ZTO Express (Cayman) Inc. (ZTO) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд ¥	9.96	10.15	13.62	15.44	24.94	24.66	21.62	21.51		20.16	21.63	6.86
Выручка, млрд ¥	9.79	13.06	17.6	22.11	25.21	30.41	35.38	38.42	44.28	44.28	34.74	11.92
Чистая прибыль, млрд ¥	2.05	3.16	4.38	5.67	4.31	4.75	6.81	8.75	8.82	8.82	6.69	15.40
EV, млрд ¥	0.8462	-1.75	1.04	1.93	1.48	2.34	152.2	121.89	121.94	121.94	79.97	141.64
EBIT, млрд ¥	2.49	3.35	3.88	5.46	3.36	3.65	8.48	10.98	12.01	12.01	7.70	29.02
EBITDA, млрд ¥	2.81	3.91	4.73	6.05	5.2	5.87	11.15	13.85	15.04	15.04	10.22	23.67
OIBDA, млрд ¥					4.24	4.76	12.07	15.11	18	18	10.84	33.53
Баланс стоимость, млрд ¥	19.75	21.44	34.22	38.3	48.98	48.64	54.03	59.8	62.06	62.06	54.70	4.85
FCF, млрд ¥	-0.1527	0.8039	0.4228	1.08	-4.26	-2.11	3.12	6.69	5.53	5.53	1.79	-205.36
Операционный денежный поток, млрд ¥	2.54	3.63	4.4	6.3	4.95	7.22	11.48	13.36	11.43	11.43	9.69	18.22
Операционная прибыль, млрд ¥	2.77	3.75	4.33	5.46	3.36	3.65	7.74	10.01	11.78	11.78	7.31	28.52
Операционные расходы, млрд ¥	0.6739	0.5971	1.03	1.16	1.08	1.09	1.3	1.65	1.94	1.94	1.41	12.43
CAPEX, млрд ¥	2.69	2.83	3.98	5.23	9.21	9.33	8.36	6.67	5.9	5.9	7.89	-8.52

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Капитализация, млрд ¥	23.42	24.14	22.83	20.72	21.41	19.32	22.94	23.13	21.33	18.98						21.14	-0.35
Выручка, млрд ¥						8.98	9.74	9.74	9.08	10.62	9.96	77.95	74.92	12.92	12.92	37.73	5.34
Чистая прибыль, млрд ¥						1.67	2.54	2.54	2.35	2.19	1.43	18.98	16.82	2.38	2.38	8.40	10.73
EV, млрд ¥						23.58	28.88	162.18	157.39	121.65	130.37	141.77	152.33	121.72	124.38	134.11	-0.94
EBIT, млрд ¥						1.95	2.34	2.88	2.42	2.83	2.27	23.37	19.95	3.45	3.45	10.50	8.73
EBITDA, млрд ¥						2.04	3.05	3.05	3.17	3.61	3.05	24.64	20.9	4.2	4.2	11.40	6.61
OIBDA, млрд ¥											3.89	29.03	24.03	5.27	5.27	13.50	6.26
Баланс стоимость, млрд ¥						53.56	55.9	55.9	57.9	59.8	57.84	60.43	60.59	62.06	62.06	60.60	1.42
FCF, млрд ¥						2.74	-4.59	-0.6856	2.94	-2.61	2.03	0.8333	3.11	2.81	2.81	2.32	6.72
Операционный денежный поток, млрд ¥						2.74	3.77	3.76	2.94	3.92	2.03	3.48	3.11	2.81	2.81	2.85	6.72
Операционная прибыль, млрд ¥						1.95	2.88	2.88	2.42	2.76	2.27	23.37	19.95	3.45	3.45	10.50	8.73
Операционные расходы, млрд ¥						0.573	0.4257	0.4257	0.2828	0.3732	0.7354	2.95	3.46	0.3065	0.3065	1.55	-16.06
CAPEX, млрд ¥		7.24	7.24	3.24	2.1	8.36	8.36	4.45		6.53	6.53	2.65				5.70	-20.53

