ZEAL Network Past Earnings Performance
Past criteria checks 2/6
ZEAL Network has been growing earnings at an average annual rate of 34.3%, while the Hospitality industry saw earnings growing at 5% annually. Revenues have been growing at an average rate of 23.4% per year. ZEAL Network's return on equity is 16.8%, and it has net margins of 18%.
Key information
34.29%
Earnings growth rate
35.72%
EPS growth rate
| Hospitality Industry Growth | -11.79% |
| Revenue growth rate | 23.38% |
| Return on equity | 16.79% |
| Net Margin | 18.02% |
| Next Earnings Update | 05 Aug 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 30
TIMA: Charity Lottery Expansion And Dividend Policy Will Support Future Upside
Analysts have kept the ZEAL Network price target steady at €72.75, with only small tweaks to assumptions such as the discount rate, long term revenue growth and future P/E to reflect minor model updates rather than a change in the overall view. What's in the News ZEAL Network confirmed earnings guidance for fiscal 2026, with expected revenues in a range of €250 million to €260 million, and stated that this guidance is unchanged (Corporate Guidance).Narrative Update • May 13
TIMA: New Charity Lottery And Dividend Outlook Will Drive Future Upside
Analysts have nudged their price target for ZEAL Network up by €2 to €72.75, citing updated assumptions around revenue growth, profit margins, discount rate, and future P/E as the key drivers of the change. What's in the News ZEAL Network expanded its presence in the regulated German gambling market with the launch of Dream Car Raffle (Traumautoverlosung), a new in-house developed charity lottery operated by subsidiary Dreamify gGmbH and distributed by Lotto24 AG (Key Developments).Narrative Update • Apr 23
TIMA: New Charity Lottery And Dividend Outlook Will Support Future Upside
Analysts now keep their price target for ZEAL Network broadly in line with prior views at €70.75, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E inputs guiding this unchanged fair value. What's in the News ZEAL Network expanded its regulated German gambling portfolio with the launch of Dream Car Raffle (Traumautoverlosung), a new in-house charity lottery format operated by subsidiary Dreamify gGmbH and distributed by Lotto24 AG (Key Developments).Narrative Update • Apr 09
TIMA: Higher Revenue Outlook And Solid Margins Will Support Future Upside
Analysts have adjusted the ZEAL Network price target from €68.58 to €70.75, reflecting updated views on revenue growth assumptions, profit margins, and the P/E multiple applied to future earnings. What's in the News ZEAL Network SE issued earnings guidance for fiscal year 2026, with expected revenues in the range of €250 million to €260 million (Key Developments).Analysis Article • Mar 28
Results: ZEAL Network SE Beat Earnings Expectations And Analysts Now Have New Forecasts
ZEAL Network SE ( ETR:TIMA ) just released its full-year report and things are looking bullish. It was overall a...Narrative Update • Mar 26
TIMA: Improved Assumptions And Margins Will Support Future Upside Potential
Analysts have nudged their price target on ZEAL Network higher from €66.50 to about €68.60, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E that they see as better reflecting the company’s current profile. Valuation Changes Fair Value: the updated estimate moves from €66.50 to about €68.58, a small upward adjustment in the target range used by analysts.Narrative Update • Mar 09
TIMA: Steady Assumptions And Margins Will Support Future Upside Potential
Analysts have kept their price target for ZEAL Network broadly steady at about €66.50, reflecting only marginal tweaks to assumptions on the discount rate, revenue growth, profit margin and future P/E rather than any major change in their view of the stock. Valuation Changes Fair Value: unchanged at €66.50, indicating no revision to the overall equity value estimate.Narrative Update • Feb 22
TIMA: Steady Fair Value And Margins Will Support Future Upside Potential
Analysts have kept their €66.50 price target for ZEAL Network unchanged, citing only minor adjustments to the discount rate, revenue growth assumptions, profit margin outlook and future P/E inputs as the basis for maintaining their view. Valuation Changes Fair Value: The €66.50 fair value estimate is unchanged, indicating no revision to the core valuation anchor.Narrative Update • Feb 07
TIMA: Steady Fair Value And Margins Will Support Future Upside Potential
