Ermenegildo Zegna NV (NYSE:ZGN)

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Price: 8.79 USD 6.16%

Market Cap: 3.6B USD

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Section:

Relative Value

The Relative Value of one ZGN stock under the Base Case scenario is 12.64 USD. Compared to the current market price of 8.79 USD, Ermenegildo Zegna NV is Undervalued by 30%.

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.

What is Relative Valuation?

How is Relative Value calculated?

ZGN Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.7

P/S

vs History	72
vs Industry	36

Median 5Y

2.2

Industry

Forward

1.8

More Details

33.9

P/E

vs History	47
vs Industry	29

Median 5Y

28.1

Industry

18.7

Forward

39.8

More Details

11.8

P/OCF

vs History	72
vs Industry	30

Median 5Y

15.1

Industry

10.1

More Details

366.3

P/FCFE

vs History	10
vs Industry	19

Median 5Y

-22.5

Industry

17.3

More Details

P/B

vs History	85
vs Industry	16

Median 5Y

5.8

Industry

1.4

More Details

1.9

EV/S

vs History	72
vs Industry	36

Median 5Y

2.3

Industry

1.2

Forward

More Details

EV/GP

vs History	72
vs Industry	58

Median 5Y

3.9

Industry

4.1

More Details

9.9

EV/EBITDA

vs History	72
vs Industry	46

Median 5Y

12.7

Industry

Forward

9.4

More Details

23.1

EV/EBIT

vs History	60
vs Industry	34

Median 5Y

23.6

Industry

14.3

Forward

21.5

More Details

13.2

EV/OCF

vs History	72
vs Industry	31

Median 5Y

16.1

Industry

More Details

20.6

EV/FCFF

vs History	72
vs Industry	24

Median 5Y

24.3

Industry

13.4

More Details

1.7

EV/IC

vs History	85
vs Industry	32

Median 5Y

2.4

Industry

1.1

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

		Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
IT	Ermenegildo Zegna NV NYSE:ZGN	3.6B USD	1.7	33.9	9.9	23.1
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	313.8B EUR	3.7	22.5	11.6	15.5
FR	Hermes International SCA PAR:RMS	241.3B EUR	17	54.2	34.9	39.9
FR	Christian Dior SE PAR:CDI	107B EUR	1.3	18.4	4.5	6
FR	EssilorLuxottica SA PAR:EL	105.3B EUR	4.1	45.9	17.6	33.7
CH	Compagnie Financiere Richemont SA SIX:CFR	78.9B CHF	4.1	64.6	18.9	18.9
CA	Lululemon Athletica Inc NASDAQ:LULU	48.3B USD	4.7	27.8	16.9	19.8
DE	Adidas AG XETRA:ADS	42.2B EUR	1.9	99.5	21.4	49.3
IN	Titan Company Ltd NSE:TITAN	3T INR	5.5	92.1	58.4	66.6
FR	Kering SA PAR:KER	28.7B EUR	1.6	13.8	7.5	11.6
CN	ANTA Sports Products Ltd HKEX:2020	226.6B HKD	3.2	16.1	11.8	11.8

			Revenue Growth	P/S to Growth
IT	Ermenegildo Zegna NV NYSE:ZGN	Average P/S: 4.4 1.7	12%	0.1
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	3.7	12%	0.3
FR	Hermes International SCA PAR:RMS	17	38%	0.5
FR	Christian Dior SE PAR:CDI	1.3	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	4.1	21%	0.2
CH	Compagnie Financiere Richemont SA SIX:CFR	4.1	14%	0.3
CA	Lululemon Athletica Inc NASDAQ:LULU	4.7	29%	0.2
DE	Adidas AG XETRA:ADS	1.9	30%	0.1
IN	Titan Company Ltd NSE:TITAN	5.5	60%	0.1
FR	Kering SA PAR:KER	1.6	-4%	N/A
CN	ANTA Sports Products Ltd HKEX:2020	3.2	41%	0.1