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд ¥			11.29	5.43	4.62	5.27	14.21	9.72	11.69	12.33	13.47	13.47	12.28	-1.06
Short Term Investments ¥			0	5.22	13.6	11.11	3.69	2.85	5.75	7.56	8.85	8.85	5.74	19.12
Long term investments ¥	0.000263	0.000212	0.5372	0.6102	2.21	4.06	5.07	4.94	11.27	15.63			8.19	30.94
Total Receivables ¥			0.2032	0.3618	1.12	1.26	1.31	2.18	0.8485	0.5772	6.27	6.27	2.24	36.77
Total Current Assets ¥			13.19	12.38	21.23	20.1	22.32	18.67	24.48	26.95	30.35	30.35	24.55	6.34
Чистые активы, млрд ¥		1.75	4.07	6.47	9.04	13.37	19.44	25.83	29.62	24.24		4.05	22.50	12.64
Активы, млрд ¥			23.4	25.83	39.68	45.89	59.2	62.77	78.52	88.47	92.34	92.34	76.26	9.30
Short Term Debt ¥			0.45	0.25	0.4057	0.2987	2.01	3.88	5.62	7.95	16.97	16.97	7.29	53.21
Long Term Debt ¥									6.79	7.03		7.03	6.91	1.75
Задолженность, млрд ¥			3.65	4.39	5.41	7.49	10.11	13.84	24.05	28.18	29.67	29.67	21.17	24.03
Чистый долг, млрд ¥			-10.84	-5.18	-4.62	-4.47	-11.7	-5.28	1.43	3.1	3.88	3.88	-1.7140	-180.19
Долг, млрд ¥		0.3	0.45	0.25		0.1121	0.35	0.6197	13.12	15.44	17.35	17.35	9.38	118.30
Interest income ¥		0.2228	0.0513	0.1025	1	1.35	0.4427	0.3639	0.5067	0.6172			0.6561	-14.49
Расходы на обслуживание долга ¥			0.013	0.0157	0.00078	0.0157	0.0353	0.1265	0.1905	0.2895	0.3379	0.3379	0.1959	57.11
Чист. проц. доходы, млрд ¥			0.0318	0.1507	0.4004	0.5854	0.4074	0.2374	0.3132	0.3133		0.0867	0.3713	-11.75
Goodwill ¥	2.38	4.09	4.16	4.24	4.24	4.24	4.24	4.24	4.24	4.24			4.24	0.00
Амортизация, млрд ¥			0.325	0.5604	0.8537	0.5854	1.84	2.22	2.67	2.88	3.02	3.02	2.53	10.42
Себестоимость, млрд ¥			6.35	8.71	12.24	15.49	19.38	23.82	26.34	26.76	30.56	30.56	25.37	9.54
Товарно материальные запасы ¥			0.034	0.0342	0.0438	0.0438	0.0531	0.083	0.0405	0.0281	0.0386	0.0386	0.0487	-6.18

	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Наличность, млрд ¥							9.56	7.78	7.78	9.28	12.33	12.58	10.54	11.7	13.47	13.47	12.35	1.38
Short Term Investments ¥							8.88	7.96	7.96	7.65	7.45	7.04	9.9	11.21	8.85	8.85	9.17	4.68
Long term investments ¥		4.91	4.94	5.26	6.25	7.54	11.27	12.09	14.9	17.8	15.63						14.34	6.76
Total Receivables ¥							1.83	2.32	2.32	2.4	0.5772	0.7537	0.6904	2.15	1.67	6.27	2.31	52.76
Total Current Assets ¥							25.28	23.34	23.34	24.73	26.95	26.74	27.94	30.16	30.35	30.35	29.11	2.57
Чистые активы, млрд ¥	22.22	24.16	25.83	26.67	27.66	28.79	29.62	30.59	31.7	32.52							30.64	2.47
Активы, млрд ¥							80.7	82.05	82.05	87.46	88.47	89.88	91.1	93.32	92.34	92.34	91.80	0.54
Short Term Debt ¥							7.03	6.95	6.95	9.83	7.95	8.22	10.55	17.92	16.97	16.97	14.13	15.60
Long Term Debt ¥						6.99	6.79	6.77	7.16	7.21	7.03	7.16	7.22				7.16	0.17
Задолженность, млрд ¥							26.69	25.72	25.72	29.13	28.18	31.49	30.13	32.2	29.67	29.67	30.63	-1.18
Чистый долг, млрд ¥							4.73	6.82	6.82	8.2	3.1	3.2	7.55	6.59	3.88	3.88	5.02	3.93
Долг, млрд ¥							13.82	13.72	14.6	17.49	15.44	15.79	18.09	18.29	17.35	17.35	17.37	1.90
Interest income ¥		0.0918	0.0942	0.1111	0.1185	0.1624	0.1282	0.1656	0.2277	0.2464	0.2014						0.1939	9.45
Расходы на обслуживание долга ¥							0.0717	0.0722	0.0722	0.0838	0.0618	0.0839	0.842	0.4658	0.0718	0.0718	0.3071	-3.07
Чист. проц. доходы, млрд ¥			0.0694	0.0515	0.0954	0.1307	0.0356	0.0202	0.0949	0.1626	0.1396	0.0344					0.0903	11.23
Goodwill ¥		4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24	4.24						4.24	0.00
Амортизация, млрд ¥							0.0919	0.7051	0.1671	0.7447	0.7794	0.7861	1.27	0.9559	0.7511	0.7511	0.9028	-0.91
Себестоимость, млрд ¥							6.46	6.44	6.44	6.37	7.49	6.96	51.64	51.52	9.16	9.16	25.69	5.65
Товарно материальные запасы ¥							0.0291	0.0266	0.0266	0.0276	0.0281	0.0414	0.0281	0.0277	0.0386	0.0386	0.0349	-1.39

Share

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	1.82	4.46	5.21	6.37	5.75	5.19	8.3	10.43	10.52		10.52	8.04	12.84
Цена акции ао		15.85	15.83	23.35	29.16	28.22	26.87	21.28	19.55	16.95	16.95	22.57	-9.69
Число акций ао, млн	691.73	712.79	787.97	782.4	832.99	808.69	819.96	838.95	838.44		838.44	827.81	0.13
FCF/акцию	-0.2207	1.13	0.5365	1.38	-5.11	-2.61	3.8	7.98	6.59		6.59	2.13	-205.22

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS						2.61	0.32	3.02	2.8	2.62	1.71	22.6	20.06	2.85	2.85		10.01	10.76
Цена акции ао			28.24	25.62	26.07	22.98	27.3	27.52	25.44	22.7					19.82	16.95	22.49	-9.24
Число акций ао, млн	816.34	808.69	808.45	808.69	821.08	840.49	840.18	840.18	838.29	836.14							839.06	-0.10
FCF/акцию						3.26	-5.46	-0.816	3.5	-3.11	2.43	0.9924	3.71	3.35	3.35		2.77	6.63

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %			10.4	14.74	12.81	14.81	8.8	9.78	13.26	15.37	14.47		14.47	38.03	12.34	10.46
ROA, %			8.78	12.23	11.05	12.36	7.28	7.57	9.64	10.48	9.75		9.75	7.87	8.94	6.02
ROIC, %		26.43	13.85	14.49	14.56	13.98	8.74	8.72	13.23	19.08			9.24	15.11	12.75	6.42
ROS, %				24.19	24.9	25.66	17.1	15.64	19.25	22.77	19.91	19.91	19.91	13.32	19.50	4.95
ROCE, %				15.64	11.32	14.22	6.84	7.45	13.65	16.05	18.75	19.17	19.17	85.52	15.01	20.81
Ebit margin, %						24.71	13.31	11.99	23.96	28.58	27.13	27.13	27.13		23.76	17.74
Рентаб EBITDA, %				29.98	26.89	27.36	20.61	19.3	31.51	36.06	33.96	33.96	33.96	22.86	30.96	11.96
Чистая рентаб, %			20.98	24.19	24.9	25.66	17.1	15.64	19.25	22.77	19.91		19.91	13.53	18.93	3.09
Operation Margin, %				28.7	24.61	24.71	13.31	11.99	21.87	26.05	26.6	26.6	26.6	17.30	22.62	17.28
Чистая процентная маржа, %	10.41	21.21	18.88	24.19	24.9	25.66	17.1	15.64					16.11	14.35	21.50	-8.35
Доходность FCF, %			-1.53	7.92	3.1	6.98	-17.07	-8.55	14.43	31.1					5.38	34.83

