Added to YB: 2025-09-17
Pitch date: 2025-09-15
AALLON.HE [neutral]
Aallon Group Oyj
-16.59%
current return
Author Info
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Company Info
Aallon Group Oyj provides accounting services in Finland. The company offers financial management services, including outsourced financial management, company accounting, association accounting, and foundation accounting; payroll and HR solutions, such as payroll as a service, electronic payroll administration, and HR solutions and system; outsourced CFO, business support, financial statement analysis, performance coach, budget tool, customized CFO and controller services, and customized reports and Bl systems; and legal services, tax advice, and corporate restructuring, and acquisitions services.
Market Cap
EUR 35.0M
Pitch Price
EUR 10.86
Price Target
N/A
Dividend
2.62%
EV/EBITDA
6.92
P/E
15.13
EV/Sales
1.05
Sector
Professional Services
Category
value
One Year Update on Aallon Group
AALLON.HE (update): Finnish accounting firm consolidator up 39% in 14mo via M&A (40+ deals since 2018). Organic growth ~0%, management avoids discussing. Acquired Premium Group at 4-5x EBITDA, doubling value-added services. ROIC/ROE improving despite heavy D&A. FCF growth weak due to lease costs from acquisitions. Skeptical of 'business model transition' creating unnecessary complexity & one-off costs.
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