CAST Stock Analysis: Castellum | ST
Real Estate - Development | ST, Sweden | Market Cap: 54.177m SEK | 12M Return: 11.3% | SE0000379190 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 122M
EPS Trend: -18.0%
Qual. Beats: 0
Rev. Trend: -91.8%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Castellum AB is a Swedish commercial property company that owns, manages, and develops real estate in growth cities across Sweden. As of 30 June 2026, the companys property portfolio was valued at approximately SEK 134 billion. The company is listed on Nasdaq Stockholm Large Cap under the ticker CAST and is incorporated in Sweden.
The company operates within the Real Estate Operating Companies sub-industry, focusing on commercial real estate assets in urban growth markets rather than residential or diversified holdings. Castellum holds a Green Equity Designation and is the only Swedish property company included in the Dow Jones Sustainability Indices, reflecting its emphasis on sustainable building practices and ESG-focused operations within the Nordic real estate sector.
- Riksbank rate cuts ease refinancing pressure on debt portfolio
- Nordic logistics segment expansion drives rental income growth
- Green bond issuance lowers funding costs versus peers
| Net Income: 2.68b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.55 > 1.0 |
| NWC/Revenue: -133.4% < 20% (prev -133.3%; Δ -0.08% < -1%) |
| CFO/TA 0.03 > 3% & CFO 4.19b > Net Income 2.68b |
| Net Debt (57.7b) to EBITDA (6.34b): 9.10 < 3 |
| Current Ratio: 0.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (462.7m) vs 12m ago -6.01% < -2% |
| Gross Margin: 68.15% > 18% (prev 68.12%; Δ 0.04% > 0.5%) |
| Asset Turnover: 6.15% > 50% (prev 6.18%; Δ -0.03% > 0%) |
| Interest Coverage Ratio: 2.93 > 6 (EBIT TTM 6.32b / Interest Expense TTM 2.16b) |
| A: -0.08 (Total Current Assets 15.5b - Total Current Liabilities 28.2b) / Total Assets 153b |
| B: 0.17 (Retained Earnings 26.4b / Total Assets 153b) |
| C: 0.04 (EBIT TTM 6.32b / Avg Total Assets 155b) |
| D: 0.98 (Book Value of Equity 75.9b / Total Liabilities 77.5b) |
| Altman-Z'' = 1.32 = BB |
As of October 20, 2026, the stock is trading at SEK 123.70 with a total of 796,546 shares traded. Over the past week, the price has changed by +3.82%, over one month by -2.60%, over three months by -4.74% and over the past year by +11.30%.
Current recommended Stop Loss: 118.20 (which is 4.4% or 2.6 ATR below the current price).
Castellum has no consensus analysts rating.
P/E Trailing = 22.5538
P/E Forward = 9.8135
P/S = 5.4394
P/B = 0.7185
P/EG = 0.9173
Revenue TTM = 9.55b SEK
EBIT TTM = 6.32b SEK
EBITDA TTM = 6.34b SEK
Long Term Debt = 30.9b SEK (from longTermDebt, last quarter)
Short Term Debt = 24.9b SEK (from shortTermDebt, last quarter)
Debt = 57.8b SEK (from shortLongTermDebtTotal, last quarter) + Leases 1.02b
Net Debt = 57.7b SEK (calculated: Debt 57.8b - CCE 93.0m)
Enterprise Value = 112b SEK (54.2b + Debt 57.8b - CCE 93.0m)
Interest Coverage Ratio = 2.93 (Ebit TTM 6.32b / Interest Expense TTM 2.16b)
EV/FCF = 35.93x (Enterprise Value 112b / FCF TTM 3.12b)
FCF Yield = 2.78% (FCF TTM 3.12b / Enterprise Value 112b)
FCF Margin = 32.63% (FCF TTM 3.12b / Revenue TTM 9.55b)
Net Margin = 28.04% (Net Income TTM 2.68b / Revenue TTM 9.55b)
Gross Margin = 68.15% ((Revenue TTM 9.55b - Cost of Revenue TTM 3.04b) / Revenue TTM)
Gross Margin QoQ = 69.71% (prev 64.71%)
Tobins Q-Ratio = 0.73 (Enterprise Value 112b / Total Assets 153b)
Interest Expense / Debt = 3.74% (Interest Expense 2.16b / Debt 57.8b)
Taxrate = 12.63% (387.0m / 3.06b)
NOPAT = 5.52b (EBIT 6.32b * (1 - 12.63%))
Current Ratio = 0.55 (Total Current Assets 15.5b / Total Current Liabilities 28.2b)
Debt / Equity = 0.76 (Debt 57.8b / totalStockholderEquity, last quarter 75.9b)
Debt / EBITDA = 9.10 (Net Debt 57.7b / EBITDA 6.34b)
Debt / FCF = 18.54 (Net Debt 57.7b / FCF TTM 3.12b)
Total Stockholder Equity = 72.7b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.72% (Net Income 2.68b / Total Assets 153b)
RoE = 3.68% (Net Income TTM 2.68b / Total Stockholder Equity 72.7b)
RoCE = 6.10% (EBIT 6.32b / Capital Employed (Equity 72.7b + L.T.Debt 30.9b))
RoIC = 3.68% (NOPAT 5.52b / Invested Capital 150b)
WACC = 4.94% (E(54.2b)/V(112b) * Re(6.72%) + D(57.8b)/V(112b) * Rd(3.74%) * (1-Tc(0.13)))
Discount Rate = 6.72% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -59.14 | Cagr: -2.75%
[DCF] Terminal Value 73.10% ; FCFF base≈3.49b ; Y1≈3.06b ; Y5≈2.47b
[DCF] Fair Price = N/A (negative equity: EV 39.7b - Net Debt 57.7b = -18.0b; debt exceeds intrinsic value)
EPS Correlation: -17.98 | EPS CAGR: -0.75% | SUE: 0.13 | # QB: 0
Revenue Correlation: -91.83 | Revenue CAGR: -2.07% | SUE: 0.72 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.22 | Chg30d=+8.29% | Revisions=+0% | Analysts=3
EPS current Year (2026-12-31): EPS=8.73 | Chg30d=-0.23% | Revisions=+17% | GrowthEPS=-2.5% | GrowthRev=-5.9%
EPS next Year (2027-12-31): EPS=8.88 | Chg30d=-0.74% | Revisions=-17% | GrowthEPS=+1.7% | GrowthRev=-10.3%
[Analyst] Revisions Ratio: +0% (up=4, down=4)