Zhihu (ZH) Resumen de Acciones
Zhihu Inc. explota, junto con sus filiales, una comunidad de contenidos en línea en la República Popular China. Saber más
| Puntuación del snowflake | |
|---|---|
| Valoración | 4/6 |
| Crecimiento futuro | 0/6 |
| Rendimiento pasado | 0/6 |
| Salud financiera | 4/6 |
| Dividendos | 0/6 |
ZH Community Fair Values
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Analyst Price Targets
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Fair Value from
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Historial de precios y rendimiento
| Precios históricos de las acciones | |
|---|---|
| Precio actual de la acción | US$3.39 |
| Máximo en las últimas 52 semanas | US$5.55 |
| Mínimo de 52 semanas | US$2.57 |
| Beta | 0.35 |
| Cambio en 1 mes | 10.06% |
| Variación en 3 meses | -2.31% |
| Cambio de 1 año | -15.46% |
| Variación en 3 años | -44.06% |
| Variación en 5 años | -92.77% |
| Variación desde la OPV | -93.35% |
Noticias y actualizaciones recientes
Actualización del análisis • Apr 24
ZH: Goodwill Impairment And Reset Are Expected To Unlock Future Upside
Analysts have trimmed their price target on Zhihu to about $4.43 from roughly $4.52. They cited a slightly higher discount rate and a modestly richer assumed future P/E multiple in their updated models.Actualización del análisis • Apr 10
ZH: Goodwill Reset And Impairment Charge Will Support Future Upside
Analysts have revised their Zhihu price target from $4.91 to $4.52, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower expected future P/E multiple. What's in the News Zhihu reported an impairment loss on goodwill of RMB 126,344,000 for the fourth quarter ended December 31, 2025, which directly affects reported earnings for that period (Key Developments).Seeking Alpha • Mar 30
Zhihu: Has Growth Potential Even Though The AI Fallout Continues
Summary Zhihu has struggled after the stock started 2026 with a major rally, which seems to have been caused by a combination of factors. The latest report from ZH failed to provide a lift because even though there was progress in some areas, there was also regress in other areas. There is reason to believe that ZH has much growth potential yet to be tapped, which could become unlocked due to advances in AI technology. ZH has the potential to grow faster than it has recently, which, along with low valuations, is why I am bullish on ZH with a buy rating. Read the full article on Seeking AlphaActualización del análisis • Mar 27
ZH: Share Repurchases And Goodwill Reset Will Support Future Upside
Analysts have reduced their Zhihu price target by about $0.93. This reflects updated views on fair value, a slightly higher discount rate, softer revenue growth assumptions, somewhat lower profit margin expectations, and a higher future P/E multiple.Recent updates
Actualización del análisis • Apr 24
ZH: Goodwill Impairment And Reset Are Expected To Unlock Future Upside
Analysts have trimmed their price target on Zhihu to about $4.43 from roughly $4.52. They cited a slightly higher discount rate and a modestly richer assumed future P/E multiple in their updated models.Actualización del análisis • Apr 10
ZH: Goodwill Reset And Impairment Charge Will Support Future Upside
Analysts have revised their Zhihu price target from $4.91 to $4.52, citing updated assumptions for revenue growth, profit margins, discount rate, and a lower expected future P/E multiple. What's in the News Zhihu reported an impairment loss on goodwill of RMB 126,344,000 for the fourth quarter ended December 31, 2025, which directly affects reported earnings for that period (Key Developments).Seeking Alpha • Mar 30
Zhihu: Has Growth Potential Even Though The AI Fallout Continues
Summary Zhihu has struggled after the stock started 2026 with a major rally, which seems to have been caused by a combination of factors. The latest report from ZH failed to provide a lift because even though there was progress in some areas, there was also regress in other areas. There is reason to believe that ZH has much growth potential yet to be tapped, which could become unlocked due to advances in AI technology. ZH has the potential to grow faster than it has recently, which, along with low valuations, is why I am bullish on ZH with a buy rating. Read the full article on Seeking AlphaActualización del análisis • Mar 27
