- NOK2.16bn
- NOK2.41bn
- NOK1.50bn
Growth & Value
| 12m Forecast Rolling | Industry | Market | |
|---|---|---|---|
| PE Ratio (f) | 13.99 | ||
| PEG Ratio (f) | 0.3 | ||
| EPS Growth (f) | 87.17% | ||
| Dividend Yield (f) | 3.91% | ||
| Valuation (ttm) | Industry | Market | |
|---|---|---|---|
| Price to Book Value | 7.49 | ||
| Price to Tang. Book | n/a | ||
| Price to Free Cashflow | 15.61 | ||
| Price to Sales | 1.44 | ||
| EV to EBITDA | 10.96 | ||
Shareholder Activity
| Type | Buy / Hold / Sell |
|---|---|
| Institutions | |
| Directors | |
| Community |
Guru Screens
Quality
| Name | Industry | Market | |
|---|---|---|---|
| Return on Capital | 21.13% | ||
| Return on Equity | 16.71% | ||
| Operating Margin | 9.73% | ||
Financial Summary
| Year End 31st Dec | Unit | 2021 | 2022 | 2023 | 2024 | 2025 | 2026E | 2027E | CAGR / Avg |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | NOKm | 775.26 | 892.74 | 1,133.97 | 1,346.28 | 1,503.25 | 1,622.73 | 1,742.17 | 13.66% |
| Operating Profit | m | ||||||||
| Net Profit | m | ||||||||
| EPS Reported | |||||||||
| Diluted Normalised EPS | |||||||||
| EPS Growth | % | n/a | n/a | n/a | n/a | +106.39 | +193.42 | +15.05 | n/a |
| PE Ratio | x | ||||||||
| PEG | |||||||||
| Profitability | |||||||||
| Operating Margin | % | ||||||||
| ROA | % | ||||||||
| ROCE | % | ||||||||
| ROE | % | ||||||||
| Cashflow | |||||||||
| Op. Cashflow ps | |||||||||
| Capex ps | |||||||||
| Free Cashflow ps | |||||||||
| Dividends | |||||||||
| Dividend ps | |||||||||
| Dividend Growth | % | ||||||||
| Dividend Yield | % | ||||||||
| Dividend Cover | x | ||||||||
| Balance Sheet | |||||||||
| Cash etc | m | ||||||||
| Working Capital | m | ||||||||
| NFA | m | ||||||||
| Net Debt | m | ||||||||
| Book Value | m | ||||||||
| Diluted Weighted Average Shares | m | ||||||||
| Book Value ps | |||||||||
Other Ratios
| Leverage (ttm) | Total | - Intang | + Pension |
|---|---|---|---|
| Gross Gearing | |||
| Net Gearing | |||
| Cash / Assets |
| Liquidity (ttm) | |
|---|---|
| Curr. Ratio | |
| Quick Ratio | |
| Interest Cov. | |
| Efficiency (ttm) | |
|---|---|
| Asset Turnover | |
| Recs Turnover | |
| Stock Turnover | |
Recent History
| Latest interim period vs. prior period | Industry | Market | |
|---|---|---|---|
| Sales Growth | |||
| EPS Growth | |||
| 3yr Compound Annual Growth Rate | Industry | Market | |
|---|---|---|---|
| Sales CAGR | |||
| EPS CAGR | |||
| DPS CAGR | |||
Profile Summary
Zalaris ASA is a Norway-based company providing employment services. It provides business process outsourcing (BPO) services within human resources (HR) and payroll processing. Its offering is divided in four areas: payroll and HR outsourcing, comprising employee data management, time and absence processing, payroll solutions, compensation administration, and a range of cloud-based services for payroll processing; talent management, including solutions for competency management, performance reviews, learning, succession planning and recruiting; solutions for reporting and analysis of HR performance; and consulting in the areas of training and competence, application maintenance and operational services. Additionally, it provides implementation methodology. Zalaris ASA also operates as SAP BPO and human capital management partner, as well as provides consulting for SuccessFactors. It operates in Norway, Denmark, Sweden, Finland, Estonia, Latvia, Lithuania, Poland and the United Kingdom.
