ZKH GROUP LTD (ZKH) Fundamental Analysis & Valuation

NYSE:ZKH • US98877R1041

3.37 USD
+0.04 (+1.2%)
Last: Mar 13, 2026, 08:04 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ZKH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

2

ZKH gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 46 industry peers in the Trading Companies & Distributors industry. ZKH has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, ZKH is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. ZKH Profitability Analysis

1.1 Basic Checks

  • ZKH had negative earnings in the past year.
  • ZKH had negative earnings in each of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: ZKH reported negative operating cash flow in multiple years.
ZKH Yearly Net Income VS EBIT VS OCF VS FCFZKH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 -500M -1B -1.5B

1.2 Ratios

  • ZKH's Return On Assets of -2.72% is on the low side compared to the rest of the industry. ZKH is outperformed by 73.91% of its industry peers.
  • The Return On Equity of ZKH (-5.87%) is worse than 71.74% of its industry peers.
Industry RankSector Rank
ROA -2.72%
ROE -5.87%
ROIC N/A
ROA(3y)-11.79%
ROA(5y)-14.07%
ROE(3y)-26.23%
ROE(5y)-32.12%
ROIC(3y)N/A
ROIC(5y)N/A
ZKH Yearly ROA, ROE, ROICZKH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 -20 -40 -60

1.3 Margins

  • ZKH has a worse Gross Margin (16.87%) than 80.43% of its industry peers.
  • In the last couple of years the Gross Margin of ZKH has grown nicely.
  • The Profit Margin and Operating Margin are not available for ZKH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 16.87%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.27%
GM growth 5YN/A
ZKH Yearly Profit, Operating, Gross MarginsZKH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 10 -10

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. ZKH Health Analysis

2.1 Basic Checks

  • ZKH does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • ZKH has less shares outstanding than it did 1 year ago.
  • ZKH has a better debt/assets ratio than last year.
ZKH Yearly Shares OutstandingZKH Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M
ZKH Yearly Total Debt VS Total AssetsZKH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 1.26, we must say that ZKH is in the distress zone and has some risk of bankruptcy.
  • ZKH has a Altman-Z score of 1.26. This is in the lower half of the industry: ZKH underperforms 69.57% of its industry peers.
  • A Debt/Equity ratio of 0.12 indicates that ZKH is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.12, ZKH is doing good in the industry, outperforming 73.91% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF N/A
Altman-Z 1.26
ROIC/WACCN/A
WACC7.58%
ZKH Yearly LT Debt VS Equity VS FCFZKH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 1B -1B 2B 3B

2.3 Liquidity

  • ZKH has a Current Ratio of 1.85. This is a normal value and indicates that ZKH is financially healthy and should not expect problems in meeting its short term obligations.
  • ZKH has a Current ratio (1.85) which is in line with its industry peers.
  • ZKH has a Quick Ratio of 1.62. This is a normal value and indicates that ZKH is financially healthy and should not expect problems in meeting its short term obligations.
  • ZKH's Quick ratio of 1.62 is fine compared to the rest of the industry. ZKH outperforms 71.74% of its industry peers.
Industry RankSector Rank
Current Ratio 1.85
Quick Ratio 1.62
ZKH Yearly Current Assets VS Current LiabilitesZKH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ZKH Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 41.57% over the past year.
  • The Revenue has decreased by -0.39% in the past year.
  • ZKH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.60% yearly.
EPS 1Y (TTM)41.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%77.5%
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y4.6%
Revenue growth 5YN/A
Sales Q2Q%2.09%

3.2 Future

  • The Earnings Per Share is expected to grow by 43.02% on average over the next years. This is a very strong growth
  • ZKH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.06% yearly.
EPS Next Y42.79%
EPS Next 2Y49.96%
EPS Next 3Y43.02%
EPS Next 5YN/A
Revenue Next Year2.54%
Revenue Next 2Y6.5%
Revenue Next 3Y8.06%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ZKH Yearly Revenue VS EstimatesZKH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B 10B
ZKH Yearly EPS VS EstimatesZKH Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 2027 0 -1 -2

