ZTO

ZTO Express (Cayman) Inc

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Advanced Chart

20.290

+0.05(0.247%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

20.370

Open

20.310

VWAP

20.27

Vol

1.62M

Mkt Cap

16.32B

Low

20.100

Amount

32.79M

EV/EBITDA(TTM)

7.63

Total Shares

806.67M

15.66B

EV/OCF(TTM)

9.60

P/S(TTM)

2.75

ZTO Express Cayman Inc is a holding company that provides express delivery services and other value-added logistics services through a nationwide network. The express delivery services mainly include parcel sorting and route transportation. The Company provides express delivery services directly to corporate customers, including vertical e-commerce and traditional merchants, as well as delivering products to end consumers. The Company also provides freight forwarding services. The Company mainly operates within the domestic market.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

14.39B

+11.36%

2.683

-17.2%

12.17B

+14.04%

2.464

-15.33%

11.92B

+11.15%

2.863

-15.29%

Estimates Revision

Stock Price

Go Up

+5.95%

In Past 3 Month

7 Analyst Rating

9.22% Upside

Wall Street analysts forecast ZTO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZTO is 22.16 USD with a low forecast of 19.00 USD and a high forecast of 24.60 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

6 Buy

1 Hold

0 Sell

Strong Buy

9.22% Upside

Current: 20.290

Low

19.00

Averages

22.16

High

24.60

9.22% Upside

Current: 20.290

Low

19.00

Averages

22.16

High

24.60

Morgan Stanley

Overweight

downgrade

2025-07-02

Reason

Morgan Stanley

Price Target

2025-07-02

downgrade

Overweight

Reason

Morgan Stanley lowered the firm's price target on ZTO Express to $24.20 from $24.60 and keeps an Overweight rating on the shares. The firm expects ZTO's "cost" of market share gain to gradually reduce in the coming quarters, the analyst tells investors in a research note.

JPMorgan

Neutral -> Overweight

upgrade

$21

2025-05-29

Reason

JPMorgan

Price Target

$21

2025-05-29

upgrade

Neutral -> Overweight

Reason

JPMorgan upgraded ZTO Express to Overweight from Neutral with a $21 price target.

JPMorgan

Neutral -> Overweight

upgrade

$23 -> $21

2025-05-29

Reason

JPMorgan

Price Target

$23 -> $21

2025-05-29

upgrade

Neutral -> Overweight

Reason

Citi

Buy

downgrade

2025-05-22

Reason

Citi

Price Target

2025-05-22

downgrade

Buy

Reason

Citi lowered the firm's price target on ZTO Express to $22.60 from $26.40 and keeps a Buy rating on the shares. Amid more intense than expected price competition, product structure change and volume incentives may continue to impact ZTO's selling prices, the analyst tells investors in a research note. The firm says that while ZTO's April faced some challenge in volume growth, recent May parcel volume growth was around 20% year-over-year.

BofA

Fan Tso

Buy

Neutral

downgrade

$24 -> $19

2025-05-22

Reason

BofA

Fan Tso

Price Target

$24 -> $19

2025-05-22

downgrade

Buy

Neutral

Reason

HSBC

Parash Jain

Hold

Strong Buy

Upgrades

$22

2025-04-14

Reason

HSBC

Parash Jain

Price Target

$22

2025-04-14

Upgrades

Hold

Strong Buy

Reason

HSBC upgraded ZTO Express to Buy from Hold with a $22 price target.

See All Ratings

Valuation Metrics

The current forward P/E ratio for ZTO Express (Cayman) Inc (ZTO.N) is 13.95, compared to its 5-year average forward P/E of 19.62. For a more detailed relative valuation and DCF analysis to assess ZTO Express (Cayman) Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

19.62

Current PE

13.95

Overvalued PE

27.40

Undervalued PE

11.83

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

11.59

Current EV/EBITDA

7.22

Overvalued EV/EBITDA

16.22

Undervalued EV/EBITDA

6.97

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Undervalued

5Y Average PS

3.75

Current PS

2.31

Overvalued PS

4.93

Undervalued PS

2.58