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ALSO Holding (ALSN) Fair Value & Analysis

Technology · CH · Market cap CHF 2.4B

AH ALSO Holding ALSN · SW
PriceCHF 185.80
Fair ValueCHF 206.03
Upside+10.9%
Quality95/100
Evidence: High Range CHF 145.16 – CHF 266.90

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Share price +3.9% over the past month.

Price vs Fair Value (12 months)

CHF 272.36 CHF 124.21 Fair Value CHF 206.03 Jun 2025 Jun 2026

12‑month range CHF 124.21 – CHF 272.36 · fair‑value band CHF 145.16 – CHF 266.90 · the CHF 185.80 price screens below the CHF 206.03 fair value. As of Jun 24, 2026.

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Analysis

ALSO Holding (ALSN) currently trades at CHF 185.80, while our model-based Fair Value estimate is CHF 206.03 — implying the stock looks roughly 10.9% undervalued today. We read business quality at 95/100 (high quality), in the Technology 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, ALSO Holding generated revenue of CHF 13.5B at a net margin of 0.8%. Revenue grew 44.9% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of CHF 39.8M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) CHF 13.5B
Revenue growth (YoY) +44.9%
Net margin 0.8%
Return on equity 9.4%
Free cash flow CHF 185M FY2025
P/E ratio 23.4
More key figures
Operating margin 1.7%
EPS (TTM) CHF 7.92
Dividend yield 3.2%
EPS growth (YoY) -12.1%
Net cash CHF 39.8M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

ALSO Holding AG, together with its subsidiaries, operates as a technology services provider for the ICT industry in Switzerland, Germany, the Netherlands, United Kingdom, Poland, and internationally. The company distributes hardware and software products, including printers. It also offers information technology, Internet of Things, and digital platform services; and cloud and as-a-service, logistics, and finance services. In addition, the company offers cloud marketplace; artificial intelligence, virtualization, streaming, and cloud gaming; cybersecurity; training and events; aftersales; and recycling and refurbishment services. Further, it offers solutions stack, workplace as a service, device as a service, infrastructure as a service, software as a service, device management, support, cloud management, Microsoft Azure deployment, migration assessment, and IT consultancy services. The company also serves vendors, resellers, retailers, public institutions, and e-tailers, value-add …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ALSO Holding reported revenue of CHF 13.6B in FY2025 versus CHF 12.4B in FY2021, a compound +2.3%/yr. Reported net income was CHF 110M in FY2025, compounding −8.1%/yr from FY2021.

Revenue +2.3%/yr
FY21 CHF 12.4B
FY22 CHF 11.6B
FY23 CHF 10.0B
FY24 CHF 9.5B
FY25 CHF 13.6B
Net income −8.1%/yr
FY21 CHF 154M
FY22 CHF 152M
FY23 CHF 124M
FY24 CHF 115M
FY25 CHF 110M

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Frequently asked questions

Is ALSO Holding (ALSN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of CHF 206.03 versus a price of CHF 185.80 — about +11% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ALSN?
Our 21-model fair value for ALSO Holding is CHF 206.03 (as of Jun 24, 2026), built from audited fundamentals. The current price is CHF 185.80.
What is the quality score of ALSN?
ALSO Holding has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of ALSO Holding (ALSN)?
ALSO Holding reported trailing-twelve-month revenue of about CHF 13.5B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ALSN?
The net profit margin of ALSO Holding is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does ALSO Holding pay a dividend?
ALSO Holding currently shows a dividend yield of about 3.20% relative to its recent price (as of Jun 24, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.