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Zalando

SWX:ZAL
Snowflake Description

Excellent balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZAL
SWX
€10B
Market Cap
  1. Home
  2. CH
  3. Retail
Company description

Zalando SE operates as an online fashion and lifestyle retailer in Europe. The last earnings update was 19 days ago. More info.


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ZAL Share Price and Events
7 Day Returns
0%
SWX:ZAL
0.9%
Europe Online Retail
-0%
CH Market
1 Year Returns
-21%
SWX:ZAL
17.8%
Europe Online Retail
14.6%
CH Market
ZAL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zalando (ZAL) 0% 0% 0% -21% -34.5% 5.6%
Europe Online Retail 0.9% -4.7% 0.5% 17.8% 36% 81.8%
CH Market -0% 3.2% 5.4% 14.6% 22.7% 13.2%
1 Year Return vs Industry and Market
  • ZAL underperformed the Online Retail industry which returned 17.8% over the past year.
  • ZAL underperformed the Market in Switzerland which returned 14.6% over the past year.
Price Volatility
ZAL
Industry
5yr Volatility vs Market
Related Companies

ZAL Value

 Is Zalando undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zalando to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zalando.

SWX:ZAL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 26 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year CH Government Bond Rate 3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:ZAL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CH Govt Bond Rate 3.3%
Equity Risk Premium S&P Global 6%
Online Retail Unlevered Beta Simply Wall St/ S&P Global 1.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.644 (1 + (1- 30%) (4.95%))
1.47
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.47
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.47 * 5.96%)
12.03%

Discounted Cash Flow Calculation for SWX:ZAL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zalando is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SWX:ZAL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.03%)
2020 -26.74 Analyst x16 -23.87
2021 11.90 Analyst x14 9.48
2022 243.75 Analyst x2 173.34
2023 299.95 Analyst x2 190.39
2024 342.85 Est @ 14.3% 194.25
2025 380.55 Est @ 11% 192.44
2026 413.58 Est @ 8.68% 186.68
2027 442.77 Est @ 7.06% 178.39
2028 469.00 Est @ 5.92% 168.66
2029 493.05 Est @ 5.13% 158.26
Present value of next 10 years cash flows €1,428.00
SWX:ZAL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €493.05 × (1 + 3.28%) ÷ (12.03% – 3.28%)
€5,813.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €5,813.05 ÷ (1 + 12.03%)10
€1,865.88
SWX:ZAL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,428.00 + €1,865.88
€3,293.88
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,293.88 / 248.61
€13.25
SWX:ZAL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in SWX:ZAL represents 0.64851x of XTRA:ZAL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64851x
Value per Share
(Listing Adjusted, CHF)
= Value per Share (EUR) x Listing Adjustment Factor
= € 13.25 x 0.64851
CHF8.59
Value per share (CHF) From above. CHF8.59
Current discount Discount to share price of CHF25.00
= -1 x (CHF25.00 - CHF8.59) / CHF8.59
-191%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Zalando is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zalando's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zalando's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SWX:ZAL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.40
XTRA:ZAL Share Price ** XTRA (2019-11-19) in EUR €38.55
Europe Online Retail Industry PE Ratio Median Figure of 27 Publicly-Listed Online Retail Companies 18.29x
Switzerland Market PE Ratio Median Figure of 171 Publicly-Listed Companies 19.26x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zalando.

SWX:ZAL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ZAL Share Price ÷ EPS (both in EUR)

= 38.55 ÷ 0.40

95.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zalando is overvalued based on earnings compared to the Europe Online Retail industry average.
  • Zalando is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does Zalando's expected growth come at a high price?
Raw Data
SWX:ZAL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 95.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts
30.8%per year
Europe Online Retail Industry PEG Ratio Median Figure of 17 Publicly-Listed Online Retail Companies 1.72x
Switzerland Market PEG Ratio Median Figure of 124 Publicly-Listed Companies 2.12x

*Line of best fit is calculated by linear regression .

