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Catena AB
(CATE)
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Rating:70Outperform
Price Target:
kr461.00
▲(19.49% Upside)
Action:Upgraded
Date:07/07/26
The score is driven primarily by solid financial performance (strong profitability, growth, and positive free cash flow), partially offset by leverage and uneven cash conversion. Technical signals are mixed-to-weak (below key longer-term moving averages with negative MACD), while valuation is reasonable with a moderate P/E and a modest dividend yield.
Positive Factors
Profitability & Revenue Growth
Sustained top-line expansion and high reported margins indicate durable demand for Catena's logistics assets. Over the medium term this supports recurring rental cash flows, operating leverage and the ability to finance development projects internally, strengthening competitive positioning in logistics hubs.
Negative Factors
High Absolute Debt & Modest ROE
Despite ratio improvement, large absolute debt amplifies refinancing and interest-cost risk and limits capital agility. Mid-single-digit ROE suggests that asset growth has not consistently translated into strong shareholder returns, constraining long-term value creation if operational returns don't improve.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Revenue Growth
Sustained top-line expansion and high reported margins indicate durable demand for Catena's logistics assets. Over the medium term this supports recurring rental cash flows, operating leverage and the ability to finance development projects internally, strengthening competitive positioning in logistics hubs.
Read all positive factors
Catena AB (CATE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr26.19B
Dividend Yield2.35%
Average Volume (3M)79.17K
Price to Earnings (P/E)11.6
Beta (1Y)0.67
Revenue Growth16.75%
EPS Growth48.09%
CountrySE
Employees68
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)33.98
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 Ratio17.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
kr510.00Price Target Upside32.19% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)27.71
Revenue Forecast (FY)kr3.11B
Catena AB Business Overview & Revenue Model
Company Description
Catena AB (publ) owns, develops, manages, and sells logistics properties in Sweden and Denmark. It provides complexity terminals for immediate transshipment; logistics warehouses for storage; distribution centers; warehouses for cold storage; full...
How the Company Makes Money
Catena makes money primarily by leasing logistics properties to tenants under rental contracts, generating recurring rental income (often the largest component of a real estate company’s operating revenue). Revenue is driven by (1) contracted rent...
Catena AB Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
70
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.88B | 2.67B | 2.19B | 1.81B | 1.54B | 1.39B |
| Gross Profit | 2.39B | 2.21B | 1.79B | 1.45B | 1.22B | 1.10B |
| EBITDA | 3.16B | 2.63B | 1.84B | 1.71B | 2.65B | 3.51B |
| Net Income | 2.15B | 1.64B | 1.08B | 986.00M | 2.00B | 2.69B |
Balance Sheet | ||||||
| Total Assets | 58.23B | 46.80B | 44.59B | 33.50B | 31.21B | 25.82B |
| Cash, Cash Equivalents and Short-Term Investments | 379.00M | 444.00M | 1.07B | 430.00M | 2.25B | 1.07B |
| Total Debt | 25.50B | 18.32B | 17.22B | 12.16B | 11.05B | 11.40B |
| Total Liabilities | 30.85B | 22.83B | 21.49B | 16.11B | 14.51B | 14.57B |
| Stockholders Equity | 27.39B | 23.97B | 23.10B | 17.39B | 16.70B | 11.26B |
Cash Flow | ||||||
| Free Cash Flow | 1.98B | 1.58B | 1.29B | 1.06B | 1.24B | 809.00M |
| Operating Cash Flow | 1.98B | 1.58B | 1.29B | 1.06B | 1.24B | 811.00M |
| Investing Cash Flow | -11.64B | -1.67B | -4.42B | -2.71B | -1.95B | -1.60B |
| Financing Cash Flow | 9.66B | -446.00M | 3.69B | -92.00M | 1.87B | 1.37B |
Catena AB Technical Analysis
Neutral
385.80
Price Trends
407.30
Negative
424.20
Negative
438.87
Negative
Market Momentum
-3.26
Negative
48.50
Neutral
85.65
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CATE, the sentiment is Neutral. The current price of 385.8 is below the 20-day moving average (MA) of 397.17, below the 50-day MA of 407.30, and below the 200-day MA of 438.87, indicating a neutral trend. The MACD of -3.26 indicates Negative momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 85.65 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:CATE.
Catena AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | kr26.19B | 11.61 | ― | 2.40% | 16.75% | 48.09% | |
67 Neutral | kr23.78B | 10.89 | 9.03% | 3.60% | 6.89% | 15.60% | |
63 Neutral | kr60.65B | 24.16 | 3.68% | 1.90% | -1.19% | 2.93% | |
63 Neutral | kr62.07B | 8.39 | 7.35% | ― | 4.06% | 14.75% | |
56 Neutral | kr16.97B | 29.41 | 2.03% | 4.24% | 6.33% | -18.63% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | kr23.50B | 54.53 | 1.15% | 2.85% | 12.54% | 114.41% |
* General Sector Average
SE:CATE
Catena AB
399.60
-45.85
-10.29%
SE:CAST
Castellum AB
135.80
22.35
19.70%
SE:FABG
Fabege AB
75.65
-6.87
-8.32%
SE:BALD.B
Fastighets AB Balder
54.44
-9.65
-15.06%
SE:WIHL
Wihlborgs Fastigheter AB
78.70
-15.83
-16.75%
SE:ATRLJ.B
Atrium Ljungberg AB Class B
26.50
-4.78
-15.29%
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.