Zalando SE
ZAL: XHAN (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€39.00 | Mzsx | Gzbbhvds |
Zalando Earnings: Improvement in Sales Trends and High-Quality Margin Expansion; Shares Cheap
We are maintaining our fair value estimate of EUR 41 per share for no-moat Zalando as the company delivered improving revenue and solid margin development in the second quarter. We see shares as deeply undervalued at current levels with almost 100% upside to our fair value estimate.