Stock · TIMA.DE · Consumer Cyclical
Germany · Small Cap · Revenue 12 mo. €238.7M
Price as of 11/06/2026
ZEAL Network SE engages in the online lottery brokerage business in Germany.
ZEAL Network SE engages in the online lottery brokerage business in Germany. The company operates through three segments: Germany, ONCE, and ZEAL Ventures. The company's lottery products include LOTTO 6aus49, Spiel 77, Super 6, Eurojackpot, GlücksSpirale, Keno, lotterys clubs, instant lotteries, and Deutsche Fernsehlotterie, as well as charity lotteries, including freiheit+ and Traumhausverlosung. It also engages in the operation of portals, such as Lotto24 and Tipp24 online lottery brokerage business; operation of games; and online lottery operation for the national organizations, as well as invests in lottery-related start-ups. The company was formerly known as Tipp24 SE and changed its name to ZEAL Network SE in November 2014. ZEAL Network SE was founded in 1999 and is headquartered in Hamburg, Germany.
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Summary
59.1 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €60.9M (2025), it supports €676.7M. The remaining €169.5M of the market value assume it grows 3.2% a year for 10 years and not at all afterwards.
Required FCF growth per year
3.2%
no growth afterwards
Price to operating cash flow 12.4×, below its usual range.
Middle half of 19 quarters: 14.2× to 27.5×, median 23.8×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q1 → Q2 2026
3 more unchanged: EBIT margin, FCF margin, Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 18.10% | 11.07% | Rank 67 |
| Return on capital (Greenblatt) | 96.57% | 17.91% | Rank 94 |
| EBIT margin | 26.77% | 10.89% | Rank 91 |
| FCF margin | 27.88% | 8.07% | Rank 96 |
| Gross margin | 68.78% | 34.00% | Rank 89 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 16.08% | 5.10% | Rank 87 |
| Earnings growth, 3 years per year | 38.93% | 8.34% | Rank 86 |
| Earnings growth, 5 years per year | 39.30% | 15.10% | Rank 84 |
| Sustainable growth (ROE × retained earnings) | 0.44% | 4.34% | Rank 3 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 4.95% | 4.32% | Rank 59 |
| FCF yield | 7.20% | 4.17% | Rank 71 |
| EV/saleslower is better | 3.73 | 1.95 | Rank 24 |
| EV/EBITlower is better | 13.95 | 16.88 | Rank 63 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −28.84% | −4.35% | Rank 18 |
| Share price, 6 months | −20.03% | 3.63% | Rank 9 |
| Share price, 3 months | −2.93% | 2.92% | Rank 34 |
| Distance from 52-week high | −24.14% | −15.83% | Rank 31 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −5.27% | 0.39% | Rank 92 |
| Change in share countlower is better | −2.38% | −0.37% | Rank 71 |
| Dividend streak in years | 0 | 4 | Rank 12 |
| Price reaction to results, market-adjusted | −0.21% | 0.16% | Rank 46 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 50.74% | 40.59% | Rank 62 |
| Net debt/EBITDAlower is better | −0.45 | 0.99 | Rank 76 |
| Debt to equitylower is better | 0.38 | 0.49 | Rank 58 |
| Volatility, 1 yearlower is better | 26.41% | 33.42% | Rank 82 |
Ten years in figures
| Year | Revenue, €M | EBIT margin | FCF, €M | Shares | Net debt, €M |
|---|---|---|---|---|---|
| 2016 | 112.9 | 33.6% | 33.0 | 21.7M | −114.3 |
| 2017 | 134.3 | 18.8% | 11.7 | 21.7M | −116.1 |
| 2018 | 154.8 | 24.8% | 37.4 | 21.7M | −128.7 |
| 2019 | 113.5 | 12.6% | 5.2 | 21.7M | −67.9 |
| 2020 | 87.0 | 4.2% | 4.7 | 21.7M | −74.8 |
| 2021 | 83.6 | 22.8% | 25.8 | 21.7M | −74.3 |
| 2022 | 105.2 | 21.8% | 27.1 | 21.7M | −28.5 |
| 2023 | 116.1 | 20.4% | 25.1 | 21.7M | −30.0 |
| 2024 | 188.2 | 28.5% | 74.8 | 21.6M | −15.8 |
| 2025 | 218.5 | 26.8% | 60.9 | 21.1M | −30.5 |
6 of 7 StockScorer Score rules met · How the score is built
ZEAL Network SE mainly meets criteria in the Profitability category. Result from 18 strategies checked.
ZEAL Network SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
6 of 7 rules met
10 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for ZEAL Network SE.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 20.2 | 21.6 |
| P/B ratio | 3.7 | 2.4 |
| Return on equity (ROE) | 18.1% | 11.1% |
| Equity ratio | 50.7% | 40.6% |
| Debt-to-equity (D/E) | 0.38 | 0.49 |
| Dividend yield | 3.5% | 2.2% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| TIMA.DE | ZEAL Network SEthis page | |
| ENT.L | Entain PLC | locked |
| FLUT | Flutter Entertainment plc | locked |
| EVO.ST | Evolution AB (publ) | locked |
| ALL.AX | Aristocrat Leisure Ltd | locked |
| DOU.DE | Douglas AG | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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