Catella AB Class B (SE:CAT.B)
:CAT.B
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Catella AB Class B
(CAT.B)
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Rating:57Neutral
Price Target:
kr20.50
▼(-26.79% Downside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by improving fundamentals—especially strong recent cash generation and a stronger balance sheet—partly offset by volatile revenue and thin net profitability. Technicals are the main drag, as the stock trades below key moving averages with negative MACD despite oversold readings. Valuation is mixed: a solid dividend yield helps, but a negative P/E caps the score.
Positive Factors
Strong cash generation
Very strong operating and free cash flow in 2025 and TTM indicates the business can self-fund operations, support distributions and deleveraging. Durable cash coverage of earnings improves financial flexibility for investments, mandates and buffers versus cyclical revenue swings.
Negative Factors
Volatile revenue trend
Material revenue volatility, including a sharp TTM decline, undermines predictability of fees and success-based income. Because advisory and transaction revenue is cyclical in real estate, recurring planning and long-term investment decisions face persistent execution risk and potential margin pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Very strong operating and free cash flow in 2025 and TTM indicates the business can self-fund operations, support distributions and deleveraging. Durable cash coverage of earnings improves financial flexibility for investments, mandates and buffers versus cyclical revenue swings.
Read all positive factors
Catella AB Class B (CAT.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr1.74B
Dividend Yield3.3%
Average Volume (3M)95.15K
Price to Earnings (P/E)―
Beta (1Y)0.64
Revenue Growth-8.55%
EPS GrowthN/A
CountrySE
Employees397
SectorFinancial
Sector Strength70
IndustryReal Estate - Services
Share Statistics
EPS (TTM)2.04
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)0.81
Revenue Forecast (FY)kr1.59B
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 primarily makes money through (1) fees earned from managing assets for clients and (2) fees from advisory and transaction-related services, particularly in real estate. In its investment management activities, revenue is mainly generated f...
Catella AB Class B Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.99B | 2.07B | 2.21B | 2.02B | 2.51B | 1.73B |
| Gross Profit | 964.00M | 1.19B | 561.00M | 303.00M | 1.59B | 996.00M |
| EBITDA | 403.00M | 301.00M | 322.00M | 270.00M | 985.00M | 402.00M |
| Net Income | 181.00M | 48.00M | 30.00M | -21.00M | 491.00M | 174.00M |
Balance Sheet | ||||||
| Total Assets | 3.96B | 4.14B | 5.55B | 5.44B | 6.32B | 5.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.69B | 876.00M | 718.00M | 1.76B | 1.45B |
| Total Debt | 1.47B | 1.47B | 2.73B | 2.54B | 2.88B | 2.68B |
| Total Liabilities | 2.11B | 2.22B | 3.51B | 3.41B | 3.89B | 3.62B |
| Stockholders Equity | 1.82B | 1.89B | 2.00B | 1.99B | 2.17B | 1.69B |
Cash Flow | ||||||
| Free Cash Flow | 1.06B | 986.00M | 90.00M | -156.00M | 116.00M | -45.00M |
| Operating Cash Flow | 1.08B | 1.01B | 116.00M | -130.00M | 140.00M | -31.00M |
| Investing Cash Flow | 942.00M | 76.00M | 27.00M | -315.00M | -11.00M | -1.52B |
| Financing Cash Flow | -338.00M | -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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | kr701.62M | 31.05 | ― | ― | 15.39% | 35.31% | |
59 Neutral | kr1.96B | -2.17 | ― | ― | ― | ― | |
57 Neutral | kr1.74B | -9.08 | 2.56% | 3.30% | -8.55% | ― | |
56 Neutral | kr4.17B | -5.81 | -1.58% | ― | 21.43% | 71.67% | |
55 Neutral | kr3.64B | 52.14 | 7.92% | 0.31% | 7.92% | 53.60% | |
49 Neutral | kr364.30M | -21.76 | ― | 8.78% | ― | -567.36% |
* Financial Sector Average
SE:CAT.B
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Catella AB Class B Corporate Events
Catella Tightens Focus and Capital Structure Amid Stable but Weak Q1
May 8, 2026
Catella reported a stable but loss-making first quarter of 2026, with net sales of SEK 296 million and operating profit of SEK -45 million, while adjusted operating earnings improved by SEK 26 million year on year. Assets under management rose to ...
Catella Names Nils Sommersel Chief Digital Officer to Drive Pan-European Digital Transformation
May 5, 2026
Catella has appointed Nils Sommersel as its new Chief Digital Officer, tasking him with driving digital strategy, governance and transformation across the Group’s pan-European real estate investment and fund management platform. Sommersel, w...
Catella cuts debt further with SEK 140m bond buy-back
Apr 1, 2026
Catella AB has repurchased additional portions of its own senior unsecured bonds maturing in March 2029, acquiring a nominal SEK 140 million at 103.75 percent of par for a total consideration of about SEK 145 million. This follows an earlier tende...
Catella Calls 2026 AGM, Offers Postal Voting for Shareholders
Mar 31, 2026
Catella AB has called its annual general meeting for 12 May 2026 in Stockholm, giving shareholders the option to attend in person or exercise their voting rights in advance by postal vote. Shareholders must be registered in the Euroclear Sweden sh...
Catella Highlights Sustainability Focus in 2025 Annual Report
Mar 27, 2026
Catella AB has published its 2025 annual report, detailing operations across investment management, principal investments and corporate finance, alongside a comprehensive review of its governance and financial performance. The report places strong...
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...
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.