ZTO Express (Cayman) Inc (ZTOA) - Net Assets
Based on the latest financial reports, ZTO Express (Cayman) Inc (ZTOA) has net assets worth €65.37 Billion EUR (≈ $76.42 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€90.54 Billion ≈ $105.85 Billion USD) and total liabilities (€25.18 Billion ≈ $29.43 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ZTOA PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €65.37 Billion |
| % of Total Assets | 72.19% |
| Annual Growth Rate | 15.53% |
| 5-Year Change | 27.65% |
| 10-Year Change | N/A |
| Growth Volatility | 17.99 |
ZTO Express (Cayman) Inc - Net Assets Trend (2016–2024)
This chart illustrates how ZTO Express (Cayman) Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of ZTO Express (Cayman) Inc.
Annual Net Assets for ZTO Express (Cayman) Inc (2016–2024)
The table below shows the annual net assets of ZTO Express (Cayman) Inc from 2016 to 2024. Also explore how fast is ZTO Express (Cayman) Inc growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €62.67 Billion ≈ $73.27 Billion |
+3.97% |
| 2023-12-31 | €60.28 Billion ≈ $70.47 Billion |
+10.66% |
| 2022-12-31 | €54.47 Billion ≈ $63.68 Billion |
+11.33% |
| 2021-12-31 | €48.93 Billion ≈ $57.20 Billion |
-0.35% |
| 2020-12-31 | €49.10 Billion ≈ $57.40 Billion |
+27.85% |
| 2019-12-31 | €38.40 Billion ≈ $44.90 Billion |
+12.06% |
| 2018-12-31 | €34.27 Billion ≈ $40.06 Billion |
+59.83% |
| 2017-12-31 | €21.44 Billion ≈ $25.07 Billion |
+8.56% |
| 2016-12-31 | €19.75 Billion ≈ $23.09 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to ZTO Express (Cayman) Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1014.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €39.10 Billion | 63.00% |
| Other Components | €22.96 Billion | 37.00% |
| Total Equity | €62.06 Billion | 100.00% |
ZTO Express (Cayman) Inc Competitors by Market Cap
The table below lists competitors of ZTO Express (Cayman) Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan Corp.
KO:000150
|
$11.88 Billion |
|
Equity Lifestyle Properties Inc
NYSE:ELS
|
$11.89 Billion |
|
Aker ASA
OL:AKER
|
$11.89 Billion |
|
Eiffage SA
PA:FGR
|
$11.89 Billion |
|
Xiamen Tungsten Co Ltd
SHG:600549
|
$11.88 Billion |
|
Henan Shuanghui Investment & Development Co Ltd
SHE:000895
|
$11.86 Billion |
|
Jazz Pharmaceuticals plc
F:J7Z
|
$11.86 Billion |
|
Nanya New Material Technology Co Ltd
SHG:688519
|
$11.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZTO Express (Cayman) Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,801,745,000 to 62,062,392,000, a change of 2,260,647,000 (3.8%).
- Net income of 8,816,835,000 contributed positively to equity growth.
- Dividend payments of 5,605,451,000 reduced retained earnings.
- Share repurchases of 1,157,472,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €8.82 Billion | +14.21% |
| Dividends Paid | €5.61 Billion | -9.03% |
| Share Repurchases | €1.16 Billion | -1.87% |
| Other Changes | €206.74 Million | +0.33% |
| Total Change | €- | 3.78% |
Book Value vs Market Value Analysis
This analysis compares ZTO Express (Cayman) Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.23x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.59x to 0.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €29.70 | €17.50 | x |
| 2018-12-31 | €43.56 | €17.50 | x |
| 2019-12-31 | €48.98 | €17.50 | x |
| 2020-12-31 | €59.09 | €17.50 | x |
| 2021-12-31 | €60.16 | €17.50 | x |
| 2022-12-31 | €66.27 | €17.50 | x |
| 2023-12-31 | €74.31 | €17.50 | x |
| 2024-12-31 | €77.71 | €17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZTO Express (Cayman) Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.21%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.91%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.49x
- Recent ROE (14.21%) is above the historical average (12.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.40% | 20.98% | 0.42x | 1.19x | €79.35 Million |
| 2017 | 14.74% | 24.19% | 0.51x | 1.20x | €1.02 Billion |
| 2018 | 12.81% | 24.90% | 0.44x | 1.16x | €961.30 Million |
| 2019 | 14.81% | 25.66% | 0.48x | 1.20x | €1.84 Billion |
| 2020 | 8.80% | 17.10% | 0.43x | 1.21x | €-585.67 Million |
| 2021 | 9.78% | 15.64% | 0.48x | 1.29x | €-108.90 Million |
| 2022 | 12.60% | 19.25% | 0.45x | 1.45x | €1.41 Billion |
| 2023 | 14.63% | 22.77% | 0.43x | 1.48x | €2.77 Billion |
| 2024 | 14.21% | 19.91% | 0.48x | 1.49x | €2.61 Billion |
Industry Comparison
This section compares ZTO Express (Cayman) Inc's net assets metrics with peer companies in the Integrated Freight & Logistics industry.
Industry Context
- Industry: Integrated Freight & Logistics
- Average net assets among peers: $20,403,720,739
- Average return on equity (ROE) among peers: 176.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZTO Express (Cayman) Inc (ZTOA) | €65.37 Billion | 10.40% | 0.39x | $11.88 Billion |
| INPOST S.A. EO -01 (669) | $2.46 Billion | 50.79% | 4.25x | $7.72 Billion |
| INPOST S.A UNSP.ADR/1/2 (6690) | $29.10 Million | 1689.35% | 250.98x | $7.52 Billion |
| MOVEBYBIKE EUROPE AB (6ZR) | $10.60 Million | -82.65% | 1.40x | $464.77K |
| JD LOGISTICS DL-000025 (822) | $59.78 Billion | 11.12% | 1.08x | $7.28 Billion |
| BREMER LAGERHAUS-GESELLSCHAFT -Aktiengesellschaft von 1877- (BLH) | $285.68 Million | 11.29% | 3.61x | $43.78 Million |
| Deutsche Post AG (DHL) | $10.70 Billion | 23.76% | 2.53x | $56.42 Billion |
| DSV ADR 2 DK 1 (DS8) | $114.50 Billion | 8.83% | 1.07x | $52.08 Billion |
| Kuehne + Nagel International AG (KNIU) | $2.21 Billion | 39.87% | 4.39x | $25.77 Billion |
| Müller - Die lila Logistik AG (MLL) | $8.16 Million | 1.90% | 4.14x | $38.32 Million |
| SINOTRANS LTD H YC 1 (SIY) | $14.05 Billion | 6.43% | 1.20x | $1.16 Billion |
About ZTO Express (Cayman) Inc
ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. It offers freight forwarding services; and delivery services for e-commerce merchants and traditional merchants, and other express service users. The company was founded in 2002 and is headquartered in Shanghai, the People's Republic of China.