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 25,775 - -
Change - -24.21% 34.32% 20.62% -4.69% -5.28% - -
Enterprise Value (EV) 1 33,801 26,238 35,222 44,504 44,538 50,091 49,920 49,924
Change - -22.38% 34.24% 26.35% 0.08% 12.47% -0.34% 0.01%
P/E 8.46x 8.7x 23.9x 24.4x - 12.6x 12.2x 11.8x
PBR 2.07x 1.16x 1.36x 1.24x 1.14x 0.9x 0.86x 0.81x
PEG - -0.3x -0.4x -12.68x - - 3.32x 3.47x
Capitalization / Revenue 16.8x 11.4x 13.1x 13x 10.3x 8.14x 7.48x 7.25x
EV / Revenue 24.4x 17x 19.5x 20.3x 16.8x 15.8x 14.5x 14x
EV / EBITDA 31.7x 22.3x 25.1x 25.7x 20.8x 19.4x 17.6x 17x
EV / EBIT 31.8x 22.3x 24.4x 25.7x 20.8x 18.4x 17.7x 17.2x
EV / FCF -43.1x -82.8x -36.8x -14.2x - -15.9x 39.7x 38.2x
FCF Yield -2.32% -1.21% -2.72% -7.03% - -6.3% 2.52% 2.61%
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% 2.64% 2.76% 2.89%
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 3,165 3,448 3,554
EBITDA 1 1,065 1,178 1,404 1,731 2,141 2,586 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 24,316 24,145 24,149
Reference price 2 564.00 388.60 471.40 473.00 450.80 388.20 388.20 388.20
Nbr of stocks (in thousands) 41,227 45,349 50,212 60,360 60,360 66,396 - -
Announcement Date 22/02/22 22/02/23 22/02/24 20/02/25 20/02/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- 15.83x19.37x2.64% 2.69B
15.82x5x13.46x3.2% 45.05B
8.73x1.51x7.87x4.07% 30.18B
18.8x4.1x16.57x1.3% 28.78B
5.5x0.66x1.4x9.09% 26.47B
14.25x3.13x14.96x2.46% 25.91B
8.16x0.9x3.29x2.74% 20.87B
10.81x2.05x9.59x4.11% 20.47B
13.59x6.57x17.49x1.57% 19.61B
10.46x1.52x12.68x3.63% 19.29B
Average 11.79x 4.13x 11.67x 3.48% 23.93B
Weighted average by Cap. 12.22x 3.13x 11.07x 3.59%

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