Catena Media (CTM) AI Stock Analysis

• Market Cap: $138.10M
• Dividend Yield: N/A
• Average Volume (3M): 95.24K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.13
• Revenue Growth: -31.61%
• EPS Growth: 26.26%
• Country: SE
• Employees: 173
• Sector: Communication Services
• Sector Strength: 90
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -0.11
• Shares Outstanding: 78,773,420
• 10 Day Avg. Volume: 85,742
• 30 Day Avg. Volume: 95,238
• PEG Ratio: -0.02
• Price to Book (P/B): 0.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 6.75
• 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

• Rating: 38 Underperform
• Price Target: kr1.50 ▼(-16.67%Downside)

Catena Media's overall stock score is significantly impacted by its weak financial performance, characterized by declining revenues, profitability issues, and high debt levels. Technical analysis indicates a bearish trend with oversold conditions, suggesting potential short-term volatility. The negative valuation metrics further underscore investor concerns.

Catena Media Business Overview & Revenue Model

Company Description

Catena Media plc, together with its subsidiaries, provides lead generation and related services for operators of online casino, sports betting, and financial trading platforms. It operates through three segments, Casino, Sports, and Financial Trading. The Casino segment provides insights and offers that connects people interested in slots, poker, blackjack, and other casino games with selected platform operators. The Sports segment publishes targeted content, as well as background on sports teams, individuals, and fixtures that informs sports, fantasy sports, and esports betting fans and helps to choose the right offers from online operators. The Financial Trading segment provides content on financial investing in markets, such as equities, foreign exchange, and cryptocurrencies. It also owns and develops websites and media platforms, which attract visitors through traffic and paid marketing. The company operates in Africa, Asia, the Middle East, Europe, Latin America, North America, and Oceania. Catena Media plc was founded in 2008 and is headquartered in Gzira, Malta.

How the Company Makes Money

Catena Media makes money primarily through affiliate marketing by partnering with online gambling operators and financial services companies. The company generates revenue by directing high-quality traffic to its partners' websites and receiving commissions for each user acquisition. This performance-based model includes Cost Per Acquisition (CPA), where Catena Media earns a fixed fee for each new customer referred, and Revenue Share agreements, where the company receives a percentage of the revenue generated by the referred customers over time. Additionally, Catena Media enhances its revenue streams through strategic partnerships and acquisitions, which expand its market reach and diversify its service offerings.

Catena Media Financial Statement Overview

Summary

Catena Media is facing significant financial challenges, with declining revenues, profitability issues, and a reliance on debt financing. While the company has a stable equity base, the negative trends in cash flow and revenue growth present considerable risks. Strategic changes may be necessary to improve financial health and sustainability.

Income Statement

Catena Media has been experiencing a declining revenue trend over the years, with a significant drop in the latest period. The gross profit margin remains relatively strong, but the company is facing negative EBIT and net income, indicating operational challenges and profitability issues.

Balance Sheet

The company maintains a reasonable equity ratio, suggesting a stable financial structure, but the high debt-to-equity ratio highlights a reliance on debt financing, which could pose risks if not managed effectively. The decrease in stockholders' equity over time is concerning.

Cash Flow

Operating cash flow has decreased notably, and while free cash flow remains positive, its growth rate is negative, indicating potential liquidity issues. The company's ability to convert net income into cash flow is also weakening, as shown by the declining ratios.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
49.64M	76.75M	110.12M	136.11M	105.99M
	Gross Profit
38.65M	63.31M	98.74M	120.62M	95.91M
	EBIT
-46.46M	-21.68M	28.41M	51.09M	25.61M
	EBITDA
-40.59M	-11.21M	49.05M	-405.00K	33.77M
	Net Income Common Stockholders
-48.21M	-38.24M	25.62M	-7.17M	12.52M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.48M	38.51M	23.87M	26.96M	28.75M
	Total Assets
146.81M	242.03M	322.63M	366.17M	340.86M
	Total Debt
21.85M	57.59M	76.66M	88.75M	90.50M
	Net Debt
13.37M	19.89M	52.79M	61.80M	61.75M
	Total Liabilities
23.98M	66.84M	100.11M	137.65M	100.74M
	Stockholders Equity
122.83M	175.18M	222.52M	228.52M	240.12M
Cash Flow		Free Cash Flow
137.00K	19.91M	26.87M	22.45M	37.30M
	Operating Cash Flow
2.66M	20.04M	56.38M	65.80M	48.98M
	Investing Cash Flow
11.62M	34.34M	-30.91M	-43.36M	-10.45M
	Financing Cash Flow
-44.74M	-34.88M	-27.66M	-24.18M	-19.58M

