34B	8.04B
	EBITDA
5.41B	6.49B	-12.27B	1.30B	12.48B	8.13B
	Net Income Common Stockholders
2.54B	2.36B	-11.59B	1.75B	11.83B	5.62B
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
207.00M	2.40B	2.09B	858.00M	1.20B	161.00M
	Total Assets
154.71B	157.86B	159.34B	179.73B	177.63B	109.92B
	Total Debt
56.32B	60.10B	63.11B	78.44B	72.57B	46.61B
	Net Debt
56.11B	57.70B	61.02B	77.58B	71.37B	46.45B
	Total Liabilities
75.80B	78.69B	82.16B	100.75B	94.00B	61.67B
	Stockholders Equity
78.91B	79.17B	77.18B	78.98B	82.94B	48.24B
Cash Flow		Free Cash Flow
4.62B	4.20B	4.72B	5.13B	-14.63B	2.94B
	Operating Cash Flow
4.67B	4.30B	4.81B	4.30B	2.60B	2.94B
	Investing Cash Flow
-432.00M	46.00M	800.00M	-2.53B	-13.97B	-6.51B
	Financing Cash Flow
-4.67B	-4.07B	-4.38B	-2.16B	12.40B	3.55B

Castellum AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 116.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CAST, the sentiment is Negative. The current price of 116.5 is below the 20-day moving average (MA) of 118.12, above the 50-day MA of 113.88, and below the 200-day MA of 123.26, indicating a neutral trend. The MACD of 1.79 indicates Positive momentum. The RSI at 48.26 is Neutral, neither overbought nor oversold. The STOCH value of 50.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CAST.

Castellum AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAST	69 Neutral	kr55.37B	22.60	3.76%	0.53%	-0.59%	―
Sector *	61 Neutral	$2.83B	10.72	0.40%	6.10%	5.80%	-21.26%
0XPX		kr24.96B	74.30	0.87%	2.34%	―	―
0H2Z		kr75.52B	12.05	7.24%	―	―	―
0R7Y		kr29.33B	28.81	3.27%	1.12%	―	―
0A0I		kr28.59B	16.19	7.73%	3.40%	―	―
EFEA		€6.62B	―		―	―	―

Castellum AB Corporate Events

Castellum AB Calls for Extraordinary General Meeting to Shape Future Governance

Castellum AB has announced an Extraordinary General Meeting scheduled for July 18, 2025, where shareholders will discuss and vote on several key issues, including the election of new board members and the determination of board remuneration. This meeting is significant as it could influence the company’s strategic direction and governance, impacting stakeholders and potentially altering Castellum’s market positioning.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum Announces Change in Nomination Committee

Castellum AB has announced a change in its Nomination Committee, with attorney Charlotte Levin replacing Kerstin Engström as Akelius Apartments Ltd’s representative. This change is part of the company’s ongoing governance processes, potentially impacting its strategic direction and stakeholder engagement.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum Faces Board Reshuffle Amidst CEO Recruitment Pause

Castellum AB is facing significant changes in its board of directors as Louise Richnau and Stefan Ränk have announced their departure. This decision comes after Akelius Apartments Ltd requested an Extraordinary General Meeting to address board composition and remuneration, reflecting a lack of confidence in the current board’s handling of CEO recruitment. The recruitment process for a new CEO is temporarily paused, indicating potential disruptions in Castellum’s leadership and governance.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Moody’s Upgrades Castellum’s Credit Rating to Baa2

Moody’s has upgraded Castellum Aktiebolag’s long-term credit rating to Baa2 with a stable outlook, reflecting the company’s financial stability and robust business model. This upgrade is expected to enhance Castellum’s reputation in capital markets and improve its access to cost-efficient financing, reinforcing its industry positioning.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK130.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum to Develop Sustainable Logistics Facility Near Malmö

Castellum AB has announced the development of a 22,000-square metre warehouse and logistics facility in the Sunnanå district near Malmö, with construction set to begin in the third quarter of 2025. This strategic move aims to strengthen Castellum’s portfolio in the Warehouse/Light Industry segment, capitalizing on the Öresund region’s status as a key logistics hub. The facility will feature high standards of sustainability and energy efficiency, making it an attractive option for various logistics operations.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum Leases Property to Saab in Strategic Gothenburg Location

Castellum has signed a lease agreement with Saab for a property in Mölnlycke, Härryda Municipality, which will be adapted to accommodate Saab’s growing operations in radar and sensor systems. This strategic move highlights Castellum’s ability to attract significant national companies and reinforces the growing business community in the Gothenburg region, with occupancy expected by June 2026.

Castellum Initiates Share Buy-Back for Performance Program

Castellum Aktiebolag’s board has decided to repurchase up to 344,000 of its own shares to support its Performance Share Program 2025/2028 and manage potential social security contributions. This strategic move, authorized at the annual general meeting, aims to secure performance shares for program participants and will be executed on Nasdaq Stockholm by September 2025. This buy-back initiative underscores Castellum’s commitment to aligning shareholder interests and maintaining its market position.

Castellum Aktiebolag Annual Meeting Approves Dividend and Board Changes

At the Annual General Meeting, Castellum Aktiebolag approved the income statement and balance sheet for 2024, and declared a dividend of SEK 2.48 per share to be distributed in four installments. The meeting also re-elected members of the Board of Directors and introduced a new Investment and Sustainability Committee. Additionally, the Board was granted authority to issue new shares and manage acquisitions to optimize capital structure and support future investments.