ZH: Share Repurchases And Goodwill Reset Will Support Future Upside
Analysts have reduced their Zhihu price target by about $0.93. This reflects updated views on fair value, a slightly higher discount rate, softer revenue growth assumptions, somewhat lower profit margin expectations, and a higher future P/E multiple.Artículo de análisis • Jul 18
Optimistic Investors Push Zhihu Inc. (NYSE:ZH) Shares Up 29% But Growth Is Lacking
Zhihu Inc. ( NYSE:ZH ) shares have continued their recent momentum with a 29% gain in the last month alone. The last 30...Nuevo análisis • May 31
AI Integration And Premium Content Will Expand Engagement In China
AI-driven engagement and premium content expansion are expected to boost user retention, advertiser appeal, and shift revenue mix toward higher-margin streams.Artículo de análisis • May 31
Zhihu Inc. (NYSE:ZH) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
Shareholders might have noticed that Zhihu Inc. ( NYSE:ZH ) filed its quarterly result this time last week. The early...Artículo de análisis • Apr 20
Zhihu Inc.'s (NYSE:ZH) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
The Zhihu Inc. ( NYSE:ZH ) share price has softened a substantial 27% over the previous 30 days, handing back much of...Seeking Alpha • Mar 28
Zhihu: Turning Bullish On Bottom-Line Beat And New AI Tool (Rating Upgrade)
Summary I have a Buy rating awarded to Zhihu, as the stock is inexpensive with potential catalysts. The continued narrowing of losses and the growing popularity of the new AI search add-on Zhida can act as valuation re-rating drivers. ZH is currently trading at less than 1 times forward revenue, which is way below its all-time historical P/S average of 2.6x. Read the full article on Seeking AlphaArtículo de análisis • Feb 11
Zhihu Inc. (NYSE:ZH) Surges 27% Yet Its Low P/S Is No Reason For Excitement
The Zhihu Inc. ( NYSE:ZH ) share price has done very well over the last month, posting an excellent gain of 27%. The...Seeking Alpha • Dec 18
Zhihu: Heading In The Right Direction
Summary FY2024 is likely to end with the fourth consecutive annual loss, but the trend is favorable with smaller and smaller losses. ZH is close to breaking even, and profits do not look to be far away as a result of various measures taken by ZH. There are risks hanging over ZH, but its market cap may still be too low, especially if ZH becomes profitable. There is an argument to be made in favor of long ZH after taking into account all the recent progress made. Read the full article on Seeking AlphaArtículo de análisis • Sep 29
Little Excitement Around Zhihu Inc.'s (NYSE:ZH) Revenues
You may think that with a price-to-sales (or "P/S") ratio of 0.7x Zhihu Inc. ( NYSE:ZH ) is a stock worth checking out...Artículo de análisis • Aug 25
Zhihu Inc. (NYSE:ZH) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Zhihu Inc. ( NYSE:ZH ) came out with its quarterly results last week, and we wanted to see how the business is...Seeking Alpha • Aug 25
Zhihu: Bottom Line Improvement Came At The Expense Of Larger Revenue Drop
Summary ZH's Q2 2024 bottom line performance improved significantly with operating and net losses narrowing. Zhihu plans to focus on cost optimization to target the achievement of positive earnings for Q4 2024. Revenue for ZH contracted by -11% YoY in the second quarter despite a bottom line beat, and an unfavorable top line outlook has limited the stock's valuation re-rating potential. Read the full article on Seeking AlphaSeeking Alpha • Jun 13
Zhihu Sees Wider Losses Despite Revenue Beat
Summary ZH's Q1 sales accounted for over a quarter of the full-year consensus revenue estimate, and its first quarter top-line beat is attributable to the vocational training business' good performance. But Zhihu's normalized net loss widened on both QoQ and YoY terms in Q1 2024, and a negative revenue mix might continue to weigh on its future bottom-line performance. The company's latest first quarter results have mixed read-throughs, so I have decided to maintain my Hold rating for ZH. Read the full article on Seeking AlphaArtículo de análisis • May 21
Is Zhihu Inc. (NYSE:ZH) Trading At A 23% Discount?
