CapMan: Fee profit estimate up on step up in margin - SEB

In Q4, CapMan performed in the areas that matter. The company raised around EUR 340m during the quarter in strategies which allowed a step up in the blended fee margin. The fee profit continues to grow and we gain more confidence on the continuing scale in 2026E. As fee profit is the key value driver in the case, our fair value range moves a notch up to EUR 2.1-2.4.

Länk till analysen i sin helhet: https://research.sebgroup.com/corporate/reports/139948