Mandatum: Balance sheet full of dividends
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
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.
Read more on company pageKey Estimate Figures12.10.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 126.0 | 127.7 | 137.8 |
growth-% | -58.82 % | 1.34 % | 7.90 % |
EBIT (adj.) | 75.7 | 184.7 | 214.0 |
EBIT-% (adj.) | 60.08 % | 144.67 % | 155.29 % |
EPS (adj.) | 0.15 | 0.29 | 0.34 |
Dividend | 0.39 | 0.33 | 0.35 |
Dividend % | 7.83 % | 8.31 % | |
P/E (adj.) | - | 14.41 | 12.35 |
EV/EBITDA | - | 11.54 | 10.00 |