Company Valuation: Catena AB

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,252 17,623 23,670 28,550 27,210 25,005 - -
Change - -24.21% 34.32% 20.62% -4.69% -8.11% - -
Enterprise Value (EV) 1 33,801 26,238 35,222 44,504 44,538 49,146 49,149 49,153
Change - -22.38% 34.24% 26.35% 0.08% 10.35% 0.01% 0.01%
P/E 8.46x 8.7x 23.9x 24.4x - 12.3x 11.8x 11.4x
PBR 2.07x 1.16x 1.36x 1.24x 1.14x 0.88x 0.83x 0.79x
PEG - -0.3x -0.4x -12.68x - - 3.21x 3.36x
Capitalization / Revenue 16.8x 11.4x 13.1x 13x 10.3x 7.87x 7.25x 7.04x
EV / Revenue 24.4x 17x 19.5x 20.3x 16.8x 15.5x 14.3x 13.8x
EV / EBITDA 31.7x 22.3x 25.1x 25.7x 20.8x 18.9x 17.3x 16.8x
EV / EBIT 31.8x 22.3x 24.4x 25.7x 20.8x 18x 17.4x 17x
EV / FCF -43.1x -82.8x -36.8x -14.2x - -15.6x 39.1x 37.7x
FCF Yield -2.32% -1.21% -2.72% -7.03% - -6.42% 2.56% 2.66%
Dividend per Share 2 8 8.26 8.5 9 9.5 10.25 10.7 11.22
Rate of return 1.42% 2.13% 1.8% 1.9% 2.11% 2.72% 2.84% 2.98%
EPS 2 66.63 44.68 19.74 19.36 - 30.7 31.83 32.91
Distribution rate 12% 18.5% 43.1% 46.5% - 33.4% 33.6% 34.1%
Net sales 1 1,387 1,544 1,808 2,193 2,651 3,176 3,448 3,554
EBITDA 1 1,065 1,178 1,404 1,731 2,141 2,598 2,839 2,928
EBIT 1 1,062 1,178 1,443 1,731 2,141 2,726 2,821 2,900
Net income 1 2,692 1,996 986 1,080 1,644 1,991 1,828 1,879
Net Debt 1 10,549 8,615 11,552 15,954 17,328 24,141 24,145 24,149
Reference price 2 564.00 388.60 471.40 473.00 450.80 376.60 376.60 376.60
Nbr of stocks (in thousands) 41,227 45,349 50,212 60,360 60,360 66,396 - -
Announcement Date 2/22/22 2/22/23 2/22/24 2/20/25 2/20/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 15.47x18.92x2.72% 2.58B
14.04x4.51x12.17x3.61% 39.98B
17.8x3.94x15.85x1.38% 28.22B
7.88x1.42x7.8x4.49% 26.51B
5.45x0.65x1.36x9.17% 26.23B
13.78x3.08x14.74x2.54% 26.13B
10.63x2.15x9.15x3.95% 21.37B
7.85x0.87x3.17x2.85% 20.08B
13.11x6.41x16.85x1.66% 19.31B
37.44x13.73x34.11x3.16% 18.14B
Average 14.22x 5.22x 13.41x 3.55% 22.85B
Weighted average by Cap. 13.69x 3.95x 12.31x 3.71%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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