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ZTE Corporation 000063.SZ

CN · XSHE · XSHE · stock · Technology · website

ZTE Corporation statistics & valuation

Market capCN¥167.7B
P / E29.8×
P / S1.3×
P / B2.2×
Net margin4.2%
FCF margin0.0%
Net debtCN¥32.2B
Enterprise value USD$25.7B
Earnings yield EBIT/EV3.1%
Return on capital4.5%
Graham number -36.9%CN¥22.11

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (CN¥22.11); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.60% 7.50% 6.90% 4.20% 2022202320242025
Gross margin (%)
37.20% 41.50% 37.90% 30.30% 2022202320242025
Operating margin (%)
8.60% 8.80% 8.50% 4.60% 2022202320242025
Return on equity (%)
13.80% 13.70% 11.60% 7.40% 2022202320242025
Shares outstanding
4.03B 4.03B 4.03B 4.03B 2022202320242025
Net debt (CN¥)
-CN¥9.81B -CN¥19.43B CN¥14.77B CN¥32.24B 2022202320242025
Share buybacks (CN¥)
2022202320242025
Return on assets (%)
4.50% 4.60% 4.10% 2.60% 2022202320242025
Free cash flow margin (%)
2.10% 10.80% 6.20% 0.00% 2022202320242025
Debt / equity (×)
0.79× 0.87× 0.81× 0.87× 2022202320242025
EPS (CN¥)
CN¥1.71 CN¥1.96 CN¥1.76 CN¥1.16 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ZTE Corporation trades at about 30.2× earnings — above its 10-year norm (10-year range 11.2×–33.2×, median 22.7×).

11.2× 33.2×

Shaded band = 10-year range (11.2×–33.2×); dot = today's 30.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin30.3%37.9%41.5%37.2%
Operating margin4.6%8.5%8.8%8.6%
Net margin4.2%6.9%7.5%6.6%
FCF margin0.0%6.2%10.8%2.1%
Return on assets2.6%4.1%4.6%4.5%
Return on equity7.4%11.6%13.7%13.8%
Debt / equity0.71×0.62×0.63×0.60×
Current ratio1.761.721.911.76

Computed from company filings · CN · as of 2025-12-31. Figures in CNY. Facts plus Stocktoria's own computed scores — not investment advice.