Castellum AB (CAST) AI Stock Analysis

• Market Cap: kr53.11B
• Dividend Yield: 1.61%
• Average Volume (3M): 1.31M
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.69
• Revenue Growth: -2.31%
• EPS Growth: N/A
• Country: SE
• Employees: 535
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): N/A
• Shares Outstanding: 492,601,440
• 10 Day Avg. Volume: 1,152,183
• 30 Day Avg. Volume: 1,308,227
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: kr114.67
• Price Target Upside: -1.15% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

• Rating: 65 Neutral
• Price Target: kr116.00 ▲(0.00% Upside)

Castellum AB's overall stock score reflects strong financial performance with robust profitability and a stable balance sheet. However, challenges with negative revenue growth and declining free cash flow are concerns. Technical indicators suggest short-term bullish momentum, while valuation metrics indicate the stock is fairly valued. The absence of earnings call and corporate events data limits further insights.

Castellum AB Business Overview & Revenue Model

Company Description

Castellum AB (CAST) is a leading real estate company based in Sweden, primarily engaged in the acquisition, development, and management of commercial properties. The company's portfolio includes office buildings, logistics facilities, and retail spaces, strategically located in urban areas and regional hubs across the Nordic countries. Castellum aims to create sustainable environments and foster innovation through its properties, focusing on long-term value creation and customer satisfaction.

How the Company Makes Money

Castellum generates revenue primarily through leasing its commercial properties to a diverse range of tenants, including businesses from various sectors such as technology, retail, and manufacturing. The company benefits from long-term lease agreements, which provide stable and predictable cash flows. Additionally, Castellum engages in property development projects, which contribute to its revenue through the sale or leasing of newly constructed spaces. Strategic partnerships with local governments and other businesses also enhance Castellum's ability to secure favorable development opportunities and expand its property portfolio. The company may also derive income from property management services and ancillary services related to its real estate assets.

Castellum AB Financial Statement Overview

Summary

Castellum AB demonstrates strong profitability and a solid balance sheet, with efficient cost management and a stable capital structure. However, the company faces challenges with negative revenue growth and declining free cash flow, which could impact future financial flexibility. Monitoring leverage and improving cash flow generation will be crucial for sustaining financial health.

Income Statement

Castellum AB's income statement shows mixed performance. The company has maintained a strong gross profit margin around 68% in TTM, indicating efficient cost management. However, revenue growth has been negative recently, with a TTM decline of 1.28%. Net profit margin improved to 27.44% in TTM, reflecting better profitability. The EBIT margin remains robust at 58.05%, but the EBITDA margin has decreased compared to previous years. Overall, while profitability metrics are strong, the negative revenue growth is a concern.

Balance Sheet

The balance sheet of Castellum AB reflects a stable financial position with a debt-to-equity ratio of 0.76 in TTM, indicating moderate leverage. The equity ratio is healthy, suggesting a strong capital structure. Return on equity improved to 3.39% in TTM, showing better utilization of equity. Despite the high total debt, the company's equity base provides a cushion, but the leverage needs monitoring.

Cash Flow

Cash flow analysis reveals challenges with free cash flow growth, which declined by 10.19% in TTM. The operating cash flow to net income ratio is low at 0.28, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is strong at 0.99, suggesting that the company is generating sufficient cash relative to its net income. Overall, while cash generation relative to income is strong, the declining free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.66B	9.73B	9.81B	8.99B	6.35B	6.00B
Gross Profit	6.56B	6.67B	6.57B	5.76B	4.32B	4.32B
EBITDA	4.97B	6.49B	-12.27B	1.30B	12.48B	8.13B
Net Income	2.65B	2.36B	-11.59B	1.75B	11.83B	5.62B
Balance Sheet
Total Assets	157.13B	157.86B	159.34B	179.73B	177.63B	109.92B
Cash, Cash Equivalents and Short-Term Investments	174.00M	2.40B	2.09B	858.00M	1.20B	161.00M
Total Debt	59.31B	60.10B	63.11B	78.44B	72.57B	46.61B
Total Liabilities	79.32B	78.69B	82.16B	100.75B	94.00B	61.67B
Stockholders Equity	77.81B	79.17B	77.18B	78.98B	82.94B	48.24B
Cash Flow
Free Cash Flow	4.13B	4.20B	4.72B	5.13B	-14.63B	2.94B
Operating Cash Flow	4.19B	4.30B	4.81B	4.30B	2.60B	2.94B
Investing Cash Flow	-3.99B	46.00M	800.00M	-2.53B	-13.97B	-6.51B
Financing Cash Flow	-752.00M	-4.07B	-4.38B	-2.16B	12.40B	3.55B

