State Street Corporation

XTRA:ZYA Stock Report

Market Cap: €27.4b

State Street Valuation

Is ZYA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ZYA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZYA (€93.85) is trading below our estimate of fair value (€156)

Significantly Below Fair Value: ZYA is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZYA?

Key metric: As ZYA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ZYA. This is calculated by dividing ZYA's market cap by their current earnings.
What is ZYA's PE Ratio?
PE Ratio14.8x
EarningsUS$1.93b
Market CapUS$28.58b

Price to Earnings Ratio vs Peers

How does ZYA's PE Ratio compare to its peers?

The above table shows the PE ratio for ZYA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.7x
DWS DWS Group GmbH KGaA
13.1x12.7%€7.9b
MLP MLP
9.9x8.3%€642.7m
DBK Deutsche Bank
7.9x13.4%€30.2b
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€390.6m
ZYA State Street
14.8x13.5%€28.6b

Price-To-Earnings vs Peers: ZYA is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (8.7x).

Price to Earnings Ratio vs Industry

How does ZYA's PE Ratio compare vs other companies in the DE Capital Markets Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$406.78m
HXCK Ernst Russ
3.7x-18.2%US$207.56m
VG8 Varengold Bank
1.8xn/aUS$24.05m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
ZYA 14.8xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZYA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is ZYA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZYA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio20.4x

Price-To-Earnings vs Fair Ratio: ZYA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (20.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ZYA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€93.85
€95.45
+1.7%
6.8%€103.71€80.67n/a15
Nov ’25€85.86
€90.04
+4.9%
7.3%€99.30€77.23n/a15
Oct ’25€78.69
€82.54
+4.9%
8.0%€93.05€72.27n/a15
Sep ’25€77.87
€82.78
+6.3%
8.1%€93.85€71.98n/a16
Aug ’25€77.54
€83.70
+7.9%
8.1%€95.16€73.45n/a16
Jul ’25€68.76
€80.12
+16.5%
8.1%€94.99€67.98n/a15
Jun ’25€69.17
€80.49
+16.4%
8.3%€94.55€68.60n/a15
May ’25€68.36
€80.44
+17.7%
9.5%€95.75€65.33n/a16
Apr ’25€70.64
€78.68
+11.4%
10.3%€94.96€64.80n/a16
Mar ’25€67.88
€77.74
+14.5%
9.4%€94.13€64.23n/a17
Feb ’25€69.48
€77.65
+11.8%
9.7%€94.07€64.19n/a16
Jan ’25€70.18
€69.14
-1.5%
7.2%€79.07€61.81n/a17
Dec ’24€63.84
€68.43
+7.2%
7.3%€80.00€62.53n/a17
Nov ’24€61.44
€70.36
+14.5%
7.5%€82.34€64.36€85.8616
Oct ’24€64.18
€71.11
+10.8%
7.5%€82.32€62.45€78.6916
Sep ’24€64.54
€69.19
+7.2%
7.5%€79.85€59.66€77.8717
Aug ’24€65.16
€68.17
+4.6%
7.5%€78.65€57.86€77.5417
Jul ’24€67.14
€77.24
+15.0%
9.7%€91.64€63.23€68.7616
Jun ’24€64.78
€77.87
+20.2%
10.0%€92.94€63.20€69.1716
May ’24€65.22
€77.36
+18.6%
9.3%€91.28€62.07€68.3616
Apr ’24€69.06
€86.57
+25.4%
10.1%€106.94€71.91€70.6416
Mar ’24€83.74
€90.06
+7.5%
8.1%€109.35€79.19€67.8816
Feb ’24€83.79
€85.40
+1.9%
8.5%€105.59€76.47€69.4816
Jan ’24€70.51
€79.46
+12.7%
7.5%€89.57€67.88€70.1814
Dec ’23€74.98
€78.17
+4.3%
8.0%€90.25€68.40€63.8414
Nov ’23€75.77
€80.35
+6.0%
11.2%€97.24€67.56€61.4414

Analyst Forecast: Target price is less than 20% higher than the current share price.

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