ZSCALER INC (0ZC.DE) Fundamental Analysis & Valuation

FRA:0ZC • US98980G1022

130.68 EUR
+2.92 (+2.29%)
Last: Mar 3, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 0ZC.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to 0ZC. 0ZC was compared to 116 industry peers in the Software industry. While 0ZC seems to be doing ok healthwise, there are quite some concerns on its profitability. 0ZC shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

2

1. 0ZC.DE Profitability Analysis

1.1 Basic Checks

  • 0ZC had positive earnings in the past year.
  • In the past year 0ZC had a positive cash flow from operations.
  • 0ZC had negative earnings in each of the past 5 years.
  • Each year in the past 5 years 0ZC had a positive operating cash flow.
0ZC.DE Yearly Net Income VS EBIT VS OCF VS FCF0ZC.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 -200M 400M 600M 800M

1.2 Ratios

  • 0ZC has a Return On Assets (-0.63%) which is in line with its industry peers.
  • 0ZC has a worse Return On Equity (-2.07%) than 60.34% of its industry peers.
Industry RankSector Rank
ROA -0.63%
ROE -2.07%
ROIC N/A
ROA(3y)-2.49%
ROA(5y)-6.57%
ROE(3y)-11.58%
ROE(5y)-30.47%
ROIC(3y)N/A
ROIC(5y)N/A
0ZC.DE Yearly ROA, ROE, ROIC0ZC.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20 -40 -60 -80

1.3 Margins

  • With a Gross Margin value of 76.65%, 0ZC perfoms like the industry average, outperforming 54.31% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 0ZC has remained more or less at the same level.
  • 0ZC does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 76.65%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.4%
GM growth 5Y-0.23%
0ZC.DE Yearly Profit, Operating, Gross Margins0ZC.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 -40 60 80

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. 0ZC.DE Health Analysis

2.1 Basic Checks

  • 0ZC does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, 0ZC has more shares outstanding
  • The number of shares outstanding for 0ZC has been increased compared to 5 years ago.
  • The debt/assets ratio for 0ZC is higher compared to a year ago.
0ZC.DE Yearly Shares Outstanding0ZC.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
0ZC.DE Yearly Total Debt VS Total Assets0ZC.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

2.2 Solvency

  • An Altman-Z score of 3.67 indicates that 0ZC is not in any danger for bankruptcy at the moment.
  • 0ZC has a better Altman-Z score (3.67) than 65.52% of its industry peers.
  • 0ZC has a debt to FCF ratio of 2.00. This is a good value and a sign of high solvency as 0ZC would need 2.00 years to pay back of all of its debts.
  • 0ZC has a Debt to FCF ratio (2.00) which is in line with its industry peers.
  • 0ZC has a Debt/Equity ratio of 0.86. This is a neutral value indicating 0ZC is somewhat dependend on debt financing.
  • 0ZC's Debt to Equity ratio of 0.86 is on the low side compared to the rest of the industry. 0ZC is outperformed by 79.31% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for 0ZC, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2
Altman-Z 3.67
ROIC/WACCN/A
WACC10.5%
0ZC.DE Yearly LT Debt VS Equity VS FCF0ZC.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

2.3 Liquidity

  • 0ZC has a Current Ratio of 1.82. This is a normal value and indicates that 0ZC is financially healthy and should not expect problems in meeting its short term obligations.
  • 0ZC's Current ratio of 1.82 is fine compared to the rest of the industry. 0ZC outperforms 66.38% of its industry peers.
  • A Quick Ratio of 1.82 indicates that 0ZC should not have too much problems paying its short term obligations.
  • 0ZC's Quick ratio of 1.82 is fine compared to the rest of the industry. 0ZC outperforms 69.83% of its industry peers.
Industry RankSector Rank
Current Ratio 1.82
Quick Ratio 1.82
0ZC.DE Yearly Current Assets VS Current Liabilites0ZC.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

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

9

3. 0ZC.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.78% over the past year.
  • Measured over the past years, 0ZC shows a very strong growth in Earnings Per Share. The EPS has been growing by 68.71% on average per year.
  • The Revenue has grown by 23.31% in the past year. This is a very strong growth!
  • Measured over the past years, 0ZC shows a very strong growth in Revenue. The Revenue has been growing by 44.03% on average per year.
EPS 1Y (TTM)11.78%
EPS 3Y68.14%
EPS 5Y68.71%
EPS Q2Q%29.49%
Revenue 1Y (TTM)23.31%
Revenue growth 3Y34.82%
Revenue growth 5Y44.03%
Sales Q2Q%25.91%

3.2 Future

  • Based on estimates for the next years, 0ZC will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.81% on average per year.
  • Based on estimates for the next years, 0ZC will show a very strong growth in Revenue. The Revenue will grow by 20.01% on average per year.
EPS Next Y20.25%
EPS Next 2Y18.92%
EPS Next 3Y19.33%
EPS Next 5Y19.81%
Revenue Next Year23.95%
Revenue Next 2Y21.6%
Revenue Next 3Y20.68%
Revenue Next 5Y20.01%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
0ZC.DE Yearly Revenue VS Estimates0ZC.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
0ZC.DE Yearly EPS VS Estimates0ZC.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 0 5 10 15

