Obermatt

ZOZO

TYO:3092 · JP3399310006
Specialty RetailLarge

360

59
EV / EBIT51
Price / Owner Earnings41
Owner Earnings Yield73
Dividend Yield73
Price/Sales5
EV / Gross Profit19
Price/Book5
Return on Capital100
Cash Return on Capital98
Return on Equity94
EBIT Margin100
Gross Profitability93
Cash Conversion21
Accruals1
Owner Earnings Margin96
Sales growth67
Profit Growth49
Long-Term EPS Growth45
Reinvestment57
Price momentum24
Debt load75
Refinancing23
Debt Payback100
Liquidity90
Analyst ratings15
Opinion Changes50
Price Target Upside47
Market mood91
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

ZOZO clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryJapan
IndustrySpecialty Retail
SizeLarge
TypePublic Company
ExchangeTSE
Founded1998
Employees156
ISINJP3399310006
Last UpdateApr 2, 2026
Themes
Smart ClothingSocial Media AdvertisingLifestyleFast-Moving Consumer GoodsCommerce and ShoppingConsumer GoodsMedia and Entertainment

Description

ZOZO, Inc. is a player in the e-commerce sector, primarily focusing on the fashion industry through its flagship platform, ZOZOTOWN. The company operates as an online marketplace that connects consumers with an array of fashion brands, offering a sel…

Analysis

Quality compounder

ZOZO, Inc. earns the quality_compounder label: good underlying economics priced fairly, with no obvious bargain or excess. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is fair. The owner-earnings multiple stands at 17.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 5% a year, against analyst forecasts of 6%. The price, in other words, assumes less than the experts do.

Growth is tepid; the safety picture is sturdy. The company scores 13/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
38
2023202420252026

All-time high

72

Jan 2023

All-time low

16

Mar 2026

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
5
1
1
1
Price/Earnings
34
10
31
25
Price/Book
5
5
7
9
Dividend Yield
73
52
73
52
Value (overall)
14
3
21
9

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare ZOZO with its peers
Eagers Automotive
ASX:APE
83
CountryAustralia
IndustrySpecialty Retail
SizeLarge
Full Stock Analysis →
Temple & Webster Group
ASX:TPW
43
CountryAustralia
IndustrySpecialty Retail
SizeSmall
Full Stock Analysis →
Smart Share
NAQ:EM
CountryChina
IndustrySpecialty Retail
SizeSmall
Full Stock Analysis →
Workman
TYO:7564
35
CountryJapan
IndustrySpecialty Retail
SizeMedium
Full Stock Analysis →
LOTTE Himart
KSC:071840
61
CountrySouth Korea
IndustrySpecialty Retail
SizeMedium
Full Stock Analysis →
ASKUL
TYO:2678
14
CountryJapan
IndustryCommercial Services & Supplies
SizeMedium
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →