Added to YB: 2025-09-17
Pitch date: 2025-09-15
AALLON.HE [neutral]
Aallon Group Oyj
-2.69%
current return
Author Info
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Company Info
Aallon Group Oyj provides accounting services in Finland. The company offers electronic accounting, such as financial administration data and reports, processing of purchase invoices, and communication and business administration; financial administration services, which include outsourced financial management, company accounting, and association accounting; salary administration and HR solutions comprising payroll as a service, electronic payroll administration, and HR solution and systems; and advisory services, including termination of business operations, tax optimization, change of company form, establishment of the company, and shareholder’s agreement.
Market Cap
EUR 42.7M
Pitch Price
EUR 11.15
Price Target
N/A
Dividend
2.06%
EV/EBITDA
8.10
P/E
19.64
EV/Sales
1.25
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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