ZEAL Network SE (STU:TIM) EBITDA per Share: €3.15 (TTM As of Mar. 2026)


STU:TIM ZEAL Network SE STU:TIM
87 GF Score
Price €44.30
GF Value €69.80
Valuation Significantly Undervalued
! 2 Warning Signs
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What is ZEAL Network SE EBITDA per Share?

ZEAL Network SE STU:TIM -0.67% 87 EBITDA per Share is €3.15 as of Mar. 2026. GuruFocus rates STU:TIM with a GF Score™ of 87/100 and a GF Value™ of €69.80 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 632 Travel & Leisure companies, ZEAL Network SE ranks better than 77.06% on this metric.

ZEAL Network SE's EBITDA per Share for the three months ended in Mar. 2026 was €0.73. Its EBITDA per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €3.15.

During the past 12 months, the average EBITDA per Share Growth Rate of ZEAL Network SE was -4.80% per year. During the past 3 years, the average EBITDA per Share Growth Rate was 31.20% per year. During the past 5 years, the average EBITDA per Share Growth Rate was 29.60% per year. During the past 10 years, the average EBITDA per Share Growth Rate was -5.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA per Share growth rate using EBITDA per Share data.

The historical rank and industry rank for ZEAL Network SE's EBITDA per Share or its related term are showing as below:

STU:TIM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -39.5   Med: 13.1   Max: 68.5
Current: 31.2

During the past 13 years, the highest 3-Year average EBITDA per Share Growth Rate of ZEAL Network SE was 68.50% per year. The lowest was -39.50% per year. And the median was 13.10% per year.

STU:TIM's 3-Year EBITDA Growth Rate is ranked better than
77.06% of 632 companies
in the Travel & Leisure industry
Industry Median: 9 vs STU:TIM: 31.20

ZEAL Network SE's EBITDA for the three months ended in Mar. 2026 was €15.5 Mil.

During the past 12 months, the average EBITDA Growth Rate of ZEAL Network SE was -4.40% per year. During the past 3 years, the average EBITDA Growth Rate was 28.80% per year. During the past 5 years, the average EBITDA Growth Rate was 28.10% per year. During the past 10 years, the average EBITDA Growth Rate was 6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EBITDA Growth Rate using EBITDA data.

During the past 13 years, the highest 3-Year average EBITDA Growth Rate of ZEAL Network SE was 68.10% per year. The lowest was -30.30% per year. And the median was 18.00% per year.


ZEAL Network SE  (STU:TIM) EBITDA per Share Explanation

EBITDA is a cash flow measure that ignores changes in working capital. EBITDA minus Depreciation, and Amortization (DA) equals EBIT. EBIT is profit before interest and taxes. Of course, Interest and taxes need to be paid.

While depreciation and amortization expenses do not need to be paid in cash, assets - especially tangible assets - do need to be replaced over time. EBITDA is not a measure of profit in any sense. EBITDA is a measure of cash generation by a business where the uses of that cash may be more or less discretionary depending on the nature of the business.

The EBITDA of a TV station is largely discretionary. Owners may use much of the EBITDA generated by a TV station as they see fit. The EBITDA of a railroad is largely non-discretionary. Owners must use much of the EBITDA generated by a railroad to replace the physical assets of the railroad or the business will literally fall apart over time.

EBITDA can be thought of as the cash a business generates that is available to:

Add more inventory
Add more receivables
Replace property, plant, and equipment
Add more property, plant, and equipment
Pay interest
Pay taxes
And finally: pay owners

EBITDA is widely used in financial analysis because Depreciation and Amortization are not present day cash expenses. Depreciation and amortization are the spreading out of the costs of assets over the time in which those assets provide benefits. Today's depreciation and amortization expenses relate to assets bought in the past. The assets being expensed may or may not need to be replaced in the future. And the cost to replace the assets may be more or less than it was in the past. For this reason, the depreciation and amortization expenses a company records in the present year may have no relationship to the actual cash costs needed to maintain its assets in future years.

A company's depreciation expense depends on both its expectations about the assets it owns and its choice of accounting methods. Two companies owning identical assets may have different depreciation expenses because they have different expectations about the useful lives of those assets and because they make different accounting choices.

Analysts use EBITDA to remove this element of personal choice from a company's accounting statements. The use of EBITDA is an attempt to make the results of different companies more comparable and uniform.


