HLSE:SAMPO

Stock Analysis Report

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Market Cap

€22.6b

Last Updated

2021/08/02 17:56 UTC

Data Sources

Company Financials +

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. More Details


Snowflake Analysis

Adequate balance sheet average dividend payer.


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: SAMPO is less volatile than 75% of Finnish stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SAMPO's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-0.6%

SAMPO

-0.2%

FI Insurance

-1.0%

FI Market


1 Year Return

29.8%

SAMPO

19.5%

FI Insurance

36.2%

FI Market

Return vs Industry: SAMPO exceeded the Finnish Insurance industry which returned 19.5% over the past year.

Return vs Market: SAMPO underperformed the Finnish Market which returned 36.2% over the past year.


Shareholder returns

SAMPOIndustryMarket
7 Day-0.6%-0.2%-1.0%
30 Day3.4%-0.4%4.0%
90 Day4.2%-3.7%8.0%
1 Year35.4%29.8%26.7%19.5%40.2%36.2%
3 Year12.3%-5.5%19.2%1.3%47.0%25.1%
5 Year40.8%6.4%67.0%28.2%88.6%50.4%

Long-Term 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

Valuation

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

42.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SAMPO (€40.77) is trading below our estimate of fair value (€70.37)

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


Price To Earnings Ratio

PE vs Industry: SAMPO is poor value based on its PE Ratio (65.1x) compared to the European Insurance industry average (13.8x).

PE vs Market: SAMPO is poor value based on its PE Ratio (65.1x) compared to the Finnish market (26.1x).


Price to Earnings Growth Ratio

PEG Ratio: SAMPO's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SAMPO is overvalued based on its PB Ratio (1.9x) compared to the XE Insurance industry average (1x).


Future Growth

How is Sampo Oyj forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

-3.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SAMPO's earnings are forecast to decline over the next 3 years (-3.2% per year).

Earnings vs Market: SAMPO's earnings are forecast to decline over the next 3 years (-3.2% per year).

High Growth Earnings: SAMPO's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SAMPO's revenue is expected to decline over the next 3 years (-17.9% per year).

High Growth Revenue: SAMPO's revenue is forecast to decline over the next 3 years (-17.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has Sampo Oyj performed over the past 5 years?

-17.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SAMPO has high quality earnings.

Growing Profit Margin: SAMPO's current net profit margins (3%) are lower than last year (11.2%).


Past Earnings Growth Analysis

Earnings Trend: SAMPO's earnings have declined by 17.7% per year over the past 5 years.

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

Earnings vs Industry: SAMPO had negative earnings growth (-61.8%) over the past year, making it difficult to compare to the Insurance industry average (-2.1%).


Return on Equity

High ROE: SAMPO's Return on Equity (3.8%) is considered low.


Financial Health

How is Sampo Oyj's financial position?


Financial Position Analysis

Short Term Liabilities: SAMPO's short term assets (€11.3B) exceed its short term liabilities (€773.0M).

Long Term Liabilities: SAMPO's short term assets (€11.3B) do not cover its long term liabilities (€45.8B).


Debt to Equity History and Analysis

Debt Level: SAMPO's debt to equity ratio (38.6%) is considered satisfactory.

Reducing Debt: SAMPO's debt to equity ratio has increased from 21.7% to 38.6% over the past 5 years.

Debt Coverage: SAMPO's debt is well covered by operating cash flow (30.1%).

Interest Coverage: SAMPO's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Dividend

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

4.17%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SAMPO's dividend (4.17%) is higher than the bottom 25% of dividend payers in the Finnish market (1.64%).

High Dividend: SAMPO's dividend (4.17%) is in the top 25% of dividend payers in the Finnish market (3.48%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (271.6%), SAMPO's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SAMPO's dividends in 3 years are forecast to be covered by earnings (87.1% payout ratio).


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Torbjorn Magnusson (58 yo)

1.58yrs

Tenure

€1,314,000

Compensation

Mr. Torbjorn Magnusson has been the Group President and Chief Executive Officer of Sampo Oyj since January 01, 2020. Mr. Magnusson serves as Director at Hastings Group Holdings Limited since November 16, 2...


Leadership Team

Experienced Management: SAMPO's management team is considered experienced (2.6 years average tenure).


Board Members

Experienced Board: SAMPO's board of directors are not considered experienced ( 2.3 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: SAMPO
  • Exchange: HLSE
  • Founded: 1909
  • Industry: Multi-line Insurance
  • Sector: Insurance
  • Market Cap: €22.558b
  • Shares outstanding: 555.35m
  • Website: https://www.sampo.com

Number of Employees


Location

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

Listings


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 Analysis2021/08/02 17:56
End of Day Share Price2021/08/02 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.