Analysts have kept their fair value estimate for ZEAL Network steady at €66.50, with only small tweaks to the discount rate, long term revenue growth, profit margin and future P/E assumptions. This reflects fine tuning of their models rather than a material shift in outlook.Narrative Update • Jan 24
TIMA: Higher 2025 Revenue Guidance Will Support Strong Future Upside Potential
Analysts have maintained their fair value estimate for ZEAL Network at €66.50. They have made only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions, which together support this unchanged price target.Narrative Update • Jan 10
TIMA: Raised 2025 Revenue Guidance Will Support Strong Future Upside Potential
Analysts have nudged their price target for ZEAL Network slightly higher to €66.50, a modest move they link to small adjustments in fair value assumptions, discount rate, revenue growth, profit margin and future P/E inputs. What's in the News ZEAL Network SE updated earnings guidance for the 2025 financial year and now expects revenues between €205 million and €215 million, compared with the previous range of €195 million to €205 million (Key Developments).Narrative Update • Dec 15
TIMA: Upgraded 2025 Revenue Guidance Will Support Strong Future Upside Potential
Narrative Update The analyst price target for ZEAL Network has been revised higher to €66.33, with analysts citing a slightly increased discount rate and stable expectations for revenue growth, profit margin, and future valuation multiples as justification for the modest upward adjustment. What's in the News ZEAL Network raised its 2025 revenue guidance to a range of €205 million to €215 million, up from €195 million to €205 million.Narrative Update • Nov 27
TIMA: Raised Earnings Guidance And Lower Discount Rate Will Drive Future Upside
Analysts have marginally raised their price target for ZEAL Network from €66.17 to €66.33. They cite a slightly improved revenue growth outlook and a modest reduction in the discount rate.Analysis Article • Nov 14
ZEAL Network's (ETR:TIMA) Earnings Offer More Than Meets The Eye
The market seemed underwhelmed by last week's earnings announcement from ZEAL Network SE ( ETR:TIMA ) despite the...Narrative Update • Nov 11
TIMA: Improved Margins And Lower Discount Rate Will Drive Earnings Higher
Narrative Update on ZEAL Network Analysts have raised their fair value estimate for ZEAL Network from €63.75 to €66.17, citing improved profit margins and a slight reduction in the discount rate as key drivers behind the updated price target. What's in the News ZEAL Network SE has raised its earnings guidance for fiscal year 2025.Analysis Article • Sep 23
ZEAL Network (ETR:TIMA) Is Investing Its Capital With Increasing Efficiency
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Sep 05
Calculating The Intrinsic Value Of ZEAL Network SE (ETR:TIMA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, ZEAL Network fair value estimate is €49.02 Current share price...Analysis Article • Aug 06
These 4 Measures Indicate That ZEAL Network (ETR:TIMA) Is Using Debt Safely
XTRA:TIMA 1 Year Share Price vs Fair Value Explore ZEAL Network's Fair Values from the Community and select yours...Analysis Article • Jun 02
Returns Are Gaining Momentum At ZEAL Network (ETR:TIMA)
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...Analysis Article • May 15
We Think ZEAL Network's (ETR:TIMA) Solid Earnings Are Understated
ZEAL Network SE's ( ETR:TIMA ) recent earnings report didn't offer any surprises, with the shares unchanged over the...Analysis Article • May 10
ZEAL Network SE Just Recorded A 6.5% Revenue Beat: Here's What Analysts Think
It's been a good week for ZEAL Network SE ( ETR:TIMA ) shareholders, because the company has just released its latest...Analysis Article • Apr 15
Calculating The Fair Value Of ZEAL Network SE (ETR:TIMA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, ZEAL Network fair value estimate is €42.63 ZEAL Network's...Analysis Article • Mar 30
ZEAL Network SE Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
As you might know, ZEAL Network SE ( ETR:TIMA ) just kicked off its latest yearly results with some very strong...
New Narrative • Feb 26
Dream House Raffle Launch In Germany Will Attract New Customers, But Margins May Be Pressured By Increased Costs
The Dream House Raffle and expanded games portfolio are driving revenue growth and improving margins with higher-margin products and new customer acquisition.Analysis Article • Jan 31
Do ZEAL Network's (ETR:TIMA) Earnings Warrant Your Attention?
