Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
CapMan Oyj is a leading Nordic private asset management company and private equity fund manager, founded in 1989 and headquartered in Helsinki, Finland. It specializes in managing funds across key areas including private equity, real estate, infrastructure, and natural capital, with investments primarily targeting unlisted Nordic companies, properties, energy, transportation, digital communications, timberland, and forest carbon sinks. CapMan raises capital mainly from European institutional investors such as pension funds, insurance companies, endowments, family offices, and public institutions, overseeing approximately €7.1 billion in assets under management. The firm employs around 200 professionals across offices in Helsinki, Stockholm, Copenhagen, Oslo, Luxembourg, and London, emphasizing active ownership, sustainability, and value creation for societal enrichment. Notable features include dedicated investment teams for buyouts, growth, special situations, credit, real estate debt, and wealth management services. As a signatory to the UN Principles for Responsible Investment since 2012, CapMan integrates ESG factors into its strategies, focusing on responsible investments that support economic well-being, job creation, and sustainable development in the Nordic region and beyond.
€1.75
+€0.01 (+0.57%)
Live · 06:42 PM
36.87% operating margin is above average. ROIC at 7.09%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 9.4%, steady but not accelerating. Free cash flow declined 360% despite revenue growth, conversion is weakening.
Free cash flow declined 360% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€8M. The business is consuming cash, not generating it.
25.0x earnings, 55.4x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€66M
▲ +9.4% YoY
Net Income (TTM)
€15M
▼ -78.5% YoY
Op. Margin
33.13%
▲ +8.0pp YoY
ROIC
7.09%
▲ +2.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€6M
▼ -360.4% YoY
Op. Cash Flow (TTM)
€23M
▼ -77.1% YoY
Net Debt
€42M
Cash & Equiv.
€65M
3Y CAGR: -2.3%
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At a P/E of 25.0 and a price-to-free-cash-flow of 55.4, CapMan Oyj (CAPMAN.XHEL) trades above a two-stage DCF intrinsic value of about €0.31 per share, so at €1.75 the stock looks overvalued (82.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, CapMan Oyj scores 14/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 8.8%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €0.31 per share for CAPMAN.XHEL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €0.23. At today's €1.75, that puts the stock about 82.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
CapMan Oyj scores 14 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 33.1% operating margin and a 7.1% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, CapMan Oyj pays a regular dividend of about €0.15 per share per year (typically in quarterly installments), a yield of roughly 8.8% at the current price. That is a payout ratio of about 177.7% of earnings, so the dividend is stretched at this level. CapMan Oyj has grown the dividend at roughly 5.4% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CAPMAN.XHEL's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. CAPMAN.XHEL currently trades above its estimated intrinsic value and scores 14/100 on quality (lower-quality). It also yields about 8.8%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.