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CapMan

1.71 EUR

+1.67 %

13,121 following
Corporate customer

CAPMAN

NASDAQ Helsinki

Investment

Financials

Overview
Financials & Estimates
Dividend
Compare
+1.67 %
-8.07 %
-11.23 %
-11.96 %
-7.07 %
-7.97 %
-37.32 %
-33.80 %
-22.36 %

CapMan is an investment company. The vision is to be a long-term owner and create added value for the shareholders in the long term. CapMan mainly invests in medium-sized unlisted companies, properties and infrastructure facilities around the Nordic market. Furthermore, the company offers asset management, purchasing activities as well as analysis, reporting and back office services. CapMan was founded in 1989 and its headquarters are in Helsinki, Finland.

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Market cap
302.66M EUR
Turnover
337.82K EUR
P/E (adj.) (26e)
11.28
EV/EBIT (adj.) (26e)
8.64
P/B (26e)
1.58
EV/S (26e)
4.34
Dividend yield-% (26e)
7.61 %
Coverage
Recommendation
Accumulate
Target price
2.10 EUR
Updated
2026-02-12
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 2026-02-13

Latest extensive report

Released: 2024-10-21

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6/5
2026

Interim report Q1'26

6/8
2026

Interim report Q2'26

5/11
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types
Regulatory press release3/25/2026, 3:55 PM

CapMan Oyj: Commencement of new performance period in CapMan Plc's long-term share-based incentive plan

CapMan
Regulatory press release3/25/2026, 3:50 PM

CapMan Oyj: CapMan Plc's directed share issue without payment to implement reward payments under Performance Share Plan

CapMan
Regulatory press release3/25/2026, 3:45 PM

CapMan Oyj: Decisions of the organisational meeting of CapMan Plc Board of Directors

CapMan

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Regulatory press release3/25/2026, 12:30 PM

CapMan Oyj: Decisions of the Annual General Meeting of CapMan Plc

CapMan
Analyst Comment3/24/2026, 8:04 AM by
Sauli Vilén

Impact of rising interest rates on asset managers: Who wins and who loses?

The effects of rising interest rates vary significantly from company to company. The biggest winners are fixed-income asset managers.

TaalerieQEvliUnited BankersAlexandria GroupCapManTitaniumMandatumAktia Pankki
CapMan expands into infrastructure debt
Analyst Comment3/20/2026, 8:16 AM by
Sauli Vilén

CapMan expands into infrastructure debt

This is a new asset class for CapMan, but we do not see the need to make changes to our forecasts for the coming years.

CapMan
Regulatory press release3/19/2026, 6:00 AM

CapMan Oyj: CapMan and CAERUS enter the European infrastructure debt market

CapMan
Analyst Comment3/13/2026, 7:42 AM by
Sauli Vilén, Kasper Mellas

The earnings growth outlook for asset managers in the coming years is strong

We estimate an average earnings growth of almost 20% for asset managers in 2026, driven by record-high AUM levels.

Aktia PankkiTitaniumMandatumeQAlexandria GroupEvliCapManUnited BankersTaaleri
Regulatory press release3/12/2026, 2:31 PM

CapMan Oyj: CapMan Plc Managers' Transactions - Kummu

CapMan
Regulatory press release3/12/2026, 2:30 PM

CapMan Oyj: CapMan Plc Managers' Transactions - Kummu Capital Oy

CapMan
Press release3/2/2026, 6:45 AM

CapMan Oyj: CapMan Infra sells its stake in Finland's leading fiber-to-the-home company Valokuitunen to Brookfield Infrastructure Structured Solutions and Telia

CapMan
Press release3/2/2026, 6:45 AM

CapMan Oyj: CapMan Infra säljer sitt innehav i Finlands ledande fiber-till-hemmet-bolag Valokuitunen till Brookfield Infrastructure Structured Solutions och Telia Company

CapMan
Regulatory press release3/2/2026, 6:00 AM

CapMan Oyj: CapMan's Annual Report for 2025 published

CapMan
CapMan Q4'25: Fondresning i fokus12:00
Video2/24/2026, 7:22 AM by
Isa Hudd

CapMan Q4'25: Fondresning i fokus

2025 var ett starkt år för CapMan. Under 2026 ligger fokus på fondresning, skalbarhet och exits. VD Pia Kåll sammanfattar.

