Company Valuation: Zalando SE

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 22,931 17,857 8,387 5,557 8,318 7,142 - -
Change - -22.13% -53.03% -33.74% 49.69% -14.14% - -
Enterprise Value (EV) 1 22,023 17,095 7,279 4,875 7,062 5,588 5,067 4,473
Change - -22.38% -57.42% -33.02% 44.84% -20.87% -9.33% -11.72%
P/E ratio 103x 80.8x 552x 67x 33.4x 24.2x 18.3x 14.3x
PBR 10.7x 8.29x 3.91x 2.37x 3.18x 2.37x 1.99x 1.67x
PEG - - -5.9x 0x 0x 1.4x 0.6x 0.5x
Capitalization / Revenue 2.87x 1.72x 0.81x 0.55x 0.79x 0.59x 0.54x 0.5x
EV / Revenue 2.76x 1.65x 0.7x 0.48x 0.67x 0.46x 0.38x 0.31x
EV / EBITDA 34.7x 24.3x 14.6x 7.45x 8.4x 6.22x 4.94x 3.76x
EV / EBIT 52.3x 36.5x 39.4x 13.9x 13.8x 11.5x 8.53x 5.86x
EV / FCF 77.4x 60.4x -387x 7.14x 18.6x 16.2x 10.8x 8.29x
FCF Yield 1.29% 1.66% -0.26% 14% 5.37% 6.16% 9.26% 12.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.88 0.88 0.06 0.32 0.97 1.136 1.508 1.924
Distribution rate - - - - - - - -
Net sales 1 7,982 10,354 10,345 10,143 10,572 12,099 13,326 14,229
EBITDA 1 635.3 703.8 497 654.1 840.3 898.9 1,027 1,191
EBIT 1 420.8 468.4 184.6 349.9 511.1 485.8 593.8 763.5
Net income 1 226.1 234.5 16.8 83 251.1 291.5 388.1 506.2
Net Debt 1 -907.9 -762.7 -1,108 -681.6 -1,256 -1,554 -2,076 -2,670
Reference price 2 91.06 71.14 33.11 21.45 32.39 27.53 27.53 27.53
Nbr of stocks (in thousands) 251,822 251,017 253,311 259,072 256,816 259,432 - -
Announcement Date 16/03/21 03/03/22 07/03/23 13/03/24 06/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
24.24x0.46x6.22x-.--% 8.34B
20.93x5.69x13.21x0.94% 596B
48.66x12.11x38.84x-.--% 532B
31.71x3.7x21.68x-.--% 190B
71x6.56x49.11x-.--% 145B
13.3x17.75x178.47x0.33% 126B
108.68x7.12x33.84x-.--% 99.37B
32.32x6.19x17.77x-.--% 84.38B
8.56x5.13x71x0.41% 48.64B
526.95x10.53x86.09x-.--% 35.92B
Average 88.64x 7.52x 51.62x 0.17% 186.57B
Weighted average by Cap. 47.93x 8.35x 39.51x 0.33%
See all sector valuations

Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield