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Catalyst Potential

It is important to look beyond the numbers and seek a likely catalysts, which could unlock value, and estimate how long it will take for the catalyst to play out. These events, or Catalyst Potential, reduce risk by narrowing the gap between price and value in a more predictable way. This is particularly important when investing in a low-quality business where time is like a ticking bomb stacked against the company.

Catalyst Potential is a Premium members feature in Redeye Universe.

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Redeye Rating

Henrik Alveskog

Equity Analyst

henrik.alveskog@redeye.se

+46854501345

Company Quality

  • 7.0
  • 8.0
  • 6.0
  • 7.0
  • 7.5

Leadership

Exclusive for members

De senaste två åren har ledningen uppenbarligen fått betydligt bättre kontroll över verksamheten. Vi anser att Catella fortfarande saknar något av en övergripande vision som tydligt stakar ut vägen och visar ambitionen på lite längre sikt. Kommunikationen är bra för ett bolag i denna storlek och ledningen har visat öppenhet och en ambition att beskriva både framgångar och motgångar.  

Ownership

Exclusive for members

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Profit outlook

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Profitability

Exclusive for members

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Capital Strength

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Key Model Assumptions - The Bear Case

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Key Model Assumptions - The Bull Case

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Key Model Assumptions - The Base Case

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Latest price

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Fair Value Range

Last Price
Key Model Assumptions - The Bear Case
Key Model Assumptions - The Bull Case
Key Model Assumptions - The Base Case

Catalyst Potential

Impact

Timeframe

Short
Mid
Long

Company description

Huvuddelen av den nuvarande koncernen har sina rötter i det bolag som bildades i slutet av 1980-talet. Catella köptes år 2010 av Scribona som var noterat på First North. Det nya bolaget bytte namn till Catella som stod för huvuddelen av den operativa verksamheten och hade ett välkänt varumärke. Read more...

Huvuddelen av den nuvarande koncernen har sina rötter i det bolag som bildades i slutet av 1980-talet. Catella köptes år 2010 av Scribona som var noterat på First North. Det nya bolaget bytte namn till Catella som stod för huvuddelen av den operativa verksamheten och hade ett välkänt varumärke. Scribona bestod främst av bolåneportföljerna i det brittiska dotterbolaget EETI samt Banque Invik, som numera heter Catella Bank.

Rörelsen bedrivs i två verksamhetsgrenar: Corporate Finance och Kapitalförvaltning. Corporate Finance är sedan 2016 helt inriktad mot fastighetsaffärer där de har en stark marknadsposition i ett flertal länder i Europa. Sverige och Frankrike har historiskt varit deras viktigaste marknader. Verksamhetsgrenen Kapitalförvaltning innefattar fondförvaltning, diskretionär förvaltning samt en kreditkortsrörelse. Den senare ingår, tillsammans med den diskretionära förvaltningen i Catella Bank.
Under 2016 omsatte koncernen 2 miljarder kronor och redovisade ett resultat före skatt om 497 MSEK (270 MSEK exklusive engångsintäkter).

Less...

TODAY

Day High
19.90
19.40
0.10
+ 0.5%
Day Low
19.30
Day Open
18.80
Prev Close
19.30
VWAP
19.6
Volume
11K
Turnover
0.208M
Top Broker
SHB
VWAP
19.0
Avg Volume
79K
Avg Turnover
1.502M
Top Brokers
SHB/AVA

52 WEEK SUMMARY

Price Range
Beta
n/a
Market Cap
1,579.7M
Total Return
0.5%
Trailing P/E
5.8
Div Yield
4.1%
Shares Outstanding
81.8M
Next Earnings Date
12 May
Stock Exchange
NASDAQ Stockholm

Identify and measure trend strength in stocks with our Momentum tool to identify potential entry and exit signals. The tool provides a set of the most simple but powerful indicators that identify whether a stock is under sell or buy pressure.

Relative Price Strength
Rel Price Chg 3 Months -17.8%
Rel Price Chg 12 Months -14.4%
Volume Trend
Avg Vol 10 vs 60 Days -28.5%
Price vs...
52-Week High -21.5%
50-Day Moving Average -6.2%
200-Day Moving Average -12.3%

Historic pricing of Catella

Last price: 19.40 SEK

Loading data...