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Find the best growth stocksShow best growing peers

1

4. ZKH Valuation Analysis

4.1 Price/Earnings Ratio

  • ZKH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • The Price/Forward Earnings ratio is 91.68, which means the current valuation is very expensive for ZKH.
  • ZKH's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. ZKH is more expensive than 65.22% of the companies in the same industry.
  • ZKH is valuated expensively when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 91.68
ZKH Price Earnings VS Forward Price EarningsZKH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60 80

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ZKH Per share dataZKH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ZKH does not grow enough to justify the current Price/Earnings ratio.
  • A more expensive valuation may be justified as ZKH's earnings are expected to grow with 43.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.96%
EPS Next 3Y43.02%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ZKH Dividend Analysis

5.1 Amount

  • No dividends for ZKH!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ZKH Fundamentals: All Metrics, Ratios and Statistics

ZKH GROUP LTD

NYSE:ZKH (3/13/2026, 8:04:31 PM)

3.37

+0.04 (+1.2%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)11-20
Earnings (Next)03-16
Inst Owners15.91%
Inst Owner Change0.84%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap544.44M
Revenue(TTM)8.80B
Net Income(TTM)-173.64M
Analysts80
Price Target4.15 (23.15%)
Short Float %0.03%
Short Ratio0.4
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-80.38%
Min EPS beat(2)-146.9%
Max EPS beat(2)-13.86%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-3.92%
Min Revenue beat(2)-7.79%
Max Revenue beat(2)-0.06%
Revenue beat(4)1
Avg Revenue beat(4)-1.98%
Min Revenue beat(4)-7.79%
Max Revenue beat(4)3.88%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.27%
PT rev (3m)2.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.13%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 91.68
P/S 0.42
P/FCF N/A
P/OCF N/A
P/B 1.26
P/tB 1.29
EV/EBITDA N/A
EPS(TTM)-0.16
EYN/A
EPS(NY)0.04
Fwd EY1.09%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS7.93
BVpS2.66
TBVpS2.61
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -2.72%
ROE -5.87%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 16.87%
FCFM N/A
ROA(3y)-11.79%
ROA(5y)-14.07%
ROE(3y)-26.23%
ROE(5y)-32.12%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.27%
GM growth 5YN/A
F-ScoreN/A
Asset Turnover1.38
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.85
Quick Ratio 1.62
Altman-Z 1.26
F-ScoreN/A
WACC7.58%
ROIC/WACCN/A
Cap/Depr(3y)97.7%
Cap/Depr(5y)152%
Cap/Sales(3y)0.73%
Cap/Sales(5y)1.12%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)41.57%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%77.5%
EPS Next Y42.79%
EPS Next 2Y49.96%
EPS Next 3Y43.02%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.39%
Revenue growth 3Y4.6%
Revenue growth 5YN/A
Sales Q2Q%2.09%
Revenue Next Year2.54%
Revenue Next 2Y6.5%
Revenue Next 3Y8.06%
Revenue Next 5YN/A
EBIT growth 1Y30.44%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year74.05%
EBIT Next 3Y40.32%
EBIT Next 5YN/A
FCF growth 1Y123.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y140.33%
OCF growth 3YN/A
OCF growth 5YN/A

ZKH GROUP LTD / ZKH FAQ

What is the ChartMill fundamental rating of ZKH GROUP LTD (ZKH) stock?

ChartMill assigns a fundamental rating of 2 / 10 to ZKH.


What is the valuation status for ZKH stock?

ChartMill assigns a valuation rating of 1 / 10 to ZKH GROUP LTD (ZKH). This can be considered as Overvalued.


What is the profitability of ZKH stock?

ZKH GROUP LTD (ZKH) has a profitability rating of 1 / 10.


What is the financial health of ZKH GROUP LTD (ZKH) stock?

The financial health rating of ZKH GROUP LTD (ZKH) is 3 / 10.