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Zalaris ASAOB:ZAL Stock Report

Market Cap NOK 2.1b
Share Price
NOK 94.40
My Fair Value
NOK 97.5
3.2% undervalued intrinsic discount
1Y32.2%
7D7.8%
Portfolio Value
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Zalaris ASA

OB:ZAL Stock Report

Market Cap: NOK 2.1b

Zalaris (ZAL) Stock Overview

Provides full-service outsourced personnel and payroll services. More details

ZAL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance5/6
Financial Health5/6
Dividends0/6

Rewards

Trading at 56.2% below our estimate of its fair value

Earnings are forecast to grow 56.48% per year

Earnings grew by 84.6% over the past year

Risk Analysis

Has a high level of debt


ZAL Community Fair Values

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See what others think this stock is worth. Follow their fair value or set your own to get alerts.

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Zalaris ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for Zalaris
Historical stock prices
Current Share PriceNOK 94.40
52 Week HighNOK 95.40
52 Week LowNOK 65.20
Beta0.82
1 Month Change16.83%
3 Month Change25.53%
1 Year Change32.21%
3 Year Change254.89%
5 Year Change119.53%
Change since IPO277.60%

Recent News & Updates

Zalaris' (OB:ZAL) Performance Is Even Better Than Its Earnings Suggest

Sep 07
Zalaris' (OB:ZAL) Performance Is Even Better Than Its Earnings Suggest

Recent updates

Zalaris' (OB:ZAL) Performance Is Even Better Than Its Earnings Suggest

Sep 07
Zalaris' (OB:ZAL) Performance Is Even Better Than Its Earnings Suggest

Shareholders Will Be Pleased With The Quality of Zalaris' (OB:ZAL) Earnings

Mar 08
Shareholders Will Be Pleased With The Quality of Zalaris' (OB:ZAL) Earnings

Zalaris (OB:ZAL) Is Experiencing Growth In Returns On Capital

Feb 22
Zalaris (OB:ZAL) Is Experiencing Growth In Returns On Capital

This Is Why Zalaris ASA's (OB:ZAL) CEO Compensation Looks Appropriate

Jun 12
This Is Why Zalaris ASA's (OB:ZAL) CEO Compensation Looks Appropriate

Zalaris' (OB:ZAL) Earnings Are Of Questionable Quality

May 21
Zalaris' (OB:ZAL) Earnings Are Of Questionable Quality

A Piece Of The Puzzle Missing From Zalaris ASA's (OB:ZAL) 28% Share Price Climb

Mar 08
A Piece Of The Puzzle Missing From Zalaris ASA's (OB:ZAL) 28% Share Price Climb

Zalaris (OB:ZAL) Hasn't Managed To Accelerate Its Returns

Feb 28
Zalaris (OB:ZAL) Hasn't Managed To Accelerate Its Returns

Market Might Still Lack Some Conviction On Zalaris ASA (OB:ZAL) Even After 28% Share Price Boost

Jan 04
Market Might Still Lack Some Conviction On Zalaris ASA (OB:ZAL) Even After 28% Share Price Boost

Zalaris (OB:ZAL) Has A Somewhat Strained Balance Sheet

Oct 09
Zalaris (OB:ZAL) Has A Somewhat Strained Balance Sheet

Is Zalaris (OB:ZAL) Using Too Much Debt?

Jan 25
Is Zalaris (OB:ZAL) Using Too Much Debt?

Is Zalaris (OB:ZAL) A Risky Investment?

Oct 06
Is Zalaris (OB:ZAL) A Risky Investment?

