ZKH

ZKH GroupB

NYSE / Capital Goods

At close

2026-06-02

Current thesis

ZKH has now shown a tangible Q4/FY2025 earnings inflection, with Q4 returning to GAAP and non-GAAP profitability while customer count and SME activity accelerated; if audited results validate that AI adoption, private-label mix, and fulfillment efficiency are durable, the current valuation could be too depressed [#PR-2026-03-19].

Posture

Constructive

Lead driver

Momentum

What changed

Momentum remains the lead driver in the composite.

What can break

China regulatory, geopolitical, and foreign-private-issuer reporting risks remain part of the ADR discount [#20F-2025-04-17].

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $3.20 · Bull $4.40 · Bear $2.10

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-04-18 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade B · Constructive

Confidence Medium · Net Neutral

Target $4.21

Why

Momentum84 · Δ7d -

Value39 · Δ7d -0.0

Sentiment59 · Δ7d -

So what

Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Lead driver: Momentum · See technicals

Momentum

34% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Value

32% active weight

Current posture

7d trendFlat

Δ7d

-0.0

Δ21d

-0.0

Sentiment

33% active weight

Current posture

7d trendTrend unavailable

Trend unavailable

Δ7d

Δ21d

Why this grade

Composite grade B. Momentum 84.1 / Value 39.3 / Sentiment 59.0

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$461.86M

Beta

Shares Out

5.62B

P/E (TTM) · Derived

-2.5

P/S (TTM)

0.47

P/FCF (TTM)

28.58

Rev YoY

+2.1%

EPS YoY

+69.9%

Gross Margin

+16.9%

Op Margin

-2.5%

Net Debt

-$223.77M

Current Ratio

1.85

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology