CapMan Oyj Class B

CapMan Oyj Class B

1.68
EUR
-0.12
(-6.78%)
0.09EPS
22.87P/E
309.35MMarket Cap
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.35
0.46
0.37
0.3
0.24
0.23
0.32
0.28
0.34
0.43
0.31
0.33
0.36
0.38
Basic EPS, GAAP
0.02
0.05
0.07
0.17
0.11
0.06
0.09
0.03
0.22
0.25
0.01
0.39
0.07
0.08
Free Cash Flow per Basic Share
-0.04
0.13
0.01
-0.04
-0.03
-0.03
-0.01
-0.08
0.07
0.04
0.08
0.02
-0.05
0.03
Dividend per Share
- -
0.04
0.06
0.07
0.09
0.11
0.12
0.14
0.14
0.16
0.18
0.13
0.16
0.15
Book Value per Share
0.75
0.76
0.76
1
0.87
0.82
0.83
0.72
0.8
0.89
0.71
1.12
1.06
1.03
Tangible Book Value per Share
0.67
0.68
0.68
0.95
0.84
0.79
0.72
0.62
0.7
0.84
0.66
0.88
0.8
0.75
Basic Weighted Avg Shares
84
86
86
88
145
146
152
156
157
158
159
174
177
177
Sales/Revenue/Turnover
30
39
32
27
35
34
49
43
53
68
49
58
63
67
Operating Margin (%)
7.01
24.14
12.97
-14.75
9.76
35.48
48.24
28.71
84.57
82.49
-2.43
28.91
36.87
34.09
Depreciation Expense
1
- -
- -
- -
2
- -
6
2
1
4
1
3
3
3
Net Income, GAAP
1
4
6
15
15
8
14
5
34
40
1
69
13
14
Effective Tax Rate (%)
26.68
19.82
6.12
1.54
4.67
8.63
9.83
31.9
12.9
13.82
- -
23.93
7.61
8.41
Profit Margin (%)
4.9
10.04
19.06
57.3
44.4
23.94
28.51
11.96
65.02
58.66
2.73
119.01
20.91
20.05
Working Capital
5
16
15
89
79
74
40
59
62
61
34
91
68
68
LT Debt
26
27
69
48
45
50
52
83
82
92
92
101
105
105
Total Equity
65
66
65
143
127
121
130
113
127
142
115
203
194
187
Return on Invested Capital (%)
2.35
5.19
7.48
10.69
9.65
6.04
9.38
4.37
19
20.49
- -
4.82
6.96
7.12
Return on Capital (%)
2.51
5.49
7.55
11.05
9.69
5.73
7.93
3.32
18.05
18.94
- -
26.51
5.44
3.61
Return on Common Equity (%)
2.03
6.08
9.26
14.69
11.47
6.52
11.26
4.29
28.8
29.81
1.06
43.96
6.81
7.24

Capital Structure

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
100
- -
- -
LT Finance Leases
5
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
177
177
177
Market Capitalization
347
319
309

Working Capital

EUR

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
96
99
87
Cash, Cash Equivalents & STI
65
69
51
Accounts Receivable, Net
17
30
36
Inventories
- -
- -
- -
Total Current Liabilities
27
40
18
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.49%
15.39%
-4.03%
Free Cash Flow
-1.95%
-111.85%
-360.36%
Net Income, GAAP
551.59%
1,080.01%
-80.78%
Sales/Revenue/Turnover
9.44%
10%
9.39%
Total Cash Common Dividend
22.04%
6.25%
24.93%

Quarterly Revenue

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
15
13
14
58
2025
13
14
15
21
63
2026
16
15
- -
- -
- -

Quarterly Earnings Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.02
- -
0.37
0.39
2025
0.02
- -
0.03
0.02
0.07
2026
0.02
0.01
- -
- -
- -

Quarterly Dividends Per Share

EUR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.07
0.04
0.01
0.13
2025
0.01
0.06
0.07
0.01
0.16
2026
0.01
0.06
- -
- -
- -

Company Description

CEO
Pia Kåll
Full Time Employees
238
Sector
Finance
Industry
Financial conglomerates
Address
Ludviginkatu 6 Helsinki UU Finland 00130
IPO Date
Apr 2, 2001
Website
capman.com
Business
CapMan Oyj is a leading Nordic private asset management company that manages funds investing in real estate, infrastructure, natural capital, unlisted companies and real asset debt; offers wealth management services providing access to public and private markets through a proprietary manager selection process; and provides procurement, fundraising, fund advisory, analysis, reporting and back-office services. The company operates primarily in the Nordics with a global handprint, including offices in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg and Düsseldorf, and targets institutional and private investors, local asset owners, growing businesses and Nordic communities. Founded in 1989 and headquartered in Helsinki, Finland, CapMan Oyj listed on Nasdaq Helsinki in 2001 and manages €7.1 billion in assets under management as of September 2025. Its core investment strategies encompass real estate funds focusing on transitional properties, hotels, social real estate and residential assets; infrastructure funds offering tailored solutions for utilities, data centres, fibre networks and energy services; natural capital investments in sustainable timberland, forest carbon sinks and natural sites across Europe and emerging markets; private equity through buyout and growth funds that develop growth strategies, execute acquisitions and build international organizations for mid-market unlisted companies; and the recently established real asset debt platform providing tailored financing across real estate segments in the DACH and Benelux regions. Recent developments include the July 2025 acquisition of CAERUS Debt Investments AG, which added €640 million to assets under management and launched the Real Asset Debt investment area with fundraising underway for CAERUS VIII; the March 2025 acquisition by CapMan Hotels II of Midstar Fastigheter AB's hotel portfolio, growing assets by €400 million; the completion of Dasos Capital Oy acquisition in March 2024 to bolster natural capital capabilities; €560 million in new capital raised year-to-date 2025 primarily for open-ended real estate funds; and ongoing fundraisings across all areas, including European Forest Fund IV targeting first close by year-end 2025, Nordic Infrastructure III planned for 2026 and Nordic Real Estate IV shifted to 2026.