Catena Media (CTM) AI Stock Analysis

• Market Cap: kr127.33M
• Dividend Yield: N/A
• Average Volume (3M): 116.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.41
• Revenue Growth: -25.10%
• EPS Growth: 82.01%
• Country: SE
• Employees: 173
• Sector: Communication Services
• Sector Strength: 97
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): -2.12
• Shares Outstanding: 78,773,420
• 10 Day Avg. Volume: 192,407
• 30 Day Avg. Volume: 116,689
• PEG Ratio: -0.02
• Price to Book (P/B): 0.20
• Price to Sales (P/S): 0.49
• P/FCF Ratio: 178.88
• 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: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: kr2.00 ▲(25.00% Upside)

Catena Media's overall stock score reflects financial difficulties, with negative profitability metrics and bearish technical indicators. Despite positive earnings call highlights, such as revenue growth and operational improvements, regulatory challenges and valuation concerns weigh heavily on the score.

Positive Factors

Revenue Growth

The 9% year-on-year revenue growth indicates successful market penetration and product adoption, particularly in North America, which is crucial for long-term sustainability.

Operational Efficiency

Reducing operating expenses by 6.9% enhances profitability and competitiveness, allowing the company to allocate resources more effectively and improve margins.

Geographical Revenue Focus

Focusing on North America, a growing market, positions the company for sustained revenue growth and mitigates risks associated with less stable regions.

Negative Factors

Regulatory Uncertainty

Regulatory uncertainties could hinder market operations and growth, impacting revenue streams and requiring strategic adjustments to comply with new regulations.

Impairment Losses

Significant impairment losses reflect asset underperformance, which can strain financial health and necessitate strategic reassessment of asset utilization.

Deferred Interest Payments

Deferring interest payments indicates cash flow management issues, potentially affecting financial flexibility and investor confidence in the company's fiscal health.

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 generates revenue primarily through affiliate marketing, where it earns commissions for directing traffic to online gambling operators. The company's revenue model is based on a cost-per-acquisition (CPA) structure, meaning it receives payments from operators each time a referred customer registers and makes a deposit. Key revenue streams include performance-based commissions, which can vary based on the type of gambling service utilized (e.g., sports betting, casino games). Additionally, Catena Media may earn revenue through advertising placements on its websites and strategic partnerships with online gaming operators, enhancing its market reach and financial performance. The company's extensive network of affiliate websites across various jurisdictions further contributes to its earnings, enabling it to capitalize on the growing online gambling market.

Catena Media Financial Statement Overview

Summary

Catena Media faces financial challenges with negative net and EBIT margins, indicating profitability issues. Despite a strong equity position and improved cash flow generation, the company struggles with declining revenue trends and negative return metrics.

Income Statement

Catena Media's income statement reveals a challenging financial position with negative net and EBIT margins over the TTM period, indicating operational inefficiencies and profitability issues. Despite a slight revenue growth of 2.36% in the TTM, the company has been unable to translate this into positive earnings, as evidenced by the negative net profit margin of -106.91%. Historical data shows a declining revenue trend, with significant revenue drops in previous years, further impacting profitability.

Balance Sheet

The balance sheet of Catena Media shows a strong equity position with a low debt-to-equity ratio of 0.0015 in the TTM, indicating minimal leverage risk. However, the return on equity is negative at -35.29%, reflecting poor returns on shareholder investments. The equity ratio remains healthy, suggesting a stable asset base, but the negative ROE highlights the need for improved operational performance to enhance shareholder value.

Cash Flow

Catena Media's cash flow statement indicates a mixed performance. The company has achieved a significant free cash flow growth of 38.05% in the TTM, suggesting improved cash generation capabilities. However, the operating cash flow to net income ratio of 1.90 reflects a reliance on cash flow rather than profitability. The free cash flow to net income ratio of 0.65 indicates that while cash flow generation is improving, it is not yet sufficient to cover net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	41.19M	49.64M	76.75M	110.12M	136.11M	105.99M
Gross Profit	31.99M	38.65M	63.31M	98.74M	120.62M	95.91M
EBITDA	-11.09M	-40.59M	-11.21M	49.05M	-405.00K	33.77M
Net Income	-15.73M	-48.21M	-38.24M	25.62M	-7.17M	12.52M
Balance Sheet
Total Assets	109.23M	146.81M	242.03M	322.63M	366.17M	340.86M
Cash, Cash Equivalents and Short-Term Investments	8.37M	8.48M	38.51M	23.87M	26.96M	28.75M
Total Debt	94.00K	21.85M	57.59M	76.66M	88.75M	90.50M
Total Liabilities	4.00M	23.98M	66.84M	100.11M	137.65M	100.74M
Stockholders Equity	105.22M	122.83M	175.18M	222.52M	228.52M	240.12M
Cash Flow
Free Cash Flow	4.95M	137.00K	19.91M	26.87M	22.45M	37.30M
Operating Cash Flow	5.92M	2.66M	20.04M	56.38M	65.80M	48.98M
Investing Cash Flow	21.97M	11.62M	34.34M	-30.91M	-43.36M	-10.45M
Financing Cash Flow	-36.83M	-44.74M	-34.88M	-27.66M	-24.18M	-19.58M

