Zicom Group Limited (ZGL.AX)

Zicom Group Limited (ZGL.AX) — VMCI valuation read

Zicom Group Limited sits at VMCI 65/100, with the Industrials sector median at 50. That 15-point spread is the first thing to note on ZGL.AX: it tells the reader the composite is favorable before any single ratio is examined, and the mid-cap tier sets the comparison set.

Form 4 disclosures on ZGL.AX are blank for the trailing 30 days. With the insider channel offline, the EV/EBITDA delta, free-cash-flow trajectory, and the next earnings print do the talking.

**Investor frame.** The Value read on ZGL.AX: ZGL.AX trades at 18.0x earnings, 0% above the Industrials median of 18.0x, with EV/EBITDA at 13.0x against 12.0x. The Quality read: ROIC of 8.0% trails the Industrials median (10.0%) by 2.0pp. The Risk read: net debt to EBITDA of -1.1x leaves covenant headroom, anchoring the bear scenario on a measurable balance-sheet metric.

ZGL.AX rose 3.6% over the trailing 7 days, with a +4.0% read on a 30-day basis.