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ZGN US​
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ZGN US​
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Ermenegildo Zegna N.V.(ZGN US)

$14.28-0.060.45%Ext:$13.74-0.543.79%(After Hours · 22:37:43 UTC)
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Ermenegildo Zegna N.V.(ZGN US)

$14.28-0.060.45%Ext:$13.74-0.543.79%(After Hours · 22:37:43 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

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Documents

SEC Filings

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FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Ermenegildo Zegna N.V. — Company Profile

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear including suits, tuxedos, shirts, blazers, and overcoats, as well as accompanying accessories. The offering also encompasses an array of refined leather accessories such as shoes, bags, belts, and smaller leather articles, alongside fragrances. Furthermore, under the Thom Browne brand, the company extends its portfolio to include luxury womenswear and childrenswear. Zegna also provides licensed products like eyewear, cufflinks, fine jewelry, timepieces, intimate apparel, and beachwear, which are manufactured by external partners. The firm connects with its clientele through its global network of retail stores and online platforms, serving regions across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Established in 1910, Ermenegildo Zegna N.V. is headquartered in Trivero, Italy, and functions as a subsidiary of Monterubello Societa' Semplice.

Sector
Consumer Cyclical
Industry
Apparel - Manufacturers
Exchange
UN
CEO
Gianluca Ambrogio Tagliabue
Headquarters
Milan, L6, IT
IPO Date
Dec 20, 2021
Employees
7,600
Website
www.zegnagroup.com

Key Metrics

Price
$12.52
Market Cap
$3.36B
Revenue (TTM)
$1.84B
Net Income (TTM)
$94.69M
EPS (TTM)
0.37
P/E (TTM)
0.00
P/B (TTM)
3.24
Dividend Yield
95.11%
ROE (TTM)
9.19%
ROA (TTM)
3.34%
Operating Margin
8.50%
Beta
0.87

Dividends

Last Dividend
$0.14
Last Yield
0.95%

Summary

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear including suits, tuxedos, shirts, blazers, and overcoats, as well as accompanying accessories. The offering also encompasses an array of refined leather accessories such as shoes, bags, belts, and smaller leather articles, alongside fragrances. Furthermore, under the Thom Browne brand, the company extends its portfolio to include luxury womenswear and childrenswear. Zegna also provides licensed products like eyewear, cufflinks, fine jewelry, timepieces, intimate apparel, and beachwear, which are manufactured by external partners. The firm connects with its clientele through its global network of retail stores and online platforms, serving regions across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Established in 1910, Ermenegildo Zegna N.V. is headquartered in Trivero, Italy, and functions as a subsidiary of Monterubello Societa' Semplice.

Website
www.zegnagroup.com
Location
Milan, L6, IT
Phone39 01 575911
Employees7,600
CEOGianluca Ambrogio Tagliabue
SectorConsumer Cyclical
IndustryApparel - Manufacturers
IPO DateDec 20, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(210)

Expand
  • Form 4Norsa Michele29 Oct
  • Form 144Norsa Michele27 Oct
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)8 Oct
  • 6-KCurrent report (foreign private issuer)3 Sep
  • 6-KCurrent report (foreign private issuer)3 Sep
  • 6-KCurrent report (foreign private issuer)24 Aug
  • SC 13G/AErmenegildo Zegna N.V.12 Aug
  • 6-KCurrent report (foreign private issuer)23 Jul
  • 6-KCurrent report (foreign private issuer)9 Jul
  • Form 3Hamiyeh Nagi Adel30 Jun
  • 6-KCurrent report (foreign private issuer)26 Jun
  • SC 13G/AErmenegildo Zegna N.V.14 May
  • SDSD13 May
  • Form 4Sartori Alessandro11 May
  • Form 4Santhia Gian Franco11 May
  • Form 4Zegna di Monte Rubello Edoardo11 May
  • Form 4Tagliabue Gianluca Ambrogio11 May
  • Form 4Zegna di Monte Rubello Angelo11 May
  • Form 144Sartori Alessandro7 May

News

  • URBN or ZGN: Which Is the Better Value Stock Right Now?2 Nov
  • Ermenegildo Zegna: Stronger DTC Sales And Operating Leverage Support Further Upside25 Oct
  • What Ermenegildo Zegna (ZGN) Said on Its Q3 Earnings Call22 Oct
  • Ermenegildo Zegna N.V. (ZGN) Q3 2026 Sales/Trading Call Transcript22 Oct
  • Ermenegildo Zegna Group Q3 2026 Revenues1 up 9% With Solid Growth Across All Regions and Continued Strength in the DTC Channel (+13% YoY)22 Oct
  • A Look at Ermenegildo Zegna NV (ZGN) After 3.3% Decline -- GF Value $50.21 vs Price $12.9116 Oct
  • URBN vs. ZGN: Which Stock Is the Better Value Option?15 Oct
  • URBN vs. ZGN: Which Stock Should Value Investors Buy Now?29 Sep
  • URBN or ZGN: Which Is the Better Value Stock Right Now?11 Sep
  • Ermenegildo Zegna: Core Margin Expansion And Better FCF Support A Buy (Rating Upgrade)6 Sep
  • Ermenegildo Zegna N.V. (ZGN) Q2 2026 Earnings Call Transcript3 Sep
  • Ermenegildo Zegna H1 Earnings Call Highlights3 Sep
  • Ermenegildo Zegna Group Reports First Half 2026 Revenues of €987 Million With Profit at €28 Million and Adjusted EBIT at €74 Million3 Sep
  • URBN or ZGN: Which Is the Better Value Stock Right Now?26 Aug
  • URBN vs. ZGN: Which Stock Is the Better Value Option?10 Aug

Mentions in Filings

  • … nce 2019. She has served on the Board of Directors of Swarovski International Holding, a global luxury crystal, jewelry and design company, since 2025, and on the Board of Directors of The Wella Company, a global beauty company, since April 2026. Ms. Ulrich previously served on the Boards of Directors of GSK plc and <strong>Ermenegildo Zegna</strong>. She holds a Bachelor of Arts degree from Harvard University and a Master of Arts degree from Stanford University.
    SLB LIMITED/NVErmenegildo Zegna N.V.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·6 Oct
  • … 23 – Segment Data and Related Information. Royalty Revenue - License Arrangements The Company has license arrangements for the license of the TOM FORD trademark to the Marcolin Group (“Marcolin”) for eyewear and <strong>Ermenegildo Zegna N.V.</strong> (“Zegna”) for fashionwear, which represents a revenue-generating activity in the ordinary course of business for the Company. The Company’s performance obligation is to license the TOM FORD trademark to Marcolin …
    ESTEE LAUDER COMPANIES INCErmenegildo Zegna N.V.·ARS - Annual report to security holders·FY26·30 Sep
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·S-1/A - Registration statement (general form, amendment)·Q1 27·23 Sep
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·S-1 - Registration statement (general form)·Q1 27·31 Aug
  • … 23 – Segment Data and Related Information. Royalty Revenue - License Arrangements The Company has license arrangements for the license of the TOM FORD trademark to the Marcolin Group (“Marcolin”) for eyewear and <strong>Ermenegildo Zegna N.V.</strong> (“Zegna”) for fashionwear, which represents a revenue-generating activity in the ordinary course of business for the Company. The Company’s performance obligation is to license the TOM FORD trademark to Marcolin …
    ESTEE LAUDER COMPANIES INCErmenegildo Zegna N.V.·10-K - Annual report FY 2026·FY26·19 Aug
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·DRS/A - Draft registration statement (amendment)·Q1 27·31 Jul

Key Stats

Trading

Px/Chg 1D$12.52 / -0.79%
Avg Volume933.83K
Beta0.87
Mkt Cap3.36B
FD Mkt Cap3.62B

Float

Shrs Out/Float268.31M / 72.91M
Short Float0.06%
Days to Cover2.94
Stock Repurchased$0.00

Current Valuation

EV4.23B
EV/EBITDA0.00
EV/Sales0.00
P/B3.24
P/S0.00
FCF Yield3.29%
ROE9.19%
ROA3.34%
Current Ratio1.59

Dividend

Cash$0.14
Yield95.11%
Yield (TTM)95.11%

Estimates

P/E0.00
Est P/E0.00
Est EPS0.19
Est PEG0.00

Valuation

Metric5Yr AvgSep '23Sep '24Sep '25Sep '26Oct '26
PRICE-BASED RATIOS
Price / Earnings63.5764.7820.3128.4561.17143.11
Price / Sales2.292.231.301.133.433.36
Price / Book Value3.354.912.942.393.273.24
Price / Free Cash Flow24.0945.6312.5014.2817.6430.43
ENTERPRISE VALUE METRICS
Enterprise Value3,755.84,048.83,229.33,076.24,195.44,229.3
Enterprise Value / Sales2.902.711.701.584.274.23
Enterprise Value / EBITDA20.6812.078.227.5719.4956.05
Enterprise Value / EBIT31.9724.7416.1618.0744.8356.05

