DB:SMPA

Stock Analysis Report

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Executive Summary

Sampo Oyj, through its subsidiaries, provides life and non-life insurance products and services in Finland, Sweden, Norway, Denmark, and the Baltic countries.


Snowflake Analysis

Average dividend payer and fair value.


Similar Companies

Share Price & News

How has Sampo Oyj's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMPA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-6.4%

SMPA

-1.0%

DE Insurance

-1.6%

DE Market


1 Year Return

-17.5%

SMPA

-4.3%

DE Insurance

8.3%

DE Market

Return vs Industry: SMPA underperformed the German Insurance industry which returned -8.3% over the past year.

Return vs Market: SMPA underperformed the German Market which returned 3.7% over the past year.


Shareholder returns

SMPAIndustryMarket
7 Day-6.4%-1.0%-1.6%
30 Day-3.7%-1.9%0.2%
90 Day3.6%11.1%12.8%
1 Year-13.7%-17.5%0.9%-4.3%10.7%8.3%
3 Year-22.1%-34.5%22.1%6.3%3.8%-4.5%
5 Year-12.5%-33.5%53.9%22.1%9.6%-5.2%

Price Volatility Vs. Market

How volatile is Sampo Oyj's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sampo Oyj undervalued compared to its fair value and its price relative to the market?

33.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMPA (€30.54) is trading below our estimate of fair value (€45.95)

Significantly Below Fair Value: SMPA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMPA is poor value based on its PE Ratio (19x) compared to the DE Insurance industry average (10x).

PE vs Market: SMPA is good value based on its PE Ratio (19x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: SMPA is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: SMPA is overvalued based on its PB Ratio (1.6x) compared to the DE Insurance industry average (1x).


Next Steps

Future Growth

How is Sampo Oyj forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMPA's forecast earnings growth (11.1% per year) is above the savings rate (0.2%).

Earnings vs Market: SMPA's earnings (11.1% per year) are forecast to grow slower than the German market (23.3% per year).

High Growth Earnings: SMPA's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMPA's revenue (1.4% per year) is forecast to grow slower than the German market (5.8% per year).

High Growth Revenue: SMPA's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMPA's Return on Equity is forecast to be low in 3 years time (13.3%).


Next Steps

Past Performance

How has Sampo Oyj performed over the past 5 years?

-3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMPA has high quality earnings.

Growing Profit Margin: SMPA's current net profit margins (11.3%) are lower than last year (18.8%).


Past Earnings Growth Analysis

Earnings Trend: SMPA's earnings have declined by 3.6% per year over the past 5 years.

Accelerating Growth: SMPA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SMPA had negative earnings growth (-46.1%) over the past year, making it difficult to compare to the Insurance industry average (10%).


Return on Equity

High ROE: SMPA's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

How is Sampo Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: SMPA's short term assets (€9.4B) exceed its short term liabilities (€381.0M).

Long Term Liabilities: SMPA's short term assets (€9.4B) do not cover its long term liabilities (€37.5B).


Debt to Equity History and Analysis

Debt Level: SMPA's debt to equity ratio (40.2%) is considered high.

Reducing Debt: SMPA's debt to equity ratio has increased from 20.4% to 40.2% over the past 5 years.

Debt Coverage: SMPA's debt is well covered by operating cash flow (28%).

Interest Coverage: SMPA's interest payments on its debt are well covered by EBIT (31.9x coverage).


Balance Sheet


Next Steps

Dividend

What is Sampo Oyj current dividend yield, its reliability and sustainability?

4.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SMPA's dividend (4.78%) is higher than the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: SMPA's dividend (4.78%) is in the top 25% of dividend payers in the German market (3.83%)


Stability and Growth of Payments

Stable Dividend: SMPA's dividend payments have been volatile in the past 10 years.

