Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
ALSO Holding AG is a leading technology provider and full-range distributor for the information and communications technology (ICT) industry. Headquartered in Emmen, Switzerland, it serves approximately 135,000 resellers across 30 European countries and 144 countries worldwide through PaaS partners, offering hardware, software, and IT services from over 800 vendors in more than 1,540 product categories. The company operates through three core segments: Supply for transactional provisioning of hardware and software; Solutions featuring high-end servers, storage, security systems, and networks; and Service providing standardized and customized IT services, including subscription-based cloud offerings, digital platforms for IoT, cybersecurity, virtualization, and AI. ALSO Holding AG emphasizes sustainable profitable growth, ethical practices, and environmental responsibility, aligning with ESG priorities while advancing its 'Transformative Integration' program, which has driven nearly 30 acquisitions over the past 12 years, including the recent partnership with Westcoast in Great Britain, Ireland, and France. As a key player in the ICT distribution ecosystem, it supports the circular economy by offering services from provisioning to remanufacturing, fostering innovation and scalability in the global technology supply chain.
Operating margin is thin at 1.57%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 42.0%, still solid. Free cash flow declined 44% despite revenue growth, conversion is weakening.
Free cash flow declined 44% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€13.50B
▲ +42.0% YoY
Net Income (TTM)
€110M
▼ -4.9% YoY
Op. Margin
1.57%
▼ -0.3pp YoY
ROIC
10.07%
▲ +0.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€164M
▼ -43.8% YoY
Op. Cash Flow (TTM)
€172M
▼ -43.3% YoY
Net Debt
-€404M
Net Cash Position
Cash & Equiv.
€830M
3Y CAGR: +7.8%
3Y CAGR: +33.8%
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