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9.3%1,292.41,492.81,904.51,946.61,841.3
Gross Income2.6%925.1928.01,224.31,296.61,024.2
EBITDA53.2%71.1335.5393.0406.2391.7
EBIT—-83.1163.6199.8170.3156.5
Net Income—-136.051.5121.577.194.7
EPS (Diluted)—-0.670.210.480.300.37
BALANCE SHEET
Cash & ST Inv-22%800.2580.3387.0296.1295.7
Total Assets3.6%2,457.72,426.72,767.02,834.02,833.5
Total Liabilities-1.1%1,813.41,694.41,866.11,851.11,734.9
Total Shareholder Equity14.4%601.2678.9840.3916.11,030.6
CASH FLOW
Net Operating Cash Flow3.5%281.2146.4275.4279.1322.3
Cap Ex-4%-94.3-73.3-77.9-125.5-80.1
Free Cash Flow6.7%186.873.1197.5153.6242.2

Enterprise Value Bridge

Millions EUR10 Nov '26
Price (As of 10 Nov '26)14.23
Basic Shares268.31
Market Cap3,816.7
Diluted Shares270.24
Fully Diluted Shares Outstanding270.24
Fully Diluted Market Cap3,844.2
+Consolidated Debt1,151.5
−In-the-Money Convertible Debt—
+Capital Leases780.4
+Operating Leases—
−Cash & Equivalents-226.6
−Short-term Investments-67.8
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest73.2
+Pension Liabilities—
Enterprise Value4,814.8

Segment data

Revenue

by Products and services

  • Zegna Branded Products74%
  • Thom Browne Group17%
  • Textile8%
  • Other Product1%

Revenue

by Geography

  • Europe, The Middle East And Africa35%
  • Americas29%
  • United States24%
  • Italy11%
  • Netherlands1%

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Ermenegildo Zegna N.V. — Company Profile

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear including suits, tuxedos, shirts, blazers, and overcoats, as well as accompanying accessories. The offering also encompasses an array of refined leather accessories such as shoes, bags, belts, and smaller leather articles, alongside fragrances. Furthermore, under the Thom Browne brand, the company extends its portfolio to include luxury womenswear and childrenswear. Zegna also provides licensed products like eyewear, cufflinks, fine jewelry, timepieces, intimate apparel, and beachwear, which are manufactured by external partners. The firm connects with its clientele through its global network of retail stores and online platforms, serving regions across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Established in 1910, Ermenegildo Zegna N.V. is headquartered in Trivero, Italy, and functions as a subsidiary of Monterubello Societa' Semplice.

Sector
Consumer Cyclical
Industry
Apparel - Manufacturers
Exchange
UN
CEO
Gianluca Ambrogio Tagliabue
Headquarters
Milan, L6, IT
IPO Date
Dec 20, 2021
Employees
7,600
Website
www.zegnagroup.com

Key Metrics

Price
$12.52
Market Cap
$3.36B
Revenue (TTM)
$1.84B
Net Income (TTM)
$94.69M
EPS (TTM)
0.37
P/E (TTM)
0.00
P/B (TTM)
3.24
Dividend Yield
95.11%
ROE (TTM)
9.19%
ROA (TTM)
3.34%
Operating Margin
8.50%
Beta
0.87

Dividends

Last Dividend
$0.14
Last Yield
0.95%

Summary

Ermenegildo Zegna N.V., along with its affiliated entities, operates as a leading luxury fashion house. The company is engaged in the design, production, marketing, and global distribution of high-end menswear, footwear, leather goods, and assorted accessories, primarily under its distinguished Zegna and Thom Browne labels. Its comprehensive men's collection features opulent leisurewear, sophisticated formal wear including suits, tuxedos, shirts, blazers, and overcoats, as well as accompanying accessories. The offering also encompasses an array of refined leather accessories such as shoes, bags, belts, and smaller leather articles, alongside fragrances. Furthermore, under the Thom Browne brand, the company extends its portfolio to include luxury womenswear and childrenswear. Zegna also provides licensed products like eyewear, cufflinks, fine jewelry, timepieces, intimate apparel, and beachwear, which are manufactured by external partners. The firm connects with its clientele through its global network of retail stores and online platforms, serving regions across Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. Established in 1910, Ermenegildo Zegna N.V. is headquartered in Trivero, Italy, and functions as a subsidiary of Monterubello Societa' Semplice.

