MANTA Stock Analysis: Mandatum | HE
Financial Conglomerates | HE, Finland | Market Cap: 2.899m EUR | 12M Return: -3% | FI4000552526 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.47M
Qual. Beats: 1
Rev. Trend: 26.0%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Mandatum Oyj is a Finland-based financial services company serving corporate, retail, institutional, and wealth management clients. Its offerings include asset and wealth management, savings and investment services, compensation and rewards consulting, pension plans, personal risk insurance, and an online trading platform. Founded in 1874, the company is headquartered in Helsinki.
Its business combines investment and wealth services with insurance and pension solutions, areas in which providers commonly earn income from fees, premiums, and investment-related activities.
- Asset management net flows drive recurring fee income
- Interest rates reshape investment returns and guaranteed policy costs
- Solvency capital determines dividend capacity and shareholder distributions
| Net Income: 129.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.59 > 1.0 |
| NWC/Revenue: 24.62% < 20% (prev 86.44%; Δ -61.82% < -1%) |
| CFO/TA 0.02 > 3% & CFO 424.7m > Net Income 129.2m |
| Net Debt (-21.9m) to EBITDA (164.5m): -0.13 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (503.2m) vs 12m ago 0.10% < -2% |
| Gross Margin: 93.10% > 18% (prev 96.92%; Δ -3.82% > 0.5%) |
| Asset Turnover: 9.71% > 50% (prev 3.99%; Δ 5.72% > 0%) |
| Interest Coverage Ratio: 7.66 > 6 (EBIT TTM 160.1m / Interest Expense TTM 20.9m) |
| A: 0.02 (Total Current Assets 445.4m - Total Current Liabilities 0.0) / Total Assets 19.2b |
| B: 0.03 (Retained Earnings 609.1m / Total Assets 19.2b) |
| C: 0.01 (EBIT TTM 160.1m / Avg Total Assets 18.6b) |
| D: 0.06 (Book Value of Equity 1.05b / Total Liabilities 18.2b) |
| Altman-Z'' = 0.37 = B |
As of November 03, 2026, the stock is trading at EUR 5.85 with a total of 758,775 shares traded. Over the past week, the price has changed by -1.18%, over one month by -3.31%, over three months by -0.51% and over the past year by -3.01%.
Current recommended Stop Loss: 5.60 (which is 4.3% or 2.8 ATR below the current price).
Mandatum has no consensus analysts rating.
P/E Trailing = 25.0435
P/S = 5.8781
P/B = 2.1296
Revenue TTM = 1.81b EUR
EBIT TTM = 160.1m EUR
EBITDA TTM = 164.5m EUR
Long Term Debt = 299.1m EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 423.5m EUR (from shortLongTermDebtTotal, last quarter) + Leases 19.0m
Net Debt = -21.9m EUR (calculated: Debt 423.5m - CCE 445.4m)
Enterprise Value = 2.88b EUR (2.90b + Debt 423.5m - CCE 445.4m)
Interest Coverage Ratio = 7.66 (Ebit TTM 160.1m / Interest Expense TTM 20.9m)
EV/FCF = 6.81x (Enterprise Value 2.88b / FCF TTM 422.3m)
FCF Yield = 14.68% (FCF TTM 422.3m / Enterprise Value 2.88b)
FCF Margin = 23.34% (FCF TTM 422.3m / Revenue TTM 1.81b)
Net Margin = 7.14% (Net Income TTM 129.2m / Revenue TTM 1.81b)
Gross Margin = 93.10% ((Revenue TTM 1.81b - Cost of Revenue TTM 124.8m) / Revenue TTM)
Gross Margin QoQ = none% (prev -51.12%)
Tobins Q-Ratio = 0.15 (Enterprise Value 2.88b / Total Assets 19.2b)
Interest Expense / Debt = 4.94% (Interest Expense 20.9m / Debt 423.5m)
Taxrate = 7.11% (9.90m / 139.2m)
NOPAT = 148.7m (EBIT 160.1m * (1 - 7.11%))
Current Ratio = unknown (Total Current Assets 445.4m / Total Current Liabilities 0.0)
Debt / Equity = 0.40 (Debt 423.5m / totalStockholderEquity, last quarter 1.05b)
Debt / EBITDA = -0.13 (Net Debt -21.9m / EBITDA 164.5m)
Debt / FCF = -0.05 (Net Debt -21.9m / FCF TTM 422.3m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.69% (Net Income 129.2m / Total Assets 19.2b)
RoE = 9.77% (Net Income TTM 129.2m / Total Stockholder Equity 1.32b)
RoCE = 9.88% (EBIT 160.1m / Capital Employed (Equity 1.32b + L.T.Debt 299.1m))
RoIC = 0.85% (EBIT 160.1m / (Assets 19.2b - Curr.Liab 0.0 - Cash 445.4m))
WACC = 5.70% (E(2.90b)/V(3.32b) * Re(5.86%) + D(423.5m)/V(3.32b) * Rd(4.94%) * (1-Tc(0.07)))
Discount Rate = 5.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 54.07 | Cagr: 0.13%
[DCF] Terminal Value 75.44% ; FCFF base≈422.3m ; Y1≈424.0m ; Y5≈449.2m
[DCF] Fair Price = 13.93 (EV 6.99b - Net Debt -21.9m = Equity 7.01b / Shares 503.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 2.34 | # QB: 1
Revenue Correlation: 25.95 | Revenue CAGR: 7.82% | SUE: 4.0 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.06 | Chg30d=-25.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=0.27 | Chg30d=+0.94% | Revisions=+40% | GrowthEPS=-13.7% | GrowthRev=+8.5%
EPS next Year (2027-12-31): EPS=0.33 | Chg30d=+0.24% | Revisions=+40% | GrowthEPS=+24.6% | GrowthRev=+15.0%
[Analyst] Revisions Ratio: +57% (up=4, down=0)