CapMan
Third party research2/13/2026, 6:28 AM

CapMan: Closing out the year with exits - Nordea

CapMan's Q4 top-line figures and profitability came in above our expectations. Adjusted EBIT was EUR 6.0m, versus our estimate of EUR 5.2m, supported mainly by positive fair value changes and carried interest. Fee income increased to EUR 16.7m, corresponding...

CapMan
CapMan Q4'25: It all comes down to fundraising
Research2/13/2026, 6:00 AM by
Sauli Vilén

CapMan Q4'25: It all comes down to fundraising

The name of the game for 2026 is clear: CapMan must succeed in new sales this year, or the entire investment case will significantly weaken.

CapMan
Third party research2/12/2026, 9:46 AM

CapMan: A good Q4 result supported by fair value changes and carried interest - Nordea

CapMan’s Q4 fee income of EUR 16.7m grew 25% y/y and was 10% ahead of our estimate of EUR 15.2m. Fee profit of EUR 0.9m grew by 124% y/y and but came below our estimate of EUR 1.6m. Driven by better-than-expected fair value changes (EUR 3.1m vs. NDAe...

CapMan
CapMan, Webcast, Q4'25
Webcast2/12/2026, 7:30 AM

CapMan, Webcast, Q4'25

CapMan
CapMan Q4'25 flash comment: Report weaker than expected, no surprises in outlook
Analyst Comment2/12/2026, 9:27 AM by
Sauli Vilén

CapMan Q4'25 flash comment: Report weaker than expected, no surprises in outlook

Q4 earnings were below our expectations due to costs and investment income. However, there were no surprises in the outlook, and 2026 will be a decisive year for the company's investment case.

CapMan
Regulatory press release2/12/2026, 6:05 AM

CapMan Oyj: CapMan Plc's Notice to the Annual General Meeting

CapMan
Forum discussions
Usually, I always tell you not to get unnecessarily excited about individual assets because their significance to CapMan is small, but Valokuituinen is indeed an exception. It is one of the five investments in the Infra1 fund, and based on LinkedIn updates, it is an excellent and...
3/2/2026, 7:17 AM
by Sauli Vilen
36
Investor Kyösti Kakkonen repeatedly vents his frustration with CapMan as a guest of Mikko Jylhä on Miltton’s Pörssipodi. Kakkonen has been a CapMan shareholder for a couple of decades already, but now his patience has run out, and the formerly third-largest shareholder has begun ...
2/22/2026, 9:06 PM
by Don Jari
28
I don’t have any data on this, and the company doesn’t report the detailed success of individual exits. At a high level, the development of these individual assets can (and should) be monitored through the funds’ performance fees. In this business, the rules of the game are quite...
3/2/2026, 8:28 AM
by Sauli Vilen
17
News Powered by Cision CapMan ja CAERUS laajentavat Euroopan infrastruktuurivelkamarkkinoille CapMan Oyj lehdistötiedote 19.3.2026, klo 08.00 CapMan ja CAERUS laajentavat Euroopan CapMan, together with CAERUS, is expanding its Real Asset Debt investment area into infrastructure debt...
3/19/2026, 6:08 AM
by Cadel
16
News Powered by Cision CapMan Growth sijoittaa Kuntokeskus Liikku -kuntosaliketjuun CapMan Growth lehdistötiedote 26.2.2026, klo 11.00 CapMan Growth sijoittaa Kuntokeskus Liikku CapMan Growth invests in the Kuntokeskus Liikku gym chain CapMan Growth Equity Fund III has signed an ...
2/26/2026, 9:12 AM
by Cadel
15
News Powered by Cision CapMan Infra myy osuutensa Suomen johtavasta valokuituyhtiö Valokuitunen... CapMan Infra lehdistötiedote 2.3.2026, klo 8.45 CapMan Infra myy osuutensa Suomen johtavasta CapMan Infra has agreed to sell its 60 percent ownership stake in Valokuitunen Oy, Finland...
3/2/2026, 7:06 AM
by Cadel
13
CEO’s review of yesterday’s AGM! Inderes CapManin yhtiökokous | Toimitusjohtajan katsaus 25.3.2026 - Inderes Aika: 26.03.2026 klo 15.20 Toimitusjohtaja Pia Kållin katsaus CapManin yhtiökokouksesta 25.3.2026.
3/26/2026, 1:21 PM
by Sara Antonacci
11
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