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Express delivery company founded in Indonesia that has expanded into China and across Southeast Asia and Latin America.
Express delivery company founded in Indonesia that has expanded into China and across Southeast Asia and Latin America.
Is paid per parcel by e-commerce platforms and merchants, so earnings follow parcel volumes and the price per parcel. It started in Indonesia in 2015, entered China in 2020 and bought Best Inc.'s China express business in 2021, which made China its largest market by parcel volume.
In one line: An emerging-market challenger courier, like a Southeast Asia/LatAm FedEx-Ninja Van hybrid.
Moat: narrow (scale, network effects). Rapid multi-country network buildout gives density, though it competes hard on price with local incumbents.
Headquarters: Jakarta, Indonesia / Shenzhen, China · Founded: 2015 · Employees: 217,241
Size J&T Global Express (1519.HK) is a Hong Kong Industrials company (Air Freight/Couriers) with a market value of $11.9B, the 144th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$9.71 on 6 Nov 2026.
Performance Over six months the shares fell 1.7%, against -6.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 31.9% over the last twelve months (peer median +10.8%); the operating margin is 5.9% (peer median 4.9%).
Valuation It trades at 18.6× forward earnings against a peer median of 15.2× (4th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about -4% a year for seven years (Req g). Recent delivered growth is +51%, so the hurdle is -55 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.3 points above its cost of capital (5.6% WACC).
Next results Next results expected around 19 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$112B | HK$94.8B | HK$80.1B | HK$69.3B | HK$56.9B |
| Revenue growth | — | +18% | +16% | +22% | — |
| Gross profit | HK$14.8B | HK$11.1B | HK$8.07B | HK$3.32B | -HK$2.37B |
| EBITDA | HK$10.8B | HK$7.63B | HK$5.24B | -HK$9.82B | -HK$7.08B |
| Net income | HK$2.83B | HK$1.55B | HK$785M | -HK$8.62B | HK$13.0B |
| Free cash flow | HK$4.17B | HK$3.90B | HK$1.31B | -HK$1.90B | -HK$9.22B |
| Capital expenditure | HK$6.17B | HK$4.63B | HK$4.33B | HK$3.72B | HK$4.55B |
| Total debt | n/a | HK$26.5B | HK$16.0B | HK$14.1B | HK$12.4B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| J&T Global Express 1519.HK | $11.9B | -2% | +32% | 6% | 18.6× | -3.8% |
| Zto Express-w 2057.HK | $15.6B | -19% | +21% | 20% | 10.2× | -1.6% |
| S.F 6936.HK | $23.9B | -12% | +11% | 5% | 12.5× | -11.4% |
| Yunda 002120.SZ | $2.74B | -20% | +7% | 4% | 9.7× | -13.2% |
| YTO Express 600233.SS | $9.63B | -13% | +8% | 9% | 10.3× | -12.2% |
| STO Express 002468.SZ | $3.40B | -8% | +26% | 5% | 10.2× | -12.5% |
| Jd Logistics 2618.HK | $9.10B | -29% | +29% | 3% | 6.9× | -0.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1519.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +7.5% | +5.2% | 8th highest of 21 |
| 6-month return | -1.7% | -6.9% | 10th highest of 20 |
| Distance from 52-week high | -20.4% | -16.7% | 8th lowest of 21 |
| Revenue growth (TTM) | +31.9% | +10.8% | 2nd highest of 21 |
| Operating margin | 5.9% | 4.9% | 9th highest of 21 |
| Forward P/E | 18.6× | 15.2× | 4th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | -0.4% | 6th least demanding of 18 |
| Growth delivered (Del g) | +51.4% | +8.5% | highest of 18 |
| Hurdle (Req g minus delivered) | -55.2 pp | -7.2 pp | least demanding of 18 |
| ROIC minus cost of capital | +8.3 pp | +4.3 pp | 7th highest of 21 |
| EV / EBITDA | 9.4× | 9.4× | 6th cheapest of 11 |
| Net debt / EBITDA | 0.9× | 1.9× | 6th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| J&T Global Express 1519.HK | Hong Kong | $11.9B | -2% | +32% | 6% | 18.6× | -3.8% | +51.4% |
| Delivery Hero DHER.DE | Germany | $12.9B | +31% | +11% | 0% | n/a | n/a | n/a |
| Delivery Hero SE TEMP DHE1.DE | Germany | $12.9B | n/a | +11% | 0% | n/a | n/a | n/a |
| Hyundaiglovis 086280.KS | South Korea | $10.9B | -13% | +12% | 6% | 8.7× | -10.8% | +12.3% |
| Grab GRAB | United States | $13.9B | -8% | +23% | 11% | 23.3× | 17.8% | +48.4% |
| Ryder System R | United States | $10.2B | +11% | +3% | 8% | 15.2× | 7.9% | +8.5% |
| C.H. Robinson CHRW | United States | $14.5B | -27% | +10% | 5% | 17.2× | 9.2% | 0.0% |
| YTO Express 600233.SS | China | $9.63B | -13% | +8% | 9% | 10.3× | -12.2% | +16.6% |
| Zto Express-w 2057.HK | Hong Kong | $15.6B | -19% | +21% | 20% | 10.2× | -1.6% | +13.5% |
| Jd Logistics 2618.HK | Hong Kong | $9.10B | -29% | +29% | 3% | 6.9× | -0.4% | +23.4% |
| Nippon Express Hldgs 9147.T | Japan | $8.22B | +35% | +2% | 3% | 17.6× | 7.9% | +4.4% |
| Yunnan Yuntianhua 600096.SS | China | $7.17B | -28% | -19% | 11% | 9.3× | -1.7% | -1.5% |
| Brambles BXB.AX | Australia | $20.4B | +2% | +1% | 17% | 20.8× | 8.9% | +8.3% |
| Sinotrans 601598.SS | China | $6.74B | +18% | -1% | 0% | 14.8× | 4.3% | +2.7% |
| GXO Logistics GXO | United States | $6.33B | +7% | +7% | 3% | 16.0× | 20.2% | +16.3% |
| S.F 002352.SZ | China | $23.9B | -7% | +6% | 5% | 15.9× | -12.9% | +14.9% |
| S.F 6936.HK | Hong Kong | $23.9B | -12% | +11% | 5% | 12.5× | -11.4% | +14.1% |
| Expeditors International EXPD | United States | $24.0B | +18% | +19% | 10% | 21.1× | 8.9% | +2.9% |
| Swiggy SWIGGY.NS | India | $5.61B | -32% | +42% | -15% | n/a | n/a | n/a |
| SG Holdings Co., Ltd. 9143.T | Japan | $5.56B | +1% | +14% | 5% | 14.0× | -2.6% | +4.6% |
| Logista Integral LOG.MC | Spain | $5.42B | +15% | +4% | 2% | 15.8× | -5.9% | +5.4% |