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Zalaris ASA (ZAL.OL)
Oslo, NO
Zalaris ASA, headquartered in Oslo, Norway, and founded in 2000, delivers extensive outsourced human resources and payroll solutions. The company operates through two distinct divisions: Managed Services and Professional Services. Its service portfolio encompasses a broad spectrum of HR and payroll functions, including core payroll execution, time monitoring, and travel expense administration. Additionally, Zalaris provides cloud-based HR capabilities such as talent development, digital personnel archiving, HR analytics, and mobile applications. Beyond these offerings, the firm also furnishes expert consulting and specializes in the deployment of SAP HCM, Payroll, and SuccessFactors platforms. Zalaris caters to a wide array of industries, serving clients in banking, insurance, finance, health and life sciences, infrastructure, transportation, IT, telecom, offshore and energy sectors, as well as product, retail, service industries, and public institutions. The company maintains an international presence with operations spanning Norway, Sweden, Denmark, Finland, Germany, Latvia, and the United Kingdom, among other locations. Formerly known as Zalaris HR Services AS, the organization rebranded to Zalaris ASA in May 2014.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -6.94% | +0.90% | +1.31% | +32.59% | +8.77% | +12.67% | +24.07% | +151.25% | +63.68% | +221.09% | +302.00% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Staffing & Employment Services: +6.7%+11.7% ★ Q1'26: +0.5% (vs Q1'25)
-
EPS growth Staffing & Employment Services: +18.1%+83.6% ★ Q1'26: -19.7% (vs Q1'25)
-
FCF margin FCF growth · Staffing & Employment Services: +32.6%+9.9% Q1'26: +2.2% (vs Q1'25)
-
EBIT margin Staffing & Employment Services: +5.7%+10.6% ★ Q1'26: +10.2% (vs Q1'25)
-
ROIC Staffing & Employment Services: +12.1%+17.8% ★ Q1'26: +22.0% (vs Q1'25)
-
Share dilution Staffing & Employment Services: +0.4%-2.1% ★ Q1'26: -0.1% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Staffing & Employment Services: -1.18×1.70× Q1'26: 1.37× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. |
Dec 2030 1 Rev. Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
326.15M
est: 323.78M (+0.7%)
|
373.72M
est: 381.40M (-2.0%)
|
396.65M
est: 393.43M (+0.8%)
|
577.34M
est: 560.00M (+3.1%)
|
745.43M
est: 746.79M (-0.2%)
|
776.79M
est: 772.49M (+0.6%)
|
792.33M
est: 801.73M (-1.2%)
|
775.27M
est: 773.60M (+0.2%)
|
892.74M
est: 874.97M (+2.0%)
|
1.13B
est: 1.12B (+0.9%)
|
1.35B
est: 1.33B (+1.1%)
|
1.50B
est: 1.50B (+0.3%)
|
1.63B
1.62B – 1.65B
+9.0% YoY
|
1.76B
1.73B – 1.79B
+7.6% YoY
|
1.87B
1.84B – 1.89B
+6.2% YoY
|
2.01B
1.98B – 2.03B
+7.5% YoY
|
2.16B
2.13B – 2.18B
+7.5% YoY
|
| EBITDA |
42.36M
est: 44.79M (-5.4%)
|
65.37M
est: 44.05M (+48.4%)
|
72.69M
est: 37.85M (+92.0%)
|
53.55M
est: 60.13M (-10.9%)
|
75.91M
est: 103.31M (-26.5%)
|
103.38M
est: 106.87M (-3.3%)
|
99.64M
est: 110.91M (-10.2%)
|
123.33M
est: 107.02M (+15.2%)
|
92.67M
est: 121.04M (-23.4%)
|
163.14M
est: 27.70M (+488.9%)
|
213.84M
est: 347.64M (-38.5%)
|
299.37M
est: 391.15M (-23.5%)
|
426.24M
422.62M – 429.86M
+9.0% YoY
|
458.76M
451.35M – 466.16M
+7.6% YoY
|
487.38M
481.31M – 493.45M
+6.2% YoY
|
524.01M
517.49M – 530.53M
+7.5% YoY
|
563.44M
556.42M – 570.45M
+7.5% YoY
|
| EBIT |
13.08M
est: 14.11M (-7.3%)
|
33.83M
est: 17.70M (+91.1%)
|
34.75M
est: 35.12M (-1.1%)
|
-4.37M
est: 51.70M (-108.5%)
|
17.34M
est: 32.55M (-46.7%)
|
14.09M
est: 33.67M (-58.2%)
|
11.26M
est: 34.95M (-67.8%)
|
38.36M
est: 33.72M (+13.8%)
|
10.18M
est: 38.14M (-73.3%)
|
70.50M
est: 17.41M (+305.0%)
|
101.20M
est: 247.91M (-59.2%)
|
158.90M
