ZTO Express (Cayman) Inc (ZTO) - Net Assets
Based on the latest financial reports, ZTO Express (Cayman) Inc (ZTO) has net assets worth $65.37 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) and total liabilities ($25.18 Billion). 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 asset resilience ratio of ZTO Express (Cayman) Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $65.37 Billion |
| % of Total Assets | 72.19% |
| Annual Growth Rate | 33.84% |
| 5-Year Change | 27.65% |
| 10-Year Change | 698.79% |
| Growth Volatility | 52.6 |
ZTO Express (Cayman) Inc - Net Assets Trend (2014–2024)
This chart illustrates how ZTO Express (Cayman) Inc's net assets have evolved over time, based on quarterly financial data. Also explore ZTO total asset value for the complete picture of this company's asset base.
Annual Net Assets for ZTO Express (Cayman) Inc (2014–2024)
The table below shows the annual net assets of ZTO Express (Cayman) Inc from 2014 to 2024. For live valuation and market cap data, see ZTO Express (Cayman) Inc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $62.67 Billion | +3.97% |
| 2023-12-31 | $60.28 Billion | +10.66% |
| 2022-12-31 | $54.47 Billion | +11.33% |
| 2021-12-31 | $48.93 Billion | -0.35% |
| 2020-12-31 | $49.10 Billion | +27.85% |
| 2019-12-31 | $38.40 Billion | +12.06% |
| 2018-12-31 | $34.27 Billion | +59.83% |
| 2017-12-31 | $21.44 Billion | +8.56% |
| 2016-12-31 | $19.75 Billion | +151.72% |
| 2015-12-31 | $7.85 Billion | +131.06% |
| 2014-12-31 | $3.40 Billion | -- |
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 9639.6% 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% |
| Common Stock | $523.00K | 0.00% |
| Other Comprehensive Income | $-294.69 Million | -0.47% |
| Other Components | $23.26 Billion | 37.48% |
| 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 |
|---|---|
|
WUXI BIOLOGICS-00000083
F:1FW2
|
$14.60 Billion |
|
Genuine Parts Co
NYSE:GPC
|
$14.61 Billion |
|
CONTINENTAL AG ADR 1/10
F:CONA
|
$14.61 Billion |
|
Nidec Corporation
F:NIB1
|
$14.62 Billion |
|
Lincoln Electric Holdings Inc
NASDAQ:LECO
|
$14.59 Billion |
|
Zhejiang Satellite Petrochemical Co Ltd
SHE:002648
|
$14.59 Billion |
|
Grab Holdings Ltd
NASDAQ:GRAB
|
$14.57 Billion |
|
REA Group Limited
F:R9C
|
$14.56 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.
- Other comprehensive income decreased equity by 103,970,000.
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 Comprehensive Income | $-103.97 Million | -0.17% |
| Other Changes | $310.70 Million | +0.5% |
| 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: 0.34x
- 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 5.84x to 0.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $4.30 | $25.14 | x |
| 2015-12-31 | $10.00 | $25.14 | x |
| 2016-12-31 | $31.12 | $25.14 | x |
| 2017-12-31 | $29.87 | $25.14 | x |
| 2018-12-31 | $45.46 | $25.14 | x |
| 2019-12-31 | $48.83 | $25.14 | x |
| 2020-12-31 | $61.52 | $25.14 | x |
| 2021-12-31 | $59.32 | $25.14 | x |
| 2022-12-31 | $65.89 | $25.14 | x |
| 2023-12-31 | $71.28 | $25.14 | x |
| 2024-12-31 | $74.02 | $25.14 | 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 (12.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.06% | 10.41% | 0.78x | 1.48x | $69.55 Million |
| 2015 | 17.00% | 21.88% | 0.58x | 1.35x | $548.33 Million |
| 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: $160,220,346
- Average return on equity (ROE) among peers: 1.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZTO Express (Cayman) Inc (ZTO) | $65.37 Billion | 12.06% | 0.39x | $14.60 Billion |
| Addentax Group Corp (ATXG) | $26.05 Million | -11.94% | 1.01x | $4.01 Million |
| Armlogi Holding Corp. Common Stock (BTOC) | $7.50 Million | 5.37% | 0.19x | $13.00 Million |
| CH Robinson Worldwide Inc (CHRW) | $1.35 Billion | 69.49% | 3.40x | $20.09 Billion |
| Tianci International, Inc. Common Stock (CIIT) | $790.01K | 6.89% | 0.15x | $5.25 Million |
| Callan JMB Inc. Common Stock (CJMB) | $14.01 Million | 44.40% | 0.09x | $6.25 Million |
| Freightos Limited Ordinary shares (CRGO) | $21.66 Million | -114.04% | 0.93x | $100.01 Million |
| Cheetah Net Supply Chain Service Inc. Class A Common Stock (CTNT) | $-170.43K | 0.00% | 0.00x | $5.37 Million |
| Cryoport Inc (CYRX) | $-1.96 Million | 0.00% | 0.00x | $391.54 Million |
| Eastern International Ltd. (ELOG) | $9.05 Million | -10.34% | 1.26x | $10.51 Million |
| Expeditors International of Washington, Inc. (EXPD) | $171.85 Million | 22.35% | 1.00x | $19.44 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.