ZALANDO SE (ZAL.DE) Fundamental Analysis & Valuation

FRA:ZAL • DE000ZAL1111

Current stock price

21.98 EUR
-0.3 (-1.35%)
Last:

This ZAL.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ZAL.DE Profitability Analysis

1.1 Basic Checks

  • In the past year ZAL was profitable.
  • In the past year ZAL had a positive cash flow from operations.
  • ZAL had positive earnings in each of the past 5 years.
  • In the past 5 years ZAL always reported a positive cash flow from operatings.
ZAL.DE Yearly Net Income VS EBIT VS OCF VS FCFZAL.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M 400M 600M 800M 1B

1.2 Ratios

  • ZAL has a Return On Assets (2.30%) which is in line with its industry peers.
  • ZAL has a Return On Equity (7.53%) which is comparable to the rest of the industry.
  • With a Return On Invested Capital value of 5.75%, ZAL perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ZAL is below the industry average of 8.87%.
  • The 3 year average ROIC (4.95%) for ZAL is below the current ROIC(5.75%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.3%
ROE 7.53%
ROIC 5.75%
ROA(3y)2.17%
ROA(5y)2.03%
ROE(3y)6.82%
ROE(5y)6.36%
ROIC(3y)4.95%
ROIC(5y)4.61%
ZAL.DE Yearly ROA, ROE, ROICZAL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • ZAL has a Profit Margin (1.72%) which is in line with its industry peers.
  • ZAL's Profit Margin has declined in the last couple of years.
  • ZAL's Operating Margin of 3.14% is in line compared to the rest of the industry. ZAL outperforms 50.00% of its industry peers.
  • ZAL's Operating Margin has declined in the last couple of years.
  • The Gross Margin of ZAL (39.88%) is better than 61.11% of its industry peers.
  • ZAL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.14%
PM (TTM) 1.72%
GM 39.88%
OM growth 3Y58.82%
OM growth 5Y-7.36%
PM growth 3Y119.73%
PM growth 5Y-9.47%
GM growth 3Y0.57%
GM growth 5Y-1.27%
ZAL.DE Yearly Profit, Operating, Gross MarginsZAL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. ZAL.DE Health Analysis

2.1 Basic Checks

  • ZAL has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • ZAL has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ZAL has more shares outstanding
  • Compared to 1 year ago, ZAL has an improved debt to assets ratio.
ZAL.DE Yearly Shares OutstandingZAL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
ZAL.DE Yearly Total Debt VS Total AssetsZAL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 2.28 indicates that ZAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • ZAL has a better Altman-Z score (2.28) than 61.11% of its industry peers.
  • ZAL has a debt to FCF ratio of 1.60. This is a very positive value and a sign of high solvency as it would only need 1.60 years to pay back of all of its debts.
  • ZAL has a better Debt to FCF ratio (1.60) than 90.74% of its industry peers.
  • ZAL has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of ZAL (0.45) is better than 68.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.6
Altman-Z 2.28
ROIC/WACC0.91
WACC6.3%
ZAL.DE Yearly LT Debt VS Equity VS FCFZAL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • ZAL has a Current Ratio of 1.11. This is a normal value and indicates that ZAL is financially healthy and should not expect problems in meeting its short term obligations.
  • ZAL's Current ratio of 1.11 is in line compared to the rest of the industry. ZAL outperforms 40.74% of its industry peers.
  • A Quick Ratio of 0.68 indicates that ZAL may have some problems paying its short term obligations.
  • ZAL has a Quick ratio of 0.68. This is in the better half of the industry: ZAL outperforms 62.96% of its industry peers.
Industry RankSector Rank
Current Ratio 1.11
Quick Ratio 0.68
ZAL.DE Yearly Current Assets VS Current LiabilitesZAL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. ZAL.DE Growth Analysis

3.1 Past

  • ZAL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.49%.
  • ZAL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.19% yearly.
  • The Revenue has grown by 16.78% in the past year. This is quite good.
  • ZAL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.11% yearly.
EPS 1Y (TTM)-16.49%
EPS 3Y153.03%
EPS 5Y-1.19%
EPS Q2Q%-26.09%
Revenue 1Y (TTM)16.78%
Revenue growth 3Y6.07%
Revenue growth 5Y9.11%
Sales Q2Q%23.38%

3.2 Future

  • Based on estimates for the next years, ZAL will show a very strong growth in Earnings Per Share. The EPS will grow by 36.35% on average per year.
  • ZAL is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.82% yearly.
EPS Next Y82.67%
EPS Next 2Y52.19%
EPS Next 3Y42.36%
EPS Next 5Y36.35%
Revenue Next Year13.89%
Revenue Next 2Y10.04%
Revenue Next 3Y8.72%
Revenue Next 5Y8.82%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
ZAL.DE Yearly Revenue VS EstimatesZAL.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
ZAL.DE Yearly EPS VS EstimatesZAL.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1 2 3 4

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5

4. ZAL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 27.14, the valuation of ZAL can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as ZAL.
  • The average S&P500 Price/Earnings ratio is at 26.91. ZAL is around the same levels.
  • A Price/Forward Earnings ratio of 14.86 indicates a correct valuation of ZAL.
  • Based on the Price/Forward Earnings ratio, ZAL is valued a bit cheaper than the industry average as 64.81% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. ZAL is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 27.14
Fwd PE 14.86
ZAL.DE Price Earnings VS Forward Price EarningsZAL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ZAL indicates a somewhat cheap valuation: ZAL is cheaper than 62.96% of the companies listed in the same industry.
  • 68.52% of the companies in the same industry are more expensive than ZAL, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.42
EV/EBITDA 6.65
ZAL.DE Per share dataZAL.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as ZAL's earnings are expected to grow with 42.36% in the coming years.
PEG (NY)0.33
PEG (5Y)N/A
EPS Next 2Y52.19%
EPS Next 3Y42.36%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ZAL.DE Dividend Analysis