Directors
- Adele Bugge Norman Pran NEC (50)
- Hans-Petter Mellerud CEO (56)
- Gunnar Manum CFO
- Hilde Karlsmyr CHO
- Harald Goetsch EVP
- William Jackson EVP
- Balakrishnan Narayanan EVP
- Oyvind Reiten EVP (32)
- Richard Schiorn EVP
- Sami Seikkula EVP
- Halvor Leirvag CTO (36)
- Stefan Charette DRC (49)
- Liselotte Hagertz Engstam IND (60)
- Jon Haug IND
- Jan Koivurinta IND (56)
- Erik Langaker IND
- Corinna Schaefer IND
- Last Annual
- December 31st, 2025
- Last Interim
- March 31st, 2026
- Incorporated
- May 2nd, 2000
- Public Since
- June 19th, 2014
- No. of Employees
- 1,055
- Sector
- Professional & Commercial Services
- Industry
- Industrials
- Exchange
OMX Nordic Exchange Stockholm
- Shares in Issue
- 21,779,442

- Address
- Hoffsveien 4, OSLO, 0275
- Web
- https://zalaris.com/
- Phone
- Auditors
- Ernst & Young AS
Upcoming Events for ZALo
Dividend For ZAL.OL - 2.5000 NOK
Zalaris ASA Annual Shareholders Meeting
Q2 2026 Zalaris ASA Earnings Release
Q3 2026 Zalaris ASA Earnings Release
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FAQ
As of Today at 24:15 UTC, shares in Zalaris ASA are trading at NOK98.60. This share price information is delayed by 15 minutes.
Shares in Zalaris ASA last closed at NOK98.60 and the price had moved by +20.54% over the past 365 days. In terms of relative price strength the Zalaris ASA share price has outperformed the FTSE Global All Cap Index by +5.32% over the past year.
The overall consensus recommendation for Zalaris ASA is Buy. You can view the full broker recommendation list by unlocking its StockReport.
Find out moreZalaris ASA does not currently pay a dividend.
Zalaris ASA does not currently pay a dividend.
Zalaris ASA does not currently pay a dividend.
To buy shares in Zalaris ASA you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.
As of the previous close price of NOK98.60, shares in Zalaris ASA had a market capitalisation of NOK2.16bn.
Here are the trading details for Zalaris ASA:
- Country of listing: Sweden
- Exchange: STO
- Ticker Symbol: ZALo
Based on an overall assessment of its quality, value and momentum Zalaris ASA is currently classified as a High Flyer. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.
The analyst consensus target price for shares in Zalaris ASA is NOK102.50. That is 3.96% above the last closing price of NOK98.60.
Analysts covering Zalaris ASA currently have a consensus Earnings Per Share (EPS) forecast of NOK6.71 for the next financial year.
Find out moreAn important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Zalaris ASA. Over the past six months, its share price has underperformed the FTSE Global All Cap Index by -0.97%.
As of the last closing price of NOK98.60, shares in Zalaris ASA were trading +39.65% higher than their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.
The Zalaris ASA PE ratio based on its reported earnings over the past 12 months is 13.99. The shares last closed at NOK98.60.
The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.
The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.
Zalaris ASA's management team is headed by:
- Adele Bugge Norman Pran - NEC
- Hans-Petter Mellerud - CEO
- Gunnar Manum - CFO
- Hilde Karlsmyr - CHO
- Harald Goetsch - EVP
- William Jackson - EVP
- Balakrishnan Narayanan - EVP
- Oyvind Reiten - EVP
- Richard Schiorn - EVP
- Sami Seikkula - EVP
- Halvor Leirvag - CTO
- Stefan Charette - DRC
- Liselotte Hagertz Engstam - IND
- Jon Haug - IND
- Jan Koivurinta - IND
- Erik Langaker - IND
- Corinna Schaefer - IND





