ZALARIS ASA (ZAL.OL) Fundamental Analysis & Valuation

OSL:ZAL • NO0010708910

Current stock price

98.2 NOK
0 (0%)
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This ZAL.OL fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. ZAL.OL Profitability Analysis

1.1 Basic Checks

  • In the past year ZAL was profitable.
  • ZAL had a positive operating cash flow in the past year.
  • In multiple years ZAL reported negative net income over the last 5 years.
  • ZAL had a positive operating cash flow in each of the past 5 years.
ZAL.OL Yearly Net Income VS EBIT VS OCF VS FCFZAL.OL 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 100M -100M -200M

1.2 Ratios

  • The Return On Assets of ZAL (5.60%) is better than 69.70% of its industry peers.
  • ZAL has a Return On Equity of 27.88%. This is in the better half of the industry: ZAL outperforms 72.73% of its industry peers.
  • ZAL has a better Return On Invested Capital (13.14%) than 75.76% of its industry peers.
Industry RankSector Rank
ROA 5.6%
ROE 27.88%
ROIC 13.14%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ZAL.OL Yearly ROA, ROE, ROICZAL.OL Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 -20

1.3 Margins

  • ZAL's Profit Margin of 5.12% is fine compared to the rest of the industry. ZAL outperforms 66.67% of its industry peers.
  • The Operating Margin of ZAL (10.60%) is better than 72.73% of its industry peers.
  • In the last couple of years the Operating Margin of ZAL has grown nicely.
Industry RankSector Rank
OM 10.6%
PM (TTM) 5.12%
GM N/A
OM growth 3Y58.51%
OM growth 5Y17.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
ZAL.OL Yearly Profit, Operating, Gross MarginsZAL.OL Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. ZAL.OL Health Analysis

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.
  • There is no outstanding debt for ZAL. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
ZAL.OL Yearly Shares OutstandingZAL.OL Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
ZAL.OL Yearly Total Debt VS Total AssetsZAL.OL Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

  • ZAL has an Altman-Z score of 3.12. This indicates that ZAL is financially healthy and has little risk of bankruptcy at the moment.
  • ZAL has a Altman-Z score of 3.12. This is in the better half of the industry: ZAL outperforms 69.70% 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.
  • ZAL has a Debt to FCF ratio (3.88) which is in line with 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's Debt to Equity ratio of 1.86 is on the low side compared to the rest of the industry. ZAL is outperformed by 72.73% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.86
Debt/FCF 3.88
Altman-Z 3.12
ROIC/WACC1.54
WACC8.54%
ZAL.OL Yearly LT Debt VS Equity VS FCFZAL.OL Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

2.3 Liquidity

  • ZAL has a Current 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.
  • With an excellent Current ratio value of 1.64, ZAL belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • 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.
  • ZAL's Quick ratio of 1.64 is amongst the best of the industry. ZAL outperforms 90.91% of its industry peers.
Industry RankSector Rank
Current Ratio 1.64
Quick Ratio 1.64
ZAL.OL Yearly Current Assets VS Current LiabilitesZAL.OL Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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

4

3. ZAL.OL Growth Analysis

3.1 Past

  • ZAL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 65.86%, which is quite impressive.
  • The Revenue has decreased by -9.70% in the past year.
  • Measured over the past years, ZAL shows a quite strong growth in Revenue. The Revenue has been growing by 13.66% on average per year.
EPS 1Y (TTM)65.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-114.29%
Revenue 1Y (TTM)-9.7%
Revenue growth 3Y18.97%
Revenue growth 5Y13.66%
Sales Q2Q%8.66%

3.2 Future

  • ZAL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.30% yearly.
  • ZAL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.67% yearly.
EPS Next Y40.51%
EPS Next 2Y24.04%
EPS Next 3Y22.3%
EPS Next 5YN/A
Revenue Next Year8.54%
Revenue Next 2Y7.96%
Revenue Next 3Y7.67%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
ZAL.OL Yearly Revenue VS EstimatesZAL.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
ZAL.OL Yearly EPS VS EstimatesZAL.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6 8