Website
www.zegnagroup.com
Location
Milan, L6, IT
Phone39 01 575911
Employees7,600
CEOGianluca Ambrogio Tagliabue
SectorConsumer Cyclical
IndustryApparel - Manufacturers
IPO DateDec 20, 2021

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(210)

Expand
  • Form 4Norsa Michele29 Oct
  • Form 144Norsa Michele27 Oct
  • 6-KCurrent report (foreign private issuer)22 Oct
  • 6-KCurrent report (foreign private issuer)8 Oct
  • 6-KCurrent report (foreign private issuer)3 Sep
  • 6-KCurrent report (foreign private issuer)3 Sep
  • 6-KCurrent report (foreign private issuer)24 Aug
  • SC 13G/AErmenegildo Zegna N.V.12 Aug
  • 6-KCurrent report (foreign private issuer)23 Jul
  • 6-KCurrent report (foreign private issuer)9 Jul
  • Form 3Hamiyeh Nagi Adel30 Jun
  • 6-KCurrent report (foreign private issuer)26 Jun
  • SC 13G/AErmenegildo Zegna N.V.14 May
  • SDSD13 May
  • Form 4Sartori Alessandro11 May
  • Form 4Santhia Gian Franco11 May
  • Form 4Zegna di Monte Rubello Edoardo11 May
  • Form 4Tagliabue Gianluca Ambrogio11 May
  • Form 4Zegna di Monte Rubello Angelo11 May
  • Form 144Sartori Alessandro7 May

News

  • URBN or ZGN: Which Is the Better Value Stock Right Now?2 Nov
  • Ermenegildo Zegna: Stronger DTC Sales And Operating Leverage Support Further Upside25 Oct
  • What Ermenegildo Zegna (ZGN) Said on Its Q3 Earnings Call22 Oct
  • Ermenegildo Zegna N.V. (ZGN) Q3 2026 Sales/Trading Call Transcript22 Oct
  • Ermenegildo Zegna Group Q3 2026 Revenues1 up 9% With Solid Growth Across All Regions and Continued Strength in the DTC Channel (+13% YoY)22 Oct
  • A Look at Ermenegildo Zegna NV (ZGN) After 3.3% Decline -- GF Value $50.21 vs Price $12.9116 Oct
  • URBN vs. ZGN: Which Stock Is the Better Value Option?15 Oct
  • URBN vs. ZGN: Which Stock Should Value Investors Buy Now?29 Sep
  • URBN or ZGN: Which Is the Better Value Stock Right Now?11 Sep
  • Ermenegildo Zegna: Core Margin Expansion And Better FCF Support A Buy (Rating Upgrade)6 Sep
  • Ermenegildo Zegna N.V. (ZGN) Q2 2026 Earnings Call Transcript3 Sep
  • Ermenegildo Zegna H1 Earnings Call Highlights3 Sep
  • Ermenegildo Zegna Group Reports First Half 2026 Revenues of €987 Million With Profit at €28 Million and Adjusted EBIT at €74 Million3 Sep
  • URBN or ZGN: Which Is the Better Value Stock Right Now?26 Aug
  • URBN vs. ZGN: Which Stock Is the Better Value Option?10 Aug

Mentions in Filings

  • … nce 2019. She has served on the Board of Directors of Swarovski International Holding, a global luxury crystal, jewelry and design company, since 2025, and on the Board of Directors of The Wella Company, a global beauty company, since April 2026. Ms. Ulrich previously served on the Boards of Directors of GSK plc and <strong>Ermenegildo Zegna</strong>. She holds a Bachelor of Arts degree from Harvard University and a Master of Arts degree from Stanford University.
    SLB LIMITED/NVErmenegildo Zegna N.V.·8-K - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers·Q4 26·6 Oct
  • … 23 – Segment Data and Related Information. Royalty Revenue - License Arrangements The Company has license arrangements for the license of the TOM FORD trademark to the Marcolin Group (“Marcolin”) for eyewear and <strong>Ermenegildo Zegna N.V.</strong> (“Zegna”) for fashionwear, which represents a revenue-generating activity in the ordinary course of business for the Company. The Company’s performance obligation is to license the TOM FORD trademark to Marcolin …
    ESTEE LAUDER COMPANIES INCErmenegildo Zegna N.V.·ARS - Annual report to security holders·FY26·30 Sep
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·S-1/A - Registration statement (general form, amendment)·Q1 27·23 Sep
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·S-1 - Registration statement (general form)·Q1 27·31 Aug
  • … 23 – Segment Data and Related Information. Royalty Revenue - License Arrangements The Company has license arrangements for the license of the TOM FORD trademark to the Marcolin Group (“Marcolin”) for eyewear and <strong>Ermenegildo Zegna N.V.</strong> (“Zegna”) for fashionwear, which represents a revenue-generating activity in the ordinary course of business for the Company. The Company’s performance obligation is to license the TOM FORD trademark to Marcolin …
    ESTEE LAUDER COMPANIES INCErmenegildo Zegna N.V.·10-K - Annual report FY 2026·FY26·19 Aug
  • … l luxury crystal design and innovation company, since 2025. She has also been a member of the Advisory Board of Rolls-Royce Motor Cars, a luxury car brand, since 2024. Ms. Ulrich previously served on the boards of <strong>Ermenegildo Zegna N.V.</strong>, an Italian luxury fashion house, from 2012 to 2017 and GlaxoSmithKline plc, a global healthcare and biotech company, from 2012 to 2015. She also served on the advisory boards of Robert Bosch GmbH, a German multin …
    Wella CoErmenegildo Zegna N.V.·DRS/A - Draft registration statement (amendment)·Q1 27·31 Jul

