Catella AB Class B (CAT.B) AI Stock Analysis

• Market Cap: kr2.44B
• Dividend Yield: 3.3%
• Average Volume (3M): 95.15K
• Price to Earnings (P/E): 14.5
• Beta (1Y): 0.73
• Revenue Growth: 40.78%
• EPS Growth: N/A
• Country: SE
• Employees: 397
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): -0.32
• Shares Outstanding: 86,009,130
• 10 Day Avg. Volume: 100,398
• 30 Day Avg. Volume: 95,148
• PEG Ratio: -0.34
• Price to Book (P/B): 1.23
• Price to Sales (P/S): 1.12
• P/FCF Ratio: 27.34
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: kr27.00 ▼(-2.70% Downside)

Catella AB Class B's overall stock score is driven by its stable financial performance and attractive valuation. However, the technical analysis indicates bearish momentum, which poses a risk. The lack of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Revenue Growth

The company's strong revenue growth indicates robust demand for its services and successful market penetration, supporting long-term business expansion.

Cash Flow Improvements

Significant improvement in free cash flow generation enhances financial flexibility, enabling strategic investments and debt reduction.

Market Position

A strong presence in the Nordic and European markets positions Catella AB to capitalize on regional economic growth and real estate trends.

Negative Factors

Profitability Challenges

Negative profitability metrics indicate issues in cost control or revenue realization, potentially impacting long-term financial health.

High Leverage

Significant leverage increases financial risk, potentially limiting the company's ability to invest in growth opportunities or weather economic downturns.

Declining Margins

A sharp decline in gross profit margin suggests increased cost pressures or pricing challenges, which could undermine long-term profitability.

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 Management. The Corporate Finance segment offers strategic advisory, capital market-related, and transaction advisory services to real estate companies, financial institutions, property funds, and other property owners. The Asset Management segment provides property investment management, fund, and asset management services to institutional and other professional investors, as well as project management services in the early phase of property development projects. This segment also offers equity, hedge, and fixed income funds, as well as systematic funds. The company was formerly known as Scribona AB (publ) and changed its name to Catella AB (publ) in 2010. Catella AB (publ) was incorporated in 1961 and is headquartered in Stockholm, Sweden.

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, charging fees based on the assets under management (AUM). Additionally, Catella earns performance fees when its funds exceed designated performance benchmarks. The company also generates revenue through transaction fees related to property sales and acquisitions, as well as advisory fees from consulting services, which include market analysis and investment strategy development. Strategic partnerships with other financial institutions and real estate developers further bolster its revenue streams, allowing Catella to expand its service offerings and client base.

Catella AB Class B Financial Statement Overview

Summary

Catella AB Class B exhibits strong revenue growth but faces challenges in profitability and high leverage. The robust cash flow improvements provide some stability, but managing debt and improving margins are crucial.

Income Statement

Catella AB Class B shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) revenue growth rate is strong at 12.86%, indicating positive momentum. However, profitability metrics such as the net profit margin are negative, suggesting challenges in cost management or revenue realization. Historical data shows fluctuating margins, with a notable decline in gross profit margin from 63.53% in 2022 to 24.82% in the TTM period.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.51 in the TTM period, indicating significant leverage which could pose financial risk. Return on equity has turned negative, highlighting profitability challenges. The equity ratio is stable, suggesting a balanced asset structure, but the high leverage remains a concern.

Cash Flow

Cash flow analysis reveals a strong free cash flow growth rate of 58600% in the TTM period, indicating improved cash generation capabilities. The operating cash flow to net income ratio is low, suggesting potential issues in converting income into cash. However, the free cash flow to net income ratio is positive, reflecting efficient cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.40B	2.21B	2.02B	2.51B	1.73B	2.05B
Gross Profit	726.00M	561.00M	303.00M	1.59B	996.00M	1.19B
EBITDA	412.00M	322.00M	270.00M	985.00M	402.00M	445.00M
Net Income	169.00M	30.00M	-21.00M	491.00M	174.00M	65.00M
Balance Sheet
Total Assets	4.19B	5.55B	5.44B	6.32B	5.44B	4.23B
Cash, Cash Equivalents and Short-Term Investments	1.67B	876.00M	718.00M	1.76B	1.45B	1.45B
Total Debt	1.48B	2.73B	2.54B	2.88B	2.68B	1.47B
Total Liabilities	2.18B	3.51B	3.41B	3.89B	3.62B	2.44B
Stockholders Equity	1.98B	2.00B	1.99B	2.17B	1.69B	1.61B
Cash Flow
Free Cash Flow	1.36B	90.00M	-156.00M	116.00M	-45.00M	142.00M
Operating Cash Flow	1.38B	116.00M	-130.00M	140.00M	-31.00M	165.00M
Investing Cash Flow	999.00M	27.00M	-315.00M	-11.00M	-1.52B	44.00M
Financing Cash Flow	-671.00M	-64.00M	-554.00M	150.00M	1.11B	315.00M

Catella AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 27.75
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 27.75 is above the 20-day moving average (MA) of 26.18, above the 50-day MA of 27.61, and below the 200-day MA of 29.46, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 57.57 is Neutral, neither overbought nor oversold. The STOCH value of 54.70 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CAT.B	63 Neutral	kr2.44B	14.51	8.96%	3.30%	40.78%	―
CASE	61 Neutral	kr811.05M	21.66	―	―	34.18%	242.91%
IDUN.B	60 Neutral	kr3.78B	77.68	7.92%	0.31%	3.71%	26.89%
LINC	57 Neutral	kr4.02B	-50.01	-1.58%	―	45733.33%	-105.08%

Catella AB Class B Corporate Events

Catella AB Sells Valuation France to Newmark, Enhancing Strategic Focus

Catella AB has sold its 66.1% share in Catella Valuation Advisory SAS to Newmark Group Inc., a move expected to add nearly SEK 50 million to its EBIT in the fourth quarter of 2025. This divestment aligns with Catella’s strategic priorities to enhance its service offerings and strengthen its Corporate Finance business in France, focusing on transaction and property advisory services, while continuing to recruit and develop key competencies for growth.

Catella AB Class B Sees Growth in Assets Under Management Despite Profit Dip

Catella AB Class B reported a third-quarter operating profit of SEK 7 million, down from SEK 19 million the previous year, due to reduced transactional revenues. Despite this, the company increased its assets under management to SEK 160 billion, reflecting a strategic focus on securing new investment management mandates and enhancing fixed and recurring revenue streams.

Catella AB Announces Nomination Committee for 2026 AGM

Catella AB has announced the appointment of its nomination committee for the upcoming 2026 annual general meeting. The committee, chaired by Eje Wictorson, will oversee the nomination process, with shareholders invited to submit proposals by 31 January 2026. This announcement highlights Catella’s ongoing commitment to structured governance and stakeholder engagement.

Catella AB Announces Share Conversion

Catella AB announced the conversion of 1,212 Class A shares into Class B shares, reducing the total number of votes in the company to 97,706,340. This conversion is part of Catella’s regular share management process, reflecting its commitment to transparency and compliance with the Financial Instruments Trading Act.