ZKH Group Future Growth
Future criteria checks 3/6
ZKH Group is forecast to grow earnings and revenue by 104.9% and 9.3% per annum respectively. EPS is expected to grow by 90.3% per annum. Return on equity is forecast to be 4.7% in 3 years.
Key information
104.9%
Earnings growth rate
90.30%
EPS growth rate
| Trade Distributors earnings growth | 13.9% |
| Revenue growth rate | 9.3% |
| Future return on equity | 4.65% |
| Analyst coverage | Low |
| Last updated | 27 Mar 2026 |
Recent future growth updates
Recent updates
ZKH: Completed Share Repurchase Will Support Future Upside Potential
Analysts have kept their fair value view on ZKH Group effectively unchanged, making only minor adjustments to the discount rate and future P/E assumptions. These updates result in a slightly refined $ price target range that reflects revised risk and earnings assumptions rather than a major shift in outlook.ZKH: Share Repurchase Will Support Future Upside Potential
Analysts have modestly adjusted their price views on ZKH Group, reflecting updated assumptions for the discount rate, profit margin, and future P/E. Together, these factors lead to a slightly revised implied valuation in dollar terms for long-term investors to consider.ZKH: Share Repurchase And Higher Future P/E Will Support Upside Potential
Analysts have adjusted their price target for ZKH Group slightly higher to $4.65 from $4.63, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E of 42.28x versus 19.31x previously. What's in the News ZKH Group completed a share repurchase program between June 13, 2025 and February 28, 2026, buying back 1,400,000 shares for a total of $4.4 million (Key Developments).ZKH: Lower Discount Rate And P/E Assumptions Will Support Upside Potential
Analysts have nudged their price target for ZKH Group slightly higher to reflect a modestly lower discount rate and a small adjustment to the assumed future P/E, while keeping fair value, revenue growth and profit margin assumptions broadly unchanged. Valuation Changes Fair Value: kept unchanged at $4.63 per share, with no adjustment to the core valuation output.ZKH: Lower Future P/E Assumptions Will Support Upside Potential
Analysts have trimmed their price target on ZKH Group to reflect a slightly higher discount rate and a lower assumed future P/E of 19.38x. The updated valuation now stands at $4.63 per share, compared with the prior $4.63, while revenue growth and profit margin assumptions remain effectively unchanged.ZKH: Higher Revenue Assumptions And P/E Multiple Will Support Upside Potential
Analysts have lifted their price target on ZKH Group to US$4.63 from US$3.98, citing updated assumptions around revenue growth, profit margins, discount rate, and a higher future P/E multiple as the key drivers of the change. Valuation Changes Fair Value Estimate: updated from US$3.98 to US$4.63 per share.China Digital Procurement And AI Adoption Will Expand Global Markets
Digital platform strategy and AI-driven solutions drive efficiency, strengthen customer retention, and enable higher-margin sales, supporting robust earnings and margin expansion.ZKH Group Limited (NYSE:ZKH) Stock Rockets 27% But Many Are Still Ignoring The Company
Those holding ZKH Group Limited ( NYSE:ZKH ) shares would be relieved that the share price has rebounded 27% in the...Is ZKH Group (NYSE:ZKH) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...ZKH Group IPO Falls Flat As Investors Worry Over Slowing Growth
Summary ZKH Group raised $62 million in one of the biggest IPOs by a Chinese company in New York this year, though its shares priced weakly and ended flat on their first trading day. The company is valued ahead of many of its global peers, which could pressure its shares as its growth shows signs of slowing sharply. At the end of the day, we can’t get too excited about this company despite its position as a potential consolidator in China’s huge MRO procurement services market. Read the full article on Seeking AlphaEarnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 11,448 | 156 | N/A | N/A | 1 |
| 12/31/2027 | 11,122 | 181 | 656 | 150 | 4 |
| 12/31/2026 | 9,701 | 24 | -567 | 502 | 2 |
| 12/31/2025 | 8,988 | -140 | -45 | 9 | N/A |
| 9/30/2025 | 8,801 | -174 | N/A | N/A | N/A |
| 6/30/2025 | 8,753 | -231 | N/A | N/A | N/A |
| 3/31/2025 | 8,836 | -244 | N/A | N/A | N/A |
| 12/31/2024 | 8,761 | -268 | 146 | 229 | N/A |
| 9/30/2024 | 8,835 | -299 | N/A | N/A | N/A |
| 6/30/2024 | 8,819 | -418 | N/A | N/A | N/A |
| 3/31/2024 | 8,643 | -901 | N/A | N/A | N/A |
| 12/31/2023 | 8,721 | -964 | -624 | -568 | N/A |
| 9/30/2023 | 8,537 | -1,065 | -523 | -477 | N/A |
| 6/30/2023 | 8,605 | -1,332 | N/A | N/A | N/A |
| 3/31/2023 | 8,393 | -1,091 | N/A | N/A | N/A |
| 12/31/2022 | 8,315 | -1,245 | -554 | -504 | N/A |
| 9/30/2022 | 8,310 | -1,613 | -703 | -630 | N/A |
| 6/30/2022 | 8,164 | -1,516 | -1,296 | -1,182 | N/A |
| 3/31/2022 | 7,910 | -1,484 | -1,419 | -1,282 | N/A |
| 12/31/2021 | 7,655 | -1,452 | -1,541 | -1,383 | N/A |
| 9/30/2021 | 7,024 | -1,067 | -1,193 | -1,061 | N/A |
| 12/31/2020 | 4,686 | -586 | -31 | 32 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZKH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.5%).
Earnings vs Market: ZKH is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ZKH is expected to become profitable in the next 3 years.
Revenue vs Market: ZKH's revenue (9.3% per year) is forecast to grow slower than the US market (11.6% per year).
High Growth Revenue: ZKH's revenue (9.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZKH's Return on Equity is forecast to be low in 3 years time (4.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 04:34 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
ZKH Group Limited is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiaodan Zhang | China International Capital Corporation Limited |
| Diying Ji | China Renaissance Securities |
| Zeyuan Yang | Citic Securities Co., Ltd. |