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J&T Global Express Ltd Ordinary Shares - Class B 01519

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Stock XHKG Rating as of
HK$8.46 −0.18 (2.08%)
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As of Delayed Price Closed

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J&T Earnings: Strong Southeast Asia Growth Boosts Profitability; Valuation Remains Attractive

Chelsey Tam, Shawn Tay

J&T Express primarily adopts the regional sponsor model for its express delivery business, where the national headquarters formulates strategy and execution plans, while regional sponsors operate sorting centers, line-haul transportation, pickup and delivery. Advantages of this model include quick adaption based on regional sponsors’ local knowledge, low capital expenditure, and rapid market expansion. When the regional operating entities’ businesses stabilize, J&T seeks to acquire them from the regional sponsors for shares in J&T, reducing risk of unviable investment.

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Price vs Fair Value

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01519 is trading within a range we consider fairly valued.
Price
HK$8.46
Fair Value
LOCK|.pD
Uncertainty
LOCK|$^
1-Star Price
LOCK|.b!%
5-Star Price
LOCK|yK
Economic Moat
LOCK|$N
Capital Allocation
LOCK|N!

Bulls Say, Bears Say

Bulls

J&T manages to increase its parcel volume share in China through superior service quality and impeccable cost control faster than expected, resulting in more-than-expected market share gain.

Bears

Stronger-than-estimated price competition would further pressure J&T’s unit revenue.

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Trading Information

Previous Close Price
HK$8.64
Day Range
HK$8.40–8.55
52-Week Range
HK$7.54–12.20
Bid/Ask
HK$8.43 / HK$8.46
Shares Outstanding
9.60B
Market Cap
HK$81.18B
Volume/Avg
25M / 39M

Key Statistics

Price/Earnings (Normalized)
19.81
Price/Sales
0.69
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
1.07%

Company Profile

J&T Express provides express delivery in 13 countries, with a number one position in Southeast Asia and a leading position in China by parcel volume share in the first half of 2025 and a growing footprint in Latin America and the Middle East. As of Sept. 30, 2025, it had network coverage across Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil, and Egypt.
Sector
Industrials
Industry
Integrated Freight & Logistics
Stock Style Box
Large Core
Total Number of Employees
242,039
Website
https://www.jtexpress.com

Competitors

Valuation

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Metric
01519
002468
002120
Price/Earnings (Normalized)
 19.8110.4312.12
Price/Book Value
 2.471.900.92
Price/Sales
 0.690.350.38
Price/Cash Flow
 8.404.175.14
Price/Earnings
01519
002468
002120

Financial Strength

Metric
01519
002468
002120
Quick Ratio
 1.060.421.12
Current Ratio
 1.390.751.62
Interest Coverage
 3.779.899.34
Quick Ratio
01519
002468
002120

Profitability

Metric
01519
002468
002120
Return on Assets (Normalized)
 6.78%6.89%4.31%
Return on Equity (Normalized)
 17.83%18.37%7.72%
Return on Invested Capital (Normalized)
 11.58%10.81%5.60%
Return on Assets
01519
002468
002120

Integrated Freight & Logistics Industry Comparables

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LOCK|K%cc?$gLOCK|cs$79B
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LOCK|^>&trVLOCK|#dT#$71B
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LOCK|$%>#pRmLOCK|f%$L$69B
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LOCK|m!?j>C#LOCK|&nv$25B
 JB Hunt Transport Services Inc
JBHT
LOCK|gv%TgGLOCK|W%$$$22B
 C.H. Robinson Worldwide Inc
CHRW
LOCK|^#v@fzKzLOCK|D@q$18B
 FedEx Freight Holding Co Inc
FDXF
LOCK|&wP&!hNLOCK|#$s$17B
 ZTO Express (Cayman) Inc ADR
ZTO
LOCK|lPZRY^<LOCK|#lr$$15B
 Landstar System Inc
LSTR
LOCK|PS#Y^%wLOCK|#^^$6B
 Hub Group Inc Class A
HUBG
LOCK|p?x<#mLOCK|?t><q$2B

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