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Operates Finnish news media brands and digital marketplaces for jobs and real estate listings.
Operates Finnish news media brands and digital marketplaces for jobs and real estate listings.
Employers and property sellers pay to list vacancies and homes on its sites, so the marketplaces earn per listing or by subscription, while newspapers earn from subscriptions and advertising, with print shrinking. Recruitment sites run in Finland and several central and eastern European countries.
Moat: narrow (network effects, brand, installed base). Leading Finnish digital marketplaces benefit from two-sided network effects that are hard to displace.
Headquarters: Helsinki, Finland · Employees: 1,711
Size Alma Media (ALMA.HE) is a Finland Communication Services company (Publishing: Newspapers) with a market value of $1.27B, the 31st largest of 65 Finland companies the cockpit tracks. Shares closed at €13.75 on 6 Nov 2026.
Performance Over six months the shares gained 7.0%, against -0.9% for the median peer and -2.9% for the Finland market (cap-weighted) — 3rd highest of 8 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median -2.7%); the operating margin is 26.4% (peer median 7.7%).
Valuation It trades at 15.8× forward earnings against a peer median of 11.5× (3rd most expensive of 6).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.7 points above its cost of capital (7.8% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €340M | €327M | €313M | €305M | €309M |
| Revenue growth | — | +5% | +3% | -1% | — |
| Gross profit | €162M | €148M | €138M | €134M | €134M |
| EBITDA | €106M | €98.1M | €92.8M | €89.3M | €90.2M |
| Net income | €67.2M | €55.4M | €52.3M | €56.3M | €71.9M |
| Free cash flow | €87.6M | €80.3M | €72.6M | €61.8M | €76.0M |
| Capital expenditure | €2.60M | €3.70M | €4.50M | €9.30M | €9.00M |
| Total debt | €149M | €158M | €182M | €198M | €173M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Alma Media ALMA.HE | $1.27B | +7% | +5% | 26% | 15.8× | 1.1% |
| Sanoma SANOMA.HE | $1.61B | -1% | -1% | 13% | 11.5× | -7.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALMA.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.2% | +0.1% | 2nd highest of 8 |
| 6-month return | +7.0% | -0.9% | 3rd highest of 8 |
| Distance from 52-week high | -8.3% | -21.3% | 3rd highest of 8 |
| Revenue growth (TTM) | +5.2% | -2.7% | 2nd highest of 8 |
| Operating margin | 26.4% | 7.7% | highest of 8 |
| Forward P/E | 15.8× | 11.5× | 3rd most expensive of 6 |
| Growth the price implies (Req g, 7 yrs) | 1.1% | -1.2% | 4th most demanding of 8 |
| Growth delivered (Del g) | +7.3% | +1.0% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -6.2 pp | +4.5 pp | 4th least demanding of 8 |
| ROIC minus cost of capital | +11.7 pp | +0.3 pp | highest of 7 |
| EV / EBITDA | 11.7× | 6.6× | 2nd most expensive of 7 |
| Net debt / EBITDA | 1.0× | 1.2× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Alma Media ALMA.HE | Finland | $1.27B | +7% | +5% | 26% | 15.8× | 1.1% | +7.3% |
| Sanoma SANOMA.HE | Finland | $1.61B | -1% | -1% | 13% | 11.5× | -7.6% | +4.2% |
| USA TODAY TDAY | United States | $965M | -14% | -7% | 6% | 39.2× | 9.8% | -7.5% |
| Daily Journal DJCO | United States | $885M | +28% | +23% | 13% | n/a | 22.0% | +11.9% |
| TX Group AG TXGN.SW | Switzerland | $2.43B | +54% | -7% | 4% | 35.4× | 14.3% | -1.3% |
| Zhejiang Huamei 000607.SZ | China | $598M | -5% | +3% | -23% | n/a | -1.2% | -5.7% |
| RCS MediaGroup RCS.MI | Italy | $484M | -15% | -3% | 8% | 7.6× | -5.9% | +1.0% |
| Transcontinental TCL-A.TO | Canada | $338M | 0% | -43% | 11% | 5.0× | -12.6% | +1.3% |