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Swiss-based distributor of IT hardware, software and technology solutions to resellers and businesses across Europe.
Swiss-based distributor of IT hardware, software and technology solutions to resellers and businesses across Europe.
Buys in volume from manufacturers and resells to resellers on a thin margin per sale, so scale and logistics matter. The better-paid part is recurring revenue from cloud subscriptions sold through its online marketplace and from services such as financing and leasing for resellers.
In one line: A European IT distributor like a smaller TD Synnex.
Moat: none (scale, distribution). Broad-line IT distribution is a thin-margin, scale-driven business with several large European competitors.
Headquarters: Emmen, Switzerland · Founded: 1984 · Employees: 5,157
Size ALSO (ALSN.SW) is a Switzerland Information Technology company (Electronics Distributors) with a market value of $3.01B, the 78th largest of 158 Switzerland companies the cockpit tracks. Shares closed at CHF 191.60 on 6 Nov 2026.
Performance Over six months the shares gained 17.1%, against -10.8% for the median peer and +11.6% for the Switzerland market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 29.0% over the last twelve months (peer median +27.1%); the operating margin is 1.7% (peer median 4.7%).
Valuation It trades at 16.7× forward earnings against a peer median of 13.1× (5th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is 0%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CHF 13.6B | CHF 12.7B | CHF 9.06B | CHF 9.68B | CHF 11.6B |
| Revenue growth | — | +40% | -6% | -17% | — |
| Gross profit | CHF 487M | CHF 466M | CHF 363M | CHF 372M | CHF 408M |
| EBITDA | CHF 304M | CHF 255M | CHF 187M | CHF 215M | CHF 241M |
| Net income | CHF 125M | CHF 102M | CHF 110M | CHF 120M | CHF 153M |
| Free cash flow | CHF 60.8M | CHF 172M | CHF 296M | CHF 365M | CHF 80.9M |
| Capital expenditure | CHF 21.5M | CHF 27.9M | CHF 30.0M | CHF 20.8M | CHF 15.0M |
| Total debt | n/a | CHF 631M | CHF 190M | CHF 270M | CHF 312M |
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 |
|---|---|---|---|---|---|---|
| ALSO ALSN.SW | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% |
| TD SYNNEX SNX | $17.4B | -9% | +24% | 3% | 9.3× | n/a |
| Ingram Micro INGM | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% |
| Esprinet PRT.MI | $379M | -9% | +5% | 1% | 11.6× | 2.7% |
| Arrow Electronics ARW | $9.22B | -7% | +26% | 4% | 7.4× | 0.1% |
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 | ALSN.SW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.2% | -10.0% | 5th highest of 21 |
| 6-month return | +17.1% | -10.8% | 2nd highest of 21 |
| Distance from 52-week high | -14.7% | -30.9% | 4th highest of 21 |
| Revenue growth (TTM) | +29.0% | +27.1% | 10th highest of 21 |
| Operating margin | 1.7% | 4.7% | 4th lowest of 21 |
| Forward P/E | 16.7× | 13.1× | 5th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | -4.4% | -2.9% | 6th least demanding of 11 |
| Growth delivered (Del g) | -0.1% | +8.9% | lowest of 11 |
| Hurdle (Req g minus delivered) | -4.3 pp | -12.2 pp | 3rd most demanding of 11 |
| ROIC minus cost of capital | +7.8 pp | +3.6 pp | 9th highest of 21 |
| Net debt / EBITDA | 1.1× | 0.6× | 5th most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ALSO ALSN.SW | Switzerland | $3.01B | +17% | +29% | 2% | 16.7× | -4.4% | -0.1% |
| Shenzhen Huaqiang Industry 000062.SZ | China | $3.04B | -48% | +48% | 4% | n/a | n/a | n/a |
| Resideo Technologies REZI | United States | $2.95B | +6% | +3% | 8% | 13.8× | n/a | n/a |
| Qi An Xin Technology 688561.SS | China | $2.61B | -15% | -14% | -45% | n/a | n/a | n/a |
| WinWay Technology 6515.TW | Taiwan | $3.63B | -67% | +45% | 24% | 27.9× | 32.8% | +22.0% |
| BIPROGY 8056.T | Japan | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% | +7.1% |
| Nanjing Sunlord Electronics 300975.SZ | China | $2.40B | -11% | +109% | 8% | n/a | n/a | n/a |
| SoftwareOne SWON.SW | Switzerland | $2.30B | +11% | +62% | 12% | 12.6× | -5.7% | +8.4% |
| Shenzhen CECport Technologies 001287.SZ | China | $2.28B | -24% | +138% | 2% | n/a | n/a | n/a |
| ASBISc Enterprises ASB.WA | Poland | $2.17B | +123% | +43% | 4% | 12.6× | 5.9% | +9.5% |
| Synnex Technology International 2347.TW | Taiwan | $4.26B | +3% | +36% | 2% | 7.8× | n/a | n/a |
| Xi'an Novastar Tech 301589.SZ | China | $2.12B | -9% | +15% | 17% | 22.0× | 15.9% | +28.7% |
| WPG 3702.TW | Taiwan | $4.78B | -12% | +29% | 2% | 4.4× | n/a | n/a |
| SINBON Electronics 3023.TW | Taiwan | $1.88B | -11% | +9% | 10% | 15.4× | -0.1% | +7.3% |
| Daiwabo 3107.T | Japan | $1.79B | +4% | +14% | 3% | 10.8× | -7.7% | +5.3% |
| Canon Marketing Japan 8060.T | Japan | $5.26B | +5% | +3% | 10% | 17.1× | -7.2% | +4.5% |
| Puya Semiconductor (Shanghai) 688766.SS | China | $5.30B | -12% | +323% | 37% | 13.0× | 15.2% | +26.5% |
| Shenzhen Yitoa Intelligent Control 300131.SZ | China | $1.68B | -39% | +3% | 0% | n/a | n/a | n/a |
| Wuhan P&S Information Technology 300184.SZ | China | $1.63B | -29% | +48% | 5% | 15.8× | n/a | n/a |
| SeSa SES.MI | Italy | $1.53B | -1% | +11% | 4% | 11.4× | -7.1% | +12.0% |
| Shenzhen Aisidi 002416.SZ | China | $1.44B | -44% | +26% | 1% | 22.1× | n/a | n/a |