Aallon Group

9.22 EUR

+3.13 %

3,694 following
Corporate customer

AALLON

First North Finland

IT Services

Technology

+3.13 %
+4.77 %
-13.43 %
-13.43 %
-17.31 %
-12.61 %
-10.92 %
-23.49 %
+3.91 %

Aallon Group is an accounting firm that offer financial management services, such as bookkeeping and payroll. In addition to traditional accounting office services, the company produces various advisory services related to business operations and taxation, and financial management consulting. In addition, the company does its own application development in digital services and automation of financial administration. The oldest company in the group was founded in 1957.

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Market cap
36.1M EUR
Turnover
3.01K EUR
P/E (adj.) (26e)
9.8
EV/EBIT (adj.) (26e)
8.53
P/B (26e)
1.96
EV/S (26e)
0.92
Dividend yield-% (26e)
2.71 %
Coverage
Recommendation
Accumulate
Target price
10.50 EUR
Updated
28.04.2026
Disclaimer
Atte Riikola
Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 21.04.2026

Latest extensive report

Released: 12.08.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
High
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Året starter med to små opkøb
Research by
Atte Riikola

Året starter med to små opkøb

Aktiens værdiansættelse (2026e justeret P/E 10x) ser efter vores mening attraktiv ud i forhold til selskabets stabile og stærke pengestrømsgenererende forretningsområde og indtjeningsvækstudsigter på mellemlang sigt.

Aallon Group
Analyst Comment by
Juha Kinnunen, Frans-Mikael Rostedt

Case: Cost structures and profitability of expert companies

In this review, we examine the cost structures of Nasdaq Helsinki’s expert companies. The group clearly focuses on the IT service sector, but it also includes expert companies from accounting firms to engineers and legal services.

Aallon GroupDigiaEtteplanFondiaGoforeInnofactorLoihdeNetum GroupNixuSiili SolutionsSitowise GroupSolteqSolwersTalenomWitted MegacorpVincit
Forum discussions
Practically all the same data that I would give to an accountant. Bank transactions and the fiscal year-end balance, receipts for expenses accumulated during the year, and additionally all transactions from Nordnet. I also provided previous years’ financial statements and materials...
4/21/2026, 8:58 AM
by Atte Riikola
9
In my opinion, Aallon is not a pure-bred serial acquirer, nor does the company profile itself as one in its own communications. The company also does not report inorganic growth separately, and nowadays, the purchase prices and often the profitability of smaller deals remain undisclosed...
yesterday
by Atte Riikola
5
Do you mean that acquisitions should be modeled so that I only deduct the paid purchase price from cash assets and don’t add any revenue at all? The point earlier was precisely that I always try to preemptively shave a bit off those reported figures for the coming years to account...
5/4/2026, 10:11 AM
by Atte Riikola
5
It does indeed generate the general ledger/journal. And at least in my case, expenses/revenues seemed to go to the right places immediately. However, this is a very simple and annually very similar accounting process, so I would have been surprised if things were completely off. ...
4/21/2026, 9:37 AM
by Atte Riikola
5
Hi Atte, my previous message was poorly phrased. I should have been more careful when writing it, but that’s water under the bridge. I wrote a question on February 18th regarding inorganic growth. You responded to it like this: Regarding acquisitions, I will also state the following...
yesterday
by Kotipuutarhuri
4
Here are Atte’s comments on Aallon Group’s recent acquisitions. Aallon Group announced on Tuesday that it is acquiring Lahti-based Taloushallinta Leiska Oy and the business operations of Oulu-based Taloushallinto Halli. The arrangements are small, targeted acquisitions in line with...
4/29/2026, 5:00 AM
by Sijoittaja-alokas
3
The Röko thread has featured quite a bit of interesting discussion regarding serial acquirers (sarjayhdistelijä). It fits well in the Aallon thread too.
yesterday
by Kotipuutarhuri
2
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