Sampo (SAMAS) - LANDINGPAGE



Recommendations and Price Targets
Recommendations
negative: 2, neutral:8, positive:8 (total:18)
-1
+10.33
AuthorityPrice targets (in Euro)Recommendations
 CurrentPreviousChangeUpside/DownsideCurrentPreviousChangeLast Update
AB Bernstein 40.00 40.00 0.0% 1.2% Marketperform Marketperform Unchanged 2016-02-18 
ABG Sundal Collier 47.00 48.00 -2.1% 19.0% Buy Buy Unchanged 2016-05-03 
Autonomous Research 45.00 13.9% Neutral Unchanged 2016-04-27 
Barclays 49.00 24.0% Overweight Unchanged 2016-05-03 
Berenberg Bank 42.80 8.3% Buy Unchanged 2016-02-12 
Carnegie 41.00 Hold Unchanged 2016-02-10 
Citigroup 41.50 42.50 -2.4% 5.0% Neutral Neutral Unchanged 2016-04-27 
Danske Markets 42.50 Hold Unchanged 2016-02-10 
Deutsche Bank 45.00 13.9% Hold 2016-04-27 
DNB Markets 42.00 42.00 0.0% 6.3% Hold Hold 2016-05-03 
Evli Bank 47.00 Accumulate Unchanged 2016-01-21 
Exane BNP Paribas 42.00 Neutral Unchanged 2016-02-03 
FIM 47.00 19.0% Accumulate Unchanged 2016-05-03 
Goldman Sachs 46.00 46.00 0.0% 16.4% Neutral Neutral Unchanged 2016-05-03 
Handelsbanken 51.00 29.1% Buy Unchanged 2016-05-03 
HSBC 51.90 51.90 0.0% 31.4% Buy Buy Unchanged 2016-05-03 
Inderes 45.00 Accumulate Unchanged 2016-02-10 
J.P. Morgan Cazenove 43.50 43.50 0.0% 10.1% Neutral Neutral Unchanged 2016-04-11 
Mediobanca 42.00 45.50 -7.7% 6.3% Underperform Underperform Unchanged 2016-05-03 
Nordea Markets 45.50 47.00 -3.2% 15.2% Buy Buy 2016-04-11 
Pohjola Bank 45.00 45.00 0.0% 13.9% Accumulate Accumulate 2016-04-29 
SEB Enskilda 42.80 42.80 0.0% 8.3% Hold Hold 2016-02-11 
UBS 40.00 1.2% Sell 2016-05-03 
 CurrentPreviousChangeRecommendationsCurrentPreviousChanges 
Price (in Euro)  (as of last trading day) 39.51     Number of Analysts 18 18     
Number of Analysts 18 16   - thereof positive Upgraded: 0 Analysts 
- Highest 51.90 51.9 0.00% - in % 44.4% 44.4%     
- Consensus 44.83 44.5 0.80% - thereof neutral Unchanged: 17 Analysts 
- Median 45.00 44.3 1.70% - in % 44.4% 44.4%     
- Lowest 40.00 40.0 0.00% - thereof negative Downgraded: 0 Analysts 
        - in % 11% 11.1%     
 
Price Target Analysis (in Euro)
PT Consensus (right hand scale)
Share price (right hand scale)
Recommendations (in %) and Price Targets (in Euro)
Positive (left hand scale)
Neutral (left hand scale)
Negative (left hand scale)
General Data, Price Targets, Estimates and Valuation
 
General data (as of last trading day) Key metrics2014 A2015 A2016 E2017 E2018 E
Market capitalisation (in Euro m) 22,126  Combined ratio 87.7% 85.4% 86.8% 86.8% 87.1% 
Pre tax profit, CAGR (15-18) -0.6%  ROE 16.6% 17.1% 13.8% 14.0% 14.2% 
EPS basic (in Euro) CAGR (15-19) -0.60%  P/E 13 13.1 0.0 0.0 0.0 
Performance YTD -14.9%  NAV/Share 22.6 23.8 22.7 23.1 23.7 
     Div. yield 5.5% 5.5% 5.8% 6.1% 6.3% 
 
Consensus estimates (in Euro m)2015 AQ1 2016 E2016 EChange YoY
in %
2017 EChange YoY in %2018 EChange YoY in %
Pre tax profit 1,888 393 1,743 -7.7% 1,808 3.7% 1,854 2.6% 
Profit (loss) for the financial period 1,656 349 1,524 -8.0% 1,584 3.9% 1,628 2.8% 
EPS basic (in Euro) 2.96 0.62 2.72 -8.0% 2.83 3.9% 2.91 2.8% 
DPS (in Euro) 2.15 2.29 6.7% 2.41 5.0% 2.50 3.8% 
 
 
Annual and Quarterly Estimates Development
 
FY 2015 Consensus Estimates (in Euro m)
Profit (loss) for the financial period (left hand scale)
Pre tax profit (right hand scale)
Quarterly Development (in Euro m)
Profit (loss) for the financial period (left hand scale)
Pre tax profit (right hand scale)
Last update on 04/05/2016
The earnings estimates of the following institutions were included in the above figures:
AB Bernstein, ABG Sundal Collier, Autonomous Research, Barclays, Berenberg Bank, Citigroup, Deutsche Bank, DNB Markets, FIM, Goldman Sachs, Handelsbanken, HSBC, J.P. Morgan Cazenove, Mediobanca, Nordea Markets, Pohjola Bank, SEB Enskilda, UBS
 
Disclaimer
This document has been issued by Vara Research GmbH for information purposes only and is not intended to constitute investment advice. It is based on estimates and forecasts of various analysts regarding revenues, earnings and business developments of the relevant company. The company did not participate in the compilation of the estimates and it does not endorse them. Such estimates and forecasts cannot be independently verified by reason of the subjective character. Vara Research GmbH gives no guarantee, representation or warranty and is not responsible or liable as to its accuracy and completeness.

file data build at 2016-05-27 03:00:55