Stock ZTO ZTO EXPRESS (CAYMAN) INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials ZTO Express (Cayman) Inc.

Equities

ZTO

US98980A1051

Air Freight & Logistics

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-26 pm EDT 		5-day change 1st Jan Change
21.61 USD +1.89% Intraday chart for ZTO Express (Cayman) Inc. +8.38% +1.55%
Mar. 21 JPMorgan Adjusts Price Target on ZTO Express to $32 From $37, Keeps Overweight Rating MT
Mar. 21 BofA Securities Upgrades ZTO Express to Buy From Neutral, Price Target is $29 MT

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 127,110 162,737 144,919 150,066 121,537 126,015 - -
Enterprise Value (EV) 1 121,833 146,267 135,812 133,159 121,537 114,675 109,894 104,533
P/E ratio 22.5 x 35.1 x 30.9 x 22.2 x 14.2 x 13.2 x 11.3 x 10 x
Yield - 0.85% 0.89% - - 3.11% 3.66% 4.26%
Capitalization / Revenue 5.75 x 6.45 x 4.77 x 4.24 x 3.16 x 2.94 x 2.56 x 2.35 x
EV / Revenue 5.51 x 5.8 x 4.47 x 3.76 x 3.16 x 2.67 x 2.24 x 1.95 x
EV / EBITDA 16 x 20.4 x 16.4 x 11.8 x 8.77 x 7.4 x 6.18 x 5.32 x
EV / FCF 152 x -34.4 x -113 x 30.2 x - 15.5 x 11.9 x 11.1 x
FCF Yield 0.66% -2.91% -0.88% 3.31% - 6.46% 8.4% 8.98%
Price to Book 3.32 x 3.22 x 2.98 x 2.78 x - 1.93 x 1.74 x 1.57 x
Nbr of stocks (in thousands) 781,947 855,301 808,448 809,733 804,719 804,719 - -
Reference price 2 162.6 190.3 179.3 185.3 151.0 156.6 156.6 156.6
Announcement Date 3/16/20 3/17/21 3/16/22 3/15/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 22,110 25,214 30,406 35,377 38,419 42,886 49,129 53,723
EBITDA 1 7,635 7,155 8,301 11,289 13,852 15,494 17,785 19,653
EBIT 1 5,779 4,754 5,503 7,736 11,232 11,806 13,935 15,608
Operating Margin 26.14% 18.86% 18.1% 21.87% 29.24% 27.53% 28.36% 29.05%
Earnings before Tax (EBT) 1 6,757 5,035 5,739 8,286 10,689 12,287 14,495 16,287
Net income 1 5,674 4,312 4,755 6,809 8,749 9,943 11,672 13,027
Net margin 25.66% 17.1% 15.64% 19.25% 22.77% 23.19% 23.76% 24.25%
EPS 2 7.230 5.420 5.800 8.360 10.60 11.84 13.85 15.60
Free Cash Flow 1 803.9 -4,257 -1,198 4,412 - 7,404 9,226 9,384
FCF margin 3.64% -16.88% -3.94% 12.47% - 17.26% 18.78% 17.47%
FCF Conversion (EBITDA) 10.53% - - 39.08% - 47.79% 51.88% 47.75%
FCF Conversion (Net income) 14.17% - - 64.79% - 74.46% 79.05% 72.03%
Dividend per Share 2 - 1.623 1.588 - - 4.863 5.729 6.677
Announcement Date 3/16/20 3/17/21 3/16/22 3/15/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2021 Q3 2021 Q4 2021 S2 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 7,391 9,218 - 7,904 8,657 8,945 9,871 8,983 9,740 9,076 10,619 9,324 10,748 10,366 12,085 10,295
EBITDA 1 - 1,968 2,739 - 1,749 2,892 2,998 3,397 2,878 3,884 3,439 3,652 3,138 4,512 3,956 3,805 3,562
EBIT 1 - 1,360 2,054 - 1,369 1,986 2,175 2,460 2,447 3,179 2,694 2,913 2,226 3,360 2,905 3,274 2,477
Operating Margin - 18.41% 22.28% - 17.32% 22.94% 24.31% 24.92% 27.23% 32.64% 29.68% 27.43% 23.87% 31.26% 28.03% 27.1% 24.05%
Earnings before Tax (EBT) 1 - 1,397 2,103 - 1,154 2,187 2,348 2,597 2,116 3,106 2,610 2,857 2,172 3,546 2,990 3,404 2,510
Net income 1 3,634 1,167 1,762 2,929 906.3 1,805 1,935 2,163 1,670 2,541 2,345 2,192 1,670 2,638 2,545 2,429 -
Net margin - 15.79% 19.12% - 11.47% 20.85% 21.63% 21.91% 18.59% 26.09% 25.84% 20.64% 17.91% 24.54% 24.55% 20.1% -
EPS 2 - 1.430 2.180 - 1.120 2.230 2.370 2.610 2.030 3.070 2.840 2.660 2.420 3.220 2.990 3.590 -
Dividend per Share 2 - - 1.588 - - - - - - - - - 0.6276 0.6276 0.6276 3.010 1.466
Announcement Date 3/16/20 11/17/21 3/16/22 3/16/22 5/25/22 8/17/22 11/21/22 3/15/23 5/17/23 8/29/23 11/16/23 3/19/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 5,277 16,470 9,108 16,907 - 11,340 16,121 21,482
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 804 -4,257 -1,198 4,412 - 7,404 9,226 9,384
ROE (net income / shareholders' equity) 15.6% 10.5% 9.74% 13.3% - 15.5% 16.2% 16.4%
ROA (Net income/ Total Assets) 13.3% 8.71% 7.8% 9.64% - 10.7% 11.5% 12%
Assets 1 42,787 49,526 60,988 70,648 - 92,813 101,405 108,523
Book Value Per Share 2 49.00 59.10 60.20 66.80 - 81.30 90.10 99.40
Cash Flow per Share 2 8.040 6.220 8.810 13.60 - 17.00 19.30 21.20
Capex 1 2,827 9,208 8,360 7,068 - 6,037 5,850 5,640
Capex / Sales 12.78% 36.52% 27.5% 19.98% - 14.08% 11.91% 10.5%
Announcement Date 3/16/20 3/17/21 3/16/22 3/15/23 3/19/24 - - -
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ZTO Express (Cayman) Inc.

