Latest Ratios: P/E Ratio -1.0x · EV/EBITDA N/A · ROE N/A. (2020–2024 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Market Cap | $6.8B | $6.7B | — | — | — | — |
| Enterprise Value | $14.7B | $14.5B | — | — | — | — |
| P/E Ratio → | -0.98 | — | — | — | — | — |
| P/S Ratio | 0.09 | 0.09 | — | — | — | — |
| P/B Ratio | — | — | — | — | — | — |
| P/FCF | 4.61 | 4.50 | — | — | — | — |
| P/OCF | 14.79 | 2.09 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.19 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — |
| EV / FCF | — | 9.77 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Gross Margin | 16.4% | 16.4% | 13.3% | 1.2% | 2.5% | 3.9% |
| Operating Margin | -8.5% | -8.5% | -15.8% | -22.4% | -65.9% | 2.6% |
| Net Profit Margin | -8.5% | -8.5% | -16.2% | -24.9% | -66.8% | 3.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| ROE | — | — | — | — | -1316.7% | 20.0% |
| ROA | -21.5% | -21.5% | -55.8% | -339.4% | -288.1% | 9.0% |
| ROIC | — | — | -7064.7% | -281.2% | -218.9% | 1.9% |
| ROCE | — | — | — | — | — | — |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 23.50 | 5.60 |
| Debt / EBITDA | — | — | — | — | — | 21.25 |
| Net Debt / Equity | — | — | — | — | -3.20 | 5.32 |
| Net Debt / EBITDA | — | — | — | — | — | 20.20 |
| Debt / FCF | — | 5.27 | 13.03 | — | — | — |
| Interest Coverage | -92.42 | -92.42 | -31.94 | -25.21 | -80.87 | 1.24 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Current Ratio | 0.63 | 0.63 | 0.63 | 0.83 | 0.93 | 1.80 |
| Quick Ratio | 0.52 | 0.52 | 0.47 | 0.65 | 0.81 | 1.74 |
| Cash Ratio | 0.19 | 0.19 | 0.10 | 0.20 | 0.38 | 0.04 |
| Asset Turnover | — | 2.32 | 1.91 | 11.39 | 3.48 | 2.76 |
| Inventory Turnover | 15.29 | 15.29 | 8.57 | 1.38 | 0.70 | 1.74 |
| Days Sales Outstanding | — | 50.15 | 11.25 | 3.52 | 230.07 | 1.73 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — |
| FCF Yield | 21.7% | 22.2% | — | — | — | — |
| Buyback Yield | 2.7% | 2.8% | — | — | — | — |
| Total Shareholder Yield | 2.7% | 2.8% | — | — | — | — |
| Shares Outstanding | — | $235M | $200M | $244M | $151M | $200M |
Negative Equity and Leverage
Based on reported figures, ZK trades at a price-to-sales ratio of 0.09, which suggests that the market is heavily discounting the company's future earnings potential relative to its rapid revenue expansion and the inherent risks associated with its current negative equity position and intense sector competition.
The forward P/E of 2.33 indicates that investors are pricing in a rapid transition to profitability, yet this valuation appears highly sensitive to the company's ability to maintain its current growth trajectory. Given the negative TTM P/E, the market seems to be valuing ZK as a speculative manufacturing play rather than a stable technology platform, warranting caution regarding the sustainability of these multiples.
As reported in financial statements, ZK's ROIC has shown extreme volatility, swinging from -152.0% in 2024Q1 to 5.8% in 2025Q2, which indicates that the company is struggling to generate consistent returns on its massive capital investments while scaling its premium electric vehicle manufacturing operations.
The erratic nature of these returns suggests that the company's capital allocation is currently dominated by the heavy upfront costs of scaling production rather than operational efficiency. Investors should monitor whether the recent positive ROIC trend can be sustained as the company continues to expand its global footprint and diversify its product portfolio.
According to recent SEC filings, ZK's cash conversion cycle reached 159 days in 2025Q2, a figure that reflects the significant time required to convert inventory into cash and highlights the operational challenges of managing a complex supply chain within the Geely ecosystem.
The high days-to-inventory and days-to-payables metrics suggest that ZK is utilizing its supplier relationships to manage liquidity, which may be a temporary necessity rather than a sustainable efficiency. This reliance on extended payment terms warrants further investigation into the company's underlying bargaining power with its component suppliers.
Based on the 2025Q2 balance sheet, ZK maintains a current ratio of 0.59, which indicates that the company's short-term assets are insufficient to cover its immediate liabilities, suggesting a heightened reliance on external financing to maintain ongoing operations and meet its near-term debt obligations.
This liquidity position appears vulnerable, particularly given the company's negative equity and the capital-intensive nature of the automotive industry. The lack of a robust liquidity buffer implies that any disruption in capital market access or a downturn in vehicle demand could force the company to seek emergency funding or parent-company support.
The most commonly misapplied metric for ZK is the price-to-book ratio, which is rendered largely meaningless by the company's negative equity position resulting from aggressive, debt-funded expansion and the rapid accumulation of historical losses during its initial scaling phase in the premium electric vehicle market.
Investors should instead focus on enterprise value-based multiples or cash-flow-to-debt ratios to better assess the company's true financial health. Relying on book value in this context obscures the reality that ZK's value is derived from its manufacturing capacity and ecosystem integration rather than its accounting net worth.
Includes 30+ ratios · 5 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying ZK stock.
ZEEKR Intelligent Technology Holding Limited's current P/E ratio is -1.0x. This places it at the 50th percentile of its historical range.
Based on historical data, ZEEKR Intelligent Technology Holding Limited is trading at a P/E of -1.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
ZEEKR Intelligent Technology Holding Limited has 16.4% gross margin and -8.5% operating margin.