Zalando SEWAR:ZAL 68 FCF Margin % is -16.95% as of Mar. 2026. GuruFocus rates WAR:ZAL with a GF Score™ of 68/100 and a GF Value™ of zł127.91 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,125 Retail - Cyclical companies, Zalando SE ranks better than 56.89% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Zalando SE's Free Cash Flow for the
three
months ended in Mar. 2026 was zł-2,158 Mil. Zalando SE's Revenue for the
three
months ended in Mar. 2026 was zł12,728 Mil. Therefore, Zalando SE's FCF Margin % for the quarter that ended in Mar. 2026 was -16.95%.
The historical rank and industry rank for Zalando SE's FCF Margin % or its related term are showing as below:
WAR:ZAL'
s FCF Margin % Range Over the Past 10 Years
Min: -1.22 Med: 2.67 Max: 7.32
Current: 4.48
During the past 13 years, the highest FCF Margin % of Zalando SE was 7.32%. The lowest was -1.22%. And the median was 2.67%.
WAR:ZAL's FCF Margin % is ranked better than 56.89% of 1125
companies
in the Retail - Cyclical industry
Industry Median: 3.02
vs WAR:ZAL: 4.48
Zalando SE FCF Margin % Related Terms
Zalando SE FCF Margin % Historical Data
* Premium members only.
The historical data trend for Zalando SE's FCF Margin % 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.
WAR:ZAL vs AMZN, BABA, PDD: FCF Margin % Comparison
For the Internet Retail subindustry, Zalando SE's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Zalando SE FCF Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zalando SE's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Zalando SE's FCF Margin % falls into.
* 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.
Zalando SE (WAR:ZAL) has a FCF Margin % of -16.95% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Zalando SE and its competitors. According to the industry distribution chart, Zalando SE ranks #485 out of 1125 companies in the Retail - Cyclical industry, placing it in the top 43.1%.
Is Zalando SE's FCF Margin % too high?
Zalando SE's current FCF Margin % is -16.95%. Based on the distribution chart, Zalando SE ranks #485 out of 1125 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Zalando SE has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zalando SE's FCF Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Zalando SE ranks #485 out of 1125 companies for FCF Margin %. This puts Zalando SE in the upper half of its industry. The industry median FCF Margin % is 3.02. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Retail - Cyclical company?
The median FCF Margin % among Retail - Cyclical companies is 3.02, based on 1,125 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Zalando SE and its competitors. For the Retail - Cyclical industry, the median FCF Margin % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalando SE's current FCF Margin % is -16.95%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalando SE stock overvalued right now?
Based on GuruFocus' analysis, Zalando SE (WAR:ZAL) is currently considered Modestly Undervalued. The stock's GF Value™ is zł127.91, compared to a current price of zł103.40 — trading 19.2% below its estimated fair value. The current FCF Margin % is -16.95%. Zalando SE's overall GF Score™ is 68/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Zalando SE (WAR:ZAL), the current FCF Margin % is -16.95% 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 Zalando SE (WAR:ZAL) Overvalued in 2026?
Based on GuruFocus' analysis, Zalando SE stock appears to be undervalued.
The current stock price of zł103.40 is trading 19.2% below its estimated GF Value™ of zł127.91.
GuruFocus considers Zalando SE to be Modestly Undervalued.
Key valuation signals for WAR:ZAL:
FCF Margin %: -16.95%
GF Value™: zł127.91 vs. price of zł103.40 (19.2% below fair value)
No single metric tells the full story. See the WAR:ZAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zalando, founded in 2008, is Europe's biggest pure-play online fashion platform. Zalando is present in 25 European countries, and its major market is the DACH region, comprising Germany, Austria, and Switzerland. After the About You acquisition, it has 17 fulfillment centers, offers over 7,000 brands, and as of September 2025, had 62 million active users (more than 10% of the population in countries where the firm has a presence).
68GF Score
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