# Zegona Communications (ZEG.LSE)

Canonical: https://gigainvestors.com/s/ZEG.LSE

Analysis as of: 2026-10-16T07:37:28.808Z. 

Listing currency: GBX. Reporting currency: EUR.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: GBX 1,720.00 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

## Price story

Up 965% since Nov 2023

Story as of 2026-10-16T10:01:28.031Z; price observation 2026-10-15.

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in telecom services; annual sales are EUR 3.6 billion.

- Source: https://eodhd.com/api/fundamentals/ZEG.LSE.json#2026-03-31 (filed 2024-06-11); FY2026: revenue 3627544000; grossProfit 2910445000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); ZEG.LSE: Zegona Communications plc engages in the provision of integrated telecommunications services in Spain. The company offers broadband, mobile, TV, voice, data, and other value-added products and services. It serves business-to-consumer and business-to-business markets. The company was incorporated in 2015 and is based in London, the United Kingdom. Zegona Communications plc operates as a subsidiary of Ejlshm Funding Limited.

### Where the cash goes

Paid dividends in 1 of 2 years; bought back EUR 140.2 million of shares.

- Source: https://eodhd.com/api/fundamentals/ZEG.LSE.json#2025-03-31 (filed 2024-06-11); FY2025: growth capex 0; upkeep 130388800; owner earnings 122762400. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/api/fundamentals/ZEG.LSE.json#2026-03-31 (filed 2024-06-11); FY2026: growth capex 0; upkeep 627137000; cash acquisitions 0; owner earnings 435156400. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-06-11); Dividend observations: [[2025,0],[2026,1413522000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://eodhd.com/api/fundamentals/ZEG.LSE.json#2026-03-31 (filed 2024-06-11); FY2026: cash repurchases 140213000 EUR.

### Are managers owners

Insiders own 23.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); ZEG.LSE SharesStats.PercentInsiders = 23.226 percentage points; cache date 2026-10-16.

### What the price says

The price is 1.3 times annual sales.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2024-06-11); Closing price 1720 GBX; reporting-to-trading FX 84.48781222921298; FY2026 annual sales per share 15.866175517355702; price multiple 1.283104795724057. FY2026 cash earnings/share 1.9032898897713286. Closing-price date 2026-10-15.

