ZALANDO SE (1ZAL.MI) Fundamental Analysis & Valuation

BIT:1ZAL • DE000ZAL1111

20.79 EUR
+0.35 (+1.71%)
Last: Feb 27, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 1ZAL.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to 1ZAL. 1ZAL was compared to 58 industry peers in the Specialty Retail industry. 1ZAL has an average financial health and profitability rating. 1ZAL is not overvalued while it is showing excellent growth. This is an interesting combination. These ratings could make 1ZAL a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

6

1. 1ZAL.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1ZAL was profitable.
  • 1ZAL had a positive operating cash flow in the past year.
  • 1ZAL had positive earnings in each of the past 5 years.
  • In the past 5 years 1ZAL always reported a positive cash flow from operatings.
1ZAL.MI Yearly Net Income VS EBIT VS OCF VS FCF1ZAL.MI 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 0 200M 400M 600M 800M

1.2 Ratios

  • 1ZAL has a Return On Assets (2.66%) which is in line with its industry peers.
  • The Return On Equity of 1ZAL (8.44%) is better than 61.02% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 5.47%, 1ZAL is in line with its industry, outperforming 55.93% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for 1ZAL is significantly below the industry average of 9.79%.
  • The last Return On Invested Capital (5.47%) for 1ZAL is above the 3 year average (3.34%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.66%
ROE 8.44%
ROIC 5.47%
ROA(3y)1.48%
ROA(5y)2.26%
ROE(3y)4.56%
ROE(5y)6.95%
ROIC(3y)3.34%
ROIC(5y)4.59%
1ZAL.MI Yearly ROA, ROE, ROIC1ZAL.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • 1ZAL has a Profit Margin (2.06%) which is comparable to the rest of the industry.
  • 1ZAL's Profit Margin has improved in the last couple of years.
  • 1ZAL has a Operating Margin (3.30%) which is comparable to the rest of the industry.
  • 1ZAL's Operating Margin has improved in the last couple of years.
  • 1ZAL's Gross Margin of 40.37% is in line compared to the rest of the industry. 1ZAL outperforms 57.63% of its industry peers.
  • 1ZAL's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.3%
PM (TTM) 2.06%
GM 40.37%
OM growth 3Y-2.26%
OM growth 5Y7.72%
PM growth 3Y1.6%
PM growth 5Y9.08%
GM growth 3Y-0.88%
GM growth 5Y-0.89%
1ZAL.MI Yearly Profit, Operating, Gross Margins1ZAL.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. 1ZAL.MI Health Analysis

2.1 Basic Checks

  • 1ZAL 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 1ZAL has been reduced compared to 1 year ago.
  • The number of shares outstanding for 1ZAL has been increased compared to 5 years ago.
  • The debt/assets ratio for 1ZAL has been reduced compared to a year ago.
1ZAL.MI Yearly Shares Outstanding1ZAL.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M
1ZAL.MI Yearly Total Debt VS Total Assets1ZAL.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • An Altman-Z score of 2.22 indicates that 1ZAL is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.22, 1ZAL is in line with its industry, outperforming 59.32% of the companies in the same industry.
  • 1ZAL has a debt to FCF ratio of 3.63. This is a good value and a sign of high solvency as 1ZAL would need 3.63 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 3.63, 1ZAL is in the better half of the industry, outperforming 64.41% of the companies in the same industry.
  • 1ZAL has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • With a decent Debt to Equity ratio value of 0.44, 1ZAL is doing good in the industry, outperforming 61.02% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 3.63
Altman-Z 2.22
ROIC/WACC0.88
WACC6.21%
1ZAL.MI Yearly LT Debt VS Equity VS FCF1ZAL.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • A Current Ratio of 1.12 indicates that 1ZAL should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.12, 1ZAL is doing worse than 61.02% of the companies in the same industry.
  • A Quick Ratio of 0.59 indicates that 1ZAL may have some problems paying its short term obligations.
  • 1ZAL has a Quick ratio (0.59) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.12
Quick Ratio 0.59
1ZAL.MI Yearly Current Assets VS Current Liabilites1ZAL.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B 5B

