I’m involved here myself with a moderate stake, and it’s been an “interesting” share price performance for this year—after the drop at the beginning of the year, it’s been moving completely flat. Globally, share prices of peers of this type have recovered somewhat from the early-year “AI will take our jobs” dips, but it doesn’t seem to have had any impact on Aalto’s share price. This is cheap by all metrics, and even cheaper in the coming years, even if growth isn’t particularly strong. P/E for this year is over 9 and around 8 for next year, with a growing dividend yield and a reasonable ROE.
I’ve occasionally wondered whether a company with such a small market cap could be acquired by a larger player or a private equity investor. At the current price level, even a slightly larger premium wouldn’t add up to that much in the total price.