SWX:ZAL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 95.45x ÷ 30.8%

3.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zalando is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Zalando's assets?
Raw Data
SWX:ZAL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €11.69
XTRA:ZAL Share Price * XTRA (2019-11-19) in EUR €38.55
Europe Online Retail Industry PB Ratio Median Figure of 71 Publicly-Listed Online Retail Companies 2.31x
Switzerland Market PB Ratio Median Figure of 214 Publicly-Listed Companies 1.65x
SWX:ZAL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ZAL Share Price ÷ Book Value per Share (both in EUR)

= 38.55 ÷ 11.69

3.3x

* Primary Listing of Zalando.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zalando is overvalued based on assets compared to the Europe Online Retail industry average.
X
Value checks
We assess Zalando's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Online Retail industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Online Retail industry average (and greater than 0)? (1 check)
  5. Zalando has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ZAL Future Performance

 How is Zalando expected to perform in the next 1 to 3 years based on estimates from 26 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
30.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zalando expected to grow at an attractive rate?
  • Zalando's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
  • Zalando's earnings growth is expected to exceed the Switzerland market average.
  • Zalando's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
Raw Data
SWX:ZAL Future Growth Rates Data Sources
Data Point Source Value (per year)
SWX:ZAL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 26 Analysts 30.8%
SWX:ZAL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 26 Analysts 14.8%
Europe Online Retail Industry Earnings Growth Rate Market Cap Weighted Average 26.6%
Europe Online Retail Industry Revenue Growth Rate Market Cap Weighted Average 18.1%
Switzerland Market Earnings Growth Rate Market Cap Weighted Average 9.9%
Switzerland Market Revenue Growth Rate Market Cap Weighted Average 3.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SWX:ZAL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:ZAL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 11,575 998 4
2022-12-31 10,193 765 220 6
2021-12-31 8,927 415 161 23
2020-12-31 7,634 341 124 26
2019-12-31 6,455 263 83 26
2019-11-19
SWX:ZAL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 6,158 318 71
2019-06-30 5,837 293 42
2019-03-31 5,570 230 49
2018-12-31 5,388 213 51
2018-09-30 5,060 18 56
2018-06-30 4,934 136 87
2018-03-31 4,705 135 83
2017-12-31 4,489 194 103
2017-09-30 4,247 220 103
2017-06-30 4,007 191 118
2017-03-31 3,823 268 121
2016-12-31 3,639 276 121

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zalando's earnings are expected to grow significantly at over 20% yearly.
  • Zalando's revenue is expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SWX:ZAL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below

All data from Zalando Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:ZAL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 0.86 0.87 0.86 2.00
2021-12-31 0.62 0.82 0.35 20.00
2020-12-31 0.48 0.65 0.29 24.00
2019-12-31 0.33 0.44 0.24 23.00
2019-11-19
SWX:ZAL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.40
2019-06-30 0.17
2019-03-31 0.20
2018-12-31 0.21
2018-09-30 0.23
2018-06-30 0.35
2018-03-31 0.34
2017-12-31 0.42
2017-09-30 0.42
2017-06-30 0.48
2017-03-31 0.48
2016-12-31 0.49

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Zalando is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Zalando's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zalando has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ZAL Past Performance

  How has Zalando performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zalando's growth in the last year to its industry (Online Retail).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zalando's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Zalando's 1-year earnings growth exceeds its 5-year average (26.3% vs -4%)
  • Zalando's earnings growth has exceeded the Europe Online Retail industry average in the past year (26.3% vs 12.7%).
Earnings and Revenue History
Zalando's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zalando Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:ZAL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 6,158.30 70.50 2,461.70
2019-06-30 5,837.40 42.40 2,356.00
2019-03-31 5,570.10 48.80 2,245.10
2018-12-31 5,387.90 51.40 2,168.10
2018-09-30 5,060.00 55.80 2,044.60
2018-06-30 4,934.30 87.00 1,961.00
2018-03-31 4,704.80 83.00 1,872.50
2017-12-31 4,489.00 103.10 1,773.70
2017-09-30 4,246.90 102.50 1,683.30
2017-06-30 4,007.10 118.00 1,568.60
2017-03-31 3,823.10 121.00 1,489.20
2016-12-31 3,639.00 120.50 1,415.00
2016-09-30 3,415.90 163.20 1,344.30
2016-06-30 3,294.20 129.70 1,329.50
2016-03-31 3,110.70 101.80 1,299.80
2015-12-31 2,958.20 121.50 1,247.90
2015-09-30 2,755.20 66.30 1,166.00
2015-06-30 2,543.50 94.20 1,053.10
2015-03-31 2,356.90 100.30 948.10
2014-12-31 2,214.00 47.10 903.00
2014-09-30 2,098.10 11.98 882.34
2014-06-30 2,000.52 -39.77 881.64
2014-03-31 1,858.41 -107.18 858.47
2013-12-31 1,762.00 -116.60 838.60
2012-12-31 1,158.68 -85.07 623.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Zalando has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Zalando used its assets less efficiently than the Europe Online Retail industry average last year based on Return on Assets.
  • Zalando's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zalando's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Online Retail industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zalando has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ZAL Health

