Sampo: The share starts to be fully priced
Sampo will publish its Q3 results on Wednesday (November 2). We have made minor revisions to our estimates, mainly related to investment income. At group level the changes remain small. We expect excellent technical performance from Sampo. The share price has continued to rise in the gloomy stock market and the share is finally priced in line with the sum of its parts.
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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 Figures27.10.2022
2021 | 22e | 23e | |
---|---|---|---|
Revenue | 9,746.0 | 10,595.9 | 9,497.7 |
growth-% | 15.86 % | 8.72 % | -10.36 % |
EBIT (adj.) | 2,190.0 | 1,759.4 | 1,673.6 |
EBIT-% (adj.) | 22.47 % | 16.60 % | 17.62 % |
EPS (adj.) | 2.86 | 2.46 | 2.36 |
Dividend | 4.09 | 2.83 | 2.98 |
Dividend % | 10.21 % | 7.14 % | 7.52 % |
P/E (adj.) | 14.01 | 16.07 | 16.77 |
EV/EBITDA | 6.78 | 9.91 | 10.54 |