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 1,079 872.6 865.5 830.2
Change - -25.64% 13.6% 61.05% 1.13% -19.15% -0.81% -4.08%
P/E 82.9x 39.1x 56.4x 18.5x 26.6x 22.6x 17.6x 15x
PBR 2.35x 1.86x 2.78x 4.53x 4.81x 3.68x 3.37x 3.04x
PEG - 0.8x -3.1x 0x -1x -8.14x 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 3.35x 2.88x 2.4x
EV / EBITDA 28.3x 18.4x 20.1x 17.3x 15.7x 11.9x 9.41x 7.81x
EV / EBIT 41.2x 25.4x 28x 19.9x 17.9x 13.4x 10.5x 8.63x
EV / FCF 30.5x 21.6x 26.4x 14.3x 17.8x 18.6x 14.2x 11.4x
FCF Yield 3.28% 4.64% 3.79% 6.98% 5.62% 5.37% 7.02% 8.81%
Dividend per Share 2 1 1 1.1 1.3 1.4 1.496 1.768 2.008
Rate of return 2.51% 3.55% 3.3% 2.6% 2.66% 3.44% 4.06% 4.61%
EPS 2 0.48 0.72 0.59 2.7 1.98 1.925 2.473 2.906
Distribution rate 208% 139% 186% 48.1% 70.7% 77.7% 71.5% 69.1%
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 73.48 91.96 106.3
EBIT 1 19.04 22.93 23.65 53.66 60.14 65.15 82.57 96.22
Net income 1 10.79 15.96 12.85 58.39 41.71 41.08 52.63 61.88
Net Debt 1 -105.4 -46.17 -58.32 -15.8 -30.53 -45.2 -52.3 -87.65
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 24/3/22 23/3/23 20/3/24 26/3/25 24/3/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.4x3.4x11.78x3.44% 1.06B
22.71x2.37x5.05x8.11% 2.07B
11.5x0.92x4.88x - 333M
Average 18.87x 2.23x 7.24x 5.77% 1.15B
Weighted average by Cap. 21.54x 2.54x 7.09x 6.53%

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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