ZSCALER INC (1ZS.MI) Fundamental Analysis & Valuation

BIT:1ZS • US98980G1022

131.8 EUR
-10.18 (-7.17%)
Last: Mar 12, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

4

Taking everything into account, 1ZS scores 4 out of 10 in our fundamental rating. 1ZS was compared to 121 industry peers in the Software industry. 1ZS scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. 1ZS is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

2

1. 1ZS.MI Profitability Analysis

1.1 Basic Checks

  • 1ZS had positive earnings in the past year.
  • In the past year 1ZS had a positive cash flow from operations.
  • In the past 5 years 1ZS always reported negative net income.
  • 1ZS had a positive operating cash flow in each of the past 5 years.
1ZS.MI Yearly Net Income VS EBIT VS OCF VS FCF1ZS.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 2025 0 200M -200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of 1ZS (-1.00%) is worse than 64.46% of its industry peers.
  • 1ZS has a Return On Equity of -3.08%. This is in the lower half of the industry: 1ZS underperforms 64.46% of its industry peers.
Industry RankSector Rank
ROA -1%
ROE -3.08%
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
1ZS.MI Yearly ROA, ROE, ROIC1ZS.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -20 -40 -60 -80

1.3 Margins

  • The Gross Margin of 1ZS (76.56%) is comparable to the rest of the industry.
  • 1ZS's Gross Margin has been stable in the last couple of years.
  • 1ZS 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 76.56%
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%
1ZS.MI Yearly Profit, Operating, Gross Margins1ZS.MI 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

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. 1ZS.MI Health Analysis

2.1 Basic Checks

  • 1ZS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • 1ZS has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 1ZS has been increased compared to 5 years ago.
  • The debt/assets ratio for 1ZS is higher compared to a year ago.
1ZS.MI Yearly Shares Outstanding1ZS.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
1ZS.MI Yearly Total Debt VS Total Assets1ZS.MI 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 3.72 indicates that 1ZS is not in any danger for bankruptcy at the moment.
  • 1ZS has a Altman-Z score of 3.72. This is in the better half of the industry: 1ZS outperforms 62.81% of its industry peers.
  • 1ZS has a debt to FCF ratio of 1.95. This is a very positive value and a sign of high solvency as it would only need 1.95 years to pay back of all of its debts.
  • 1ZS has a Debt to FCF ratio (1.95) which is comparable to the rest of the industry.
  • A Debt/Equity ratio of 0.78 indicates that 1ZS is somewhat dependend on debt financing.
  • 1ZS has a Debt to Equity ratio of 0.78. This is in the lower half of the industry: 1ZS underperforms 76.86% of its industry peers.
  • Although 1ZS's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 1.95
Altman-Z 3.72
ROIC/WACCN/A
WACC10.59%
1ZS.MI Yearly LT Debt VS Equity VS FCF1ZS.MI 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

  • 1ZS has a Current Ratio of 1.90. This is a normal value and indicates that 1ZS is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Current ratio value of 1.90, 1ZS is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • 1ZS has a Quick Ratio of 1.90. This is a normal value and indicates that 1ZS is financially healthy and should not expect problems in meeting its short term obligations.
  • 1ZS's Quick ratio of 1.90 is fine compared to the rest of the industry. 1ZS outperforms 73.55% of its industry peers.
Industry RankSector Rank
Current Ratio 1.9
Quick Ratio 1.9
1ZS.MI Yearly Current Assets VS Current Liabilites1ZS.MI 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. 1ZS.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 11.78% over the past year.
  • The Earnings Per Share has been growing by 68.71% on average over the past years. This is a very strong growth
  • 1ZS shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.91%.
  • Measured over the past years, 1ZS 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)23.91%
Revenue growth 3Y34.82%
Revenue growth 5Y44.03%
Sales Q2Q%25.91%

3.2 Future

  • Based on estimates for the next years, 1ZS will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.16% on average per year.
  • Based on estimates for the next years, 1ZS will show a very strong growth in Revenue. The Revenue will grow by 20.09% on average per year.
EPS Next Y24.09%
EPS Next 2Y19.66%
EPS Next 3Y20.03%
EPS Next 5Y18.16%
Revenue Next Year24.53%
Revenue Next 2Y22.08%
Revenue Next 3Y20.84%
Revenue Next 5Y20.09%

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.
  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
1ZS.MI Yearly Revenue VS Estimates1ZS.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
1ZS.MI Yearly EPS VS Estimates1ZS.MI 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

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Find the best growth stocksShow best growing peers

2

4. 1ZS.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 41.19, which means the current valuation is very expensive for 1ZS.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1ZS is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 25.71, 1ZS is valued quite expensively.
  • With a Price/Forward Earnings ratio of 32.41, 1ZS can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Forward Earnings ratio as 1ZS.
  • 1ZS is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 41.19
Fwd PE 32.41
1ZS.MI Price Earnings VS Forward Price Earnings1ZS.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ZS indicates a slightly more expensive valuation: 1ZS is more expensive than 76.86% of the companies listed in the same industry.
  • 1ZS's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 28
EV/EBITDA 1053.5
1ZS.MI Per share data1ZS.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • A more expensive valuation may be justified as 1ZS's earnings are expected to grow with 20.03% in the coming years.
PEG (NY)1.71
PEG (5Y)0.6
EPS Next 2Y19.66%
EPS Next 3Y20.03%

