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Mandatum

5.44 EUR

-1.45 %

7,729 following

MANTA

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Dividend
Compare
-1.45 %
-4.48 %
-20.31 %
-21.05 %
-17.80 %
-2.60 %
-
-
+48.15 %

Mandatum operates in 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, pension plans and personal risk insurance. The largest operations are in Finland.

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Market cap
2.73B EUR
Turnover
13.82M EUR
P/E (adj.) (26e)
24.74
EV/EBIT (adj.) (26e)
20.84
P/B (26e)
2.46
EV/S (26e)
14.95
Dividend yield-% (26e)
15.64 %
Coverage
Recommendation
Reduce
Target price
5.50 EUR
Updated
15.05.2026
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
Show more
Latest research

Latest analysis report

Released: 15.05.2026

Latest extensive report

Released: 14.04.2025

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
I’ll poke my nose into this thread just to mention that the dividend Mandatum paid to Sampo in the final years was typically 150 million per year, which is roughly 0.30 euros per share based on the share count at the time
5/18/2026, 2:44 PM
by Mirko/Sampo IR
75
Here is the historical earnings performance in graphical form from our deep dive report a year ago: Mandatum laaja raportti: Osinkolinko laulaa vielä pitkään - Inderes At the same time, I would like to remind you that Mandatum’s historical earnings give a poor reflection of the current...
5/18/2026, 6:05 PM
by Sauli Vilen
47
CEO’s review from last week’s Annual General Meeting (AGM), as well as the management panel discussion held prior to the meeting:
5/18/2026, 1:00 PM
by Sara Antonacci
19
Arvopaperi – 25 May 26 ”Onhan tässä erityispiirteitä” – Jättiosingon irtoaminen laski Mandatumin... Mandatumin jättiosingon irrottua analyytikoiden tavoitehinnat osakkeelle laskivat kautta linjan melko reippaasti. From the intro: “Asset manager Mandatum’s share price performance ...
6/6/2026, 6:09 AM
by Caravellix
17
Mandatum signals that it is an exceptionally good asset manager, or better than others, and apparently, this holds some credibility in the eyes of many. At least for my part, the CEO’s answers in interviews and the company’s investor communications in general have been credible.
5/19/2026, 1:02 PM
16
I am following with interest how they succeed outside of Finland, where more resources have now been allocated even though Finland is still the most significant market. So far, the track record is good enough for me to be involved in this.
5/19/2026, 1:49 PM
by Björn Walrus
15
Initially, I got in because of the Sampo demerger. Then I added more when it was known there would be “forced selling” / the price would drop, as certain funds couldn’t hold it in their portfolios due to their own rules. As I started following the story and management, while occasionally...
5/20/2026, 8:24 AM
by Ari
13
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
13.8
2026

Interim report Q2'26

10.11
2026

Interim report Q3'26

Press release6/10/2026, 7:00 AM

Mandatum Oyj: Mandatum Managed Futures Fund extends its award-winning track record at Hedgeweek European Awards

Mandatum
Analyst Comment6/4/2026, 10:14 AM by
Sauli Vilén

Update on consolidation prospects in the asset management sector

Consolidation in the Finnish asset management sector has continued in recent years, and we expect this trend to persist.

TaaleriAlexandria GroupAktia PankkiTitaniumUnited BankerseQEvliCapManMandatum
Press release5/28/2026, 5:30 AM

Mandatum's Reward and Compensation Survey 2026: One in two employees willing to accept a lower base salary in exchange for performance-based bonuses

Mandatum

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Mandatum: We account for the dividend payout
Research5/15/2026, 9:47 AM by
Kasper Mellas, Sauli Vilén

Mandatum: We account for the dividend payout

We have updated our target price for Mandatum to account for the dividend payout. Our estimates and view of the company remain unchanged.

Mandatum
Regulatory press release5/12/2026, 4:00 PM

Mandatum Oyj: Resolutions of Mandatum plc's Annual General Meeting and Board of Directors' organisational meeting

Mandatum
Mandatum Q1'26: No drama behind the earnings figures
Research5/11/2026, 7:10 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26: No drama behind the earnings figures

Despite the strong growth outlook, we still consider the stock highly priced.

Mandatum
Mandatum Oyj, Audiocast, Q1'26
Webcast5/8/2026, 8:00 AM

Mandatum Oyj, Audiocast, Q1'26

Mandatum
Mandatum Q1'26 flash comment: Commission income development raises questions
Analyst Comment5/8/2026, 6:54 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26 flash comment: Commission income development raises questions

Mandatum published a Q1 result that was clearly below our expectations.

Mandatum
Regulatory press release5/8/2026, 5:30 AM

Mandatum plc's Interim Report 1 January-31 March 2026: Solid performance in capital-light business

Mandatum
Mandatum Q1'26 preview: Deferred items ruin the quarter
Analyst Comment5/5/2026, 5:56 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q1'26 preview: Deferred items ruin the quarter

However, we estimate that operational development has remained on track.

Mandatum
Regulatory press release4/30/2026, 6:45 AM

Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (T. Rowe Price Group, Inc.)

Mandatum
Regulatory press release4/29/2026, 8:00 AM

Mandatum Oyj: Mandatum plc: Disclosure Under Chapter 9 Section 5 of the Securities Market Act (T. Rowe Price Group, Inc.)

Mandatum
Mandatum's accounting change improves short-term predictability of earnings
Analyst Comment4/27/2026, 2:42 PM by
Kasper Mellas, Sauli Vilén

Mandatum's accounting change improves short-term predictability of earnings

The change will also result in a one-off negative impact on earnings of 36 MEUR.

Mandatum
Regulatory press release4/24/2026, 8:15 AM

Mandatum Oyj: Mandatum changes discount rate curve used in IFRS 17 reporting to improve earnings predictability

Mandatum
Press release4/23/2026, 1:00 PM

Mandatum Oyj: Mandatum plc's result for January-March 2026 to be published on 8 May 2026

Mandatum
Press release4/23/2026, 7:30 AM

Mandatum Oyj: Mandatum Managed Futures Fund recognised at the Nordic Hedge Award

Mandatum
Press release4/2/2026, 7:00 AM

Mandatum Oyj: Mandatum's MAMCO II fund completes successful first closing exceeding EUR 300 million

Mandatum
Analyst Comment3/24/2026, 8:04 AM by
Sauli Vilén

Impact of rising interest rates on asset managers: Who wins and who loses?

The effects of rising interest rates vary significantly from company to company. The biggest winners are fixed-income asset managers.

TaalerieQEvliUnited BankersAlexandria GroupCapManTitaniumMandatumAktia Pankki
Press release3/19/2026, 11:00 AM

Mandatum Oyj: Mandatum Managed Futures Fund wins top honors at the 2026 UCITS Hedge Awards

Mandatum
Regulatory press release3/19/2026, 8:00 AM

Mandatum Oyj: Mandatum plc has published its Annual Report 2025

Mandatum