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 1,110 917.8 - -
Change - -29.26% 14.54% 50.21% 2.47% -17.3% - -
Enterprise Value (EV) 1 784.5 583.4 662.7 1,067 1,079 884.7 862.3 826.7
Change - -25.64% 13.6% 61.05% 1.13% -18.03% -2.53% -4.13%
P/E 82.9x 39.1x 56.4x 18.5x 26.6x 22.4x 17.5x 14.9x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 3.66x 3.33x 2.98x
PEG - 0.8x -3.1x 0x -1x -12.67x 0.6x 0.9x
Capitalization / Revenue 10.7x 5.98x 6.21x 5.76x 5.08x 3.53x 3.05x 2.66x
EV / Revenue 9.41x 5.55x 5.71x 5.67x 4.94x 3.4x 2.87x 2.39x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 12x 9.32x 7.75x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 13.4x 10.4x 8.56x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 25.5x 14x 11.2x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 3.93% 7.12% 8.89%
Dividend per Share 2 1 1 1.1 1.3 1.4 1.494 1.766 2.008
Rate of return 2.51% 3.55% 3.3% 2.6% 2.66% 3.43% 4.06% 4.61%
EPS 2 0.48 0.72 0.59 2.7 1.98 1.945 2.49 2.916
Distribution rate 208% 139% 186% 48.1% 70.7% 76.8% 70.9% 68.8%
Net sales 1 83.33 105.2 116 188.2 218.5 260.2 300.5 345.7
EBITDA 1 27.73 31.66 32.9 61.86 68.82 73.98 92.56 106.7
EBIT 1 19.04 22.93 23.65 53.66 60.14 65.98 83.23 96.62
Net income 1 10.79 15.96 12.85 58.39 41.71 41.58 52.97 62.28
Net Debt 1 -105.4 -46.17 -58.32 -15.8 -30.53 -33.13 -55.55 -91.15
Reference price 2 39.80 28.15 33.30 50.00 52.60 43.50 43.50 43.50
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.94x2.41x5.12x7.75% 216.19Cr
22.37x3.4x11.96x3.43% 106.27Cr
13.29x1.03x5.38x - 36Cr
Average 18.86x 2.28x 7.48x 5.59% 119.5Cr
Weighted average by Cap. 20.59x 2.56x 7.17x 6.33%

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