Zabka Group S.A.

WSE:ZAB Stock Report

Market Cap: zł22.9b

Zabka Group Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ZAB (PLN22.87) is trading below our estimate of future cash flow value (PLN51.36)

Significantly Below Future Cash Flow Value: ZAB is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ZAB. This is calculated by dividing ZAB's market cap by their current earnings.
What is ZAB's PE Ratio?
PE Ratio20x
Earningszł1.14b
Market Capzł22.85b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ZAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.8x
DNP Dino Polska
18.6x14.47%zł29.0b
AXFO Axfood
24.8x8.80%SEK 59.9b
MGNT Magnit
7.9x27.12%₽435.4b
D01 DFI Retail Group Holdings
23.9x12.50%US$5.6b
ZAB Zabka Group
20x17.87%zł22.9b

Price-To-Earnings vs Peers: ZAB is good value based on its Price-To-Earnings Ratio (20x) compared to the peer average (22.5x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ZAB's PE Ratio compare vs other companies in the European Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ZAB 20.0xIndustry Avg. 18.6xNo. of Companies6PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ZAB is expensive based on its Price-To-Earnings Ratio (20x) compared to the European Consumer Retailing industry average (18.9x).

Price to Earnings Ratio vs Fair Ratio

What is ZAB'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.

ZAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio20.1x

Price-To-Earnings vs Fair Ratio: ZAB is good value based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (20.1x).

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 ZAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentzł22.87
zł26.86
+17.47%
13.70%zł34.00zł19.60n/a14
May ’27zł23.13
zł26.86
+16.14%
13.70%zł34.00zł19.60n/a14
Apr ’27zł22.11
zł26.75
+21.00%
15.01%zł34.00zł19.60n/a13
Mar ’27zł22.35
zł26.98
+20.74%
14.37%zł34.00zł19.60n/a13
Feb ’27zł21.60
zł26.98
+24.93%
14.37%zł34.00zł19.60n/a13
Jan ’27zł22.90
zł26.85
+17.23%
14.04%zł34.00zł19.60n/a13
Dec ’26zł23.12
zł26.69
+15.45%
14.39%zł34.00zł19.60n/a13
Nov ’26zł21.45
zł26.88
+25.32%
15.14%zł35.00zł19.60n/a11
Oct ’26zł23.00
zł26.04
+13.20%
16.78%zł35.00zł19.60n/a11
Sep ’26zł21.64
zł26.44
+22.18%
14.32%zł35.00zł22.00n/a10
Aug ’26zł20.06
zł26.34
+31.31%
14.47%zł35.00zł22.00n/a10
Jul ’26zł21.89
zł26.60
+21.54%
12.77%zł35.00zł22.20n/a11
Jun ’26zł22.61
zł26.63
+17.79%
12.85%zł35.00zł22.20n/a11
May ’26zł21.49
zł26.34
+22.57%
16.10%zł36.90zł22.00zł23.1310
Apr ’26zł21.20
zł25.89
+22.12%
17.70%zł36.90zł20.50zł22.1110
Mar ’26zł22.80
zł25.42
+11.49%
17.21%zł36.90zł20.50zł22.3510
Feb ’26zł23.34
zł25.26
+8.23%
17.51%zł36.90zł20.50zł21.6010
Jan ’26zł19.25
zł25.93
+34.68%
18.17%zł36.90zł20.50zł22.908
Dec ’25zł19.30
zł25.93
+34.33%
18.17%zł36.90zł20.50zł23.128
zł26.86
Fair Value
14.9% undervalued intrinsic discount
14
Number of Analysts

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 Analysis2026/05/11 11:37
End of Day Share Price 2026/05/11 00:00
Earnings2026/03/31
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

Zabka Group S.A. is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kamil KliszczBiuro maklerskie mBanku
Janusz PietaBiuro maklerskie mBanku
Rafal WiatrCitigroup Inc