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CapMan

1.82 EUR

+0.55 %

13,119 following
Corporate customer

CAPMAN

NASDAQ Helsinki

Investment

Financials

+0.55 %
+1.68 %
-5.41 %
-2.99 %
-3.19 %
-4.51 %
-38.10 %
-35.80 %
-17.27 %

CapMan is an investment company. The vision is to be a long-term owner and create added value for the shareholders in the long term. CapMan mainly invests in medium-sized unlisted companies, properties and infrastructure facilities around the Nordic market. Furthermore, the company offers asset management, purchasing activities as well as analysis, reporting and back office services. CapMan was founded in 1989 and its headquarters are in Helsinki, Finland.

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Market cap
321.92M EUR
Turnover
158.62K EUR
P/E (adj.) (26e)
EV/EBIT (adj.) (26e)
P/B (26e)
EV/S (26e)
Dividend yield-% (26e)
Coverage
Recommendation
Accumulate
Target price
Updated
12.02.2026
Disclaimer
Sauli Vilén
Sauli Vilén

Analyst

Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 21.10.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
25.3.
2026

General meeting '26

26.3.
2026

Half year dividend

6.5.
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

CapMan: Closing out the year with exits - Nordea

CapMan's Q4 top-line figures and profitability came in above our expectations. Adjusted EBIT was EUR 6.0m, versus our estimate of EUR 5.2m, supported mainly by positive fair value changes and carried interest. Fee income increased to EUR 16.7m, corresponding...

CapMan
Third party research

CapMan: Exit conditions improving - Nordea

Ahead of CapMan's Q4 2025 results on 12 February, we make estimate revisions to reflect completed and upcoming exits, the first close of European Forest Fund IV and fair value changes. For Q4, we estimate continued year-on-year improvements in fee profit...

CapMan
Forum discussions
What do you think about the fact that when Sauli asked the CEO in the interview about costs, which grew by a whopping 35% in Q4, Pia stated that you have to look at the full year 2025? And that as a whole, cost control was good in '25. It’s always worrying and a bit of a red flag...
2/17/2026, 3:38 PM
by Kotipuutarhuri
37
Usually, I always tell you not to get unnecessarily excited about individual assets because their significance to CapMan is small, but Valokuituinen is indeed an exception. It is one of the five investments in the Infra1 fund, and based on LinkedIn updates, it is an excellent and...
3/2/2026, 7:17 AM
by Sauli Vilen
35
This was such an interesting pick that it’s worth breaking down what went wrong! Even at this stage, it can be said that the share price level sketched out on the back of a cigarette pack is nowhere in sight. Let’s start with the management fees. In that calculation, the 2027 management...
2/17/2026, 6:33 AM
by Sauli Vilen
28
Investor Kyösti Kakkonen repeatedly vents his frustration with CapMan as a guest of Mikko Jylhä on Miltton’s Pörssipodi. Kakkonen has been a CapMan shareholder for a couple of decades already, but now his patience has run out, and the formerly third-largest shareholder has begun ...
2/22/2026, 9:06 PM
by Don Jari
27
I’ve come to the conclusion that the CEO’s interviews are completely useless. Truly poor communication. Even though Sauli or Kasper ask the right questions, the answer is always the same. Meaning, things went great! — Regardless of what the reported figures say. He’s seriously trying...
2/17/2026, 5:50 PM
by Tfoure
19
I don’t have any data on this, and the company doesn’t report the detailed success of individual exits. At a high level, the development of these individual assets can (and should) be monitored through the funds’ performance fees. In this business, the rules of the game are quite...
3/2/2026, 8:28 AM
by Sauli Vilen
16
News Powered by Cision CapMan Growth sijoittaa Kuntokeskus Liikku -kuntosaliketjuun CapMan Growth lehdistötiedote 26.2.2026, klo 11.00 CapMan Growth sijoittaa Kuntokeskus Liikku CapMan Growth invests in the Kuntokeskus Liikku gym chain CapMan Growth Equity Fund III has signed an ...
2/26/2026, 9:12 AM
by Cadel
15
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