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1. Company Snapshot

1.a. Company Description

ALSO Holding AG operates as a technology service provider for the ICT industry in Switzerland, Germany, the Netherlands, Poland, and internationally.It offers various ICT product categories of hardware, software, and information technology (IT) services.The company also provides other services, including cloud and as-a-service, logistics, and finance services.


It serves retailers, E-tailers, small and medium-sized business resellers, corporate resellers, value-added resellers, and others.The company was formerly known as ALSO-Actebis Holding AG and changed its name to ALSO Holding AG in March 2013.The company was founded in 1984 and is headquartered in Emmen, Switzerland.


ALSO Holding AG is a subsidiary of Special Distribution Holding GmbH.

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1.b. Last Insights on ALSN

ALSO Holding AG faced challenges due to unfavorable market conditions. Despite a 18% CAGR over the last three years for shareholders, the company encountered difficulties. A substantial decline in attention from investors was observed. Private companies hold significant control with 54% ownership, potentially limiting public influence. No recent earnings release was found, however, intrinsic value estimates suggest a fair value of CHF208. No information on share buybacks was available. Overall, ALSO Holding's short-term prospects seem impacted by evolving business conditions.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Is Now The Time To Look At Buying ALSO Holding AG (VTX:ALSN)?

Nov -07

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ALSO Holding (VTX:ALSN) shareholders have earned a 18% CAGR over the last three years

Oct -17

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ALSO Holding AG's (VTX:ALSN) largest shareholders are private companies with 54% ownership, individual investors own 25%

Sep -24

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A Look At The Intrinsic Value Of ALSO Holding AG (VTX:ALSN)

Sep -10

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ALSO Holding First Half 2025 Earnings: EPS: €3.38 (vs €3.40 in 1H 2024)

Jul -25

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ALSO Holding AG's (VTX:ALSN) Stock Is Going Strong: Have Financials A Role To Play?

Jun -30

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AIXTRON (ETR:AIXA) Is Investing Its Capital With Increasing Efficiency

Nov -28

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.81%)

6. Segments

Supply

Expected Growth: 3.5%

Strong demand for IT services and solutions, driven by digital transformation and cloud adoption, contributes to ALSO Holding AG's 3.5% growth. Additionally, the company's diversified customer base, strategic partnerships, and efficient cost management also support this growth rate.

Solutions

Expected Growth: 4.5%

ALSO Holding AG's 4.5% growth is driven by increasing demand for digital transformation solutions, expansion into new markets, and strategic acquisitions. The company's diversified portfolio of IT services and solutions, including cybersecurity, cloud, and data analytics, resonates with customers seeking to modernize their infrastructure. ALSO's strong partnerships with leading technology vendors and its ability to provide tailored solutions to SMBs and enterprises alike, further fuel its growth momentum.

Service

Expected Growth: 3.8%

ALSO Holding AG's 3.8% growth is driven by increasing demand for digital transformation, cloud computing, and cybersecurity services. The company's diversified portfolio, strong partnerships, and strategic acquisitions also contribute to its growth. Additionally, ALSO's focus on emerging technologies, such as artificial intelligence and the Internet of Things (IoT), positions it for future growth opportunities.

7. Detailed Products

IT Distribution

ALSO Holding AG provides a wide range of IT products and solutions to its customers, including hardware, software, and services from leading manufacturers.

Solutions

ALSO offers customized solutions for businesses, including data center, cloud, security, and networking solutions.

Services

ALSO provides a range of services, including logistics, financial services, and digital services, to support its customers' businesses.

Digital Services

ALSO offers digital services, including e-commerce platforms, digital marketing, and cybersecurity services, to help businesses digitize their operations.

Supply Chain Services

ALSO provides supply chain services, including procurement, inventory management, and distribution, to help businesses optimize their supply chain operations.

8. ALSO Holding AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for ALSO Holding AG is moderate, as there are some alternatives available in the market, but they are not very attractive to customers.

Bargaining Power Of Customers

The bargaining power of customers is low, as ALSO Holding AG has a strong brand presence and customers have limited alternatives.

Bargaining Power Of Suppliers

The bargaining power of suppliers is moderate, as ALSO Holding AG has a diverse supplier base, but some suppliers have significant bargaining power.

Threat Of New Entrants

The threat of new entrants is low, as the market has high barriers to entry and ALSO Holding AG has a strong market presence.

Intensity Of Rivalry

The intensity of rivalry is high, as the market is highly competitive and ALSO Holding AG faces intense competition from established players.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 20.17%
Debt Cost 7.76%
Equity Weight 79.83%
Equity Cost 7.76%
WACC 7.76%
Leverage 25.27%

11. Quality Control: ALSO Holding AG passed 6 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Computacenter

A-Score: 5.7/10

Value: 4.9

Growth: 6.9

Quality: 5.7

Yield: 5.0

Momentum: 6.0

Volatility: 5.7

1-Year Total Return ->

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Avnet

A-Score: 5.6/10

Value: 6.9

Growth: 5.2

Quality: 3.2

Yield: 6.0

Momentum: 4.0

Volatility: 8.0

1-Year Total Return ->

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AB

A-Score: 5.5/10

Value: 7.7

Growth: 6.3

Quality: 4.7

Yield: 4.4

Momentum: 4.0

Volatility: 6.0

1-Year Total Return ->

Stock-Card
Rexel

A-Score: 5.3/10

Value: 4.9

Growth: 5.2

Quality: 3.0

Yield: 7.5

Momentum: 5.5

Volatility: 5.7

1-Year Total Return ->

Stock-Card
Indra Sistemas

A-Score: 5.3/10

Value: 3.4

Growth: 6.9

Quality: 5.6

Yield: 1.9

Momentum: 10.0

Volatility: 4.0

1-Year Total Return ->

Stock-Card
ALSO Holding

A-Score: 4.6/10

Value: 5.8

Growth: 3.9

Quality: 4.8

Yield: 3.1

Momentum: 3.0

Volatility: 7.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

215.5$

Current Price

215.5$

Potential

-0.00%

Expected Cash-Flows