Growing Dividend: SMPA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (91%), SMPA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SMPA's dividends in 3 years are forecast to be covered by earnings (83.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.9yrs

Average management tenure


CEO

Torbjorn Magnusson (57 yo)

0.58

Tenure

Mr. Torbjorn Magnusson has been the Group President and Chief Executive Officer of Sampo Oyj since January 01, 2020. Mr. Magnusson has been the Chairman of the Board at If P&C Insurance AS since February 7 ...


Leadership Team

NamePositionTenureCompensationOwnership
Torbjorn Magnusson
Group CEO0.58yrno data0.0084%
€ 1.5m
Knut Alsaker
CFO & Member of Group Executive Committee1.58yrsno data0.0061%
€ 1.1m
Petri Niemisvirta
Member of Group Executive Committee19.58yrsno data0.016%
€ 2.7m
John Patrick Lapveteläinen
Chief Investment Officer & Member of the Group Executive Committeeno datano data0.046%
€ 8.0m
Ricard Wennerklint
Chief Of Strategy & Member of Group Executive Committee15.58yrsno data0.0072%
€ 1.2m
Ivar Martinsen
Member of Group Executive Committee15.58yrsno data0.0097%
€ 1.7m
Morten Thorsrud
Member of Group Executive Committee14.58yrsno data0.010%
€ 1.7m
Ingrid Holthe
Member of the Group Executive Committee1.5yrsno datano data
Jarmo Salonen
Head of Investor Relations & Group Communicationsno datano datano data
Johan Börjesson
Group Head of Human Resources13.92yrsno datano data
Mans Edsman
Deputy Managing Director and Head of Corporate Control & Strategyno datano datano data
Johanna Tynkkynen
Head of Corporate Responsibility1.58yrsno datano data

13.9yrs

Average Tenure

51yo

Average Age

Experienced Management: SMPA's management team is seasoned and experienced (13.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Georg Johan Ehrnrooth
Director0.17yr€160.00kno data
Johanna Lamminen
Independent Director1.33yrs€96.00k0.00013%
€ 22.7k
Christian Clausen
Independent Director4.33yrs€96.00k0.00038%
€ 66.3k
Björn Wahlroos
Independent Chairman of the Board11.33yrs€175.00k0.89%
€ 155.3m
Risto Murto
Independent Director5.33yrs€90.00k0.00047%
€ 82.0k
Fiona Clutterbuck
Independent Non-Executive Director1.33yrs€96.00k0.00014%
€ 24.4k
Jannica Fagerholm
Independent Vice Chairperson1.33yrs€140.00k0.00085%
€ 148.2k
Antti Makinen
Director2.33yrs€90.00k0.00092%
€ 160.4k

1.8yrs

Average Tenure

59yo

Average Age

Experienced Board: SMPA's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Sampo Oyj's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sampo Oyj
  • Ticker: SMPA
  • Exchange: DB
  • Founded: 1909
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €17.438b
  • Shares outstanding: 555.35m
  • Website: https://www.sampo.com

Number of Employees


Location

  • Sampo Oyj
  • Fabianinkatu 27
  • Helsinki
  • Uusimaa
  • 100
  • Finland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAXP.FOTCPK (Pink Sheets LLC)YesSeries A SharesUSUSDApr 1988
SAMPOHLSE (OMX Nordic Exchange Helsinki)YesSeries A SharesFIEURApr 1988
0HAGLSE (London Stock Exchange)YesSeries A SharesGBEURApr 1988
SMPADB (Deutsche Boerse AG)YesSeries A SharesDEEURApr 1988
SAMPOHBATS-CHIXE (BATS 'Chi-X Europe')YesSeries A SharesGBEURApr 1988
SAMPO NBMV (Bolsa Mexicana de Valores)YesSeries A SharesMXMXNApr 1988
SAXP.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008

Biography

Sampo Oyj, through its subsidiaries, provides life and non-life insurance products and services in Finland, Sweden, Norway, Denmark, and the Baltic countries. It operates through If, Topdanmark, Mandatum, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 22:13
End of Day Share Price2020/08/03 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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 here.