Zalaris Valuation

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

ZALO (NOK71.2) is trading below our estimate of [[fair value]] (NOK85.92)

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: ZALO (NOK71.2) is trading below our estimate of fair value (NOK85.92)

Significantly Below Fair Value: ZALO is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZALO. This is calculated by dividing ZALO's market cap by their current earnings.
What is ZALO's PE Ratio?
PE Ratio	47.3x
Earnings	NOK 35.59m
Market Cap	NOK 1.68b

ZALO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	20.6x
PEG Ratio	1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZALO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	27x
RWA Robert Walters	39.8x	71.0%	UK£226.7m
STEM SThree	8.3x	1.8%	UK£460.1m
IPEL Impellam Group	24.8x	n/a	UK£389.3m
GATC Gattaca	35.1x	n/a	UK£27.0m
ZALO Zalaris	47.3x	45.8%	NOK 1.7b

Price-To-Earnings vs Peers: ZALO is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the peer average (18.3x).

Price to Earnings Ratio vs Industry

How does ZALO's PE Ratio compare vs other companies in the GB Professional Services Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
IBPO iEnergizer	1.7x	n/a	US$140.06m
TEK Tekcapital	1.5x	n/a	US$20.79m

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: ZALO is expensive based on its Price-To-Earnings Ratio (47.3x) compared to the UK Professional Services industry average (19x).

Price to Earnings Ratio vs Fair Ratio

What is ZALO'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.

ZALO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	47.3x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ZALO's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.