ZTO Express Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 19, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Market Capitalization	16,499	15,081	15,492	20,359	20,061	19,920
Market Cap Growth	13.57%	-2.66%	-23.90%	1.49%	0.70%	22.43%
Enterprise Value	15,037	14,517	15,614	19,515	19,065	17,718
Last Close Price	21.00	17.97	17.07	22.60	21.12	20.23
PE Ratio	15.59	12.93	13.88	22.04	30.48	36.89
PS Ratio	2.90	2.57	3.16	4.24	4.77	6.31
PB Ratio	2.11	1.82	2.01	2.76	2.96	3.24
P/TBV Ratio	2.54	2.21	2.43	3.39	3.71	3.94
P/FCF Ratio	25.81	18.32	17.77	34.02	-	-
P/OCF Ratio	13.07	9.97	9.09	13.07	20.07	32.13
EV/Sales Ratio	2.65	2.48	3.19	4.07	4.53	5.61
EV/EBITDA Ratio	8.73	7.40	9.44	13.82	17.83	21.46
EV/EBIT Ratio	11.65	9.30	12.14	18.59	25.03	29.76
EV/FCF Ratio	23.52	17.63	17.91	32.61	-	-
Debt / Equity Ratio	0.19	0.28	0.26	0.24	0.09	0.04
Debt / EBITDA Ratio	0.86	1.14	1.15	1.19	0.52	0.31
Debt / FCF Ratio	2.32	2.79	2.26	2.93	-	-
Net Debt / Equity Ratio	-0.20	-0.08	-0.07	-0.08	-0.17	-0.32
Net Debt / EBITDA Ratio	-0.92	-0.35	-0.34	-0.45	-1.09	-2.40
Net Debt / FCF Ratio	-2.42	-0.83	-0.65	-1.05	7.41	6.91
Asset Turnover	0.52	0.49	0.46	0.50	0.50	0.48
Inventory Turnover	926.45	917.23	779.95	426.53	350.16	399.88
Quick Ratio	1.10	0.86	1.03	1.14	1.07	2.01
Current Ratio	1.38	1.07	1.34	1.49	1.44	2.39
Return on Equity (ROE)	14.21%	14.46%	15.26%	12.88%	9.59%	9.89%
Return on Assets (ROA)	7.32%	8.16%	7.55%	6.84%	5.64%	5.66%
Return on Invested Capital (ROIC)	15.59%	15.77%	15.63%	13.76%	12.29%	14.63%
Return on Capital Employed (ROCE)	16.20%	18.40%	14.70%	12.50%	11.10%	9.50%
Earnings Yield	6.41%	7.74%	7.21%	4.54%	3.28%	2.71%
FCF Yield	3.87%	5.46%	5.63%	2.94%	-0.79%	-1.44%
Dividend Yield	2.64%	3.76%	3.29%	-	-	-
Payout Ratio	63.42%	63.58%	23.69%	19.43%	28.48%	38.25%
Buyback Yield / Dilution	0.79%	0.06%	-2.28%	-0.04%	-2.99%	-1.51%
Total Shareholder Return	3.44%	3.82%	1.01%	-0.04%	-2.99%	-1.51%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.