China Yuchai International (NYSE:CYD) - Share price, News & Analysis

CYD fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	3/6
Past Performance	1/6
Financial Health	5/6
Dividends	3/6

CYD Stock Overview

Rewards

Trading at 50.4% below our estimate of its fair value

Earnings are forecast to grow 25.14% per year

Risk Analysis

Dividend of 16.22% is not well covered by earnings or forecast to be in the next 3 years

Profit margins (1.3%) are lower than last year (2.7%)

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 Price	US$9.74
52 Week High	US$19.59
52 Week Low	US$8.70
Beta	1.24
1 Month Change	-9.90%
3 Month Change	-27.10%
1 Year Change	-39.01%
3 Year Change	-31.02%
5 Year Change	-42.74%
Change since IPO	-3.80%

Recent News & Updates

May 11

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

	CYD	US Machinery	US Market
7D	-3.6%	-2.4%	-2.5%
1Y	-39.0%	-18.2%	-10.4%

Return vs Industry: CYD underperformed the US Machinery industry which returned -18.2% over the past year.

Return vs Market: CYD underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is CYD's price volatile compared to industry and market?
CYD volatility
CYD Average Weekly Movement	6.4%
Machinery Industry Average Movement	5.6%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	2.8%

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

Founded	Employees	CEO	Website
1951	8,924	n/a	https://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 Cap	CN¥2.70b
Earnings (TTM)	CN¥272.67m
Revenue (TTM)	CN¥21.27b

9.9x

P/E Ratio

0.1x

P/S Ratio

Is CYD overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CYD income statement (TTM)
Revenue	CN¥21.27b
Cost of Revenue	CN¥18.31b
Gross Profit	CN¥2.96b
Other Expenses	CN¥2.69b
Earnings	CN¥272.67m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	6.67
Gross Margin	13.92%
Net Profit Margin	1.28%
Debt/Equity Ratio	19.0%

How did CYD perform over the long term?

See historical performance and comparison

Dividends

16.2%

Current Dividend Yield

166%

Payout Ratio

Valuation

Is China Yuchai International undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CYD ($9.74) is trading below our estimate of fair value ($19.63)

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 (9.9x) compared to the US Machinery industry average (21.5x).

PE vs Market: CYD is good value based on its PE Ratio (9.9x) compared to the US market (15.5x).

Price to Earnings Growth Ratio

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

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 (2.2x).

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 (12.6% per year).

High Growth Earnings: 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%).

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 (29.3%).

Return on Equity

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

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

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

16.22%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CYD's dividend (16.22%) is higher than the bottom 25% of dividend payers in the US market (1.54%).

High Dividend: CYD's dividend (16.22%) is in the top 25% of dividend payers in the US market (4.05%)

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 increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (166.3%), CYD's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

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

Next Steps

Explore strong dividend paying companies in the Capital Goods industry.

Management

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

8.8yrs

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 (8.8 years average tenure).

Board Members

Experienced Board: CYD's board of directors are considered experienced (9.1 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31