WallStSmart

Landstar System Inc (LSTR)vsZTO Express (Cayman) Inc (ZTO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

ZTO Express (Cayman) Inc generates 931% more annual revenue ($51.49B vs $5.00B). ZTO leads profitability with a 17.9% profit margin vs 2.6%. LSTR appears more attractively valued with a PEG of 1.26. ZTO earns a higher WallStSmart Score of 70/100 (B-).

LSTR

Buy

57

out of 100

Grade: C

Growth: 6.0Profit: 5.5Value: 4.0Quality: 7.5
Piotroski: 3/9Altman Z: 6.60

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

LSTRSignificantly Overvalued (-61.4%)

Margin of Safety

-61.4%

Fair Value

$100.87

Current Price

$182.99

$82.12 premium

UndervaluedFair: $100.87Overvalued
ZTOUndervalued (+64.2%)

Margin of Safety

+64.2%

Fair Value

$69.44

Current Price

$23.60

$45.84 discount

UndervaluedFair: $69.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LSTR4 strengths · Avg: 9.0/10
Debt/EquityHealth
0.0310/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
6.6010/10

Safe zone — low bankruptcy risk

Revenue GrowthGrowth
18.1%8/10

18.1% revenue growth

EPS GrowthGrowth
20.1%8/10

Earnings expanding 20.1% YoY

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

Safe zone — low bankruptcy risk

P/E RatioValuation
14.2x8/10

Attractively priced relative to earnings

Price/BookValuation
1.9x8/10

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

LSTR4 concerns · Avg: 2.8/10
Profit MarginProfitability
2.6%3/10

2.6% margin — thin

Operating MarginProfitability
4.6%3/10

Operating margin of 4.6%

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

P/E RatioValuation
45.3x2/10

Premium valuation, high expectations priced in

ZTO0 concerns · Avg: 0/10

No major concerns identified

Comparative Analysis Report

WallStSmart Research

Bull Case : LSTR

The strongest argument for LSTR centers on Debt/Equity, Altman Z-Score, Revenue Growth. Revenue growth of 18.1% demonstrates continued momentum. PEG of 1.26 suggests the stock is reasonably priced for its growth.

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 : LSTR

The primary concerns for LSTR are Profit Margin, Operating Margin, Piotroski F-Score. A P/E of 45.3x leaves little room for execution misses. Thin 2.6% margins leave little buffer for downturns.

Bear Case : ZTO

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

Key Dynamics to Monitor

LSTR carries more volatility with a beta of 0.88 — expect wider price swings.

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 57/100), backed by strong 17.9% margins and 22.0% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

Landstar System Inc

INDUSTRIALS · INTEGRATED FREIGHT & LOGISTICS · USA

Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. The company is headquartered in Jacksonville, Florida.

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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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