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Catena AB (publ)OM:CATE Stock Report

Market Cap SEK 28.7b
Share Price
SEK 473.00
My Fair Value
SEK 503.75
6.1% undervalued intrinsic discount
1Y-6.9%
7D0.9%
Portfolio Value
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Catena AB (publ)

OM:CATE Stock Report

Market Cap: SEK 28.7b

Catena (CATE) Stock Overview

Owns, develops, manages, and sells logistics properties in Sweden and Denmark. More details

CATE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance1/6
Financial Health2/6
Dividends5/6

Rewards

Price-To-Earnings ratio (17.7x) is below the Swedish market (23.7x)

Revenue is forecast to grow 7.88% per year

Pays a reliable dividend of 1.9%

Risk Analysis

Debt is not well covered by operating cash flow

Earnings are forecast to decline by an average of 5.1% per year for the next 3 years

Large one-off items impacting financial results


CATE Community Fair Values

Create Narrative

See what 11 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Catena

Increasing E-Commerce And Urbanization Will Fuel Logistics Expansion

Key Takeaways Catena's scalable operations, robust leasing activity, and off-market deals signal greater upside in rental income, margins, and growth than analysts have forecast. Strategic investments in sustainability, a strong balance sheet, and e-commerce tailwinds position Catena for durable rental growth and market leadership in logistics real estate.
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SEK 600
FV
21.2% undervalued intrinsic discount
11.34%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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Catena

Danish Expansion And Oversupply Risks Will Shape Property Markets

Key Takeaways Strategic acquisitions and new projects are driving revenue growth through increased rental income and expanded portfolio capacity. Low leverage and market expansion strategically position Catena for future growth in revenue and earnings.
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SEK 510
FV
7.3% undervalued intrinsic discount
10.33%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
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Catena

Catena Logistics Will Thrive with E-commerce Growth as Rents Increase

Catalysts Most Immediate Catalysts (1–2 Years) E-commerce Growth Driving Logistics Demand: Catena’s core business—logistics and warehouse properties—is benefiting from structural growth in e-commerce. As retailers optimize supply chains, demand for modern logistics centers remains high.
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SEK 229.2
FV
106.4% overvalued intrinsic discount
8.00%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
CATE logo
Catena

Speculative Swedish Logistics Oversupply Will Undermine Future Yields

Key Takeaways Oversupply in Sweden's logistics market and soft tenant demand threaten Catena's occupancy, rental growth, and revenue stability. Rising leverage, tenant concentration risk, and heightened compliance costs are likely to compress margins and future earnings.
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SEK 405
FV
16.8% overvalued intrinsic discount
9.25%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
0users have followed this narrative
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Catena AB (publ) Competitors

Price History & Performance

Summary of share price highs, lows and changes for Catena
Historical stock prices
Current Share PriceSEK 473.00
52 Week HighSEK 512.00
52 Week LowSEK 372.20
Beta1.17
1 Month Change11.77%
3 Month Change3.10%
1 Year Change-6.89%
3 Year Change26.00%
5 Year Change27.84%
Change since IPO359.22%

Recent News & Updates

Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.50

Oct 18
Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.50

At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

Sep 01
At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

These 4 Measures Indicate That Catena (STO:CATE) Is Using Debt Reasonably Well

Jul 30
These 4 Measures Indicate That Catena (STO:CATE) Is Using Debt Reasonably Well

Recent updates

Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.50

Oct 18
Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.50

At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

Sep 01
At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

These 4 Measures Indicate That Catena (STO:CATE) Is Using Debt Reasonably Well

Jul 30
These 4 Measures Indicate That Catena (STO:CATE) Is Using Debt Reasonably Well

A Look At The Fair Value Of Catena AB (publ) (STO:CATE)

Jul 09
A Look At The Fair Value Of Catena AB (publ) (STO:CATE)

Earnings Not Telling The Story For Catena AB (publ) (STO:CATE)

Jun 22
Earnings Not Telling The Story For Catena AB (publ) (STO:CATE)

