Mandatum Oyj/€MANTA
1D1W1MYTD1Y5YMAX
Capital at risk
About Mandatum Oyj
Mandatum Oyj is a Finnish financial services company specializing in wealth management and life insurance. Its offerings encompass asset and wealth management, savings and investment solutions, compensation and rewards services, pension plans, and personal risk insurance. Founded in 1874, Mandatum is headquartered in Helsinki, Finland, and serves corporate, retail, institutional, and wealth management clients. The company emphasizes a diversified service portfolio tailored to various client segments, leveraging its experienced personnel and established brand to deliver value.
- Ticker
- €MANTA
- Sector
- Finance
- Primary listing
- XHEL
- Employees
- 632
- Headquarters
- Helsinki, Finland
- Website
- www.mandatum.fi
Mandatum Oyj Metrics
BasicAdvanced
€3.1B
24.69
€0.25
0.01
€0.85
13.77%
Price and volume
Market cap
€3.1B
Beta
0.01
52-week high
€7.37
52-week low
€5.25
Average daily volume
2.1M
Dividend rate
€0.85
Financial strength
Current ratio
207.806
Quick ratio
207.675
Long term debt to equity
0.387
Total debt to equity
0.391
Dividend payout ratio (TTM)
331.04%
Interest coverage (TTM)
3.56%
Profitability
EBITDA (TTM)
251.7
Gross margin (TTM)
49.50%
Net profit margin (TTM)
26.20%
Operating margin (TTM)
50.72%
Effective tax rate (TTM)
7.11%
Revenue per employee (TTM)
€780,000
Management effectiveness
Return on assets (TTM)
0.84%
Return on equity (TTM)
10.78%
Valuation
Price to earnings (TTM)
24.692
Price to revenue (TTM)
6.465
Price to book
2.96
Price to tangible book (TTM)
3.12
Price to free cash flow (TTM)
7.549
Free cash flow yield (TTM)
13.25%
Free cash flow per share (TTM)
0.818
Dividend yield (TTM)
13.77%
Forward dividend yield
13.77%
Growth
Revenue change (TTM)
-6.06%
Earnings per share change (TTM)
-16.51%
3-year revenue growth (CAGR)
-6.12%
3-year earnings per share growth (CAGR)
-22.44%
Bulls say / Bears say
Mandatum’s strategic capital-light business is gaining traction: H1 2026 profit before tax rose 33% to €54.0 million, fee result increased 15% to €42.9 million, and the cost/income ratio improved to 49% from 53%. (Mandatum H1 2026 report)
Client assets under management increased 16% year over year to €16.7 billion, supported by positive market performance and net inflows, providing a larger base for recurring fee income. (Mandatum H1 2026 report)
The completed Saxo Bank share sale generated approximately €308 million, enabled repayment of a €200 million acquisition-related loan, and helped lift Mandatum’s solvency ratio excluding transitional measures to 195% from 169% at year-end 2025. (Mandatum Saxo Bank sale release)
H1 2026 profit before tax fell 45% year over year to €53.2 million, while EPS declined 34% to €0.10 and ROE decreased to 8.4% from 10.7%. (Mandatum H1 2026 report)
Reported earnings remain highly sensitive to investment markets and accounting assumptions: net finance result fell 88% year over year in H1, and a discount-rate assumption change created a one-off €36.2 million negative impact. (Mandatum H1 2026 report)
The legacy with-profit portfolio is expected to shrink further, potentially reducing a source of earnings and cash generation; meanwhile, H1 net flow was €412 million versus €420 million a year earlier, indicating limited flow growth despite favorable markets. (Mandatum 2025 financial statements release)
Data summarised monthly by Lightyear AI. Last updated on 9 Sept 2026.
Upcoming events
No upcoming events
Funds containing Mandatum Oyj
AllEURGBPUSD
Fund name | Fund size | €MANTA weighting |
|---|---|---|
iShares STOXX Europe 600 Financial Services€EXH2 | €102M | 0.57% |
iShares Ageing Population€AGED | €822M | 0.30% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.20% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.20% |
iShares EURO STOXX€SXXEEX | €2.9B | 0.04% |
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