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Mandatum
4.496 EUR +0.25%5,630 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)
13.64
EV/EBIT (adj.) (24e)
10.12
P/B (24e)
1.41
Dividend yield-% (24e)
7.33 %
Target price
4.50 EUR
Recommendation
Accumulate
Updated
9.5.2024
NASDAQ Helsinki
MANTA
Daily low / high price
4.442 / 4.536
EUR
Market cap
2.26B EUR
Turnover
10.87M EUR
Volume
2.4M
Business risk
Valuation risk
Current
Previous
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
Kasper Mellas
Analyst
Latest videos
Financial calendar
General meeting
15.05.2024
Annual dividend
16.05.2024
Interim report
13.08.2024
Interim report
12.11.2024
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 |
---|---|---|
Tarja Tyni | 14.11.2023 | 150,049EUR |
Kimmo Laaksonen | 09.11.2023 | 72,804EUR |
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Forum updates
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 % |
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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 % |
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Valuation
2020 | 2021 | 2022 | 2023 | 2024e | 2025e | 2026e | 2027e | |
---|---|---|---|---|---|---|---|---|
Share price (EUR) | 4.07 | 4.50 | 4.50 | 4.50 | 4.50 | |||
Shares | 556.6 | 548.0 | 514.5 | 501.8 | 501.8 | 501.8 | 501.8 | 501.8 |
Market cap | 2,042.3 | 2,256.1 | 2,256.1 | 2,256.1 | 2,256.1 | |||
Enterprise value | 1,553.7 | 2,085.8 | 1,791.2 | 1,813.3 | 1,838.7 | |||
EV/S | - | - | - | 11.5 | 14.1 | 11.5 | 11.0 | 10.6 |
EV/EBITDA | - | - | - | 7.2 | 10.1 | 9.1 | 10.2 | 11.7 |
EV/EBIT (adj.) | - | - | - | 7.4 | 10.1 | 9.1 | 10.2 | 11.7 |
EV/EBIT | - | - | - | 7.4 | 10.1 | 9.1 | 10.2 | 11.7 |
P/E (adj.) | - | - | - | 12.7 | 13.6 | 14.3 | 15.8 | 17.9 |
P/E | - | - | - | 12.7 | 13.6 | 14.3 | 15.8 | 17.9 |
P/B | - | - | - | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 |
P/S | - | - | - | 15.1 | 15.3 | 14.5 | 13.7 | 13.0 |
Dividend yield | 8.1 % | 7.3 % | 7.0 % | 6.3 % | 5.6 % | |||
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 % |
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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 |
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Mandatum Q1 Results Webcast
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