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Aspo

7.20 EUR

-3.74 %

5,437 following
Corporate customer

ASPO

NASDAQ Helsinki

Conglomerates

Industrials

-3.74 %
-1.10 %
+10.43 %
+6.51 %
+24.14 %
+43.43 %
-13.77 %
-21.57 %
+420.87 %

Aspo operates in the transport and logistics industry. The company is run as a conglomerate with the vision of being an active player in the acquisition and development of companies, mainly in the growth markets of Eastern Europe. The industries in which the company has interests include, for example, the grocery retail, industry, and the IT sector. The headquarters are located in Helsinki.

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Market cap
226.22M EUR
Turnover
227.02K EUR
P/E (adj.) (26e)
15.39
EV/EBIT (adj.) (26e)
13.29
P/B (26e)
1.36
EV/S (26e)
0.79
Dividend yield-% (26e)
3.61 %
Coverage
Recommendation
Reduce
Target price
7.60 EUR
Updated
2026-02-17
Disclaimer
Kasper Mellas
Kasper Mellas

Analyst

Latest research

Latest analysis report

Released: 2026-02-17

Latest extensive report

Released: 2025-06-25

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
17/4
2026

General meeting '26

20/4
2026

Annual dividend

27/4
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
ShowingAll content types
Third party research

Aspo: Market weakness could persist in the short term - Nordea

Adjusted EBITA was slightly weaker than we expected in Q4. ESL Shipping has been suffering from a weak market environment, but Aspo is still considering both strategic options for the segment: a separate listing or a divestment. However, the segment'...

Aspo

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Third party research

Aspo: ESL and Telko below our estimates - Evli

Aspo’s EUR 8.9m Q4 comparable EBITA landed clearly below our EUR 12.1m estimate due to ESL especially, where demand still wasn’t great while there were also customer plant outages and challenging weather.

Aspo
Third party research

Aspo: Earnings grow, multiples yet low - Evli

Aspo reports Q4 results on Feb 16. ESL should see more significant earnings gains from now on as outlook has at least stabilized, while Telko’s EBITA could gain by another EUR 2m.

Aspo
Third party research

Aspo: Target to be a pure compounder in 2027 - Nordea

The Leipurin segment was divested in August 2025 and ESL Shipping could be sold this year. A Telko compounder strategy could then be the main equity story for Aspo in 2027. Execution of the value-creation strategy could be considered successful if ESL...

Aspo
Forum discussions
Acquisition interest in ESL might even rise as a result of the orange one’s fixations. Yesterday, I watched shipping and rare earth companies related to Greenland rise by double-digit “hype percentages.” The Greenland deal Trump squeezed out of Europe, its schedule, and terms are...
1/23/2026, 11:14 AM
by Thiebault
10
Arvopaperi published a list yesterday of Helsinki Stock Exchange companies popular among insiders in 2025. Aspo ranked fourth on the list, based on the total net value of acquisitions and disposals (€319,340). Ahead of it were Nokia, Tokmanni, and Kamux. List of Helsinki Stock Exchange...
1/22/2026, 12:18 PM
7
Aspo is well on its way to splitting into two separate listed companies, “ESL Shipping” and “Telko”, judging by the CEO’s comments, although he also mentions the possibility of selling ESL. The strategic transformation is progressing, and rightly so. Kasper’s interview revealed that...
yesterday
by osakemax
6
Hmm.. I’m a bit skeptical about this: First of all, PANL’s total fleet DWT is 897,000 tons (slightly over) and ESL’s is 116,000 tons. So, acquiring those ESL ships would bring quite little additional capacity (it seems ESL’s ships might be too small for those plans). Secondly, I ...
1/23/2026, 12:16 PM
by KohtiVapautta
6
Kassu has written a company report following Aspo’s Q4 results In our view, Aspo is well-positioned for an eventual recovery in industrial demand, in addition to which the looming structural reorganization offers an interesting special situation. Following the share price rise and...
18 hours ago
by Sijoittaja-alokas
4
Inderes Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus... Aspo Oyj Tilinpäätöstiedote 16.2.2026 klo 9.00 Aspo Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Merkittävä tulosparannus haastavassa markkinassa vuonna 2025 Tämä on tiivistelmä Aspo Oyj:n tilinp... Inderes...
yesterday
by Gwertheney
4
OP TARGET PRICE €8.3, RECOMMENDATION ADD
11 hours ago
by osakemax
3
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