# ZTO Express (Cayman) Inc. each representing one. (ZTO) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Industrials / Freight & Logistics. Price $20.24, market value $15.1 billion.

## Valuation
- **P/E (trailing): 11.1×** (5-yr avg 17.4×, 3-yr avg 12.9×). ZTO Express (Cayman) Inc. each representing one. trades at 11.1× 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 9.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.02**. A PEG of 1.02 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: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 1.2×**. Enterprise value is 1.2× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 39.4%** (5-yr avg 3.9%). Free cash flow equals 39.4% 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: 9.0%**. The inverse of the P/E: 9.0% of the price is earned each year.

## Profitability
- **Gross margin: 25.1%**. ZTO Express (Cayman) Inc. each representing one. 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.
- **Current ratio: 1.49** (quick 1.49). Current assets cover the next year's liabilities 1.49 times.
- **Altman Z-score: 4.74**. A Z-score of 4.74 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 3.41%** ($0.69 per share, trailing). ZTO Express (Cayman) Inc. each representing one. yields 3.41%, 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** (17 analysts). 17 analysts cover ZTO Express (Cayman) Inc. each representing one.; the consensus is buy, with an average price target of $27.62 (+36% 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): 11.2%** (YTD -1.0%, 3-mo -17.3%). The shares are up 11.2% over twelve months including dividends.
- **From 52-week high: -22.7%** (10.5% above the low). Trading 23% 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): 54**. An RSI of 54 is neutral.
- **Beta (1 yr): 0.17** (volatility 24%). Beta of 0.17 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.