Mandatum
4.4 EUR +1.15%5,492 investors are following this company
Mandatum has operations within 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 and rewards, pension plans and personal risk insurance. The largest operations are found in Finland.
P/E (24e)
12.73
EV/EBIT (adj.) (24e)
9.32
P/B (24e)
1.37
Dividend yield-% (24e)
7.95 %
Target price
4.40 EUR
Recommendation
Buy
Updated
14.2.2024
NASDAQ Helsinki
MANTA
Daily low / high price
4.38 / 4.438
EUR
Market cap
2.21B EUR
Turnover
5.79M EUR
Volume
1.3M
Risk and recommendation
HighRiskLow
SellRecommendationBuy
Latest research
Extensive report
Inderes' extensive report is an investor's handbook on customer companies covered by our research.
The latest extensive report was released
Read the reportAnalyst
Sauli Vilén
Business lead research, analyst
Kasper Mellas
Analyst
Latest videos
Financial calendar
Interim report
2024-05-08
General meeting
2024-05-15
Annual dividend
2024-05-16
Interim report
2024-08-13
Interim report
2024-11-12
Major OwnersSource: Millistream Market Data AB
Owner | Capital | Votes |
---|---|---|
Solidium Oy | 6.6 % | 6.6 % |
Varma Mutual Pension Insurance Company | 4.4 % | 4.4 % |
Premium
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Tarja Tyni | 2023-11-14 | 150,049EUR |
Kimmo Laaksonen | 2023-11-09 | 72,804EUR |
Premium
This content is for our Premium customers only.
Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 157.0 | 306.0 | 126.0 | 135.0 | 140.3 | 147.6 | 153.9 | 162.0 |
growth-% | -43.9 % | 94.9 % | -58.8 % | 7.1 % | 3.9 % | 5.2 % | 4.3 % | 5.3 % |
EBITDA | 164.5 | 314.1 | 84.3 | 216.0 | 224.8 | 215.9 | 203.2 | 197.5 |
EBIT (adj.) | 157.0 | 306.0 | 75.7 | 210.4 | 216.8 | 208.1 | 195.6 | 189.9 |
EBIT | 157.0 | 306.0 | 75.7 | 210.4 | 216.8 | 208.1 | 195.6 | 189.9 |
Profit before taxes | 157.0 | 306.0 | 75.7 | 210.4 | 216.8 | 208.1 | 195.6 | 189.9 |
Net income | 125.6 | 244.8 | 75.7 | 160.7 | 173.4 | 166.5 | 156.4 | 151.9 |
EPS (adj.) | 0.23 | 0.45 | 0.15 | 0.32 | 0.35 | 0.33 | 0.31 | 0.30 |
growth-% | -43.9 % | 97.9 % | -67.1 % | 117.7 % | 7.9 % | -4.0 % | -6.0 % | -2.9 % |
Dividend | 0.00 | 0.37 | 0.39 | 0.33 | 0.35 | 0.35 | 0.35 | 0.35 |
Dividend ratio | 81.7 % | 265.1 % | 103.0 % | 101.3 % | 105.5 % | 112.3 % | 115.6 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 104.8 % | 102.6 % | 66.9 % | 160.0 % | 160.2 % | 146.3 % | 132.0 % | 121.8 % |
EBIT-% (adj.) | 100.0 % | 100.0 % | 60.1 % | 155.9 % | 154.5 % | 141.0 % | 127.1 % | 117.2 % |
EBIT-% | 100.0 % | 100.0 % | 60.1 % | 155.9 % | 154.5 % | 141.0 % | 127.1 % | 117.2 % |
ROE | 8.5 % | 14.8 % | 4.4 % | 9.8 % | 10.8 % | 10.4 % | 9.8 % | 9.7 % |
ROI | 8.6 % | 15.1 % | 3.6 % | 10.8 % | 10.9 % | 10.1 % | 10.2 % | 11.2 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.07 | 4.40 | 4.40 | 4.40 | 4.40 | |||
Shares | 556.6 | 548.0 | 514.5 | 501.8 | 501.8 | 501.8 | 501.8 | 501.8 |
Market cap | 2,042.3 | 2,207.9 | 2,207.9 | 2,207.9 | 2,207.9 | |||
Enterprise value | 1,553.7 | 2,021.1 | 1,719.5 | 1,738.4 | 1,762.3 | |||
EV/S | - | - | - | 11.5 | 14.4 | 11.7 | 11.3 | 10.9 |
EV/EBITDA | - | - | - | 7.2 | 9.0 | 8.0 | 8.6 | 8.9 |
EV/EBIT (adj.) | - | - | - | 7.4 | 9.3 | 8.3 | 8.9 | 9.3 |
EV/EBIT | - | - | - | 7.4 | 9.3 | 8.3 | 8.9 | 9.3 |
P/E (adj.) | - | - | - | 12.7 | 12.7 | 13.3 | 14.1 | 14.5 |
P/E | - | - | - | 12.7 | 12.7 | 13.3 | 14.1 | 14.5 |
P/B | - | - | - | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 |
P/S | - | - | - | 15.1 | 15.7 | 15.0 | 14.3 | 13.6 |
Dividend yield | 8.1 % | 8.0 % | 8.0 % | 8.0 % | 8.0 % | |||
Equity ratio | 10.8 % | 10.6 % | 11.4 % | 9.8 % | 9.7 % | 9.7 % | 9.7 % | 9.7 % |
Gearing ratio | -20.8 % | -31.3 % | -22.2 % | -30.6 % | -11.6 % | -30.6 % | -29.7 % | -28.7 % |
Quarter data
Q1/23 | Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24e | Q2/24e | Q3/24e | Q4/24e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 64.0 | 37.0 | 34.0 | 135.0 | 34.0 | 35.2 | 35.0 | 36.2 | |
EBITDA | 82.4 | 85.3 | 48.3 | 216.0 | 55.2 | 62.0 | 53.8 | 53.8 | |
EBIT | 80.1 | 84.0 | 46.3 | 210.4 | 53.2 | 60.0 | 51.8 | 51.8 | |
Profit before taxes | 80.1 | 84.0 | 46.3 | 210.4 | 53.2 | 60.0 | 51.8 | 51.8 | |
Net income | 63.0 | 68.5 | 29.2 | 160.7 | 42.5 | 48.0 | 41.5 | 41.5 |
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