5.1 Amount

  • ZAL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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ZAL.DE Fundamentals: All Metrics, Ratios and Statistics

ZALANDO SE

FRA:ZAL (4/10/2026, 5:36:15 PM)

21.98

-0.3 (-1.35%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)03-12
Earnings (Next)05-06
Inst Owners58.44%
Inst Owner ChangeN/A
Ins Owners10.12%
Ins Owner ChangeN/A
Market Cap5.81B
Revenue(TTM)12.35B
Net Income(TTM)212.70M
Analysts81.82
Price Target36.55 (66.29%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-56.31%
Min EPS beat(2)-62.87%
Max EPS beat(2)-49.76%
EPS beat(4)1
Avg EPS beat(4)194.29%
Min EPS beat(4)-62.87%
Max EPS beat(4)892.08%
EPS beat(8)4
Avg EPS beat(8)89.21%
EPS beat(12)5
Avg EPS beat(12)36.9%
EPS beat(16)7
Avg EPS beat(16)-17.74%
Revenue beat(2)1
Avg Revenue beat(2)0.66%
Min Revenue beat(2)-1.67%
Max Revenue beat(2)2.99%
Revenue beat(4)2
Avg Revenue beat(4)0.62%
Min Revenue beat(4)-1.67%
Max Revenue beat(4)2.99%
Revenue beat(8)4
Avg Revenue beat(8)0.1%
Revenue beat(12)5
Avg Revenue beat(12)-0.24%
Revenue beat(16)5
Avg Revenue beat(16)-0.47%
PT rev (1m)-0.31%
PT rev (3m)0.17%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.38%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 27.14
Fwd PE 14.86
P/S 0.47
P/FCF 6.42
P/OCF 5.16
P/B 2.05
P/tB 4.97
EV/EBITDA 6.65
EPS(TTM)0.81
EY3.69%
EPS(NY)1.48
Fwd EY6.73%
FCF(TTM)3.42
FCFY15.56%
OCF(TTM)4.26
OCFY19.4%
SpS46.73
BVpS10.7
TBVpS4.42
PEG (NY)0.33
PEG (5Y)N/A
Graham Number13.96
Profitability
Industry RankSector Rank
ROA 2.3%
ROE 7.53%
ROCE 9.01%
ROIC 5.75%
ROICexc 10.6%
ROICexgc 36.66%
OM 3.14%
PM (TTM) 1.72%
GM 39.88%
FCFM 7.32%
ROA(3y)2.17%
ROA(5y)2.03%
ROE(3y)6.82%
ROE(5y)6.36%
ROIC(3y)4.95%
ROIC(5y)4.61%
ROICexc(3y)12.52%
ROICexc(5y)11.66%
ROICexgc(3y)24.98%
ROICexgc(5y)20.08%
ROCE(3y)7.77%
ROCE(5y)7.23%
ROICexgc growth 3Y117.1%
ROICexgc growth 5Y0.15%
ROICexc growth 3Y56.14%
ROICexc growth 5Y-16.83%
OM growth 3Y58.82%
OM growth 5Y-7.36%
PM growth 3Y119.73%
PM growth 5Y-9.47%
GM growth 3Y0.57%
GM growth 5Y-1.27%
F-Score6
Asset Turnover1.33
Health
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.6
Debt/EBITDA 1.6
Cap/Depr 54.95%
Cap/Sales 1.8%
Interest Coverage 7.59
Cash Conversion 142.19%
Profit Quality 424.92%
Current Ratio 1.11
Quick Ratio 0.68
Altman-Z 2.28
F-Score6
WACC6.3%
ROIC/WACC0.91
Cap/Depr(3y)65.4%
Cap/Depr(5y)91.31%
Cap/Sales(3y)2.12%
Cap/Sales(5y)2.59%
Profit Quality(3y)476.64%
Profit Quality(5y)439.08%
High Growth Momentum
Growth
EPS 1Y (TTM)-16.49%
EPS 3Y153.03%
EPS 5Y-1.19%
EPS Q2Q%-26.09%
EPS Next Y82.67%
EPS Next 2Y52.19%
EPS Next 3Y42.36%
EPS Next 5Y36.35%
Revenue 1Y (TTM)16.78%
Revenue growth 3Y6.07%
Revenue growth 5Y9.11%
Sales Q2Q%23.38%
Revenue Next Year13.89%
Revenue Next 2Y10.04%
Revenue Next 3Y8.72%
Revenue Next 5Y8.82%
EBIT growth 1Y-1.07%
EBIT growth 3Y68.47%
EBIT growth 5Y1.08%
EBIT Next Year113.43%
EBIT Next 3Y44.5%
EBIT Next 5Y31.63%
FCF growth 1Y102.06%
FCF growth 3Y102.84%
FCF growth 5Y26.66%
OCF growth 1Y72.19%
OCF growth 3Y34.79%
OCF growth 5Y16.39%

ZALANDO SE / ZAL.DE Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ZALANDO SE?

ChartMill assigns a fundamental rating of 5 / 10 to ZAL.DE.


Can you provide the valuation status for ZALANDO SE?

ChartMill assigns a valuation rating of 5 / 10 to ZALANDO SE (ZAL.DE). This can be considered as Fairly Valued.


What is the profitability of ZAL stock?

ZALANDO SE (ZAL.DE) has a profitability rating of 5 / 10.


What is the valuation of ZALANDO SE based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ZALANDO SE (ZAL.DE) is 27.14 and the Price/Book (PB) ratio is 2.05.