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Mandatum Oyj (MANTA) Fair Value & Analysis

Financial Services · FI · Market cap €2.9B

MO Mandatum Oyj MANTA · HE
Price€5.40
Fair Value€5.27
Upside-2.4%
Quality95/100
Evidence: High Range €3.95 – €6.59

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 4 days ago

Fair value updated Jun 26, 2026 — revised from €4.70 to €5.27 (+12.1%) since Jun 24, 2026. Share price −3.7% over the past month.

Price vs Fair Value (12 months)

€6.45 €4.69 Fair Value €5.27 Jun 2025 Jun 2026

12‑month range €4.69 – €6.45 · fair‑value band €3.95 – €6.59 · the €5.40 price screens above the €5.27 fair value. As of Jun 26, 2026.

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Analysis

Mandatum Oyj (MANTA) currently trades at €5.40, while our model-based Fair Value estimate is €5.27 — implying the stock looks roughly 2.4% overvalued today. We read business quality at 95/100 (high quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Mandatum Oyj generated revenue of €418M at a net margin of 22.3%. Revenue declined 71.4% year over year. It earns a return on equity of 6.1%. The balance sheet holds a net cash position of €389M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) €418M
Revenue growth (YoY) -71.4%
Net margin 22.3%
Return on equity 6.1%
Free cash flow €124M FY2025
P/E ratio 30.0
More key figures
Operating margin -31.2%
EPS (TTM) €0.1900
Dividend yield 14.8%
EPS growth (YoY) -14.0%
Net cash €389M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Mandatum Oyj provides various financial services in Finland. The company offers asset and wealth management, savings and investment, compensation, and rewards consultation, as well as pension plans and personal risk insurance solutions. It also operates online trading platform. The company serves corporate, retail, institutional, and wealth management clients. Mandatum Oyj was founded in 1874 and is headquartered in Helsinki, Finland.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mandatum Oyj reported revenue of €453M in FY2025 versus €3.0B in FY2021, a compound −37.6%/yr. Reported net income was €156M in FY2025, compounding −5.6%/yr from FY2021.

Revenue −37.6%/yr
FY21 €3.0B
FY22 €347M
FY23 €333M
FY24 €447M
FY25 €453M
Net income −5.6%/yr
FY21 €196M
FY22 €543M
FY23 €161M
FY24 €165M
FY25 €156M

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Frequently asked questions

Is Mandatum Oyj (MANTA) undervalued?
As of Jun 26, 2026, our model estimates a fair value of €5.27 versus a price of €5.40 — about −2% (overvalued). Model-based estimate, not financial advice.
What is the fair value of MANTA?
Our 21-model fair value for Mandatum Oyj is €5.27 (as of Jun 26, 2026), built from audited fundamentals. The current price is €5.40.
What is the quality score of MANTA?
Mandatum Oyj has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mandatum Oyj (MANTA)?
Mandatum Oyj reported trailing-twelve-month revenue of about €418M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MANTA?
The net profit margin of Mandatum Oyj is about 22.3%, meaning it keeps roughly 22.3% of revenue as net income. Based on the latest reported figures.
Does Mandatum Oyj pay a dividend?
Mandatum Oyj currently shows a dividend yield of about 14.81% relative to its recent price (as of Jun 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.