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %						3.12	4.55	4.74	4.26	3.87	2.49	32.49	28.35	3.97	3.92		38.03	14.24	9.50
ROA, %						2.07	3.1	3.1	2.77	2.49	1.6	20.98	18.24	2.57	2.58		7.87	9.19	10.03
ROIC, %					4.91	4.49	5.59	6.54		5.67	4.75	28.76					15.11	10.26	38.76
ROS, %							26.09	26.09	25.84	20.64	14.32	24.35	22.45	18.44	18.44	19.91	13.32	20.72	-3.95
ROCE, %							4.16	4.6	3.78	4.3	3.41	34.57	29.98	5.28	5.33	19.17	85.52	18.87	-11.12
Ebit margin, %								29.56	26.7	26.67	22.76	29.98	26.62	26.73	26.73	27.13		27.44	-1.98
Рентаб EBITDA, %							31.27	31.27	34.91	34.01	30.65	31.61	27.9	32.54	32.54	33.96	22.86	31.71	1.44
Чистая рентаб, %						18.59	26.09	26.09	25.84	20.64	14.32	24.35	22.45	18.44	18.44		13.53	19.60	5.19
Operation Margin, %							29.56	29.56	26.7	25.94	22.76	29.98	26.62	26.73	26.73	26.6	17.30	27.33	-2.36
Доходность FCF, %	7.63	4.58	-18.46	2.59	3.38	14.17	-20.01	-2.96	13.78	10.7								3.14	-5.46

Coefficients

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E	4.85	3.21	3.11	2.72	5.78	5.19	22.14	13.58	13.39		13.39	20.90	12.02	18.30
P/BV	0.5045	0.4735	0.398	0.403	0.5092	0.507	2.77	1.97	1.88		1.88	11.53	1.53	29.85
P/S	1.02	0.7771	0.7736	0.6982	0.9892	0.8109	4.26	3.09	2.67		2.67	3.30	2.36	21.97
P/FCF		12.62	32.21	14.32	-5.86	-11.7	6.93	3.22	3.01	3.65	3.65	29.33	1.02	-179.22
E/P		0.3113	0.3218	0.3676	0.1729	0.1928	0.315	0.4067	0.434	0.4373	0.4373	0.05	0.3572	17.80
EV/EBIT				22.58	41.75	38.97	17.95	11.1	10.15	10.15	10.15		17.66	-23.59
EV/EBITDA	0.27	15.97	1.2	2.28	2.03	2.86	13.65	8.8	8.11		8.11	13.68	7.09	31.92
EV/S				5.58	5.56	4.67	4.3	3.17	2.75	2.75	2.75	3.98	3.53	-10.05
EV/FCF				114.46	-32.92	-67.39	48.8	18.22	22.06	22.06	22.06	37.31	8.75	-179.98
Debt/EBITDA	0.14	0.0571		0.1328	0.4826	0.7569	1.18	1.11	1.15	1.15	1.15	2.22	1.07	8.73
Netdebt/Ebitda		-1.32	-0.9766	-0.7386	-2.25	-0.9	0.1283	0.224	0.258	0.258	0.258	1.65	-0.0063	-177.89
Debt/Ratio		0.17	0.14	0.16	0.17	0.22	0.1671	0.1745	0.1878	0.1878	0.1878	1.28	0.1874	-3.12
Debt/Equity		0.2	0.16	0.19	0.21	0.28	0.2429	0.2581	0.2795	0.4733	0.4733	0.85	0.3068	11.07
Debt/Net Income				0.1415	0.5816	0.9339	1.93	1.76	1.97	1.97	1.97	4.38	1.71	16.10
PEG										1.9	1.9		1.90	0.00
Бета					0.24	0.09	-0.02	-1.2	-1.13	-1.35	-1.35	0.59	-0.7220	-271.88
Индекс Альтмана		0.8982	0.2309	-0.3027	0.3265	-1.56	13.67	16.71	1.85	1.69	1.69	10.48	6.47	-201.61

