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Zegona Communications plc (ZEGLF) Fair Value & Analysis

Communication Services · US · Market cap $4.8B

ZC Zegona Communications plc logo Zegona Communications plc ZEGLF · US
Price$20.34
Fair Value$4.42
Upside-78.3%
Quality39/100
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Loss-making · -5.2% net margin
negative free cash flow
Trails peers (2/11)
Narrow moat 28/100
Evidence: Low Range $2.92 – $5.53 Share as image

Fair value as of: Jul 25, 2026

From 1 valuation models · updated 16 days ago

Share price +7.0% over the past month.

Below-average quality, and screening another 78% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($5.53). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range ($2.92 to $5.53) leaves room in how you read the outcome.
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Price vs Fair Value (17 months)

$24.89 $6.35 Fair Value $4.42 Mar 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 25, 2026.

How to read this chart

17‑month range $6.35 – $24.89 · fair‑value band $2.92 – $5.53 · the $20.34 price screens above the $4.42 fair value. Dashed = 300-day average. As of Jul 25, 2026.

Full chart & analysis →

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Analysis

Zegona Communications plc (ZEGLF) currently trades at $20.34, while our model-based Fair Value estimate is $4.42, implying the stock looks roughly 78.3% overvalued today. The Quality Score stands at 39/100 (below-average 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: low).

Over the trailing twelve months, Zegona Communications plc generated revenue of $3.6B at a net margin of -5.2%. Revenue grew 48.6% year over year. Fundamentals as of Jul 25, 2026

Our scenario range runs from $2.92 (bear case) to $5.53 (bull case); at $20.34, the current price sits above 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 about 18% below its 52-week high and 140% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 32% fair-value upside, at -78%, ZEGLF screens richer 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.

Model BearBaseBull Evidence
Highest evidence
NCAV (Graham) $2.62 $3.51 $5.24 50
All 1 models by family
Asset-Based
NCAV (Graham) $2.62 $3.51 $5.24 50

Key figures & financial health

Revenue (TTM) $3.6B
Revenue growth (YoY) +48.6%
Net margin -5.2%
Free cash flow −$3.9M FY2024
Operating margin 10.0%
EPS (TTM) $-0.3400

Figures from reported company fundamentals · as of Jul 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 43 · Market factors (momentum, volatility) 49

Profitability 9
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Low Volatility 10
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 86
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2024 · reported fiscal years

Zegona Communications plc reported revenue of $0 in FY2024 versus $0 in FY2022. Reported net income was −$15.6M in FY2024.

Revenue
FY22 $0
FY23 $0
FY24 $0
Net income
FY22 $79.9M
FY23 −$3.3M
FY24 −$15.6M

ZEGLF screens 78% overvalued. Compare with China Mobile Limited →

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Cite: Fair Value Calculator (2026). "Zegona Communications plc Fair Value". https://www.fairvalue-calculator.com/stock/ZEGLF

Peer Group

Telecom Services · 252 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.

Quality Score 43 · Bottom 25%
Fair Value upside −78% · Bottom 25%
Return on assets 3% · Below median
Net margin (TTM) -5% · Bottom 25%
Operating margin (TTM) 10% · Below median
Revenue growth 49% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Telecom Services median · lower = cheaper

P/B 4.07× · Pricier than 75% of peers
P/S (TTM) 1.33× · Pricier than median
EV/EBITDA 3.8× · Cheaper than 75% of peers

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.

VALUE 0 · sector 30
FUTURE 100 · sector 15
PAST 0 · sector 28
HEALTH 0 · sector 89
DIVIDEND 0 · sector 72

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Telecom Services stocks, each showing price versus our Fair Value estimate (as of Jul 25, 2026).

Stock Price Fair Value vs Fair Value
China Mobile Limited 600941 ¥89.98 ¥109.88 +22%
T-Mobile US, Inc TMUS $187.61 $172.67 -8%
Bharti Airtel Limited BHARTIARTL ₹1,922 ₹941.55 -51%
China Telecom Corporation 601728 ¥6.01 ¥8.36 +39%
América Móvil, S.A. AMXB 23.07 MXN 30.35 MXN +32%
Vodafone Group VODN 259.50 MXN 507.27 MXN +95%
Advanced Info Service Public Company ADVANC 379.00 THB 286.77 THB -24%
Chunghwa Telecom Co 2412 133.50 TWD 100.00 TWD -25%
China Unicom (Hong Kong) Limited 0762 HK$6.50 HK$13.03 +100%
Telefónica, S.A TEFN 75.67 MXN 111.01 MXN +47%

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Frequently asked questions

Is Zegona Communications plc (ZEGLF) overvalued or undervalued?
As of Jul 25, 2026, our model estimates a fair value of $4.42 versus a price of $20.34, about −78% (overvalued).
What is the fair value of ZEGLF?
Our model-based fair value for Zegona Communications plc is $4.42 (as of Jul 25, 2026), built from audited fundamentals. The current price is $20.34.
What is the quality score of ZEGLF?
Zegona Communications plc has a Quality Score of 39/100. 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 revenue of Zegona Communications plc (ZEGLF)?
Zegona Communications plc reported trailing-twelve-month revenue of about $3.6B (latest available figure, as of Jul 25, 2026).
What is the net profit margin of ZEGLF?
The net profit margin of Zegona Communications plc is about -5.2%, 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.

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