Zabka Group (ZAB) Fair Value & Analysis
Consumer Defensive · PL · Market cap 27.8B PLN
Fair value as of: Jul 16, 2026
From 24 valuation models · updated 25 days ago
Fair value updated Jul 16, 2026, revised from 25.73 PLN to 25.91 PLN (+0.7%) since Jun 24, 2026. Share price +12.9% over the past month.
A solid business, but screening 18% overvalued on our models.
What matters now
- Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (17.73 PLN to 36.88 PLN) leaves room in how you read the outcome.
Price vs Fair Value (22 months)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.
How to read this chart
22‑month range 17.90 PLN – 33.83 PLN · fair‑value band 17.73 PLN – 36.88 PLN · the 31.49 PLN price screens above the 25.91 PLN fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 16, 2026.
Analysis
Zabka Group (ZAB) currently trades at 31.49 PLN, while our model-based Fair Value estimate is 25.91 PLN, implying the stock looks roughly 17.7% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Zabka Group generated revenue of 28.1B PLN at a net margin of 4.1%. Revenue grew 15.9% year over year. It earns a return on equity of 58.8%. Net debt stands at 3.1B PLN. Fundamentals as of Jul 16, 2026
Our scenario range runs from 17.73 PLN (bear case) to 36.88 PLN (bull case); at 31.49 PLN, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 59% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -31% fair-value upside, at -18%, ZAB screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 24 models by family
Widest divergence: DCF Models (46.15 PLN) versus Asset-Based (1.67 PLN). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 81
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Zabka Group S.A. operates as an ultimate convenience ecosystem in Poland. The company operates convenience retail stores and Zabka Nano Stores, an autonomous store.
Full company description
Zabka Group S.A. operates as an ultimate convenience ecosystem in Poland. The company operates convenience retail stores and Zabka Nano Stores, an autonomous store. It also provides digital offering solutions, including Maczfit, a direct-to-consumer (D2C) meal solution; Dietly, an online D2C meal solutions marketplace.; and eGrocery and e-commerce services under the Zappka, delio and Zabka Jush brands. In addition, the company franchises retail stores; and engages in the IT consultancy related activities, real estate construction, warehousing and storage of goods, rental and management of own or leased real estate, and sale of merchandise. Further, it is involved in the retail sale of tobacco products in specialised stores; production and distribution of ready meals; software related activities connected with catering platform; transport of goods; distribution of FMCG products; and other activities supporting financial services. It sells its products through physical convenience stores and online. The company was founded in 1998 and is headquartered in Luxembourg, Luxembourg.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Zabka Group reported revenue of 27.2B PLN in FY2025 versus 12.5B PLN in FY2021, a compound +21.4%/yr. Reported net income was 1.1B PLN in FY2025, compounding +22.6%/yr from FY2021.
ZAB screens 18% overvalued. Compare with Loblaw Companies Limited →
Peer Group
Grocery Stores · 83 stocks
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.
Valuation Multiples vs Grocery Stores median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Grocery Stores stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Loblaw Companies Limited L | C$65.49 | C$44.44 | -32% |
| Koninklijke Ahold Delhaize N.V AD | €36.30 | €53.50 | +47% |
| The Kroger Co KR | $58.82 | $28.19 | -52% |
| Woolworths Group WOW | A$39.20 | A$13.40 | -66% |
| George Weston Limited WN | C$100.98 | C$63.61 | -37% |
| Coles Group COL | A$23.56 | A$15.86 | -33% |
| Metro Inc MRU | C$93.64 | C$94.01 | +0% |
| Carrefour SA CA | €16.40 | €11.51 | -30% |
| CP ALL Public Company TCPD | 1.89 SGD | 2.36 SGD | +25% |
| BIM Birlesik Magazalar A.S., BIMAS | 385.75 TRY | 267.12 TRY | -31% |
Compare Zabka Group with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Consumer Defensive stocks →
Frequently asked questions
Is Zabka Group (ZAB) overvalued or undervalued?
What is the fair value of ZAB?
What is the quality score of ZAB?
What is the revenue of Zabka Group (ZAB)?
What is the net profit margin of ZAB?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
Track Zabka Group and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.