Catena AB (publ)

OM:CATE Stock Report

Market Cap: SEK 25.3b

Catena Valuation

Is CATE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CATE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 403.38
Fair Value
4.9% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: CATE (SEK423.2) is trading above our estimate of fair value (SEK403.38)

Significantly Below Fair Value: CATE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CATE?

Key metric: As CATE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CATE. This is calculated by dividing CATE's market cap by their current earnings.
What is CATE's PE Ratio?
PE Ratio18.4x
EarningsSEK 1.39b
Market CapSEK 25.29b

Price to Earnings Ratio vs Peers

How does CATE's PE Ratio compare to its peers?

The above table shows the PE ratio for CATE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24x
WIHL Wihlborgs Fastigheter
14.7x5.53%SEK 27.6b
HUFV A Hufvudstaden
25.9x19.49%SEK 25.1b
PNDX B Pandox
25.4x20.75%SEK 33.5b
WALL B Wallenstam
30x15.71%SEK 27.5b
CATE Catena
18.4x0.32%SEK 25.3b

Price-To-Earnings vs Peers: CATE is good value based on its Price-To-Earnings Ratio (18.4x) compared to the peer average (24x).

Price to Earnings Ratio vs Industry

How does CATE's PE Ratio compare vs other companies in the SE Real Estate Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HEIM PREF Heimstaden
0.6xn/aUS$386.37m
TORSAB Torslanda Property Investment
1.8xn/aUS$95.65m
TITA B Titania Holding
1x-32.36%US$62.07m
HALMEN Halmslätten Fastighets
1.2xn/aUS$35.58m
CATE 18.4xIndustry Avg. 16.9xNo. of Companies7PE01020304050+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CATE is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the Swedish Real Estate industry average (16.9x).

Price to Earnings Ratio vs Fair Ratio

What is CATE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CATE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.4x
Fair PE Ratio15.2x

Price-To-Earnings vs Fair Ratio: CATE is expensive based on its Price-To-Earnings Ratio (18.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CATE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 423.20
SEK 510.00
+20.51%
13.64%SEK 600.00SEK 405.00n/a4
Sep ’26SEK 432.00
SEK 510.00
+18.06%
13.64%SEK 600.00SEK 405.00n/a4
Aug ’26SEK 444.00
SEK 510.00
+14.86%
13.64%SEK 600.00SEK 405.00n/a4
Jul ’26SEK 491.60
SEK 496.00
+0.90%
11.64%SEK 585.00SEK 405.00n/a5
Jun ’26SEK 471.60
SEK 510.00
+8.14%
13.17%SEK 585.00SEK 405.00n/a5
May ’26SEK 453.80
SEK 510.00
+12.38%
13.17%SEK 585.00SEK 405.00n/a5
Apr ’26SEK 435.00
SEK 512.00
+17.70%
12.99%SEK 580.00SEK 405.00n/a5
Mar ’26SEK 446.00
SEK 516.00
+15.70%
13.19%SEK 580.00SEK 405.00n/a5
Feb ’26SEK 483.50
SEK 536.00
+10.86%
14.09%SEK 640.00SEK 420.00n/a5
Jan ’26SEK 473.00
SEK 566.00
+19.66%
10.69%SEK 640.00SEK 460.00n/a5
Dec ’25SEK 489.00
SEK 576.00
+17.79%
11.44%SEK 640.00SEK 460.00n/a5
Nov ’25SEK 489.00
SEK 576.00
+17.79%
11.44%SEK 640.00SEK 460.00n/a5
Oct ’25SEK 580.00
SEK 574.00
-1.03%
11.31%SEK 660.00SEK 460.00n/a5
Sep ’25SEK 570.00
SEK 590.50
+3.60%
2.72%SEK 612.00SEK 575.00SEK 432.004
Aug ’25SEK 547.00
SEK 590.50
+7.95%
2.72%SEK 612.00SEK 575.00SEK 444.004
Jul ’25SEK 529.00
SEK 542.50
+2.55%
4.72%SEK 575.00SEK 515.00SEK 491.604
Jun ’25SEK 536.00
SEK 528.75
-1.35%
5.88%SEK 575.00SEK 490.00SEK 471.604
May ’25SEK 487.00
SEK 528.75
+8.57%
5.88%SEK 575.00SEK 490.00SEK 453.804
Apr ’25SEK 523.00
SEK 496.25
-5.11%
6.10%SEK 540.00SEK 455.00SEK 435.004
Mar ’25SEK 434.20
SEK 479.25
+10.38%
3.71%SEK 500.00SEK 455.00SEK 446.004
Feb ’25SEK 437.20
SEK 475.00
+8.65%
4.40%SEK 510.00SEK 455.00SEK 483.504
Jan ’25SEK 471.40
SEK 441.25
-6.40%
4.34%SEK 465.00SEK 420.00SEK 473.004
Dec ’24SEK 412.80
SEK 441.25
+6.89%
4.34%SEK 465.00SEK 420.00SEK 489.004
Nov ’24SEK 360.80
SEK 440.00
+21.95%
2.90%SEK 455.00SEK 425.00SEK 489.004
Oct ’24SEK 380.00
SEK 459.25
+20.86%
2.06%SEK 475.00SEK 450.00SEK 580.004
Sep ’24SEK 396.20
SEK 459.25
+15.91%
2.06%SEK 475.00SEK 450.00SEK 570.004
SEK 510
Fair Value
17.0% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/26 17:47
End of Day Share Price 2025/09/26 00:00
Earnings2025/06/30
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 11 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