Zalaris ASA
OSE:ZAL

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Zalaris ASA
OSE:ZAL
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Price: 74.8 NOK 3.03%
Market Cap: 1.6B NOK
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Relative Value

The Relative Value of one ZAL stock under the Base Case scenario is 135.28 NOK. Compared to the current market price of 74.8 NOK, Zalaris ASA is Undervalued by 45%.

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
135.28 NOK
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.3
P/S
P/S
Price to Sales
1.3
vs History
36
vs Industry
44
Median 3Y
1
Median 5Y
1
Industry
1.3
Forward
1.2
More Details
34.9
P/E
P/E
Price to Earnings
34.9
vs History
30
vs Industry
9
Median 3Y
-11.6
Median 5Y
-14.8
Industry
19
Forward
17.2
More Details
19.1
P/OCF
P/OCF
Price to OCF
19.1
vs History
60
vs Industry
17
Median 3Y
32.5
Median 5Y
20.2
Industry
13.4
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
36
Median 3Y
-30.8
Median 5Y
-20.3
Industry
18.3
More Details
7
P/B
P/B
Price to Book Value
7
vs History
33
vs Industry
10
Median 3Y
5.2
Median 5Y
5.5
Industry
2.4
More Details
1.6
EV/S
EV/S
Enterprise Value to Sales
1.6
vs History
36
vs Industry
36
Median 3Y
1.3
Median 5Y
1.3
Industry
1.3
Forward
1.5
More Details
N/A
EV/GP
EV/GP
Enterprise Value to Gross Profit
N/A
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
3.3
More Details
14.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
14.1
vs History
65
vs Industry
25
Median 3Y
13.6
Median 5Y
13.7
Industry
10.4
Forward
8.8
More Details
24.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
24.8
vs History
88
vs Industry
16
Median 3Y
30.1
Median 5Y
37.7
Industry
12.7
Forward
13
More Details
23.1
EV/OCF
EV/OCF
Enterprise Value to OCF
23.1
vs History
63
vs Industry
11
Median 3Y
40.6
Median 5Y
26.6
Industry
12.6
More Details
41.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
41.4
vs History
39
vs Industry
4
Median 3Y
38.3
Median 5Y
17.7
Industry
14.7
More Details
1.9
EV/IC
EV/IC
Enterprise Value to IC
1.9
vs History
36
vs Industry
40
Median 3Y
1.5
Median 5Y
1.7
Industry
1.7
More Details

Multiples Across Competitors

ZAL Competitors Multiples
Zalaris ASA Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
NO
Zalaris ASA
OSE:ZAL
1.6B NOK 1.3 34.9 14.1 24.8
JP
Outsourcing Inc
TSE:2427
3 854 332.4T JPY 5 141 797.4 746 674 240.5 84 306 673.3 150 819 083.2
JP
Recruit Holdings Co Ltd
TSE:6098
18.5T JPY 5.3 51 32.6 41.2
US
Robert Half Inc
SWB:RHJ
11.5B EUR 2 42 38.4 46.8
US
Robert Half International Inc
NYSE:RHI
7.4B USD 1.3 26.1 23.1 28.2
NL
Randstad NV
AEX:RAND
6.9B EUR 0.3 16.1 7.7 12.9
US
TriNet Group Inc
NYSE:TNET
4.5B USD 0.9 17 12.4 15.1
CH
Adecco Group AG
SIX:ADEN
3.7B CHF 0.2 13.1 6.8 9.3
CN
51job Inc
F:IWQ
3.9B EUR 6.7 46.1 35.7 36.4
US
ASGN Inc
NYSE:ASGN
3.8B USD 0.9 20.7 11.3 14.9
US
Alight Inc
NYSE:ALIT
3.7B USD 1.4 -11.5 11.7 80.4
P/S Multiple
Revenue Growth P/S to Growth
NO
Zalaris ASA
OSE:ZAL
Average P/S: 467 438
1.3
40%
0
JP
Outsourcing Inc
TSE:2427
5 141 797.4
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
5.3
18%
0.3
US
R
Robert Half Inc
SWB:RHJ
2
2%
1.3
US
Robert Half International Inc
NYSE:RHI
1.3
2%
0.8
NL
R
Randstad NV
AEX:RAND
0.3
4%
0.1
US
TriNet Group Inc
NYSE:TNET
0.9
16%
0.1
CH
A
Adecco Group AG
SIX:ADEN
0.2
8%
0
CN
5
51job Inc
F:IWQ
6.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
0.9
4%
0.2
US
Alight Inc
NYSE:ALIT
1.4
-24%
N/A
P/E Multiple
Earnings Growth P/E to Growth
NO
Zalaris ASA
OSE:ZAL
Average P/E: 74 667 450.7
34.9
N/A N/A
JP
Outsourcing Inc
TSE:2427
746 674 240.5
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
51
72%
0.7
US
R
Robert Half Inc
SWB:RHJ
42
4%
11
US
Robert Half International Inc
NYSE:RHI
26.1
4%
6.8
NL
R
Randstad NV
AEX:RAND
16.1
24%
0.7
US
TriNet Group Inc
NYSE:TNET
17
-11%
N/A
CH
A
Adecco Group AG
SIX:ADEN
13.1
96%
0.1
CN
5
51job Inc
F:IWQ
46.1
N/A N/A
US
ASGN Inc
NYSE:ASGN
20.7
35%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -11.5 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NO
Zalaris ASA
OSE:ZAL
Average EV/EBITDA: 7 664 260.6
14.1
120%
0.1
JP
Outsourcing Inc
TSE:2427
84 306 673.3
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
32.6
46%
0.7
US
R
Robert Half Inc
SWB:RHJ
38.4
20%
1.9
US
Robert Half International Inc
NYSE:RHI
23.1
20%
1.1
NL
R
Randstad NV
AEX:RAND
7.7
5%
1.6
US
TriNet Group Inc
NYSE:TNET
12.4
-7%
N/A
CH
A
Adecco Group AG
SIX:ADEN
6.8
13%
0.5
CN
5
51job Inc
F:IWQ
35.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
11.3
14%
0.8
US
Alight Inc
NYSE:ALIT
11.7
26%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NO
Zalaris ASA
OSE:ZAL
Average EV/EBIT: 13 710 853.9
24.8
155%
0.2
JP
Outsourcing Inc
TSE:2427
150 819 083.2
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
41.2
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
46.8
21%
2.2
US
Robert Half International Inc
NYSE:RHI
28.2
21%
1.3
NL
R
Randstad NV
AEX:RAND
12.9
18%
0.7
US
TriNet Group Inc
NYSE:TNET
15.1
-20%
N/A
CH
A
Adecco Group AG
SIX:ADEN
9.3
21%
0.4
CN
5
51job Inc
F:IWQ
36.4
N/A N/A
US
ASGN Inc
NYSE:ASGN
14.9
9%
1.7
US
Alight Inc
NYSE:ALIT
80.4
-91%
N/A

See Also

Summary
ZAL intrinsic value, competitors valuation, and company profile.
DCF Valuation
ZAL stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ZAL stock valuation using valuation multiples.
Wall Street Estimates
ZAL price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ZAL stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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