Mandatum

5.63 EUR

+0.18 %

7,702 following

MANTA

NASDAQ Helsinki

Financial Services

Financials

+0.18 %
-17.33 %
-17.59 %
-18.22 %
-12.74 %
+8.81 %
-
-
+53.47 %

Mandatum operates in the financial sector. The company offers various financial services to both private savers and corporate customers. The range is broad and mainly includes capital and wealth management, savings and investments, compensation, pension plans and personal risk insurance. The largest operations are in Finland.

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Market cap
2.83B EUR
Turnover
1.63M EUR
P/E (adj.) (26e)
25.63
EV/EBIT (adj.) (26e)
21.61
P/B (26e)
2.55
EV/S (26e)
15.5
Dividend yield-% (26e)
15.1 %
Coverage
Recommendation
Reduce
Target price
5.50 EUR
Updated
2026-05-15
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
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Latest research

Latest analysis report

Released: 2026-05-15

Latest extensive report

Released: 2025-04-14

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13/8
2026

Interim report Q2'26

10/11
2026

Interim report Q3'26

Risk
Business risk
Valuation risk
Low
High
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Forum discussions
I’ll poke my nose into this thread just to mention that the dividend Mandatum paid to Sampo in the final years was typically 150 million per year, which is roughly 0.30 euros per share based on the share count at the time
5/18/2026, 2:44 PM
by Mirko/Sampo IR
71
Here is the historical earnings performance in graphical form from our deep dive report a year ago: Mandatum laaja raportti: Osinkolinko laulaa vielä pitkään - Inderes At the same time, I would like to remind you that Mandatum’s historical earnings give a poor reflection of the current...
5/18/2026, 6:05 PM
by Sauli Vilen
44
CEO’s review from last week’s Annual General Meeting (AGM), as well as the management panel discussion held prior to the meeting:
5/18/2026, 1:00 PM
by Sara Antonacci
19
Mandatum signals that it is an exceptionally good asset manager, or better than others, and apparently, this holds some credibility in the eyes of many. At least for my part, the CEO’s answers in interviews and the company’s investor communications in general have been credible.
5/19/2026, 1:02 PM
16
I am following with interest how they succeed outside of Finland, where more resources have now been allocated even though Finland is still the most significant market. So far, the track record is good enough for me to be involved in this.
5/19/2026, 1:49 PM
by Björn Walrus
15
OP seemed to be forecasting 80c for spring '27, 60c for spring '28, 45c for spring '29, and 40c for several years thereafter. These are just estimates, of course, but I personally see a bit of caution in the projections from year '29 onwards; in other words, I’m expecting a slightly...
5/18/2026, 12:55 PM
by Kotikonepostia
15
Initially, I got in because of the Sampo demerger. Then I added more when it was known there would be “forced selling” / the price would drop, as certain funds couldn’t hold it in their portfolios due to their own rules. As I started following the story and management, while occasionally...
5/20/2026, 8:24 AM
by Ari
13
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