Zalando SE

XTRA:ZAL 株式レポート

時価総額：€5.6b

Zalando 将来の成長

Future 基準チェック /36

Zalando利益と収益がそれぞれ年間30.7%と6.5%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に15.4% 31.5%なると予測されています。

主要情報

30.7%

収益成長率

31.47%

EPS成長率

Specialty Retail 収益成長29.4%
収益成長率6.5%
将来の株主資本利益率15.41%
アナリストカバレッジ

Good

最終更新日19 May 2026

今後の成長に関する最新情報

Recent updates

ナラティブの更新 • May 17

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.
ナラティブの更新 • May 02

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.
ナラティブの更新 • Apr 17

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.
ナラティブの更新 • Apr 03

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.
ナラティブの更新 • Mar 20

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.
ナラティブの更新 • Mar 05

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.
ナラティブの更新 • Feb 19

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.
ナラティブの更新 • Feb 05

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.
ナラティブの更新 • Jan 21

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.
ナラティブの更新 • Jan 06

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.
ナラティブの更新 • Dec 14

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.
ナラティブの更新 • Sep 11

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.
分析記事 • Sep 05

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...
ナラティブの更新 • Sep 04

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.
分析記事 • Jul 11

We Think Zalando (ETR:ZAL) Can Manage Its Debt With Ease

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
分析記事 • Jun 26

If EPS Growth Is Important To You, Zalando (ETR:ZAL) Presents An Opportunity

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
分析記事 • Jun 10

Is It Time To Consider Buying Zalando SE (ETR:ZAL)?

Zalando SE ( ETR:ZAL ), might not be a large cap stock, but it received a lot of attention from a substantial price...
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新しいナラティブ • Nov 27

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.

業績と収益の成長予測

XTRA:ZAL - アナリストの将来予測と過去の財務データ ( )EUR Millions
日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数
12/31/202815,6865527651,15820
12/31/202714,8534406581,02423
12/31/202613,99929438364823
3/31/202612,923118572831N/A
12/31/202512,3462159041,126N/A
9/30/202511,575241397611N/A
6/30/202510,943271215415N/A
3/31/202510,751270432613N/A
12/31/202410,573251447654N/A
9/30/202410,3292048581,114N/A
6/30/202410,2161528381,125N/A
3/31/202410,1291137291,014N/A
12/31/202310,14383686950N/A
9/30/202310,255110486767N/A
6/30/202310,32982702990N/A
3/31/202310,39540432755N/A
12/31/202210,34517108460N/A
9/30/202210,2775-41361N/A
6/30/202210,21132-35032N/A
3/31/202210,321139-102258N/A
12/31/202110,354235283616N/A
9/30/20219,828278-15262N/A
6/30/20219,394345411661N/A
3/31/20218,696347443685N/A
12/31/20207,982226277527N/A
9/30/20207,395180337581N/A
6/30/20207,06610867368N/A
3/31/20206,62931-187125N/A
12/31/20196,483100N/A327N/A
9/30/20196,15871N/A318N/A
6/30/20195,83742N/A293N/A
3/31/20195,57049N/A230N/A
12/31/20185,38851N/A213N/A
9/30/20185,06056N/A18N/A
6/30/20184,93487N/A136N/A
3/31/20184,70583N/A135N/A
12/31/20174,489103N/A194N/A
9/30/20174,247103N/A220N/A
6/30/20174,007118N/A191N/A
3/31/20173,823121N/A268N/A
12/31/20163,639121N/A276N/A
9/30/20163,416163N/A289N/A
6/30/20163,294130N/A244N/A
3/31/20163,111102N/A122N/A
12/31/20152,958122N/A119N/A
9/30/20152,75566N/A117N/A
6/30/20152,54494N/A196N/A

アナリストによる今後の成長予測

収入対貯蓄率: ZALの予測収益成長率 (年間30.7% ) は 貯蓄率 ( 1.9% ) を上回っています。

収益対市場: ZALの収益 ( 30.7% ) はGerman市場 ( 17.2% ) よりも速いペースで成長すると予測されています。

高成長収益: ZALの収益は今後 3 年間で 大幅に 増加すると予想されています。

収益対市場: ZALの収益 ( 6.5% ) German市場 ( 6.8% ) よりも低い成長が予測されています。

高い収益成長: ZALの収益 ( 6.5% ) 20%よりも低い成長が予測されています。

一株当たり利益成長率予想

将来の株主資本利益率

将来のROE: ZALの 自己資本利益率 は、3年後には低くなると予測されています ( 15.4 %)。

成長企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/27 03:27
終値2026/05/27 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Zalando SE 23 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。51

アナリスト機関
Oliver LesterArete Research Services LLP
Richard KramerArete Research Services LLP
Volker BosseBaader Helvea Equity Research