Zalando Valuation
Is ZAL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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 ZAL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: ZAL (PLN97.36) is trading below our estimate of fair value (PLN172.77)
Significantly Below Fair Value: ZAL is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for ZAL?
Other financial metrics that can be useful for relative valuation.
| What is ZAL's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €5.77b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 13.5x |
| PEG Ratio | 1.9x |
Price to Earnings Ratio vs Peers
How does ZAL's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 43.7x | ||
WTN Wittchen | 10.5x | 5.9% | zł590.0m |
ANR Answear.com | 33.7x | n/a | zł421.2m |
PCO Pepco Group | 24x | 31.7% | zł12.5b |
ALE Allegro.eu | 106.3x | 31.8% | zł39.2b |
ZAL Zalando | 51.3x | 26.6% | zł5.8b |
Price-To-Earnings vs Peers: ZAL is expensive based on its Price-To-Earnings Ratio (51.3x) compared to the peer average (43.7x).
Price to Earnings Ratio vs Industry
How does ZAL's PE Ratio compare vs other companies in the European Specialty Retail Industry?
Price-To-Earnings vs Industry: ZAL is expensive based on its Price-To-Earnings Ratio (51.3x) compared to the European Specialty Retail industry average (16.6x).
Price to Earnings Ratio vs Fair Ratio
What is ZAL'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 51.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ZAL'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?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł97.36 | zł142.26 +46.1% | 21.6% | zł203.21 | zł77.82 | n/a | 26 |
| Jun ’25 | n/a | zł141.37 0% | 21.7% | zł201.46 | zł77.15 | n/a | 26 |
| May ’25 | zł108.00 | zł140.24 +29.9% | 22.6% | zł202.93 | zł77.72 | n/a | 26 |
| Apr ’25 | zł113.50 | zł135.87 +19.7% | 27.0% | zł228.34 | zł77.55 | n/a | 27 |
| Mar ’25 | n/a | zł137.87 0% | 27.1% | zł230.00 | zł78.11 | n/a | 28 |
| Feb ’25 | zł79.50 | zł138.80 +74.6% | 27.1% | zł228.72 | zł77.68 | n/a | 28 |
| Jan ’25 | zł91.90 | zł150.24 +63.5% | 24.5% | zł237.91 | zł77.86 | n/a | 28 |
| Dec ’24 | zł97.50 | zł153.40 +57.3% | 25.6% | zł241.89 | zł79.16 | n/a | 29 |
| Nov ’24 | zł101.00 | zł164.23 +62.6% | 23.8% | zł245.43 | zł93.71 | n/a | 29 |
| Oct ’24 | zł95.44 | zł179.91 +88.5% | 22.7% | zł253.99 | zł96.98 | n/a | 29 |
| Sep ’24 | zł129.95 | zł176.80 +36.0% | 21.4% | zł245.80 | zł93.85 | n/a | 30 |
| Aug ’24 | zł138.00 | zł181.92 +31.8% | 28.7% | zł365.10 | zł93.50 | n/a | 29 |
| Jul ’24 | zł121.15 | zł186.51 +53.9% | 26.3% | zł363.73 | zł93.15 | n/a | 30 |
| Jun ’24 | n/a | zł217.92 0% | 35.2% | zł544.28 | zł136.07 | n/a | 30 |
| May ’24 | n/a | zł224.70 0% | 33.9% | zł549.15 | zł137.29 | zł108.00 | 29 |
| Apr ’24 | n/a | zł229.47 0% | 35.2% | zł561.20 | zł112.24 | zł113.50 | 28 |
| Mar ’24 | n/a | zł226.29 0% | 37.6% | zł566.85 | zł113.37 | n/a | 28 |
| Feb ’24 | n/a | zł215.10 0% | 41.0% | zł565.39 | zł113.08 | zł79.50 | 28 |
| Jan ’24 | n/a | zł180.79 0% | 55.8% | zł562.78 | zł79.73 | zł91.90 | 26 |
| Dec ’23 | n/a | zł178.59 0% | 56.7% | zł560.95 | zł79.47 | zł97.50 | 26 |
| Nov ’23 | n/a | zł186.10 0% | 54.4% | zł566.01 | zł80.18 | zł101.00 | 27 |
| Oct ’23 | n/a | zł193.82 0% | 53.1% | zł582.51 | zł82.91 | zł95.44 | 28 |
| Sep ’23 | n/a | zł198.81 0% | 48.4% | zł565.16 | zł80.44 | zł129.95 | 28 |
| Aug ’23 | n/a | zł198.69 0% | 48.7% | zł566.26 | zł80.60 | zł138.00 | 28 |
| Jul ’23 | n/a | zł222.36 0% | 49.6% | zł562.54 | zł80.07 | zł121.15 | 29 |
| Jun ’23 | n/a | zł282.51 0% | 37.8% | zł550.92 | zł96.69 | n/a | 29 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.