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Zegona Communications plc (ZEG) Fair Value & Analysis

Communication Services · GB · Market cap 4.1B GBX

ZC Zegona Communications plc ZEG · LSE
Price£16.32
Fair Value£12.64
Upside-22.5%
Quality95/100
Evidence: Medium Range £9.48 – £20.53

Fair value as of: Jun 24, 2026

From 14 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from £40.16 to £12.64 (−68.5%) since Jun 23, 2026. Share price −9.8% over the past month.

Price vs Fair Value (12 months)

£18.25 £6.01 Fair Value £12.64 Jun 2025 Jun 2026

12‑month range £6.01 – £18.25 · fair‑value band £9.48 – £20.53 · the £16.32 price screens above the £12.64 fair value. As of Jun 24, 2026.

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Analysis

Zegona Communications plc (ZEG) currently trades at £16.32, while our model-based Fair Value estimate is £12.64 — implying the stock looks roughly 22.5% overvalued today. We read business quality at 95/100 (high quality), in the Communication Services 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: medium).

Over the trailing twelve months, Zegona Communications plc generated revenue of £3.0B at a net margin of -2.4%. Revenue grew 48.6% year over year. It earns a return on equity of -10.3%. Net debt stands at £4.8B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 3.0B GBX
Revenue growth (YoY) +48.6%
Net margin -2.4%
Return on equity -10.3%
Free cash flow 1.0B GBX FY2025
P/E ratio 179.4
More key figures
Operating margin 10.7%
EPS (TTM) £0.1000
EPS growth (YoY) +2,574%
Net debt 4.8B GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Zegona Communications plc provides integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets. The company was incorporated in 2015 and is based in London, the United Kingdom. Zegona Communications plc is a subsidiary of Ejlshm Funding Limited.

Revenue & earnings trend

FY2020 – FY2025 · reported fiscal years

Zegona Communications plc reported revenue of £2.4B in FY2025 versus £0 in FY2020. Reported net income was −£351M in FY2025.

Revenue
FY20 £0
FY21 £0
FY22 £0
FY23 £0
FY25 £2.4B
Net income
FY20 £14.0M
FY21 £79.9M
FY22 −£3.3M
FY23 −£15.6M
FY25 −£351M

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Similar stocks

6 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
SoftBank Group SFTBF $44.85 $68.21 +52%
China Mobile Limited 0941 HK$82.40 HK$80.23 -3%
T-Mobile US, Inc TM5 €160.06 €163.75 +2%
Verizon Communications Inc BAC €40.98 €35.28 -14%
AT&T Inc SOBA €21.19 €21.67 +2%
Deutsche Telekom AG DTE €28.63 €34.75 +21%

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Frequently asked questions

Is Zegona Communications plc (ZEG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £12.64 versus a price of £16.32 — about −23% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ZEG?
Our 21-model fair value for Zegona Communications plc is £12.64 (as of Jun 24, 2026), built from audited fundamentals. The current price is £16.32.
What is the quality score of ZEG?
Zegona Communications plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Zegona Communications plc (ZEG)?
Zegona Communications plc reported trailing-twelve-month revenue of about £3.0B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ZEG?
The net profit margin of Zegona Communications plc is about -2.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.