ZKHZKH Group Limited
$2.09-26% 1Y
$2.09
$1.9952 weeks$3.79
Is the business good?
How good a business is ZKH?
ZKH Group Limited earns −12% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
−12%
Return on invested capital · cost of capital 9.0% · 21 points below what the capital costs: growth destroys value
- Operating margin
- −2.4%
Operating margin · Internet Retail median 6.0% · fiscal year to FY2025
- Share count, year on year
- −0.88%
Share count, year on year · flat: no meaningful dilution
- R&D as % of revenue
- 1.8%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2021 | −15% |
| FY2022 | −8.3% |
| FY2023 | −4.6% |
| FY2024 | −3.9% |
| FY2025 | −2.4% |
Details›
- Gross marginfiscal year to FY2025
- 16%
- Operating marginfiscal year to FY2025
- −2.4%
- Net marginfiscal year to FY2025
- −1.6%
- Free cash flow margin
- −0.49%
- R&D as % of revenue
- 1.8%
- Revenue, trailing twelve months
- $8.99B
- Free cash flow, trailing twelve months
- −$44M
- Net income, trailing twelve months
- −$140M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Internet Retail
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