est: 278.94M (-43.0%)
|
303.97M
301.39M – 306.55M
+9.0% YoY
|
327.15M
321.88M – 332.43M
+7.6% YoY
|
347.57M
343.24M – 351.89M
+6.2% YoY
|
373.69M
369.04M – 378.34M
+7.5% YoY
|
401.81M
396.80M – 406.81M
+7.5% YoY
|
| Net Income |
7.31M
est: 17.98M (-59.3%)
|
21.16M
est: 8.71M (+142.9%)
|
25.57M
est: 21.97M (+16.4%)
|
-12.19M
est: 36.29M (-133.6%)
|
-1.27M
est: 11.28M (-111.3%)
|
-7.01M
est: 4.80M (-246.1%)
|
-8.99M
est: -5.37M (-67.2%)
|
12.81M
est: 19.00M (-32.6%)
|
-37.12M
est: -12.11M (-206.6%)
|
-2.12M
est: -8.66M (+75.5%)
|
33.76M
est: 62.09M (-45.6%)
|
60.52M
est: 109.03M (-44.5%)
|
155.42M
148.42M – 162.41M
+42.5% YoY
|
173.16M
168.20M – 178.12M
+11.4% YoY
|
211.93M
208.50M – 215.36M
+22.4% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| SGA |
22.13M
est: 50.10M (-55.8%)
|
25.60M
est: 235.80M (-89.1%)
|
22.54M
est: 239.74M (-90.6%)
|
47.19M
est: 344.30M (-86.3%)
|
75.52M
est: 473.58M (-84.1%)
|
91.17M
est: 119.54M (-23.7%)
|
106.00M
est: 124.06M (-14.6%)
|
141.69M
est: 119.71M (+18.4%)
|
120.82M
est: 135.40M (-10.8%)
|
164.52M
est: 625.83M (-73.7%)
|
237.49M
est: 664.96M (-64.3%)
|
—
est: 191.74M (-100.0%)
|
208.95M
207.17M – 210.72M
+9.0% YoY
|
224.89M
221.26M – 228.51M
+7.6% YoY
|
238.92M
235.94M – 241.89M
+6.2% YoY
|
256.87M
253.68M – 260.07M
+7.5% YoY
|
276.20M
272.76M – 279.64M
+7.5% YoY
|
| EPS |
0.38
est: 0.75 (-49.2%)
|
1.11
est: 1.22 (-8.8%)
|
1.34
est: 1.21 (+11.0%)
|
-0.61
est: 0.74 (-182.4%)
|
-0.06
est: 0.47 (-113.6%)
|
-0.36
est: 0.20 (-280.5%)
|
-0.46
est: -0.22 (-106.0%)
|
0.60
est: 0.79 (-24.1%)
|
-1.79
est: -0.50 (-255.6%)
|
-0.10
est: 0.50 (-119.1%)
|
1.56
est: 2.64 (-40.8%)
|
2.79
est: 4.63 (-39.7%)
|
6.60
6.30 – 6.90
+42.5% YoY
|
7.35
7.14 – 7.56
+11.4% YoY
|
9.00
8.85 – 9.15
+22.4% YoY
|
—
— – —
-100.0% YoY
|
—
— – —
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-28 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-27 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-21 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-18 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-13 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-12 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-11 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-08 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-07 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-06 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-05 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-04 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-30 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | B+ | 3/5 | 5/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 5/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
This company is not held by any ETF in our universe.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Hans-Petter Mellerud | Founder & Chief Executive Officer | 6M | male |
| Øyvind Reiten | Executive Vice President of Group Commercial & Sales | 3M | male |
| Richard E. Schiørn | Executive Vice President of Solution & Delivery - Global Managed Services | 3M | male |
| Gunnar Manum | Chief Financial Officer | 3M | male |
| Halvor Leirvåg | Chief Technology Officer | 3M | male |
| Hilde Karlsmyr | Chief Human Resources Officer | 3M | female |
| Sami Seikkula | Executive Vice President of Northern Europe | 2M | male |
| Balakrishnan Narayanan | Executive Vice President of APAC & Chief Sustainability Officer | 612.0K | male |
| Peter Martin | Executive Vice President of Central Europe | — | male |
| Mike Ellis | Executive Vice President of Global Zalaris Consulting | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for ZAL.OL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
