Sampo: Expected return just barely sufficient
Sampo put up strong Q2 numbers and If P&C once again showed why it is the highest quality insurer in the Nordic countries. We have revised our estimates slightly upwards, led by If P&C.
Sampo
39.76
41.847
Accumulate
Accumulate
Sampo is a Nordic property and casualty insurer operating also in the UK and in the Baltics. In the Nordics, Sampo provides insurance services across all countries, customer segments and products. In the UK, the company offers motor and home insurance for private individuals. The Group is made up of If P&C, Topdanmark, Hastings, and the parent company Sampo plc. Sampo was founded in 1909 and it is headquartered in Helsinki, Finland.
Read more on company pageKey Estimate Figures03.08.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 9,746.0 | 10,615.3 | 9,510.3 |
growth-% | 15.86 % | 8.92 % | -10.41 % |
EBIT (adj.) | 2,190.0 | 1,749.8 | 1,675.8 |
EBIT-% (adj.) | 22.47 % | 16.48 % | 17.62 % |
EPS (adj.) | 2.86 | 2.40 | 2.37 |
Dividend | 4.09 | 2.83 | 2.98 |
Dividend % | 10.21 % | 7.21 % | 7.59 % |
P/E (adj.) | 14.01 | 16.34 | 16.59 |
EV/EBITDA | 6.78 | 9.88 | 10.43 |