Company Valuation: Zalando SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,857 8,387 5,557 8,318 6,463 6,526 - -
Change - -53.03% -33.74% 49.69% -22.3% 0.97% - -
Enterprise Value (EV) 1 17,095 7,279 4,875 7,062 6,027 5,417 5,013 4,505
Change - -57.42% -33.02% 44.84% -14.65% -10.12% -7.47% -10.13%
P/E 80.8x 552x 67x 33.4x 30.9x 23.2x 15.5x 12.1x
PBR 8.29x 3.91x 2.37x 3.18x 2.36x 2.36x 2.07x 1.8x
PEG - -5.9x 0x 0x -2x 0.5x 0.3x 0.4x
Capitalization / Revenue 1.72x 0.81x 0.55x 0.79x 0.52x 0.47x 0.44x 0.42x
EV / Revenue 1.65x 0.7x 0.48x 0.67x 0.49x 0.39x 0.34x 0.29x
EV / EBITDA 24.3x 14.6x 7.45x 8.4x 6.05x 5.12x 4.14x 3.22x
EV / EBIT 36.5x 39.4x 13.9x 13.8x 10.2x 7.81x 6.15x 4.7x
EV / FCF 60.4x -387x 7.14x 18.6x 6.67x 14.1x 8.16x 6.36x
FCF Yield 1.66% -0.26% 14% 5.37% 15% 7.07% 12.2% 15.7%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.88 0.06 0.32 0.97 0.82 1.167 1.75 2.245
Distribution rate - - - - - - - -
Net sales 1 10,354 10,345 10,143 10,572 12,346 13,995 14,832 15,683
EBITDA 1 703.8 497 654.1 840.3 995.6 1,058 1,210 1,397
EBIT 1 468.4 184.6 349.9 511.1 590.7 693.4 814.8 958.1
Net income 1 234.5 16.8 83 251.1 215.1 284.4 441.1 553.8
Net Debt 1 -762.7 -1,108 -681.6 -1,256 -435.8 -1,109 -1,513 -2,021
Reference price 2 71.14 33.11 21.45 32.39 25.34 27.07 27.07 27.07
Nbr of stocks (in thousands) 251,017 253,311 259,072 256,816 255,055 241,062 - -
Announcement Date 3/3/22 3/7/23 3/13/24 3/6/25 3/12/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.82x4.03x9.42x1.39% 505B
19.26x5.67x17.03x-.--% 285B
23.17x2.47x12.78x-.--% 143B
4.26x89.85x3.25x0.13% 110B
32.47x3.94x25.96x-.--% 97.5B
10.4x7.65x87.65x0.66% 89.5B
27.55x5.17x14.59x-.--% 83.12B
69.85x4.08x19.9x-.--% 77.44B
8.12x2.76x43.46x0.76% 36.22B
Average 23.32x 13.96x 26.00x 0.33% 158.5B
Weighted average by Cap. 20.22x 11.06x 18.58x 0.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield