Zinzino AB (publ) (ZNZNF) fair value: what the stock is really worth
As of Sep 21, 2026: fair value of Zinzino AB (publ) $30.04, price $14.00, upside +114.6%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $0.5478 – $29.40 · fair‑value band $17.67 – $56.35 · the $14.00 price screens below the $30.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
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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. 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 (publ) (ZNZNF) currently trades at $14.00, while our model-based Fair Value estimate is $30.04, implying the stock looks roughly 53.4% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $298.40 per share, and 25 of the 26 models we run sit above the $14.00 price.
Bear case: the Asset-Based group reads lowest at $13.99, and 1 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: $17.67 (bear) to $56.35 (bull), the price of $14.00 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 70/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Zinzino AB (publ) reported revenue of 3.2B SEK in FY2025 versus 1.3B SEK in FY2021, a compound +25.3%/yr. Reported net income was 324M SEK in FY2025, compounding +39.4%/yr from FY2021.
Key figures
Market cap $525M · P/E ratio 14.2 · P/S ratio 1.45 · EPS (TTM) $1.02 · Net margin 10.2% · Return on equity 45.6% · Return on assets (EBIT) 60.6% · Revenue (TTM) $3.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 58 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −3% fair-value upside, at 115%, ZNZNF screens cheaper than that median.
Fair Value models
Bear $17.67Fair Value $30.04Bull $56.35
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.7489 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.Evidence ⓘEvidence = 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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+33.7%
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.
+24.2%
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%
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What shareholders gained per year (last 5 years) ⓘ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. Basis: EBIT basis.
≈ +17.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.4%
Dividend (yield on the price)0.0%
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.36% vs 42%, 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%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 348% above its own trend.
Price, fair value, quality and upside side by side.
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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 · 668 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+115% · Top 25%
Profitability
Return on equity (TTM)46% · Top 25%
Return on assets16% · Top 25%
Net margin (TTM)11% · Top 25%
Operating margin (TTM)0% · Bottom 25%
Growth and dividend
Revenue growth27% · Top 25%
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 (publ) Fair Value". https://www.fairvalue-calculator.com/stock/ZNZNF
Frequently asked questions
Is Zinzino AB (publ) (ZNZNF) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $30.04 versus a price of $14.00, about +115% upside (undervalued).
What is the fair value of ZNZNF?
Our model-based fair value for Zinzino AB (publ) is $30.04 (as of Sep 23, 2026), built from audited fundamentals. The current price: $14.00.
What is the quality score of ZNZNF?
Zinzino AB (publ) has a Quality Score of 70/100. 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 (publ) (ZNZNF)?
Our model-based price target is the fair value of $30.04 (as of Sep 23, 2026) from 26 valuation models. Cautious scenario $17.67, optimistic scenario $56.35. It is a calculation from audited fundamentals, not an analyst target.
What is the Zinzino AB (publ) stock forecast for 2026?
Our models put fair value at $30.04, about +115% upside versus a price of $14.00 (undervalued). Cautious scenario $17.67, optimistic scenario $56.35. The calculation is refreshed regularly with new filings.
What is the revenue of Zinzino AB (publ) (ZNZNF)?
Zinzino AB (publ) reported trailing-twelve-month revenue of about $3.0B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Zinzino AB (publ) (ZNZNF)?
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 (publ) it is $30.04 per share (as of Sep 23, 2026), against a price of $14.00. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Zinzino AB (publ) stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ZNZNF trades below its calculated fair value: price $14.00, fair value $30.04, a gap of about +115% (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 ZNZNF?
No. The price is what the market pays today ($14.00); the fair value is what the company's own numbers justify ($30.04). For Zinzino AB (publ) the two are $16.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zinzino AB (publ) worth?
The market values Zinzino AB (publ) at about $525M (market capitalisation, as of Sep 23, 2026). Per share that is $14.00; our models calculate a fair value of $30.04 per share.
What do the bullish and bearish scenarios say about ZNZNF?
Our models span a range for Zinzino AB (publ): cautious scenario $17.67, base $30.04, optimistic $56.35 per share (as of Sep 23, 2026, price $14.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZNZNF?
Zinzino AB (publ) trades at a price-to-earnings ratio of 14.2 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $30.04 is built from several models across several years.
How solid is the balance sheet of Zinzino AB (publ) (ZNZNF)?
Balance-sheet figures for Zinzino AB (publ) (as of Sep 23, 2026): return on equity 45.6%, debt of 0.01 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is ZNZNF from its 52-week high?
Zinzino AB (publ) trades at $14.00, about 24% below its 52-week high of $18.41 and 24% above the low of $11.26 (as of Sep 21, 2026). Distance from the high says nothing about value: that is what the fair value of $30.04 is for.
Which stocks are comparable to Zinzino AB (publ)?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, The Kraft Heinz Company, Foshan Haitian Flavouring and Food 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 (publ) stock attractive at the current price?
The data as of Sep 23, 2026: price $14.00, calculated fair value $30.04 (+115%), Quality Score 70/100, 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 ZNZNF calculated?
We run Zinzino AB (publ) 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 $30.04, 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 14.0 % above its aggregate fair value. Zinzino AB (publ) currently trades 115 % 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 (publ) (ZNZNF)?
The closing price on Sep 21, 2026 was $14.00. Our model-based fair value is $30.04, about +115% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zinzino AB (publ) right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case ($17.67). The market is more pessimistic than our downside scenario. The model range is unusually wide ($17.67 to $56.35). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Where does the earnings growth of Zinzino AB (publ) (ZNZNF) come from?
Earnings per share at Zinzino AB (publ) grew +40.7 % a year from 2015 to 2025. Broken into its drivers: revenue per share +35.8 %, EBIT margin +16.3 %, tax rate +3.4 %, residual (interest, one-offs) −13.8 %. 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 (publ)
How large is the market capitalisation of Zinzino AB (publ) (ZNZNF)?
The market capitalisation of Zinzino AB (publ) is $525M. 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 (publ) (ZNZNF)?
The price-to-sales ratio of Zinzino AB (publ) is 1.45 (P/E × margin). 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 (publ) (ZNZNF)?
Earnings per share at Zinzino AB (publ) are $1.02 (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Zinzino AB (publ) (ZNZNF)?
The net margin of Zinzino AB (publ) is 10.2% (fiscal year 2025). 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 (publ) (ZNZNF)?
The return on equity (ROE) of Zinzino AB (publ) is 45.6% (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 (publ) (ZNZNF)?
On an EBIT basis the return on assets of Zinzino AB (publ) is 60.6% (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.
How fast is revenue growing at Zinzino AB (publ) (ZNZNF)?
Revenue at Zinzino AB (publ) is growing +27.4% versus a year earlier (3y avg +33.7%). 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 (publ) (ZNZNF)?
Earnings per share at Zinzino AB (publ) are growing +81.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zinzino AB (publ) (ZNZNF) generate?
The free cash flow of Zinzino AB (publ) is $534M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Zinzino AB (publ) (ZNZNF) hold?
Zinzino AB (publ) holds more cash than debt, $717M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Sep 23, 2026