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ZTO Express (Cayman) (MEX:ZTO N) Moat Score : 6/10 (As of Jun. 29, 2025)


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What is ZTO Express (Cayman) Moat Score?

ZTO Express (Cayman) has the Moat Score of 6, which implies that the company might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

ZTO Express (Cayman) has Narrow Moat: ZTO Express has a strong narrow moat due to its superior distribution network and economies of scale in the logistics sector. However, competitive pressures prevent it from achieving a wide moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes ZTO Express (Cayman) might have Narrow Moat - Strong narrow moat, clearly distinguishable but not wide.

Competitive Comparison of ZTO Express (Cayman)'s Moat Score

For the Integrated Freight & Logistics subindustry, ZTO Express (Cayman)'s Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ZTO Express (Cayman)'s Moat Score Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ZTO Express (Cayman)'s Moat Score distribution charts can be found below:

* The bar in red indicates where ZTO Express (Cayman)'s Moat Score falls into.


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ZTO Express (Cayman)  (MEX:ZTO N) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

ZTO Express (Cayman) Moat Score Related Terms

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ZTO Express (Cayman) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ZTO Express (Cayman) Inc (MEX:ZTO N) » Definitions » Moat Score
Comparable Companies
JBHT EXPD CHRW LSTR GXO HUBG PBI FWRD CYRX RLGT UPS OCSE:DSV FDX XTER:DHL SZSE:002352 XSWX:KNIN HKSE:02618 HKSE:01519 SHSE:600233 XKRX:086280
Traded in Other Exchanges
ZTOEF:USA ZTO:USA 02057:Hong Kong 0A33:UK ZTOB:Germany Z1TO34:Brazil
Address
No. 1685 Huazhi Road, Building One, Qingpu District, Shanghai, CHN, 201708
Website
https://ir.zto.com
ZTO Express is China's largest express delivery company by parcel volume, with a volume share of 22.1% in 2022. It operates a network partner model where it provides line-haul transportation and sorting services, while its local network partners provide first-mile pickup and last-mile delivery services under the ZTO brand name. Headquartered in Shanghai, the company was founded in 2002 by Meisong Lai, who remains chair, CEO, and its major shareholder with 77% voting rights as of June 30, 2023. ZTO's strategic shareholder is leading China e-commerce company Alibaba Group with around an 11.7% interest.

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