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CapMan: Valuation starting to look cheap

CAPMANResearch29.04.2022 klo 08.37
Inderes
Discuss
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We have revised our forecasts upwards with the very strong Q1 report, and the company's profit outlook remains excellent. With the declined share price and our elevated forecasts, the expected return on the share has improved considerably and we believe that the current share price offers an excellent opportunity to jump in CapMan's ride.

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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.

Read more on company page

Key Estimate Figures28.04.2022

202122e23e
Revenue52.879.881.8
growth-%22.8 %51.3 %2.5 %
EBIT (adj.)44.657.047.0
EBIT-% (adj.)84.6 %71.4 %57.4 %
EPS (adj.)0.220.260.21
Dividend0.150.160.17
Dividend %4.9 %10.1 %10.8 %
P/E (adj.)13.96.27.4
EV/EBITDA10.94.45.4

Forum discussions

Management might want to read the remuneration principles on their own website… very pretty words and plenty of them… there could just be one...
11/6/2026, 10:41 AM
by Monte Cristo
11
Piia’s collected excuses. Money is being funneled out of the company as executive compensation while the shareholders are left empty-handed....
11/6/2026, 5:29 AM
by lokomotiivi
29
Here is a company report on CapMan by Sale CapMan’s Q3 report was muted overall. The market environment has become more difficult during the...
11/5/2026, 8:55 PM
by Sijoittaja-alokas
10
CEO Pia Kåll and Sale discussed CapMan following the Q3 results Topics: (00:00) Introduction (00:03) Summary of Q3 results (00:32) Fee result...
11/5/2026, 10:51 AM
by Sijoittaja-alokas
10
It is truly unbelievable how quarter after quarter, shareholders are given bold promises, only to be met with continuous disappointments. Yet...
11/5/2026, 8:22 AM
by Nahka Tapsa
25
And the stagnation and destruction of shareholder value just keeps on going. Why didn’t I get rid of this clown company ages ago? Hopefully ...
11/5/2026, 7:16 AM
by Kari Runq
28
Here are Sale’s quick comments on CapMan’s morning results CapMan’s Q3 report published this morning was overall a disappointment. The strong...
11/5/2026, 7:09 AM
by Sijoittaja-alokas
11