Sampo: Still not hopping off
Sampo's Q1 result exceeded our forecast thanks to strong development in If P&C and Mandatum. However, the beat came through certain non-recurring factors and investment income. Thus, the report didn't cause major estimate revisions.
Sampo
41.66
43.666
Accumulate
Accumulate
Sampo Group 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 Figures04.05.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 9,746.0 | 10,248.4 | 9,577.2 |
growth-% | 15.86 % | 5.16 % | -6.55 % |
EBIT (adj.) | 2,190.0 | 1,835.1 | 1,593.0 |
EBIT-% (adj.) | 22.47 % | 17.91 % | 16.63 % |
EPS (adj.) | 2.86 | 2.46 | 2.25 |
Dividend | 4.09 | 1.80 | 2.88 |
Dividend % | 10.21 % | 4.52 % | 7.26 % |
P/E (adj.) | 14.01 | 16.16 | 17.66 |
EV/EBITDA | 6.78 | 10.08 | 10.80 |