Obermatt

Flags

Earnings warning

Zalando

GER:ZAL · DE000ZAL1111
Specialty RetailX-Large

360

86
EV / EBIT69
Price / Owner Earnings30
Owner Earnings Yield54
Dividend Yield1
Price/Sales52
EV / Gross Profit71
Price/Book45
Return on Capital41
Cash Return on Capital57
Return on Equity30
EBIT Margin29
Gross Profitability57
Cash Conversion92
Accruals40
Owner Earnings Margin35
Sales growth92
Profit Growth88
Long-Term EPS Growth95
Owner Earnings Growth19
Reinvestment70
Price momentum37
Debt load72
Refinancing20
Debt Payback72
Liquidity59
Analyst ratings78
Opinion Changes50
Price Target Upside78
Market mood52
Value Creation10/20creating 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

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

Profile

CountryGermany
IndustrySpecialty Retail
SizeX-Large
TypePublic Company
ExchangeXTRA
Employees8,208
Websitezalando.de
ISINDE000ZAL1111
Last UpdateApr 2, 2026
Themes
Online PaymentsLifestyleFast-Moving Consumer GoodsE-CommerceE-Commerce PlatformsFashion

Description

Zalando SE operates an online platform for fashion and lifestyle products. Business Segments The company’s operations are structured into distinct business segments. The main business segments include: Fashion Store This segment encompasses prima…

Analysis

Middle-of-the-road

Zalando SE sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 30.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 12% a year, against analyst forecasts of 24%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
68
2023202420252026

All-time high

96

Nov 2025

All-time low

52

Jul 2023

Average rank

78

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
52
18
44
30
Price/Earnings
34
6
6
8
Price/Book
45
30
44
32
Dividend Yield
1
1
1
1
Value (overall)
19
30
14
12

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

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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 →