ZTO Express Ratios and Metrics

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

Millions HKD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 21, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	137,844	128,342	121,275	133,773	169,650	177,901
Market Cap Growth	17.16%	5.83%	-9.34%	-21.15%	-4.64%	-5.84%
Enterprise Value	128,830	114,931	116,739	134,827	162,618	169,070
Last Close Price	178.60	159.74	143.69	146.92	189.45	191.85
PE Ratio	13.17	12.70	12.93	13.88	22.04	30.48
PS Ratio	2.36	2.35	2.57	3.16	4.24	4.77
PB Ratio	1.93	1.72	1.82	2.01	2.76	2.96
P/TBV Ratio	2.38	2.08	2.21	2.43	3.39	3.71
P/FCF Ratio	16.89	17.08	18.32	17.77	34.02	-
P/OCF Ratio	9.78	9.64	9.97	9.09	13.07	20.07
EV/Sales Ratio	2.20	2.10	2.48	3.19	4.07	4.53
EV/EBITDA Ratio	7.72	7.43	7.40	9.44	13.82	17.83
EV/EBIT Ratio	10.53	9.82	9.30	12.14	18.59	25.03
EV/FCF Ratio	15.79	15.29	17.63	17.91	32.61	-
Debt / Equity Ratio	0.35	0.17	0.28	0.26	0.24	0.09
Debt / EBITDA Ratio	1.49	0.80	1.14	1.15	1.19	0.52
Debt / FCF Ratio	3.04	1.70	2.79	2.26	2.93	-
Net Debt / Equity Ratio	-0.14	-0.21	-0.08	-0.07	-0.08	-0.17
Net Debt / EBITDA Ratio	-0.61	-1.03	-0.35	-0.34	-0.45	-1.09
Net Debt / FCF Ratio	-1.21	-2.12	-0.83	-0.65	-1.05	7.41
Asset Turnover	0.54	0.54	0.49	0.46	0.50	0.50
Inventory Turnover	1037.30	929.78	917.23	779.95	426.53	350.16
Quick Ratio	1.36	1.22	0.86	1.03	1.14	1.07
Current Ratio	1.64	1.49	1.07	1.34	1.49	1.44
Return on Equity (ROE)	14.88%	14.23%	14.46%	15.26%	12.88%	9.59%
Return on Assets (ROA)	6.98%	7.17%	8.16%	7.55%	6.84%	5.64%
Return on Invested Capital (ROIC)	16.53%	15.81%	15.77%	15.63%	13.76%	12.29%
Return on Capital Employed (ROCE)	14.40%	15.40%	18.40%	14.70%	12.50%	11.10%
Earnings Yield	7.59%	7.87%	7.74%	7.21%	4.54%	3.28%
FCF Yield	5.92%	5.86%	5.46%	5.63%	2.94%	-0.79%
Dividend Yield	3.02%	3.36%	3.78%	3.30%	-	-
Payout Ratio	40.79%	41.36%	63.58%	23.69%	19.43%	28.48%
Buyback Yield / Dilution	2.99%	2.10%	0.06%	-2.28%	-0.04%	-2.99%
Total Shareholder Return	6.01%	5.47%	3.84%	1.02%	-0.04%	-2.99%

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