(ALSN) Also Holding - Ratings and Ratios

ALSO Holding AG (SW:ALSN) is a leading technology services provider, operating in the heart of Europe with a strong presence in Switzerland, Germany, the Netherlands, Poland, and beyond. The company serves as a critical link in the ICT ecosystem, offering a broad range of hardware, software, and IT services tailored to meet the diverse needs of its customers.

What makes ALSO unique is its comprehensive suite of services. They provide cloud and as-a-service solutions, which are increasingly vital in todays digital transformation era. Their logistics network is a well-oiled machine, ensuring efficient distribution and supply chain management. Additionally, they offer financial services, which can be a game-changer for businesses looking to optimize their cash flow and investment in technology.

ALSOs customer base is as varied as their offerings. They serve everyone from large retailers and e-tailers to small and medium-sized businesses, corporate resellers, and value-added resellers. This diversification not only reduces dependency on any single market segment but also positions the company as a stable partner in the ever-evolving tech landscape.

Founded in 1984 and headquartered in Emmen, Switzerland, ALSO has a rich history. Formerly known as ALSO-Actebis Holding AG, the company rebranded in 2013 to reflect its expanded scope and vision. As a subsidiary of Special Distribution Holding GmbH, ALSO leverages its parent companys resources while maintaining operational independence.

Looking at the numbers, ALSO Holding AG has a market capitalization of 3093.68M CHF. The trailing P/E ratio of 29.16 indicates that investors have high expectations for future growth. The price-to-book ratio of 3.21 suggests that the market values the companys assets and future prospects more than its book value. The price-to-sales ratio of 0.33 is relatively low, which could signal that the company is undervalued relative to its revenue.

For investors and fund managers, ALSO Holding AG presents an intriguing opportunity. Its position as a distributor in the technology sector means it can benefit from the secular tailwinds driving the demand for IT infrastructure, cloud computing, and digital transformation. The companys diversified customer base and extensive service offerings provide a level of stability, while its international footprint offers growth potential.

However, its important to consider the risks. The technology distribution business is highly competitive, with thin margins. ALSOs success is closely tied to the health of its suppliers and the overall economy. Investors should also be mindful of the companys debt levels and its ability to generate cash flow to service that debt.

In conclusion, ALSO Holding AG is a company that straddles the worlds of technology and distribution. Its role as a middleman in the ICT supply chain gives it a unique position to benefit from the ongoing digitization of the economy. For investors looking for exposure to the technology sector without the volatility of pure-play tech stocks, ALSO could be worth a closer look.