Zalando ZAL.DE
Zalando is a European e-commerce platform for fashion and lifestyle, operating both a B2C marketplace and a B2B logistics and software business (ZEOS) for other brands and retailers. Zalando shows solid financial health with net cash (DN/EBITDA -0.14) and attractive forward valuation (PER 11.70, PEG 0.38), but earnings growth is negative (-21.6%) and operating margin is low (4.47%), which weighs on its quality and growth.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Zalando is a European e-commerce platform for fashion and lifestyle, operating both a B2C marketplace and a B2B logistics and software business (ZEOS) for other brands and retailers. Zalando shows solid financial health with net cash (DN/EBITDA -0.14) and attractive forward valuation (PER 11.70, PEG 0.38), but earnings growth is negative (-21.6%) and operating margin is low (4.47%), which weighs on its quality and growth.
Score by category
| Category | Score |
|---|---|
| Financial health | 5.8 |
| Quality / Moat | 6.2 |
| Valuation | 7.1 |
| Growth | 4.8 |
| Dividend | 1.5 |
| Momentum | 4.7 |
| Risk & Context | 3.8 |
OVERALL SCORE: 5.4/10
Context and risks
The macro context (rates, oil, geopolitics) does not materially affect Zalando: its business is fashion e-commerce in Europe, with no direct exposure to commodities or critical shipping routes. Rising rates may affect growth valuation, but that is already captured by the quantitative engine.
News considered in the analysis
- Zalando’s New Collection Uses ‘Next-Gen Cotton’ From Re&Up — Iniciativa de sostenibilidad que puede mejorar la percepción de marca, pero sin impacto financiero directo a corto plazo.
- Zalando’s ZEOS Now Fulfills M&S’ Entire Online D2C Business in Continental Europe — Expansión significativa del negocio B2B ZEOS con un socio importante, lo que diversifica ingresos y valida la plataforma logística.
- Goldman Sachs refreshes conviction lists on both sides of the Atlantic — Posible inclusión en listas de convicción, pero sin detalles específicos; impacto limitado.
- M&S partners with Zalando’s ZEOS to handle European online fulfilment — Refuerza la estrategia B2B de Zalando, con potencial de ingresos recurrentes y mayor utilización de su red logística.
- Authentic Teams Up With Luzern ECommerce to Give Its Brands Better Access to European Markets — Noticia sobre un competidor o socio potencial, sin impacto directo en Zalando.
Verdict: Hold; ZEOS expansion is positive, but current profitability is weak and momentum is negative.
Main risk: The low operating margin (4.47%) and negative earnings growth (-21.6%) indicate competitive pressure in fashion e-commerce, which could erode future profitability.
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