Zai Lab Limited (HKG:9688)

Zai Lab Statistics

Total Valuation

Zai Lab has a market cap or net worth of HKD 17.24 billion. The enterprise value is 13.36 billion.

Market Cap	17.24B
Enterprise Value	13.36B

Important Dates

The last earnings date was Thursday, November 6, 2025.

Earnings Date	Nov 6, 2025
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	1.11B
Shares Outstanding	n/a
Shares Change (YoY)	+10.28%
Shares Change (QoQ)	+0.93%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	103.15M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	5.02
PB Ratio	2.92
P/TBV Ratio	3.16
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	-8.30
EV / Sales	3.89
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	-9.01

Financial Position

The company has a current ratio of 2.87, with a Debt / Equity ratio of 0.29.

Current Ratio	2.87
Quick Ratio	2.29
Debt / Equity	0.29
Debt / EBITDA	n/a
Debt / FCF	-1.15
Interest Coverage	-47.96

Financial Efficiency

Return on equity (ROE) is -28.97% and return on invested capital (ROIC) is -16.07%.

Return on Equity (ROE)	-28.97%
Return on Assets (ROA)	-13.29%
Return on Invested Capital (ROIC)	-16.07%
Return on Capital Employed (ROCE)	-28.52%
Revenue Per Employee	1.84M
Profits Per Employee	-860,959
Employee Count	1,869
Asset Turnover	0.41
Inventory Turnover	7.52

Taxes

Income Tax	n/a
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -26.02% in the last 52 weeks. The beta is 0.85, so Zai Lab's price volatility has been lower than the market average.

Beta (5Y)	0.85
52-Week Price Change	-26.02%
50-Day Moving Average	22.19
200-Day Moving Average	25.50
Relative Strength Index (RSI)	18.87
Average Volume (20 Days)	14,826,895

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	6.42

Income Statement

In the last 12 months, Zai Lab had revenue of HKD 3.44 billion and -1.61 billion in losses. Loss per share was -14.96.

Revenue	3.44B
Gross Profit	315.54M
Operating Income	-1.77B
Pretax Income	-1.61B
Net Income	-1.61B
EBITDA	-1.66B
EBIT	-1.77B
Loss Per Share	-14.96

Balance Sheet

The company has 5.58 billion in cash and 1.71 billion in debt, giving a net cash position of 3.87 billion.

Cash & Cash Equivalents	5.58B
Total Debt	1.71B
Net Cash	3.87B
Net Cash Per Share	n/a
Equity (Book Value)	5.91B
Book Value Per Share	53.47
Working Capital	5.24B

Cash Flow

In the last 12 months, operating cash flow was -1.40 billion and capital expenditures -77.99 million, giving a free cash flow of -1.48 billion.

Operating Cash Flow	-1.40B
Capital Expenditures	-77.99M
Free Cash Flow	-1.48B
FCF Per Share	n/a

Margins

Gross margin is 9.18%, with operating and profit margins of -51.61% and -46.83%.

Gross Margin	9.18%
Operating Margin	-51.61%
Pretax Margin	-46.83%
Profit Margin	-46.83%
EBITDA Margin	-48.41%
EBIT Margin	-51.61%
FCF Margin	n/a

Dividends & Yields

Zai Lab does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	-10.28%
Shareholder Yield	-10.28%
Earnings Yield	-9.33%
FCF Yield	-8.60%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	n/a
Graham Upside	n/a

Stock Splits

The last stock split was on March 30, 2022. It was a forward split with a ratio of 10.

Last Split Date	Mar 30, 2022
Split Type	Forward
Split Ratio	10

Scores

Zai Lab has an Altman Z-Score of 2.43 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.43
Piotroski F-Score	2