Prev Close [[ prevClose|number:2 ]] SEK Change [[ changeValue|number:2 ]] %
High [[ highValue|number:2 ]] SEK Avg Daily Volume [[ avgVolume|number:0 ]] Shares
Low [[ lowValue|number:2 ]] SEK Avg Daily Turnover [[ graphAvgTurnover|number:2 ]] SEK

Management

Knut Pedersen, CEO
Marcus Holmstrand, CFO

Executive Board

Johan Claesson, Chairman of the board

Last updated: 2017-03-22 Source: Redeye

Major Holders

Owner Equity Votes
Claesson & Anderzén 48.9%
48.2%
Bure Equity 10.7%
11.1%
Handelsbanken Fonder 3.7%
3.3%
Avanza Pension 2.4%
2.2%
Nordnet Pensionsförsäkring 2.0%
1.8%
Thomas Andersson Borstam 1.6%
1.5%
Swedbank Försäkring 1.3%
1.2%
MP Pensjon PK 1.2%
1.1%
Curia 0.7%
0.7%
AXA 0.7%
0.6%

Last updated: 2017-03-22 Source: Redeye

Insider transaction summary

Total insider purchases and sales reported

Timeframe Transactions Net Shares
Last 12 Weeks

0 Purchases

+ 0

0 Sales

- 0

Last 24 Weeks

0 Purchases

+ 0

0 Sales

- 0

Most recent insider transactions

Exclusive for members
Report Date Name Position Transaction Shares Chg Est Value (SEK)
2015-12-15 Svensson, Sture ANB Sale + 85 1
2015-12-15 Kvist, Sture ANB Sale + 9 133
2015-12-15 Svensson, Kim ANB Sale + 71 173
2015-12-15 Kvist, Sture ANB Sale + 70 164
2015-12-15 Svensson, Sture ANB Sale + 81 122

