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Aspo

6.60 EUR

-2.94 %

5,441 following
Corporate customer

ASPO

NASDAQ Helsinki

Conglomerates

Industrials

-2.94 %
-12.70 %
+1.23 %
-1.79 %
+14.58 %
+34.15 %
-20.96 %
-22.90 %
+377.46 %

Aspo operates in the transport and logistics industry. The company is run as a conglomerate with the vision of being an active player in the acquisition and development of companies, mainly in the growth markets of Eastern Europe. The industries in which the company has interests include, for example, the grocery retail, industry, and the IT sector. The headquarters are located in Helsinki.

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Market cap
207.37M EUR
Turnover
29.96K EUR
P/E (adj.) (26e)
14.11
EV/EBIT (adj.) (26e)
12.61
P/B (26e)
1.24
EV/S (26e)
0.75
Dividend yield-% (26e)
3.94 %
Coverage
Recommendation
Accumulate
Target price
7.60 EUR
Updated
21.02.2026
Disclaimer
Kasper Mellas
Kasper Mellas

Analyst

Latest research

Latest analysis report

Released: 21.02.2026

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17.4
2026

General meeting '26

20.4
2026

Annual dividend

27.4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Aspo: Kursfald giver igen gode afkastforventninger
Research by
Kasper Mellas

Aspo: Kursfald giver igen gode afkastforventninger

Efter vores mening er udskillelsen af As pos forretningsområder den vigtigste kursdriver for aktien i den nærmeste fremtid, mens en klarere indtjeningsvækst stadig afventer en tydeligere genopretning af volumenudviklingen.

Aspo
Third party research

Aspo: Market weakness could persist in the short term - Nordea

Adjusted EBITA was slightly weaker than we expected in Q4. ESL Shipping has been suffering from a weak market environment, but Aspo is still considering both strategic options for the segment: a separate listing or a divestment. However, the segment'...

Aspo
Third party research

Aspo: ESL and Telko below our estimates - Evli

Aspo’s EUR 8.9m Q4 comparable EBITA landed clearly below our EUR 12.1m estimate due to ESL especially, where demand still wasn’t great while there were also customer plant outages and challenging weather.

Aspo
Third party research

Aspo: Earnings grow, multiples yet low - Evli

Aspo reports Q4 results on Feb 16. ESL should see more significant earnings gains from now on as outlook has at least stabilized, while Telko’s EBITA could gain by another EUR 2m.

Aspo
Third party research

Aspo: Target to be a pure compounder in 2027 - Nordea

The Leipurin segment was divested in August 2025 and ESL Shipping could be sold this year. A Telko compounder strategy could then be the main equity story for Aspo in 2027. Execution of the value-creation strategy could be considered successful if ESL...

Aspo
Forum discussions
Acquisition interest in ESL might even rise as a result of the orange one’s fixations. Yesterday, I watched shipping and rare earth companies related to Greenland rise by double-digit “hype percentages.” The Greenland deal Trump squeezed out of Europe, its schedule, and terms are...
1/23/2026, 11:14 AM
by Thiebault
10
Kasper has written a new company report following the plunge in Aspo’s share price. In our view, Aspo is well-positioned with an eye on industrial demand picking up in due course, in addition to which the upcoming structural reorganization offers an interesting special situation....
2/21/2026, 1:19 PM
by Sijoittaja-alokas
8
Aspo is well on its way to splitting into two separate listed companies, “ESL Shipping” and “Telko”, judging by the CEO’s comments, although he also mentions the possibility of selling ESL. The strategic transformation is progressing, and rightly so. Kasper’s interview revealed that...
2/16/2026, 6:56 PM
by osakemax
6
Hmm.. I’m a bit skeptical about this: First of all, PANL’s total fleet DWT is 897,000 tons (slightly over) and ESL’s is 116,000 tons. So, acquiring those ESL ships would bring quite little additional capacity (it seems ESL’s ships might be too small for those plans). Secondly, I ...
1/23/2026, 12:16 PM
by KohtiVapautta
6
OP TARGET PRICE €8.3, RECOMMENDATION ADD
2/17/2026, 3:21 PM
by osakemax
5
Kassu has written a company report following Aspo’s Q4 results In our view, Aspo is well-positioned for an eventual recovery in industrial demand, in addition to which the looming structural reorganization offers an interesting special situation. Following the share price rise and...
2/17/2026, 7:53 AM
by Sijoittaja-alokas
4
Inderes Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus... Aspo Oyj Tilinpäätöstiedote 16.2.2026 klo 9.00 Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus haastavassa markkinassa vuonna 2025 Tämä on tiivistelmä Aspo Oyj:n tilinp... Inderes...
2/16/2026, 9:56 AM
by Gwertheney
4
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