 How is Zalando's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zalando's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zalando is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Zalando's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Zalando's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -46.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zalando Company Filings, last reported 1 month ago.

SWX:ZAL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,589.10 0.00 867.00
2019-06-30 1,570.20 7.20 996.10
2019-03-31 1,508.40 7.90 916.90
2018-12-31 1,549.00 8.40 1,061.80
2018-09-30 1,486.90 9.40 942.20
2018-06-30 1,489.90 10.10 1,004.20
2018-03-31 1,499.50 10.80 1,006.10
2017-12-31 1,538.90 11.20 1,120.70
2017-09-30 1,475.50 12.10 1,181.90
2017-06-30 1,473.60 12.80 1,132.20
2017-03-31 1,415.10 13.60 1,126.70
2016-12-31 1,407.50 14.40 1,204.50
2016-09-30 1,342.90 15.20 1,219.00
2016-06-30 1,332.50 16.00 1,194.00
2016-03-31 1,278.30 16.80 1,115.00
2015-12-31 1,271.40 17.60 1,148.30
2015-09-30 1,164.80 18.40 1,109.70
2015-06-30 1,182.00 19.20 1,103.50
2015-03-31 1,148.10 20.00 1,067.90
2014-12-31 1,126.70 20.80 1,056.80
2014-09-30 1,076.93 19.67 1,006.23
2014-06-30 556.05 20.48 404.34
2014-03-31 546.50 20.20 421.10
2013-12-31 546.50 20.20 421.10
2012-12-31 458.20 14.34 396.71
  • Zalando's level of debt (-3.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1.8% vs -3.9% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Zalando has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Zalando's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zalando has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ZAL Dividends

 What is Zalando's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Zalando dividends. Estimated to be 0.02% next year.
If you bought CHF2,000 of Zalando shares you are expected to receive CHF0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Zalando's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zalando's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SWX:ZAL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 26 Analyst Estimates (S&P Global) See Below
Europe Online Retail Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 3.5%
Switzerland Market Average Dividend Yield Market Cap Weighted Average of 163 Stocks 2.9%
Switzerland Minimum Threshold Dividend Yield 10th Percentile 1.2%
Switzerland Bottom 25% Dividend Yield 25th Percentile 1.8%
Switzerland Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:ZAL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.26 1.00
2021-12-31 0.00 8.00
2020-12-31 0.00 9.00
2019-12-31 0.00 10.00
2019-11-19

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Zalando has not reported any payouts.
  • Unable to verify if Zalando's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zalando's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zalando has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Zalando's dividends in 3 years as they are not expected to pay a notable one for Switzerland.
X
Income/ dividend checks
We assess Zalando's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zalando afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zalando has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ZAL Management

 What is the CEO of Zalando's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Schneider
COMPENSATION €19,351,297
AGE 37
CEO Bio

Mr. David Schneider co-founded Zalando SE June 2008 and serves as its General Manager and Co-Chief Executive Officer. Mr. Schneider serves as a Limited Partner of several private companies, including zLabels GmbH, La Plata GmbH, Kiefholzstra e Immobilien GmbH & Co. KG, Hamburger Platz Immobilien GmbH & Co. KG and Anatwine Ltd. Mr. Schneider has been a Member of Management Board at Zalando SE since June 2008 and served as its Senior Vice President of Operations. He served as a Member of Supervisory Board at trivago N.V. from 2016 to October 2019. Mr. Schneider serves as a Director of several private companies, including zLabels GmbH, La Plata GmbH, Kiefholzstra e Immobilien GmbH & Co. KG, Hamburger Platz Immobilien GmbH & Co. KG and Anatwine Ltd. He holds MBA from WHU - Otto Beisheim Graduate School of Management, graduating in 2007. During his studies, Mr. Schneider completed a semester abroad at Singapore Management University.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in Switzerland.
Management Team