Key Insights The projected fair value for Zhihu is US$5.25 based on 2 Stage Free Cash Flow to Equity Current share...Artículo de análisis • Apr 01
News Flash: 8 Analysts Think Zhihu Inc. (NYSE:ZH) Earnings Are Under Threat
Today is shaping up negative for Zhihu Inc. ( NYSE:ZH ) shareholders, with the analysts delivering a substantial...Artículo de análisis • Mar 30
Zhihu Inc. (NYSE:ZH) Just Reported And Analysts Have Been Cutting Their Estimates
Shareholders might have noticed that Zhihu Inc. ( NYSE:ZH ) filed its full-year result this time last week. The early...Artículo de análisis • Feb 03
An Intrinsic Calculation For Zhihu Inc. (NYSE:ZH) Suggests It's 46% Undervalued
Key Insights Using the 2 Stage Free Cash Flow to Equity, Zhihu fair value estimate is US$1.42 Zhihu's US$0.77 share...Artículo de análisis • Jan 06
Zhihu Inc. (NYSE:ZH) Might Not Be As Mispriced As It Looks
Zhihu Inc.'s ( NYSE:ZH ) price-to-sales (or "P/S") ratio of 0.9x might make it look like a buy right now compared to...Seeking Alpha • Dec 11
Zhihu Q3 Earnings: Still A Hold Considering Both Revenue And Profitability Expectations
Summary Zhihu's revenue growth prospects for 2023 are unfavorable, with analysts projecting a slowdown in expansion. The company's marketing services segment performed poorly in Q3 2023 and is expected to remain under pressure. ZH aims to achieve breakeven in one quarter of FY 2024 but does not expect to generate positive earnings for the full year. Read the full article on Seeking AlphaArtículo de análisis • Aug 26
Zhihu Inc. (NYSE:ZH) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
It's been a sad week for Zhihu Inc. ( NYSE:ZH ), who've watched their investment drop 14% to US$0.95 in the week since...Seeking Alpha • Aug 24
Zhihu: A Tricky Balancing Act
Summary ZH's Q2 2023 revenue and reported operating loss fell short of analysts' expectations, and the company's share price dropped by -9.4% on the day of the results announcement. It is tough for Zhihu to strike a delicate balance between growing the company's top line and improving its profitability. I deem ZH's shares to be deserving of a Hold rating, considering both its tricky balancing act and its undemanding valuations. Read the full article on Seeking AlphaArtículo de análisis • Jul 21
Is Zhihu Inc. (NYSE:ZH) Trading At A 43% Discount?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Zhihu fair value estimate is US$1.93 Zhihu's US$1.10 share...Seeking Alpha • Jun 09
Zhihu Could Stay Cheap Without Catalysts
Summary I think that Zhihu's Q2 2023 results will be inferior to that of its performance for Q1 2023, as per what the analysts are currently forecasting. But ZH's attractive P/S and EV/EBITDA valuations have already largely factored in negatives associated with its lackluster short-term outlook. I keep my Hold rating for Zhihu, as there aren't any catalysts in the near term to drive a positive re-rating of its valuations. Read the full article on Seeking AlphaArtículo de análisis • Apr 17
Take Care Before Diving Into The Deep End On Zhihu Inc. (NYSE:ZH)
There wouldn't be many who think Zhihu Inc.'s ( NYSE:ZH ) price-to-sales (or "P/S") ratio of 1.4x is worth a mention...Artículo de análisis • Jan 06
Calculating The Intrinsic Value Of Zhihu Inc. (NYSE:ZH)
Does the January share price for Zhihu Inc. ( NYSE:ZH ) reflect what it's really worth? Today, we will estimate the...Seeking Alpha • Jan 02
Zhihu appoints Henry Dachuan Sha as CFO
Zhihu (NYSE:ZH) appoints Mr. Henry Dachuan Sha as a Director and the Chief Financial Officer, effective immediately. Mr. Sha joins the firm from Quwan Holding where he was CFO. Mr. Sha replaces Mr. Wei Sun, who has tendered his resignation from the positions of director and chief financial officer to pursue other business endeavors. Source: Press ReleaseSeeking Alpha • Dec 07
Zhihu: Watch Trade-Offs And Investor Sentiment
