Active Stock to Observe: ZTO Express (Cayman) Inc. (NYSE:ZTO)

Shares of ZTO Express (Cayman) Inc. (NYSE:ZTO) closed the trading at a price of $18.02 with the positive/negative change of -1.58%. In the past session approximately 2,243,716 shares were exchanged against the average daily trading volume of 3,564,488 shares. The stock touched to the maximum level of $18.25, and it reached the lower level of $17.96 in past session.

ZTO Express (Cayman) Inc. (ZTO) recently reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2018[1]. The Company generated parcel volume growth which surpassed the market average by 10.5 percentage points and expanded its market share in terms of parcel volume to 16.8% by the end of 2018. Full year adjusted net income beat consensus and was RMB4.2B with RMB4.4bbb in cash generated from operating activities.

Fourth Quarter 2018 Financial Highlights

  • Revenues[2] were RMB5,627.5M (US$818.5M), an raise of 29.9% from RMB4,331.0M in the same period of 2017.
  • Gross profit was RMB1,550.2M (US$225.5M), an raise of 14.6% from RMB1,353.3M in the same period of 2017.
  • Net income was RMB1,278.9M (US$186.0M), an raise of 4.7% from RMB1,221.9M in the same period of 2017.
  • Adjusted EBITDA[3] was RMB1,766.0M (US$256.8M), an raise of 24.0% from RMB1,424.3M in the same period of 2017.
  • Adjusted net income[4] was RMB1,289.7M (US$187.6M), an raise of 1.9% from RMB1,265.4M in the same period of 2017.
  • Basic and diluted earnings per American depositary share (“ADS”[5]) were RMB1.62(US$0.24), a decrease of 5.8% and 5.3% from RMB1.72 and RMB1.71 in the same period of 2017, respectively.
  • Net cash provided by operating activities was RMB1,802.3M (US$262.1mmm), contrast with RMB1,371.5M in the same period of 2017.

Fiscal Year 2018 Financial Highlights

  • Revenues[2] were RMB17,604.5M (US$2,560.5M), an raise of 34.8% from RMB13,060.1M in 2017.
  • Gross profit was RMB5,364.9M (US$780.3M), an raise of 23.5% from RMB4,345.6M in 2017.
  • Net income was RMB4,387.9M (US$638.2M), an raise of 38.9% from RMB3,158.9M in 2017.
  • Adjusted EBITDA[3] was RMB5,858.4M (US$852.1M), an raise of 31.6% from RMB4,452.0M in 2017.
  • Adjusted net income[4] was RMB4,201.1M (US$611.0M), an raise of 30.1% from RMB3,229.6M in 2017.
  • Basic and diluted earnings per American depositary share (“ADS”[5])were RMB5.83(US$0.85) and RMB 5.82 (US$0.85), respectively, an raise of 32.2% and 32.3% from RMB4.41 and RMB4.40 in 2017.
  • Net cash provided by operating activities was RMB4,404.1M (US$640.5M), contrast with RMB3,630.7M in 2017.

The company has PEG ratio of 7.22 and price to cash ratio of 5.84. Net profit margin of the firm was recorded at 24.90% and operating profit margin was calculated at 24.60% while gross profit margin was measured as 30.50%.

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