ZTO Express (Cayman) (ZTO)

Industrials · Integrated Freight & Logistics
$19.68 -0.10% on the day Market cap $14.0B 52-week range $18.11 to $26.20 Prices as of Oct 7, 2026
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What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

ZTO Express (Cayman)'s free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

B

Five factors scored 1 to 9 from ZTO's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation8
Profitability6
Growth5
Financial health5
Cash efficiency7

Key numbers

P/E (trailing)10.8x
P/E (forward)9.62x
Price / free cash flow2.37x
EV / EBITDA9.63x
Price / sales0.27x
Price / book1.53x
Revenue growth+10.9%
Operating margin21.3%
Net margin18.5%
Return on equity13.7%
Dividend yield3.8%
Debt / equity0.36x

Results from SEC filings

Fiscal years, from ZTO Express (Cayman)'s 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$30.4B$35.4B$38.4B$44.3B$49.1B
Net income$4.8B$6.8B$8.7B$8.8B$9.1B
Free cash flow-$1.1B$4.4B$6.8B$6.2B$6.8B
EPS (diluted)$5.80$8.36$10.60$10.70$11.19
Operating margin18.1%21.9%26.0%26.6%21.3%

Where the revenue comes from

Revenue by products, fiscal 2024.

Express delivery services$41.0B92%
Sale of accessories$2.3B5%
Freight forwarding services$885M2%
Others$142M0%

Superinvestors who own ZTO

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Richard Pzena
Pzena Investment Management		 Trimmed $164M0.48%Q2 2026

Insider buying

Open-market purchases by ZTO Express (Cayman)'s executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of ZTO in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters
Open ZTO in Investingly

Questions

Are ZTO Express (Cayman) insiders buying the stock?

No open-market insider purchases of ZTO in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own ZTO Express (Cayman)?

1 of the superinvestors Investingly tracks hold ZTO in their latest 13F, including Richard Pzena.

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Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.