## Monthly share-price history (GBX per share)

- 2016-10: GBX 116.00 per share

- 2016-11: GBX 126.50 per share

- 2016-12: GBX 121.00 per share

- 2017-01: GBX 118.50 per share

- 2017-02: GBX 115.50 per share

- 2017-03: GBX 136.00 per share

- 2017-04: GBX 143.50 per share

- 2017-05: GBX 162.50 per share

- 2017-06: GBX 165.00 per share

- 2017-07: GBX 163.50 per share

- 2017-08: GBX 180.00 per share

- 2017-09: GBX 170.50 per share

- 2017-10: GBX 142.50 per share

- 2017-11: GBX 143.00 per share

- 2017-12: GBX 139.00 per share

- 2018-01: GBX 127.50 per share

- 2018-02: GBX 117.50 per share

- 2018-03: GBX 102.50 per share

- 2018-04: GBX 109.50 per share

- 2018-05: GBX 122.50 per share

- 2018-06: GBX 121.50 per share

- 2018-07: GBX 116.00 per share

- 2018-08: GBX 115.00 per share

- 2018-09: GBX 114.00 per share

- 2018-10: GBX 113.00 per share

- 2018-11: GBX 126.00 per share

- 2018-12: GBX 119.00 per share

- 2019-01: GBX 109.50 per share

- 2019-02: GBX 105.50 per share

- 2019-03: GBX 102.50 per share

- 2019-04: GBX 105.00 per share

- 2019-05: GBX 104.00 per share

- 2019-06: GBX 104.50 per share

- 2019-07: GBX 103.50 per share

- 2019-08: GBX 104.00 per share

- 2019-09: GBX 96.50 per share

- 2019-10: GBX 94.00 per share

- 2019-11: GBX 96.00 per share

- 2019-12: GBX 109.00 per share

- 2020-01: GBX 110.00 per share

- 2020-02: GBX 104.50 per share

- 2020-03: GBX 82.00 per share

- 2020-04: GBX 88.00 per share

- 2020-05: GBX 90.50 per share

- 2020-06: GBX 114.00 per share

- 2020-07: GBX 116.00 per share

- 2020-08: GBX 112.00 per share

- 2020-09: GBX 111.00 per share

- 2020-10: GBX 111.00 per share

- 2020-11: GBX 110.00 per share

- 2020-12: GBX 105.50 per share

- 2021-01: GBX 102.50 per share

- 2021-02: GBX 95.50 per share

- 2021-03: GBX 134.50 per share

- 2021-04: GBX 134.50 per share

- 2021-05: GBX 145.50 per share

- 2021-06: GBX 148.50 per share

- 2021-07: GBX 145.50 per share

- 2021-08: GBX 151.00 per share

- 2021-09: GBX 151.50 per share

- 2021-10: GBX 107.00 per share

- 2021-11: GBX 102.50 per share

- 2021-12: GBX 91.50 per share

- 2022-01: GBX 87.50 per share

- 2022-02: GBX 85.50 per share

- 2022-03: GBX 82.50 per share

- 2022-04: GBX 86.75 per share

- 2022-05: GBX 88.00 per share

- 2022-06: GBX 84.00 per share

- 2022-07: GBX 84.00 per share

- 2022-08: GBX 82.50 per share

- 2022-09: GBX 76.50 per share

- 2022-10: GBX 75.00 per share

- 2022-11: GBX 79.50 per share

- 2022-12: GBX 79.50 per share

- 2023-01: GBX 76.50 per share

- 2023-02: GBX 72.00 per share

- 2023-03: GBX 68.25 per share

- 2023-04: GBX 51.50 per share

- 2023-05: GBX 49.00 per share

- 2023-06: GBX 47.50 per share

- 2023-07: GBX 37.50 per share

- 2023-08: GBX 34.50 per share

- 2023-09: GBX 31.20 per share

- 2023-11: GBX 161.50 per share

- 2023-12: GBX 185.00 per share

- 2024-01: GBX 183.00 per share

- 2024-02: GBX 207.00 per share

- 2024-03: GBX 226.00 per share

- 2024-04: GBX 230.00 per share

- 2024-05: GBX 254.00 per share

- 2024-06: GBX 264.00 per share

- 2024-07: GBX 348.00 per share

- 2024-08: GBX 356.00 per share

- 2024-09: GBX 364.00 per share

- 2024-10: GBX 332.00 per share

- 2024-11: GBX 348.00 per share

- 2024-12: GBX 418.00 per share

- 2025-01: GBX 470.00 per share

- 2025-02: GBX 565.00 per share

- 2025-03: GBX 660.00 per share

- 2025-04: GBX 676.00 per share

- 2025-05: GBX 690.00 per share

- 2025-06: GBX 702.00 per share

- 2025-07: GBX 888.00 per share

- 2025-08: GBX 1,170.00 per share

- 2025-09: GBX 1,230.00 per share

- 2025-10: GBX 1,230.00 per share

- 2025-11: GBX 1,460.00 per share

- 2025-12: GBX 1,395.00 per share

- 2026-01: GBX 1,575.00 per share

- 2026-02: GBX 1,685.00 per share

- 2026-03: GBX 1,640.00 per share

- 2026-04: GBX 1,762.00 per share

- 2026-05: GBX 1,852.00 per share

- 2026-06: GBX 1,592.00 per share

- 2026-07: GBX 1,462.00 per share

- 2026-08: GBX 1,632.00 per share

- 2026-09: GBX 1,752.00 per share

- 2026-10: GBX 1,720.00 per share

## Annual estimated value (GBX per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original ESEF filing](https://filings.xbrl.org/213800ASI1VZL2ED4S65/2023-12-31/ESEF/GB/0/213800ASI1VZL2ED4S65-2023-12-31/reports/213800ASI1VZL2ED4S65-2023-12-31-T01.xhtml); period 2023-12-31, filed 2024-06-11.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.