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CapMan Oyj (CAPMAN.HE)

EUR1.74 +0.01 (+0.35%)
FI HEL Financial Services Asset Management
Address Ludviginkatu 6 130
Helsinki, FI
CEO Pia Maria Kall
Website capman.com
IPO 2001-04-03
ISIN FI0009009377

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Also trades on London Stock Exchange · 0E1L.L (EUR) NASDAQ Helsinki · CAPMAN.HE (EUR)
Description

CapMan Oyj stands as a prominent Nordic alternative asset manager, distinguished by its proactive approach to enhancing value. The firm specializes in private equity and venture capital, deploying strategies that span growth capital, industry consolidation, turnarounds, recapitalizations, middle market buyouts, and offering credit and mezzanine financing for unlisted entities. Beyond private companies, CapMan also invests in value-add and income-generating real estate, alongside critical infrastructure projects in the energy, transportation, and telecommunications sectors. Primarily, CapMan operates through typically closed-end funds, strategically directing capital into businesses and assets across the Nordic region, all in line with specific fund mandates. These funds generally divest their holdings within a three to six-year timeframe, either through strategic trade sales or initial public offerings (IPOs). The company also oversees a selection of open-ended investment vehicles. Established in 1989, CapMan Oyj is headquartered in Helsinki, Finland, maintaining an international presence with additional offices in Stockholm, Copenhagen, Oslo, Luxembourg, and London. Listed on Nasdaq Helsinki since 2001, the firm further underlines its dedication to sustainable practices by having been a signatory to the UN Principles for Responsible Investment (PRI) since 2012.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR1.74 +0.01 (+0.35%)
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Volume Profile
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Liquidity & share structure
Average Volume
106.9K
Beta
0.48
Float Shares
124.96M
Free Float %
70.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.04% -4.11% -1.37% -3.58% -8.68% -12.39% -6.70% -35.84% -33.62% +83.62% -21.55%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1.74
DCF (Unlevered) 2.54 +46.0%
DCF (Levered) 0.51 -70.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.32
Grey zone
Piotroski F-Score
6 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
3 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Asset Management: +17.4%
    +9.4% Q1'26: +25.5% (vs Q1'25)
  • EPS growth Asset Management: +22.7%
    -81.0% Q1'26: -17.4% (vs Q1'25)
  • FCF margin FCF growth · Asset Management: +27.7%
    +26.3% Q1'26: +75.4% (vs Q1'25)
  • EBIT margin Asset Management: +50.6%
    +36.9% Q1'26: +34.4% (vs Q1'25)
  • ROIC Asset Management: +6.5%
    +9.1% Q1'26: +9.0% (vs Q1'25)
  • Share dilution Asset Management: +0.0%
    +1.8% Q1'26: +24.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Asset Management: -0.03×
    4.04× Q1'26: 4.12× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.96) × ERP
WACC = 75% × Ke + 25% × Kd (5.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 2.52 Current price: 1.74
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
2 Rev. Ana.
2 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
31.77M
est: 31.80M (-0.1%)
26.68M
est: 29.80M (-10.5%)
34.84M
est: 33.33M (+4.5%)
33.68M
est: 35.21M (-4.3%)
48.98M
est: 43.93M (+11.5%)
42.99M
est: 40.31M (+6.6%)
52.78M
est: 53.33M (-1.0%)
67.53M
est: 67.13M (+0.6%)
49.31M
est: 64.51M (-23.6%)
57.62M
