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Sampo Oyj A (SAMPO) Fair Value & Analysis

Financial Services · FI · Market cap €25.3B · ISIN FI4000552500

What is Sampo Oyj A really worth?

SO Sampo Oyj A SAMPO · HE
Price€9.68
Fair Value€6.06
Upside−37.4%
Quality60/100

A solid business, but trading 60% above our fair value of €6.06.

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Strengths

Solidly profitable · 15.6% net margin
Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +4.0 %/yr)
!Trails peers (5/15)
!Moderate moat 53/100

For context

·3.72% dividend yield
Evidence: High Range €4.55 – €7.58

Fair value as of: Sep 5, 2026

From 6 valuation models · updated today

Share price +1.6% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (€7.58). The favourable scenario is already priced in.
  • Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

€9.93 €5.13 Fair Value €6.06 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range €5.13 – €9.93 · fair‑value band €4.55 – €7.58 · the €9.68 price screens above the €6.06 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 5, 2026.

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Analysis

Sampo Oyj A (SAMPO) currently trades at €9.68, while our model-based Fair Value estimate is €6.06, implying the stock looks roughly 59.7% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Financial Services sector. Bull case: the Economic Profit group reads highest at a median of €6.25 per share, and 1 of the 6 models we run sit above the €9.68 price. Bear case: the Asset-Based group reads lowest at €1.98, and 5 of the 6 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Sampo Oyj A generated revenue of €10.7B at a net margin of 15.6%. Revenue declined 7.8% year over year. It earns a return on equity of 21.3%. Net debt stands at €1.6B. Fundamentals as of Sep 5, 2026

Our scenario range runs from €4.55 (bear case) to €7.58 (bull case); at €9.68, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 13% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −11% fair-value upside, at −37%, SAMPO screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €0.1699 per share, which is 2.8 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Gordon GGM €3.18 €6.62 €10.50 66
DDM Multi-Stage €3.18 €5.37 €6.95 66
Residual Income €4.84 €6.25 €27.64 64
All 6 models by family
Dividend Discount
Gordon GGM €3.18 €6.62 €10.50 66
DDM Multi-Stage €3.18 €5.37 €6.95 66
Multiples
P/E Multiple €7.38 €9.84 €12.30 63
P/B Multiple €3.10 €4.14 €5.17 55
Asset-Based
NCAV (Graham) €1.48 €1.98 €2.95 54
Economic Profit
Residual Income €4.84 €6.25 €27.64 64

Widest divergence: Economic Profit (€6.25) versus Asset-Based (€1.98). Highest evidence: Gordon GGM (66).

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Key figures & financial health

P/E ratio 15.9
P/S ratio 3.07 P/E × margin
EPS (TTM) €0.6100 price ÷ EPS = P/E 15.9
Dividend yield 3.7% payout 59.0%
Net margin 19.4% FY2025
Return on equity 21.3% TTM
More key figures
Profitability
Return on assets (EBIT) 6.3% avg 5y
Operating margin 2.5% TTM
Growth
Revenue (TTM) €10.7B TTM
Revenue growth (YoY) −7.8% 3y avg +10.3%
EPS growth (YoY) +221%
Balance sheet & cash flow
Free cash flow €1.6B FY2025
Net debt €1.6B FY2025 · ≈ 1.0 yrs of FCF

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 60 · Market factors (momentum, volatility) 66

Profitability 64
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 99
Calm price path (market factor)
Momentum 50
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 13
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Sampo Oyj, together with its subsidiaries, provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom. The company operates through Private Nordic, Private UK, Nordic Commercial, and Nordic Industrial segments.

Full company description

Sampo Oyj, together with its subsidiaries, provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom. The company operates through Private Nordic, Private UK, Nordic Commercial, and Nordic Industrial segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance, as well as reinsurance products under the If, Topdanmark, and Hastings brand names. Sampo Oyj was founded in 1909 and is based in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sampo Oyj A reported revenue of €10.3B in FY2025 versus €10.1B in FY2021, a compound +0.5%/yr. Reported net income was €2.0B in FY2025, compounding −6.1%/yr from FY2021.

Growth Quality 76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€10.3B
Latest YoY
+8.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.3%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+4.0%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+3.7%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−14.6% (−18.3 + 3.7)
Revenue +0.5%/yr
FY21 €10.1B
FY22 €7.7B
FY23 €8.5B
FY24 €9.5B
FY25 €10.3B
Net income −6.1%/yr
FY21 €2.6B
FY22 €2.1B
FY23 €1.3B
FY24 €1.2B
FY25 €2.0B
Character of growth · EPS growth decomposed (2014-2025) +3.4 % p.a.
Revenue per share +9.4 %

of which total revenue +4.9 % · buybacks/dilution +4.3 %

EBIT margin −4.8 %
Tax rate −1.0 %
Residual (interest, one-offs) +0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

SAMPO screens 60% overvalued. Compare with Berkshire Hathaway Inc →

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Cite: Fair Value Calculator (2026). "Sampo Oyj A Fair Value". https://www.fairvalue-calculator.com/stock/SAMPO

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Insurance - Diversified · 83 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 60 · Above median
Fair Value upside −37% · Below median
Return on equity (TTM) 21% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 2% · Bottom 25%
Revenue growth −8% · Bottom 25%
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.35× · Higher than median

Valuation Multiples vs Insurance - Diversified median · lower = cheaper

P/E (TTM) 15.9× · Pricier than median
P/B 3.78× · Pricier than 75% of peers
P/S (TTM) 2.76× · Pricier than 75% of peers
P/FCF 18.5× · Pricier than 75% of peers
EV/EBITDA 13.0× · Pricier than 75% of peers
PEG 33.68× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 11
FUTURE0 · sector 31
PAST85 · sector 49
HEALTH83 · sector 89
DIVIDEND74 · sector 72

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Diversified stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Berkshire Hathaway Inc BRKB80 1.67 THB 1.48 THB −11%
Allianz SE ALV €453.00 €266.04 −41%
Zurich Insurance Group ZURN CHF 596.00 CHF 335.07 −44%
AXA SA CS €43.61 €39.90 −9%
Assicurazioni Generali S.p.A G €44.11 €10.92 −75%
Sun Life Financial Inc SLF C$108.85 C$57.05 −48%
American International Group AIG $76.14 $80.91 +6%
The Hartford Insurance Group HIG $137.38 $133.10 −3%
Arch Capital Group ACGL $98.76 $124.45 +26%
Swiss Life Holding SLHN CHF 919.00 CHF 425.23 −54%

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Frequently asked questions

Is Sampo Oyj A (SAMPO) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of €6.06 versus a price of €9.68, about −37% upside (overvalued).
What is the fair value of SAMPO?
Our model-based fair value for Sampo Oyj A is €6.06 (as of Sep 5, 2026), built from audited fundamentals. The current price: €9.68.
What is the quality score of SAMPO?
Sampo Oyj A has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sampo Oyj A (SAMPO)?
Sampo Oyj A reported trailing-twelve-month revenue of about €10.7B (latest available figure, as of Sep 5, 2026).
What is the net profit margin of SAMPO?
The net profit margin of Sampo Oyj A is about 15.6%, meaning it keeps roughly 15.6% of revenue as net income. Based on the latest reported figures.
Does Sampo Oyj A pay a dividend?
Sampo Oyj A currently shows a dividend yield of about 3.72% relative to its recent price (as of Sep 5, 2026).
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