	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E					11.56	9.03	17.79	16.43	12.35	14.99	5.38	3.7	2.98	2.98		20.90	6.01	-27.61
P/BV					0.3606	0.4103	2.76	2.56	1.97	2.18	2.2	2.38	1.88	1.92		11.53	2.11	-2.51
P/S					2.15	2.35	4.13	3.98	3.03	3.23	1.25	0.8407	0.6719	0.6757		3.30	1.33	-26.87
P/FCF	21.84	-5.42	38.57	29.59	7.05	-5	-33.73	7.26	9.35						3.65	29.33	-3.6940	-193.90
E/P	0.0375	0.0772	0.0871	0.0904	0.0865	0.1108	0.1099	0.11	0.0751						0.4373	0.05	0.1686	31.60
EV/EBIT							56.34	64.94	42.96	57.51	6.07	7.64	35.25	36.02	10.15		19.03	10.83
EV/EBITDA					11.55	9.48	15.49	13.93	9.45	9.72	4.11	2.92	2.31	2.31		13.68	4.27	-24.98
EV/S						2.96	16.65	17.34	11.46	13.09	1.82	2.03	9.42	9.63	2.75	3.98	5.13	8.61
EV/FCF						-6.29	-236.55	53.57	-46.69	64.19	170.13	48.95	43.37	44.32	22.06	37.31	65.77	-33.54
Debt/EBITDA						4.51	4.79	5.52	4.27	5.17	0.7342	0.8751	4.13	4.13	1.15	2.22	2.20	9.39
Netdebt/Ebitda						2.24	2.24	2.59	0.8595	1.05	0.3063	0.3151	0.9228	0.9228	0.258	1.65	0.5450	-3.37
Debt/Ratio						0.1672	0.1779	0.1999	0.1745	0.1756	0.1986	0.196	0.1878	0.1878	0.1878	1.28	0.1916	-1.11
Debt/Equity						0.2455	0.2611	0.302	0.2581	0.2729	0.2994	0.3019	0.2795	0.2795	0.4733	0.85	0.3267	9.59
Debt/Net Income						5.4	5.74	7.46	7.04	11.07	0.9531	1.09	7.28	7.28	1.97	4.38	3.71	15.63
PEG															1.9		1.90	0.00
Бета														-0.1865	-1.35	0.59	-0.7683	169.05
Индекс Альтмана	-4.47	-2.29	-8.17	61.91	4.27	3.31	3.41	2.91						1.85	1.69	10.48	2.63	-12.58

Dividends

IFRS

Reporting Annual Quarterly

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	0.115	0.8951	0.8951	0.8951	1.27	1.65	1.35	2.07	5.61			0.3404		2.39	34.60
Дивиденд				0.2	0.2301	0.2907	0.2443	0.25	0.37	0.97	0.35	0.7		0.4369	7.46
Див доход, ао, %			0	1.16	1.17	0.9709	0.8012	0.9596	2.16	4.34	6.92	5.63	1.91	3.04	53.91
Дивиденды / прибыль, %	8.64		28.33	20.42	22.4	38.25	28.48	19.88	23.69	63.58		63.58	42.33	34.78	10.70
Dividend Coverage Ratio											25.9	25.9		25.90	0.00

	2018Q1	2019Q1	2020Q2	2021Q2	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q4	2024Q1	2024Q2	2025Q2	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд					1.65	1.65	1.31	1.32	1.35	1.35	2.07	2.07	2.07	3.6			2.23	21.67
Дивиденд	0.2	0.2301	0.2907	0.2443			0.2468				0.37						0.2764	9.97
Див доход, ао, %	1.27	1.26	0.9118	0.7911			0.9634				1.34					1.91	1.05	1.24
Дивиденды / прибыль, %					181.99	93.59	72.49	68.38	81.06	53.28	81.56	94.54	145.33	18.97		42.33	78.74	-18.66
Dividend Coverage Ratio															25.9		25.90	0.00

Other

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
Всего задолженность	5.14	6.68	9.35						22.07
CAPEX/Выручка, %			36.52	30.68	23.63	17.36	13.33	13.33	-18.26
Персонал, чел				22 536	22 536	24 888			3.36

	2024Q1	2024Q2	CAGR 5
CAPEX/Выручка, %	65.55	3.4	-77.23

	CAGR 5

Investing Port

ZTO Express (Cayman) Inc.

Reporting ZTO Express (Cayman) Inc.

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