China Yuchai International
Market Cap
US$384.5m
Last Updated
2020/04/04 00:36 UTC
Data Sources
Company Financials +
Executive Summary
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People’s Republic of China and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Very undervalued with flawless balance sheet and pays a dividend.
Share Price & News
How has China Yuchai International's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CYD's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.0%
CYD
-0.3%
US Machinery
-2.0%
US Market
1 Year Return
-44.7%
CYD
-25.9%
US Machinery
-15.1%
US Market
Return vs Industry: CYD underperformed the US Machinery industry which returned -25.9% over the past year.
Return vs Market: CYD underperformed the US Market which returned -15.1% over the past year.
Shareholder returns
| CYD | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | -0.3% | -2.0% |
| 30 Day | -21.5% | -22.2% | -19.7% |
| 90 Day | -32.4% | -31.6% | -23.2% |
| 1 Year | -41.5%-44.7% | -23.8%-25.9% | -13.4%-15.1% |
| 3 Year | -37.6%-49.4% | -3.3%-10.4% | 10.9%3.7% |
| 5 Year | -34.7%-53.8% | 18.2%3.2% | 28.4%14.4% |
Price Volatility Vs. Market
How volatile is China Yuchai International's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Earnings Miss: China Yuchai International Limited Missed EPS By 28% And Analysts Are Revising Their Forecasts2 weeks ago | Simply Wall St
Why China Yuchai International Limited (NYSE:CYD) Could Be Worth Watching1 month ago | Simply Wall St
Is China Yuchai International Limited (NYSE:CYD) Trading At A 22% Discount?Valuation
Is China Yuchai International undervalued compared to its fair value and its price relative to the market?
21.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CYD ($9.41) is trading below our estimate of fair value ($11.92)
Significantly Below Fair Value: CYD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CYD is good value based on its PE Ratio (4.5x) compared to the Machinery industry average (14.7x).
PE vs Market: CYD is good value based on its PE Ratio (4.5x) compared to the US market (12.4x).
Price to Earnings Growth Ratio
PEG Ratio: CYD is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: CYD is good value based on its PB Ratio (0.3x) compared to the US Machinery industry average (1.5x).
Next Steps
Future Growth
How is China Yuchai International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
25.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CYD's forecast earnings growth (25.7% per year) is above the savings rate (1.7%).
Earnings vs Market: CYD's earnings (25.7% per year) are forecast to grow faster than the US market (13.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CYD's revenue (1.6% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: CYD's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CYD's Return on Equity is forecast to be low in 3 years time (12%).
Next Steps
Past Performance
How has China Yuchai International performed over the past 5 years?
7.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CYD has high quality earnings.
Growing Profit Margin: CYD's current net profit margins (3.4%) are lower than last year (4.3%).
Past Earnings Growth Analysis
Earnings Trend: CYD's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: CYD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CYD had negative earnings growth (-13%) over the past year, making it difficult to compare to the Machinery industry average (-2%).
Return on Equity
High ROE: CYD's Return on Equity (7.7%) is considered low.
Next Steps
Financial Health
How is China Yuchai International's financial position?
Financial Position Analysis
Short Term Liabilities: CYD's short term assets (CN¥16.4B) exceed its short term liabilities (CN¥9.6B).
Long Term Liabilities: CYD's short term assets (CN¥16.4B) exceed its long term liabilities (CN¥951.2M).
Debt to Equity History and Analysis
Debt Level: CYD's debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: CYD's debt to equity ratio has reduced from 26.8% to 18.1% over the past 5 years.
Debt Coverage: CYD's debt is well covered by operating cash flow (33.3%).
Interest Coverage: CYD's interest payments on its debt are well covered by EBIT (8.7x coverage).
Balance Sheet
Inventory Level: CYD has a high level of physical assets or inventory.
Debt Coverage by Assets: CYD's debt is covered by short term assets (assets are 8.1x debt).
Next Steps
Dividend
What is China Yuchai International's current dividend yield, its reliability and sustainability?
8.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: CYD's dividend (8.73%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: CYD's dividend (8.73%) is in the top 25% of dividend payers in the US market (5.71%)
Stability and Growth of Payments
Stable Dividend: CYD's dividends per share have been stable in the past 10 years.
Growing Dividend: CYD's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.5%), CYD's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CYD's dividends in 3 years are forecast to be well covered by earnings (23% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
China Yuchai International has no CEO, or we have no data on them.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 8.42yrs | no data | no data | |
| Vice President of Operations | 9.83yrs | no data | no data | |
| Financial Controller | no data | no data | no data | |
| Chief Financial Officer | 3.83yrs | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| General Counsel | 1.92yrs | no data | no data | |
| Assistant Vice President of International Sales | no data | no data | no data |
5.3yrs
Average Tenure
Experienced Management: CYD's management team is seasoned and experienced (5.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President & Director | 8.42yrs | no data | no data | |
| Director | 26.25yrs | no data | no data | |
| Director | 25.25yrs | no data | no data | |
| Independent Director | 7yrs | no data | no data | |
| Independent Director & Director of Guangxi Yuchai Machinery Company Limited | 14.92yrs | no data | no data | |
| Director & Chairman of Guangxi Yuchai Machinery Company Limited | 14.33yrs | no data | no data | |
| Director | 1.17yrs | no data | no data | |
| Alternate Director | 7.42yrs | no data | no data | |
| Director | 9.92yrs | no data | no data | |
| Independent Director | 1yr | no data | no data |
9.2yrs
Average Tenure
65yo
Average Age
Experienced Board: CYD's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
China Yuchai International Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: China Yuchai International Limited
- Ticker: CYD
- Exchange: NYSE
- Founded: 1951
- Industry: Construction Machinery and Heavy Trucks
- Sector: Capital Goods
- Market Cap: US$384.477m
- Shares outstanding: 40.86m
- Website: https://www.cyilimited.com
Number of Employees
Location
- China Yuchai International Limited
- Hong Leong Building
- 16 Raffles Quay No. 39-01A
- Singapore
- 48581
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CYD | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Dec 1994 |
| CYD | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Dec 1994 |
Biography
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People’s Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets. It also manufactures diesel engines for construction and agriculture applications, as well as supplies after-market parts and services. In addition, it engages in hospitality and property development activities. Further, the company designs, produces, and sells exhaust emission control systems for commercial vehicles. China Yuchai International Limited distributes its engines directly to auto original equipment manufacturers and retailers, as well as provides maintenance and retrofitting services. The company was founded in 1951 and is based in Singapore.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 00:36 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.