Catena is a Swedish owner of logistics and light-industrial properties, leasing warehouses and distribution centres mainly to tenants in Sweden, Finland and Denmark. The company's edge is its concentration in modern, long-leased logistics assets in the Nordics, which gives it high gross and operating margins (82.8% and 84.9%) and a rental base that is hard to replicate at scale. Revenue grew 25.5% over the reported period, and the forward P/E of 13.2 sits above the trailing 9.9, which suggests the market is pricing in some earnings normalisation rather than further acceleration. With an ROE of only 8.5% and no index membership, the stock is worth a deeper look mainly to test whether that growth is organic rental income and whether the margin profile holds once financing costs and property revaluations are stripped out.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 11:04 CEST | Rating | Fairly valued | first publication | kr 338 |
| 23 Oct 2026, 11:04 CEST | Fair value | kr 357 | first publication | kr 338 |
| 23 Oct 2026, 01:52 CEST | ACCE price target | kr 355 | first publication | kr 338 |
Answered from Catena AB (publ) fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| CATE.ST Catena AB (publ) | kr 358.20 | kr 357 | At fair value | 10.0x | 8.5% | 81 | 64 |
| TEG.DE TAG Immobilien AG | €11.38 | €14 | 16% below | 63.2x | 1.6% | 58 | 43 |
| HIAG.SW HIAG Immobilien Holding AG | CHF 131.80 | CHF 87 | 52% above | 8.6x | 13.0% | 86 | 70 |
| VESTA.MX Corporacion Inmobiliaria Vesta | MXN 67.76 | MXN 63 | 7% above | 8.2x | 14.1% | 86 | 83 |
| VTMX Corporacion Inmobiliaria Vesta S.A.B de C.V. American Depositary Shares each representing ten (10) Common Shares | $36.34 | $35 | 3% above | 7.9x | 14.1% | 86 | 81 |
| PARAUCO.SN Parq Arauco | CLP 3640.10 | - | - | 21.8x | 10.6% | 76 | 58 |
| ZUGN.SW Zug Estates Holding AG | CHF 2210.00 | CHF 1767 | 25% above | 17.6x | 5.9% | 81 | 45 |
Where CATE.ST ranks against its sector peers on each metric.