ZTO Express

HK$163.60As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2057Industrials

Country Hong Kong

PE (Fwd) 11.00

TSR 6Y CAGR (3.00%)

Div yield 3.47%

ROE —

Integrated Freight & Logistics

Beta (5Y) (0.17)

PE TTM 12.58

TSR TTM 16.57%

Mkt cap HK$121.4B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

$164

0.11%

128.96%

Price below Reference Value

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

49.10

Revenue¥B

—

30.41

35.38

38.42

44.28

49.10

52.59

12.73%

10.88

Revenue growth%

—

16.35

8.60

15.26

10.88

7.11

13.07

—

24.99

Gross margin%

—

21.67

25.55

30.36

30.98

24.99

25.11

25.55

21.43

Operating margin%

—

18.10

21.87

26.25

26.65

21.43

21.55

21.87

18.49

Net margin%

—

15.64

19.25

22.77

19.91

18.49

18.61

19.25

12.58

P/E ratio (avg)x

—

33.64

21.23

17.09

14.58

12.29

11.68

17.09

10.86

EV/EBITx

—

29.06

18.68

14.82

10.89

10.61

10.08

14.82

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

11.06

EPS¥

—

5.80

8.30

10.43

10.52

11.06

11.92

17.53%

—

5.21

EPS growth%

—

43.15

25.63

0.84

5.21

7.76

15.42

—

Bookvalue per sh¥

—

FCF per share¥

—

4.83

Dividend per sh¥

—

4.40

5.11

4.83

5.14

4.77%

—

3.47

Div yield (avg)%

—

2.47

3.33

3.55

3.69

3.33

—

43.14

Payout ratio%

—

41.47

47.77

43.14

43.13

41.47

820.8

Shares (diluted)M

—

820.0

820.3

838.9

838.4

820.8

◌820.8

0.03%

2.10

Buyback yield%

—

(0.04)

(2.28)

0.06

2.10

◌—

0.01

—

D/E ratiox

—

114.3

Enterprise value¥B

—

159.9

144.5

149.5

128.5

111.6

114.3

(8.60%)

—

LT debt¥M

—

Peers (US$15.52B)

Cap (US$)

J&T Global Express…

11.96B

30.43x

JD Logistics, Inc.

9.091B

8.130x

KLN Logistics Group…

1.296B

7.072x

C.H. Robinson Worldwid…

14.53B

22.52x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

42.32

40.61

Own earn%

—

Sh yield%

5.57

1.79

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

0.42

Record

10Y

Profitable years

5/5

Revenue growth years

4/4

EPS growth years

4/4

Dividend streakyrs

Op margin range%

18–27

$1 testx

—

Incr. ROIC%

—

ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It also offers less-than-truckload (LTL) logistics services; integrated logistics solutions for warehousing, distribution, and transportation; and freight forwarding services. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

¥49.10B

12.73%

1.00×

Cost of revenue

¥36.83B

11.51%

0.96×

Operating expenses

¥1.751B

12.67%

1.00×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m