est: 57.78M (-0.3%)
63.06M
est: 60.81M (+3.7%)
75.44M
73.54M – 77.35M
+24.1% YoY
87.54M
85.31M – 89.77M
+16.0% YoY
85.85M
85.65M – 86.05M
-1.9% YoY
89.30M
87.03M – 91.57M
+4.0% YoY
EBITDA
9.67M
est: 15.61M (-38.0%)
19.54M
est: 14.62M (+33.6%)
21.23M
est: 16.36M (+29.8%)
12.24M
est: 17.28M (-29.2%)
25.81M
est: 21.55M (+19.7%)
14.08M
est: 19.78M (-28.8%)
46.06M
est: 26.17M (+76.0%)
56.46M
est: 32.94M (+71.4%)
4.15M
est: 32.80M (-87.4%)
19.20M
est: 29.38M (-34.7%)
26.27M
est: 30.92M (-15.0%)
38.36M
37.39M – 39.33M
+24.1% YoY
44.51M
43.38M – 45.65M
+16.0% YoY
43.65M
43.55M – 43.76M
-1.9% YoY
45.41M
44.26M – 46.56M
+4.0% YoY
EBIT
9.35M
est: 14.34M (-34.8%)
19.28M
est: 13.44M (+43.5%)
19.51M
est: 15.03M (+29.8%)
12.06M
est: 15.88M (-24.0%)
20.23M
est: 19.80M (+2.1%)
12.58M
est: 18.18M (-30.8%)
44.58M
est: 24.04M (+85.4%)
52.28M
est: 30.27M (+72.7%)
2.66M
est: 30.06M (-91.2%)
16.66M
est: 26.93M (-38.1%)
23.24M
est: 28.34M (-18.0%)
35.16M
34.27M – 36.05M
+24.1% YoY
40.80M
39.76M – 41.84M
+16.0% YoY
40.01M
39.92M – 40.10M
-1.9% YoY
41.62M
40.56M – 42.68M
+4.0% YoY
Net Income
6.05M
est: 8.65M (-30.0%)
15.29M
est: 10.98M (+39.2%)
15.47M
est: 24.96M (-38.0%)
8.06M
est: 8.35M (-3.4%)
13.96M
est: 16.91M (-17.5%)
5.14M
est: 2.48M (+106.9%)
34.32M
est: 36.62M (-6.3%)
39.62M
est: 46.33M (-14.5%)
1.35M
est: 3.03M (-55.6%)
68.57M
est: 67.98M (+0.9%)
13.18M
est: 14.35M (-8.1%)
21.45M
21.10M – 22.53M
+49.5% YoY
28.05M
27.54M – 29.26M
+30.8% YoY
25.10M
22.73M – 26.23M
-10.5% YoY
24.83M
24.01M – 25.65M
-1.1% YoY
SGA
2.51M
2.23M
1.48M
1.44M
761.0K
— – —
— – —
— – —
— – —
EPS
0.06
est: 0.05 (+18.9%)
0.16
est: 0.06 (+154.2%)
0.10
est: 0.14 (-30.1%)
0.06
est: 0.05 (+14.9%)
0.09
est: 0.10 (-5.4%)
3.30
est: 0.01 (+23,057.9%)
0.22
est: 0.21 (+4.8%)
0.25
est: 0.27 (-5.9%)
0.01
est: 0.02 (-50.2%)
0.39
est: 0.38 (+1.8%)
0.08
est: 0.08 (-7.2%)
0.12
0.12 – 0.13
+52.0% YoY
0.16
0.16 – 0.16
+30.2% YoY
0.14
0.13 – 0.15
-13.8% YoY
0.14
0.14 – 0.14
+1.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-07 C- 1/5 3/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5
2026-05-05 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5
2026-05-04 B- 3/5 3/5 2/5 5/5 2/5 1/5 2/5
2026-04-30 B 3/5 3/5 3/5 5/5 2/5 1/5 2/5
2026-04-29 B 3/5 3/5 3/5 5/5 2/5 1/5 2/5
2026-04-28 B 3/5 3/5 3/5 5/5 2/5 1/5 2/5
2026-04-27 B 3/5 3/5 3/5 5/5 2/5 1/5 2/5
2026-04-24 B 3/5 3/5 3/5 5/5 2/5 1/5 2/5
2026-04-23 B 3/5 3/5 3/5 5/5 2/5 2/5 2/5
2026-04-22 B 3/5 3/5 3/5 5/5 2/5 2/5 2/5
2026-04-21 B 3/5 3/5 3/5 5/5 2/5 2/5 2/5
2026-04-20 B 3/5 3/5 3/5 5/5 2/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 3/5 5/5 2/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 3/5 5/5 2/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-17.80M
OE per share TTM
-0.09
Owner's Yield
-4.52%
Maintenance CapEx ratio
2.95%
Maint CapEx / Avg PPE
6.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Avantis International Equity ETF AVDE 0.00% 7.5K 0.23%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
116.2K
Shares Outstanding
177.18M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pia Maria Kall Chief Executive Officer 482.2K female
Antti Kiviluoto IT Director male
Atte Rissanen Chief Financial Officer male
Charlotte Wessman Head of Communication & Director of Marketing female
Edward Williams Managing Partner male
Essi Orenius General Counsel female
Heidi Sulin Chief Operating Officer female
Mika Matikainen Managing Partner male
Nea Säynäjoki Compliance Officer
Anders Björkell Buyout Partner male
Torsten Bjerregaard Managing Partner & CIO male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits