Zalando SE
ZAL: XHAN (DEU)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€95.00 | Mttm | Hrkqhmwh |
Zalando Earnings: GMV and Revenue Still Sluggish, but Profit Growth and Marketing Boost Is a Plus
We maintain our fair value estimate for no-moat Zalando as the firm reported sluggish growth still, but improved profitability and ramped up marketing spending in the first quarter. We still see shares as undervalued with almost 60% upside to our fair value estimate.