Catena's (STO:CATE) Dividend Will Be SEK4.50

May 18
Catena's (STO:CATE) Dividend Will Be SEK4.50

Catena's (STO:CATE) Weak Earnings May Only Reveal A Part Of The Whole Picture

May 05
Catena's (STO:CATE) Weak Earnings May Only Reveal A Part Of The Whole Picture

Here's Why Catena (STO:CATE) Can Manage Its Debt Responsibly

Apr 15
Here's Why Catena (STO:CATE) Can Manage Its Debt Responsibly

Catena's (STO:CATE) Dividend Will Be Increased To SEK4.50

Mar 31
Catena's (STO:CATE) Dividend Will Be Increased To SEK4.50

At kr414, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

Mar 25
At kr414, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

Catena Logistics Will Thrive with E-commerce Growth as Rents Increase

E-commerce Growth Driving Logistics Demand: Catena’s core business—logistics and warehouse properties—is benefiting from structural growth in e-commerce. As retailers optimize supply chains, demand fo

Is Catena AB (publ) (STO:CATE) Expensive For A Reason? A Look At Its Intrinsic Value

Mar 10
Is Catena AB (publ) (STO:CATE) Expensive For A Reason? A Look At Its Intrinsic Value
User avatar

Expansion With Major Clients Like DSV And Improved Credit Rating Will Secure Strong Future Cash Flows

Strategic expansions and acquisitions are set to boost earnings, secure stable cash flows, and enhance revenue and profit growth.

Is Catena (STO:CATE) A Risky Investment?

Jan 08
Is Catena (STO:CATE) A Risky Investment?

Catena AB (publ)'s (STO:CATE) Intrinsic Value Is Potentially 20% Below Its Share Price

Dec 10
Catena AB (publ)'s (STO:CATE) Intrinsic Value Is Potentially 20% Below Its Share Price

Should You Think About Buying Catena AB (publ) (STO:CATE) Now?

Nov 21
Should You Think About Buying Catena AB (publ) (STO:CATE) Now?

Catena's (STO:CATE) Shareholders Should Assess Earnings With Caution

Nov 03
Catena's (STO:CATE) Shareholders Should Assess Earnings With Caution

Earnings Miss: Catena AB (publ) Missed EPS By 10.0% And Analysts Are Revising Their Forecasts

Oct 29
Earnings Miss: Catena AB (publ) Missed EPS By 10.0% And Analysts Are Revising Their Forecasts

Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.25

Sep 03
Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.25

Estimating The Fair Value Of Catena AB (publ) (STO:CATE)

Aug 13
Estimating The Fair Value Of Catena AB (publ) (STO:CATE)

Catena (STO:CATE) Has Announced A Dividend Of SEK4.25

Jul 22
Catena (STO:CATE) Has Announced A Dividend Of SEK4.25

Does Catena (STO:CATE) Have A Healthy Balance Sheet?

Jul 04
Does Catena (STO:CATE) Have A Healthy Balance Sheet?

Catena (STO:CATE) Will Pay A Dividend Of SEK4.25

Jun 19
Catena (STO:CATE) Will Pay A Dividend Of SEK4.25

Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.25

May 10
Catena (STO:CATE) Is Due To Pay A Dividend Of SEK4.25

Catena's (STO:CATE) Upcoming Dividend Will Be Larger Than Last Year's

Apr 26
Catena's (STO:CATE) Upcoming Dividend Will Be Larger Than Last Year's

Catena (STO:CATE) Is Paying Out A Larger Dividend Than Last Year

Apr 11
Catena (STO:CATE) Is Paying Out A Larger Dividend Than Last Year

Catena (STO:CATE) Is Increasing Its Dividend To SEK4.25

Mar 26
Catena (STO:CATE) Is Increasing Its Dividend To SEK4.25

Catena's (STO:CATE) Upcoming Dividend Will Be Larger Than Last Year's

Mar 09
Catena's (STO:CATE) Upcoming Dividend Will Be Larger Than Last Year's

Catena AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Feb 27
Catena AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Here's Why Catena (STO:CATE) Can Manage Its Debt Responsibly

