ZALANDO SE (ZAL.DE) Fundamental Analysis & Valuation

FRA:ZAL • DE000ZAL1111

Current stock price

20.18 EUR
-0.46 (-2.23%)
Last:

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

4

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.
  • In the past 5 years ZAL has always been profitable.
  • 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 (2.30%) which is in line with its industry peers.
  • Looking at the Return On Equity, with a value of 7.53%, ZAL is in line with its industry, outperforming 56.36% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 5.75%, ZAL is in line with its industry, outperforming 60.00% 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 9.66%.
  • 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's Profit Margin of 1.72% is in line compared to the rest of the industry. ZAL outperforms 60.00% of its industry peers.
  • ZAL's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 3.14%, ZAL perfoms like the industry average, outperforming 49.09% of the companies in the same industry.
  • ZAL's Operating Margin has declined in the last couple of years.
  • ZAL has a Gross Margin of 39.88%. This is comparable to the rest of the industry: ZAL outperforms 58.18% 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ZAL is destroying value.
  • Compared to 1 year ago, ZAL has less shares outstanding
  • Compared to 5 years ago, ZAL has more shares outstanding
  • The debt/assets ratio for ZAL has been reduced compared to a year ago.
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 2.24 indicates that ZAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of ZAL (2.24) is better than 61.82% of its industry peers.
  • 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.
  • With an excellent Debt to FCF ratio value of 1.60, ZAL belongs to the best of the industry, outperforming 89.09% of the companies in the same industry.
  • A Debt/Equity ratio of 0.45 indicates that ZAL is not too dependend on debt financing.
  • ZAL's Debt to Equity ratio of 0.45 is fine compared to the rest of the industry. ZAL outperforms 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.45
Debt/FCF 1.6
Altman-Z 2.24
ROIC/WACC0.93
WACC6.21%
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 41.82% of its industry peers.
  • ZAL has a Quick Ratio of 1.11. This is a bad value and indicates that ZAL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • ZAL has a Quick ratio (0.68) which is in line with 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%.
  • The Earnings Per Share has been decreasing by -1.19% on average over the past years.
  • 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

  • The Earnings Per Share is expected to grow by 36.35% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 8.82% on average over the next years. This is quite good.
EPS Next Y82.67%
EPS Next 2Y52.19%
EPS Next 3Y42.36%
EPS Next 5Y36.35%
Revenue Next Year13.63%
Revenue Next 2Y9.79%
Revenue Next 3Y9.11%
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.
  • 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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5

4. ZAL.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 24.91, the valuation of ZAL can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of ZAL is on the same level as its industry peers.
  • ZAL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.23, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.64, the valuation of ZAL can be described as correct.
  • Based on the Price/Forward Earnings ratio, ZAL is valued a bit cheaper than the industry average as 69.09% of the companies are valued more expensively.
  • ZAL is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.51, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 24.91
Fwd PE 13.64
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

  • Based on the Enterprise Value to EBITDA ratio, ZAL is valued a bit cheaper than the industry average as 65.45% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ZAL is valued a bit cheaper than 70.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.9
EV/EBITDA 6.11
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

  • ZAL's 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 42.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
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 (3/27/2026, 5:29:47 PM)

20.18

-0.46 (-2.23%)

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 Cap5.33B
Revenue(TTM)12.35B
Net Income(TTM)212.70M
Analysts80.61
Price Target36.66 (81.67%)
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)-0.57%
PT rev (3m)0.58%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.66%
EPS NY rev (3m)-3.02%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.58%
Valuation
Industry RankSector Rank
PE 24.91
Fwd PE 13.64
P/S 0.43
P/FCF 5.9
P/OCF 4.73
P/B 1.89
P/tB 4.56
EV/EBITDA 6.11
EPS(TTM)0.81
EY4.01%
EPS(NY)1.48
Fwd EY7.33%
FCF(TTM)3.42
FCFY16.95%
OCF(TTM)4.26
OCFY21.13%
SpS46.73
BVpS10.7
TBVpS4.42
PEG (NY)0.3
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 2.24
F-Score6
WACC6.21%
ROIC/WACC0.93
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 Year13.63%
Revenue Next 2Y9.79%
Revenue Next 3Y9.11%
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.


Can you provide the profitability details for ZALANDO SE?

ZALANDO SE (ZAL.DE) has a profitability rating of 4 / 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 24.91 and the Price/Book (PB) ratio is 1.89.


What is the financial health of ZALANDO SE (ZAL.DE) stock?

The financial health rating of ZALANDO SE (ZAL.DE) is 6 / 10.