Castellum AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 116.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:CAST, the sentiment is Positive. The current price of 116 is above the 20-day moving average (MA) of 108.54, above the 50-day MA of 107.56, and above the 200-day MA of 112.73, indicating a bullish trend. The MACD of 2.05 indicates Negative momentum. The RSI at 73.49 is Negative, neither overbought nor oversold. The STOCH value of 92.94 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:CAST.

Castellum AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BALD.B	73 Outperform	kr86.37B	13.62	7.43%	―	7.80%	―
WIHL	73 Outperform	kr29.76B	15.65	8.38%	3.26%	5.54%	4011.70%
SAGA.A	72 Outperform	€77.10B	21.85	―	1.57%	11.73%	100.56%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
CAST	65 Neutral	kr53.11B	20.76	3.95%	1.61%	-2.31%	―
PNDX.B	65 Neutral	kr36.12B	26.72	4.29%	2.27%	1.21%	158.02%
FABG	58 Neutral	kr25.70B	127.86	0.76%	2.19%	-3.46%	―

Castellum AB Corporate Events

Castellum AB Reports Q3 2025 Financials Amid Leadership Changes

Castellum AB’s Q3 2025 interim report reveals a slight decrease in rental income and net operating income compared to the previous year, with net income after tax showing a significant increase. The company appointed a new CEO and confirmed its credit rating, indicating a stable outlook despite the challenges in the property market.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK116.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum to Present January-September 2025 Interim Report

Castellum AB has announced a live presentation of its interim report for January-September 2025, scheduled for October 23. The presentation will feature insights from CEO Pål Ahlsén and CFO Jens Andersson, providing stakeholders with an opportunity to engage and ask questions via webcast or teleconference.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK98.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

S&P Confirms Castellum’s BBB Credit Rating

Castellum AB’s credit rating of BBB with a stable outlook has been confirmed by S&P Global Ratings, reinforcing its stable business model and strong financial position. This confirmation is expected to strengthen Castellum’s position in the capital market, potentially leading to lower financing costs over time.

The most recent analyst rating on (SE:CAST) stock is a Sell with a SEK120.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum Appoints Pål Ahlsén as New CEO to Drive Profitability

Castellum AB has appointed Pål Ahlsén as its new CEO, effective August 28, 2025. Ahlsén, who previously led Akelius Residential Property’s international expansion, is expected to focus on profitability and value creation for shareholders. The Board and Ahlsén aim to develop a new strategy to enhance Castellum’s profitability, signaling a strategic shift for the company.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK121.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum AB Retains Nasdaq Green Equity Designation

Castellum AB has successfully retained its Nasdaq Green Equity Designation, confirming its commitment to sustainability. This designation, which requires at least 50% of revenue and investments to be green, highlights Castellum’s strong performance in sustainable practices, with 56% of its revenue and 72% of its investments classified as green. This achievement enhances transparency for investors seeking sustainable investments and supports the company’s positioning as a leader in green investments, contributing to societal development and climate goals.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK121.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.

Castellum Updates Green Financing Framework to Enhance Sustainability Efforts

Castellum has launched an updated Green Financing Framework, reflecting its commitment to sustainability and alignment with market developments. This framework, developed with Handelsbanken and assessed by S&P, aims to diversify funding sources and strengthen Castellum’s position in banking and capital markets.

The most recent analyst rating on (SE:CAST) stock is a Hold with a SEK121.00 price target. To see the full list of analyst forecasts on Castellum AB stock, see the SE:CAST Stock Forecast page.