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Zalaris ASAOB:ZAL Stock Report

Market Cap NOK 2.1b
Share Price
n/a
1Y30.2%
7D3.7%
1D3.1%
Portfolio Value
​
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Zalaris ASA

OB:ZAL Stock Report

Market Cap: NOK 2.1b

Zalaris (ZAL) Stock Overview

Provides full-service outsourced personnel and payroll services. More details

ZAL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance2/6
Financial Health2/6
Dividends0/6

Rewards

Revenue is forecast to grow 8.27% per year

Risk Analysis

Interest payments are not well covered by earnings

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

Profit margins (1.5%) are lower than last year (4.1%)


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Zalaris ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Zalaris
Historical stock prices
Current Share PriceNOK 100.00
52 Week HighNOK 119.50
52 Week LowNOK 70.80
Beta0.34
1 Month Change-1.96%
3 Month Change1.83%
1 Year Change30.21%
3 Year Change132.02%
5 Year Change62.34%
Change since IPO300.00%

Recent News & Updates

Recent updates

Analysis Article • Sep 07

Zalaris' (OB:ZAL) Performance Is Even Better Than Its Earnings Suggest

The subdued stock price reaction suggests that Zalaris ASA's ( OB:ZAL ) strong earnings didn't offer any surprises...
Analysis Article • Mar 08

Shareholders Will Be Pleased With The Quality of Zalaris' (OB:ZAL) Earnings

Zalaris ASA's ( OB:ZAL ) strong earnings report was rewarded with a positive stock price move. We did some digging and...
Analysis Article • Feb 22

Zalaris (OB:ZAL) Is Experiencing Growth In Returns On Capital

What are the early trends we should look for to identify a stock that could multiply in value over the long term? In a...
Analysis Article • Jun 12

This Is Why Zalaris ASA's (OB:ZAL) CEO Compensation Looks Appropriate

Key Insights Zalaris' Annual General Meeting to take place on 19th of June CEO Hans-Petter Mellerud's total...
Analysis Article • May 21

Zalaris' (OB:ZAL) Earnings Are Of Questionable Quality

Zalaris ASA's ( OB:ZAL ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
Analysis Article • Mar 08

A Piece Of The Puzzle Missing From Zalaris ASA's (OB:ZAL) 28% Share Price Climb

Zalaris ASA ( OB:ZAL ) shares have continued their recent momentum with a 28% gain in the last month alone. Looking...
Analysis Article • Feb 28

Zalaris (OB:ZAL) Hasn't Managed To Accelerate Its Returns

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Jan 04

Market Might Still Lack Some Conviction On Zalaris ASA (OB:ZAL) Even After 28% Share Price Boost

Zalaris ASA ( OB:ZAL ) shareholders would be excited to see that the share price has had a great month, posting a 28...
Analysis Article • Oct 09

Zalaris (OB:ZAL) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article • Jan 25

Is Zalaris (OB:ZAL) Using Too Much Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Oct 06

Is Zalaris (OB:ZAL) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Aug 26

Zalaris (OB:ZAL) Will Want To Turn Around Its Return Trends

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • May 03

Zalaris (OB:ZAL) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 25

Some Investors May Be Worried About Zalaris' (OB:ZAL) Returns On Capital

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Analysis Article • Nov 11

We Think Zalaris (OB:ZAL) Can Stay On Top Of Its Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 01

Zalaris' (OB:ZAL) Profits Appear To Have Quality Issues

Zalaris ASA's ( OB:ZAL ) robust recent earnings didn't do much to move the stock. However the statutory profit number...
Analysis Article • May 18

Zalaris (OB:ZAL) May Have Issues Allocating Its Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article • Apr 06

Here's Why Zalaris (OB:ZAL) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article • Mar 16

Are Dividend Investors Getting More Than They Bargained For With Zalaris ASA's (OB:ZAL) Dividend?

Is Zalaris ASA ( OB:ZAL ) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can...
Analysis Article • Feb 23

The Zalaris (OB:ZAL) Share Price Is Up 89% And Shareholders Are Holding On

Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...
Analysis Article • Jan 28

Erik Langaker Is The Director of Zalaris ASA (OB:ZAL) And They Just Picked Up 1.1% More Shares

Whilst it may not be a huge deal, we thought it was good to see that the Zalaris ASA ( OB:ZAL ) Director, Erik...
Analysis Article • Jan 14

Have Insiders Been Buying Zalaris ASA (OB:ZAL) Shares This Year?

We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also...
Analysis Article • Dec 22

We Think Zalaris (OB:ZAL) Is Taking Some Risk With Its Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article • Nov 30

What Can We Learn About Zalaris' (OB:ZAL) CEO Compensation?

Hans-Petter Mellerud is the CEO of Zalaris ASA (OB:ZAL), and in this article, we analyze the executive's compensation...

Shareholder Returns

ZALNO Professional ServicesNO Market
7D3.7%-1.5%3.0%
1Y30.2%-16.5%20.7%

Return vs Industry: ZAL exceeded the Norwegian Professional Services industry which returned -16.5% over the past year.

Return vs Market: ZAL exceeded the Norwegian Market which returned 20.7% over the past year.

Price Volatility

Is ZAL's price volatile compared to industry and market?
ZAL volatility
ZAL Average Weekly Movement7.1%
Professional Services Industry Average Movement5.6%
Market Average Movement4.7%
10% most volatile stocks in NO Market9.6%
10% least volatile stocks in NO Market2.7%

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

Volatility Over Time: ZAL's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.

About the Company

FoundedEmployeesCEOWebsite
20001,063Hans-Petter Mellerudzalaris.com

Zalaris ASA, together with its subsidiaries, provides full-service outsourced personnel and payroll services. It operates through two segments, Managed Services and Zalaris Consulting. The Managed Services segment offers a range of payroll and human resource (HR) outsourcing services, including payroll processing, time and attendance, travel expenses; and cloud-based HR functionality services, such as talent management, digital personnel archive, HR analytics, and mobile solutions, etc. Its Zalaris Consulting segment implements SAP HCM and Payroll, and SuccessFactors; and provides AMO services, which assists customers with maintenance and support of on-premises SAP solutions.

Zalaris ASA Fundamentals Summary

How do Zalaris's earnings and revenue compare to its market cap?
ZAL fundamental statistics
Market capNOK 2.12b
Earnings (TTM)NOK 22.14m
Revenue (TTM)NOK 1.49b
98.5x
P/E Ratio
1.5x
P/S Ratio

Is ZAL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZAL income statement (TTM)
RevenueNOK 1.49b
Cost of RevenueNOK 888.32m
Gross ProfitNOK 599.02m
Other ExpensesNOK 576.88m
EarningsNOK 22.14m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 23, 2026

Earnings per share (EPS)1.02
Gross Margin40.27%
Net Profit Margin1.49%
Debt/Equity Ratio225.6%

How did ZAL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/17 21:27
End of Day Share Price 2026/08/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

Zalaris ASA 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.

AnalystInstitution
Katherine ThompsonEdison Investment Research
Erik Aspen FossaNordea Markets