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Mandatum

5.48 EUR+0.09 %10/7 17:29
7,770 following

MANTA

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Dividend
Compare
+0.09 %
+1.39 %
-25.51 %
-21.45 %
-20.47 %
-3.06 %
-
-
+49.24 %

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
2.76B EUR
Turnover
3.89M EUR
P/E (adj.) (26e)
24.92
EV/EBIT (adj.) (26e)
21
P/B (26e)
2.48
EV/S (26e)
15.06
Dividend yield-% (26e)
15.53 %
Coverage
Recommendation
Reduce
Target price
5.50 EUR
Updated
2026-05-15
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
Show more
Latest research

Latest analysis report

Released: 2026-05-15

Latest extensive report

Released: 2025-04-14

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
As Mandatum’s management has stated, it is not necessarily sensible to buy something in Finland, and their expansion abroad has also been carried out sensibly. There is no point in setting up a mega-office in Central Europe; it is better to first build a customer base through agents...
7/5/2026, 6:44 PM
by Ari
51
Interesting. According to Inderes’ forecasts, dividends of €2.41 are expected in the coming years, and EPS is set to rise above €0.30. At least in my opinion, €4.80 would be relatively cheap for such earnings and dividend payouts.
7/8/2026, 8:08 AM
by Osinkoseilaaja
35
Mandatum’s “snack list” includes Capman, United Bankers, and Taaleri Energia. However, the premium for the sellers could be so large that it might not be worth it (?), and Taaleri’s energy business would likely also be coveted by players in the energy sector. On the other hand, an...
7/2/2026, 6:51 AM
by PörssiPatruuna
30
I intended to respond to this earlier with a Buffett quote: “The stock market is a device for transferring money from the impatient to the patient.” It doesn’t quite fit since the post mentions a 20-year horizon, so I’ve been reflecting on that. The point I’m considering remains,...
7/6/2026, 6:27 AM
by Warren Fyffet
29
As far as I’m concerned, the price can drop to that level. I’ll gladly buy more because of the high dividends. There will be enough of them for many years to come. If the price is 4.80 and the dividend is 0.85, that’s an 18% dividend yield.
7/8/2026, 7:57 AM
by Sergio
24
Nordea is significantly lowering its price target for Mandatum shares to €4.80. Recommendation: sell.
7/8/2026, 7:37 AM
by PörssiPatruuna
22
Arvopaperi – 25 May 26 ”Onhan tässä erityispiirteitä” – Jättiosingon irtoaminen laski Mandatumin... Mandatumin jättiosingon irrottua analyytikoiden tavoitehinnat osakkeelle laskivat kautta linjan melko reippaasti. From the intro: “Asset manager Mandatum’s share price performance ...
6/6/2026, 6:09 AM
by Caravellix
22
Read more on our forum
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

Press release2026-06-10 09:00

Mandatum Oyj: Mandatum Managed Futures Fund extends its award-winning track record at Hedgeweek European Awards

Mandatum
Analyst Comment2026-06-04 12:14 by
Sauli Vilén

Update on consolidation prospects in the asset management sector

Consolidation in the Finnish asset management sector has continued in recent years, and we expect this trend to persist.

TaaleriAlexandria GroupAktia PankkiTitaniumUnited BankerseQEvliCapManMandatum
Press release2026-05-28 07:30

Mandatum's Reward and Compensation Survey 2026: One in two employees willing to accept a lower base salary in exchange for performance-based bonuses

Mandatum

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Mandatum: We account for the dividend payout
Research2026-05-15 11:47 by
Kasper Mellas, Sauli Vilén

Mandatum: We account for the dividend payout

We have updated our target price for Mandatum to account for the dividend payout. Our estimates and view of the company remain unchanged.

Mandatum
Regulatory press release2026-05-12 18:00

Mandatum Oyj: Resolutions of Mandatum plc's Annual General Meeting and Board of Directors' organisational meeting

Mandatum
Mandatum Q1'26: No drama behind the earnings figures
Research2026-05-11 09:10 by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26: No drama behind the earnings figures

Despite the strong growth outlook, we still consider the stock highly priced.

Mandatum
Mandatum Oyj, Audiocast, Q1'26
Webcast2026-05-08 10:00

Mandatum Oyj, Audiocast, Q1'26

Mandatum
Mandatum Q1'26 flash comment: Commission income development raises questions
Analyst Comment2026-05-08 08:54 by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26 flash comment: Commission income development raises questions

Mandatum published a Q1 result that was clearly below our expectations.

Mandatum
Regulatory press release2026-05-08 07:30

Mandatum plc's Interim Report 1 January-31 March 2026: Solid performance in capital-light business

Mandatum
Mandatum Q1'26 preview: Deferred items ruin the quarter
Analyst Comment2026-05-05 07:56 by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26 preview: Deferred items ruin the quarter

However, we estimate that operational development has remained on track.

Mandatum
Regulatory press release2026-04-30 08:45

Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (T. Rowe Price Group, Inc.)

Mandatum
Regulatory press release2026-04-29 10:00

Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (T. Rowe Price Group, Inc.)

Mandatum
Mandatum's accounting change improves short-term predictability of earnings
Analyst Comment2026-04-27 16:42 by
Kasper Mellas, Sauli Vilén

Mandatum's accounting change improves short-term predictability of earnings

The change will also result in a one-off negative impact on earnings of 36 MEUR.

Mandatum
Regulatory press release2026-04-24 10:15

Mandatum Oyj: Mandatum changes discount rate curve used in IFRS 17 reporting to improve earnings predictability

Mandatum
Press release2026-04-23 15:00

Mandatum Oyj: Mandatum plc's result for January-March 2026 to be published on 8 May 2026

Mandatum
Press release2026-04-23 09:30

Mandatum Oyj: Mandatum Managed Futures Fund recognised at the Nordic Hedge Award

Mandatum
Press release2026-04-02 09:00

Mandatum Oyj: Mandatum's MAMCO II fund completes successful first closing exceeding EUR 300 million

Mandatum
Analyst Comment2026-03-24 09:04 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
Press release2026-03-19 12:00

Mandatum Oyj: Mandatum Managed Futures Fund wins top honors at the 2026 UCITS Hedge Awards

Mandatum
Regulatory press release2026-03-19 09:00

Mandatum Oyj: Mandatum plc has published its Annual Report 2025

Mandatum