Zalaris (OB:ZAL) Will Want To Turn Around Its Return Trends

Aug 26
Zalaris (OB:ZAL) Will Want To Turn Around Its Return Trends

Zalaris (OB:ZAL) Takes On Some Risk With Its Use Of Debt

May 03
Zalaris (OB:ZAL) Takes On Some Risk With Its Use Of Debt

Some Investors May Be Worried About Zalaris' (OB:ZAL) Returns On Capital

Feb 25
Some Investors May Be Worried About Zalaris' (OB:ZAL) Returns On Capital

We Think Zalaris (OB:ZAL) Can Stay On Top Of Its Debt

Nov 11
We Think Zalaris (OB:ZAL) Can Stay On Top Of Its Debt

Zalaris' (OB:ZAL) Profits Appear To Have Quality Issues

Sep 01
Zalaris' (OB:ZAL) Profits Appear To Have Quality Issues

Zalaris (OB:ZAL) May Have Issues Allocating Its Capital

May 18
Zalaris (OB:ZAL) May Have Issues Allocating Its Capital

Here's Why Zalaris (OB:ZAL) Can Manage Its Debt Responsibly

Apr 06
Here's Why Zalaris (OB:ZAL) Can Manage Its Debt Responsibly

Are Dividend Investors Getting More Than They Bargained For With Zalaris ASA's (OB:ZAL) Dividend?

Mar 16
Are Dividend Investors Getting More Than They Bargained For With Zalaris ASA's (OB:ZAL) Dividend?

The Zalaris (OB:ZAL) Share Price Is Up 89% And Shareholders Are Holding On

Feb 23
The Zalaris (OB:ZAL) Share Price Is Up 89% And Shareholders Are Holding On

Erik Langaker Is The Director of Zalaris ASA (OB:ZAL) And They Just Picked Up 1.1% More Shares

Jan 28
Erik Langaker Is The Director of Zalaris ASA (OB:ZAL) And They Just Picked Up 1.1% More Shares

Have Insiders Been Buying Zalaris ASA (OB:ZAL) Shares This Year?

Jan 14
Have Insiders Been Buying Zalaris ASA (OB:ZAL) Shares This Year?

We Think Zalaris (OB:ZAL) Is Taking Some Risk With Its Debt

Dec 22
We Think Zalaris (OB:ZAL) Is Taking Some Risk With Its Debt

What Can We Learn About Zalaris' (OB:ZAL) CEO Compensation?

Nov 30
What Can We Learn About Zalaris' (OB:ZAL) CEO Compensation?

Shareholder Returns

ZALNO Professional ServicesNO Market
7D7.8%2.9%1.2%
1Y32.2%-10.0%6.0%

Return vs Industry: ZAL exceeded the Norwegian Professional Services industry which returned -9.8% over the past year.

Return vs Market: ZAL exceeded the Norwegian Market which returned 5.9% over the past year.

Price Volatility

Is ZAL's price volatile compared to industry and market?
ZAL volatility
ZAL Average Weekly Movement3.5%
Professional Services Industry Average Movement4.4%
Market Average Movement4.5%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.4%

Stable Share Price: ZAL has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: ZAL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,055Hans-Petter Mellerudzalaris.com

Zalaris ASA, together with its subsidiaries, provides full-service outsourced personnel and payroll services. It operates through two segments, Managed Services and Zalaris Consulting. The Managed Services segment offers a range of payroll and human resource (HR) outsourcing services, including payroll processing, time and attendance, travel expenses; and cloud-based HR functionality services, such as talent management, digital personnel archive, HR analytics, and mobile solutions, etc. Its Zalaris Consulting segment engages in the implementation of SAP HCM and Payroll, and SuccessFactors; and provision of AMO services, which assists customers with maintenance and support of on-premises SAP solutions.

Zalaris ASA Fundamentals Summary

How do Zalaris's earnings and revenue compare to its market cap?
ZAL fundamental statistics
Market capNOK 2.05b
Earnings (TTM)NOK 75.71m
Revenue (TTM)NOK 1.47b
27.1x
P/E Ratio
1.4x
P/S Ratio

Is ZAL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ZAL income statement (TTM)
RevenueNOK 1.47b
Cost of RevenueNOK 799.68m
Gross ProfitNOK 671.96m
Other ExpensesNOK 596.25m
EarningsNOK 75.71m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)3.48
Gross Margin45.66%
Net Profit Margin5.14%
Debt/Equity Ratio175.1%

How did ZAL perform over the long term?

See historical performance and comparison

Dividends

1.0%
Current Dividend Yield
26%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/27 09:55
End of Day Share Price 2025/10/27 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Zalaris ASA is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Katherine ThompsonEdison Investment Research
Milo BussellEdison Investment Research
Erik Aspen FossaNordea Markets