ZKH Valuation

ZKH Group Ltd

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2.880

+0.02(0.699%)1D

Overview
Forecast
Valuation
Earnings

ZKH Relative Valuation

ZKH's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ZKH is overvalued; if below, it's undervalued.

Historical Valuation

ZKH Group Ltd (ZKH) is now in the Undervalued zone, suggesting that its current forward PS ratio of 0.35 is considered Undervalued compared with the five-year average of -33.00. The fair price of ZKH Group Ltd (ZKH) is between 2.93 to 12.43 according to relative valuation methord. Compared to the current price of 2.87 USD , ZKH Group Ltd is Undervalued By 2.09%.

Relative Value

Fair Zone

2.93-12.43

Current Price：2.87

2.09%

Undervalued

90.47

Trailing

Forward

31.20

EV/EBITDA

ZKH Group Ltd. (ZKH) has a current EV/EBITDA of 31.20. The 5-year average EV/EBITDA is 7.73. The thresholds are as follows: Strongly Undervalued below -229.83, Undervalued between -229.83 and -111.05, Fairly Valued between 126.51 and -111.05, Overvalued between 126.51 and 245.29, and Strongly Overvalued above 245.29. The current Forward EV/EBITDA of 31.20 falls within the Historic Trend Line -Fairly Valued range.

-13.58

EV/EBIT

ZKH Group Ltd. (ZKH) has a current EV/EBIT of -13.58. The 5-year average EV/EBIT is -25.15. The thresholds are as follows: Strongly Undervalued below -219.48, Undervalued between -219.48 and -122.31, Fairly Valued between 72.02 and -122.31, Overvalued between 72.02 and 169.18, and Strongly Overvalued above 169.18. The current Forward EV/EBIT of -13.58 falls within the Historic Trend Line -Fairly Valued range.

0.35

ZKH Group Ltd. (ZKH) has a current PS of 0.35. The 5-year average PS is 0.82. The thresholds are as follows: Strongly Undervalued below -0.61, Undervalued between -0.61 and 0.10, Fairly Valued between 1.53 and 0.10, Overvalued between 1.53 and 2.25, and Strongly Overvalued above 2.25. The current Forward PS of 0.35 falls within the Historic Trend Line -Fairly Valued range.

16.35

P/OCF

ZKH Group Ltd. (ZKH) has a current P/OCF of 16.35. The 5-year average P/OCF is 35.23. The thresholds are as follows: Strongly Undervalued below -44.66, Undervalued between -44.66 and -4.72, Fairly Valued between 75.18 and -4.72, Overvalued between 75.18 and 115.12, and Strongly Overvalued above 115.12. The current Forward P/OCF of 16.35 falls within the Historic Trend Line -Fairly Valued range.

-1630.91

P/FCF

ZKH Group Ltd. (ZKH) has a current P/FCF of -1630.91. The 5-year average P/FCF is -336.80. The thresholds are as follows: Strongly Undervalued below -1628.41, Undervalued between -1628.41 and -982.61, Fairly Valued between 309.00 and -982.61, Overvalued between 309.00 and 954.81, and Strongly Overvalued above 954.81. The current Forward P/FCF of -1630.91 falls within the Strongly Undervalued range.

ZKH Group Ltd (ZKH) has a current Price-to-Book (P/B) ratio of 1.11. Compared to its 3-year average P/B ratio of 2.34 , the current P/B ratio is approximately -52.83% higher. Relative to its 5-year average P/B ratio of 2.34, the current P/B ratio is about -52.83% higher. ZKH Group Ltd (ZKH) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of -0.50%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of -0.50% , the current FCF yield is about -100.00% lower.

1.11

P/B

Median3y

2.34

Median5y

2.34

0.00

FCF Yield

Median3y

-0.50

Median5y

-0.50

Competitors Valuation Multiple

The average P/S ratio for ZKH's competitors is 1.17, providing a benchmark for relative valuation. ZKH Group Ltd Corp (ZKH) exhibits a P/S ratio of 0.35, which is -70.40% above the industry average. Given its robust revenue growth of -3.70%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Ollie's Bargain Outlet Holdings Inc

Performance Decomposition

Market capitalization of ZKH decreased by 22.49% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -13.01 to -14.40.

The secondary factor is the Revenue Growth, contributed -3.70%to the performance.

Overall, the performance of ZKH in the past 1 year is driven by P/E Change. Which is more unsustainable.

-3.70%

2.25B → 2.17B

Revenue Growth

-29.45%

-4.89 → -3.45

Margin Expansion

10.66%

-13.01 → -14.40

P/E Change

-22.49%