(ZTO) ZTO Express (Cayman) - Overview

Sector: IndustrialsIndustry: Integrated Freight & Logistics | Exchange NYSE (USA) | Currency USD | Market Cap: 19.251m | Total Return 23.3% in 12m

Stock: Delivery Services, Freight Forwarding, Logistics

Total Rating 63
Risk 82
Buy Signal -0.28
Risk 5d forecast
Volatility 34.8%
Relative Tail Risk -7.48%
Reward TTM
Sharpe Ratio 0.69
Alpha 19.48
Character TTM
Beta 0.191
Beta Downside -0.082
Drawdowns 3y
Max DD 44.86%
CAGR/Max DD -0.06

EPS (Earnings per Share)

EPS (Earnings per Share) of ZTO over the last years for every Quarter: "2021-03": 0.64, "2021-06": 0.94, "2021-09": 1.43, "2021-12": 2.18, "2022-03": 1.34, "2022-06": 2.23, "2022-09": 2.37, "2022-12": 2.61, "2023-03": 0.32, "2023-06": 3.07, "2023-09": 2.84, "2023-12": 2.66, "2024-03": 1.75, "2024-06": 4.31, "2024-09": 2.91, "2024-12": 3.24, "2025-03": 2.71, "2025-06": 2.37, "2025-09": 3.06, "2025-12": 3.31,

Revenue

Revenue of ZTO over the last years for every Quarter: 2021-03: 6472.537, 2021-06: 7325.06, 2021-09: 7390.723, 2021-12: 9217.519, 2022-03: 7904.05, 2022-06: 8656.677, 2022-09: 8944.942, 2022-12: 9871.327, 2023-03: 8983.239, 2023-06: 9740.324, 2023-09: 9075.918, 2023-12: 10619.434, 2024-03: 9960.006, 2024-06: 10725.964, 2024-09: 10675.048, 2024-12: 12919.702, 2025-03: 10891.465, 2025-06: 11831.807, 2025-09: 11802.676694, 2025-12: 14310.423266,

Description: ZTO ZTO Express (Cayman) March 05, 2026

ZTO Express (Cayman) Inc. (NYSE: ZTO) operates as an express delivery and logistics provider in China. The companys primary services include freight forwarding and parcel delivery for e-commerce and traditional merchants. The Chinese express delivery market is characterized by high volume and intense competition.

Founded in 2002 and headquartered in Shanghai, ZTO Express is a significant player in the logistics sector, which is crucial for e-commerce growth. Further research on ValueRay can provide more detailed insights into ZTOs performance and market position.

Headlines to watch out for

  • E-commerce growth fuels parcel volume expansion
  • Fuel price volatility impacts transportation costs
  • Regulatory changes in Chinas logistics sector
  • Competition erodes express delivery service margins
  • Labor costs increase pressure on profitability

Piotroski VR‑10 (Strict, 0-10) 8.5

Net Income: 9.03b TTM > 0 and > 6% of Revenue
FCF/TA: 0.08 > 0.02 and ΔFCF/TA 4.72 > 1.0
NWC/Revenue: 22.73% < 20% (prev 4.70%; Δ 18.04% < -1%)
CFO/TA 0.17 > 3% & CFO 15.08b > Net Income 9.03b
Net Debt (1.03b) to EBITDA (11.82b): 0.09 < 3
Current Ratio: 1.49 > 1.5 & < 3
Outstanding Shares: last quarter (793.3m) vs 12m ago -5.21% < -2%
Gross Margin: 24.99% > 18% (prev 0.31%; Δ 2.47k% > 0.5%)
Asset Turnover: 53.25% > 50% (prev 47.95%; Δ 5.30% > 0%)
Interest Coverage Ratio: 39.92 > 6 (EBITDA TTM 11.82b / Interest Expense TTM 193.9m)

Altman Z'' 4.78

A: 0.12 (Total Current Assets 33.99b - Total Current Liabilities 22.88b) / Total Assets 91.08b
B: 0.47 (Retained Earnings 42.95b / Total Assets 91.08b)
C: 0.08 (EBIT TTM 7.74b / Avg Total Assets 91.71b)
D: 1.78 (Book Value of Equity 42.67b / Total Liabilities 23.90b)
Altman-Z'' Score: 4.78 = AA

Beneish M -2.67

DSRI: 1.32 (Receivables 2.44b/1.67b, Revenue 48.84b/44.28b)
GMI: 1.24 (GM 24.99% / 30.98%)
AQI: 0.78 (AQ_t 0.23 / AQ_t-1 0.30)
SGI: 1.10 (Revenue 48.84b / 44.28b)
TATA: -0.07 (NI 9.03b - CFO 15.08b) / TA 91.08b)
Beneish M-Score: -2.67 (Cap -4..+1) = A

What is the price of ZTO shares?

