MANTA Stock Analysis: Mandatum | HE
Financial Conglomerates | HE, Finland | Market Cap: 2.755m EUR | 12M Return: 10.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.98M
Qual. Beats: -1
Rev. Trend: 88.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 2.7 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 Helsinki-based financial services provider operating primarily in Finland. The company maintains a diversified business model encompassing asset and wealth management, pension planning, personal risk insurance, and rewards consultation. It facilitates market access for retail and institutional clients through its proprietary online trading platform.
As a financial conglomerate, Mandatum generates revenue through a mix of management fees from assets under management and premiums from its insurance and pension solutions. The Nordic financial sector is characterized by high levels of digitalization and a strong emphasis on institutional pension management, which aligns with Mandatum’s core service offerings.
Investors can further analyze the companys valuation metrics and historical performance data on ValueRay. Mandatum’s long operational history, dating back to 1874, provides a significant track record within the Finnish financial landscape.
- Assets under management growth drives fee-based income in wealth management
- Capital returns and dividend policy attract income-focused institutional investors
- Investment result sensitivity to Nordic equity and fixed income markets
- Run-off life insurance book profitability depends on interest rate environment
| Net Income: 93.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 2.57 > 1.0 |
| NWC/Revenue: 97.75% < 20% (prev 78.76%; Δ 18.99% < -1%) |
| CFO/TA 0.02 > 3% & CFO 387.6m > Net Income 93.2m |
| Net Debt (-258.6m) to EBITDA (121.0m): -2.14 < 3 |
| Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities) |
| Outstanding Shares: last quarter (503.2m) vs 12m ago -0.16% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 3.82% > 50% (prev 5.77%; Δ -1.95% > 0%) |
| Interest Coverage Ratio: 5.27 > 6 (EBIT TTM 116.4m / Interest Expense TTM 22.1m) |
| A: 0.04 (Total Current Assets 687.0m - Total Current Liabilities 0.0) / Total Assets 18.6b |
| B: 0.05 (Retained Earnings 971.6m / Total Assets 18.6b) |
| C: 0.01 (EBIT TTM 116.4m / Avg Total Assets 18.4b) |
| D: 0.08 (Book Value of Equity 1.41b / Total Liabilities 17.2b) |
| Altman-Z'' = 0.54 = B |
As of July 17, 2026, the stock is trading at EUR 5.48 with a total of 1,317,892 shares traded. Over the past week, the price has changed by +0.09%, over one month by -0.54%, over three months by -15.04% and over the past year by +10.34%.
Current recommended Stop Loss: 5.30 (which is 3.3% or 2 ATR below the current price).
Mandatum has no consensus analysts rating.
P/E Trailing = 28.8158
P/S = 6.588
P/B = 1.9497
Revenue TTM = 702.8m EUR
EBIT TTM = 116.4m EUR
EBITDA TTM = 121.0m EUR
Long Term Debt = 299.1m EUR (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 428.4m EUR (from shortLongTermDebtTotal, last quarter) + Leases 19.0m
Net Debt = -258.6m EUR (calculated: Debt 428.4m - CCE 687.0m)
Enterprise Value = 2.50b EUR (2.76b + Debt 428.4m - CCE 687.0m)
Interest Coverage Ratio = 5.27 (Ebit TTM 116.4m / Interest Expense TTM 22.1m)
EV/FCF = 6.51x (Enterprise Value 2.50b / FCF TTM 383.6m)
FCF Yield = 15.37% (FCF TTM 383.6m / Enterprise Value 2.50b)
FCF Margin = 54.58% (FCF TTM 383.6m / Revenue TTM 702.8m)
Net Margin = 13.26% (Net Income TTM 93.2m / Revenue TTM 702.8m)
Gross Margin = unknown ((Revenue TTM 702.8m - Cost of Revenue TTM 22.1m) / Revenue TTM)
Tobins Q-Ratio = 0.13 (Enterprise Value 2.50b / Total Assets 18.6b)
Interest Expense / Debt = 5.16% (Interest Expense 22.1m / Debt 428.4m)
Taxrate = 1.06% (1.00m / 94.3m)
NOPAT = 115.2m (EBIT 116.4m * (1 - 1.06%))
Current Ratio = unknown (Total Current Assets 687.0m / Total Current Liabilities 0.0)
Debt / Equity = 0.30 (Debt 428.4m / totalStockholderEquity, last quarter 1.41b)
Debt / EBITDA = -2.14 (Net Debt -258.6m / EBITDA 121.0m)
Debt / FCF = -0.67 (Net Debt -258.6m / FCF TTM 383.6m)
Total Stockholder Equity = 1.40b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.51% (Net Income 93.2m / Total Assets 18.6b)
RoE = 6.67% (Net Income TTM 93.2m / Total Stockholder Equity 1.40b)
RoCE = 6.86% (EBIT 116.4m / Capital Employed (Equity 1.40b + L.T.Debt 299.1m))
RoIC = 0.65% (EBIT 116.4m / (Assets 18.6b - Curr.Liab 0.0 - Cash 687.0m))
WACC = 6.54% (E(2.76b)/V(3.18b) * Re(6.76%) + D(428.4m)/V(3.18b) * Rd(5.16%) * (1-Tc(0.01)))
Discount Rate = 6.76% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 66.12 | Cagr: 0.13%
[DCF] Terminal Value 75.44% ; FCFF base≈383.6m ; Y1≈385.2m ; Y5≈408.0m
[DCF] Fair Price = 13.13 (EV 6.35b - Net Debt -258.6m = Equity 6.60b / Shares 503.2m; r=8.35% [WACC [floored]]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.53 | # QB: -1
Revenue Correlation: 88.48 | Revenue CAGR: 16.65% | SUE: 0.23 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.08 | Chg30d=+0.00% | Revisions=+0% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=+6.25% | Revisions=-25% | Analysts=2
EPS current Year (2026-12-31): EPS=0.24 | Chg30d=+1.39% | Revisions=-57% | GrowthEPS=-22.6% | GrowthRev=+12.9%
EPS next Year (2027-12-31): EPS=0.32 | Chg30d=+0.00% | Revisions=-17% | GrowthEPS=+33.3% | GrowthRev=+15.0%
[Analyst] Revisions Ratio: -55% (up=1, down=7)