Mandatum Oyj (MANTA.HE) stock analysis

In our weekly check, Mandatum Oyj is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 4.

About Mandatum Oyj

Mandatum Oyj is a Financial Services company (Financial - Conglomerates) based in Finland, listed on HEL as MANTA.HE.

What our checks show for MANTA.HE

Red flags

• The gross margin fell by 35 points, to 65%: costs are rising faster than prices.
• Analysts expect revenue to shrink about 48% a year.
• The dividend takes 331% of profit: little cushion if profit falls.
• Return on capital (ROCE) is only 0.7%.

Warning signs

• Earnings per share fell 37.9% a year over the last 3 years.
• Net profit fell 38% a year over the last 3 years.
• The net margin is only 7.5%: little room if costs rise.
• The stock is still below its previous peak.

Strengths

• Debt is low: 0.39x equity.
• The net margin rose by 1 points over 5 years, to 7.5%.
• Analysts expect earnings per share to grow about 12.7% a year over the next years.
• Analysts expect the net margin to improve by 45.9 points from today's 7.5%.
• Revenue grew 70.3% a year over the last 3 years.
• Beta 0.01: the stock usually moves less than the market.

Next earnings report: 2026-11-10

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Questions

What grade does Mandatum Oyj (MANTA.HE) have?

In our weekly check, Mandatum Oyj is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MANTA.HE stock?

This week's biggest flags for Mandatum Oyj: Gross margin falling, Weak revenue forecast, Dividend stretched. In total 8 of 25 checks show a warning or a red flag.

What does Mandatum Oyj do?

Mandatum Oyj is a Financial Services company (Financial - Conglomerates) based in Finland, listed on HEL as MANTA.HE.

When does Mandatum Oyj report earnings next?

The next earnings report is expected on 2026-11-10. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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