Company Valuation: ZEAL Network SE

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 889.9 629.5 721 1,083 1,110 903.1 - -
Change - -29.26% 14.54% 50.21% 2.47% -18.63% - -
Enterprise Value (EV) 1 784.5 583.4 662.7 1,067 1,079 857.7 831.2 798.5
Change - -25.64% 13.6% 61.05% 1.13% -20.53% -3.1% -3.93%
P/E 82.9x 39.1x 56.4x 18.5x 26.6x 22.2x 17.9x 15.4x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 3.63x 3.33x 3x
PEG - 0.8x -3.1x 0x -1x -8.45x 0.7x 0.9x
Capitalization / Revenue 10.7x 5.98x 6.21x 5.76x 5.08x 3.56x 3.19x 2.81x
EV / Revenue 9.41x 5.55x 5.71x 5.67x 4.94x 3.38x 2.93x 2.48x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 11.7x 9.54x 7.94x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 13.3x 10.5x 8.73x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 20.2x 14.2x 11.5x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 4.96% 7.04% 8.69%
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% 3.5% 4.04% 4.56%
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 83.33 105.2 116 188.2 218.5 253.8 283.2 322
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 42.80 42.80 42.80
Nbr of stocks (in thousands) 22,359 22,364 21,653 21,662 21,100 21,100 - -
Announcement Date 3/24/22 A 3/23/23 A 3/20/24 A 3/26/25 A 3/24/26 A - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.02x2.41x5.14x8.2% 2.06B
11.5x0.92x4.88x - 329M
Average 13.76x 1.66x 5.01x 8.2% 1.19B
Weighted average by Cap. 15.40x 2.20x 5.11x 8.2%

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