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

7

3. 1ZAL.MI Growth Analysis

3.1 Past

  • 1ZAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 17.72%, which is quite good.
  • Measured over the past years, 1ZAL shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.33% on average per year.
  • Looking at the last year, 1ZAL shows a quite strong growth in Revenue. The Revenue has grown by 12.06% in the last year.
  • 1ZAL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.28% yearly.
EPS 1Y (TTM)17.72%
EPS 3Y2.91%
EPS 5Y23.33%
EPS Q2Q%-64.71%
Revenue 1Y (TTM)12.06%
Revenue growth 3Y0.7%
Revenue growth 5Y10.28%
Sales Q2Q%26.46%

3.2 Future

  • 1ZAL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.45% yearly.
  • Based on estimates for the next years, 1ZAL will show a quite strong growth in Revenue. The Revenue will grow by 9.99% on average per year.
EPS Next Y19.08%
EPS Next 2Y24.54%
EPS Next 3Y25.18%
EPS Next 5Y27.45%
Revenue Next Year17.17%
Revenue Next 2Y15.4%
Revenue Next 3Y12.21%
Revenue Next 5Y9.99%

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 stable.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
1ZAL.MI Yearly Revenue VS Estimates1ZAL.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B 20B
1ZAL.MI Yearly EPS VS Estimates1ZAL.MI 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. 1ZAL.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 22.35, the valuation of 1ZAL can be described as rather expensive.
  • Based on the Price/Earnings ratio, 1ZAL is valued a bit cheaper than 71.19% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 26.29. 1ZAL is around the same levels.
  • A Price/Forward Earnings ratio of 13.82 indicates a correct valuation of 1ZAL.
  • 1ZAL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. 1ZAL is cheaper than 69.49% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of 1ZAL to the average of the S&P500 Index (24.60), we can say 1ZAL is valued slightly cheaper.
Industry RankSector Rank
PE 22.35
Fwd PE 13.82
1ZAL.MI Price Earnings VS Forward Price Earnings1ZAL.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1ZAL is valued a bit cheaper than the industry average as 66.10% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of 1ZAL is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 13.83
EV/EBITDA 7.01
1ZAL.MI Per share data1ZAL.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • 1ZAL's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of 1ZAL may justify a higher PE ratio.
  • A more expensive valuation may be justified as 1ZAL's earnings are expected to grow with 25.18% in the coming years.
PEG (NY)1.17
PEG (5Y)0.96
EPS Next 2Y24.54%
EPS Next 3Y25.18%

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

0

5. 1ZAL.MI Dividend Analysis

5.1 Amount

  • 1ZAL does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

1ZAL.MI Fundamentals: All Metrics, Ratios and Statistics

ZALANDO SE

BIT:1ZAL (2/27/2026, 7:00:00 PM)

