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

ZEST is good value based on its Price-To-Earnings Ratio (8.3x) compared to the peer average (41.6x).

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

ZEST is good value based on its Price-To-Earnings Ratio (8.3x) compared to the European Capital Markets industry average (13.2x).

What is ZEST'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.

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

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

Insufficient data to calculate ZEST's fair value for valuation analysis.

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

Insufficient data to show price forecast.

ZEST Stock Overview

Zest S.p.A., formerly know as Digital Magics S.p.A. More details

ZEST fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	3/6
Dividends	0/6

Rewards

Price-To-Earnings ratio (8.3x) is below the Italian market (14x)

Revenue is forecast to grow 11.9% per year

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Does not have a meaningful market cap (€26M)

Does not have meaningful revenue (€4M)

Volatile share price over the past 3 months compared to the Italian market

My Notes

Capture your thoughts, links and company narrative

Zest S.p.A. Competitors

Smart Capital

BIT:SMCAP

€43.6m

Copernico Sim

BIT:COP

€12.6m

Solutions Capital Management SIM

BIT:SCM

€6.9m

NB Aurora SICAF-RAIF

BIT:AUR

€334.1m

Price History & Performance

Summary of share price highs, lows and changes for Zest
Historical stock prices
Current Share Price	€0.16
52 Week High	€0.28
52 Week Low	€0.10
Beta	0
1 Month Change	0.31%
3 Month Change	-3.24%
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-30.51%

Recent updates

Shareholder Returns

	ZEST	IT Capital Markets	IT Market
7D	1.5%	1.1%	1.0%
1Y	n/a	18.5%	9.5%

Return vs Industry: Insufficient data to determine how ZEST performed against the Italian Capital Markets industry.

Return vs Market: Insufficient data to determine how ZEST performed against the Italian Market.

Price Volatility

Is ZEST's price volatile compared to industry and market?
ZEST volatility
ZEST Average Weekly Movement	5.9%
Capital Markets Industry Average Movement	3.1%
Market Average Movement	4.2%
10% most volatile stocks in IT Market	7.4%
10% least volatile stocks in IT Market	2.5%

Stable Share Price: ZEST's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: ZEST's weekly volatility (6%) has been stable over the past year, but is still higher than 75% of Italian stocks.

About the Company

Founded	Employees	CEO	Website
2003	69	Luigi Capello	www.digitalmagics.com

Zest S.p.A., formerly know as Digital Magics S.p.A. and LVenture Group S.p.A., is a venture capital firm specializing in incubation and startup investments. The firms seeks to invest in fintech and digital projects with a focus on IoT, FinTech/InsurTech, Health, Travel, e-commerce marketplace, enterprise software, marketing, food, business 4.0 and blockchain. The firm invests in companies based in Italy.

Zest S.p.A. Fundamentals Summary

How do Zest's earnings and revenue compare to its market cap?
ZEST fundamental statistics
Market cap	€26.36m
Earnings (TTM)	€3.16m
Revenue (TTM)	€4.38m

8.3x

P/E Ratio

6.0x

P/S Ratio

Is ZEST overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZEST income statement (TTM)
Revenue	€4.38m
Cost of Revenue	€5.76m
Gross Profit	-€1.37m
Other Expenses	-€4.53m
Earnings	€3.16m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.02
Gross Margin	-31.28%
Net Profit Margin	72.10%
Debt/Equity Ratio	17.7%

How did ZEST perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/30 00:52
End of Day Share Price	2024/12/30 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Zest S.p.A. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Gian Gadini	Banca Akros S.p.A. (ESN)
Gian Guicciardi	Banca Finnat Euramerica SpA

Zest BIT:ZEST Stock Report