Catena Media Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.80
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CTM, the sentiment is Negative. The current price of 1.8 is above the 20-day moving average (MA) of 1.72, below the 50-day MA of 1.95, and below the 200-day MA of 4.07, indicating a neutral trend. The MACD of -0.07 indicates Negative momentum. The RSI at 48.12 is Neutral, neither overbought nor oversold. The STOCH value of 86.27 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:CTM.

Catena Media Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EVO	75 Outperform	kr135.39B	9.80		50.73%	10.67%	14.97%
Sector *	61 Neutral	$14.79B	5.90	-3.99%	6.20%	2.67%	-30.30%
CTM	38 Underperform	$138.10M	―	-42.17%	―	-31.61%	26.26%
0A37		kr26.38B	12.15	22.34%	1.90%	―	―
GENTF		$103.15M	9.91	16.63%	6.73%	―	―
KMBIF		$380.45M	23.39	9.13%	―	―	―
OVZ		€375.70M	―	-7.19%	―	―	―

Catena Media Corporate Events

Catena Expands MTN Program to Support Growth

Catena has updated its Medium Term Notes (MTN) program prospectus, increasing the framework amount from SEK 5 billion to SEK 8 billion. This move, approved by the Swedish Financial Supervisory Authority, supports Catena’s growth strategy by enabling flexible and effective funding, with Swedbank and other major banks as dealers.

Catena Expands Logistics Portfolio with Copenhagen Acquisition

Catena has acquired a logistics facility in Brøndby, Greater Copenhagen, for approximately DKK 285 million, with PostNord as the tenant. This strategic acquisition enhances Catena’s presence in a prime location for efficient city logistics, leveraging its existing relationship with PostNord, and is expected to generate a net operating surplus of DKK 16.7 million.

Catena Media’s 2025 AGM Decisions and Incentive Program

At the 2025 Annual General Meeting, Catena Media approved its financial statements for 2024, decided against declaring dividends, and elected a new board member. The meeting also approved an incentive program with share options and warrants, continuing a similar structure from the previous year, and appointed KPMG Malta as auditors.

Catena Media Implements Strategic Changes Amid Revenue Decline

Catena Media’s Q1 2025 interim report reveals a significant decline in revenue and adjusted EBITDA, attributed to challenges in their core search business and a strategic shift towards subaffiliation, which offers lower margins. In response, the company has implemented efficiency measures, including a 25% reduction in headcount and a transition to a unified tech stack, aiming to reduce costs and improve operational agility. These steps are part of a broader strategy to stabilize the business, enhance profitability, and drive revenue growth through improved operational efficiency and scalable growth platforms.

Catena Media Reports Q1 2025 Earnings and Cost Optimization Plans

Catena Media has announced its preliminary financial results for Q1 2025, revealing a slight decline in revenue and adjusted EBITDA compared to the previous quarter. In response to the reduced margins, the company is implementing cost optimization measures, including a 25% reduction in headcount and technical consolidation changes, aiming to achieve significant annual cost savings. Additionally, the board has decided to defer interest payments on its hybrid capital security to secure long-term financial stability and support future investments, despite the challenges faced.

Catena Media Announces Q1 2025 Results Presentation

Catena Media has announced the publication of its Q1 2025 interim report, scheduled for May 13, 2025, at 17:35 CEST. The shift to a later publication time aims to provide improved access for a broader set of stakeholders. Following the report’s release, the company will host a webcast and teleconference with a Q&A session led by CEO Manuel Stan and CFO Michael Gerrow, reflecting Catena Media’s commitment to transparency and stakeholder engagement.