Catena AB (SE:CATE)
:CATE
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Catena AB
(CATE)
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Rating:66Neutral
Price Target:
kr477.00
▼(-0.50% Downside)
Action:Reiterated
Date:04/25/26
The score is driven primarily by strong reported profitability and growth, tempered by weaker and inconsistent cash conversion and a debt-heavy balance sheet. Technicals are currently soft with the stock trading below major moving averages, while valuation (moderate P/E and a ~2.1% yield) provides some support.
Positive Factors
Strong revenue growth and high reported margins
TTM revenue up ~214% and a ~62% net margin show robust top-line expansion and elevated operating profitability. For a logistics landlord, sustained strong margins support reinvestment in developments, provide buffers through cycles, and improve capacity to fund growth and obligations over the medium term.
Negative Factors
Inconsistent cash conversion and weakened free cash flow
Operating cash covered ~61% of reported net income and FCF declined ~26% TTM with 2025 showing zero FCF. When earnings do not reliably convert to cash, internal funding for capex and development is constrained and reliance on external financing rises, weakening financial resilience over months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and high reported margins
TTM revenue up ~214% and a ~62% net margin show robust top-line expansion and elevated operating profitability. For a logistics landlord, sustained strong margins support reinvestment in developments, provide buffers through cycles, and improve capacity to fund growth and obligations over the medium term.
Read all positive factors
Catena AB (CATE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr27.66B
Dividend Yield2.05%
Average Volume (3M)79.17K
Price to Earnings (P/E)16.4
Beta (1Y)0.64
Revenue Growth15.65%
EPS Growth16.96%
CountrySE
Employees72
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)27.31
Shares Outstanding66,396,110
10 Day Avg. Volume71,522
30 Day Avg. Volume79,169
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.14
Price to Sales (P/S)10.21
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr537.50Price Target Upside12.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)27.48
Revenue Forecast (FY)kr3.16B
Catena AB Business Overview & Revenue Model
Company Description
Catena AB (publ) owns, develops, manages, and sells logistics properties in Sweden. The company serves logistics companies. As of December 31, 2021, its property portfolio comprised 126 logistics properties located primarily in southern and centra...
How the Company Makes Money
Catena makes money primarily through rental income from leasing its logistics and industrial properties to tenants under commercial lease agreements. Revenue is generated from contracted base rents, typically supplemented where applicable by recov...
Catena AB Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72B | 2.67B | 2.19B | 1.81B | 1.54B | 1.39B |
| Gross Profit | 2.24B | 2.21B | 1.79B | 1.45B | 1.22B | 1.10B |
| EBITDA | 2.50B | 2.63B | 1.84B | 1.71B | 2.65B | 3.51B |
| Net Income | 1.68B | 1.64B | 1.08B | 986.00M | 2.00B | 2.69B |
Balance Sheet | ||||||
| Total Assets | 49.90B | 46.80B | 44.59B | 33.50B | 31.21B | 25.82B |
| Cash, Cash Equivalents and Short-Term Investments | 2.57B | 444.00M | 1.07B | 430.00M | 2.25B | 1.07B |
| Total Debt | 18.07B | 18.32B | 17.22B | 12.16B | 11.05B | 11.40B |
| Total Liabilities | 22.68B | 22.83B | 21.49B | 16.11B | 14.51B | 14.57B |
| Stockholders Equity | 27.21B | 23.97B | 23.10B | 17.39B | 16.70B | 11.26B |
Cash Flow | ||||||
| Free Cash Flow | 786.00M | 0.00 | 1.29B | 1.06B | 1.24B | 809.00M |
| Operating Cash Flow | 1.29B | 1.58B | 1.29B | 1.06B | 1.24B | 811.00M |
| Investing Cash Flow | -2.02B | -1.67B | -4.42B | -2.71B | -1.95B | -1.60B |
| Financing Cash Flow | 2.46B | -446.00M | 3.69B | -92.00M | 1.87B | 1.37B |
Catena AB Technical Analysis
Negative
479.40
Price Trends
438.84
Negative
451.28
Negative
443.37
Negative
Market Momentum
-5.97
Positive
36.23
Neutral
2.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CATE, the sentiment is Negative. The current price of 479.4 is above the 20-day moving average (MA) of 431.66, above the 50-day MA of 438.84, and above the 200-day MA of 443.37, indicating a bearish trend. The MACD of -5.97 indicates Positive momentum. The RSI at 36.23 is Neutral, neither overbought nor oversold. The STOCH value of 2.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CATE.
Catena AB Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | kr25.06B | 10.62 | 9.74% | 3.60% | 6.56% | 30.63% | |
66 Neutral | kr27.66B | 16.36 | ― | 2.05% | 15.65% | 16.96% | |
66 Neutral | kr56.58B | 27.00 | 1.27% | 1.77% | -2.63% | -11.65% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
56 Neutral | kr60.81B | 8.67 | 10.31% | ― | 4.62% | 22.69% | |
54 Neutral | kr24.27B | -330.31 | -0.92% | 2.39% | 12.22% | -121.80% | |
54 Neutral | kr17.10B | 29.76 | 3.82% | 2.20% | 1.51% | -36.16% |
* Real Estate Sector Average
SE:CATE
Catena AB
414.40
-35.37
-7.86%
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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.