ZKH Group Limited (ZKH) AI Stock Analysis

ZKH Group Limited develops and operates a maintenance, repair, and operating (MRO) products trading and service platform in the People's Republic of China. The company supplies equipment parts, chemicals, manufacturing parts, general consumables, and office supplies. It also provides MRO procurement and management services, artificial intelligence-powered procurement solutions, logistics and warehousing services, and manufactures and sells intelligent warehousing equipment. Founded in 1998 and headquartered in Shanghai, the company employs 2,933 people.

Revenue grew from $8.32B in FY2022 to $8.72B in FY2023, remained at $8.72B in FY2024, and rose to $8.76B in FY2025 and $8.99B in FY2026, representing a 5-year revenue CAGR of 3.3%. Operating margin improved from -8.2% in FY2022 to -2.4% in FY2026, while net margin improved from -8.8% to -1.6% over the same timeframe. Annual net losses shrank from -$735.7M in FY2022 to -$139.7M in FY2026. For the trailing twelve months ended June 30, 2026, revenue was $9.44B, operating margin turned slightly positive at 0.2%, and EPS was $0.05. In the latest quarter, revenue grew 12.8% year-over-year.

As of June 30, 2026, ZKH held $1.68B in cash and short-term investments against $400.9M in total debt, resulting in a net cash position of $1.27B. Shareholders' equity was $2.90B, and total assets were $6.51B. The company maintained a current ratio of 1.77 and a debt-to-equity ratio of 0.14. In FY2026, operating cash flow stood at $8.5M, while free cash flow was -$43.0M after capital expenditures of $51.6M. Cash used for share buybacks totaled $39.9M in FY2026.

ZKH trades at a trailing price-to-earnings multiple of 35.0x, compared to the 18.0x median of its US-listed Consumer Cyclical peers. Its enterprise value-to-EBITDA ratio is 167.4x, well above the peer median of 11.1x, while its price-to-sales multiple is 0.0x versus the peer median of 0.7x. Over the past year, ZKH shares fell 37.5%, trailing the S&P 500 gain of 16.8%. The stock is down 52.4% year-to-date and closed at $1.75 on October 16, 2026, trading 41.5% below its 200-day moving average.

Wall Street analysts currently have 3 Strong Buy ratings on ZKH, with 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target is $4.30, which is 145.7% above the last close of $1.75. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $9.94B and EPS of $0.90, representing projected EPS growth of 268.9%. Over the last 4 quarters, the company has beaten EPS estimates 2 times. The next earnings date is November 19, 2026.

This page is an AI-written research summary of ZKH Group Limited (ZKH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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