Zalando Résultats passés
Passé contrôle des critères 1/6
Les bénéfices de Zalando ont diminué à un taux annuel moyen de -0.8%, tandis que le secteur Specialty Retail a vu ses bénéfices augmenter de en baisse à 3.5% par an. Les revenus ont augmenté de en à un taux moyen de 4.5% par an. Le rendement des capitaux propres de Zalando est 4.3% et ses marges nettes sont de 0.9%.
Informations clés
-0.83%
Taux de croissance des bénéfices
-1.41%
Taux de croissance du BPA
| Specialty Retail Croissance de l'industrie | 4.13% |
| Taux de croissance des recettes | 4.48% |
| Rendement des fonds propres | 4.27% |
| Marge nette | 0.91% |
| Prochaine mise à jour des résultats | 04 Aug 2026 |
Mises à jour récentes des performances passées
Recent updates
ZAL: BaFin Review And AI Capabilities Will Shape Future Upside Potential
The analyst price target for Zalando has been reduced from €36.85 to €35.36, reflecting mixed signals among analysts as some raise targets while others downgrade the stock and trim expectations. Analyst Commentary Recent research on Zalando highlights a split view, with some bullish analysts seeing upside potential at current levels while more cautious voices point to execution risks and valuation limits.
ZAL: 2026 Guidance And Margin Execution Will Pressure Stock Upside
Following a slight upward move in the fair value estimate to about €20.26 per share, analysts have modestly lifted their price targets on Zalando. Recent research cites adjusted assumptions on revenue growth, profit margin, and future P/E expectations as key drivers of the update.
ZAL: Pre Owned Luxury Expansion And Rating Upgrades Will Support Risk Reward Re Rating
Analysts have nudged the fair value estimate for Zalando higher from €51.12 to €51.87 as they factor in updated price targets from several banks and modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent Street research shows a mix of views on Zalando, but the fair value uplift is anchored in several bullish adjustments to price targets and ratings.ZAL: Future Margin Delivery And 2026 Guidance Will Frame Balanced Upside Potential
Zalando's fair value estimate has been revised from €24.00 to €20.00 as analysts refresh their price targets and assumptions, reflecting updated views on revenue growth, margins and future P/E expectations following recent mixed target changes from the Street. Analyst Commentary Recent research highlights a split view on Zalando, with some firms lifting price targets while others trim expectations or strike a more neutral tone.ZAL: Future Margin Execution At Raised €24 Fair Value Will Drive Upside Potential
Narrative Update The analyst price target for Zalando has been adjusted to €24, reflecting recent target increases and rating upgrades from firms that now see a more balanced risk and reward profile at current levels. Analyst Commentary Recent research updates point to a more balanced stance on Zalando, with several firms setting price targets in a tight range around €24 to €25 and using neutral style ratings.ZAL: Recent Rating Upgrades Will Support A More Constructive Risk Reward Profile
Narrative Update The updated analyst price target for Zalando shifts only slightly, with a revised fair value of about €51.12. This reflects recent price target moves to around €24 to €25 and analyst views that the risk/reward now looks more balanced at current levels.ZAL: Upgraded Ratings And Richer P/E Framework Will Support Future Upside Potential
The updated analyst price target for Zalando moves slightly lower to about €51.32. This reflects modestly softer revenue growth assumptions, a higher future P/E of roughly 27x, and recent Street research that has lifted individual targets into the €24 to €35 range while viewing risk and reward as more balanced at current levels.ZAL: Future Execution On Margins And Costs Will Shape Balanced Outlook
Zalando's analyst price target has moved from €23 to €24, as analysts factor in updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E following a series of recent target hikes and rating upgrades. Analyst Commentary Recent Street research on Zalando has focused on recalibrating fair value estimates and risk assumptions rather than issuing aggressive calls in either direction.ZAL: Upgraded Ratings And Margin Outlook Will Support Future Upside Potential
