ZALARIS ASA (ZAL.OL) Stock Fundamental Analysis
Europe - Euronext Oslo - OSL:ZAL - NO0010708910 - Common Stock
92.4 NOK
+3.2 (+3.59%)
Taking everything into account, ZAL scores 5 out of 10 in our fundamental rating. ZAL was compared to 31 industry peers in the Professional Services industry. ZAL has only an average score on both its financial health and profitability. ZAL is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
ZAL had positive earnings in the past year.
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.
Each year in the past 5 years ZAL had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.60%, ZAL is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
Looking at the Return On Equity, with a value of 27.88%, ZAL is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.39%, ZAL is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for ZAL is below the industry average of 10.37%.
The 3 year average ROIC (7.14%) for ZAL is below the current ROIC(13.39%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.6% | ||
| ROE | 27.88% | ||
| ROIC | 13.39% |
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
Looking at the Profit Margin, with a value of 5.12%, ZAL is in the better half of the industry, outperforming 67.74% of the companies in the same industry.
ZAL's Profit Margin has improved in the last couple of years.
ZAL's Operating Margin of 10.60% is fine compared to the rest of the industry. ZAL outperforms 74.19% of its industry peers.
In the last couple of years the Operating Margin of ZAL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.6% | ||
| PM (TTM) | 5.12% | ||
| 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.
Compared to 5 years ago, ZAL has more shares outstanding
Compared to 1 year ago, ZAL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.02 indicates that ZAL is not in any danger for bankruptcy at the moment.
The Altman-Z score of ZAL (3.02) is better than 70.97% of its industry peers.
ZAL has a debt to FCF ratio of 3.88. This is a good value and a sign of high solvency as ZAL would need 3.88 years to pay back of all of its debts.
The Debt to FCF ratio of ZAL (3.88) is better than 67.74% of its industry peers.
ZAL has a Debt/Equity ratio of 1.86. This is a high value indicating a heavy dependency on external financing.
ZAL has a worse Debt to Equity ratio (1.86) than 67.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.86 | ||
| Debt/FCF | 3.88 | ||
| Altman-Z | 3.02 |
ROIC/WACC1.68
WACC7.98%
2.3 Liquidity
A Current Ratio of 1.64 indicates that ZAL should not have too much problems paying its short term obligations.
ZAL has a Current ratio of 1.64. This is amongst the best in the industry. ZAL outperforms 83.87% of its industry peers.
ZAL has a Quick Ratio of 1.64. This is a normal value and indicates that ZAL is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.64, ZAL belongs to the top of the industry, outperforming 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 |
3. Growth
3.1 Past
ZAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 64.71%, which is quite impressive.
Measured over the past years, ZAL shows a very strong growth in Earnings Per Share. The EPS has been growing by 35.55% on average per year.
The Revenue has decreased by -8.73% in the past year.
ZAL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.63% yearly.
EPS 1Y (TTM)64.71%
EPS 3Y35.55%
EPS 5YN/A
EPS Q2Q%150%
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y20.2%
Revenue growth 5Y11.63%
Sales Q2Q%10.32%
3.2 Future
The Earnings Per Share is expected to grow by 14.99% 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 9.40% on average per year.
EPS Next Y4.2%
EPS Next 2Y18.02%
EPS Next 3Y14.99%
EPS Next 5YN/A
Revenue Next Year12.6%
Revenue Next 2Y10.39%
Revenue Next 3Y9.4%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 27.50, which means the current valuation is very expensive for ZAL.
ZAL's Price/Earnings ratio is in line with the industry average.
ZAL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.31.
ZAL is valuated correctly with a Price/Forward Earnings ratio of 13.35.
ZAL's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ZAL is cheaper than 67.74% of the companies in the same industry.
ZAL is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.5 | ||
| Fwd PE | 13.35 |
4.2 Price Multiples
ZAL's Enterprise Value to EBITDA is on the same level as the industry average.
ZAL's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. ZAL is cheaper than 64.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15 | ||
| EV/EBITDA | 11.32 |
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 14.99% in the coming years. This may justify a more expensive valuation.
PEG (NY)6.55
PEG (5Y)N/A
EPS Next 2Y18.02%
EPS Next 3Y14.99%
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 3.20, ZAL is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.40, ZAL's dividend is way lower than the S&P500 average.
| 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 2Y18.02%
EPS Next 3Y14.99%
OSL:ZAL (11/28/2025, 7:00:00 PM)
92.4
+3.2 (+3.59%)
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 Cap2.05B
Revenue(TTM)1.47B
Net Income(TTM)75.29M
Analysts80
Price Target109.65 (18.67%)
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)0
Avg EPS beat(2)-15.74%
Min EPS beat(2)-24.39%
Max EPS beat(2)-7.08%
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)1
Avg Revenue beat(2)-0.71%
Min Revenue beat(2)-1.98%
Max Revenue beat(2)0.55%
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)7.5%
PT rev (3m)7.5%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)2.67%
EPS NY rev (3m)0.98%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.4%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.5 | ||
| Fwd PE | 13.35 | ||
| P/S | 1.39 | ||
| P/FCF | 15 | ||
| P/OCF | 13.51 | ||
| P/B | 7.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 11.32 |
EPS(TTM)3.36
EY3.64%
EPS(NY)6.92
Fwd EY7.49%
FCF(TTM)6.16
FCFY6.67%
OCF(TTM)6.84
OCFY7.4%
SpS66.47
BVpS12.24
TBVpS-2.21
PEG (NY)6.55
PEG (5Y)N/A
Graham Number30.42
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.6% | ||
| ROE | 27.88% | ||
| ROCE | 19.79% | ||
| ROIC | 13.39% | ||
| ROICexc | 13.39% | ||
| ROICexgc | 22.54% | ||
| OM | 10.6% | ||
| PM (TTM) | 5.12% | ||
| GM | N/A | ||
| FCFM | 9.27% |
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-Score8
Asset Turnover1.09
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.86 | ||
| Debt/FCF | 3.88 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 22.46% | ||
| Cap/Sales | 1.02% | ||
| Interest Coverage | 4.19 | ||
| Cash Conversion | 67.96% | ||
| Profit Quality | 181.18% | ||
| Current Ratio | 1.64 | ||
| Quick Ratio | 1.64 | ||
| Altman-Z | 3.02 |
F-Score8
WACC7.98%
ROIC/WACC1.68
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)64.71%
EPS 3Y35.55%
EPS 5YN/A
EPS Q2Q%150%
EPS Next Y4.2%
EPS Next 2Y18.02%
EPS Next 3Y14.99%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y20.2%
Revenue growth 5Y11.63%
Sales Q2Q%10.32%
Revenue Next Year12.6%
Revenue Next 2Y10.39%
Revenue Next 3Y9.4%
Revenue Next 5YN/A
EBIT growth 1Y36.19%
EBIT growth 3Y65.91%
EBIT growth 5Y48.9%
EBIT Next Year96.03%
EBIT Next 3Y35.29%
EBIT Next 5YN/A
FCF growth 1Y830.81%
FCF growth 3Y103.15%
FCF growth 5Y43.58%
OCF growth 1Y464.1%
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 4.2% in the next year.