Zalando SE (ZAL.DE)

Zalando SE (ZAL.DE) — VMCI valuation read

ZAL.DE screens at VMCI 56/100, a 6-point gap above the Consumer Cyclical sector median (50). For a mid-cap Zalando SE share, that placement says the multi-pillar composite is cheaper or higher quality than the typical peer on a like-for-like basis.

ZAL.DE has logged no Form 4 insider activity over the trailing 30 days. The tape reads neither bullish nor bearish on insider conviction. The next signal sits with the 10-Q schedule and the analyst calendar.

**Investor frame.** Value: ZAL.DE trades at 14.0x earnings, 22% below the Consumer Cyclical median of 18.0x, while EV/EBITDA prints 9.0x against 12.0x for the Consumer Cyclical group. Quality: ROIC of 12.0% sits 2.0pp above the Consumer Cyclical median (10.0%), the cleanest like-for-like comparison on capital efficiency. Risk: net debt to EBITDA of 0.7x leaves covenant headroom, which sets the rate-cycle exposure for Zalando SE.

ZAL.DE fell 2.9% over the trailing 7 days, with a -6.8% read on a 30-day basis.