Zinzino AB Series B (ZZ-B) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Zinzino AB Series B stock SEK 300, price SEK 136, upside +120.6%, quality 65 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with oneYes, for free
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 2, 2026.
How to read this chart
60‑month range kr 21.66 – kr 276.35 · fair‑value band kr 175.74 – kr 404.65 · the kr 136.10 price screens below the kr 300.18 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 2, 2026.
Follow Zinzino AB Series B in your weekly email
Every Wednesday you see whether Zinzino AB Series B is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Zinzino AB (publ), a direct sales company, provides dietary supplements and skincare products in Sweden and internationally. The company operates through two segments, Zinzino and Faun. It offers skincare products including cleansers, face creams, serums, and masks.
Show moreShow less
The company provides coffee, coffee machines, accessories, and cups; immune, omega, and restored supplements; weight management products; gut health supplements; and home health test products. It also sells its products online. The company was founded in 2005 and is based in Västra Frölunda, Sweden.
Stock analysis
Zinzino AB Series B (ZZ-B) currently trades at kr 136.10, while our model-based Fair Value estimate is kr 300.18, implying the stock looks roughly 54.7% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of kr 311.27 per share, and 17 of the 26 models we run sit above the kr 136.10 price.
Bear case: the Dividend Discount group reads lowest at kr 52.83, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: kr 175.74 (bear) to kr 404.65 (bull), the price of kr 136.10 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 65/100 (solid quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Zinzino AB Series B reported revenue of 3.2B SEK in FY2025 versus 1.4B SEK in FY2021, a compound +23.3%/yr. Reported net income was 324M SEK in FY2025, compounding +39.3%/yr from FY2021.
Key figures
Market cap 5.3B SEK (≈ $540M) Small · P/E ratio 12.6 · P/S ratio 1.44 · EPS (TTM) kr 11.01 · Dividend yield 4.4% · Net margin 11.5% · Return on equity 55.5% · Return on assets (EBIT) 15.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 77 out of 100 (medium confidence).
What moves the price
The share trades about 18% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at 121%, ZZ-B screens cheaper than that median.
Fair Value models
Bearkr 175.74Fair Value kr 300.18Bullkr 404.65
Price kr 136.10 · Upside +120.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (kr 4.20 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+43.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.7%
Start year 2020 (pandemic). Over 10 years: +21.7% a year
Revenue growth 16 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.6%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+40.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+35.7%
Dividend (yield on the price)4.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.35.7% vs 42.1%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 8%
2025 sits 88% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.3%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Sweden: IMF forecast 2.0% a year to 2030, 2.9% from 2016 to 2025) that is about −5.2% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Packaged Foods · 625 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+120.6% · Top 25%
Profitability
Return on equity (12 months)55.5% · Top 25%
Return on assets18.5% · Top 25%
Net margin (12 months)11.5% · Top 25%
Operating margin (12 months)14.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)17.9% · Top 25%
Dividend yield (12 months)4.4% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Packaged Foods median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Zinzino AB Series B Fair Value". https://www.fairvalue-calculator.com/stock/ZZ-B
Frequently asked questions
Is Zinzino AB Series B (ZZ-B) overvalued or undervalued?
As of Nov 2, 2026, our model estimates a fair value of kr 300.18 versus a price of kr 136.10, about +121% upside (undervalued).
What is the fair value of ZZ-B?
Our model-based fair value for Zinzino AB Series B is kr 300.18 (as of Nov 2, 2026), built from audited fundamentals. The current price: kr 136.10.
What is the quality score of ZZ-B?
Zinzino AB Series B has a Quality Score of 65/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Zinzino AB Series B (ZZ-B)?
Our model-based price target is the fair value of kr 300.18 (as of Nov 2, 2026) from 26 valuation models. Cautious scenario kr 175.74, optimistic scenario kr 404.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Zinzino AB Series B stock forecast for 2026?
Our models put fair value at kr 300.18, about +121% upside versus a price of kr 136.10 (undervalued). Cautious scenario kr 175.74, optimistic scenario kr 404.65. The calculation is refreshed regularly with new filings.
What is the revenue of Zinzino AB Series B (ZZ-B)?
Zinzino AB Series B reported trailing-twelve-month revenue of about 3.7B SEK (latest available figure, as of Nov 2, 2026).
Does Zinzino AB Series B pay a dividend?
Zinzino AB Series B currently shows a dividend yield of 4.41% relative to its recent price (as of Nov 2, 2026).
What growth is priced into Zinzino AB Series B (ZZ-B)?
For today's price to be fair in a discounted-cash-flow model, Zinzino AB Series B would have to grow free cash flow by -3.3 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.7 % per year. As of Nov 2, 2026.
