Sampo: If manages to surprise again
Sampo's Q2 report was very strong as If P&C continued its strong performance. We have made marginally positive changes to our estimates and expect the company to continue to deliver solid earnings growth and a healthy dividend stream. Our view of the company's value has remained unchanged and the fall in the share price has improved the expected return.
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Sampo
Sampo Group is a Nordic property and casualty insurer operating also in the UK and in the Baltics. In the Nordics, Sampo provides insurance services across all countries, customer segments and products. In the UK, the company offers motor and home insurance for private individuals. The Group is made up of If P&C, Topdanmark, Hastings, and the parent company Sampo plc. Sampo was founded in 1909 and it is headquartered in Helsinki, Finland.
Read more on company pageKey Estimate Figures09.08.2023
2022 | 23e | 24e | |
---|---|---|---|
Revenue | 8,267.0 | 7,661.7 | 8,348.8 |
growth-% | -15.18 % | -7.32 % | 8.97 % |
EBIT (adj.) | 1,786.0 | 1,485.4 | 1,622.0 |
EBIT-% (adj.) | 21.60 % | 19.39 % | 19.43 % |
EPS (adj.) | 3.71 | 2.42 | 2.75 |
Dividend | 2.60 | 2.40 | 2.50 |
Dividend % | 5.85 % | 6.03 % | 6.29 % |
P/E (adj.) | 11.96 | 16.45 | 14.47 |
EV/EBITDA | 12.28 | 13.96 | 12.50 |
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