Zalando SE (ZAL.DE) stock analysis

In our weekly check, Zalando SE is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3.

About Zalando SE

Zalando SE is a Consumer Cyclical company (Specialty Retail) based in Germany, listed on XETRA as ZAL.DE.

What our checks show for ZAL.DE

Red flags

• The net margin fell by 1.6 points over 5 years, to 0.7%: the company keeps less of each sale as profit.
• The net margin is only 0.7%: little room if costs rise.
• The stock has fallen as much as 84% from a peak. Would you have held through that?

Warning signs

• The gross margin fell by 1.9 points, to 39.9%: costs are rising faster than prices.
• The price swings a lot: 43.6% annual volatility. Expect large ups and downs.
• The stock is still below its previous peak.
• Beta 1.55: the stock usually moves more than the market, both up and down.

Strengths

• Debt is low: 0.53x equity.
• Operating cash flow is 10.78x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 108% a year over the next years.
• Analysts expect the net margin to improve by 3 points from today's 0.7%.
• Earnings per share grew 78.5% a year over the last 3 years.
• Net profit grew 78% a year over the last 3 years.

Next earnings report: 2026-11-03

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Questions

What grade does Zalando SE (ZAL.DE) have?

In our weekly check, Zalando SE is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 4, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of ZAL.DE stock?

This week's biggest flags for Zalando SE: Margins falling, Thin margins, Deep past fall. In total 7 of 24 checks show a warning or a red flag.

What does Zalando SE do?

Zalando SE is a Consumer Cyclical company (Specialty Retail) based in Germany, listed on XETRA as ZAL.DE.

When does Zalando SE report earnings next?

The next earnings report is expected on 2026-11-03. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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