Zalando's updated analyst price target now sits at about €51.80, slightly below the prior level of around €51.88, as analysts factor in small adjustments to discount rates, revenue growth, profit margins and future P/E assumptions following recent upgrades that highlight valuation and the appeal of the current entry point. Analyst Commentary Recent research points to a more constructive tone around Zalando, with bullish analysts highlighting valuation support and potential upside if execution stays on track.ZAL: Raised Margin Expectations And Higher P/E Support Future Upside Potential
Analysts have raised their price target for Zalando to €51.88. The change is supported by slightly higher assumptions for revenue growth, profit margins and future P/E, along with an adjusted discount rate.ZAL: Share Buybacks And Margin Discipline Will Drive Future Upside Potential
The updated analyst price target for Zalando edges slightly lower to €51.88 from €52.25, as analysts factor in a small tweak to profit margin assumptions while still pointing to recent upgrades and higher external targets that highlight interest in the stock at current levels. Analyst Commentary Recent Street research around Zalando highlights a cluster of bullish moves that sit against the slightly lower average price target.ZAL: Margins And Share Buybacks Are Expected To Unlock Upside Potential
Zalando's updated analyst price target edges slightly lower, with fair value moving from €52.43 to €52.25 as analysts factor in recent valuation focused upgrades and target tweaks from €28 to €35, from €41 to €39 and from €44 to €53. Analyst Commentary Recent research suggests that bullish analysts are becoming more constructive on Zalando's risk reward profile, with several price targets now clustered in the mid to high €30s and low €50s range.ZAL: Margins And Planned Buybacks Are Expected To Drive Shares Higher
Analysts have nudged their blended price expectations on Zalando slightly higher, reflecting a mix of upward revisions to around €53 and more cautious trims to about €39. Updated assumptions now point to a fair value of €52.43, a future P/E of 19.70, a 6.67% discount rate, 15.40% revenue growth and a 3.85% profit margin.ZAL Margins And Buybacks Are Expected To Drive Shares Higher
Zalando's analyst fair value has been lifted by about EUR 5 to roughly EUR 52, as analysts highlight a modestly improved profit margin outlook and a more attractive forward valuation despite slightly slower expected revenue growth. Analyst Commentary Bullish analysts note that the recent adjustments to Zalando's price targets reflect growing confidence in the company’s ability to execute on profitability initiatives while maintaining steady top line expansion.
A Top Pick In A Struggling Industry
The acquisition of ABOUT YOU expands Zalando’s reach and scale while bringing additional experienced leadership to the company. Over the medium term, Zalando is expected to improve both top-line growth and margins across its B2C and B2B businesses, supported by continued investment and synergies with ABOUT YOU.Getting In Cheap On Zalando SE (ETR:ZAL) Might Be Difficult
When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 18x, you may consider...AI Feed And European Expansion Will Redefine E-Commerce Markets
Analysts remain broadly optimistic on Zalando due to anticipated margin expansion and improved operational efficiencies, though some maintain caution over valuation and competition, resulting in an unchanged consensus price target of €36.85. Analyst Commentary Bullish analysts cite potential for margin expansion, particularly from increasing fulfillment capacity utilization, as underestimated by consensus estimates.
Dynamic Strategies And Innovative Expansions Set The Stage For Sustained Growth And Success
Zalando's expanded ecosystem and loyalty program aim to enhance customer retention, engagement, and top-line growth.Ventilation des recettes et des dépenses
Comment Zalando gagne et dépense de l'argent. Sur la base des derniers bénéfices déclarés, sur une base LTM.
Historique des gains et des recettes
| Date | Recettes | Les revenus | Dépenses G+A | Dépenses de R&D |
|---|---|---|---|---|
| 31 Mar 26 | 12,923 | 118 | 4,741 | 0 |
| 31 Dec 25 | 12,346 | 215 | 4,509 | 0 |
