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Extensive research

Mandatum: Balance sheet full of dividends

Mandatum
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Mandatum’s investor story is based on two cornerstones: growth in capital-light asset management and a significant release of capital from a continuously declining with-profit business. With our estimates, we find the share's valuation to be very attractive from several angles, and an exceptionally attractive dividend outlook clearly supports the share.

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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Key Estimate Figures2023-10-12

202223e24e
Revenue126.0127.7137.8
growth-%-58.8 %1.3 %7.9 %
EBIT (adj.)75.7184.7214.0
EBIT-% (adj.)60.1 %144.7 %155.3 %
EPS (adj.)0.150.290.34
Dividend0.390.330.35
Dividend %4.6 %4.9 %
P/E (adj.)-24.320.8
EV/EBITDA-19.116.6

Forum discussions

News Powered by Cision Mandatumin MAMCO II -rahasto kasvoi yli 300 miljoonaan euroon Mandatum Oyj, Lehdistötiedote, 2.4.2026 klo 10.00 Mandatumin...
4/2/2026, 7:10 AM
by Cadel
30
I’ll leave this timely analysis here in case anyone following Mandatum missed it. “In this article, we focus purely on the impact of rising ...
3/25/2026, 6:31 AM
by Snorri
27
…and the dividend to be paid in spring 2028 probably won’t be that small either if the forecasts are to be trusted - and why wouldn’t they be...
3/24/2026, 3:15 PM
by Bösaboi
19
Mandatum’s (Mandatum) dividend is likely not just a one-time thing, but a two-tiered one Next year, a dividend of 0.87 is predicted, with over...
3/24/2026, 2:34 PM
by Ari
20
SalkunRakentaja – 20 Mar 26 Helsingin pörssin parhaat osinko-osakkeet: Mandatum omassa luokassaan Mandatumin kertaluonteinen jättiosinko nostaa...
3/20/2026, 4:44 PM
by Bösaboi
25
News Powered by Cision Mandatum Managed Futures -rahastolle arvostettu 2026 UCITS Hedge Awards -... Lehdistötiedote, 19.3.2026 klo 13.00 Mandatum...
3/19/2026, 11:31 AM
by Cadel
28
Nominee register -17.7M. Osakkeenomistajat - Mandatum
3/2/2026, 5:33 PM
by Ari
9
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