Sampo: Target price revised with dividend payment
Our target price is also in line with the company’s sum of the parts. Our estimates remain unchanged and we expect stable and good earnings development from Sampo in the next few years. The share’s expected return in the next few years consists of secure and evenly growing dividend flow and a slight discount compared to the sum of the parts. The expected return is not particularly high, but we feel that it is still very sufficient considering Sampo's low risk profile. In addition, Sampo is one of the few companies benefiting from interest rate increases and we consider the company a good choice in the current challenging investment environment.
Sampo
Sampo er et nordisk ejendoms- og skadesforsikringsselskab med aktiviteter også i Storbritannien og de baltiske lande. I Norden leverer Sampo forsikringsydelser i alle lande, kundesegmenter og produkter. I Storbritannien tilbyder virksomheden motor- og husforsikring til private. Koncernen består af If P&C, Topdanmark, Hastings og moderselskabet Sampo. Sampo blev grundlagt i 1909 og har hovedkontor i Helsinki, Finland.
Read more on company pageKey Estimate Figures22.05.2022
2021 | 22e | 23e | |
---|---|---|---|
Omsætning | 9.746,0 | 10.248,4 | 9.577,2 |
vækst-% | 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.) | 0,52 | 0,45 | 0,41 |
Udbytte | 0,74 | 0,33 | 0,52 |
Udbytte % | 9,29 % | 4,05 % | 6,51 % |
P/E (adj.) | 15,40 | 18,03 | 19,71 |
EV/EBITDA | 7,46 | 11,38 | 12,27 |