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Zalando SE
WSE:ZAL

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Zalando SE
WSE:ZAL
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Price: 92.64 PLN 3.51% Market Closed
Market Cap: zł24.1B

Relative Value

The Relative Value of one ZAL stock under the Base Case scenario is 112.25 PLN. Compared to the current market price of 92.64 PLN, Zalando SE is Undervalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

ZAL Relative Value
Base Case
112.25 PLN
Undervaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

ZAL Competitors Multiples
Zalando SE Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
Zalando SE
WSE:ZAL
5.7B PLN 0.5 25.5 7.1 14.3
US
Amazon.com Inc
NASDAQ:AMZN
2.4T USD 3.4 31.1 16.9 30.6
ZA
Naspers Ltd
JSE:NPN
732.8B ZAR 5.8 8 171.3 171.3
CN
Alibaba Group Holding Ltd
NYSE:BABA
375.2B USD 2.6 20.8 21.5 21.5
CN
PDD Holdings Inc
NASDAQ:PDD
144.4B USD 2.4 9.8 6.3 6.3
NL
Prosus NV
AEX:PRX
107.7B EUR 18.6 9.5 529 529
AR
Mercadolibre Inc
NASDAQ:MELI
102.6B USD 3.9 49.4 25.8 31.9
UY
MercadoLibre Inc
BMV:MELIN
1.8T MXN 3.9 49.5 25.9 31.9
US
DoorDash Inc
NASDAQ:DASH
78.9B USD 6.2 91.4 58.8 111.3
CN
Meituan
HKEX:3690
561.9B HKD 1.4 -251.4 -151.7 -151.7
CN
JD.Com Inc
HKEX:9618
339B HKD 0.2 9.3 9.3 9.3
P/S Multiple
Revenue Growth P/S to Growth
DE
Zalando SE
WSE:ZAL
Average P/S: 4.5
0.5
12%
0
US
Amazon.com Inc
NASDAQ:AMZN
3.4
12%
0.3
ZA
N
Naspers Ltd
JSE:NPN
5.8
22%
0.3
CN
Alibaba Group Holding Ltd
NYSE:BABA
2.6
9%
0.3
CN
PDD Holdings Inc
NASDAQ:PDD
2.4
13%
0.2
NL
Prosus NV
AEX:PRX
18.6
27%
0.7
AR
Mercadolibre Inc
NASDAQ:MELI
3.9
30%
0.1
UY
MercadoLibre Inc
BMV:MELIN
3.9
30%
0.1
US
D
DoorDash Inc
NASDAQ:DASH
6.2
27%
0.2
CN
Meituan
HKEX:3690
1.4
13%
0.1
CN
JD.Com Inc
HKEX:9618
0.2
9%
0
P/E Multiple
Earnings Growth PEG
DE
Zalando SE
WSE:ZAL
Average P/E: 30.4
25.5
26%
1
US
Amazon.com Inc
NASDAQ:AMZN
31.1
21%
1.5
ZA
N
Naspers Ltd
JSE:NPN
8
2%
4
CN
Alibaba Group Holding Ltd
NYSE:BABA
20.8
15%
1.4
CN
PDD Holdings Inc
NASDAQ:PDD
9.8
10%
1
NL
Prosus NV
AEX:PRX
9.5
3%
3.2
AR
Mercadolibre Inc
NASDAQ:MELI
49.4
32%
1.5
UY
MercadoLibre Inc
BMV:MELIN
49.5
32%
1.5
US
D
DoorDash Inc
NASDAQ:DASH
91.4
163%
0.6
CN
Meituan
HKEX:3690
Negative Multiple: -251.4
1%
N/A
CN
JD.Com Inc
HKEX:9618
9.3
10%
0.9
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Zalando SE
WSE:ZAL
Average EV/EBITDA: 87.2
7.1
18%
0.4
US
Amazon.com Inc
NASDAQ:AMZN
16.9
28%
0.6
ZA
N
Naspers Ltd
JSE:NPN
171.3
64%
2.7
CN
Alibaba Group Holding Ltd
NYSE:BABA
21.5
12%
1.8
CN
PDD Holdings Inc
NASDAQ:PDD
6.3
12%
0.5
NL
Prosus NV
AEX:PRX
529
75%
7.1
AR
Mercadolibre Inc
NASDAQ:MELI
25.8
31%
0.8
UY
MercadoLibre Inc
BMV:MELIN
25.9
31%
0.8
US
D
DoorDash Inc
NASDAQ:DASH
58.8
101%
0.6
CN
Meituan
HKEX:3690
Negative Multiple: -151.7
5%
N/A
CN
JD.Com Inc
HKEX:9618
9.3
7%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Zalando SE
WSE:ZAL
Average EV/EBIT: 95.7
14.3
25%
0.6
US
Amazon.com Inc
NASDAQ:AMZN
30.6
23%
1.3
ZA
N
Naspers Ltd
JSE:NPN
171.3
111%
1.5
CN
Alibaba Group Holding Ltd
NYSE:BABA
21.5
11%
2
CN
PDD Holdings Inc
NASDAQ:PDD
6.3
13%
0.5
NL
Prosus NV
AEX:PRX
529
97%
5.5
AR
Mercadolibre Inc
NASDAQ:MELI
31.9
32%
1
UY
MercadoLibre Inc
BMV:MELIN
31.9
32%
1
US
D
DoorDash Inc
NASDAQ:DASH
111.3
280%
0.4
CN
Meituan
HKEX:3690
Negative Multiple: -151.7
1%
N/A
CN
JD.Com Inc
HKEX:9618
9.3
4%
2.3