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Mandatum OyjHLSE:MANTA Stock Report

Market Cap €3.2b
Share Price
€6.44
My Fair Value
n/a
1Y51.4%
7D6.5%
Portfolio Value
​
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Mandatum Oyj

HLSE:MANTA Stock Report

Market Cap: €3.2b

Mandatum Oyj (MANTA) Stock Overview

Provides various financial services in Finland. More details

MANTA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health3/6
Dividends1/6

Rewards

Trading at 12.7% below our estimate of its fair value

Risk Analysis

Dividend of 5.12% is not well covered by earnings or free cash flows

Earnings are forecast to decline by an average of 2% per year for the next 3 years

Large one-off items impacting financial results


MANTA Community Fair Values

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See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Mandatum Oyj

International Expansion Will Pressure Fee Margins But Improve Efficiency

Key Takeaways International expansion is constrained by structurally lower fee margins, rising compliance costs, and limited scale benefits, which may dilute revenue and margin growth. Vulnerability to demographic shifts, volatile investment income, and fintech competition poses downside risks to sustainable revenue, earnings, and market share.
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€5.34
FV
20.6% overvalued intrinsic discount
-8.47%
Revenue growth p.a.
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13users have followed this narrative
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Mandatum Oyj

Digital Adoption And Aging Demographics Will Expand Wealth Opportunities

Key Takeaways Rising demand for retirement and wealth products, combined with digital innovation and efficiency gains, positions Mandatum for sustained revenue growth and improved profitability. Early-stage international expansion and strong capital generation create significant potential for higher shareholder returns and a larger addressable market.
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€7
FV
8.0% undervalued intrinsic discount
-6.42%
Revenue growth p.a.
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Mandatum Oyj

European Regulation And Demographic Aging Will Crush Margins

Key Takeaways Dependence on lower-margin client segments and legacy products is constraining profitability and exposing Mandatum to long-term solvency and earnings risks. Rising regulatory costs, yield pressures, and intense fintech competition threaten margin stability and client retention, especially among younger demographics.
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€4.3
FV
49.8% overvalued intrinsic discount
-6.40%
Revenue growth p.a.
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Mandatum Oyj Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mandatum Oyj
Historical stock prices
Current Share Price€6.44
52 Week High€6.51
52 Week Low€4.13
Beta0.12
1 Month Change9.52%
3 Month Change9.52%
1 Year Change51.35%
3 Year Changen/a
5 Year Changen/a
Change since IPO75.55%

Recent News & Updates

Recent updates

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European Demographics Will Erode Profitability

Slowing customer growth and increased regulatory pressures threaten the company's ability to maintain current revenue and margin performance.

Shareholder Returns

MANTAFI InsuranceFI Market
7D6.5%1.7%1.3%
1Y51.4%26.4%23.9%

Return vs Industry: MANTA exceeded the Finnish Insurance industry which returned 26.4% over the past year.

Return vs Market: MANTA exceeded the Finnish Market which returned 23.9% over the past year.

Price Volatility

Is MANTA's price volatile compared to industry and market?
MANTA volatility
MANTA Average Weekly Movement2.8%
Insurance Industry Average Movement2.8%
Market Average Movement3.9%
10% most volatile stocks in FI Market7.3%
10% least volatile stocks in FI Market2.7%

Stable Share Price: MANTA has not had significant price volatility in the past 3 months compared to the Finnish market.

Volatility Over Time: MANTA's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1874636Petri Niemisvirtawww.mandatum.fi

Mandatum Oyj provides various financial services in Finland. The company offers asset and wealth management, savings and investment, compensation, and rewards services, as well as pension plans and personal risk insurance solutions. It also operates online trading platform.

Mandatum Oyj Fundamentals Summary

How do Mandatum Oyj's earnings and revenue compare to its market cap?
MANTA fundamental statistics
Market cap€3.22b
Earnings (TTM)€158.40m
Revenue (TTM)€500.10m
20.4x
P/E Ratio
6.5x
P/S Ratio

Is MANTA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MANTA income statement (TTM)
Revenue€500.10m
Cost of Revenue€249.50m
Gross Profit€250.60m
Other Expenses€92.20m
Earnings€158.40m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Feb 12, 2026

Earnings per share (EPS)0.32
Gross Margin50.11%
Net Profit Margin31.67%
Debt/Equity Ratio21.4%

How did MANTA perform over the long term?

See historical performance and comparison

Dividends

5.1%
Current Dividend Yield
111%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/12 18:31
End of Day Share Price 2025/11/12 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mandatum Oyj is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Hans Rettedal ChristiansenDanske Bank
Emil ImmonenDNB Carnegie
Andrew BakerGoldman Sachs