Summary Zhihu is trading off slower growth for narrower losses. ZH's operating expenses declined significantly in the recent quarter, but this came at the expense of revenue growth deceleration and a decline in monthly active users. I am maintaining my Hold rating for Zhihu, as investor sentiment towards the name has yet to turn positive. Elevator Pitch My rating for Zhihu Inc.'s (ZH) [2390:HK] shares is a Hold. I evaluated ZH's valuations and financial outlook in my prior write-up for the stock published on September 26, 2022. In the current article, I analyze how Zhihu is sacrificing growth in exchange for cost reduction. The trade-offs that Zhihu is making haven't impressed analysts, as the sell-side has continued to cut 2023 top line estimates and price targets for ZH in the past few months. Zhihu's shares only warrant a Buy rating, assuming that the company is able to deliver both strong revenue growth and improved profitability. For now, ZH stays a Hold-rated name in my opinion. ZH Achieved Narrower Losses In Most Recent Quarter In the current market environment where investors are placing a stronger emphasis on profitability rather than growth, many fast-growing technology companies have chosen to engage in cost cutting to boost their bottom line. Zhihu falls into this category of companies. In the third quarter of this year, ZH's losses were narrower, and came in better than what the sell-side analysts were forecasting. Zhihu's Q3 2022 loss from operations was -RMB279 million as indicated in its recent earnings report, which compares favorably with the company's operating loss of -RMB461 million in the second quarter. The company's actual third quarter loss from operations was also superior to the market's consensus operating loss estimate of -RMB491 million based on S&P Capital IQ data. The company's net loss attributable to shareholders narrowed from -RMB487 million in Q2 2022 to -RMB300 million for the most recent quarter. It is worthy of note that the sell-side had earlier projected a substantially wider Q3 2022 net loss of -RMB545 million for ZH. It was Zhihu's cost management efforts which paid off in the form of an improvement in the company's bottom line. ZH specifically mentioned about "rigorous cost control and ongoing efficiency improvement" at its Q3 2022 results briefing, and this is reflected in its financial numbers. ZH's selling and marketing costs (S&M) declined by -10% QoQ to -RMB478 million in Q3 2022, while its research and development (R&D) costs fell by -28% QoQ to -RMB161 million in the recent quarter. The company managed to lower the proportion of S&M expenses as a percentage of revenue from 63% in Q2 2022 to 52% for Q3 2022, and its R&D expenses-to-revenue ratio also decreased from 27% to 18% over the same period. But Zhihu Saw A Decline In Users And Slower Revenue Growth Everything comes at a cost, and there are always trade-offs that companies have to consider in making business decisions. ZH might have delivered a better-than-expected bottom line in the third quarter of 2022, but the cost savings could have had a negative impact on the company's growth in the same time frame. The monthly average users or MAUs for Zhihu contracted by -4% YoY from 101.2 million for the third quarter of 2022 to 97.0 million in the most recent quarter. Based on my calculations, ZH's average revenue per paying user also decreased by -3% QoQ to approximately RMB10.3 in Q3 2022. In local currency terms, ZH's YoY top line expansion also slowed from +55% in Q1 2022 and +31% in Q2 2022 to +11% for Q3 2022. More significantly, the analysts' consensus financial projections taken from S&P Capital IQ suggest that the market sees Zhihu's revenue growth decelerating further to +6% YoY in the final quarter of this year on a YoY basis. Zhihu attributed the slower Q3 2022 top line increase to "the COVID situation and the weaker economic environment" in China at the company's recent third quarter earnings briefing. However, it is reasonable to assume that ZH's cut in S&M and R&D costs have also contributed to the decrease in its MAUs and its top line growth deceleration. Investor Sentiment Is Still Weak It takes a meaningful shift in investor sentiment for a stock to experience a positive re-rating. In that respect, investor sentiment towards Zhihu appears to remain weak judging by the change in consensus forecasts and price targets. According to S&P Capital IQ data, the analysts' consensus FY 2023 top line estimate for Zhihu has been reduced by -3% from RMB5,101 million at the end of September to RMB4,939 million now. Similarly, the sell-side's consensus target price for ZH was lowered by -3% in the same period.Rentabilidad de los accionistas
| ZH | US Interactive Media and Services | Mercado US | |
|---|---|---|---|
| 7D | 5.9% | 2.9% | 2.1% |
| 1Y | -15.5% | 87.0% | 30.6% |
Rentabilidad vs. Industria: Los resultados de ZH fueron inferiores a los de la industria US Interactive Media and Services, que obtuvo un rendimiento del 87% el año pasado.
