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Mandatum

7.25 EUR

+0.69 %

7,406 following
Corporate customer

MANTA

NASDAQ Helsinki

Financial Services

Financials

Overview
Financials & Estimates
Compare
+0.69 %
+6.97 %
+5.29 %
+13.96 %
+22.43 %
+35.02 %
-
-
+97.57 %

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
3.64B EUR
Turnover
2.72M EUR
P/E (adj.) (26e)
25.61
EV/EBIT (adj.) (26e)
19.73
P/B (26e)
3.2
EV/S (26e)
19.32
Dividend yield-% (26e)
11.73 %
Coverage
Recommendation
Reduce
Target price
6.30 EUR
Updated
13.02.2026
Disclaimer
Sauli Vilén
Kasper Mellas
Kasper Mellas, Sauli Vilén
Show more
Latest research

Latest analysis report

Released: 13.02.2026

Latest extensive report

Released: 14.04.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
8.5
2026

Interim report Q1'26

12.5
2026

General meeting '26

13.5
2026

Annual dividend

Risk
Business risk
Valuation risk
Low
High
All
Research
Webcasts
Press releases
ShowingAll content types
Regulatory press releaseyesterday

Mandatum Oyj: Mandatum plc: Proposals by Mandatum's Shareholders' Nomination Board to the Annual General Meeting 2026

Mandatum
Mandatum Q4'25: Earnings development progressed as anticipated
Research2/13/2026, 12:02 PM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25: Earnings development progressed as anticipated

Mandatum's Q4 earnings fell short of our expectations, which was, however, explained by volatile net finance result.

Mandatum
Mandatum Oyj, Audiocast, Q4'25
Webcast2/12/2026, 9:00 AM

Mandatum Oyj, Audiocast, Q4'25

Mandatum

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Mandatum Q4'25 flash comment: Profit distribution below expectations, wealth management earnings growth remained strong
Analyst Comment2/12/2026, 10:13 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25 flash comment: Profit distribution below expectations, wealth management earnings growth remained strong

Although earnings fell short of our estimate, the wealth management result developed as anticipated.

Mandatum
Regulatory press release2/12/2026, 6:30 AM

Mandatum Oyj: Mandatum plc's Financial Statements Release 1 January-31 December 2025: Strong growth in capital-light business

Mandatum
Mandatum Q4'25 preview: We expect sales to continue at a good momentum
Analyst Comment2/6/2026, 7:33 AM by
Kasper Mellas, Sauli Vilén

Mandatum Q4'25 preview: We expect sales to continue at a good momentum

We expect Mandatum's Q4 earnings to be higher than in the comparison period.

Mandatum
Article1/31/2026, 8:00 AM by
Daniel Vähä-Antila

Udbytteudsigter 2026: Børsens udbytteafkast falder

Udbytteafkastet på Helsinki Børsen er faldende år-til-år. Der er udsigt til udbyttenedskæringer, men der er også højt udbytteafkast at finde hos udvalgte selskaber.

MandatumFortumNordea BankVerkkokauppa.comArvo SijoitusosuuskuntaTerveystaloPihlajalinnaMetsä BoardOriolaFiskarsTitaniumStora EnsoUPM-Kymmene
Press release1/29/2026, 8:00 AM

Mandatum Oyj: Mandatum plc's Financial Statements Release for 2025 to be published on 12 February 2026

Mandatum
Press release1/28/2026, 8:30 AM

Mandatum Oyj: Mandatum launches a new opportunistic credit fund, MAMCO II

Mandatum
Due to Saxo Bank's administrative fine, purchase price received by Mandatum adjusted downward
Analyst Comment1/26/2026, 7:55 AM by
Kasper Mellas, Sauli Vilén

Due to Saxo Bank's administrative fine, purchase price received by Mandatum adjusted downward

Due to an administrative fine imposed on Saxo Bank, the purchase price of the ownership will be approximately 8 MEUR lower than previously estimated.

Mandatum
Press release1/23/2026, 9:15 AM

Mandatum Oyj: Mandatum plc: Adjustment to the original purchase price of Saxo Bank shares

Mandatum
Analyst Comment12/29/2025, 11:40 AM by
Sauli Vilén, Kasper Mellas

2025 has been a year of ups and downs for asset managers

For asset managers on Nasdaq Helsinki, the trend has been mixed. The market situation has been very challenging for operators focusing on alternative investments, particularly real estate, while traditional asset management has continued to grow strongly.