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4

4. ZAL.OL Valuation Analysis

4.1 Price/Earnings Ratio

  • ZAL is valuated quite expensively with a Price/Earnings ratio of 36.10.
  • ZAL's Price/Earnings ratio is in line with the industry average.
  • ZAL's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.91.
  • A Price/Forward Earnings ratio of 14.02 indicates a correct valuation of ZAL.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ZAL is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 23.69, ZAL is valued a bit cheaper.
Industry RankSector Rank
PE 36.1
Fwd PE 14.02
ZAL.OL Price Earnings VS Forward Price EarningsZAL.OL Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • ZAL's Enterprise Value to EBITDA is on the same level as the industry average.
  • Based on the Price/Free Cash Flow ratio, ZAL is valued a bit cheaper than the industry average as 60.61% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 15.94
EV/EBITDA 12.13
ZAL.OL Per share dataZAL.OL EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • ZAL's earnings are expected to grow with 22.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.89
PEG (5Y)N/A
EPS Next 2Y24.04%
EPS Next 3Y22.3%

More info and screens

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

2

5. ZAL.OL Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.02%, ZAL has a reasonable but not impressive dividend return.
  • ZAL's Dividend Yield is comparable with the industry average which is at 2.09.
  • With a Dividend Yield of 1.02, ZAL pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 1.02%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

DPN/A
EPS Next 2Y24.04%
EPS Next 3Y22.3%
ZAL.OL Yearly Income VS Free CF VS DividendZAL.OL Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M -200M

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ZAL.OL Fundamentals: All Metrics, Ratios and Statistics

ZALARIS ASA

OSL:ZAL (4/9/2026, 3:42:58 PM)

98.2

0 (0%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-26
Earnings (Next)04-28
Inst Owners46.92%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap2.17B
Revenue(TTM)1.50B
Net Income(TTM)75.29M
Analysts80
Price Target104.55 (6.47%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.02%
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)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)-4.65%
PT rev (3m)-4.65%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)1.22%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.18%
Revenue NY rev (3m)0.31%
Valuation
Industry RankSector Rank
PE 36.1
Fwd PE 14.02
P/S 1.48
P/FCF 15.94
P/OCF 14.36
P/B 8.02
P/tB N/A
EV/EBITDA 12.13
EPS(TTM)2.72
EY2.77%
EPS(NY)7.01
Fwd EY7.13%
FCF(TTM)6.16
FCFY6.27%
OCF(TTM)6.84
OCFY6.96%
SpS66.47
BVpS12.24
TBVpS-2.21
PEG (NY)0.89
PEG (5Y)N/A
Graham Number27.37
Profitability
Industry RankSector Rank
ROA 5.6%
ROE 27.88%
ROCE 19.79%
ROIC 13.14%
ROICexc 13.14%
ROICexgc 22.12%
OM 10.6%
PM (TTM) 5.12%
GM N/A
FCFM 9.27%
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
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 3Y58.51%
OM growth 5Y17.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover1.09
Health
Industry RankSector 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 3.12
F-Score8
WACC8.54%
ROIC/WACC1.54
Cap/Depr(3y)41.03%
Cap/Depr(5y)43.91%
Cap/Sales(3y)2.01%
Cap/Sales(5y)2.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)65.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-114.29%
EPS Next Y40.51%
EPS Next 2Y24.04%
EPS Next 3Y22.3%
EPS Next 5YN/A
Revenue 1Y (TTM)-9.7%
Revenue growth 3Y18.97%
Revenue growth 5Y13.66%
Sales Q2Q%8.66%
Revenue Next Year8.54%
Revenue Next 2Y7.96%
Revenue Next 3Y7.67%
Revenue Next 5YN/A
EBIT growth 1Y36.19%
EBIT growth 3Y88.58%
EBIT growth 5Y33.54%
EBIT Next Year69.13%
EBIT Next 3Y27.78%
EBIT Next 5YN/A
FCF growth 1Y81.99%
FCF growth 3YN/A
FCF growth 5Y13.59%
OCF growth 1Y28.17%
OCF growth 3Y627.45%
OCF growth 5Y11.98%

ZALARIS ASA / ZAL.OL Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for ZALARIS ASA?

ChartMill assigns a fundamental rating of 4 / 10 to ZAL.OL.


Can you provide the valuation status for ZALARIS ASA?

ChartMill assigns a valuation rating of 4 / 10 to ZALARIS ASA (ZAL.OL). This can be considered as Fairly Valued.


What is the profitability of ZAL stock?

ZALARIS ASA (ZAL.OL) has a profitability rating of 5 / 10.


What is the valuation of ZALARIS ASA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ZALARIS ASA (ZAL.OL) is 36.1 and the Price/Book (PB) ratio is 8.02.