Rentabilidad vs. Mercado: ZH obtuvo unos resultados inferiores a los del mercado US, que fueron del 30.6% el año pasado.
Volatilidad de los precios
| ZH volatility | |
|---|---|
| ZH Average Weekly Movement | 7.2% |
| Interactive Media and Services Industry Average Movement | 8.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.1% |
| 10% least volatile stocks in US Market | 3.2% |
Precio estable de las acciones: ZH no ha tenido una volatilidad de precios significativa en los últimos 3 meses en comparación con el mercado US.
Volatilidad a lo largo del tiempo: La volatilidad semanal de ZH (7%) se ha mantenido estable durante el año pasado.
Acerca de la empresa
| Fundada | Empleados | CEO | Página web |
|---|---|---|---|
| 2010 | 1,154 | Yuan Zhou | www.zhihu.com |
Zhihu Inc., junto con sus filiales, gestiona una comunidad de contenidos en línea en la República Popular China. La empresa ofrece contenidos de diversas categorías, como desarrollo profesional, ciencia y tecnología, negocios y finanzas, toma de decisiones de consumo, estilo de vida, entretenimiento y otros. También ofrece el programa de afiliación Yan Selection, que proporciona contenidos premium, como relatos y novelas de ficción, otros libros y revistas, conferencias en directo y grabadas, y audiolibros.
Resumen de fundamentos de Zhihu Inc.
| Estadísticas fundamentales de ZH | |
|---|---|
| Capitalización bursátil | US$257.54m |
| Beneficios(TTM) | -US$28.36m |
| Ingresos (TTM) | US$404.18m |
0.7x
Ratio precio-ventas (PS)-9.4x
Ratio precio-beneficio (PE)¿Está ZH sobrevalorada?
Ver valor justo y análisis de valoraciónBeneficios e Ingresos
| Cuenta de resultados (TTM) de ZH | |
|---|---|
| Ingresos | CN¥2.75b |
| Coste de los ingresos | CN¥1.10b |
| Beneficio bruto | CN¥1.65b |
| Otros gastos | CN¥1.84b |
| Beneficios | -CN¥192.90m |
Últimos beneficios comunicados
Dec 31, 2025
Próxima fecha de beneficios
n/a
| Beneficios por acción (BPA) | -2.46 |
| Margen bruto | 59.94% |
| Margen de beneficio neto | -7.02% |
| Ratio deuda/patrimonio | 0.9% |
¿Cómo se ha desempeñado ZH a largo plazo?
Ver rendimiento histórico y comparativaAnálisis de la empresa y estado de los datos financieros
| Datos | Última actualización (huso horario UTC) |
|---|---|
| Análisis de la empresa | 2026/05/07 03:54 |
| Precio de las acciones al final del día | 2026/05/07 00:00 |
| Beneficios | 2025/12/31 |
| Ingresos anuales | 2025/12/31 |
Fuentes de datos
Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.
| Paquete | Datos | Marco temporal | Ejemplo Fuente EE.UU. * |
|---|---|---|---|
| Finanzas de la empresa | 10 años |
| |
| Estimaciones del consenso de analistas | +3 años |
|
|
| Precios de mercado | 30 años |
| |
| Propiedad | 10 años |
| |
| Gestión | 10 años |
| |
| Principales avances | 10 años |
|
* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.
A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.
Modelo de análisis y copo de nieve
Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.
Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.
Métricas industriales y sectoriales
Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.
Fuentes analistas
Zhihu Inc. está cubierta por 11 analistas. 6 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.
| Analista | Institución |
|---|---|
| Xueqing Zhang | China International Capital Corporation Limited |
| Yi Jing Wei | Citigroup Inc |
| Yang You | CLSA |