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Alisa Pankki Oyj (ALISA) Fair Value & Analysis

Financial Services · FI · Market cap €19.0M

AP Alisa Pankki Oyj ALISA · HE
Price€0.1515
Fair Value€0.1445
Upside-4.6%
Quality32/100
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Weak Growth
Loss-making · -10.0% net margin
Low debt · negative free cash flow
Trails peers (4/11)
Narrow moat 30/100
Evidence: Low Range €0.1040 – €0.1847 Share as image

Fair value as of: Jul 18, 2026

From 3 valuation models · updated 23 days ago

Share price +21.2% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (4 years)

€0.4090 €0.1235 Fair Value €0.1445 Nov 2022 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

45‑month range €0.1235 – €0.4090 · fair‑value band €0.1040 – €0.1847 · the €0.1515 price screens above the €0.1445 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

Alisa Pankki Oyj (ALISA) currently trades at €0.1515, while our model-based Fair Value estimate is €0.1445, implying the stock looks roughly 4.6% fairly valued today. The Quality Score stands at 32/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Alisa Pankki Oyj generated revenue of €21.1M at a net margin of -10.0%. Revenue declined 45.5% year over year. It earns a return on equity of -5.9%. The balance sheet holds a net cash position of €205M. Fundamentals as of Jul 18, 2026

Our scenario range runs from €0.1040 (bear case) to €0.1847 (bull case); at €0.1515, 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 38% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -5%, ALISA screens richer 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
Gordon GGM €0.8100 €1.02 €1.20 70
DDM Multi-Stage €0.8100 €1.03 €1.24 61
NCAV (Graham) €0.1200 €0.1500 €0.2300 50
All 3 models by family
Dividend Discount
Gordon GGM €0.8100 €1.02 €1.20 70
DDM Multi-Stage €0.8100 €1.03 €1.24 61
Asset-Based
NCAV (Graham) €0.1200 €0.1500 €0.2300 50

Widest divergence: Dividend Discount (€1.02) versus Asset-Based (€0.1500). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) €21.1M
Revenue growth (YoY) -45.5%
Net margin -10.0%
Return on equity -5.9%
Free cash flow −€69.2M FY2025
Operating margin 21.1%
More key figures
EPS (TTM) €-0.0100
Net cash €205M FY2025

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 43 · Market factors (momentum, volatility) 32

Profitability 5
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 80
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
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

Alisa Pankki Oyj provides various banking and financial services to personal and business customers in Finland, Denmark, Sweden, and Germany. The company offers saving accounts, fixed-term deposits, personal and corporate loans, credit cards, invoice financing, corporate financing, and payment services, as well as mobile and online banking.

Full company description

Alisa Pankki Oyj provides various banking and financial services to personal and business customers in Finland, Denmark, Sweden, and Germany. The company offers saving accounts, fixed-term deposits, personal and corporate loans, credit cards, invoice financing, corporate financing, and payment services, as well as mobile and online banking. The company was formerly known as Fellow Pankki Oyj and changed its name to Alisa Pankki Oyj in April 2023. Alisa Pankki Oyj was incorporated in 1983 and is headquartered in Helsinki, Finland.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Alisa Pankki Oyj reported revenue of €22.4M in FY2025 versus €7.9M in FY2021, a compound +29.7%/yr. Reported net income was −€2.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
€22.4M
Latest YoY
−28.9%
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.
+22.1%
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.
−22.9%
Avg. growth/yr (16Y) 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.
−6.4%
Revenue +29.7%/yr
FY21 €7.9M
FY22 €12.3M
FY23 €21.9M
FY24 €31.5M
FY25 €22.4M
Net income
FY21 −€1.6M
FY22 −€10.6M
FY23 −€138K
FY24 −€1.2M
FY25 −€2.1M

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Cite: Fair Value Calculator (2026). "Alisa Pankki Oyj Fair Value". https://www.fairvalue-calculator.com/stock/ALISA

Peer Group

Banks - Regional · 1083 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 40 · Bottom 25%
Fair Value upside −5% · Below median
Return on assets 1% · Below median
Net margin (TTM) -10% · Bottom 25%
Operating margin (TTM) 21% · Bottom 25%
Revenue growth -46% · Bottom 25%

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/B 0.63× · Cheaper than 75% of peers
P/S (TTM) 1.04× · Cheaper than 75% of peers
PEG 0.08× · Cheaper than 75% of peers

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 27 · sector 39
FUTURE 0 · sector 44
PAST 0 · sector 41
HEALTH 100 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 35/100

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is Alisa Pankki Oyj (ALISA) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of €0.1445 versus a price of €0.1515, about −5% (fairly valued).
What is the fair value of ALISA?
Our model-based fair value for Alisa Pankki Oyj is €0.1445 (as of Jul 18, 2026), built from audited fundamentals. The current price is €0.1515.
What is the quality score of ALISA?
Alisa Pankki Oyj has a Quality Score of 32/100. 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 Alisa Pankki Oyj (ALISA)?
Alisa Pankki Oyj reported trailing-twelve-month revenue of about €21.1M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of ALISA?
The net profit margin of Alisa Pankki Oyj is about -10.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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