What discount rate (WACC) does the fair value of ZZ-B use?
Our models discount Zinzino AB Series B at 11.1 %: a base by market capitalisation (small), damped by beta 1.04, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Zinzino AB Series B that is -3.3 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has Zinzino AB Series B (ZZ-B) delivered so far?
Over the past 5 years revenue at Zinzino AB Series B grew +22.7 % a year. The price currently implies -3.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Zinzino AB Series B (ZZ-B) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Zinzino AB Series B (-3.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Zinzino AB Series B (ZZ-B)?
The free-cash-flow yield on the price is 10.12 %: that much free cash flow Zinzino AB Series B produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Zinzino AB Series B (ZZ-B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zinzino AB Series B it is kr 300.18 per share (as of Nov 2, 2026), against a price of kr 136.10. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Zinzino AB Series B stock overvalued or undervalued in 2026?
As of Nov 2, 2026, ZZ-B trades below its calculated fair value: price kr 136.10, fair value kr 300.18, a gap of about +121% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ZZ-B?
No. The price is what the market pays today (kr 136.10); the fair value is what the company's own numbers justify (kr 300.18). For Zinzino AB Series B the two are kr 164.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zinzino AB Series B worth?
The market values Zinzino AB Series B at about 5.3B SEK (market capitalisation, as of Nov 2, 2026). Per share that is kr 136.10; our models calculate a fair value of kr 300.18 per share.
What do the bullish and bearish scenarios say about ZZ-B?
Our models span a range for Zinzino AB Series B: cautious scenario kr 175.74, base kr 300.18, optimistic kr 404.65 per share (as of Nov 2, 2026, price kr 136.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZZ-B?
Zinzino AB Series B trades at a price-to-earnings ratio of 12.6 (as of Nov 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 300.18 is built from several models across several years. Other multiples: P/B 7.5, P/S 1.4, EV/EBITDA 8.1.
How solid is the balance sheet of Zinzino AB Series B (ZZ-B)?
Balance-sheet figures for Zinzino AB Series B (as of Nov 2, 2026): return on equity 55.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is ZZ-B from its 52-week high?
Zinzino AB Series B trades at kr 136.10, about 18% below its 52-week high of kr 165.81 and 26% above the low of kr 107.85 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of kr 300.18 is for.
Which stocks are comparable to Zinzino AB Series B?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Zinzino AB Series B stock attractive at the current price?
The data as of Nov 2, 2026: price kr 136.10, calculated fair value kr 300.18 (+121%), Quality Score 65/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ZZ-B calculated?
We run Zinzino AB Series B through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 300.18, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. Zinzino AB Series B currently trades 55 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Zinzino AB Series B (ZZ-B)?
The closing price on Oct 30, 2026 was kr 136.10. Our model-based fair value is kr 300.18, about +121% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zinzino AB Series B right now?
The price is below even our cautious bear case (kr 175.74). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (kr 175.74 to kr 404.65) leaves room in how you read the outcome.
Where does the earnings growth of Zinzino AB Series B (ZZ-B) come from?
Earnings per share at Zinzino AB Series B grew +32.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +19.5 %, EBIT margin +8.4 %, tax rate −3.3 %, residual (interest, one-offs) +5.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Zinzino AB Series B
How large is the market capitalisation of Zinzino AB Series B (ZZ-B)?
The market capitalisation of Zinzino AB Series B is 5.3B SEK (≈ $540M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Zinzino AB Series B (ZZ-B)?
The price-to-sales ratio of Zinzino AB Series B is 1.44 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Zinzino AB Series B (ZZ-B)?
Earnings per share at Zinzino AB Series B are kr 11.01 (price ÷ EPS = P/E 12.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zinzino AB Series B (ZZ-B)?
The dividend yield of Zinzino AB Series B is 4.4% (payout 54.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Zinzino AB Series B (ZZ-B)?
The net margin of Zinzino AB Series B is 11.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zinzino AB Series B (ZZ-B)?
The return on equity (ROE) of Zinzino AB Series B is 55.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Zinzino AB Series B (ZZ-B)?
On an EBIT basis the return on assets of Zinzino AB Series B is 15.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Zinzino AB Series B (ZZ-B)?
The operating margin of Zinzino AB Series B is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zinzino AB Series B (ZZ-B)?
Revenue at Zinzino AB Series B is growing +17.9% versus a year earlier (3y avg +30.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Zinzino AB Series B (ZZ-B)?
Earnings per share at Zinzino AB Series B are growing +79.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Zinzino AB Series B (ZZ-B) hold?
Zinzino AB Series B holds more cash than debt, 729M SEK net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Zinzino AB Series B in the live analysis
One click puts Zinzino AB Series B on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 2, 2026