ZTO EXPRESS Reports Record Third Quarter Earnings for FY2023
December 18, 2023
🌥️Earnings Overview
ZTO EXPRESS ($NYSE:ZTO) announced their earnings results for the third quarter of FY2023, ending on September 30 2023, with total revenue of CNY 9.1 billion, representing a 1.6% year-on-year rise. Net income was CNY 2.4 billion, up 21.8% year-on-year.
Price History
The stock opened at $22.5 and closed at $22.6, a drop of 6.2% from the previous closing price of 24.0. The company’s success was largely due in part to their streamlined delivery services and digital transformation, which enabled them to quickly adjust to changing customer needs. They continued to invest in technology, infrastructure, and personnel to ensure their supply chain remained strong and efficient. Overall, this strong performance from ZTO EXPRESS demonstrates their commitment to creating value for investors while also providing high-quality services to their customers. 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 |
| 37.67k | 8.72k | 22.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zto Express. More…
| Operations | Investing | Financing |
| 13.21k | -17.81k | -310.86 |
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 |
| 87.46k | 29.13k | 71.03 |
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 |
| 16.5% | 24.8% | 28.5% |
| FCF Margin | ROE | ROA |
| 15.4% | 11.8% | 7.7% |
Analysis
At GoodWhale, we recently conducted an analysis of ZTO EXPRESS‘s financials. Based on our Star Chart, we concluded that ZTO EXPRESS is in very good health, with a score of 9/10 for both cashflows and debt. This means that the company could potentially weather any upcoming crisis without the risk of bankruptcy. We further classified ZTO EXPRESS as a ‘cheetah’ – a type of company which has achieved high revenue or earnings growth, but is less stable due to lower profitability. Our analysis revealed that ZTO EXPRESS is strong in dividend, growth, and profitability, and medium in asset. Given its strong financials and growth potential, we believe that investors looking for high-growth companies with potential to deliver good returns may be interested in ZTO EXPRESS. More…
Summary
ZTO Express reported strong financial results for the third quarter of FY2023, with total revenue of CNY 9.1 billion and net income of CNY 2.4 billion, representing 1.6% and 21.8% year-over-year growth respectively. Despite these impressive figures, the stock price declined on the same day. This could be attributed to investors’ expectations being higher than the actual results. Nonetheless, the company’s rising revenue and net income is a positive sign for long-term investors and suggests the company’s potential to continue delivering value in the future.
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