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 2018 2019 2020
Sales 105 131 150
Sales growth (%) 58,2 24 15,1
EBITDA 49 67 N/A
EBITDA margin (%) 49 46,7 51
EBIT adj 32 43 56
EBIT adj margin (%) 47,9 40,7 43
Pretax profit 29 48 60
EPS rep 0,45 0,74 0,91
EPS growth (%) 13,4 65,1 23,1
EPS adj 0,48 0,74 0,91
DPS 0 0 0
EV/EBITDA (x) 12,8 9,1 6,9
EV/EBIT adj (x) 14,7 10,8 8,1
P/E (x) 18,8 11,4 9,2
P/E adj (x) 17,3 11,4 9,2
EV/sales (x) 6 4,6 3,7
FCF yield (%) -8,6 -0,3 10,5
Dividend yield (%) 0 0 0
Net IB debt/EBITDA 2,7 1,6 0,7

Main shareholders

Catena Media

Main shareholders Share capital % Voting shares % Verified
Swedbank Robur Fonder 8.7 % 8.7 % 31 Dec 2018
Investment AB Öresund 8.6 % 8.6 % 31 Dec 2018
Bodenholm Capital 8.2 % 8.2 % 31 Dec 2018
Aveny Ltd 6.4 % 6.4 % 31 Dec 2018
Pixel Wizard Ltd 6.0 % 6.0 % 31 Dec 2018
Ruane, Cunniff & Goldfarb 5.9 % 5.9 % 29 Aug 2018
Andra AP-fonden 3.5 % 3.5 % 31 Dec 2018
Baybets Limited 2.8 % 2.8 % 31 Dec 2018
Knutsson Holding AB 2.6 % 2.6 % 31 Dec 2018
Avanza Pension 2.4 % 2.4 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

Catena Media

Name
Henrik Persson Ekdahl
Andre Lavold
Andreas Ericson
Fiona Ewins Brown
Fiona Ewins Brown
Fiona Ewins Brown
Mats Alders
Mats Alders
Andreas Ericson
Johannes Bergh
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