CapMan

1.83 EUR

+4.21 %

13,120 following

CAPMAN

NASDAQ Helsinki

Investment

Financials

+4.21 %
+8.27 %
-1.40 %
-4.78 %
-1.61 %
-4.58 %
-29.13 %
-31.26 %
-16.73 %

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
324.64M EUR
Turnover
412.47K EUR
P/E (adj.) (26e)
13.62
EV/EBIT (adj.) (26e)
9.52
P/B (26e)
1.73
EV/S (26e)
4.47
Dividend yield-% (26e)
7.1 %
Coverage
Recommendation
Accumulate
Target price
2.10 EUR
Updated
2026-05-28
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 2026-05-29

Latest extensive report

Released: 2026-05-29

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
6/8
2026

Interim report Q2'26

5/11
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
CapMan extensive report: Scale-up time
Extensive research by
Sauli Vilén

CapMan extensive report: Scale-up time

CapMan is currently in the midst of the largest fundraising cycle in its history, and the success of this effort will largely determine the stock’s trajectory in the coming years. If the fundraising is successful, the share valuation is favorable.

CapMan
Third party research

CapMan: Strong growth with improved clarity - Nordea

CapMan's Q1 top-line figures and profitability both came in above our expectations. Adjusted EBIT was EUR 6.1m (our estimate: EUR 4.8m) and revenues reached EUR 16.3m (our estimate: EUR 15.9m). Relative to our estimates, the profitability beat was mainly...

CapMan

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Third party research

CapMan: Fee income and profit acceleration - Nordea

CapMan’s Q1 fee income of EUR 15.9m grew 22% y/y and was 7% ahead of our estimate of EUR 14.9m. Fee profit of EUR 2.2m grew clearly and was up by 48% y/y, although still slightly below our estimate of EUR 2.8m. Driven by higher-than-expected positive...

CapMan
Third party research

CapMan: A strong pipeline for 2026 - Nordea

Ahead of CapMan's Q1 2026 results on 6 May, we cut our EBIT estimates, mainly to reflect a lower level of fair value changes. We also marginally lower our outlook for carried interest bookings. For Q1, we estimate continued year-on-year improvements ...

CapMan
Forum discussions
CapMan update fresh out of the oven. The big picture remains unchanged; the stock is cheap if fundraising succeeds and the fee result scales. A step forward in fundraising was taken in the early part of the year, and the company expects fund closures in the coming months. This is...
5/6/2026, 5:00 PM
by Sauli Vilen
37
CapMan’s extensive report is finally out! It’s been quite a while since my previous extensive report, as if I recall correctly, I updated the last one in '22, and then Kasper updated the extensive report in '24 during my sabbatical. True to its name, the report became quite extensive...
yesterday
by Sauli Vilen
36
CapMan posted a very solid set of numbers for Q1 for a change. In my opinion, the most important takeaway was that the company is now talking about months, not quarters, regarding fundraising. The tone in their commentary, especially regarding NRE4, is also clearly more positive....
5/6/2026, 10:24 AM
by Sauli Vilen
29
News Powered by Cision CapMan Natural Capital ja S-Pankin metsärahasto ovat sopineet 6 500 hehtaarin... CapMan Natural Capital lehdistötiedote 30.4.2026 klo 8.00 CapMan Natural Capital ja S-Pankin CapMan Dasos European Forest Fund IV, a forest fund managed by CapMan Natural Capital...
5/1/2026, 12:59 PM
by Cadel
16
I don’t have the facts on this, but my understanding is that those VC funds are international funds, not Finnish ones. Furthermore, even if there were some Lifeline funds involved, that Oura jackpot would have already largely been reflected as valuation increases. Oura has been steadily...
yesterday
by Sauli Vilen
11
News Powered by Cision CapManin sijoituskohteet kattava kestävyysraportti vuodelta 2025 on julkaistu CapMan Oyj -lehdistötiedote 19.05.2026 klo 14.00 CapManin sijoituskohteet kattava CapMan’s Sustainability Report covering investment portfolio for 2025 has been published Report highlights...
5/19/2026, 11:08 AM
by Cadel
11
News Powered by Cision CapMan Infra hankkii enemmistöosuuden pohjoismaisesta... CapMan Infra -lehdistötiedote 4.5.2026 klo 10.00 EEST CapMan Infra on sopinut hankkivansa CapMan Infra has agreed to acquire a majority stake in HeliAir Sweden, a leading Nordic helicopter operator and...
5/4/2026, 7:21 AM
by Cadel
11
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