Company Valuation: Zalando SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,857 8,387 5,557 8,318 6,463 4,723 - -
Change - -53.03% -33.74% 49.69% -22.3% -26.92% - -
Enterprise Value (EV) 1 17,095 7,279 4,875 7,062 6,027 3,605 3,195 2,832
Change - -57.42% -33.02% 44.84% -14.65% -40.19% -11.37% -11.36%
P/E ratio 80.8x 552x 67x 33.4x 30.9x 16.4x 11x 8.64x
PBR 8.29x 3.91x 2.37x 3.18x 2.36x 1.68x 1.48x 1.29x
PEG - -5.9x 0x 0x -2x 0.4x 0.2x 0.3x
Capitalization / Revenue 1.72x 0.81x 0.55x 0.79x 0.52x 0.34x 0.32x 0.3x
EV / Revenue 1.65x 0.7x 0.48x 0.67x 0.49x 0.26x 0.21x 0.18x
EV / EBITDA 24.3x 14.6x 7.45x 8.4x 6.04x 3.37x 2.64x 2.04x
EV / EBIT 36.5x 39.4x 13.9x 13.8x 10.2x 5.26x 4x 3x
EV / FCF 60.4x -387x 7.14x 18.6x 6.67x 9.41x 4.86x 3.7x
FCF Yield 1.66% -0.26% 14% 5.37% 15% 10.6% 20.6% 27%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.88 0.06 0.32 0.97 0.82 1.181 1.755 2.237
Distribution rate - - - - - - - -
Net sales 1 10,354 10,345 10,143 10,572 12,346 13,989 14,859 15,693
EBITDA 1 703.8 497 654.1 840.3 998.6 1,070 1,211 1,386
EBIT 1 468.4 184.6 349.9 511.1 590.7 685.8 797.8 943.6
Net income 1 234.5 16.8 83 251.1 215.1 294.1 440 551.7
Net Debt 1 -762.7 -1,108 -681.6 -1,256 -435.8 -1,119 -1,529 -1,892
Reference price 2 71.14 33.11 21.45 32.39 25.34 19.34 19.34 19.34
Nbr of stocks (in thousands) 251,017 253,311 259,072 256,816 255,055 244,289 - -
Announcement Date 03/03/22 07/03/23 13/03/24 06/03/25 12/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.35x0.26x3.38x-.--% 5.49B
15.4x4.2x9.81x1.35% 526B
24.19x7.15x21.46x-.--% 366B
25.35x2.63x13.54x-.--% 153B
9.9x11.96x119.17x0.42% 105B
6.57x82.66x5.05x0.16% 96.65B
28.75x3.47x22.51x-.--% 89.84B
26.3x4.9x13.8x-.--% 78.85B
59.81x3.5x17.05x-.--% 69.37B
8.77x4x42.56x0.51% 39.38B
Average 22.14x 12.47x 26.83x 0.24% 153.01B
Weighted average by Cap. 20.75x 10.18x 22.31x 0.52%

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