More info and screens

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

0

5. 1ZS.MI Dividend Analysis

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

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

ZSCALER INC

BIT:1ZS (3/12/2026, 7:00:00 PM)

131.8

-10.18 (-7.17%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)02-26
Earnings (Next)05-27
Inst Owners57.65%
Inst Owner ChangeN/A
Ins Owners35.14%
Ins Owner ChangeN/A
Market Cap21.19B
Revenue(TTM)3.00B
Net Income(TTM)-67.63M
Analysts82.11
Price Target263.41 (99.86%)
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)2
Avg EPS beat(2)8.87%
Min EPS beat(2)8.4%
Max EPS beat(2)9.35%
EPS beat(4)4
Avg EPS beat(4)8.6%
Min EPS beat(4)8.25%
Max EPS beat(4)9.35%
EPS beat(8)8
Avg EPS beat(8)14.41%
EPS beat(12)12
Avg EPS beat(12)17.68%
EPS beat(16)16
Avg EPS beat(16)19.81%
Revenue beat(2)0
Avg Revenue beat(2)-0.98%
Min Revenue beat(2)-1.11%
Max Revenue beat(2)-0.85%
Revenue beat(4)0
Avg Revenue beat(4)-1.1%
Min Revenue beat(4)-1.22%
Max Revenue beat(4)-0.85%
Revenue beat(8)3
Avg Revenue beat(8)-0.41%
Revenue beat(12)6
Avg Revenue beat(12)-0.04%
Revenue beat(16)10
Avg Revenue beat(16)0.42%
PT rev (1m)-5.37%
PT rev (3m)-7.5%
EPS NQ rev (1m)4.87%
EPS NQ rev (3m)6.17%
EPS NY rev (1m)3.2%
EPS NY rev (3m)7.37%
Revenue NQ rev (1m)0.31%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.47%
Revenue NY rev (3m)1.01%
Valuation
Industry RankSector Rank
PE 41.19
Fwd PE 32.41
P/S 8.15
P/FCF 28
P/OCF 21.97
P/B 11.14
P/tB 24.44
EV/EBITDA 1053.5
EPS(TTM)3.2
EY2.43%
EPS(NY)4.07
Fwd EY3.09%
FCF(TTM)4.71
FCFY3.57%
OCF(TTM)6
OCFY4.55%
SpS16.16
BVpS11.83
TBVpS5.39
PEG (NY)1.71
PEG (5Y)0.6
Graham Number29.18
Profitability
Industry RankSector Rank
ROA -1%
ROE -3.08%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 76.56%
FCFM 29.12%
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-Score3
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.78
Debt/FCF 1.95
Debt/EBITDA 88.15
Cap/Depr 155.86%
Cap/Sales 8%
Interest Coverage N/A
Cash Conversion 5767.14%
Profit Quality N/A
Current Ratio 1.9
Quick Ratio 1.9
Altman-Z 3.72
F-Score3
WACC10.59%
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 Y24.09%
EPS Next 2Y19.66%
EPS Next 3Y20.03%
EPS Next 5Y18.16%
Revenue 1Y (TTM)23.91%
Revenue growth 3Y34.82%
Revenue growth 5Y44.03%
Sales Q2Q%25.91%
Revenue Next Year24.53%
Revenue Next 2Y22.08%
Revenue Next 3Y20.84%
Revenue Next 5Y20.09%
EBIT growth 1Y-33.78%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year57.96%
EBIT Next 3Y33.61%
EBIT Next 5Y27.39%
FCF growth 1Y74.52%
FCF growth 3Y46.46%
FCF growth 5Y92.49%
OCF growth 1Y72.11%
OCF growth 3Y44.56%
OCF growth 5Y65.09%

ZSCALER INC / 1ZS.MI FAQ

What is the ChartMill fundamental rating of ZSCALER INC (1ZS.MI) stock?

ChartMill assigns a fundamental rating of 4 / 10 to 1ZS.MI.


What is the valuation status of ZSCALER INC (1ZS.MI) stock?

ChartMill assigns a valuation rating of 2 / 10 to ZSCALER INC (1ZS.MI). This can be considered as Overvalued.


How profitable is ZSCALER INC (1ZS.MI) stock?

ZSCALER INC (1ZS.MI) has a profitability rating of 2 / 10.


Can you provide the financial health for 1ZS stock?

The financial health rating of ZSCALER INC (1ZS.MI) is 5 / 10.


What is the expected EPS growth for ZSCALER INC (1ZS.MI) stock?

The Earnings per Share (EPS) of ZSCALER INC (1ZS.MI) is expected to grow by 24.09% in the next year.