Alexandria GroupeQAktia PankkiEvliTitaniumUnited BankersTaaleriCapManMandatum
Press release12/18/2025, 10:00 AM

Mandatum Oyj: Mandatum and Morgan Stanley Real Estate Investing launch joint venture to invest in residential real estate in Finland; Mandatum sells four properties to seed portfolio

Mandatum
Regulatory press release12/11/2025, 12:30 PM

Mandatum Oyj: Mandatum plc: Proposals of the Board of Directors to the Annual General Meeting 2026 concerning the appointment of auditor and sustainability reporting assurer

Mandatum
Analyst Comment12/10/2025, 8:29 AM by
Sauli Vilén, Kasper Mellas

The financial sector will rank top positions on dividend lists also next spring

For financial companies, 2025 has been very positive in terms of the operating environment, with strong capital market development and stabilized interest rates. However, the performance of the companies has been varying, and many companies we follow have suffered particularly from the subdued development of alternative investment returns (new sales and performance fees).

Aktia PankkiOma SäästöpankkiAlisa PankkiNordea BankSampoMandatumAlexandria GroupTaaleriEvlieQUnited BankersCapManTitanium
Press release12/10/2025, 8:00 AM

Mandatum Oyj: Mandatum and WWF Finland's new guide promotes responsible investing

Mandatum
Press release12/9/2025, 7:00 AM

Mandatum Oyj: Mandatum Asset Management to support Novatron's growth and international expansion

Mandatum
Press release11/27/2025, 7:00 AM

Mandatum Oyj: Mandatum receives excellent scores in the PRI assessment - full five stars in several categories

Mandatum
Press release11/21/2025, 10:45 AM

Mandatum Oyj: Mandatum ranked Finland's best private banking provider in Kantar Prospera Survey

Mandatum
Press release11/21/2025, 7:00 AM

Mandatum Oyj: Mandatum's Fixed Income strategy wins prestigious Scope Award

Mandatum
Forum discussions
AUM is growing all the time, however, and if Mandatum’s track record leads us to these same share price levels around, say, 2028–2029 with, for example, a 4–5% dividend, then value would have been created quite successfully for shareholders If you bought this at the time of the listing...
2/16/2026, 10:06 AM
by Badwithmoney
33
Hi! Thank you again for your question in yesterday’s audiocast. You are quite right that part of the question seems to have been misunderstood. To simplify a bit, in our case, equipment and licenses have largely been leased, so we can smoothly get rid of the costs associated with...
2/13/2026, 2:19 PM
by Mandatum IR/Lotta Borgström
32
I don’t think this has been posted in the thread yet. Helsingin Sanomat – 15 Feb 26 Sijoittaminen | Suomalaiset varainhoitajat houkuttelevat miljardeja euroja... Suomalaiset varainhoitajat ovat saaneet oven auki ulkomailla. ”Siellä on äärettömän isot markkinat”, kertoo Aktian toimitusjohta...
yesterday
by Snorri
22
Here are the comments from OP’s Antti Saari on Mandatum’s Q4 Mandatum’s reported Q4 operating profit clearly missed forecasts, which is explained by lower net investment income and changes made to the calculation model for insurance contract liabilities. However, the fee result, ...
2/13/2026, 2:35 PM
by Sijoittaja-alokas
22
Here is also the company report on Mandatum by Kasper and Sauli. Mandatum’s Q4 results fell short of our expectations, which was explained by volatile quarterly net financial income. Capital-light businesses (asset management and risk life insurance) instead progressed along the ...
2/13/2026, 11:28 AM
by Sijoittaja-alokas
16
Jussi Halme has made a video about Manta Mandatum has become a favorite for many investors thanks to its strong dividend flow, but is the company changing too much? How is Mandatum shifting from a traditional insurance company toward a capital-light asset management house? Can you...
2/14/2026, 8:36 PM
by Sijoittaja-alokas
15
Mandatum’s unit-linked CSM is supposed to trend downwards, as no new contracts are being added to it. The company already highlighted this in the listing materials: So, for that reason, it is better to look at the development of the total fee result. How long it ultimately takes ...
yesterday
by Kasper Mellas
13
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