ZALARIS ASA (ZAL.OL) Stock Fundamental Analysis
Europe - OSL:ZAL - NO0010708910 - Common Stock
93.4 NOK
+0.8 (+0.86%)
Taking everything into account, ZAL scores 5 out of 10 in our fundamental rating. ZAL was compared to 29 industry peers in the Professional Services industry. ZAL has an average financial health and profitability rating. ZAL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year ZAL was profitable.
ZAL had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: ZAL reported negative net income in multiple years.
In the past 5 years ZAL always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 4.70%, ZAL is doing good in the industry, outperforming 62.07% of the companies in the same industry.
The Return On Equity of ZAL (23.06%) is better than 72.41% of its industry peers.
ZAL has a Return On Invested Capital of 12.26%. This is in the better half of the industry: ZAL outperforms 75.86% of its industry peers.
ZAL had an Average Return On Invested Capital over the past 3 years of 7.14%. This is below the industry average of 10.66%.
The last Return On Invested Capital (12.26%) for ZAL is above the 3 year average (7.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 23.06% | ||
| ROIC | 12.26% |
ROA(3y)-0.58%
ROA(5y)-0.28%
ROE(3y)-3.56%
ROE(5y)-2.63%
ROIC(3y)7.14%
ROIC(5y)5.76%
1.3 Margins
With a decent Profit Margin value of 4.53%, ZAL is doing good in the industry, outperforming 65.52% of the companies in the same industry.
In the last couple of years the Profit Margin of ZAL has grown nicely.
ZAL's Operating Margin of 10.24% is fine compared to the rest of the industry. ZAL outperforms 75.86% of its industry peers.
ZAL's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.24% | ||
| PM (TTM) | 4.53% | ||
| GM | N/A |
OM growth 3Y38.03%
OM growth 5Y33.39%
PM growth 3Y14.91%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ZAL is still creating some value.
Compared to 1 year ago, ZAL has about the same amount of shares outstanding.
ZAL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, ZAL has an improved debt to assets ratio.
2.2 Solvency
ZAL has an Altman-Z score of 2.92. 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.
ZAL has a Altman-Z score of 2.92. This is in the better half of the industry: ZAL outperforms 68.97% of its industry peers.
ZAL has a debt to FCF ratio of 3.26. This is a good value and a sign of high solvency as ZAL would need 3.26 years to pay back of all of its debts.
ZAL has a Debt to FCF ratio of 3.26. This is in the better half of the industry: ZAL outperforms 79.31% of its industry peers.
ZAL has a Debt/Equity ratio of 1.81. This is a high value indicating a heavy dependency on external financing.
ZAL has a Debt to Equity ratio of 1.81. This is in the lower half of the industry: ZAL underperforms 68.97% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.81 | ||
| Debt/FCF | 3.26 | ||
| Altman-Z | 2.92 |
ROIC/WACC1.54
WACC7.98%
2.3 Liquidity
A Current Ratio of 1.63 indicates that ZAL should not have too much problems paying its short term obligations.
ZAL's Current ratio of 1.63 is amongst the best of the industry. ZAL outperforms 89.66% of its industry peers.
ZAL has a Quick Ratio of 1.63. This is a normal value and indicates that ZAL is financially healthy and should not expect problems in meeting its short term obligations.
ZAL has a Quick ratio of 1.63. This is amongst the best in the industry. ZAL outperforms 93.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 24.17% over the past year.
ZAL shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 35.55% yearly.
Looking at the last year, ZAL shows a decrease in Revenue. The Revenue has decreased by -7.33% in the last year.
The Revenue has been growing by 11.63% on average over the past years. This is quite good.
EPS 1Y (TTM)24.17%
EPS 3Y35.55%
EPS 5YN/A
EPS Q2Q%-5.68%
Revenue 1Y (TTM)-7.33%
Revenue growth 3Y20.2%
Revenue growth 5Y11.63%
Sales Q2Q%-43.61%
3.2 Future
The Earnings Per Share is expected to grow by 13.01% on average over the next years. This is quite good.
Based on estimates for the next years, ZAL will show a quite strong growth in Revenue. The Revenue will grow by 8.99% on average per year.
EPS Next Y1.49%
EPS Next 2Y12.17%
EPS Next 3Y13.01%
EPS Next 5YN/A
Revenue Next Year12.16%
Revenue Next 2Y10.05%
Revenue Next 3Y8.99%
Revenue Next 5YN/A
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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 32.43, the valuation of ZAL can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of ZAL is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 27.00. ZAL is valued slightly more expensive when compared to this.
ZAL is valuated correctly with a Price/Forward Earnings ratio of 14.94.
