Company Valuation: ZEAL Network SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 889.9 629.5 721 1,083 1,110 1,059 - -
Change - -29.26% 14.54% 50.21% 2.47% -4.56% - -
Enterprise Value (EV) 1 784.5 583.4 662.7 1,067 1,079 1,014 987.3 954.7
Change - -25.64% 13.6% 61.05% 1.13% -6.06% -2.62% -3.31%
P/E ratio 82.9x 39.1x 56.4x 18.5x 26.6x 26x 21x 18x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 4.25x 3.9x 3.52x
PEG - 0.8x -3.1x 0x -1x -9.9x 0.9x 1.1x
Capitalization / Revenue 10.7x 5.98x 6.21x 5.76x 5.08x 4.22x 3.74x 3.29x
EV / Revenue 9.41x 5.55x 5.71x 5.67x 4.94x 4.04x 3.49x 2.97x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 13.9x 11.3x 9.5x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 15.7x 12.4x 10.4x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 23.8x 16.9x 13.8x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 4.19% 5.92% 7.27%
Dividend per Share 2 1 1 1.1 1.3 1.4 1.498 1.73 1.952
Rate of return 2.51% 3.55% 3.3% 2.6% 2.66% 2.98% 3.45% 3.89%
EPS 2 0.48 0.72 0.59 2.7 1.98 1.928 2.393 2.784
Distribution rate 208% 139% 186% 48.1% 70.7% 77.7% 72.3% 70.1%
Net sales 1 83.33 105.2 116 188.2 218.5 251 283.2 322
EBITDA 1 27.73 31.66 32.9 61.86 68.82 73 87.14 100.5
EBIT 1 19.04 22.93 23.65 53.66 60.14 64.46 79.4 91.52
Net income 1 10.79 15.96 12.85 58.39 41.71 40.74 50.98 59.1
Net Debt 1 -105.4 -46.17 -58.32 -15.8 -30.53 -45.35 -71.9 -104.6
Reference price 2 39.80 28.15 33.30 50.00 52.60 50.20 50.20 50.20
Nbr of stocks (in thousands) 22,359 22,364 21,653 21,662 21,100 21,100 - -
Announcement Date 24/03/22 23/03/23 20/03/24 26/03/25 24/03/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.04x4.04x13.89x2.98% 1.25B
16.04x2.56x5.48x7.01% 2.41B
8.79x0.95x4.52x - 355M
Average 16.96x 2.52x 7.96x 5% 1.34B
Weighted average by Cap. 18.51x 2.88x 8.01x 5.64%

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

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  4. Valuation ZEAL Network SE