Source: Millistream – FI

More
  • Profitability
  • ROE
  • ROCE
  • ROIC
  • EBITDA margin
  • EBIT margin
  • Net margin
  • Per share data (SEK)
  • EPS
  • EPS adj
  • Dividend
  • Net debt
  • Total shares
  • Valuation
  • EV (SEKm)
  • P/E
  • P/E diluted
  • P/Sales
  • EV/Sales
  • EV/EBITDA
  • EV/EBIT
  • P/BV
  • Capital structure
  • Equity ratio
  • Debt/equity ratio
  • Net debt (SEKm)
  • Capital employed (SEKm)
  • Capital turnover rate
Previous year Next year
2014
  • 21.0%
  • 12.7%
  • 19.6%
  • 12.3%
  • 11.0%
  • 14.9%
  • 2.66
  • 2.66
  • 0.20
  • -5.07
  • 81.7M
  • 1,171.0
  • 7.3
  • 7.3
  • 1.1
  • 0.8
  • 6.5
  • 7.3
  • 1.4
  • 28.7%
  • 18.2%
  • -414
  • 835
  • 0.3
2015
  • 19.7%
  • 16.7%
  • 27.1%
  • 14.7%
  • 13.6%
  • 13.1%
  • 2.99
  • 2.99
  • 0.60
  • -7.74
  • 81.7M
  • 953.0
  • 6.5
  • 6.5
  • 0.8
  • 0.5
  • 3.5
  • 3.8
  • 1.2
  • 28.7%
  • 10.9%
  • -632
  • 777
  • 0.4
2016
  • 18.8%
  • 14.7%
  • 23.8%
  • 13.4%
  • 12.7%
  • 13.4%
  • 3.31
  • 3.31
  • 0.80
  • -6.08
  • 81.8M
  • 1,089.9
  • 5.9
  • 5.9
  • 0.8
  • 0.5
  • 4.0
  • 4.2
  • 1.0
  • 30.6%
  • 9.6%
  • -498
  • 1,181
  • 0.4
2017E
  • 9.3%
  • 16.3%
  • 19.7%
  • 14.7%
  • 14.0%
  • 6.8%
  • 1.81
  • 1.81
  • 1.00
  • -6.47
  • 81.8M
  • 1,058.5
  • 10.7
  • 10.7
  • 0.7
  • 0.5
  • 3.3
  • 3.5
  • 0.9
  • 32.5%
  • 0.0%
  • -529
  • 1,233
  • 0.4
2018E
  • 9.4%
  • 17.2%
  • 19.7%
  • 15.1%
  • 14.3%
  • 7.1%
  • 1.94
  • 1.94
  • 1.10
  • -6.87
  • 81.8M
  • 1,025.5
  • 10.0
  • 10.0
  • 0.7
  • 0.5
  • 3.0
  • 3.2
  • 0.9
  • 33.3%
  • 0.0%
  • -562
  • 1,276
  • 0.4
2019E
  • 9.7%
  • 17.4%
  • 20.0%
  • 15.7%
  • 14.7%
  • 7.5%
  • 2.09
  • 2.09
  • 1.10
  • -7.58
  • 81.8M
  • 967.2
  • 9.3
  • 9.3
  • 0.7
  • 0.4
  • 2.7
  • 2.9
  • 0.9
  • 34.1%
  • 0.0%
  • -621
  • 1,299
  • 0.4
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • EBITDA
  • Depreciation
  • Amortization
  • Impairment charges
  • EBIT
  • Share in profits
  • Net financial items
  • Exchange rate dif.
  • Pre-tax profit
  • Tax
  • Net earnings
Previous year Next year
2014
  • 1,457
  • -1,278
  • 179
  • -19
  • -7
  • 0
  • 160
  • 0
  • 88
  • 0
  • 248
  • -20
  • 217
2015
  • 1,866
  • -1,592
  • 274
  • -20
  • -7
  • 0
  • 254
  • 0
  • 53
  • 0
  • 307
  • -34
  • 244
2016
  • 2,027
  • -1,755
  • 272
  • -14
  • 0
  • 0
  • 258
  • 0
  • 239
  • 0
  • 497
  • -141
  • 271
2017E
  • 0
  • 3
  • 8
  • 3
  • 0
  • 3
  • 3
  • 2
  • 1
  • 7
  • 4
  • 2
  • 10
Q1E
  • 4
  • 6
  • 10
  • 0
  • 7
  • 7
  • 7
  • 3
  • 7
  • 8
  • 8
  • 10
  • 9
Q2E
  • 0
  • 6
  • 6
  • 0
  • 3
  • 0
  • 1
  • 7
  • 6
  • 2
  • 6
  • 7
  • 9
Q3E
  • 5
  • 4
  • 0
  • 7
  • 3
  • 5
  • 6
  • 9
  • 10
  • 8
  • 5
  • 5
  • 7
Q4E
  • 4
  • 4
  • 6
  • 1
  • 0
  • 5
  • 1
  • 6
  • 10
  • 4
  • 7
  • 2
  • 4
2017E
  • 10
  • 8
  • 5
  • 2
  • 4
  • 5
  • 7
  • 5
  • 4
  • 9
  • 0
  • 8
  • 1
2018E
  • 6
  • 0
  • 10
  • 10
  • 5
  • 5
  • 9
  • 7
  • 0
  • 9
  • 2
  • 1
  • 3
Q1E
  • 3
  • 2
  • 3
  • 5
  • 5
  • 9
  • 6
  • 5
  • 8
  • 0
  • 9
  • 1
  • 1
Q2E
  • 4
  • 3
  • 3
  • 0
  • 6
  • 2
  • 7
  • 7
  • 5
  • 2
  • 1