20.79

+0.35 (+1.71%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)11-06
Earnings (Next)03-12
Inst Owners58.44%
Inst Owner ChangeN/A
Ins Owners10.12%
Ins Owner ChangeN/A
Market Cap5.49B
Revenue(TTM)11.57B
Net Income(TTM)239.00M
Analysts80.61
Price Target36.61 (76.09%)
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 YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-32.59%
Min EPS beat(2)-62.87%
Max EPS beat(2)-2.31%
EPS beat(4)2
Avg EPS beat(4)210.92%
Min EPS beat(4)-62.87%
Max EPS beat(4)892.08%
EPS beat(8)4
Avg EPS beat(8)93.43%
EPS beat(12)6
Avg EPS beat(12)41.34%
EPS beat(16)7
Avg EPS beat(16)-15.84%
Revenue beat(2)1
Avg Revenue beat(2)1.48%
Min Revenue beat(2)-0.03%
Max Revenue beat(2)2.99%
Revenue beat(4)3
Avg Revenue beat(4)1.29%
Min Revenue beat(4)-0.03%
Max Revenue beat(4)2.99%
Revenue beat(8)4
Avg Revenue beat(8)0.09%
Revenue beat(12)5
Avg Revenue beat(12)-0.24%
Revenue beat(16)5
Avg Revenue beat(16)-0.64%
PT rev (1m)1.1%
PT rev (3m)-0.3%
EPS NQ rev (1m)8.06%
EPS NQ rev (3m)14.2%
EPS NY rev (1m)-1.26%
EPS NY rev (3m)-2.96%
Revenue NQ rev (1m)0.32%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)1.27%
Valuation
Industry RankSector Rank
PE 22.35
Fwd PE 13.82
P/S 0.47
P/FCF 13.83
P/OCF 8.99
P/B 1.94
P/tB 4.47
EV/EBITDA 7.01
EPS(TTM)0.93
EY4.47%
EPS(NY)1.5
Fwd EY7.24%
FCF(TTM)1.5
FCFY7.23%
OCF(TTM)2.31
OCFY11.12%
SpS43.81
BVpS10.72
TBVpS4.65
PEG (NY)1.17
PEG (5Y)0.96
Graham Number14.98
Profitability
Industry RankSector Rank
ROA 2.66%
ROE 8.44%
ROCE 8.93%
ROIC 5.47%
ROICexc 8.23%
ROICexgc 18.89%
OM 3.3%
PM (TTM) 2.06%
GM 40.37%
FCFM 3.43%
ROA(3y)1.48%
ROA(5y)2.26%
ROE(3y)4.56%
ROE(5y)6.95%
ROIC(3y)3.34%
ROIC(5y)4.59%
ROICexc(3y)9.52%
ROICexc(5y)14.27%
ROICexgc(3y)13.4%
ROICexgc(5y)19.23%
ROCE(3y)5.45%
ROCE(5y)7.5%
ROICexgc growth 3Y8.96%
ROICexgc growth 5Y22.36%
ROICexc growth 3Y2.72%
ROICexc growth 5Y17.49%
OM growth 3Y-2.26%
OM growth 5Y7.72%
PM growth 3Y1.6%
PM growth 5Y9.08%
GM growth 3Y-0.88%
GM growth 5Y-0.89%
F-Score7
Asset Turnover1.29
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 3.63
Debt/EBITDA 1.61
Cap/Depr 55.55%
Cap/Sales 1.85%
Interest Coverage 250
Cash Conversion 79.63%
Profit Quality 166.19%
Current Ratio 1.12
Quick Ratio 0.59
Altman-Z 2.22
F-Score7
WACC6.21%
ROIC/WACC0.88
Cap/Depr(3y)86.74%
Cap/Depr(5y)104.05%
Cap/Sales(3y)2.65%
Cap/Sales(5y)2.86%
Profit Quality(3y)549.88%
Profit Quality(5y)378.62%
High Growth Momentum
Growth
EPS 1Y (TTM)17.72%
EPS 3Y2.91%
EPS 5Y23.33%
EPS Q2Q%-64.71%
EPS Next Y19.08%
EPS Next 2Y24.54%
EPS Next 3Y25.18%
EPS Next 5Y27.45%
Revenue 1Y (TTM)12.06%
Revenue growth 3Y0.7%
Revenue growth 5Y10.28%
Sales Q2Q%26.46%
Revenue Next Year17.17%
Revenue Next 2Y15.4%
Revenue Next 3Y12.21%
Revenue Next 5Y9.99%
EBIT growth 1Y2.33%
EBIT growth 3Y-1.58%
EBIT growth 5Y18.79%
EBIT Next Year120.77%
EBIT Next 3Y43%
EBIT Next 5Y33.06%
FCF growth 1Y-18.24%
FCF growth 3Y16.44%
FCF growth 5Y84.9%
OCF growth 1Y-20.35%
OCF growth 3Y2.01%
OCF growth 5Y14.86%

ZALANDO SE / 1ZAL.MI FAQ

Can you provide the ChartMill fundamental rating for ZALANDO SE?

ChartMill assigns a fundamental rating of 5 / 10 to 1ZAL.MI.


Can you provide the valuation status for ZALANDO SE?

ChartMill assigns a valuation rating of 5 / 10 to ZALANDO SE (1ZAL.MI). This can be considered as Fairly Valued.


Can you provide the profitability details for ZALANDO SE?

ZALANDO SE (1ZAL.MI) has a profitability rating of 6 / 10.


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

The Price/Earnings (PE) ratio for ZALANDO SE (1ZAL.MI) is 22.35 and the Price/Book (PB) ratio is 1.94.


Can you provide the expected EPS growth for 1ZAL stock?

The Earnings per Share (EPS) of ZALANDO SE (1ZAL.MI) is expected to grow by 19.08% in the next year.