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 1,110 922.1 - -
Change - -29.26% 14.54% 50.21% 2.47% -16.92% - -
Enterprise Value (EV) 1 784.5 583.4 662.7 1,067 1,079 877.3 860.2 825.8
Change - -25.64% 13.6% 61.05% 1.13% -18.72% -1.95% -4%
P/E 82.9x 39.1x 56.4x 18.5x 26.6x 22.5x 17.9x 15.3x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 3.7x 3.39x 3.05x
PEG - 0.8x -3.1x 0x -1x -11.62x 0.7x 0.9x
Capitalization / Revenue 10.7x 5.98x 6.21x 5.76x 5.08x 3.59x 3.14x 2.74x
EV / Revenue 9.41x 5.55x 5.71x 5.67x 4.94x 3.42x 2.93x 2.45x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 12x 9.55x 7.92x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 13.4x 10.6x 8.75x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 20.9x 14.4x 11.5x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 4.77% 6.94% 8.69%
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% 3.42% 4.04% 4.58%
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 43.70 43.70 43.70
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.($)
15.92x2.35x5.03x8.76% 1.93B
11.77x0.94x4.97x - 339M
Average 13.85x 1.64x 5.00x 8.76% 1.13B
Weighted average by Cap. 15.30x 2.14x 5.02x 8.76%

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