Mandatum
4.185 EUR -0.99%5,855 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)
12.7
EV/EBIT (adj.) (24e)
9.36
P/B (24e)
1.31
Dividend yield-% (24e)
7.87 %
Target price
4.50 EUR
Recommendation
Accumulate
Updated
9.5.2024
NASDAQ Helsinki
MANTA
Daily low / high price
4.17 / 4.225
EUR
Market cap
2.1B EUR
Turnover
2.13M EUR
Volume
509K
Business risk
Valuation risk
Current
Previous
Latest research
Extensive report
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Kasper Mellas
Analyst
Latest videos
Financial calendar
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 % |
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Insider Transactions
Insider | Date | Total value |
---|---|---|
Sanna Rajaniemi | 2024-05-31 | 600EUR |
Tarja Tyni | 2023-11-14 | 150,049EUR |
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Income statement
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Revenue | 157.0 | 306.0 | 126.0 | 135.0 | 147.7 | 155.2 | 164.1 | 173.4 |
growth-% | -43.9 % | 94.9 % | -58.8 % | 7.1 % | 9.4 % | 5.1 % | 5.8 % | 5.6 % |
EBITDA | 164.5 | 314.1 | 84.3 | 216.0 | 206.2 | 196.4 | 178.5 | 157.1 |
EBIT (adj.) | 157.0 | 306.0 | 75.7 | 210.4 | 206.2 | 196.4 | 178.5 | 157.1 |
EBIT | 157.0 | 306.0 | 75.7 | 210.4 | 206.2 | 196.4 | 178.5 | 157.1 |
Profit before taxes | 157.0 | 306.0 | 75.7 | 210.4 | 206.2 | 196.4 | 178.5 | 157.1 |
Net income | 125.6 | 244.8 | 75.7 | 160.7 | 165.3 | 157.4 | 143.1 | 125.9 |
EPS (adj.) | 0.23 | 0.45 | 0.15 | 0.32 | 0.33 | 0.31 | 0.29 | 0.25 |
growth-% | -43.9 % | 97.9 % | -67.1 % | 117.7 % | 2.9 % | -4.8 % | -9.1 % | -12.0 % |
Dividend | 0.00 | 0.37 | 0.39 | 0.33 | 0.33 | 0.31 | 0.29 | 0.25 |
Dividend ratio | 81.7 % | 265.1 % | 103.0 % | 100.0 % | 100.0 % | 100.0 % | 100.0 % |
Profitability and return on capital
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
EBITDA-% | 104.8 % | 102.6 % | 66.9 % | 160.0 % | 139.6 % | 126.6 % | 108.8 % | 90.6 % |
EBIT-% (adj.) | 100.0 % | 100.0 % | 60.1 % | 155.9 % | 139.6 % | 126.6 % | 108.8 % | 90.6 % |
EBIT-% | 100.0 % | 100.0 % | 60.1 % | 155.9 % | 139.6 % | 126.6 % | 108.8 % | 90.6 % |
ROE | 8.5 % | 14.8 % | 4.4 % | 9.8 % | 10.3 % | 9.9 % | 9.0 % | 8.0 % |
ROI | 8.6 % | 15.1 % | 3.6 % | 10.8 % | 10.4 % | 9.3 % | 8.7 % | 8.8 % |
Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.07 | 4.19 | 4.19 | 4.19 | 4.19 | |||
Shares | 556.6 | 548.0 | 514.5 | 501.8 | 501.8 | 501.8 | 501.8 | 501.8 |
Market cap | 2,042.3 | 2,100.0 | 2,100.0 | 2,100.0 | 2,100.0 | |||
Enterprise value | 1,553.7 | 1,929.8 | 1,635.1 | 1,657.2 | 1,682.7 | |||
EV/S | - | - | - | 11.5 | 13.1 | 10.5 | 10.1 | 9.7 |
EV/EBITDA | - | - | - | 7.2 | 9.4 | 8.3 | 9.3 | 10.7 |
EV/EBIT (adj.) | - | - | - | 7.4 | 9.4 | 8.3 | 9.3 | 10.7 |
EV/EBIT | - | - | - | 7.4 | 9.4 | 8.3 | 9.3 | 10.7 |
P/E (adj.) | - | - | - | 12.7 | 12.7 | 13.3 | 14.7 | 16.7 |
P/E | - | - | - | 12.7 | 12.7 | 13.3 | 14.7 | 16.7 |
P/B | - | - | - | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 |
P/S | - | - | - | 15.1 | 14.2 | 13.5 | 12.8 | 12.1 |
Dividend yield | 8.1 % | 7.9 % | 7.5 % | 6.8 % | 6.0 % | |||
Equity ratio | 10.8 % | 10.6 % | 11.4 % | 9.8 % | 9.6 % | 9.6 % | 9.5 % | 9.7 % |
Gearing ratio | -20.8 % | -31.3 % | -22.2 % | -30.6 % | -10.6 % | -29.2 % | -28.1 % | -26.8 % |
Quarter data
Q2/23 | Q3/23 | Q4/23 | 2023 | Q1/24 | Q2/24e | Q3/24e | Q4/24e | 2024e | |
---|---|---|---|---|---|---|---|---|---|
Revenue | 64.0 | 37.0 | 34.0 | 135.0 | 36.6 | 36.6 | 36.6 | 37.9 | 147.7 |
EBITDA | 82.4 | 85.3 | 48.3 | 216.0 | 46.7 | 56.0 | 51.8 | 51.7 | 206.2 |
EBIT | 80.1 | 84.0 | 46.3 | 210.4 | 46.7 | 56.0 | 51.8 | 51.7 | 206.2 |
Profit before taxes | 80.1 | 84.0 | 46.3 | 210.4 | 46.7 | 56.0 | 51.8 | 51.7 | 206.2 |
Net income | 63.0 | 68.5 | 29.2 | 160.7 | 37.8 | 44.8 | 41.5 | 41.3 | 165.3 |
ShowingAll content types
Mandatum Oyj: Mandatum plc: Managers' Transactions (person closely associated with Rajaniemi)
Mandatum Oyj: Reward and compensation survey 2024: Pay is the most important component of employer attractiveness
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Mandatum Oyj: Resolutions of Mandatum plc's Annual General Meeting and Board of Directors' organisational meeting
Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (Altor Fund Manager AB)
There is value in the balance sheet
![Mandatum Q1 Results Webcast](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=cover/https://content.inderes.se/assets/e5663be6-84fc-4363-84ba-46f35feffcc5.png)
Mandatum Q1 Results Webcast
Mandatum Oyj: Mandatum plc's Saxo transaction will be completed on 13.5.2024 and financed by bank financing
Mandatum Oyj: Mandatum plc's Interim Report 1 January-31 March 2024: Client assets under management continued steady growth
Mandatum Oyj: Mandatum plc has received the necessary regulatory approvals to implement the Saxo transaction
![Mandatum Q1 on Tuesday: Investment income again the main earnings driver](https://www.inderes.se/cdn-cgi/image/format=auto,width=640,height=358,quality=90,fit=contain/https://content.inderes.se/assets/faf96c93-46e2-4cea-98dc-697b81924cfc.png)