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.
Catena AB (publ) is a Swedish listed property company specializing in the ownership, development, management, and sale of logistics properties across Sweden and Denmark. It focuses on creating efficient, sustainable facilities such as complexity terminals for immediate transshipment, logistics warehouses, distribution centers, cold storage units, automated warehouses, omni warehouses, and city logistics solutions, strategically located in metropolitan areas, along railways, roads, and major European routes. The portfolio, valued at SEK 32.6 billion as of March 2024, comprises 161 properties totaling 2.4 million square meters with high occupancy rates, long lease terms, and tenants including leading Nordic firms like DSV, DHL, ICA, Martin & Servera, PostNord, and Boozt. Founded in 1967 and headquartered in Helsingborg, Catena emphasizes innovation, digital solutions, and sustainability, incorporating rainwater reuse, fossil-free energy (95% usage), and EU taxonomy-aligned investments to support evolving e-commerce-driven goods flows and regional productivity. As one of Sweden's largest logistics property owners, it plays a key role in linking Scandinavian logistics networks through collaborative, long-term partnerships.
kr 407.10
+kr 3.40 (+0.84%)
Live · 06:49 PM · Twelve Data
81.33% operating margin is above average. ROIC at 4.17%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 20.9% YoY with margins expanding 2.2pp.
Net debt of kr 17.52B represents 11.1x FCF, leverage limits flexibility.
14.9x earnings, 20.9x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
kr 2.71B
▲ +20.9% YoY
Net Income (TTM)
kr 1.68B
▲ +52.2% YoY
Op. Margin
80.54%
▲ +2.2pp YoY
ROIC
4.17%
▲ +0.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
kr 1.29B
▲ +22.5% YoY
Op. Cash Flow (TTM)
kr 1.82B
▲ +52.2% YoY
Net Debt
kr 17.52B
Cash & Equiv.
kr 526M
3Y CAGR: +19.7%
3Y CAGR: +8.3%
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At a P/E of 14.9 and a price-to-free-cash-flow of 20.9, Catena AB (publ) (CATE.XSTO) trades above a two-stage DCF intrinsic value of about SEK 280.29 per share, so at SEK 407.10 the stock looks overvalued (31.1% 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, Catena AB (publ) scores 51/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.0%; 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 280.29 per share for CATE.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 210.22. At today's SEK 407.10, that puts the stock about 31.1% 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.
Catena AB (publ) scores 51 out of 100 on Intrinsiqq's quality score, passing 3 of 8 checks, which makes it a mixed business on these measures. Recent fundamentals include a 80.5% operating margin and a 4.2% 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, Catena AB (publ) pays a regular dividend of about SEK 8.18 per share per year (typically in quarterly installments), a yield of roughly 2.0% at the current price. That is a payout ratio of about 32.3% of earnings, so the dividend is amply covered by earnings. Catena AB (publ) has grown the dividend at roughly 15.1% a year over the past few years. 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 CATE.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. CATE.XSTO currently trades above its estimated intrinsic value and scores 51/100 on quality (mixed). It also yields about 2.0%. 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.