Zions Bancorporation, National Association

LSE:0M3L Stock Report

Market Cap: US$7.8b

Zions Bancorporation National Association Valuation

Is 0M3L undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 0M3L when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0M3L ($56.67) is trading below our estimate of fair value ($104.46)

Significantly Below Fair Value: 0M3L is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0M3L?

Key metric: As 0M3L is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0M3L. This is calculated by dividing 0M3L's market cap by their current earnings.
What is 0M3L's PE Ratio?
PE Ratio12.1x
EarningsUS$646.00m
Market CapUS$7.85b

Price to Earnings Ratio vs Peers

How does 0M3L's PE Ratio compare to its peers?

The above table shows the PE ratio for 0M3L vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average6.2x
HSBK Halyk Bank of Kazakhstan
3.3xn/aUS$5.0b
TCS TCS Group Holding
6.5xn/aUS$5.1b
STAN Standard Chartered
7.6x5.2%UK£24.1b
LLOY Lloyds Banking Group
7.5x4.2%UK£33.2b
0M3L Zions Bancorporation National Association
12.1x6.1%US$7.8b

Price-To-Earnings vs Peers: 0M3L is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (6.2x).

Price to Earnings Ratio vs Industry

How does 0M3L's PE Ratio compare vs other companies in the European Banks Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0M3L 12.1xIndustry Avg. 7.7xNo. of Companies40PE0612182430+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0M3L is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the European Banks industry average (7.7x).

Price to Earnings Ratio vs Fair Ratio

What is 0M3L'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.

0M3L PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.1x
Fair PE Ratio5.8x

Price-To-Earnings vs Fair Ratio: 0M3L is expensive based on its Price-To-Earnings Ratio (12.1x) compared to the estimated Fair Price-To-Earnings Ratio (5.8x).

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 0M3L forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$56.67
US$60.05
+6.0%
9.6%US$69.00US$52.00n/a20
Dec ’25US$60.46
US$57.20
-5.4%
9.2%US$69.00US$50.00n/a20
Nov ’25US$51.66
US$54.83
+6.1%
6.2%US$61.00US$47.00n/a21
Oct ’25US$46.02
US$52.07
+13.1%
6.1%US$58.00US$47.00n/a21
Sep ’25US$49.01
US$52.07
+6.2%
6.5%US$58.00US$45.00n/a22
Aug ’25US$48.64
US$51.75
+6.4%
7.5%US$58.00US$42.00n/a22
Jul ’25US$43.53
US$46.09
+5.9%
8.3%US$56.00US$39.00n/a22
Jun ’25US$42.49
US$46.18
+8.7%
8.2%US$56.00US$39.00n/a22
May ’25US$41.46
US$46.09
+11.2%
8.1%US$56.00US$39.00n/a22
Apr ’25US$43.16
US$46.02
+6.6%
7.9%US$56.00US$40.00n/a21
Mar ’25US$38.82
US$46.26
+19.2%
7.7%US$56.00US$40.00n/a21
Feb ’25US$39.49
US$46.40
+17.5%
10.0%US$58.00US$32.00n/a21
Jan ’25US$44.12
US$40.62
-7.9%
16.0%US$58.00US$32.00n/a21
Dec ’24US$38.95
US$37.57
-3.5%
15.6%US$58.00US$29.00US$60.4621
Nov ’24US$30.86
US$37.48
+21.4%
15.5%US$58.00US$29.00US$51.6622
Oct ’24US$34.87
US$38.55
+10.6%
14.8%US$58.00US$31.00US$46.0221
Sep ’24US$36.49
US$37.47
+2.7%
12.4%US$45.00US$27.00US$49.0118
Aug ’24US$37.09
US$36.75
-0.9%
11.9%US$45.00US$27.00US$48.6418
Jul ’24US$27.08
US$36.32
+34.1%
23.3%US$65.00US$26.00US$43.5319
Jun ’24US$27.87
US$37.84
+35.8%
22.0%US$65.00US$27.00US$42.4919
May ’24US$28.12
US$39.05
+38.9%
20.8%US$65.00US$29.00US$41.4619
Apr ’24US$29.97
US$51.53
+72.0%
19.3%US$65.00US$31.00US$43.1619
Mar ’24US$50.41
US$57.42
+13.9%
7.4%US$65.00US$46.00US$38.8219
Feb ’24US$53.42
US$57.26
+7.2%
7.1%US$65.00US$46.00US$39.4919
Jan ’24US$48.96
US$59.00
+20.5%
9.0%US$68.00US$49.00US$44.1220
Dec ’23US$51.61
US$59.47
+15.2%
8.3%US$68.00US$50.00US$38.9519

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 08:39
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

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

Zions Bancorporation, National Association is covered by 58 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin HealArgus Research Company
David GeorgeBaird
Jason GoldbergBarclays