ZALANDO SE (ZAL.DE) Fundamental Analysis & Valuation

FRA:ZAL • DE000ZAL1111

Current stock price

23.07 EUR
-0.26 (-1.11%)
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

  • ZAL had positive earnings in the past year.
  • In the past year ZAL had a positive cash flow from operations.
  • ZAL had positive earnings in each of the past 5 years.
  • ZAL had a positive operating cash flow in each of the past 5 years.
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 of 2.30%. This is comparable to the rest of the industry: ZAL outperforms 53.57% of its industry peers.
  • ZAL's Return On Equity of 7.53% is in line compared to the rest of the industry. ZAL outperforms 55.36% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.75%, ZAL is in line with its industry, outperforming 57.14% 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 9.31%.
  • 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

  • Looking at the Profit Margin, with a value of 1.72%, ZAL is in line with its industry, outperforming 55.36% of the companies in the same industry.
  • ZAL's Profit Margin has declined in the last couple of years.
  • The Operating Margin of ZAL (3.14%) is comparable to the rest of the industry.
  • ZAL's Operating Margin has declined in the last couple of years.
  • ZAL has a better Gross Margin (39.88%) than 62.50% 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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5

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.
  • The number of shares outstanding for ZAL has been reduced compared to 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

  • ZAL has an Altman-Z score of 2.31. This is not the best score and indicates that ZAL is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a Altman-Z score value of 2.31, ZAL perfoms like the industry average, outperforming 58.93% of the companies in the same industry.
  • The Debt to FCF ratio of ZAL is 1.60, which is an excellent value as it means it would take ZAL, only 1.60 years of fcf income to pay off all of its debts.
  • ZAL has a better Debt to FCF ratio (1.60) than 87.50% 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 62.50% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.6
Altman-Z 2.31
ROIC/WACC0.9
WACC6.42%
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

  • A Current Ratio of 1.11 indicates that ZAL should not have too much problems paying its short term obligations.
  • The Current ratio of ZAL (1.11) is worse than 62.50% of its industry peers.
  • A Quick Ratio of 0.68 indicates that ZAL may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.68, ZAL perfoms like the industry average, outperforming 58.93% of the companies in the same industry.
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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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%.
  • Measured over the past years, ZAL shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.19% on average per year.
  • The Revenue has grown by 16.78% in the past year. This is quite good.
  • The Revenue has been growing by 9.11% on average over the past years. This is quite good.
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

  • ZAL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.35% yearly.
  • The Revenue is expected to grow by 8.82% on average over the next years. This is quite good.
EPS Next Y75.79%
EPS Next 2Y53.1%
EPS Next 3Y41.19%
EPS Next 5Y36.35%
Revenue Next Year13.89%
Revenue Next 2Y10.04%
Revenue Next 3Y8.67%
Revenue Next 5Y8.82%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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6

4. ZAL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.48, ZAL can be considered very expensive at the moment.
  • ZAL's Price/Earnings is on the same level as the industry average.
  • ZAL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.95.
  • The Price/Forward Earnings ratio is 16.20, which indicates a correct valuation of ZAL.
  • ZAL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ZAL is cheaper than 66.07% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.68, ZAL is valued rather cheaply.
Industry RankSector Rank
PE 28.48
Fwd PE 16.2
ZAL.DE Price Earnings VS Forward Price EarningsZAL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • ZAL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ZAL is cheaper than 62.50% of the companies in the same industry.
  • 71.43% 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 6.74
EV/EBITDA 7
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.
  • ZAL's earnings are expected to grow with 41.19% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y53.1%
EPS Next 3Y41.19%

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

0

5. ZAL.DE Dividend Analysis

5.1 Amount

  • No dividends for ZAL!.
Industry RankSector Rank
Dividend Yield 0%

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ZAL.DE Fundamentals: All Metrics, Ratios and Statistics

ZALANDO SE

FRA:ZAL (4/21/2026, 5:04:53 PM)

23.07

-0.26 (-1.11%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)03-12
Earnings (Next)05-06
Inst Owners61.45%
Inst Owner ChangeN/A
Ins Owners10.12%
Ins Owner ChangeN/A
Market Cap6.09B
Revenue(TTM)12.35B
Net Income(TTM)212.70M
Analysts81.82
Price Target36.51 (58.26%)
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)-0.41%
PT rev (3m)-1.54%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.76%
EPS NY rev (3m)-7.01%
Revenue NQ rev (1m)1.13%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.79%
Valuation
Industry RankSector Rank
PE 28.48
Fwd PE 16.2
P/S 0.49
P/FCF 6.74
P/OCF 5.41
P/B 2.16
P/tB 5.22
EV/EBITDA 7
EPS(TTM)0.81
EY3.51%
EPS(NY)1.42
Fwd EY6.17%
FCF(TTM)3.42
FCFY14.83%
OCF(TTM)4.26
OCFY18.48%
SpS46.73
BVpS10.7
TBVpS4.42
PEG (NY)0.38
PEG (5Y)N/A
Graham Number13.962 (-39.48%)
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 2.31
F-Score6
WACC6.42%
ROIC/WACC0.9
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 Y75.79%
EPS Next 2Y53.1%
EPS Next 3Y41.19%
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 3Y8.67%
Revenue Next 5Y8.82%
EBIT growth 1Y-1.07%
EBIT growth 3Y68.47%
EBIT growth 5Y1.08%
EBIT Next Year109.62%
EBIT Next 3Y40.61%
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 6 / 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 28.48 and the Price/Book (PB) ratio is 2.16.