| 30 Sep 25 | 11,575 | 241 | 4,282 | 0 |
| 30 Jun 25 | 10,943 | 271 | 4,036 | 0 |
| 31 Mar 25 | 10,751 | 270 | 3,982 | 0 |
| 31 Dec 24 | 10,573 | 251 | 3,911 | 0 |
| 30 Sep 24 | 10,329 | 204 | 3,751 | 0 |
| 30 Jun 24 | 10,216 | 152 | 3,706 | 0 |
| 31 Mar 24 | 10,129 | 113 | 3,681 | 0 |
| 31 Dec 23 | 10,143 | 83 | 3,702 | 0 |
| 30 Sep 23 | 10,255 | 110 | 3,767 | 0 |
| 30 Jun 23 | 10,329 | 82 | 3,843 | 0 |
| 31 Mar 23 | 10,395 | 40 | 3,939 | 0 |
| 31 Dec 22 | 10,345 | 17 | 3,988 | 0 |
| 30 Sep 22 | 10,277 | 5 | 4,031 | 0 |
| 30 Jun 22 | 10,211 | 32 | 3,994 | 0 |
| 31 Mar 22 | 10,321 | 139 | 4,013 | 0 |
| 31 Dec 21 | 10,354 | 235 | 3,923 | 0 |
| 30 Sep 21 | 9,828 | 278 | 3,715 | 0 |
| 30 Jun 21 | 9,394 | 345 | 3,541 | 0 |
| 31 Mar 21 | 8,696 | 347 | 3,207 | 0 |
| 31 Dec 20 | 7,982 | 226 | 3,035 | 0 |
| 30 Sep 20 | 7,395 | 180 | 2,839 | 0 |
| 30 Jun 20 | 7,066 | 108 | 2,754 | 0 |
| 31 Mar 20 | 6,629 | 31 | 2,685 | 0 |
| 31 Dec 19 | 6,483 | 100 | 2,591 | 0 |
| 30 Sep 19 | 6,158 | 71 | 2,459 | 0 |
| 30 Jun 19 | 5,837 | 42 | 2,356 | 0 |
| 31 Mar 19 | 5,570 | 49 | 2,248 | 0 |
| 31 Dec 18 | 5,388 | 51 | 2,168 | 0 |
| 30 Sep 18 | 5,060 | 56 | 2,045 | 0 |
| 30 Jun 18 | 4,934 | 87 | 1,961 | 0 |
| 31 Mar 18 | 4,705 | 83 | 1,873 | 0 |
| 31 Dec 17 | 4,489 | 103 | 1,774 | 0 |
| 30 Sep 17 | 4,247 | 103 | 1,683 | 0 |
| 30 Jun 17 | 4,007 | 118 | 1,569 | 0 |
| 31 Mar 17 | 3,823 | 121 | 1,489 | 0 |
| 31 Dec 16 | 3,639 | 121 | 1,415 | 0 |
| 30 Sep 16 | 3,416 | 163 | 1,344 | 0 |
| 30 Jun 16 | 3,294 | 130 | 1,330 | 0 |
| 31 Mar 16 | 3,111 | 102 | 1,300 | 0 |
| 31 Dec 15 | 2,958 | 122 | 1,248 | 0 |
| 30 Sep 15 | 2,755 | 66 | 1,166 | 0 |
Des revenus de qualité: ZAL a des bénéfices de haute qualité.
Augmentation de la marge bénéficiaire: Les marges bénéficiaires nettes actuelles de ZAL sont inférieures à celles de l'année dernière ZAL. (0.9%) sont inférieures à celles de l'année dernière (2.5%).
Analyse des flux de trésorerie disponibles par rapport aux bénéfices
Analyse de la croissance passée des bénéfices
Tendance des revenus: Les bénéfices de ZAL ont diminué de 0.8% par an au cours des 5 dernières années.
Accélération de la croissance: ZAL a connu une croissance négative de ses bénéfices au cours de l'année écoulée, elle ne peut donc pas être comparée à sa moyenne sur 5 ans.
Bénéfices par rapport au secteur d'activité: ZAL a enregistré une croissance négative de ses bénéfices ( -56.4% ) au cours de l'année écoulée, ce qui rend difficile la comparaison avec la moyenne du secteur Specialty Retail ( -2.3% ).
Rendement des fonds propres
ROE élevé: Le retour sur capitaux propres de ZAL ( 4.3% ) est considéré comme faible.
Rendement des actifs
Rendement des capitaux employés
Découvrir des entreprises performantes dans le passé
Analyse de l'entreprise et données financières
| Données | Dernière mise à jour (heure UTC) |
|---|---|
| Analyse de l'entreprise | 2026/07/17 11:39 |
| Cours de l'action en fin de journée | 2026/07/17 00:00 |
| Les revenus | 2026/03/31 |
| Revenus annuels | 2025/12/31 |
Sources de données
Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.
| Paquet | Données | Cadre temporel | Exemple de source américaine * |
|---|---|---|---|
| Finances de l'entreprise | 10 ans |
| |
| Estimations consensuelles des analystes | +3 ans |
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| Prix du marché | 30 ans |
| |
| Propriété | 10 ans |
| |
| Gestion | 10 ans |
| |
| Principaux développements | 10 ans |
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* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.
Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.
Modèle d'analyse et flocon de neige
Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github ; nous proposons également des guides sur la façon d’utiliser nos rapports et des tutoriels sur YouTube.
Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.
Indicateurs de l'industrie et du secteur
Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.
Sources des analystes
Zalando SE est couverte par 47 analystes. 23 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.
| Analyste | Institution |
|---|---|
| Christian Obst | Baader Helvea Equity Research |
| Volker Bosse | Baader Helvea Equity Research |
| Alejandro Conde Fraisoli | Banco Santander |