David Schneider

TITLE
Co-Founder
COMPENSATION
€19M
AGE
37

Robert Gentz

TITLE
Co-Founder
COMPENSATION
€19M
AGE
36

Rubin Ritter

TITLE
Co-CEO, GM & Member of the Management Board
COMPENSATION
€19M
AGE
37

David Schröder

TITLE
CFO & Member of Management Board
TENURE
0.6 yrs

Jim Freeman

TITLE
CTO & Member of Management Board
TENURE
0.6 yrs

Birgit Opp

TITLE
Vice President of Corporate Finance & Investor Relations

Rene Gribnitz

TITLE
Vice President of Communications

Philipp Erler

TITLE
Senior Vice President of Digital Experience
AGE
36

Moritz Hahn

TITLE
Senior Vice President of Commercial Business - Zalando Fashion Store
AGE
40

Jan Wilmking

TITLE
Senior VP of Private Brands & MD of Zlabels GmbH
AGE
40
Board of Directors Tenure

Average tenure and age of the Zalando board of directors in years:

2.5
Average Tenure
44
Average Age
  • The average tenure for the Zalando board of directors is less than 3 years, this suggests a new board.
Board of Directors

Anders Povlsen

TITLE
Deputy Chairperson of the Supervisory Board
AGE
47
TENURE
2.5 yrs

Jørgen Lindemann

TITLE
Member of Supervisory Board
AGE
53
TENURE
3.5 yrs

Alexander Samwer

TITLE
Member of the Supervisory Board
AGE
44
TENURE
5.9 yrs

Cristina Stenbeck

TITLE
Member of the Supervisory Board
AGE
42
TENURE
0.5 yrs

Beate Siert

TITLE
Member of Supervisory Board
AGE
42
TENURE
4.4 yrs

Konrad Schäfers

TITLE
Member of Supervisory Board
AGE
33
TENURE
4.4 yrs

Anthony Brew

TITLE
Employee Representative Member of Supervisory Board
AGE
40
TENURE
1.5 yrs

Mariella Röhm-Kottmann

TITLE
Member of the Supervisory Board
AGE
52
TENURE
0.5 yrs

Kelly Bennett

TITLE
Member of the Supervisory Board
AGE
47
TENURE
0.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Zalando's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zalando has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ZAL News

Simply Wall St News

ZAL Company Info

Description

Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne. Zalando SE was founded in 2008 and is headquartered in Berlin, Germany.

Details
Name: Zalando SE
ZAL
Exchange: SWX
Founded: 2008
€10,515,391,629
248,608,851
Website: http://corporate.zalando.de
Address: Zalando SE
Tamara-Danz-Strasse 1,
Berlin,
Berlin, 10243,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ZAL Ordinary Bearer Shares XETRA Trading Platform DE EUR 01. Oct 2014
OTCPK ZLDS.F Ordinary Bearer Shares Pink Sheets LLC US USD 01. Oct 2014
DB ZAL Ordinary Bearer Shares Deutsche Boerse AG DE EUR 01. Oct 2014
LSE 0QXN Ordinary Bearer Shares London Stock Exchange GB EUR 01. Oct 2014
SWX ZAL Ordinary Bearer Shares SIX Swiss Exchange CH CHF 01. Oct 2014
WBAG ZAL Ordinary Bearer Shares Wiener Boerse AG AT EUR 01. Oct 2014
BMV ZAL N Ordinary Bearer Shares Bolsa Mexicana de Valores MX MXN 01. Oct 2014
BATS-CHIXE ZALD Ordinary Bearer Shares BATS 'Chi-X Europe' GB EUR 01. Oct 2014
OTCPK ZLND.Y UNSP ADR EACH REPR 2 ORD Pink Sheets LLC US USD 08. Jul 2015
DB ZAL1 UNSP ADR EACH REPR 2 ORD Deutsche Boerse AG DE EUR 08. Jul 2015
Number of employees
Current staff
Staff numbers
13,965
Zalando employees.
Industry
Internet and Direct Marketing Retail
Retail
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 21:49
End of day share price update: 2019/11/19 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.