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Company Analysis

ZKH Group Limited ZKH

A comprehensive view of key metrics, scores, and financial health for ZKH Group Limited

Overview of ZKH Group Limited

ZKH NYQ
Consumer Cyclical Internet Retail Framework: General Corporate Micro Cap
ZKH Group Limited (ZKH), is a Micro Cap company, in the Internet Retail industry, last closed at $1.66, about 1038.6% undervalued vs fair value, -44.5% 1Y return, ranked 416/548 in sector.
Metrics Rev Growth 0.5% ROE -8.5% Gross Margin 17.2%
USD 1.66
1.22%
(Delayed)
• Vol 90d: 69.7%
52-Week Range
Market Cap
$263.81M
Enterprise Value
$171.36M
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Weak
Valuation
Weak
Growth
Fair
Profitability
Fair
Health
Weak
Efficiency
Weak
Valuation
Weak
Completeness: 76%
Confidence: 83%
Updated: Oct 31
Top Beats

Quick Facts

Website https://www.zkh.com
HQ Shanghai
Employees 3,262
Fiscal year Sep 30

Next Events

Earnings Nov 19 Estimated

Fair Value Snapshot

Bear Base Bull
$17
$19
$21
Current: $1.66 +1039% vs base

Engine Room Money Flow™

Micro Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
CNY 8.8B
0.5%%
Gross Profit
CNY 1.5B
4%%
Operating Income
CNY 338.8M
185%%
Net Income
-CNY 268.0M
11.9%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Operating Cash Flow Margin FY2025
2.6%
Poor

Operating Cash Flow / Revenue

OCF / Revenue - cash profitability from operations

Locked Metric
-
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Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
Analysis based on partial data. Some metrics unavailable for complete assessment.
1
Active Leaks
0/1
Improving
0
High Impact
1
Critical
Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating ZKH Group Limited's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
41
/100
Developing
Scores based on quantitative metrics and qualitative factors
Full moat analysis

Key strengths

  • Operating Expense Control OpEx growth is controlled (score 0.68), demonstrating operating leverage.
  • Operating Leverage in Effect Operating leverage is evident (score 0.76), with margins expanding over time.

Key risks

  • ROIC Below WACC or Peers ROIC at 0th percentile suggests inefficient capital deployment.
  • Elevated Debt Risk Debt serviceability is weak (score 0.22), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
44
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

vs Industry Peers 68% Coverage
Trade-Off Triangle Visualization A ternary plot showing ZKH's balance between Growth (31.9%), Profitability (27.4%), and Safety (40.8%). Growth 32% Safety 41% Profitability 27%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

41th percentile vs peers
42
Key Signals
Rev Growth YoY 0.5% 38p Revenue CAGR 3Y 1.8% 45p
Strengths
  • Strong liquidity position vs peers
  • Conservative leverage compared to industry peers
Risks

No significant risks identified for this axis.

Profitability

35th percentile vs peers
36
Key Signals
Strengths
Risks
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Safety

53th percentile vs peers
54
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for ZKH Group Limited.

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
X.X%
X%XX%
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-XX%XX%
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Bear
-
- - -
- upside
-
Base
$18.90
- - -
+1038.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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