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Aallon Group (AALLON) Fair Value & Analysis

Industrials · FI · Market cap €34.0M

AG Aallon Group AALLON · HE
Price€8.96
Fair Value€11.29
Upside+26.0%
Quality59/100
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Healthy Growth
Thin margins · 5.8% net margin
Low debt · generates free cash flow
2.72% dividend yield
Mixed vs. peers (8/14)
Moderate moat 45/100
Evidence: High Range €7.99 – €14.60 Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 24 days ago

Share price +4.9% over the past month.

A solid business, screening 26% undervalued on our models.

What matters now

  • Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (€7.99 to €14.60) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

€11.50 €7.45 Fair Value €11.29 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range €7.45 – €11.50 · fair‑value band €7.99 – €14.60 · the €8.96 price screens below the €11.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Aallon Group (AALLON) currently trades at €8.96, while our model-based Fair Value estimate is €11.29, implying the stock looks roughly 26.0% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Aallon Group generated revenue of €39.6M at a net margin of 5.8%. Revenue grew 11.5% year over year. It earns a return on equity of 14.3%. Net debt stands at €7.3M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €7.99 (bear case) to €14.60 (bull case); at €8.96, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -35% fair-value upside, at 26%, AALLON screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €7.45 €12.10 €18.57 80
Residual Income €3.79 €4.32 €6.93 76
Rev-Margin DCF €6.98 €12.31 €19.51 74
All 26 models by family
DCF Models
FCF DCF €7.68 €13.26 €21.75 38
Owner Earnings €12.45 €21.31 €34.81 31
5Y Revenue Exit €6.98 €12.45 €19.97 39
5Y EBITDA Exit €11.54 €22.23 €36.09 41
5Y P/E Exit €8.06 €14.78 €22.65 38
10Y Revenue Exit €6.94 €11.83 €19.52 36
10Y EBITDA Exit €9.75 €18.10 €31.49 37
10Y P/E Exit €7.75 €13.32 €21.51 35
Earnings-Based
Graham-Dodd €4.12 €21.84 €30.24 54
Lynch FV €6.02 €8.60 €11.17 50
PEG = 1.0 €6.02 €8.60 €11.17 46
EPV €4.31 €4.87 €5.33 59
Dividend Discount
Gordon GGM €1.62 €2.72 €3.53 70
DDM Multi-Stage €1.62 €2.58 €2.92 61
Multiples
P/E Multiple €9.53 €12.71 €15.89 63
P/S Multiple €7.72 €10.29 €12.86 58
P/B Multiple €7.72 €10.29 €12.86 55
EV/EBIT €9.50 €12.80 €16.11 53
EV/EBITDA €15.39 €20.66 €25.93 54
EV/Revenue €6.66 €9.69 €12.72 43
Asset-Based
NCAV (Graham) €2.16 €2.89 €4.32 50
Growth DCF
Growth DCF €7.45 €12.10 €18.57 80
Rev-Margin DCF €6.98 €12.31 €19.51 74
Economic Profit
Residual Income €3.79 €4.32 €6.93 76
ROIC Compounder €4.31 €5.35 €6.57 72
Growth Earnings
Growth-Adj P/E €8.90 €12.72 €16.53 68

Widest divergence: DCF Models (€13.32) versus Dividend Discount (€2.58). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €39.6M
Revenue growth (YoY) +11.5%
Net margin 5.8%
Return on equity 14.3%
Free cash flow €3.2M FY2025
P/E ratio 15.0
More key figures
Operating margin 5.4%
EPS (TTM) €0.6100
Dividend yield 2.6%
EPS growth (YoY) +17.7%
Net debt €7.3M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 60 · Market factors (momentum, volatility) 42

Profitability 50
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 94
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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, …

Full company description

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. It serves construction, expert services, tourism and hospitality, service, real estate, wholesale, transport sector, and care services sectors. Aallon Group Oyj was incorporated in 2018 and is based in Helsinki, Finland.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Aallon Group reported revenue of €39.6M in FY2025 versus €24.5M in FY2021, a compound +12.7%/yr. Reported net income was €2.3M in FY2025, compounding +25.6%/yr from FY2021.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€39.6M
Latest YoY
+12.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.6%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.7%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.5%
Revenue +12.7%/yr
FY21 €24.5M
FY22 €29.3M
FY23 €32.9M
FY24 €35.1M
FY25 €39.6M
Net income +25.6%/yr
FY21 €929K
FY22 €2.0M
FY23 €1.8M
FY24 €2.4M
FY25 €2.3M

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Cite: Fair Value Calculator (2026). "Aallon Group Fair Value". https://www.fairvalue-calculator.com/stock/AALLON

Peer Group

Specialty Business Services · 253 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 59 · Above median
Fair Value upside +26% · Above median
Return on equity (TTM) 14% · Above median
Return on assets 5% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 12% · Above median
Dividend yield (TTM) 2.7% · Above median
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Specialty Business Services median · lower = cheaper

P/E (TTM) 14.6× · Cheaper than median
P/B 2.38× · Pricier than median
P/S (TTM) 0.99× · Pricier than median
P/FCF 12.4× · Pricier than 75% of peers
EV/EBITDA 9.1× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 68 · sector 24
FUTURE 58 · sector 27
PAST 57 · sector 33
HEALTH 89 · sector 92
DIVIDEND 54 · sector 54

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Business Services stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Cintas Corporation CTAS $206.25 $95.30 -54%
RELX PLC RELX $33.70 $32.49 -4%
Thomson Reuters Corporation TRI C$133.87 C$70.40 -47%
Copart, Inc CPRT $27.61 $28.59 +4%
Global Payments Inc GPN $80.49 $69.67 -13%
RB Global, Inc RBA C$156.43 C$49.14 -69%
Brambles Limited BXB A$18.79 A$12.28 -35%
UL Solutions Inc ULS $87.76 $33.62 -62%
Wolters Kluwer N.V WKL €62.56 €103.99 +66%
Aramark ARMK $56.74 $13.73 -76%

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Frequently asked questions

Is Aallon Group (AALLON) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €11.29 versus a price of €8.96, about +26% (undervalued).
What is the fair value of AALLON?
Our model-based fair value for Aallon Group is €11.29 (as of Jul 18, 2026), built from audited fundamentals. The current price is €8.96.
What is the quality score of AALLON?
Aallon Group has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Aallon Group (AALLON)?
Aallon Group reported trailing-twelve-month revenue of about €39.6M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of AALLON?
The net profit margin of Aallon Group is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Aallon Group pay a dividend?
Aallon Group currently shows a dividend yield of about 2.63% relative to its recent price (as of Jul 18, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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