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
21
Last Close Price
156.6 CNY
Average target price
203.7 CNY
Spread / Average Target
+30.07%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Courier Services

1st Jan change Capi.
ZTO EXPRESS (CAYMAN) INC. Stock ZTO Express (Cayman) Inc.
+1.55% 17.39B
S.F. HOLDING CO., LTD. Stock S.F. Holding Co., Ltd.
-10.05% 24.29B
POSTE ITALIANE S.P.A. Stock Poste Italiane S.p.A.
+14.84% 16.32B
YTO EXPRESS GROUP CO.,LTD. Stock YTO Express Group Co.,Ltd.
+28.97% 7.53B
DEPPON LOGISTICS CO., LTD. Stock DEPPON LOGISTICS Co., LTD.
+14.93% 2.34B
OSTERREICHISCHE POST AG Stock Osterreichische Post AG
-7.49% 2.18B
STO EXPRESS CO.,LTD Stock STO Express Co.,Ltd
+18.49% 1.92B
HANGZHOU SF INTRA-CITY INDUSTRIAL CO., LTD. Stock Hangzhou SF Intra-city Industrial Co., Ltd.
-4.14% 1.17B
SINGAPORE POST LIMITED Stock Singapore Post Limited
-6.32% 735M
CTT-CORREIOS DE PORTUGAL, S.A. Stock CTT-Correios de Portugal, S.A.
+27.94% 665M
Courier Services
  1. Stock Market
  2. Equities
  3. ZTO Stock
  4. Financials ZTO Express (Cayman) Inc.