ZTO Express (Cayman) Inc
Research ZTO Express (Cayman) Inc (ZTO) on Bullrun: valuation model: 13.4% undervalued, market cap USD 11.17B, P/E 11.0, dividend yield 1.9%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerZTO
- ExchangeNYSE
- CountryChina
- SectorIndustrials
- IndustryIntegrated Freight & Logistics
- CurrencyUSD
- Valuation signal13.4% undervalued
- Market capUSD 11.17B
- P/E11.0
- Dividend yield1.9%
- Financial periodQ2 2026
- RevenueCNY 14.55B
- Net incomeCNY 3.05B
- Free cash flowCNY 1.80B
- Gross margin25.7%
Valuation Snapshot
Bullrun's latest valuation model marks ZTO Express (Cayman) Inc as 13.4% undervalued; latest market cap is USD 11.17B; P/E is 11.0; dividend yield is 1.9%.
Peer valuation comparison
Latest P/E is 11.02x versus a Industrials sector median of 21.2x (48.0% below).
Latest dividend yield is 1.91% versus a Industrials sector median of 2.27% (15.9% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | CNY 49.10B | CNY 9.08B | CNY 5.89B | 25.0% | 11.19 | CNY 10.01B | CNY 11.48B | CNY 66.38B |
| FY2024 | CNY 44.28B | CNY 8.82B | CNY 5.53B | 31.0% | 10.7 | CNY 13.47B | CNY 17.35B | CNY 62.06B |
| FY2023 | CNY 38.42B | CNY 8.75B | CNY 6.69B | 30.4% | 10.6 | CNY 12.33B | CNY 15.44B | CNY 59.80B |
| FY2022 | CNY 35.38B | CNY 6.81B | CNY 4.07B | 25.6% | 8.36 | CNY 11.69B | CNY 13.12B | CNY 54.03B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 11.17B | 11.0 | 1.9% | 0.39 |
| 2025 | 2025-12-31 | USD 16.52B | 13.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 15.61B | 13.2 | 5.0% | 0.97 |
| 2023 | 2023-12-29 | USD 17.12B | 14.4 | 1.7% | 0.37 |
| 2022 | 2022-12-30 | USD 21.76B | 22.4 | 0.9% | 0.25 |
| 2021 | 2021-12-31 | USD 22.81B | 31.4 | 0.9% | 0.25 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.39 USD, yield 1.9%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.97 CNY |
| FY2023 | 0.37 CNY |
| FY2022 | 0.25 CNY |
About ZTO Express (Cayman) Inc
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.
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Frequently asked questions
Is ZTO Express (Cayman) Inc overvalued or undervalued?
Bullrun's valuation model currently marks ZTO Express (Cayman) Inc as 13.4% undervalued.
What is ZTO Express (Cayman) Inc's market cap?
ZTO Express (Cayman) Inc's market capitalization is USD 11.17B.
What is ZTO Express (Cayman) Inc's P/E ratio?
ZTO Express (Cayman) Inc's price-to-earnings (P/E) ratio is 11.0.
Does ZTO Express (Cayman) Inc pay a dividend?
ZTO Express (Cayman) Inc has a dividend yield of 1.9%.
What does ZTO Express (Cayman) Inc do?
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.