ALSO Holding ALSN.SW
SwitzerlandTechnology · Electronics & Computer DistributionSIX Swiss Exchange · CHF
229.30 CHF (+17.0%)
5 analysts
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ALSO Holding is a technology distributor headquartered in Switzerland that markets hardware, software, and IT solutions from third-party manufacturers through a broad network of resellers and end customers in Europe.
Listed on SIX Swiss Exchange · Symbol ALSN.SW · SWX: ALSN · Currency CHF
Key points
from its scores- ✓Strong growth8.8
- ✓Attractive valuation7.7
- ✓Favourable backdrop7.2
- ✕Poor share-price trend2.7
- ✕Little competitive advantage3.8
AI analysis
bottom line, main risk, context and newsGrowth and valuation are attractive, but low profitability and negative momentum suggest waiting for improved execution before adding to the position.
ALSO shows solid growth (revenue +19.6%, earnings +61.8%) with an attractive valuation (P/E 19.74, PEG 0.46), although its profitability is low (operating margin 1.75%) and 12-month momentum is negative (-12.62%). Financial health is adequate with moderate debt (ND/EBITDA 1.16).
The main risk is margin compression in a technology distribution business with a very thin operating margin (1.75%), where competition and pricing pressure can erode profitability.
Context and risks
ALSO is a technology distributor headquartered in Switzerland, a country with solid institutions and minority shareholder protection. Its hardware and IT solutions distribution business has no material exposure to interest rates, oil, or conflict-affected shipping routes. The rise in long-term rates and dollar strength do not significantly alter its risk profile.
Is ALSO Holding stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 44% below the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 19.7 | 31.3 | −37% |
| EV / EBITDA | 10.0 | 20.4 | −51% |
| Price / book | 2.1 | 6.3 | −66% |
| Price / sales | 0.2 | 5.3 | −97% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.7 out of 10 (median for Technology: 5.3).
Average analyst target: 229.30 CHF, +17.0% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 5.5 (sector 6.9), Growth 8.8 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 19.7
- Forward P/E
- 16.2
- EV / EBITDA
- 10.0
- Price / book
- 2.1
- Price / sales
- 0.2
- PEG
- 0.46
- Market cap
- 2.5B CHF
- Enterprise value
- 3.0B EUR
Profitability
- ROE
- 11.3%
- ROA
- 3.3%
- ROIC (approx.)
- 13.8%
- Gross margin
- 6.5%
- Operating margin
- 1.7%
- Net margin
- 0.9%
- Free cash flow
- 42.1M EUR
- FCF yield
- 1.6%
- Cash conversion
- 14%
Solvency
- Total debt
- 592.5M EUR
- Net debt
- 351.8M EUR
- Cash
- 240.7M EUR
- EBITDA
- 302.5M EUR
- Net debt / EBITDA
- 1.16
- Debt / equity
- 48.73
- Current ratio
- 1.21
- Quick ratio
- 0.46
Growth
- Revenue growth
- +19.6%
- Earnings growth
- +61.8%
- EPS (TTM)
- 9.93 CHF
- EPS (forward)
- 12.10 CHF
Dividend
- Dividend yield
- 2.7%
- Payout
- 53.1%
Risk and market
- Beta
- 0.82
- Analyst consensus
- none (5)
- Target price
- 229.30 CHF
- 52-week range
- 133.40 – 243.00
Recent news
All ALSN.SW news →Compare it with its sector
All 283 in Technology →Frequently asked questions about ALSO Holding
Is ALSO Holding stock cheap or expensive?
On P/E and EV / EBITDA, it trades 44% below the Technology median on average. Valuation score: 7.7 out of 10 (median for Technology: 5.3). Average analyst target: 229.30 CHF, +17.0% versus the price. This is not investment advice.
What score does ALSO Holding get on MeridIAn Screener?
It scores 6.2 out of 10, rank 784 of 2,130 (better than 60% of the companies analysed). Its strongest category is Growth (8.8) and its weakest, Momentum (2.7). Analysis of 08/10/2026.
What is ALSO Holding's P/E ratio?
Its P/E is 19.7: the share price equals 19.7 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 16.2.
How much is ALSO Holding worth on the stock market?
Its market capitalisation is 2.5B CHF and its enterprise value, debt included, is 3.0B CHF.
How much debt does ALSO Holding have?
Its net debt (debt minus cash) is 351.8M EUR. That is 1.16 times its EBITDA; the Technology median is 0.20.
Does ALSO Holding pay a dividend?
Yes: its dividend yield is 2.70% and it pays out 53% of its earnings.
How has ALSO Holding stock performed over the last year?
It has fallen 11.9% over the last year, excluding dividends. Over the last 52 weeks it has traded between 133.40 and 243.00 CHF. Past performance does not guarantee future results.
What do analysts think of ALSO Holding?
5 analysts cover it; their average recommendation is “none” and their average target is 229.30 CHF (+17.0% versus the price). It is an estimate, not market data.