Affiliate with a leading position in iGaming

Catena Media

Catena Media is a rapidly growing online lead generator, historically focused on iGaming, but recently added a new vertical in the financial sector. Their vision is to be the world’s leading provider of value-creating online leads. Catena Media’s portfolio of websites includes AskGamblers, JohnSlots, BettingPro and Aktiendepot.com, with value created by the innovative and high-quality content. The business is run from Malta, with a main focus on regulated markets in the US, Europe, Japan and Australia. The group has successfully acquired several affiliate firms in recent years and has extensive experience integrating the acquired assets to maximize synergies and boost revenues.

Financials

CATENA MEDIA

EURm 2017 2018 2019
Sales 67 107 131
Sales growth (%) 66,3 61,1 21,7
EBITDA 33 51 67
EBITDA margin (%) 49 47,2 51
EBIT adj 32 44 56
EBIT adj margin (%) 47,9 41,2 43
Pretax profit 23 30 48
EPS rep 0,39 0,47 0,74
EPS growth (%) 25,6 18,8 57,6
EPS adj 0,46 0,51 0,74
DPS 0 0 0
EV/EBITDA (x) 20,1 14,5 10,6
EV/EBIT adj (x) 20,5 16,6 12,6
P/E (x) 26,8 21,6 13,7
P/E adj (x) 23 20 13,7
EV/sales (x) 9,8 6,8 5,4
FCF yield (%) -13,8 -7 -0,1
Dividend yield (%) 0 0 0
Net IB debt/EBITDA 2,8 2,6 1,6

Main shareholders

Catena Media

Main shareholders Share capital % Voting shares %
Swedbank Robur Fonder 9.1 % 9.1 %
Investment AB Öresund 8.7 % 8.7 %
Aveny Ltd 6.5 % 6.5 %
Pixel Wizard Ltd 6.0 % 6.0 %
Ruane, Cunniff & Goldfarb 5.9 % 5.9 %
Optimizer Invest Ltd 5.2 % 5.2 %
Andra AP-fonden 3.6 % 3.6 %
Baybets Limited 2.8 % 2.8 %
Knutsson Holdings AB 2.7 % 2.7 %
Avanza Pension 2.5 % 2.5 %