Zai Lab Limited (HKG:9688)

Zai Lab Statistics

Total Valuation

Zai Lab has a market cap or net worth of HKD 15.36 billion. The enterprise value is 11.72 billion.

Market Cap	15.36B
Enterprise Value	11.72B

Important Dates

The last earnings date was Thursday, February 26, 2026.

Earnings Date	Feb 26, 2026
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	1.12B
Shares Outstanding	n/a
Shares Change (YoY)	+10.70%
Shares Change (QoQ)	+0.36%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	103.02M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	4.29
PB Ratio	2.76
P/TBV Ratio	3.10
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	-8.57
EV / Sales	3.25
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	-9.47

Financial Position

The company has a current ratio of 2.45, with a Debt / Equity ratio of 0.31.

Current Ratio	2.45
Quick Ratio	1.94
Debt / Equity	0.31
Debt / EBITDA	n/a
Debt / FCF	-1.41
Interest Coverage	-44.05

Financial Efficiency

Return on equity (ROE) is -22.56% and return on invested capital (ROIC) is -14.83%.

Return on Equity (ROE)	-22.56%
Return on Assets (ROA)	-12.16%
Return on Invested Capital (ROIC)	-14.83%
Return on Capital Employed (ROCE)	-30.34%
Weighted Average Cost of Capital (WACC)	8.36%
Revenue Per Employee	2.01M
Profits Per Employee	-765,853
Employee Count	1,784
Asset Turnover	0.39
Inventory Turnover	7.19

Taxes

Income Tax	-22.78M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -47.99% in the last 52 weeks. The beta is 0.88, so Zai Lab's price volatility has been lower than the market average.

Beta (5Y)	0.88
52-Week Price Change	-47.99%
50-Day Moving Average	14.37
200-Day Moving Average	20.93
Relative Strength Index (RSI)	47.76
Average Volume (20 Days)	8,187,561

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)	6.63

Income Statement

In the last 12 months, Zai Lab had revenue of HKD 3.58 billion and -1.37 billion in losses. Loss per share was -12.47.

Revenue	3.58B
Gross Profit	374.94M
Operating Income	-1.79B
Pretax Income	-1.39B
Net Income	-1.37B
EBITDA	-1.67B
EBIT	-1.79B
Loss Per Share	-12.47

Balance Sheet

The company has 5.37 billion in cash and 1.75 billion in debt, with a net cash position of 3.62 billion.

Cash & Cash Equivalents	5.37B
Total Debt	1.75B
Net Cash	3.62B
Net Cash Per Share	n/a
Equity (Book Value)	5.57B
Book Value Per Share	50.34
Working Capital	4.69B

Cash Flow

In the last 12 months, operating cash flow was -1.17 billion and capital expenditures -63.05 million, giving a free cash flow of -1.24 billion.

Operating Cash Flow	-1.17B
Capital Expenditures	-63.05M
Depreciation & Amortization	117.54M
Net Borrowing	532.04M
Free Cash Flow	-1.24B
FCF Per Share	n/a

Margins

Gross margin is 10.47%, with operating and profit margins of -49.86% and -38.15%.

Gross Margin	10.47%
Operating Margin	-49.86%
Pretax Margin	-38.78%
Profit Margin	-38.15%
EBITDA Margin	-46.60%
EBIT Margin	-49.86%
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	-10.70%
Shareholder Yield	-10.70%
Earnings Yield	-8.90%
FCF Yield	-8.05%

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 1.61 and a Piotroski F-Score of 3. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	1.61
Piotroski F-Score	3