Risk factor
Strong & resilient to price shocks
Profitability factor
Strong margins and returns
About
Alma Media Oyj, a media company established in 2005 and headquartered in Helsinki, Finland, operates both domestically and internationally. Its business is structured into three distinct segments: Alma Career, Alma Talent, and Alma Consumer. Within its Alma Career division, the company delivers recruitment solutions via platforms such as Monster.fi, Jobs.cz, Prace.cz, CV Online, Profesia.sk, Monster.cz, Tunto, MojPosao.ba, and MojPosao.net. This segment also encompasses Talosofta, a specialist in enterprise resource planning (ERP) software tailored for the construction and renovation sectors. The Alma Talent segment is dedicated to providing subscription-based digital media content, alongside digital data, event, and marketplace services. It encompasses a suite of financial and professional media services under well-known brands like Kauppalehti, Talouselämä, Tekniikka & Talous, Tivi, Uusi Suomi, Mediuutiset, and Arvopaperi. Additionally, it publishes Mikrobitti, a magazine focused on consumer technology, and offers resources covering areas such as corporate insights, property data, legal matters, financial planning, skill enhancement, leadership strategies, educational programs, and marketing support. Alma Consumer focuses on a broad array of public-facing services. This includes multi-channel news and lifestyle content delivered via Iltalehti, along with housing services offered through Etuovi.com, Vuokraovi.com, and Muuttomaailma.fi. Automotive solutions are provided by Autotalli.com, Autojerry.fi, Autosofta, Websales, Webrent, and Tukkuautot.fi, while Urakkamaailma.fi and Etua.fi facilitate competitive tendering and comparison services. The segment further manages a diverse portfolio of other online platforms, including Nettimoto, Nettivene, Nettiauto, Nettikone, Nettimokki, Nettivaraosa, Nettikaravaani, Nettivuokraus, Nettimarkkina, Housing data, Ampparit.com, Konepörssi, Katsastushinnat.fi, Telkku.com, Kotikokki.net, E-kontakti.fi, and Rantapallo.fi. Travel offerings are handled by the Gofinland.fi portal, and Kivi provides a dedicated real estate agency system.
Company Valuation
Based on key historical and expected multiples, the stock is slightly overvalued relative to its peers. In particular, the stock is reasonably priced on P/E, 'expensive'
Target Price
The average target price of ALMA.HE is 15 and suggests 7% upside potential. Usually, this means a HOLD recommendation among investment firms. This neutral recommendation