ZAL's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.87. ZAL is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.43 | ||
| Fwd PE | 14.94 |
4.2 Price Multiples
ZAL's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ZAL indicates a somewhat cheap valuation: ZAL is cheaper than 68.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.43 | ||
| EV/EBITDA | 10.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ZAL does not grow enough to justify the current Price/Earnings ratio.
ZAL has a very decent profitability rating, which may justify a higher PE ratio.
ZAL's earnings are expected to grow with 13.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)21.76
PEG (5Y)N/A
EPS Next 2Y12.17%
EPS Next 3Y13.01%
5. Dividend
5.1 Amount
ZAL has a Yearly Dividend Yield of 1.07%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.13, ZAL is paying slightly less dividend.
With a Dividend Yield of 1.07, ZAL pays less dividend than the S&P500 average, which is at 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
5.2 History
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y12.17%
EPS Next 3Y13.01%
OSL:ZAL (10/29/2025, 9:37:31 AM)
93.4
+0.8 (+0.86%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)
Earnings (Next)
Inst Owners44.22%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.07B
Revenue(TTM)1.44B
Net Income(TTM)65.05M
Analysts80
Price Target102 (9.21%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.07% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)3.24%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.43 | ||
| Fwd PE | 14.94 | ||
| P/S | 1.44 | ||
| P/FCF | 12.43 | ||
| P/OCF | 10.92 | ||
| P/B | 7.33 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.97 |
EPS(TTM)2.88
EY3.08%
EPS(NY)6.25
Fwd EY6.69%
FCF(TTM)7.51
FCFY8.04%
OCF(TTM)8.55
OCFY9.15%
SpS64.89
BVpS12.74
TBVpS-2.21
PEG (NY)21.76
PEG (5Y)N/A
Graham Number28.73
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 23.06% | ||
| ROCE | 18.13% | ||
| ROIC | 12.26% | ||
| ROICexc | 17.78% | ||
| ROICexgc | 43.5% | ||
| OM | 10.24% | ||
| PM (TTM) | 4.53% | ||
| GM | N/A | ||
| FCFM | 11.58% |
ROA(3y)-0.58%
ROA(5y)-0.28%
ROE(3y)-3.56%
ROE(5y)-2.63%
ROIC(3y)7.14%
ROIC(5y)5.76%
ROICexc(3y)17.04%
ROICexc(5y)13.22%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10.55%
ROCE(5y)8.52%
ROICexgc growth 3YN/A
ROICexgc growth 5Y18%
ROICexc growth 3Y28.82%
ROICexc growth 5Y35.65%
OM growth 3Y38.03%
OM growth 5Y33.39%
PM growth 3Y14.91%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score7
Asset Turnover1.04
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.81 | ||
| Debt/FCF | 3.26 | ||
| Debt/EBITDA | 2.4 | ||
| Cap/Depr | 34.76% | ||
| Cap/Sales | 1.6% | ||
| Interest Coverage | 3.67 | ||
| Cash Conversion | 88.75% | ||
| Profit Quality | 255.67% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.63 | ||
| Altman-Z | 2.92 |
F-Score7
WACC7.98%
ROIC/WACC1.54
Cap/Depr(3y)52.11%
Cap/Depr(5y)45.36%
Cap/Sales(3y)2.71%
Cap/Sales(5y)2.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.17%
EPS 3Y35.55%
EPS 5YN/A
EPS Q2Q%-5.68%
EPS Next Y1.49%
EPS Next 2Y12.17%
EPS Next 3Y13.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.33%
Revenue growth 3Y20.2%
Revenue growth 5Y11.63%
Sales Q2Q%-43.61%
Revenue Next Year12.16%
Revenue Next 2Y10.05%
Revenue Next 3Y8.99%
Revenue Next 5YN/A
EBIT growth 1Y45.4%
EBIT growth 3Y65.91%
EBIT growth 5Y48.9%
EBIT Next Year96.03%
EBIT Next 3Y35.29%
EBIT Next 5YN/A
FCF growth 1Y1208.6%
FCF growth 3Y103.15%
FCF growth 5Y43.58%
OCF growth 1Y19416.4%
OCF growth 3Y58.47%
OCF growth 5Y25.33%
ZALARIS ASA / ZAL.OL FAQ
Can you provide the ChartMill fundamental rating for ZALARIS ASA?
ChartMill assigns a fundamental rating of 5 / 10 to ZAL.OL.
What is the valuation status of ZALARIS ASA (ZAL.OL) stock?
ChartMill assigns a valuation rating of 4 / 10 to ZALARIS ASA (ZAL.OL). This can be considered as Fairly Valued.
Can you provide the profitability details for ZALARIS ASA?
ZALARIS ASA (ZAL.OL) has a profitability rating of 6 / 10.
What is the expected EPS growth for ZALARIS ASA (ZAL.OL) stock?
The Earnings per Share (EPS) of ZALARIS ASA (ZAL.OL) is expected to grow by 1.49% in the next year.