As of March 29, 2026, the stock is trading at USD 24.06 with a total of 1,187,879 shares traded.
Over the past week, the price has changed by -1.64%, over one month by -1.31%, over three months by +13.76% and over the past year by +23.32%.

Is ZTO a buy, sell or hold?

ZTO Express (Cayman) has received a consensus analysts rating of 4.57. Therefore, it is recommended to buy ZTO.
  • StrongBuy: 14
  • Buy: 5
  • Hold: 2
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the ZTO price?

Issuer Target Up/Down from current
Wallstreet Target Price 27.9 16%
Analysts Target Price 27.9 16%

ZTO Fundamental Data Overview March 26, 2026

P/E Trailing = 15.5988
P/E Forward = 13.6054
P/S = 0.3921
P/B = 1.9755
P/EG = 1.2486
Revenue TTM = 48.84b USD
EBIT TTM = 7.74b USD
EBITDA TTM = 11.82b USD
Long Term Debt = 289.3m USD (from longTermDebt, two quarters ago)
Short Term Debt = 11.08b USD (from shortTermDebt, last quarter)
Debt = 11.08b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.03b USD (from netDebt column, last quarter)
Enterprise Value = 4.65b USD (19.25b + Debt 11.08b - CCE 25.68b)
Interest Coverage Ratio = 39.92 (Ebit TTM 7.74b / Interest Expense TTM 193.9m)
EV/FCF = 0.61x (Enterprise Value 4.65b / FCF TTM 7.62b)
FCF Yield = 163.8% (FCF TTM 7.62b / Enterprise Value 4.65b)
FCF Margin = 15.61% (FCF TTM 7.62b / Revenue TTM 48.84b)
Net Margin = 18.49% (Net Income TTM 9.03b / Revenue TTM 48.84b)
Gross Margin = 24.99% ((Revenue TTM 48.84b - Cost of Revenue TTM 36.63b) / Revenue TTM)
Gross Margin QoQ = 25.37% (prev 24.91%)
Tobins Q-Ratio = 0.05 (Enterprise Value 4.65b / Total Assets 91.08b)
Interest Expense / Debt = 0.24% (Interest Expense 26.8m / Debt 11.08b)
Taxrate = 19.16% (629.3m / 3.29b)
NOPAT = 6.26b (EBIT 7.74b * (1 - 19.16%))
Current Ratio = 1.49 (Total Current Assets 33.99b / Total Current Liabilities 22.88b)
Debt / Equity = 0.17 (Debt 11.08b / totalStockholderEquity, last quarter 66.43b)
Debt / EBITDA = 0.09 (Net Debt 1.03b / EBITDA 11.82b)
Debt / FCF = 0.14 (Net Debt 1.03b / FCF TTM 7.62b)
Total Stockholder Equity = 64.39b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.85% (Net Income 9.03b / Total Assets 91.08b)
RoE = 14.03% (Net Income TTM 9.03b / Total Stockholder Equity 64.39b)
RoCE = 11.97% (EBIT 7.74b / Capital Employed (Equity 64.39b + L.T.Debt 289.3m))
RoIC = 7.89% (NOPAT 6.26b / Invested Capital 79.32b)
WACC = 4.30% (E(19.25b)/V(30.33b) * Re(6.66%) + D(11.08b)/V(30.33b) * Rd(0.24%) * (1-Tc(0.19)))
Discount Rate = 6.66% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: -100.0 | Cagr: -2.66%
[DCF] Terminal Value 88.44% ; FCFF base≈5.92b ; Y1≈7.31b ; Y5≈12.46b
[DCF] Fair Price = 650.6 (EV 361.60b - Net Debt 1.03b = Equity 360.57b / Shares 554.2m; r=6.0% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 41.24 | EPS CAGR: 27.27% | SUE: 0.17 | # QB: 0
Revenue Correlation: 91.37 | Revenue CAGR: 17.15% | SUE: -0.09 | # QB: 0
EPS next Quarter (2026-06-30): EPS=3.23 | Chg7d=+0.381 | Chg30d=+0.381 | Revisions Net=+1 | Analysts=2
EPS current Year (2026-12-31): EPS=13.16 | Chg7d=+0.566 | Chg30d=+0.618 | Revisions Net=+9 | Growth EPS=+14.2% | Growth Revenue=+12.8%
EPS next Year (2027-12-31): EPS=14.70 | Chg7d=+0.895 | Chg30d=+0.948 | Revisions Net=+9 | Growth EPS=+11.7% | Growth Revenue=+9.2%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 1.5% (Discount Rate 7.9% - Earnings Yield 6.4%)
[Growth] Growth Spread = +18.4% (Analyst 20.0% - Implied 1.5%)

Additional Sources for ZTO Stock

Fund Manager Positions: Dataroma | Stockcircle