Jan 05
Here's Why Catena (STO:CATE) Can Manage Its Debt Responsibly

Catena (STO:CATE) Is Paying Out A Larger Dividend Than Last Year

Oct 20
Catena (STO:CATE) Is Paying Out A Larger Dividend Than Last Year

Catena (STO:CATE) Has Announced That It Will Be Increasing Its Dividend To SEK4.13

Oct 06
Catena (STO:CATE) Has Announced That It Will Be Increasing Its Dividend To SEK4.13

Catena (STO:CATE) Is Increasing Its Dividend To SEK4.13

Aug 28
Catena (STO:CATE) Is Increasing Its Dividend To SEK4.13

Is Catena (STO:CATE) Using Too Much Debt?

Aug 23
Is Catena (STO:CATE) Using Too Much Debt?

Catena's (STO:CATE) Dividend Will Be Increased To SEK4.13

Jul 19
Catena's (STO:CATE) Dividend Will Be Increased To SEK4.13

Catena (STO:CATE) Will Pay A Larger Dividend Than Last Year At SEK4.13

Jul 05
Catena (STO:CATE) Will Pay A Larger Dividend Than Last Year At SEK4.13

Is Now The Time To Look At Buying Catena AB (publ) (STO:CATE)?

Jun 30
Is Now The Time To Look At Buying Catena AB (publ) (STO:CATE)?

Catena's (STO:CATE) Dividend Will Be Increased To SEK4.13

Apr 30
Catena's (STO:CATE) Dividend Will Be Increased To SEK4.13

Shareholder Returns

CATESE Real EstateSE Market
7D0.9%2.0%3.1%
1Y-6.9%-11.5%2.3%

Return vs Industry: CATE exceeded the Swedish Real Estate industry which returned -11.5% over the past year.

Return vs Market: CATE underperformed the Swedish Market which returned 2.3% over the past year.

Price Volatility

Is CATE's price volatile compared to industry and market?
CATE volatility
CATE Average Weekly Movement2.9%
Real Estate Industry Average Movement3.5%
Market Average Movement5.5%
10% most volatile stocks in SE Market11.9%
10% least volatile stocks in SE Market2.9%

Stable Share Price: CATE has not had significant price volatility in the past 3 months compared to the Swedish market.

Volatility Over Time: CATE's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196774Jörgen Erikssonwww.catena.se

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; fully automated warehouses; omni warehouses; and city logistics. The company was founded in 1967 and is headquartered in Helsingborg, Sweden.

Catena AB (publ) Fundamentals Summary

How do Catena's earnings and revenue compare to its market cap?
CATE fundamental statistics
Market capSEK 28.73b
Earnings (TTM)SEK 1.61b
Revenue (TTM)SEK 2.59b
17.7x
P/E Ratio
11.0x
P/S Ratio

Is CATE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CATE income statement (TTM)
RevenueSEK 2.59b
Cost of RevenueSEK 444.00m
Gross ProfitSEK 2.14b
Other ExpensesSEK 530.00m
EarningsSEK 1.61b

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Feb 20, 2026

Earnings per share (EPS)26.69
Gross Margin82.82%
Net Profit Margin62.32%
Debt/Equity Ratio75.8%

How did CATE perform over the long term?

See historical performance and comparison

Dividends

1.9%
Current Dividend Yield
34%
Payout Ratio

Does CATE pay a reliable dividends?

See CATE dividend history and benchmarks
When do you need to buy CATE by to receive an upcoming dividend?
Catena dividend dates
Ex Dividend DateOct 29 2025
Dividend Pay DateNov 04 2025
Days until Ex dividend1 day
Days until Dividend pay date7 days

Does CATE pay a reliable dividends?

See CATE dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/27 18:50
End of Day Share Price 2025/10/27 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Catena AB (publ) is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Victor KrüegerABG Sundal Collier Sponsored
Paul MayBarclays