Sampo Oyj Class A SAMPO

Morningstar Rating
€8.77 −0.06 (0.70%)
View Full Chart

Company Report

Sampo Balances Underwriting Quality With Growth; We Think the Former Takes Precedent

Sampo is an efficiently run Nordics-based personal lines insurer that tends to focus on improving its underwriting quality year on year, whether that is through holding on to customers for longer and therefore paying less in acquisition costs; digitalizing its operations and extracting expenses; gaining scale and negotiation power with its partners such as BMW, Ford, Mercedes, Nissan, Nordea, Volkswagen, and Volvia; or an ability to select lower-cost customers in terms of claims or customers that are willing to pay that little bit more in price. Sampo has proved this ability year after year, and to achieve this, it tends to invest organically around EUR 100 million annually. We think the savings the company has generated from these investments have more than covered their cost. We believe these investments have been good for shareholders.

Price vs Fair Value

SAMPO is trading at a LOCK|WnS>hq> premium.
Price
€8.83
Fair Value
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Uncertainty
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1-Star Price
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5-Star Price
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Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

In general, Sampo focuses on underwriting quality over market share, favoring disciplined growth.

Bears

Sampo is not a leader in any of its markets, and this puts it at risk in terms of its competitive position.

Trading Information

Previous Close Price
€8.83
Day Range
€8.73–8.83
52-Week Range
€8.63–10.39
Bid/Ask
€8.77 / €8.77
Shares Outstanding
2.63B
Market Cap
€23.08B
Volume/Avg
1M / 3M

Key Statistics

Price/Earnings (Normalized)
13.65
Price/Sales
2.01
Dividend Yield (Trailing)
4.08%
Dividend Yield (Forward)
4.08%
Dividend Payment Schedule
May
Total Yield
6.21%

Company Profile

Sampo is a leading Nordics-based insurer headquartered in Finland and listed in Helsinki. The company has operations in Denmark, Estonia, Finland, Norway, Lithuania, Latvia, and the United Kingdom. Sampo has four subsidiaries that mainly sell private insurance to retail customers. It is the largest property and casualty insurer in the Nordics. Headquartered in Sweden, and If also sells insurance in Denmark, Norway, and Finland. Topdanmark is a Danish property and casualty insurer focusing on personal lines insurance as well as agriculture and small and medium-size enterprises. Topdanmark has been rolled into the Nordics, and Hastings is a digital insurer that focuses on car, van, bike, and home insurance in the UK.
Sector
Financial Services
Industry
Insurance - Diversified
Stock Style Box
Large Value
Total Number of Employees
15,287

Competitors

Valuation

Metric
SAMPO
ALV
ADM
Price/Earnings (Normalized)
13.6513.0615.74
Price/Book Value
3.172.497.15
Price/Sales
2.011.012.19
Price/Cash Flow
10.3715.4712.77
Price/Earnings
SAMPO
ALV
ADM

Financial Strength

Metric
SAMPO
ALV
ADM
Quick Ratio
———
Current Ratio
———
Interest Coverage
26.86—37.07
Quick Ratio
No chart available

Profitability

Metric
SAMPO
ALV
ADM
Return on Assets (Normalized)
6.64%1.18%8.22%
Return on Equity (Normalized)
22.45%19.64%50.73%
Return on Invested Capital (Normalized)
17.34%14.03%22.92%
Return on Assets
SAMPO
ALV
ADM

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