Catenon (XMAD:COM) Intrinsic Value: Projected FCF: €0.63 (As of Aug. 13, 2026) — 86% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XMAD:COM Catenon SA XMAD:COM
73 GF Score
Price €1.00
GF Value €1.21
Valuation Modestly Undervalued
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What is Catenon Intrinsic Value: Projected FCF?

Catenon XMAD:COM +2.04% 73 Intrinsic Value: Projected FCF is €0.63 as of Aug. 13, 2026, which is 100% below its 10-year median of 4.41. GuruFocus rates XMAD:COM with a GF Score™ of 73/100 and a GF Value™ of €1.21 (Modestly Undervalued). Among 685 Business Services companies, Catenon ranks worse than 74.45% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-13), Catenon's Intrinsic Value: Projected FCF is €0.63. The stock price of Catenon is €1.00. Therefore, Catenon's Price-to-Intrinsic-Value-Projected-FCF of today is 1.6.

The historical rank and industry rank for Catenon's Intrinsic Value: Projected FCF or its related term are showing as below:

XMAD:COM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.27   Med: 4.41   Max: 28
Current: 1.59

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Catenon was 28.00. The lowest was 1.27. And the median was 4.41.

XMAD:COM's Price-to-Projected-FCF is ranked worse than
74.45% of 685 companies
in the Business Services industry
Industry Median: 0.88 vs XMAD:COM: 1.59

Catenon  (XMAD:COM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Catenon's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=1.00/0.62539892868582
=1.60

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Catenon Intrinsic Value: Projected FCF Related Terms


Catenon Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Catenon's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Catenon Intrinsic Value: Projected FCF Chart

Catenon Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.43 0.59 0.53 0.63

Catenon Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.00 0.53 0.00 0.63

XMAD:COM vs KFY, RHI, TNET: Intrinsic Value: Projected FCF Comparison

For the Staffing & Employment Services subindustry, Catenon's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Catenon Price-to-Projected-FCF vs Business Services Industry

For the Business Services industry and Industrials sector, Catenon's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Catenon's Price-to-Projected-FCF falls into.


XMAD:COM
73GF Score
Catenon SA XMAD:COM
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Catenon Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Catenon's Free Cash Flow(6 year avg) = €0.57.

Catenon's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(13.410827369688*0.57371428571429+4.214*0.8)/17.693
=0.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of €0.63 mean?
Catenon (XMAD:COM) has a Intrinsic Value: Projected FCF of €0.63 as of Aug. 13, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Catenon and its competitors. This is 86% below median its historical median of 4.41. Over the past decade, Catenon's Intrinsic Value: Projected FCF has ranged from 1.27 to 28.00. According to the industry distribution chart, Catenon ranks #510 out of 685 companies in the Business Services industry, placing it in the top 74.5%.
Is Catenon's Intrinsic Value: Projected FCF too high?
Catenon's current Intrinsic Value: Projected FCF of €0.63 is 86% below median its 10-year median of 4.41. Over the past 10 years, this metric has ranged from a low of 1.27 to a high of 28.00. Based on the distribution chart, Catenon ranks #510 out of 685 companies in the Business Services industry, which is below the industry midpoint. Overall, Catenon has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Catenon's Intrinsic Value: Projected FCF compare to KFY and RHI?
According to the Business Services industry distribution chart, Catenon ranks #510 out of 685 companies for Intrinsic Value: Projected FCF. This places Catenon in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.88. Historically, Catenon's own Intrinsic Value: Projected FCF has ranged from 1.27 to 28.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Business Services company?
The median Intrinsic Value: Projected FCF among Business Services companies is 0.88, based on 685 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Catenon and its competitors. For the Business Services industry, the median Intrinsic Value: Projected FCF is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Catenon's current Intrinsic Value: Projected FCF is €0.63, which is 86% below median its own 10-year median of 4.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Catenon stock overvalued right now?
Based on GuruFocus' analysis, Catenon (XMAD:COM) is currently considered Modestly Undervalued. The stock's GF Value™ is €1.21, compared to a current price of €1.00 — trading 17.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is €0.63, which is 86% below median its 10-year median of 4.41. Catenon's overall GF Score™ is 73/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Catenon (XMAD:COM), the current Intrinsic Value: Projected FCF is €0.63 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Catenon (XMAD:COM) Overvalued in 2026?

Based on GuruFocus' analysis, Catenon stock appears to be undervalued. The current stock price of €1.00 is trading 17.4% below its estimated GF Value™ of €1.21. GuruFocus considers Catenon to be Modestly Undervalued.

Key valuation signals for XMAD:COM:

  • Intrinsic Value: Projected FCF: €0.63 (86% below median its 10-year median of 4.41)
  • GF Value™: €1.21 vs. price of €1.00 (17.4% below fair value)
  • GF Score™: 73/100

No single metric tells the full story. See the XMAD:COM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Catenon Business Description

Other Exchanges 8Y9:Germany
Address PASEO De la Castellana 259C, Floor 20, South Office, Madrid, ESP, 28046
Catenon SA is an executive search firm, which has a team of professionals from multiple countries, all of whom participate in domestic and international search processes in different countries and cultural settings. The company has operations in Europe, Asia, America, Oceania and Africa. Its technology platform introduces the candidates from around the world to its clients eliminating the geographical distance between candidates and stakeholders.
73GF Score

Get the complete analysis for XMAD:COM

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.00
Price
€1.21
GF Value