Aspo Oyj

HLSE:ASPO Stock Report

Market Cap: €196.8m

Aspo Oyj Future Growth

Future criteria checks 1/6

Aspo Oyj is forecast to grow earnings and revenue by 3.8% and 3.2% per annum respectively. EPS is expected to grow by 2.5% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

3.8%

Earnings growth rate

2.52%

EPS growth rate

Industrials earnings growth11.6%
Revenue growth rate3.2%
Future return on equity11.33%
Analyst coverage

Low

Last updated29 Jul 2026

Recent future growth updates

Analysis Article • Nov 06

Aspo Oyj Just Beat EPS By 31%: Here's What Analysts Think Will Happen Next

It's been a good week for Aspo Oyj ( HEL:ASPO ) shareholders, because the company has just released its latest...
Analysis Article • Aug 21

Aspo Oyj Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for Aspo Oyj ( HEL:ASPO ) shareholders, because the company has just released its latest...

Recent updates

Narrative Update • Jun 16

ASPO: Dividend Policy And Stable Assumptions Will Support Future Upside

The analyst price target for Aspo Oyj has been reaffirmed at €7.30, with analysts citing only minor model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions as the basis for keeping their valuation unchanged. What’s in the News for Aspo Oyj The Annual General Meeting of Aspo Oyj approved a dividend of €0.25 per share for the 2025 financial year, to be paid in a single instalment.
Narrative Update • Jun 02

ASPO: Dividend Commitments Will Support Future Upside Potential

Analysts now set their price target for Aspo Oyj at €7.30, slightly below the previous €7.50. This reflects updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E.
Narrative Update • Apr 29

ASPO: Dividend Visibility And Buybacks Will Support Future Upside Potential

Analysts have reset their price target for Aspo Oyj from €7.75 to €7.50, as updated assumptions for discount rate, revenue growth, profit margin and future P/E lead to a modestly different view on the shares. What's in the News Annual General Meeting approved a dividend of €0.25 per share for the 2025 financial year, to be paid in one instalment with a record date of April 21, 2026 and payment date of April 28, 2026 (AGM decision).
Narrative Update • Apr 11

ASPO: Steady Fair Value And Buybacks Will Support Future Upside Potential

Analysts have kept their fair value estimate for Aspo Oyj steady at €7.75, with only minor tweaks to assumptions such as discount rate, long term revenue growth, profit margin and future P/E to reflect updated risk and return expectations. What's in the News Aspo Oyj's board has proposed a dividend of €0.25 per share for the 2025 financial year, with no dividend on treasury shares.
Narrative Update • Mar 28

ASPO: Share Buybacks And Higher Future P/E Will Support Upside Potential

Analysts have kept the Aspo Oyj price target steady at €7.75, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple that together offset each other in their valuation work. What's in the News Aspo announced that Chief Financial Officer Erkka Repo, a member of the Group Executive Committee since 2024, plans to leave the company to take a role elsewhere and is expected to step down by September 2026 (Key Developments).
Narrative Update • Mar 11

ASPO: Completed Share Buybacks Will Support Steady Fair Value And Bullish Outlook

Analysts have kept their fair value estimate for Aspo Oyj steady at €7.75, with only slight adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions, which results in a largely unchanged overall price target narrative. What's in the News Aspo Oyj completed a share buyback tranche, repurchasing 130,000 shares between November 4, 2025 and January 29, 2026.
Narrative Update • Feb 25

ASPO: Share Buybacks And Higher Future P/E Will Support Bullish Outlook

Analysts have trimmed their price target on Aspo Oyj from €8.15 to €7.75, reflecting updated assumptions around revenue growth, profit margins, discount rate, and future P/E expectations. What's in the News Aspo Oyj completed a share buyback tranche, repurchasing 130,000 shares between November 4, 2025 and January 29, 2026.
Analysis Article • Feb 17

Industry Analysts Just Upgraded Their Aspo Oyj (HEL:ASPO) Revenue Forecasts By 11%

Shareholders in Aspo Oyj ( HEL:ASPO ) may be thrilled to learn that the analysts have just delivered a major upgrade to...
Narrative Update • Feb 11

ASPO: Updated Growth And Margin Assumptions Will Support A Balanced Outlook

Analysts have raised their fair value estimate for Aspo Oyj from €7.45 to €8.15. They point to updated assumptions for revenue growth of 3.34%, a profit margin of 4.62%, and a future P/E of 10.42 as key drivers of the new target.
Narrative Update • Jan 27

ASPO: Portfolio Review And Share Buybacks Will Shape Balanced Future Outlook

Analysts have raised their price target on Aspo Oyj by €1.00 to €7.45, citing changes in their assumptions for the discount rate, expected revenue growth, profit margin and future P/E as the key drivers behind the update. What's in the News The Board of Directors is reviewing alternatives for ESL Shipping and Telko, including a possible partial demerger of Aspo or a divestment of ESL Shipping.
Analysis Article • Nov 06

