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ZKH$2.91+2.83%
Fair $2.91+0.0%

ZKH

ZKH Group Limited

Consumer Cyclical / Internet RetailNYSE

$2.91

+0.08 (+2.83%)

Fairly Valued+0.0%Fair Value $2.91Fund rank 28/100 · Data gapFallback financials|
SA 17/F
F-Score: 6/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 19%

FCF escenarios

weak_data · normalized FCF $-44.9M · quality 49.7/100

Data gap 28/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 19/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

17/100

F

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is -4.8%, below the 5% threshold
Thesis & Journal · ZKHLocal privado en este navegador · ZKH Group Limited
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$463M

P/E

N/A

•

EV/EBITDA

N/A

•

ROE

-4.8%

↓

Gross Margin

16.4%

↓

Debt/Equity

0.15

↓
52-Week Range$3
$2$4

TradingView lightweight chart

ZKH price, volumen y niveles de valoración

Último $2.910Periodo -81.2%
Fair value: $2.910

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+2.6%

FCF CAGR

—

FCF margin

-0.5%

FCF / Net income

0.32x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $8.99B · net income $-139.7M · FCF $-44.9M

2022-FY → 2025-FY

Gross margin

16.4%+0.6% pts

Operating margin

-2.4%+5.9% pts

Net margin

-1.6%+7.3% pts

FCF margin

-0.5%+6.2% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$8.99B$8.99B$8.76B$8.72B$8.32B
Net Income$-139.7M$-139.7M$-268.0M$-304.3M$-735.7M
EBITDA$-79.3M$-79.3M$-193.3M$-211.9M$-561.3M
EPS-0.70-0.70-1.75-22.05-7.75
Gross Margin16.4%16.4%17.2%16.7%15.8%
Operating Margin-2.4%-2.4%-3.9%-4.6%-8.2%
Net Margin-1.6%-1.6%-3.1%-3.5%-8.8%
Balance Sheet
Debt/Equity0.150.150.180.26-0.14
Current Ratio1.841.84———
Cash Flow
Free Cash Flow$-44.9M$-44.9M$146.0M$-623.5M$-554.3M
Returns
ROE-4.8%-4.8%-8.7%-9.5%18.1%
Valuation
P/B0.160.160.190.21—
Growth & Yield
Revenue Growth2.6%2.6%0.5%4.9%—
EPS Growth60.0%60.0%92.1%-184.5%—

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%
Reverse DCF requires positive EPS; loss-making or zero-EPS companies cannot produce a clean EPS hurdle.

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +2.8%

Total return

+2.8%

Start / end P/E

n/dx → n/dx

EPS bridge

-1.75 → -0.70

Residual

+2.8%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term+2.8%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.