ZKH GROUP LTD (ZKH) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ZKH • US98877R1041

3.55 USD
+0.05 (+1.43%)
Last: Feb 6, 2026, 08:12 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Taking everything into account, ZKH scores 2 out of 10 in our fundamental rating. ZKH was compared to 50 industry peers in the Trading Companies & Distributors industry. Both the profitability and financial health of ZKH have multiple concerns. While showing a medium growth rate, ZKH is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • ZKH had negative earnings in the past year.
  • In the past 5 years ZKH always reported negative net income.
  • 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

  • Looking at the Return On Assets, with a value of -2.72%, ZKH is doing worse than 76.00% of the companies in the same industry.
  • ZKH has a worse Return On Equity (-5.87%) than 74.00% 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 Gross Margin of 16.87%. This is amonst the worse of the industry: ZKH underperforms 84.00% of its industry peers.
  • ZKH's Gross Margin has improved in the last couple of years.
  • ZKH does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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. Health

2.1 Basic Checks

  • ZKH does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for ZKH has been reduced compared to 1 year ago.
  • The debt/assets ratio for ZKH has been reduced compared to a year ago.
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

  • ZKH has an Altman-Z score of 1.30. This is a bad value and indicates that ZKH is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.30, ZKH is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
  • A Debt/Equity ratio of 0.12 indicates that ZKH is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.12, ZKH is in the better half of the industry, outperforming 74.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF N/A
Altman-Z 1.3
ROIC/WACCN/A
WACC7.49%
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.
  • Looking at the Current ratio, with a value of 1.85, ZKH is in line with its industry, outperforming 48.00% of the companies in the same industry.
  • 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.
  • The Quick ratio of ZKH (1.62) is better than 64.00% 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

More info and screens

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

4

3. Growth

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.
  • The Revenue has been growing slightly by 4.60% on average over the past years.
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

  • Based on estimates for the next years, ZKH will show a very strong growth in Earnings Per Share. The EPS will grow by 42.86% on average per year.
  • 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 3Y42.86%
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

More info and screens

Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for ZKH. In the last year negative earnings were reported.
  • The Price/Forward Earnings ratio is 97.56, 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 70.00% of the companies in the same industry.
  • ZKH is valuated expensively when we compare the Price/Forward Earnings ratio to 27.78, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE N/A
Fwd PE 97.56
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 an expensive valuation of the company.
  • A more expensive valuation may be justified as ZKH's earnings are expected to grow with 42.86% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.96%
EPS Next 3Y42.86%

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

ZKH GROUP LTD

NYSE:ZKH (2/6/2026, 8:12:37 PM)

3.55

+0.05 (+1.43%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryTrading Companies & Distributors
Earnings (Last)11-20
Earnings (Next)03-16
Inst Owners12.81%
Inst Owner Change-0.08%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap573.52M
Revenue(TTM)8.80B
Net Income(TTM)-173.64M
Analysts80
Price Target3.98 (12.11%)
Short Float %0.03%
Short Ratio0.17
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)0%
PT rev (3m)-1.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-20.63%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.81%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 97.56
P/S 0.45
P/FCF N/A
P/OCF N/A
P/B 1.35
P/tB 1.37
EV/EBITDA N/A
EPS(TTM)-0.15
EYN/A
EPS(NY)0.04
Fwd EY1.02%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS7.85
BVpS2.64
TBVpS2.59
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 1.3
F-ScoreN/A
WACC7.49%
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 3Y42.86%
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.