Catena Media Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.6 is below the 20-day moving average (MA) of 1.71, below the 50-day MA of 2.01, and below the 200-day MA of 2.04, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 36.73 is Neutral, neither overbought nor oversold. The STOCH value of 50.66 is Neutral, 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
BETS.B	73 Outperform	kr20.32B	9.11	23.20%	5.02%	11.84%	12.09%
KAMBI	65 Neutral	kr3.91B	41.40	4.76%	―	-5.16%	-48.79%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
CTM	51 Neutral	kr127.33M	-0.69	-19.82%	―	-25.10%	82.01%
ACROUD	51 Neutral	kr165.19M	-0.52	-74.31%	―	13.37%	43.23%
GCOR	41 Neutral	kr170.89M	-3.95	―	―	32.83%	13.34%
FRAG	41 Neutral	kr51.53M	-0.38	-229.41%	―	-10.21%	-1.15%

Catena Media Corporate Events

Catena Appoints New Regional Manager for Region East

Catena has appointed Pierre Mazeret as the new Regional Manager for Region East, bringing his extensive experience in property management to the role. This strategic appointment is expected to enhance Catena’s operations in Region East, which includes significant logistics space across northern Sweden and key cities, potentially strengthening the company’s market position and operational efficiency.

Catena Advances Logistics Position Ramlösa with ICA Lease Agreements

Catena has signed lease agreements with ICA Fastigheter AB for its Logistics Position Ramlösa project in Helsingborg, marking the final phase of development. The project, which includes three logistics facilities, will see ICA leasing space in both an existing facility and a new building, set to be completed by early 2027. This development strengthens Catena’s position in the logistics hub of Helsingborg, with significant investments and collaborations with major players like ICA and Nowaste Logistics, enhancing its market presence and operational capabilities.

Catena Media Reports Strong Q3 2025 with Revenue Diversification

Catena Media reported a solid third quarter in 2025, with a 9% increase in revenue from continuing operations and a significant improvement in adjusted EBITDA, which rose by 119%. The company has been focusing on revenue diversification, with strong growth in North America and advancements in its CRM and subaffiliation platforms. Despite facing challenges in the sports sector and regulatory changes in the social sweepstakes casino market, Catena Media continues to enhance its technological infrastructure and SEO capabilities to drive future growth.

Catena Media to Release Q3 2025 Interim Report

Catena Media has announced that it will publish its interim report for the third quarter of 2025 on November 4. The release will be followed by a webcast and teleconference hosted by the CEO and CFO, allowing stakeholders to engage and ask questions, which may impact the company’s transparency and stakeholder relations.

Catena Reports Strong Q3 Growth with Increased Profits

Catena reported a solid quarter with a 32% increase in profit from property management, reaching SEK 401 million. The company also saw a 25% rise in rental income and a 28% increase in net operating surplus. Catena’s strong financial performance is attributed to its low loan-to-value ratio and proactive strategies, positioning it well to seize opportunities and meet stakeholder demands.

Catena Revises Growth and Sustainability Targets for 2026

Catena AB has revised its growth and sustainability targets in its 2026 business plan. The company now aims for a 10% annual compounded growth rate in profit from property management per share over five years and a 12% growth rate in net asset value per share over the same period. Additionally, Catena has adjusted its net zero greenhouse gas emissions target to 2040, with an interim goal of 50% reduction by 2030. These changes reflect Catena’s commitment to generating strong cash flow and sustainable growth, while maintaining its dividend and finance policies.

Catena AB Appoints Nomination Committee for 2026 AGM

Catena AB has appointed its Nomination Committee for the 2026 Annual General Meeting, consisting of representatives from its four largest shareholders and the Chairman. The committee, which holds approximately 39.7% of the voting rights, will play a crucial role in shaping the company’s governance and strategic direction as it prepares for the upcoming meeting.

Catena Media Unveils MRKTPLAYS.com to Boost Affiliate Marketing

Catena Media has launched MRKTPLAYS.com, a new sub-affiliation platform designed to connect affiliates with operators in North America. This platform aims to enhance partnerships and drive growth by offering tools for network expansion, transparent commissions, and reliable tracking, marking a significant step in Catena Media’s strategy for scalable growth in the online casino gaming and sports betting industry.