Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Castellum AB (publ) is one of the Nordic region's largest listed commercial real estate companies, specializing in the ownership, management, and development of office and logistics properties in attractive growth cities across Sweden, Denmark, Finland, and through its stake in Entra ASA, Norway. Headquartered in Gothenburg, Sweden, and founded in 1993, the company focuses on flexible workplaces, smart logistics solutions, and sustainable urban development, with a property portfolio valued at approximately SEK 159 billion as of September 30, 2025, encompassing around 4.3 million square meters of lettable area. Castellum AB (publ) emphasizes customer-centric property management, innovative project development, and strategic transactions to enhance portfolio quality and cash flow. Notable for its sustainability leadership, it is the only Nordic property company in the Dow Jones Sustainability Indices (DJSI), has achieved top scores in the S&P Corporate Sustainability Assessment for nine consecutive years, and targets climate neutrality by 2030 through initiatives like the '100 on Solar' program. Listed on Nasdaq Stockholm Large Cap with a green equity designation, Castellum AB (publ) plays a pivotal role in fostering long-term value creation and green urban growth in the Nordic markets.
kr 121.47
+kr 0.88 (+0.73%)
Live · 06:49 PM · Twelve Data
64.52% operating margin is above average. ROIC at 3.16%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue declined 2.0% YoY. The question is whether this is cyclical or a structural shift.
At 27x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of kr 58.00B represents 14.8x FCF, leverage limits flexibility.
26.6x earnings, 14.4x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 9.53B
▼ -2.0% YoY
Net Income (TTM)
kr 2.23B
▼ -60.2% YoY
Op. Margin
64.83%
▼ -1.6pp YoY
ROIC
3.16%
▼ -0.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 4.11B
▼ -7.1% YoY
Op. Cash Flow (TTM)
kr 6.22B
▼ -3.3% YoY
Net Debt
kr 58.00B
Cash & Equiv.
kr 120M
3Y CAGR: +2.4%
3Y CAGR: -2.3%
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At a P/E of 26.6 and a price-to-free-cash-flow of 14.4, Castellum AB (publ) (CAST.XSTO) trades above a two-stage DCF intrinsic value of about SEK 111.79 per share, so at SEK 121.48 the stock looks overvalued (8.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Castellum AB (publ) scores 35/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.5%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about SEK 111.79 per share for CAST.XSTO, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around SEK 83.84. At today's SEK 121.48, that puts the stock about 8.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Castellum AB (publ) scores 35 out of 100 on Intrinsiqq's quality score, passing 2 of 8 checks, which makes it a lower-quality business on these measures. Recent fundamentals include a 64.8% operating margin and a 3.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full check-by-check breakdown is on the quality scorecard.
Yes, Castellum AB (publ) pays a regular dividend of about SEK 1.88 per share per year (typically in quarterly installments), a yield of roughly 1.5% at the current price. That is a payout ratio of about 41.0% of earnings, so the dividend is well covered. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CAST.XSTO's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. CAST.XSTO currently trades above its estimated intrinsic value and scores 35/100 on quality (lower-quality). It also yields about 1.5%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.