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Analysis Article • Jan 11
Estimating The Fair Value Of ZEAL Network SE (ETR:TIMA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, ZEAL Network fair value estimate is €45.20 ZEAL Network's...Analysis Article • Nov 09
Revenue Beat: ZEAL Network SE Beat Analyst Estimates By 6.9%
Investors in ZEAL Network SE ( ETR:TIMA ) had a good week, as its shares rose 5.4% to close at €43.00 following the...Analysis Article • Oct 26
ZEAL Network (ETR:TIMA) Has Some Way To Go To Become A Multi-Bagger
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Analysis Article • Sep 04
Is Now The Time To Put ZEAL Network (ETR:TIMA) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Analysis Article • Aug 10
ZEAL Network SE Just Beat Revenue Estimates By 6.9%
It's been a good week for ZEAL Network SE ( ETR:TIMA ) shareholders, because the company has just released its latest...Analysis Article • May 21
ZEAL Network's (ETR:TIMA) Promising Earnings May Rest On Soft Foundations
Despite posting some strong earnings, the market for ZEAL Network SE's ( ETR:TIMA ) stock hasn't moved much. Our...Analysis Article • Dec 30
A Look At The Intrinsic Value Of ZEAL Network SE (ETR:TIMA)
Key Insights Using the 2 Stage Free Cash Flow to Equity, ZEAL Network fair value estimate is €35.46 With €33.30 share...Analysis Article • May 02
We Think Some Shareholders May Hesitate To Increase ZEAL Network SE's (ETR:TIMA) CEO Compensation
Key Insights ZEAL Network to hold its Annual General Meeting on 9th of May CEO Helmut Becker's total compensation...Analysis Article • Jan 07
Is ZEAL Network (ETR:TIMA) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Aug 15
Is ZEAL Network (ETR:TIMA) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How ZEAL Network makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 223 | 40 | 71 | 0 |
| 31 Dec 25 | 220 | 42 | 69 | 0 |
| 30 Sep 25 | 233 | 48 | 70 | 0 |
| 30 Jun 25 | 216 | 42 | 61 | 0 |
| 31 Mar 25 | 206 | 47 | 59 | 0 |
| 31 Dec 24 | 191 | 58 | 57 | 0 |
| 30 Sep 24 | 151 | 47 | 42 | 0 |
| 30 Jun 24 | 138 | 44 | 42 | 0 |
| 31 Mar 24 | 126 | 30 | 42 | 0 |
| 31 Dec 23 | 116 | 13 | 36 | 0 |
| 30 Sep 23 | 117 | 14 | 41 | 0 |
| 30 Jun 23 | 111 | 12 | 40 | 0 |
| 31 Mar 23 | 107 | 15 | 34 | 0 |
| 31 Dec 22 | 106 | 16 | 34 | 0 |
| 30 Sep 22 | 97 | 15 | 28 | 0 |
| 30 Jun 22 | 92 | 14 | 23 | 0 |
| 31 Mar 22 | 86 | 13 | 23 | 0 |
| 31 Dec 21 | 84 | 11 | 22 | 0 |
| 30 Sep 21 | 86 | 9 | 25 | 0 |
| 30 Jun 21 | 86 | 13 | 28 | 0 |
| 31 Mar 21 | 92 | 11 | 33 | 0 |
| 31 Dec 20 | 89 | 8 | 32 | 0 |
| 30 Sep 20 | 85 | -3 | 31 | 0 |
| 30 Jun 20 | 80 | -12 | 29 | 0 |
| 31 Mar 20 | 96 | -5 | 23 | 0 |
| 31 Dec 19 | 113 | 1 | 22 | 0 |
| 30 Sep 19 | 137 | 17 | 22 | 0 |
| 30 Jun 19 | 159 | 30 | 21 | 0 |
| 31 Mar 19 | 153 | 27 | 20 | 0 |
| 31 Dec 18 | 155 | 27 | 20 | 0 |
| 30 Sep 18 | 152 | 29 | 18 | 0 |
| 30 Jun 18 | 145 | 23 | 20 | 0 |
| 31 Mar 18 | 149 | 23 | 20 | 0 |
| 31 Dec 17 | 134 | 17 | 19 | 0 |
| 30 Sep 17 | 131 | 19 | 20 | 0 |
| 30 Jun 17 | 137 | 25 | 18 | 0 |
| 31 Mar 17 | 99 | 17 | 17 | 0 |
| 31 Dec 16 | 113 | 26 | 15 | 0 |
| 30 Sep 16 | 112 | 9 | 12 | 0 |
| 30 Jun 16 | 102 | -5 | 11 | 0 |
| 31 Mar 16 | 92 | 1 | 10 | 0 |
| 31 Dec 15 | 89 | 1 | 10 | 0 |
| 30 Sep 15 | 87 | 12 | 10 | 0 |
| 30 Jun 15 | 98 | 17 | 9 | 0 |
Quality Earnings: TIMA has high quality earnings.
Growing Profit Margin: TIMA's current net profit margins (18%) are lower than last year (22.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TIMA's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: TIMA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TIMA had negative earnings growth (-14.8%) over the past year, making it difficult to compare to the Hospitality industry average (112%).
Return on Equity
High ROE: TIMA's Return on Equity (16.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/09 07:27 |
| End of Day Share Price | 2026/06/09 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ZEAL Network SE is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jack Cummings | Berenberg |
| Benjamin Kohnke | Deutsche Bank |
| Marie-Therese Gruebner | Hauck Aufhäuser Investment Banking |