  • 6
  • 1
Q3E
  • 1
  • 4
  • 8
  • 1
  • 6
  • 9
  • 7
  • 3
  • 7
  • 4
  • 4
  • 6
  • 4
Q4E
  • 6
  • 10
  • 8
  • 0
  • 8
  • 0
  • 0
  • 10
  • 7
  • 6
  • 5
  • 1
  • 2
2018E
  • 8
  • 5
  • 0
  • 3
  • 4
  • 8
  • 7
  • 7
  • 7
  • 5
  • 2
  • 5
  • 1
2019E
  • 9
  • 4
  • 8
  • 10
  • 1
  • 0
  • 9
  • 10
  • 2
  • 4
  • 8
  • 3
  • 7
Previous year Next year
    (SEKm)
  • Assets
  • Current assets
  • Cash in banks
  • Receivables
  • Inventories
  • Other current assets
  • Current assets
  • Fixed assets
  • Tangible assets
  • Associated comp.
  • Investments
  • Goodwill
  • Cap. exp. for dev.
  • O intangible rights
  • O non-current assets
  • Total fixed assets
  • Deferred tax assets
  • Total (assets)
  • Liabilities
  • Current liabilities
  • Short-term debt
  • Accounts payable
  • O current liabilities
  • Current liabilities
  • Long-term debt
  • O long-term liabilities
  • Convertibles
  • Total Liabilities
  • Deferred tax liab
  • Provisions
  • Shareholders' equity
  • Minority interest (BS)
  • Minority & equity
  • Total liab & SE
Previous year Next year
2014
  • 614
  • 426
  • 0
  • 2,392
  • 3,432
  • 24
  • 0
  • 297
  • 278
  • 0
  • 79
  • 168
  • 848
  • 76
  • 4,356
  • 0
  • 548
  • 2,307
  • 2,855
  • 200
  • 0
  • 0
  • 3,055
  • 27
  • 23
  • 1,163
  • 88
  • 1,251
  • 4,356
2015
  • 832
  • 449
  • 0
  • 2,681
  • 3,962
  • 24
  • 0
  • 274
  • 278
  • 0
  • 85
  • 253
  • 941
  • 108
  • 5,011
  • 0
  • 634
  • 2,692
  • 3,326
  • 200
  • 0
  • 0
  • 3,526
  • 21
  • 28
  • 1,319
  • 117
  • 1,436
  • 5,011
2016
  • 698
  • 493
  • 0
  • 2,717
  • 3,908
  • 26
  • 0
  • 382
  • 282
  • 0
  • 130
  • 775
  • 1,646
  • 97
  • 5,651
  • 200
  • 739
  • 2,945
  • 3,884
  • 0
  • 0
  • 0
  • 3,884
  • 34
  • 3
  • 1,563
  • 167
  • 1,730
  • 5,651
2017E
  • 10
  • 10
  • 0
  • 10
  • 10
  • 0
  • 4
  • 2
  • 7
  • 7
  • 6
  • 4
  • 5
  • 6
  • 2
  • 7
  • 2
  • 5
  • 4
  • 9
  • 9
  • 1
  • 0
  • 7
  • 10
  • 0
  • 9
  • 5
  • 10
2018E
  • 9
  • 6
  • 3
  • 6
  • 3
  • 2
  • 10
  • 4
  • 6
  • 10
  • 3
  • 5
  • 8
  • 4
  • 0
  • 3
  • 8
  • 9
  • 3
  • 10
  • 4
  • 1
  • 10
  • 4
  • 5
  • 7
  • 8
  • 1
  • 4
2019E
  • 0
  • 6
  • 0
  • 5
  • 1
  • 3
  • 9
  • 3
  • 0
  • 9
  • 2
  • 0
  • 8
  • 1
  • 9
  • 8
  • 0
  • 2
  • 8
  • 2
  • 3
  • 5
  • 5
  • 8
  • 0
  • 10
  • 7
  • 4
  • 9
Previous year Next year
    (SEKm)
  • Net sales
  • Total operating costs
  • Depreciations total
  • EBIT
  • Taxes on EBIT
  • NOPLAT
  • Depreciation
  • Gross cash flow
  • Change in WC
  • Gross CAPEX
  • Free cash flow
Previous year Next year
2014
  • 1,457
  • -1,278
  • -19
  • 160
  • -13
  • 147
  • 19
  • 166
  • -55
  • -50
  • 62
2015
  • 1,866
  • -1,592
  • -20
  • 254
  • -28
  • 226
  • 20
  • 246
  • 159
  • -88
  • 284
2016
  • 2,027
  • -1,755
  • -14
  • 258
  • -73
  • 185
  • 14
  • 199
  • 278
  • -695
  • -219
2017E
  • 5
  • 0
  • 2
  • 9
  • 2
  • 5
  • 8
  • 9
  • 9
  • 6
  • 0
2018E
  • 3
  • 1
  • 9
  • 8
  • 6
  • 9
  • 7
  • 1
  • 4
  • 1
  • 9
2019E
  • 6
  • 5
  • 5
  • 9
  • 2
  • 1
  • 4
  • 9
  • 9
  • 0
  • 3
Previous year Next year
More