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 1,110 934.7 - -
Change - -29.26% 14.54% 50.21% 2.47% -15.78% - -
Enterprise Value (EV) 1 784.5 583.4 662.7 1,067 1,079 889.9 872.9 838.4
Change - -25.64% 13.6% 61.05% 1.13% -17.55% -1.92% -3.94%
P/E 82.9x 39.1x 56.4x 18.5x 26.6x 22.8x 18.2x 15.5x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 3.75x 3.44x 3.1x
PEG - 0.8x -3.1x 0x -1x -11.78x 0.7x 0.9x
Capitalization / Revenue 10.7x 5.98x 6.21x 5.76x 5.08x 3.64x 3.18x 2.78x
EV / Revenue 9.41x 5.55x 5.71x 5.67x 4.94x 3.47x 2.97x 2.49x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 12.2x 9.69x 8.05x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 13.6x 10.8x 8.89x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 21.2x 14.6x 11.7x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 4.71% 6.84% 8.55%
Dividend per Share 2 1 1 1.1 1.3 1.4 1.496 1.766 2
Rate of return 2.51% 3.55% 3.3% 2.6% 2.66% 3.38% 3.99% 4.51%
EPS 2 0.48 0.72 0.59 2.7 1.98 1.942 2.438 2.858
Distribution rate 208% 139% 186% 48.1% 70.7% 77% 72.4% 70%
Net sales 1 83.33 105.2 116 188.2 218.5 256.6 294 336.6
EBITDA 1 27.73 31.66 32.9 61.86 68.82 73 90.1 104.2
EBIT 1 19.04 22.93 23.65 53.66 60.14 65.32 81.17 94.36
Net income 1 10.79 15.96 12.85 58.39 41.71 41.25 51.93 60.7
Net Debt 1 -105.4 -46.17 -58.32 -15.8 -30.53 -44.8 -61.88 -96.3
Reference price 2 39.80 28.15 33.30 50.00 52.60 44.30 44.30 44.30
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, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.82x2.34x5.02x8.82% 191.22Cr
11.83x0.94x4.99x - 34Cr
Average 13.83x 1.64x 5.01x 8.82% 112.67Cr
Weighted average by Cap. 15.21x 2.13x 5.01x 8.82%

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