Catella AB Class B (SE:CAT.B)
:CAT.B
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Catella AB Class B
(CAT.B)
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Rating:53Neutral
Price Target:
kr22.50
▼(-19.64% Downside)
Action:ReiteratedDate:03/02/26
The score is driven primarily by moderate financial performance (stronger 2025 cash flow and improved leverage) but is held back by volatile/low profitability and a weak technical setup (price below key moving averages with negative momentum). Valuation is also a headwind due to a high P/E, partially offset by the dividend yield.
Positive Factors
Improved leverage
A materially lower debt-to-equity (~1.37 to ~0.81) strengthens financial flexibility and reduces interest burden, enabling Catella to fund mandates, absorb shocks, and pursue selective principal investments without immediate refinancing risk. This supports steadier operations and capital allocation over months.
Negative Factors
Volatile revenue & profitability
Choppy top-line performance and a sharp 2025 revenue decline reflect transaction sensitivity in real-estate advisory and AUM volatility. Persistent revenue swings undermine predictability of fee income and make budgeting, AUM growth planning, and long-term margin recovery harder to rely upon over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
A materially lower debt-to-equity (~1.37 to ~0.81) strengthens financial flexibility and reduces interest burden, enabling Catella to fund mandates, absorb shocks, and pursue selective principal investments without immediate refinancing risk. This supports steadier operations and capital allocation over months.
Read all positive factors
Catella AB Class B (CAT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.99B
Dividend Yield3.3%
Average Volume (3M)95.15K
Price to Earnings (P/E)53.0
Beta (1Y)0.63
Revenue Growth-10.23%
EPS Growth83.22%
CountrySE
Employees397
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)-0.69
Shares Outstanding86,009,130
10 Day Avg. Volume100,398
30 Day Avg. Volume95,148
Financial Highlights & Ratios
PEG Ratio0.90
Price to Book (P/B)1.34
Price to Sales (P/S)1.23
P/FCF Ratio2.58
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.61
Revenue Forecast (FY)kr1.74B
Catella AB Class B Business Overview & Revenue Model
Company Description
Catella AB (publ) is a real estate investment firm. The firm together with its subsidiaries, provides property advisory and investments, and fund management services in Europe. The company operates in two segments, Corporate Finance and Asset Mana...
How the Company Makes Money
Catella AB generates revenue primarily through management fees from its investment and property management services. The company earns a significant portion of its income by managing real estate funds and investment portfolios for clients, chargin...
Catella AB Class B Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.07B | 2.21B | 2.02B | 2.51B | 1.73B |
| Gross Profit | 1.19B | 561.00M | 303.00M | 1.59B | 996.00M |
| EBITDA | 301.00M | 322.00M | 270.00M | 985.00M | 402.00M |
| Net Income | 48.00M | 30.00M | -21.00M | 491.00M | 174.00M |
Balance Sheet | |||||
| Total Assets | 4.14B | 5.55B | 5.44B | 6.32B | 5.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.69B | 876.00M | 718.00M | 1.76B | 1.45B |
| Total Debt | 1.47B | 2.73B | 2.54B | 2.88B | 2.68B |
| Total Liabilities | 2.22B | 3.51B | 3.41B | 3.89B | 3.62B |
| Stockholders Equity | 1.89B | 2.00B | 1.99B | 2.17B | 1.69B |
Cash Flow | |||||
| Free Cash Flow | 986.00M | 90.00M | -156.00M | 116.00M | -45.00M |
| Operating Cash Flow | 1.01B | 116.00M | -130.00M | 140.00M | -31.00M |
| Investing Cash Flow | 76.00M | 27.00M | -315.00M | -11.00M | -1.52B |
| Financing Cash Flow | -340.00M | -64.00M | -554.00M | 150.00M | 1.11B |
Catella AB Class B Technical Analysis
Neutral
28.00
Price Trends
22.20
Positive
24.61
Negative
27.32
Negative
Market Momentum
0.10
Negative
63.02
Neutral
92.45
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CAT.B, the sentiment is Neutral. The current price of 28 is above the 20-day moving average (MA) of 21.20, above the 50-day MA of 22.20, and above the 200-day MA of 27.32, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 63.02 is Neutral, neither overbought nor oversold. The STOCH value of 92.45 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CAT.B.
Catella AB Class B Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr765.99M | 18.21 | ― | ― | 26.63% | 125.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | kr2.10B | -2.17 | ― | ― | ― | -239.66% | |
54 Neutral | kr3.71B | 75.68 | 7.92% | 0.31% | 4.83% | 66.65% | |
53 Neutral | kr1.99B | 52.96 | 2.56% | 3.30% | -10.23% | 83.22% | |
49 Neutral | kr370.49M | -15.68 | ― | 8.78% | ― | -567.36% | |
48 Neutral | kr4.17B | -5.81 | -1.58% | ― | 21.43% | 71.67% |
* Financial Sector Average
SE:CAT.B
Catella AB Class B
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-5.86
-20.55%
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Catella AB Class B Corporate Events
Catella boosts underlying profit and tightens focus as European real estate recovers
Feb 17, 2026
Catella AB reported a transitional but successful 2025, ending the year with a solid underlying fourth quarter performance despite headline figures being weighed down by impairments and restructuring costs. Full-year operating profit rose to SEK 2...
Catella Names Visa Executive Gustav Jansson as New CFO to Support Growth Strategy
Jan 28, 2026
Catella has appointed Gustav Jansson as its new Chief Financial Officer, succeeding Michel Fischier, who will step down after nearly five years with the group and will remain in his role until May 1 to secure a smooth handover. Jansson, currently ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.