Key Stats

Trading

Px/Chg 1D$12.52 / -0.79%
Avg Volume933.83K
Beta0.87
Mkt Cap3.36B
FD Mkt Cap3.62B

Float

Shrs Out/Float268.31M / 72.91M
Short Float0.06%
Days to Cover2.94
Stock Repurchased$0.00

Current Valuation

EV4.23B
EV/EBITDA0.00
EV/Sales0.00
P/B3.24
P/S0.00
FCF Yield3.29%
ROE9.19%
ROA3.34%
Current Ratio1.59

Dividend

Cash$0.14
Yield95.11%
Yield (TTM)95.11%

Estimates

P/E0.00
Est P/E0.00
Est EPS0.19
Est PEG0.00

Valuation

Metric5Yr AvgSep '23Sep '24Sep '25Sep '26Oct '26
PRICE-BASED RATIOS
Price / Earnings63.5764.7820.3128.4561.17143.11
Price / Sales2.292.231.301.133.433.36
Price / Book Value3.354.912.942.393.273.24
Price / Free Cash Flow24.0945.6312.5014.2817.6430.43
ENTERPRISE VALUE METRICS
Enterprise Value3,755.84,048.83,229.33,076.24,195.44,229.3
Enterprise Value / Sales2.902.711.701.584.274.23
Enterprise Value / EBITDA20.6812.078.227.5719.4956.05
Enterprise Value / EBIT31.9724.7416.1618.0744.8356.05

Financials

Full Financials
Millions EUR5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue9.3%1,292.41,492.81,904.51,946.61,841.3
Gross Income2.6%925.1928.01,224.31,296.61,024.2
EBITDA53.2%71.1335.5393.0406.2391.7
EBIT—-83.1163.6199.8170.3156.5
Net Income—-136.051.5121.577.194.7
EPS (Diluted)—-0.670.210.480.300.37
BALANCE SHEET
Cash & ST Inv-22%800.2580.3387.0296.1295.7
Total Assets3.6%2,457.72,426.72,767.02,834.02,833.5
Total Liabilities-1.1%1,813.41,694.41,866.11,851.11,734.9
Total Shareholder Equity14.4%601.2678.9840.3916.11,030.6
CASH FLOW
Net Operating Cash Flow3.5%281.2146.4275.4279.1322.3
Cap Ex-4%-94.3-73.3-77.9-125.5-80.1
Free Cash Flow6.7%186.873.1197.5153.6242.2

Enterprise Value Bridge

Millions EUR10 Nov '26
Price (As of 10 Nov '26)14.23
Basic Shares268.31
Market Cap3,816.7
Diluted Shares270.24
Fully Diluted Shares Outstanding270.24
Fully Diluted Market Cap3,844.2
+Consolidated Debt1,151.5
−In-the-Money Convertible Debt—
+Capital Leases780.4
+Operating Leases—
−Cash & Equivalents-226.6
−Short-term Investments-67.8
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest73.2
+Pension Liabilities—
Enterprise Value4,814.8

Segment data

Revenue

by Products and services

  • Zegna Branded Products74%
  • Thom Browne Group17%
  • Textile8%
  • Other Product1%

Revenue

by Geography

  • Europe, The Middle East And Africa35%
  • Americas29%
  • United States24%
  • Italy11%
  • Netherlands1%

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