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 6,728 - -
Change - -53.03% -33.74% 49.69% -22.3% 4.1% - -
Enterprise Value (EV) 1 17,095 7,279 4,875 7,062 6,027 5,620 5,216 4,710
Change - -57.42% -33.02% 44.84% -14.65% -6.77% -7.17% -9.7%
P/E 80.8x 552x 67x 33.4x 30.9x 23.9x 16x 12.4x
PBR 8.29x 3.91x 2.37x 3.18x 2.36x 2.43x 2.14x 1.86x
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 5.31x 4.32x 3.38x
EV / EBIT 36.5x 39.4x 13.9x 13.8x 10.2x 8.1x 6.42x 4.93x
EV / FCF 60.4x -387x 7.14x 18.6x 6.67x 14.7x 8.5x 6.65x
FCF Yield 1.66% -0.26% 14% 5.37% 15% 6.82% 11.8% 15%
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 27.91 27.91 27.91
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.54x4.23x9.89x1.33% 529B
19.36x5.7x17.13x-.--% 287B
23.89x2.55x13.16x-.--% 147B
4.19x88.17x3.19x0.13% 107B
32.68x3.97x26.09x-.--% 98.32B
10.62x8.01x90.39x0.63% 93.2B
28.73x5.42x15.3x-.--% 86.64B
72.4x4.23x20.67x-.--% 80.23B
8.61x2.88x42.46x0.72% 38.4B
Average 24.00x 13.91x 26.48x 0.31% 163.03B
Weighted average by Cap. 20.84x 10.75x 19.11x 0.55%

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