Aspo Oyj Just Beat EPS By 31%: Here's What Analysts Think Will Happen Next

It's been a good week for Aspo Oyj ( HEL:ASPO ) shareholders, because the company has just released its latest...
Analysis Article • Aug 21

Aspo Oyj Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

It's been a good week for Aspo Oyj ( HEL:ASPO ) shareholders, because the company has just released its latest...
Narrative Update • Aug 17

EcoVadis Platinum And Green Vessel Investments Will Strengthen Future Sustainability

The upward revision in Aspo Oyj’s consensus price target primarily reflects a higher future P/E multiple and a modestly lower discount rate, resulting in an increased fair value estimate from €6.00 to €6.43. Valuation Changes Summary of Valuation Changes for Aspo Oyj The Consensus Analyst Price Target has risen from €6.00 to €6.43.
Analysis Article • May 15

Analysts Have Been Trimming Their Aspo Oyj (HEL:ASPO) Price Target After Its Latest Report

Investors in Aspo Oyj ( HEL:ASPO ) had a good week, as its shares rose 5.5% to close at €5.38 following the release of...
Analysis Article • Apr 24

Aspo Oyj (HEL:ASPO) Will Pay A Smaller Dividend Than Last Year

Aspo Oyj's ( HEL:ASPO ) dividend is being reduced from last year's payment covering the same period to €0.09 on the 7th...
Analysis Article • Feb 20

Earnings Beat: Aspo Oyj Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

The yearly results for Aspo Oyj ( HEL:ASPO ) were released last week, making it a good time to revisit its performance...
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New Narrative • Feb 06

Acquisitions Of Telko And Swed Handling Will Improve Supply Chain Efficiencies

Investments in eco-friendly shipping and strategic acquisitions are set to enhance revenue and improve margins through efficiencies and shifting customer preferences.
Analysis Article • Aug 24

Weak Statutory Earnings May Not Tell The Whole Story For Aspo Oyj (HEL:ASPO)

Aspo Oyj's ( HEL:ASPO ) recent weak earnings report didn't cause a big stock movement. We think that investors are...
Analysis Article • Apr 06

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For Aspo Oyj's (HEL:ASPO) CEO For Now

Key Insights Aspo Oyj's Annual General Meeting to take place on 12th of April CEO Rolf Jansson's total compensation...
Analysis Article • Mar 16

Aspo Oyj (HEL:ASPO) Has Announced That It Will Be Increasing Its Dividend To €0.24

Aspo Oyj ( HEL:ASPO ) will increase its dividend from last year's comparable payment on the 23rd of April to €0.24...

Earnings and Revenue Growth Forecasts

HLSE:ASPO - Analysts future estimates and past financials data (EUR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20285102428493
12/31/2027489208503
12/31/20264752530603
3/31/2026467181348N/A
12/31/2025469181549N/A
9/30/202560718-1139N/A
6/30/202561316-941N/A
3/31/20254438-2228N/A
12/31/20244601-1732N/A
9/30/2024467-1830N/A
6/30/202448422244N/A
3/31/202452831941N/A
12/31/2023536142648N/A
9/30/2023557183957N/A
6/30/2023570223452N/A
3/31/2023573334765N/A
12/31/2022561295068N/A
9/30/2022568264056N/A
6/30/2022570263956N/A
3/31/2022573233653N/A
12/31/2021573272744N/A
9/30/2021520255158N/A
6/30/2021494184957N/A
3/31/2021470135058N/A
12/31/202047495865N/A
9/30/2020514105859N/A
6/30/2020544136668N/A
3/31/2020579146065N/A
12/31/201958815N/A53N/A
9/30/201959712N/A46N/A
6/30/201958613N/A36N/A
3/31/201956714N/A23N/A
12/31/201854113N/A20N/A
9/30/201851717N/A19N/A
6/30/201850817N/A13N/A
3/31/201849915N/A19N/A
12/31/201750217N/A17N/A
9/30/201749518N/A24N/A
6/30/201748617N/A31N/A
3/31/201747817N/A20N/A
12/31/201645715N/A16N/A
9/30/201645513N/A12N/A
6/30/201644814N/A18N/A
3/31/201644214N/A25N/A
12/31/201544619N/A25N/A
9/30/201544619N/A27N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASPO's forecast earnings growth (3.8% per year) is above the savings rate (2.3%).

Earnings vs Market: ASPO's earnings (3.8% per year) are forecast to grow slower than the Finnish market (12.9% per year).

High Growth Earnings: ASPO's earnings are forecast to grow, but not significantly.

Revenue vs Market: ASPO's revenue (3.2% per year) is forecast to grow slower than the Finnish market (5% per year).

High Growth Revenue: ASPO's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ASPO's Return on Equity is forecast to be low in 3 years time (11.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/31 04:21
End of Day Share Price 2026/07/31 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aspo Oyj is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Markku JärvinenEvli Bank plc
Joonas IlvonenEvli Bank plc
Marianne PalmuInderes Oy