More info and screens

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1

4. 0ZC.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 40.97 indicates a quite expensive valuation of 0ZC.
  • 0ZC's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.83, 0ZC is valued quite expensively.
  • A Price/Forward Earnings ratio of 32.69 indicates a quite expensive valuation of 0ZC.
  • The rest of the industry has a similar Price/Forward Earnings ratio as 0ZC.
  • The average S&P500 Price/Forward Earnings ratio is at 24.95. 0ZC is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 40.97
Fwd PE 32.69
0ZC.DE Price Earnings VS Forward Price Earnings0ZC.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 72.41% of the companies in the same industry are cheaper than 0ZC, based on the Enterprise Value to EBITDA ratio.
  • 0ZC's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 28.52
EV/EBITDA 2316.74
0ZC.DE Per share data0ZC.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 0ZC does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as 0ZC's earnings are expected to grow with 19.33% in the coming years.
PEG (NY)2.02
PEG (5Y)0.6
EPS Next 2Y18.92%
EPS Next 3Y19.33%

More info and screens

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

0

5. 0ZC.DE Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

0ZC.DE Fundamentals: All Metrics, Ratios and Statistics

ZSCALER INC

FRA:0ZC (3/3/2026, 7:00:00 PM)

130.68

+2.92 (+2.29%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26
Earnings (Next)05-27
Inst Owners55.76%
Inst Owner ChangeN/A
Ins Owners35.42%
Ins Owner ChangeN/A
Market Cap20.84B
Revenue(TTM)2.67B
Net Income(TTM)-41.04M
Analysts81.75
Price Target265 (102.79%)
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)2
Avg EPS beat(2)8.32%
Min EPS beat(2)8.25%
Max EPS beat(2)8.4%
EPS beat(4)4
Avg EPS beat(4)8.61%
Min EPS beat(4)8.25%
Max EPS beat(4)9.41%
EPS beat(8)8
Avg EPS beat(8)16.65%
EPS beat(12)12
Avg EPS beat(12)18.75%
EPS beat(16)16
Avg EPS beat(16)20.08%
Revenue beat(2)0
Avg Revenue beat(2)-1.17%
Min Revenue beat(2)-1.22%
Max Revenue beat(2)-1.11%
Revenue beat(4)0
Avg Revenue beat(4)-1.14%
Min Revenue beat(4)-1.22%
Max Revenue beat(4)-1.03%
Revenue beat(8)4
Avg Revenue beat(8)-0.24%
Revenue beat(12)7
Avg Revenue beat(12)0.3%
Revenue beat(16)11
Avg Revenue beat(16)0.65%
PT rev (1m)-5.72%
PT rev (3m)-10.08%
EPS NQ rev (1m)-0.48%
EPS NQ rev (3m)0.84%
EPS NY rev (1m)0.42%
EPS NY rev (3m)4.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.53%
Valuation
Industry RankSector Rank
PE 40.97
Fwd PE 32.69
P/S 8.54
P/FCF 28.52
P/OCF 22.2
P/B 12.2
P/tB 31.31
EV/EBITDA 2316.74
EPS(TTM)3.19
EY2.44%
EPS(NY)4
Fwd EY3.06%
FCF(TTM)4.58
FCFY3.51%
OCF(TTM)5.89
OCFY4.5%
SpS15.31
BVpS10.71
TBVpS4.17
PEG (NY)2.02
PEG (5Y)0.6
Graham Number27.73
Profitability
Industry RankSector Rank
ROA -0.63%
ROE -2.07%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 76.65%
FCFM 29.93%
ROA(3y)-2.49%
ROA(5y)-6.57%
ROE(3y)-11.58%
ROE(5y)-30.47%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.4%
GM growth 5Y-0.23%
F-Score4
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.86
Debt/FCF 2
Debt/EBITDA 191.34
Cap/Depr 176.38%
Cap/Sales 8.52%
Interest Coverage N/A
Cash Conversion 12262.5%
Profit Quality N/A
Current Ratio 1.82
Quick Ratio 1.82
Altman-Z 3.67
F-Score4
WACC10.5%
ROIC/WACCN/A
Cap/Depr(3y)212%
Cap/Depr(5y)195.75%
Cap/Sales(3y)8.71%
Cap/Sales(5y)8.62%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.78%
EPS 3Y68.14%
EPS 5Y68.71%
EPS Q2Q%29.49%
EPS Next Y20.25%
EPS Next 2Y18.92%
EPS Next 3Y19.33%
EPS Next 5Y19.81%
Revenue 1Y (TTM)23.31%
Revenue growth 3Y34.82%
Revenue growth 5Y44.03%
Sales Q2Q%25.91%
Revenue Next Year23.95%
Revenue Next 2Y21.6%
Revenue Next 3Y20.68%
Revenue Next 5Y20.01%
EBIT growth 1Y-20.58%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year56.97%
EBIT Next 3Y33.54%
EBIT Next 5Y27.39%
FCF growth 1Y83.29%
FCF growth 3Y46.46%
FCF growth 5Y92.49%
OCF growth 1Y83.19%
OCF growth 3Y44.56%
OCF growth 5Y65.09%

ZSCALER INC / 0ZC.DE FAQ

Can you provide the ChartMill fundamental rating for ZSCALER INC?

ChartMill assigns a fundamental rating of 4 / 10 to 0ZC.DE.


What is the valuation status of ZSCALER INC (0ZC.DE) stock?

ChartMill assigns a valuation rating of 1 / 10 to ZSCALER INC (0ZC.DE). This can be considered as Overvalued.


Can you provide the profitability details for ZSCALER INC?

ZSCALER INC (0ZC.DE) has a profitability rating of 2 / 10.


What is the valuation of ZSCALER INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ZSCALER INC (0ZC.DE) is 40.97 and the Price/Book (PB) ratio is 12.2.