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 6,711 - -
Change - -53.03% -33.74% 49.69% -22.3% 3.84% - -
Enterprise Value (EV) 1 17,095 7,279 4,875 7,062 6,027 5,603 5,200 4,693
Change - -57.42% -33.02% 44.84% -14.65% -7.05% -7.19% -9.74%
P/E 80.8x 552x 67x 33.4x 30.9x 23.9x 15.9x 12.4x
PBR 8.29x 3.91x 2.37x 3.18x 2.36x 2.42x 2.13x 1.85x
PEG - -5.9x 0x 0x -2x 0.6x 0.3x 0.4x
Capitalization / Revenue 1.72x 0.81x 0.55x 0.79x 0.52x 0.48x 0.45x 0.43x
EV / Revenue 1.65x 0.7x 0.48x 0.67x 0.49x 0.4x 0.35x 0.3x
EV / EBITDA 24.3x 14.6x 7.45x 8.4x 6.05x 5.3x 4.3x 3.36x
EV / EBIT 36.5x 39.4x 13.9x 13.8x 10.2x 8.08x 6.4x 4.91x
EV / FCF 60.4x -387x 7.14x 18.6x 6.67x 14.6x 8.47x 6.63x
FCF Yield 1.66% -0.26% 14% 5.37% 15% 6.84% 11.8% 15.1%
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 1,208 1,395
EBIT 1 468.4 184.6 349.9 511.1 590.7 693.4 812.9 956.2
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 -1,512 -2,018
Reference price 2 71.14 33.11 21.45 32.39 25.34 27.84 27.84 27.84
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.($)
15.35x4.19x9.78x1.34% 523B
20.48x6.06x18.2x-.--% 310B
23.75x2.54x13.09x-.--% 147B
4.16x86.49x3.13x0.13% 105B
32.83x3.99x26.27x-.--% 98.92B
10.84x8.22x93.58x0.65% 94.97B
28.81x5.47x15.44x-.--% 86.97B
73.67x4.32x21.11x-.--% 81.82B
7.81x2.92x44.77x0.7% 39.17B
Average 24.19x 13.80x 27.26x 0.31% 165.11B
Weighted average by Cap. 21.13x 10.54x 19.72x 0.54%

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