ZOO Digital Group plc

DB:2ZD Stock Report

Market Cap: €43.7m

ZOO Digital Group Valuation

Is 2ZD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2ZD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 2ZD (€0.26) is trading below our estimate of fair value (€1.45)

Significantly Below Fair Value: 2ZD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2ZD?

Key metric: As 2ZD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 2ZD. This is calculated by dividing 2ZD's market cap by their current revenue.
What is 2ZD's PS Ratio?
PS Ratio1x
SalesUS$46.78m
Market CapUS$45.35m

Price to Sales Ratio vs Peers

How does 2ZD's PS Ratio compare to its peers?

The above table shows the PS ratio for 2ZD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
TR9 OTRS
2.7x7.5%€32.0m
CSH CENIT
0.3x4.7%€64.4m
ISHA INTERSHOP Communications
0.7x5.0%€25.4m
BSS Beta Systems Software
1.6x9.1%€115.0m
2ZD ZOO Digital Group
1x17.8%€36.2m

Price-To-Sales vs Peers: 2ZD is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does 2ZD's PS Ratio compare vs other companies in the DE Software Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.3x4.7%US$66.98m
CLIQ Cliq Digital
0.1x12.3%US$28.58m
ISHA INTERSHOP Communications
0.7x5.0%US$26.36m
LSX LS telcom
0.4x2.5%US$18.29m
2ZD 1.0xIndustry Avg. 2.2xNo. of Companies8PS02.85.68.411.214+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2ZD is good value based on its Price-To-Sales Ratio (1x) compared to the German Software industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is 2ZD's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2ZD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: 2ZD is good value based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

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 2ZD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.26
€0.78
+201.6%
22.2%€0.94€0.54n/a3
Dec ’25€0.39
€0.78
+99.1%
22.2%€0.94€0.54n/a3
Nov ’25€0.49
€1.08
+119.1%
11.3%€1.23€0.93n/a3
Oct ’25€0.41
€1.06
+158.1%
11.3%€1.21€0.91n/a3
Sep ’25€0.54
€1.06
+97.8%
11.3%€1.21€0.91n/a3
Aug ’25€0.54
€1.06
+98.8%
11.3%€1.21€0.92n/a3
Jul ’25€0.56
€1.06
+91.7%
11.3%€1.21€0.92n/a3
Jun ’25€0.41
€1.05
+155.1%
11.3%€1.20€0.91n/a3
May ’25€0.44
€0.70
+59.1%
35.3%€1.05€0.48n/a3
Apr ’25€0.41
€0.70
+73.2%
35.3%€1.05€0.48n/a3
Mar ’25€0.26
€0.81
+209.8%
29.9%€1.06€0.48n/a3
Feb ’25€0.44
€0.81
+82.2%
29.9%€1.06€0.48n/a3
Jan ’25€0.57
€1.02
+77.5%
10.5%€1.13€0.88€0.223
Dec ’24€0.48
€1.02
+110.9%
10.5%€1.13€0.88€0.393
Nov ’24€0.50
€1.01
+103.4%
10.5%€1.12€0.87€0.493
Oct ’24€0.46
€1.01
+117.4%
10.5%€1.12€0.87€0.413
Sep ’24€0.56
€1.94
+247.0%
6.1%€2.08€1.79€0.543
Aug ’24€0.58
€1.96
+234.2%
6.1%€2.09€1.80€0.543
Jul ’24€1.44
€3.08
+113.8%
8.4%€3.42€2.79€0.563
Jun ’24€1.43
€3.08
+115.3%
8.4%€3.42€2.79€0.413
May ’24€1.82
€3.08
+69.2%
8.4%€3.42€2.79€0.443
Apr ’24€2.22
€3.07
+38.3%
8.4%€3.41€2.79€0.413
Mar ’24€2.24
€3.07
+37.0%
8.4%€3.41€2.79€0.263
Feb ’24€1.99
€2.82
+41.5%
7.3%€3.04€2.55€0.443
Jan ’24€1.78
€2.82
+58.2%
7.3%€3.04€2.55€0.573

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 08:29
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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 .

Analyst Sources

ZOO Digital Group plc is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kartikeyan SwaminathanArden Partners Plc.
Andrew Murray DarleyCavendish
Johnathan BarrettPanmure Liberum