ALSO Holding AG/Fr. ALSN
1D1W1MYTD1Y5YMAX
Capital at risk
About ALSO Holding AG
ALSO Holding AG is a Swiss company operating in the information and communications technology (ICT) distribution industry. The company provides a wide range of ICT products and solutions, including hardware, software, and services to resellers, retailers, and other customers. Founded in 1984, ALSO has developed a broad geographic footprint across Europe with a presence in more than 20 countries. Its business segments include Supply, Solutions, and Service, providing comprehensive distribution services and managed services. The company's strategic positioning is strengthened by its multi-vertical approach, offering tailored solutions to different segments of the ICT market.
- Ticker
- Fr. ALSN
- Sector
- Digital Hardware
- Primary listing
- XSWX
- Employees
- 5,264
- Headquarters
- Emmen, Switzerland
- Website
- www.also.com
ALSO Holding AG Metrics
BasicAdvanced
CHF 2.4B
18.92
CHF 10.16
0.85
CHF 5.30
2.76%
Price and volume
Market cap
CHF 2.4B
Beta
0.85
52-week high
CHF 258.50
52-week low
CHF 133.40
Average daily volume
15K
Dividend rate
CHF 5.30
Financial strength
Current ratio
1.213
Quick ratio
0.455
Long term debt to equity
0.31
Total debt to equity
0.487
Dividend payout ratio (TTM)
54.40%
Interest coverage (TTM)
4.38%
Profitability
EBITDA (TTM)
285.896
Gross margin (TTM)
6.92%
Net profit margin (TTM)
0.99%
Operating margin (TTM)
1.83%
Effective tax rate (TTM)
27.09%
Revenue per employee (TTM)
CHF 2,468,950
Management effectiveness
Return on assets (TTM)
3.29%
Return on equity (TTM)
11.26%
Valuation
Price to earnings (TTM)
18.925
Price to revenue (TTM)
0.175
Price to book
1.99
Price to tangible book (TTM)
1.99
Price to free cash flow (TTM)
58.768
Free cash flow yield (TTM)
1.70%
Free cash flow per share (TTM)
3.271
Dividend yield (TTM)
2.76%
Forward dividend yield
2.76%
Growth
Revenue change (TTM)
31.49%
Earnings per share change (TTM)
15.20%
3-year revenue growth (CAGR)
8.13%
10-year revenue growth (CAGR)
6.39%
3-year earnings per share growth (CAGR)
-1.66%
10-year earnings per share growth (CAGR)
7.53%
3-year dividend per share growth (CAGR)
6.94%
10-year dividend per share growth (CAGR)
12.54%
Bulls say / Bears say
ALSO delivered a strong H1 2026, with revenue up 21% to €8.3 billion, EBITDA up 29% to €162 million, and net profit up 61% to €69 million. (Deutsche Börse)
Cloud is becoming a higher-quality growth engine: H1 cloud revenue rose 31% to €1.1 billion, unique users increased 9% to 6 million, and monetisation per user improved 12%; ALSO also reported market-share gains in commercial and consumer businesses. (Deutsche Börse)
Shareholder returns and financial flexibility are supportive: ALSO launched a share-buyback program of up to €120 million, had repurchased €71.5 million by September 4, 2026, and entered 2026 with a strong financing base to support growth and acquisitions. (ALSO Holding)
ALSO’s H1 2026 results were strong, but management only reaffirmed 2026 guidance of €300–340 million EBITDA and ROCE above 20%, while warning that second-half visibility remains limited because of geopolitical, demand, pricing, and investment uncertainty. (Reuters)
The company remains exposed to cyclical, lower-margin transactional hardware and software distribution: Berenberg estimates this represents 72% of sales and cites component shortages, longer replacement cycles, and a projected 11.3% decline in PC shipments in 2026. (Reuters)
ALSO’s medium-term EBITDA target may be demanding: Berenberg says achieving €425–525 million would require roughly 14% annual EBITDA growth through 2029, versus about 8% historically, with margins rising above the company’s prior 2.5% peak. (Reuters)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.
Upcoming events
No upcoming events
Funds containing ALSO Holding AG
AllEURGBPUSD
Fund name | Fund size | Fr. ALSN weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.09% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.09% |
iShares MSCI World Small Cap$WSML | $9B | 0.02% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.02% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.02% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.