Be Aware

Although depreciation is not a cash cost, it is a real business cost because the company has to pay for the fixed assets when they purchase them. Both Warren Buffett and Charlie Munger hate the idea of EBITDA because in this calculation, depreciation is not counted as an expense.

EBITDA over Revenue is a good metric for comparing the operating efficiencies between companies because EBITDA is less vulnerable to companies' accounting choices. For this reason, EBITDA is used in ranking the Predictability of Companies.


ZEAL Network SE EBITDA per Share Related Terms


ZEAL Network SE EBITDA per Share Historical Data

* Premium members only.

The historical data trend for ZEAL Network SE's EBITDA per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ZEAL Network SE EBITDA per Share Chart

ZEAL Network SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.20 1.45 1.53 2.84 3.26

ZEAL Network SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.85 0.84 0.89 0.69 0.73
STU:TIM
87GF Score
ZEAL Network SE STU:TIM
EBITDA per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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ZEAL Network SE EBITDA per Share Calculation

EBITDA per Share is the amount of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per outstanding share of the company's stock.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.

ZEAL Network SE's EBITDA per Share for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA per Share(A: Dec. 2025 )
=EBITDA/Shares Outstanding (Diluted Average)
=68.87/21.098
=3.26

ZEAL Network SE's EBITDA per Share for the quarter that ended in Mar. 2026 is calculated as

EBITDA per Share(Q: Mar. 2026 )
=EBITDA/Shares Outstanding (Diluted Average)
=15.507/21.292
=0.73

EBITDA per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.15

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBITDA per Share →
What does a EBITDA per Share of €3.15 mean?
ZEAL Network SE (STU:TIM) has a EBITDA per Share of €3.15 as of Mar. 2026. EBITDA per share is the per-share amount of earnings before interest, taxes, depreciation and amortization. View historical data on ZEAL Network SE and its competitors. According to the industry distribution chart, ZEAL Network SE ranks #145 out of 632 companies in the Travel & Leisure industry, placing it in the top 22.9%.
Is ZEAL Network SE's EBITDA per Share too high?
ZEAL Network SE's current EBITDA per Share is €3.15. Based on the distribution chart, ZEAL Network SE ranks #145 out of 632 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, ZEAL Network SE has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's EBITDA per Share compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #145 out of 632 companies for EBITDA per Share. This places ZEAL Network SE in the top 23% of its industry — outperforming the majority of peers. The industry median EBITDA per Share is 9.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA per Share for a Travel & Leisure company?
The median EBITDA per Share among Travel & Leisure companies is 9.00, based on 632 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA per Share significantly above this median, while those in the bottom quartile fall well below. However, EBITDA per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA per Share mean?
A high EBITDA per Share can signal that a stock is expensive relative to its fundamentals. EBITDA per share is the per-share amount of earnings before interest, taxes, depreciation and amortization. View historical data on ZEAL Network SE and its competitors. For the Travel & Leisure industry, the median EBITDA per Share is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Network SE's current EBITDA per Share is €3.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
Based on GuruFocus' analysis, ZEAL Network SE (STU:TIM) is currently considered Significantly Undervalued. The stock's GF Value™ is €69.80, compared to a current price of €44.30 — trading 36.5% below its estimated fair value. The current EBITDA per Share is €3.15. ZEAL Network SE's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA per Share calculated?
EBITDA per Share is calculated from a company's financial statements. For ZEAL Network SE (STU:TIM), the current EBITDA per Share is €3.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ZEAL Network SE (STU:TIM) Overvalued in 2026?

Based on GuruFocus' analysis, ZEAL Network SE stock appears to be undervalued. The current stock price of €44.30 is trading 36.5% below its estimated GF Value™ of €69.80. GuruFocus considers ZEAL Network SE to be Significantly Undervalued.

Key valuation signals for STU:TIM:

  • EBITDA per Share: €3.15
  • GF Value™: €69.80 vs. price of €44.30 (36.5% below fair value)
  • GF Score™: 87/100 with 2 warning signs

No single metric tells the full story. See the STU:TIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZEAL Network SE Business Description

Address Strassenbahnring 11, Hamburg, NI, DEU, 20251
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
87GF Score

Get the complete analysis for STU:TIM

EBITDA per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€44.30
Price
€69.80
GF Value