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

• Market Cap: €2.75B
• Dividend Yield: 2.9%
• Average Volume (3M): 75.44K
• Price to Earnings (P/E): 15.9
• Beta (1Y): 0.79
• Revenue Growth: 29.84%
• EPS Growth: N/A
• Country: SE
• Employees: 397
• Sector: Real Estate
• Sector Strength: 53
• Industry: Asset Management
• EPS (TTM): 3.62
• Shares Outstanding: 86,007,920
• 10 Day Avg. Volume: 70,450
• 30 Day Avg. Volume: 75,437
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €32.02
• Price Target Upside: 3.31% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 65 Neutral
• Price Target: kr32.00 ▲(3.23% Upside)

Catella AB Class B's overall score is driven by strong cash flow improvements and fair valuation, despite challenges in profitability and high leverage. Technical indicators suggest mild bullish momentum, supporting a moderate outlook.

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 through a combination of advisory fees, management fees, and transaction commissions. In its property advisory segment, the company earns fees by providing strategic advice and managing real estate transactions for clients. The investment management division contributes to revenue by charging management and performance fees on assets under management, including real estate funds and other investment vehicles. Additionally, the banking services segment brings in income through financial services provided to clients, including lending activities and wealth management services. Strategic partnerships and collaborations with financial institutions and real estate developers further enhance Catella's revenue streams by expanding its market reach and service offerings.

Catella AB Class B Financial Statement Overview

Summary

Catella AB Class B shows strong revenue growth but faces profitability challenges and high leverage. The robust cash flow improvements provide some financial stability, but managing debt and improving profitability 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	772.00M	561.00M	303.00M	1.59B	997.00M	1.19B
EBITDA	434.00M	322.00M	270.00M	985.00M	328.00M	445.00M
Net Income	174.00M	30.00M	-21.00M	683.00M	174.00M	134.00M
Balance Sheet
Total Assets	4.36B	5.55B	5.44B	6.32B	5.44B	4.23B
Cash, Cash Equivalents and Short-Term Investments	1.58B	876.00M	818.00M	1.83B	1.25B	1.45B
Total Debt	1.60B	2.73B	2.54B	2.77B	2.54B	1.47B
Total Liabilities	2.30B	3.51B	3.41B	3.89B	3.62B	2.44B
Stockholders Equity	2.02B	2.00B	1.99B	2.17B	1.69B	1.61B
Cash Flow
Free Cash Flow	1.17B	90.00M	-156.00M	116.00M	-45.00M	142.00M
Operating Cash Flow	1.20B	116.00M	-130.00M	140.00M	-31.00M	165.00M
Investing Cash Flow	29.00M	27.00M	-315.00M	-11.00M	-1.52B	44.00M
Financing Cash Flow	-486.00M	-64.00M	-554.00M	150.00M	1.11B	315.00M

Catella AB Class B Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 31.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 31 is below the 20-day moving average (MA) of 31.06, above the 50-day MA of 30.38, and above the 200-day MA of 29.17, indicating a neutral trend. The MACD of 0.25 indicates Positive momentum. The RSI at 50.18 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 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
CASE	71 Outperform	kr875.41M	25.08	11.33%	―	39.48%	4380.99%
CAT.B	65 Neutral	€2.75B	15.94	9.18%	2.90%	29.84%	―
IDUN.B	57 Neutral	kr3.94B	94.87	6.98%	0.29%	3.25%	23.17%
LINC	57 Neutral	kr4.11B	-9.21	―	―	41566.67%	-128.69%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%

Catella AB Class B Corporate Events

Catella AB Announces Board Changes and Strategic Resolutions at AGM

Catella AB’s annual general meeting resulted in the re-election and election of several board members, with Erik Rune appointed as the new chairman. The meeting approved financial statements, discharged board members from liability, and declared a dividend of SEK 0.90 per share. Additionally, the meeting authorized the board to issue new shares, repurchase shares, and implement a long-term incentive program, reflecting strategic moves to enhance shareholder value and operational flexibility.