ZSCALER, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 177 USD | +1.28% |
|
+4.63% | -20.09% |
| Apr. 25 | Zscaler, Inc. Introduces First of Its Kind Digital Experience Monitoring Copilot to Enable It Support and Operations with AI | CI |
| Apr. 19 | North American Morning Briefing : Stock Futures -2- | DJ |
Valuation
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,590 | 16,948 | 32,317 | 21,997 | 23,398 | 26,197 | - | - |
| Enterprise Value (EV) 1 | 10,225 | 16,439 | 31,728 | 21,235 | 22,432 | 24,789 | 24,222 | 23,533 |
| P/E ratio | -366 x | -146 x | -122 x | -56 x | -115 x | -193 x | -240 x | -517 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 35 x | 39.3 x | 48 x | 20.2 x | 14.5 x | 12.3 x | 9.84 x | 7.9 x |
| EV / Revenue | 33.8 x | 38.1 x | 47.1 x | 19.5 x | 13.9 x | 11.7 x | 9.1 x | 7.1 x |
| EV / EBITDA | 288 x | 345 x | 295 x | 140 x | 75.6 x | 53.8 x | 39.7 x | 29.1 x |
| EV / FCF | 348 x | 598 x | 221 x | 84.1 x | 67.2 x | 50.6 x | 37.9 x | 28.2 x |
| FCF Yield | 0.29% | 0.17% | 0.45% | 1.19% | 1.49% | 1.98% | 2.64% | 3.55% |
| Price to Book | 34.8 x | 34.6 x | 54.9 x | 38.1 x | - | 23 x | 16.4 x | 12.1 x |
| Nbr of stocks (in thousands) | 125,662 | 130,518 | 136,987 | 141,863 | 145,891 | 149,858 | - | - |
| Reference price 2 | 84.27 | 129.8 | 235.9 | 155.1 | 160.4 | 174.8 | 174.8 | 174.8 |
| Announcement Date | 9/10/19 | 9/9/20 | 9/9/21 | 9/8/22 | 9/5/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 302.8 | 431.3 | 673.1 | 1,091 | 1,617 | 2,123 | 2,662 | 3,315 |
| EBITDA 1 | 35.5 | 47.66 | 107.6 | 152.1 | 296.6 | 461 | 609.6 | 809.6 |
| EBIT 1 | 25.1 | 29.92 | 77.96 | 111.6 | 240.8 | 397.5 | 522.5 | 691.8 |
| Operating Margin | 8.29% | 6.94% | 11.58% | 10.23% | 14.89% | 18.73% | 19.62% | 20.87% |
| Earnings before Tax (EBT) 1 | -27.91 | -112.7 | -257.2 | -383.6 | -182.6 | -96.59 | -70.14 | 2.819 |
| Net income 1 | -28.66 | -115.1 | -262 | -390.3 | -202.3 | -135 | -106.1 | -56.2 |
| Net margin | -9.46% | -26.69% | -38.93% | -35.77% | -12.51% | -6.36% | -3.99% | -1.7% |
| EPS 2 | -0.2300 | -0.8900 | -1.930 | -2.770 | -1.400 | -0.9053 | -0.7289 | -0.3380 |
| Free Cash Flow 1 | 29.34 | 27.51 | 143.7 | 252.6 | 333.6 | 489.7 | 639.2 | 835.4 |
| FCF margin | 9.69% | 6.38% | 21.36% | 23.16% | 20.63% | 23.07% | 24.01% | 25.2% |
| FCF Conversion (EBITDA) | 82.67% | 57.72% | 133.56% | 166.13% | 112.49% | 106.23% | 104.86% | 103.2% |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 9/10/19 | 9/9/20 | 9/9/21 | 9/8/22 | 9/5/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juli | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 230.5 | 255.6 | 286.8 | 318.1 | 355.5 | 387.6 | 418.8 | 455 | 496.7 | 525 | 536 | 565 | 616.1 | 650.3 | 674.2 |
