Aspo Oyj

HLSE:ASPO Stock Report

Market Cap: €161.5m

Aspo Oyj Valuation

Is ASPO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ASPO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ASPO (€5.14) is trading below our estimate of fair value (€30.17)

Significantly Below Fair Value: ASPO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ASPO?

Key metric: As ASPO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ASPO. This is calculated by dividing ASPO's market cap by their current earnings.
What is ASPO's PE Ratio?
PE Ratio82.6x
Earnings€1.96m
Market Cap€161.49m

Price to Earnings Ratio vs Peers

How does ASPO's PE Ratio compare to its peers?

The above table shows the PE ratio for ASPO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
NORDLIG Nordic Lights Group Oyj
30.6xn/a€122.8m
RELAIS Relais Group Oyj
13.3x10.9%€241.1m
CONSTI Consti Oyj
10.8x12.4%€80.7m
RAUTE Raute Oyj
7.4x1.4%€72.9m
ASPO Aspo Oyj
82.6x54.7%€161.5m

Price-To-Earnings vs Peers: ASPO is expensive based on its Price-To-Earnings Ratio (82.6x) compared to the peer average (10.5x).

Price to Earnings Ratio vs Industry

How does ASPO's PE Ratio compare vs other companies in the European Industrials Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASPO 82.6xIndustry Avg. 16.7xNo. of Companies6PE01224364860+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ASPO is expensive based on its Price-To-Earnings Ratio (82.6x) compared to the European Industrials industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is ASPO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ASPO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio82.6x
Fair PE Ratio33.9x

Price-To-Earnings vs Fair Ratio: ASPO is expensive based on its Price-To-Earnings Ratio (82.6x) compared to the estimated Fair Price-To-Earnings Ratio (33.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ASPO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.14
€6.75
+31.3%
3.7%€7.00€6.50n/a2
Nov ’25€5.62
€6.75
+20.1%
3.7%€7.00€6.50n/a2
Oct ’25€6.10
€6.75
+10.7%
3.7%€7.00€6.50n/a2
Sep ’25€5.98
€6.75
+12.9%
3.7%€7.00€6.50n/a2
Aug ’25€5.96
€6.50
+9.1%
7.7%€7.00€6.00n/a2
Jul ’25€5.82
€6.50
+11.7%
7.7%€7.00€6.00n/a2
Jun ’25€6.00
€6.50
+8.3%
7.7%€7.00€6.00n/a2
May ’25€5.88
€6.50
+10.5%
7.7%€7.00€6.00n/a2
Apr ’25€6.08
€6.50
+6.9%
7.7%€7.00€6.00n/a2
Mar ’25€5.87
€6.50
+10.7%
7.7%€7.00€6.00n/a2
Feb ’25€6.13
€6.50
+6.0%
7.7%€7.00€6.00n/a2
Jan ’25€5.98
€6.50
+8.7%
7.7%€7.00€6.00n/a2
Dec ’24€6.17
€6.50
+5.3%
7.7%€7.00€6.00n/a2
Nov ’24€6.20
€6.50
+4.8%
7.7%€7.00€6.00€5.622
Oct ’24€5.97
€6.75
+13.1%
3.7%€7.00€6.50€6.102
Sep ’24€6.09
€6.75
+10.8%
3.7%€7.00€6.50€5.982
May ’24€8.15
€9.80
+20.2%
8.2%€10.90€9.00€5.883
Apr ’24€8.56
€9.25
+8.1%
2.7%€9.50€9.00€6.082
Mar ’24€8.13
€9.25
+13.8%
2.7%€9.50€9.00€5.872
Feb ’24€8.36
€9.25
+10.6%
2.7%€9.50€9.00€6.132
Jan ’24€8.20
€9.25
+12.8%
2.7%€9.50€9.00€5.982
Dec ’23€8.13
€9.25
+13.8%
2.7%€9.50€9.00€6.172
Nov ’23€8.15
€9.00
+10.4%
5.6%€9.50€8.50€6.202

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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