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Zinc Media Group (ZIN) Fair Value & Analysis

Communication Services · GB · Market cap 17.2M GBX

ZM Zinc Media Group ZIN · LSE
Price£0.5750
Fair Value£0.1200
Upside-79.1%
Quality41/100
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Mixed Growth
Loss-making · -6.2% net margin
High debt · negative free cash flow
Trails peers (3/11)
Narrow moat 18/100
Evidence: Low Range £0.0800 – £0.1500 Share as image

Fair value as of: Jul 20, 2026

From 6 valuation models · updated 21 days ago

Fair value updated Jul 20, 2026, revised from £0.1400 to £0.1200 (−14.3%) since Jun 24, 2026.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (£0.1500). The favourable scenario is already priced in.
  • Weak quality (41/100) 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 (£0.0800 to £0.1500) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

£1.68 £0.4100 Fair Value £0.1200 Aug 2019 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 20, 2026.

How to read this chart

60‑month range £0.4100 – £1.68 · fair‑value band £0.0800 – £0.1500 · the £0.5750 price screens above the £0.1200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 20, 2026.

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Analysis

Zinc Media Group (ZIN) currently trades at £0.5750, while our model-based Fair Value estimate is £0.1200, implying the stock looks roughly 79.1% overvalued today. The Quality Score stands at 41/100 (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, Zinc Media Group generated revenue of £41.5M at a net margin of -6.2%. Revenue declined 2.4% year over year. Fundamentals as of Jul 20, 2026

Our scenario range runs from £0.0800 (bear case) to £0.1500 (bull case); at £0.5750, 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. For context, the median of 10 Communication Services peers we cover trades at -52% fair-value upside, at -79%, ZIN 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (£0.0300 to £0.7300). Read the values as a conservative anchor, not as a price target.
Model 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. Evidence
Highest evidence
ROIC Compounder £0.0600 £0.0700 £0.0700 72
EPV £0.0500 £0.0600 £0.0700 59
EV/EBITDA £0.5500 £0.7300 £0.9100 54
All 6 models by family
Earnings-Based
EPV £0.0500 £0.0600 £0.0700 59
Multiples
EV/EBIT £0.1000 £0.1300 £0.1700 53
EV/EBITDA £0.5500 £0.7300 £0.9100 54
EV/Revenue £0.0800 £0.1100 £0.1400 43
Asset-Based
NCAV (Graham) £0.0200 £0.0300 £0.0400 50
Economic Profit
ROIC Compounder £0.0600 £0.0700 £0.0700 72

Widest divergence: Multiples (£0.1300) versus Asset-Based (£0.0300). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) 41.5M GBX
Revenue growth (YoY) -2.4%
Net margin -6.2%
Return on equity -109%
Free cash flow −1.4M GBX FY2025
Operating margin 3.1%
More key figures
EPS (TTM) £-0.1000
Net debt 530K GBX FY2025

Figures from reported company fundamentals · as of Jul 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 39 · Market factors (momentum, volatility) 60

Profitability 40
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 35
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

Zinc Media Group plc, together with its subsidiaries, produces television and cross-platform content in the United Kingdom and internationally. The company operates through Television and Content Production segments.

Full company description

Zinc Media Group plc, together with its subsidiaries, produces television and cross-platform content in the United Kingdom and internationally. The company operates through Television and Content Production segments. It is involved in the brand and corporate film production, as well as radio and podcast production activities; and provision of communications services. The company was formerly known as Ten Alps plc and changed its name to Zinc Media Group plc in November 2016. Zinc Media Group plc was incorporated in 1981 and is headquartered in London, the United Kingdom.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Zinc Media Group reported revenue of £41.5M in FY2025 versus £17.5M in FY2021, a compound +24.1%/yr. Reported net income was −£2.6M in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£41.5M
Latest YoY
+28.3%
Avg. growth/yr (3Y) 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.
+11.3%
Avg. growth/yr (5Y) 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.
+14.1%
Avg. growth/yr (39Y) 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.
+5.8%
Revenue +24.1%/yr
FY21 £17.5M
FY22 £30.1M
FY23 £40.2M
FY24 £32.3M
FY25 £41.5M
Net income
FY21 −£2.5M
FY22 −£2.3M
FY23 −£2.0M
FY24 −£3.5M
FY25 −£2.6M

ZIN screens 79% overvalued. Compare with Netflix, Inc →

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Cite: Fair Value Calculator (2026). "Zinc Media Group Fair Value". https://www.fairvalue-calculator.com/stock/ZIN

Peer Group

Entertainment · 265 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 41 · Below median
Fair Value upside −79% · Bottom 25%
Return on assets 1% · Above median
Net margin (TTM) -6% · Below median
Operating margin (TTM) 3% · Above median
Revenue growth -2% · Below median
Debt / equity 2.97× · Higher than 75% of peers

Valuation Multiples vs Entertainment median · lower = cheaper

P/B 19.93× · Pricier than 75% of peers
P/S (TTM) 0.56× · Cheaper than median
EV/EBITDA 17.9× · Pricier than median

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 Entertainment stocks, each showing price versus our Fair Value estimate (as of Jul 20, 2026).

Stock Price Fair Value vs Fair Value
Netflix, Inc ZNFL C$6.77 C$2.96 -56%
The Walt Disney Company DIS $96.30 $89.55 -7%
Warner Bros. Discovery, Inc WBD $26.87 $9.13 -66%
Live Nation Entertainment, Inc LYV $178.44 $46.89 -74%
Universal Music Group UMG €18.91 €14.78 -22%
TKO Group TKO $184.40 $22.16 -88%
Empresas Cablevisión, S.A. CABLECPO 55.00 MXN 60.49 MXN +10%
Beijing Enlight Media Co 300251 ¥11.77 ¥10.97 -7%
PT MNC Digital Entertainment Tbk, MSIN 456.00 IDR 221.09 IDR -52%
Prime Focus Limited PFOCUS ₹298.25 ₹63.45 -79%

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Frequently asked questions

Is Zinc Media Group (ZIN) overvalued or undervalued?
As of Jul 20, 2026, our model estimates a fair value of £0.1200 versus a price of £0.5750, about −79% (overvalued).
What is the fair value of ZIN?
Our model-based fair value for Zinc Media Group is £0.1200 (as of Jul 20, 2026), built from audited fundamentals. The current price is £0.5750.
What is the quality score of ZIN?
Zinc Media Group has a Quality Score of 41/100. 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 Zinc Media Group (ZIN)?
Zinc Media Group reported trailing-twelve-month revenue of about £41.5M (latest available figure, as of Jul 20, 2026).
What is the net profit margin of ZIN?
The net profit margin of Zinc Media Group is about -6.2%, 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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