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CYD

China Yuchai International NYSE:CYD Stock Report

Last Price

US$9.02

Market Cap

US$368.5m

7D

-6.3%

1Y

-44.5%

Updated

03 Jul, 2022

Data

Company Financials +
CYD fundamental analysis
Snowflake Score
Valuation6/6
Future Growth3/6
Past Performance1/6
Financial Health5/6
Dividends3/6

CYD Stock Overview

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People’s Republic of China and internationally.

China Yuchai International Competitors

Price History & Performance

Summary of all time highs, changes and price drops for China Yuchai International
Historical stock prices
Current Share PriceUS$9.02
52 Week HighUS$16.41
52 Week LowUS$8.61
Beta1.24
1 Month Change-16.64%
3 Month Change-23.23%
1 Year Change-44.53%
3 Year Change-42.95%
5 Year Change-54.61%
Change since IPO-10.91%

Recent News & Updates

Jun 27
China Yuchai International's (NYSE:CYD) Dividend Is Being Reduced To US$0.40

China Yuchai International's (NYSE:CYD) Dividend Is Being Reduced To US$0.40

China Yuchai International Limited ( NYSE:CYD ) is reducing its dividend to US$0.40 on the 15th of July. However, the...

May 11
At US$9.49, Is It Time To Put China Yuchai International Limited (NYSE:CYD) On Your Watch List?

At US$9.49, Is It Time To Put China Yuchai International Limited (NYSE:CYD) On Your Watch List?

China Yuchai International Limited ( NYSE:CYD ), might not be a large cap stock, but it received a lot of attention...

Shareholder Returns

CYDUS MachineryUS Market
7D-6.3%-2.5%-2.2%
1Y-44.5%-22.5%-21.2%

Return vs Industry: CYD underperformed the US Machinery industry which returned -22.5% over the past year.

Return vs Market: CYD underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is CYD's price volatile compared to industry and market?
CYD volatility
CYD Average Weekly Movement6.2%
Machinery Industry Average Movement6.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: CYD is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: CYD's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19518,924n/ahttps://www.cyilimited.com

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People’s Republic of China and internationally. It operates through two segments, Yuchai and HLGE. The company provides diesel engines comprising 4- and 6-cylinder diesel engines, high horsepower marine diesel engines, and power generator engines, as well as natural gas engines, diesel power generators, diesel engine parts, and remanufacturing services; and generator sets, as well as plug in hybrid engines, range extenders, power generation powertrains, hybrid powertrains, integrated electric drive axel powertrains, and fuel cell systems.

China Yuchai International Fundamentals Summary

How do China Yuchai International's earnings and revenue compare to its market cap?
CYD fundamental statistics
Market CapCN¥2.47b
Earnings (TTM)CN¥272.67m
Revenue (TTM)CN¥21.27b

9.1x

P/E Ratio

0.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CYD income statement (TTM)
RevenueCN¥21.27b
Cost of RevenueCN¥18.31b
Gross ProfitCN¥2.96b
Other ExpensesCN¥2.69b
EarningsCN¥272.67m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.67
Gross Margin13.92%
Net Profit Margin1.28%
Debt/Equity Ratio19.0%

How did CYD perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

38%

Payout Ratio

Does CYD pay a reliable dividends?

See CYD dividend history and benchmarks
When do you need to buy CYD by to receive an upcoming dividend?
China Yuchai International dividend dates
Ex Dividend DateJul 05 2022
Dividend Pay DateJul 15 2022
Days until Ex dividend1 day
Days until Dividend pay date11 days

Does CYD pay a reliable dividends?

See CYD dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

Is CYD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CYD?

Other financial metrics that can be useful for relative valuation.

CYD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.1x
Enterprise Value/EBITDA2.2x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

How does CYD's PE Ratio compare to its peers?

CYD PE Ratio vs Peers
The above table shows the PE ratio for CYD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.4x
MTW Manitowoc Company
21.7x43.0%US$374.0m
XOS Xos
18.4x90.6%US$294.9m
SHYF Shyft Group
12.3x59.2%US$654.5m
MLR Miller Industries
17.4xn/aUS$263.8m
CYD China Yuchai International
9.1x25.1%US$368.5m

Price-To-Earnings vs Peers: CYD is good value based on its Price-To-Earnings Ratio (9.1x) compared to the peer average (17.4x).


Price to Earnings Ratio vs Industry

How does CYD's PE Ratio compare vs other companies in the US Machinery Industry?

Price-To-Earnings vs Industry: CYD is good value based on its Price-To-Earnings Ratio (9.1x) compared to the US Machinery industry average (20.2x)


Price to Earnings Ratio vs Fair Ratio

What is CYD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CYD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.1x
Fair PE Ratio19.6x

Price-To-Earnings vs Fair Ratio: CYD is good value based on its Price-To-Earnings Ratio (9.1x) compared to the estimated Fair Price-To-Earnings Ratio (19.6x).


Share Price vs Fair Value

What is the Fair Price of CYD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CYD ($9.02) is trading below our estimate of fair value ($15.05)

Significantly Below Fair Value: CYD is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: CYD is good value based on its PEG Ratio (0.4x)


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Future Growth

How is China Yuchai International forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYD's forecast earnings growth (25.1% per year) is above the savings rate (1.9%).

Earnings vs Market: CYD's earnings (25.1% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: CYD's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CYD's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: CYD's revenue is forecast to decline over the next 3 years (-0.9% 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 (6.1%).


Discover growth companies

Past Performance

How has China Yuchai International performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-11.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CYD has high quality earnings.

Growing Profit Margin: CYD's current net profit margins (1.3%) are lower than last year (2.7%).


Past Earnings Growth Analysis

Earnings Trend: CYD's earnings have declined by 11.4% 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 (-50.3%) over the past year, making it difficult to compare to the Machinery industry average (23.3%).


Return on Equity

High ROE: CYD's Return on Equity (3.5%) is considered low.


Discover strong past performing companies

Financial Health

How is China Yuchai International's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CYD's short term assets (CN¥18.0B) exceed its short term liabilities (CN¥12.6B).

Long Term Liabilities: CYD's short term assets (CN¥18.0B) exceed its long term liabilities (CN¥848.5M).


Debt to Equity History and Analysis

Debt Level: CYD has more cash than its total debt.

Reducing Debt: CYD's debt to equity ratio has increased from 9.1% to 19% over the past 5 years.

Debt Coverage: CYD's debt is well covered by operating cash flow (22.9%).

Interest Coverage: CYD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is China Yuchai International current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.43%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CYD's dividend (4.43%) is higher than the bottom 25% of dividend payers in the US market (1.6%).

High Dividend: CYD's dividend (4.43%) is in the top 25% of dividend payers in the US market (4.25%)


Stability and Growth of Payments

Stable Dividend: CYD's dividend payments have been volatile in the past 10 years.

Growing Dividend: CYD's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (38.1%), CYD's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: CYD is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.0yrs

Average management tenure


CEO

China Yuchai International has no CEO, or we have no data on them.


Leadership Team

Experienced Management: CYD's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: CYD's board of directors are considered experienced (9.3 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 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
  • Implied Market Cap: US$368.542m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.