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Aallon Group

9.08 EUR

+1.57 %

3,696 following

AALLON

First North Finland

IT Services

Technology

Overview

Financials & Estimates

Ownership

Dividend

Investor consensus

+1.57 %

-2.99 %

-14.74 %

-14.74 %

-15.93 %

-8.28 %

-15.14 %

-19.65 %

+2.33 %

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.

Market cap

35.56M EUR

Turnover

15.77K EUR

P/E (adj.) (26e)

EV/EBIT (adj.) (26e)

P/B (26e)

EV/S (26e)

Dividend yield-% (26e)

Coverage

Recommendation

Reduce

Target price

Updated

13.02.2026

Atte Riikola

Analyst

Latest research

Latest analysis report

Released: 12.08.2025

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

All

Research

ShowingAll content types

Aallon Group Extensive Report: Profit growth and cash flow from accounting services

Extensive research8/12/2025, 7:26 AM by

Aallon Group Extensive Report: Profit growth and cash flow from accounting services

The stock’s valuation (2026e, adj. P/E 10.6x) strikes us as low relative to the company's stable and strong cash-generating business and medium-term earnings growth prospects.

Analyst Comment10/7/2022, 8:28 AM 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 Group Digia Etteplan Fondia Gofore Innofactor Loihde Netum Group Nixu Siili Solutions Sitowise Group Solteq Solwers Talenom Witted Megacorp Vincit

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Forum discussions

CEO’s review from yesterday’s AGM Inderes Aallon Groupin yhtiökokous | Toimitusjohtajan katsaus 17.3.2026 - Inderes Aika: 18.03.2026 klo 18.24 Toimitusjohtaja Tuija Kerosen katsaus Aallon Groupin yhtiökokouksesta 17.3.2026.

3/18/2026, 4:25 PM

by Sara Antonacci

14

Here are some further thoughts on Aallon Group in this video: Inderes Aallon Group: Orgaaninen kasvu kiven alla - Inderes Aika: 25.02.2026 klo 13.13 Orgaaninen kasvu vaikuttaa olevan tiukassa Aallon Groupille, kun tilitoimistoalalla puhaltaa muutosten tuulet.

2/25/2026, 11:45 AM

by Atte Riikola

11

Rarely has Aallon sparked this much discussion Tapani Aalto has been out shopping Inderes Aallon Group Oyj - Johtohenkilöiden liiketoimet: Tapani Aalto - Inderes JOHTOHENKILÖIDEN LIIKETOIMET 17.2.2026 klo 12.25Aallon Group Oyj - Johdon liiketoimet___________________________________________...

2/21/2026, 8:33 AM

by N.K

10

The accounting industry is specifically weighted toward the spring. Profits are essentially made in the spring, as financial statements, tax returns, farm accounts, and other annual tasks are invoiced as additional work. Autumn is more about regular working hours. Of course, this...

2/21/2026, 10:47 AM

by Tilihenkilö

8

The most interesting part of this presentation was the business case for their own accounting software, which is attractive, just as I suspected. In other words, if 10% of current customers can be migrated to their own platform, the positive “net effect” is EUR 0.5–0.6 million per...

3/19/2026, 10:41 AM

by NuukaJussi

7

I agree with Atte regarding the sluggish outlook for organic growth; M&A deals in the accounting industry involve a bit of customer churn, and that just has to be accepted. On the other hand, some cost synergies are also gained, which compensate for this. I think the bigger question...

2/20/2026, 8:27 AM

by NuukaJussi

7

It would certainly be efficient capital allocation if the group could be grown by acquiring companies for free. Exactly. AG has grown its annual EPS at a CAGR of 20% over the last 5 years and 11% over the last 3 years. A 1% growth assumption is certainly playing it safe.

2/19/2026, 4:49 PM

by Kotipuutarhuri

4

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