# ZTO Express (Cayman) Inc. American (ZTO) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Air Freight & Logistics. Price $20.95, market value $15.9 billion.

## Valuation
- **P/E (trailing): 11.0×** (5-yr avg 17.4×, 3-yr avg 12.9×). ZTO Express (Cayman) Inc. American trades at 11.0× trailing earnings, well below its own five-year average of 17.4×: cheap by its own standards. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 9.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.06**. A PEG of 1.06 is in the range usually read as fairly priced for its growth.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.7×**. The shares trade at 1.7× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 1.3×**. Enterprise value is 1.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 37.5%** (5-yr avg 3.9%). Free cash flow equals 37.5% of the market value, above its five-year average of 3.9%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 9.1%**. The inverse of the P/E: 9.1% of the price is earned each year.

## Profitability
- **Gross margin: 25.1%**. ZTO Express (Cayman) Inc. American keeps 25.1% of revenue after the direct cost of what it sells.
- **Operating margin: 21.0%**. 21.0% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 18.5%**. 18.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.7%**. 13.7% on shareholders' equity is solid.
- **Return on invested capital: 102.3%**. Return on all capital, debt included, is 102.3%: comfortably above what that capital costs.
- **Return on assets: 79.3%**. Each dollar of assets produces 79.3% of profit.

## Growth
- **Revenue growth (1 yr): 15.7%** (3-yr 11.0%/yr, 5-yr 12.7%/yr). Revenue grew 15.7% over the last year, against 12.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 8.8%** (3-yr 9.8%/yr, 5-yr 14.0%/yr). Earnings per share rose 8.8%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 14.7%/yr**. Free cash flow has compounded at 14.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.16**. Debt is 0.16 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.0×**. It would take 0.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 56.1×**. Operating profit covers interest 56.1× over, a safe margin.
- **Altman Z-score: 4.73**. A Z-score of 4.73 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.29%** ($0.69 per share, trailing). ZTO Express (Cayman) Inc. American yields 3.29%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 41%**. 41% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 16.4%/yr** (1-yr -34.0%). The dividend has compounded at 16.4% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: buy** (18 analysts). 18 analysts cover ZTO Express (Cayman) Inc. American; the consensus is buy, with an average price target of $28.16 (+34% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 17.0%** (YTD 1.9%, 3-mo -6.0%). The shares are up 17.0% over twelve months including dividends.
- **From 52-week high: -20.0%** (15.7% above the low). Trading 20% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 30**. An RSI of 30 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 0.28** (volatility 23%). Beta of 0.28 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ZTO · Page: https://foliofundamentals.com/stocks/zto

Not investment advice.