WallStSmart

Haoxin Holdings Limited Class A Ordinary Shares (HXHX)vsZTO Express (Cayman) Inc (ZTO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ZTO Express (Cayman) Inc generates 155740% more annual revenue ($51.49B vs $33.04M). ZTO leads profitability with a 17.9% profit margin vs 12.0%. HXHX trades at a lower P/E of 1.5x. ZTO earns a higher WallStSmart Score of 70/100 (B-).

HXHX

Hold

50

out of 100

Grade: D+

Growth: 2.7Profit: 6.5Value: 6.7Quality: 7.0
Piotroski: 3/9Altman Z: 2.97

ZTO

Strong Buy

70

out of 100

Grade: B-

Growth: 7.3Profit: 7.0Value: 8.0Quality: 7.5
Piotroski: 5/9Altman Z: 3.42
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for HXHX.

ZTOUndervalued (+64.5%)

Margin of Safety

+64.5%

Fair Value

$70.14

Current Price

$22.28

$47.86 discount

UndervaluedFair: $70.14Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

HXHX3 strengths · Avg: 9.3/10
P/E RatioValuation
1.5x10/10

Attractively priced relative to earnings

Price/BookValuation
0.2x10/10

Reasonable price relative to book value

Operating MarginProfitability
23.3%8/10

Strong operational efficiency at 23.3%

ZTO5 strengths · Avg: 8.4/10
Altman Z-ScoreHealth
3.4210/10

Safe zone — low bankruptcy risk

P/E RatioValuation
13.1x8/10

Attractively priced relative to earnings

Price/BookValuation
1.8x8/10

Reasonable price relative to book value

Revenue GrowthGrowth
22.0%8/10

Revenue surging 22.0% year-over-year

Free Cash FlowQuality
$2.79B8/10

Generating 2.8B in free cash flow

Areas to Watch

HXHX4 concerns · Avg: 2.8/10
Market CapQuality
$6.27M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
3.6%3/10

ROE of 3.6% — below average capital efficiency

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Revenue GrowthGrowth
-6.5%2/10

Revenue declined 6.5%

ZTO0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : HXHX

The strongest argument for HXHX centers on P/E Ratio, Price/Book, Operating Margin.

Bull Case : ZTO

The strongest argument for ZTO centers on Altman Z-Score, P/E Ratio, Price/Book. Profitability is solid with margins at 17.9% and operating margin at 19.2%. Revenue growth of 22.0% demonstrates continued momentum.

Bear Case : HXHX

The primary concerns for HXHX are Market Cap, Return on Equity, Piotroski F-Score.

Bear Case : ZTO

No major red flags identified for ZTO, but monitor valuation.

Key Dynamics to Monitor

HXHX profiles as a declining stock while ZTO is a growth play — different risk/reward profiles.

ZTO is growing revenue faster at 22.0% — sustainability is the question.

ZTO generates stronger free cash flow (2.8B), providing more financial flexibility.

Monitor INTEGRATED FREIGHT & LOGISTICS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ZTO scores higher overall (70/100 vs 50/100), backed by strong 17.9% margins and 22.0% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Haoxin Holdings Limited Class A Ordinary Shares

INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS · China

Haoxin Holdings Limited, provides temperature-controlled truckload and urban delivery services in the People's Republic of China.

ZTO Express (Cayman) Inc

INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS · China

ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People's Republic of China. The company is headquartered in Shanghai, the People's Republic of China.

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