			Earnings Growth	P/E to Growth
IT	Ermenegildo Zegna NV NYSE:ZGN	Average P/E: 44.4 33.9	2%	14.3
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	22.5	9%	2.5
FR	Hermes International SCA PAR:RMS	54.2	33%	1.6
FR	Christian Dior SE PAR:CDI	18.4	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	45.9	76%	0.6
CH	Compagnie Financiere Richemont SA SIX:CFR	64.6	75%	0.9
CA	Lululemon Athletica Inc NASDAQ:LULU	27.8	33%	0.8
DE	Adidas AG XETRA:ADS	99.5	N/A	N/A
IN	Titan Company Ltd NSE:TITAN	92.1	77%	1.2
FR	Kering SA PAR:KER	13.8	-31%	N/A
CN	ANTA Sports Products Ltd HKEX:2020	16.1	59%	0.3

			EBITDA Growth	EV/EBITDA to Growth
IT	Ermenegildo Zegna NV NYSE:ZGN	Average EV/EBITDA: 19.4 9.9	21%	0.5
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	11.6	2%	5.7
FR	Hermes International SCA PAR:RMS	34.9	32%	1.1
FR	Christian Dior SE PAR:CDI	4.5	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	17.6	36%	0.5
CH	Compagnie Financiere Richemont SA SIX:CFR	18.9	12%	1.6
CA	Lululemon Athletica Inc NASDAQ:LULU	16.9	29%	0.6
DE	Adidas AG XETRA:ADS	21.4	175%	0.1
IN	Titan Company Ltd NSE:TITAN	58.4	72%	0.8
FR	Kering SA PAR:KER	7.5	-20%	N/A
CN	ANTA Sports Products Ltd HKEX:2020	11.8	24%	0.5

			EBIT Growth	EV/EBIT to Growth
IT	Ermenegildo Zegna NV NYSE:ZGN	Average EV/EBIT: 26.9 23.1	16%	1.5
FR	LVMH Moet Hennessy Louis Vuitton SE PAR:MC	15.5	11%	1.4
FR	Hermes International SCA PAR:RMS	39.9	34%	1.2
FR	Christian Dior SE PAR:CDI	6	N/A	N/A
FR	EssilorLuxottica SA PAR:EL	33.7	76%	0.4
CH	Compagnie Financiere Richemont SA SIX:CFR	18.9	14%	1.4
CA	Lululemon Athletica Inc NASDAQ:LULU	19.8	27%	0.7
DE	Adidas AG XETRA:ADS	49.3	959%	0.1
IN	Titan Company Ltd NSE:TITAN	66.6	80%	0.8
FR	Kering SA PAR:KER	11.6	-28%	N/A
CN	ANTA Sports Products Ltd HKEX:2020	11.8	41%	0.3

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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	Weatherford International PLC NASDAQ:WFRD	67.1 USD -2.13%

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	Bank of America Corp NYSE:BAC	44.17 USD 1.82%
	Mastercard Inc NYSE:MA	528.03 USD 0.91%
	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Abbvie Inc NYSE:ABBV	175.58 USD 2.37%
	Home Depot Inc NYSE:HD	392.6 USD 1.97%

	Arista Networks Inc NYSE:ANET	112.81 USD 3.43%
	Visa Inc NYSE:V	317.71 USD 0.9%
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	Manhattan Associates Inc NASDAQ:MANH	280.26 USD -0.81%
	Pinduoduo Inc NASDAQ:PDD	99.51 USD -1.48%

	Salesforce Inc NYSE:CRM	343.65 USD 2.21%
	Accenture PLC NYSE:ACN	366.37 USD -1.56%
	ServiceNow Inc NYSE:NOW	1 091.25 USD 1.52%
	EOG Resources Inc NYSE:EOG	119.04 USD 0.69%
	Copart Inc NASDAQ:CPRT	58.22 USD -0.39%
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Ermenegildo Zegna NV
NYSE:ZGN

Relative Value

Valuation Multiples

Multiples Across Competitors

ZGN Competitors Multiples
Ermenegildo Zegna NV Competitors

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Company

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52 Week Range	7.15 15.25
Price Target

Ermenegildo Zegna NV NYSE:ZGN

Relative Value

Valuation Multiples

Multiples Across Competitors

ZGN Competitors Multiples Ermenegildo Zegna NV Competitors

See Also

Company

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Ermenegildo Zegna NV
NYSE:ZGN

ZGN Competitors Multiples
Ermenegildo Zegna NV Competitors