| EBITDA 1 | 32.97 | 32.33 | 37.64 | 49.12 | 53.98 | 62.2 | 78.41 | 102 | 103.7 | 118.6 | 116 | 123.9 | 143.6 | 154.4 | 156.7 |
| EBIT 1 | 23.95 | 22.34 | 27.21 | 38.1 | 42.1 | 48.83 | 63.88 | 86 | 89.71 | 103.2 | 99.83 | 106.5 | 116.7 | 128.9 | 131.9 |
| Operating Margin | 10.39% | 8.74% | 9.49% | 11.98% | 11.84% | 12.6% | 15.25% | 18.9% | 18.06% | 19.65% | 18.63% | 18.85% | 18.95% | 19.82% | 19.56% |
| Earnings before Tax (EBT) 1 | -88.32 | -98.26 | -101.9 | -95.15 | -63.42 | -53.76 | -39.36 | -26.03 | -24.49 | -20.5 | -27.25 | -26.31 | -20.28 | -15.8 | -13.36 |
| Net income 1 | -90.8 | -100.4 | -101.4 | -97.65 | -68.16 | -57.45 | -46.05 | -30.67 | -33.48 | -28.47 | -37.14 | -36.54 | -30.68 | -26.22 | -25.85 |
| Net margin | -39.39% | -39.29% | -35.36% | -30.7% | -19.17% | -14.82% | -10.99% | -6.74% | -6.74% | -5.42% | -6.93% | -6.47% | -4.98% | -4.03% | -3.83% |
| EPS 2 | -0.6500 | -0.7100 | -0.7200 | -0.6900 | -0.4800 | -0.4000 | -0.3200 | -0.2100 | -0.2300 | -0.1900 | -0.2541 | -0.2460 | -0.1877 | -0.1624 | -0.1700 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/30/21 | 2/24/22 | 5/26/22 | 9/8/22 | 12/1/22 | 3/2/23 | 6/1/23 | 9/5/23 | 11/27/23 | 2/29/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 365 | 509 | 589 | 763 | 966 | 1,408 | 1,975 | 2,664 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 29.3 | 27.5 | 144 | 253 | 334 | 490 | 639 | 835 |
| ROE (net income / shareholders' equity) | 11.1% | 8.2% | 14.9% | 18.4% | 42.7% | 46.2% | 38.3% | 33.9% |
| ROA (Net income/ Total Assets) | -5.45% | -9.45% | -12.8% | -15.3% | 8.6% | 5% | 5.79% | 6.75% |
| Assets 1 | 526 | 1,219 | 2,046 | 2,545 | -2,352 | -2,703 | -1,834 | -833.2 |
| Book Value Per Share 2 | 2.420 | 3.750 | 4.300 | 4.070 | - | 7.590 | 10.70 | 14.50 |
| Cash Flow per Share 2 | 0.4700 | 0.6100 | 1.490 | 2.280 | 3.190 | 3.940 | 5.040 | 6.570 |
| Capex 1 | 25.5 | 43.1 | 48.2 | 69.3 | 97.2 | 153 | 190 | 231 |
| Capex / Sales | 8.43% | 9.99% | 7.16% | 6.35% | 6.01% | 7.23% | 7.12% | 6.98% |
| Announcement Date | 9/10/19 | 9/9/20 | 9/9/21 | 9/8/22 | 9/5/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
43
Last Close Price
174.8
USD
Average target price
258.5
USD
Spread / Average Target
+47.88%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.09% | 26.2B | |
| +1.38% | 9.06B | |
| -25.68% | 714M | |
| -1.92% | 486M | |
| -9.71% | 443M | |
| -9.63% | 270M | |
| -28.88% | 206M | |
| -42.63% | 184M | |
| -6.34% | 159M | |
| -38.99% | 151M |
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- Financials Zscaler, Inc.
