ZOO Digital Group plc

DB:2ZD Stock Report

Market Cap: €41.8m

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 (€0.42) is trading below our estimate of fair value (€2.46)

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 Ratio0.9x
SalesUS$46.78m
Market CapUS$43.54m

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 Average1.1x
ISHA INTERSHOP Communications
0.7x5.9%€28.3m
ESY Easy Software
1.8xn/a€94.1m
CSH CENIT
0.4x5.2%€71.1m
BSS Beta Systems Software
1.6x9.1%€110.4m
2ZD ZOO Digital Group
0.9x17.8%€34.8m

Price-To-Sales vs Peers: 2ZD is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

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

7 CompaniesPrice / SalesEstimated GrowthMarket Cap
CSH CENIT
0.4x5.2%US$73.94m
CLIQ Cliq Digital
0.09x13.2%US$25.72m
LSX LS telcom
0.5x5.0%US$21.11m
IVX InVision
0.6xn/aUS$9.54m
2ZD 0.9xIndustry Avg. 2.2xNo. of Companies7PS02.44.87.29.612+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 2ZD is good value based on its Price-To-Sales Ratio (0.9x) 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 Ratio0.9x
Fair PS Ratio3.3x

Price-To-Sales vs Fair Ratio: 2ZD is good value based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (3.3x).

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€0.42
€0.78
+87.6%
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€0.88n/a3
Dec ’24€0.48
€1.02
+110.9%
10.5%€1.13€0.88n/a3
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
Dec ’23€1.80
€2.69
+49.7%
5.9%€2.85€2.53€0.482
Nov ’23€1.78
€2.69
+51.4%
5.9%€2.85€2.53€0.502

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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