ZTO EXPRESS Reports Q1 Earnings Results for FY2023 on May 18
May 25, 2023
Earnings Overview
On May 18 2023, ZTO EXPRESS ($NYSE:ZTO) revealed their FY2023 Q1 earnings results for the period ending March 31 2023. Revenue for the quarter was up 13.7%, clocking in at CNY 8983.2 million compared to the same period last year. Net income for the quarter surged 84.3%, totalling CNY 1670.3 million.
Stock Price
Upon the news, the company’s stock opened at $29.8 and closed at $29.0, representing a 2.0% increase from its prior closing price of 28.5. This was the second consecutive quarter of revenue growth for ZTO EXPRESS, following a decline in revenue in the fourth quarter of fiscal year 2022. During the quarter, ZTO EXPRESS continued to invest in its core competencies, such as technology and logistics infrastructure, which allowed it to expand operations in new markets and further improve customer service. The company also launched a new digital platform that enables customers to track their shipments and manage their orders more efficiently.
Overall, ZTO EXPRESS reported strong earnings results for the first quarter of fiscal year 2023, and investors were pleased with the company’s performance. The stock price reflects this positivity, as investors appear to be bullish on the company’s prospects for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zto Express. More…
| Total Revenues | Net Income | Net Margin |
| 36.46k | 7.57k | 19.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zto Express. More…
| Operations | Investing | Financing |
| 13.11k | -18.59k | 5.32k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zto Express. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 80.7k | 26.69k | 65.8 |
Key Ratios Snapshot
Some of the financial key ratios for Zto Express are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.3% | 19.1% | 25.9% |
| FCF Margin | ROE | ROA |
| 15.6% | 11.0% | 7.3% |
Analysis
At GoodWhale, we have analyzed the fundamentals of ZTO EXPRESS using our star chart. We rate ZTO EXPRESS at 9/10 for health; its cashflows and debt are well-managed and it has the capability to pay off debt and fund future operations. Furthermore, we classify the company as a ‘gorilla’, which means it has achieved stable and high revenue or earning growth due to a strong competitive advantage. Given ZTO EXPRESS’s impressive scores for growth, profitability, and medium scores for asset and dividend, we believe that investors looking for a company with strong growth prospects and a steady competitive advantage would be interested in this stock. We are confident that ZTO EXPRESS is well-positioned to deliver long-term value to shareholders. More…
Summary
ZTO Express reported strong financial results for their first quarter of fiscal 2023. Revenue grew 13.7% year-over-year to CNY 8983.2 million, while net income saw a much more significant 84.3% increase to CNY 1670.3 million. Investors will be pleased to see such impressive growth in top and bottom line figures and may consider investing in ZTO Express as its outlook remains positive. The company is expected to continue its strong performance, potentially even outperforming the results seen in Q1 2023.
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