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China Yuchai International

NYSE:CYD
Snowflake Description

Very undervalued with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CYD
NYSE
$667M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People’s Republic of China and internationally. The last earnings update was 105 days ago. More info.


Add to Portfolio Compare Print
  • China Yuchai International has significant price volatility in the past 3 months.
CYD Share Price and Events
7 Day Returns
3.6%
NYSE:CYD
2.6%
US Machinery
1.4%
US Market
1 Year Returns
-31.5%
NYSE:CYD
-6.7%
US Machinery
2.3%
US Market
CYD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Yuchai International (CYD) 3.6% 10.7% 16.6% -31.5% 73.2% -24.2%
US Machinery 2.6% 7.9% 8.4% -6.7% 64.7% 27.9%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • CYD underperformed the Machinery industry which returned -6.7% over the past year.
  • CYD underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
CYD
Industry
5yr Volatility vs Market

CYD Value

 Is China Yuchai International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of China Yuchai International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for China Yuchai International.

NYSE:CYD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CYD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Machinery Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 17%) (36.27%))
1.387
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.387 * 7.27%)
12.81%

Discounted Cash Flow Calculation for NYSE:CYD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for China Yuchai International is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CYD DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (CNY, Millions) 1,380.00 896.00 888.73 881.51 874.35
Source Analyst x1 Analyst x1 Est @ -0.81% Est @ -0.81% Est @ -0.81%
Present Value
Discounted (@ 12.81%)
1,223.29 704.06 619.04 544.29 478.56
Present value of next 5 years cash flows CN¥3,569.23
NYSE:CYD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= CN¥874.35 × (1 + 2.73%) ÷ (12.81% – 2.73%)
CN¥8,910.41
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= CN¥8,910.41 ÷ (1 + 12.81%)5
CN¥4,876.95
NYSE:CYD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= CN¥3,569.23 + CN¥4,876.95
CN¥8,446.18
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥8,446.18 / 40.86
CN¥206.72
NYSE:CYD Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NYSE:CYD)
0.149
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥206.72 x 0.149
$30.76
Value per share (USD) From above. $30.76
Current discount Discount to share price of $16.30
= -1 x ($16.30 - $30.76) / $30.76
47%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price China Yuchai International is available for.
Intrinsic value
47%
Share price is $16.3 vs Future cash flow value of $30.76
Current Discount Checks
For China Yuchai International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • China Yuchai International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • China Yuchai International's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for China Yuchai International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Yuchai International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CYD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CNY CN¥22.45
NYSE:CYD Share Price ** NYSE (2019-02-21) in USD $16.3
NYSE:CYD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.72 CN¥109.53
United States of America Machinery Industry PE Ratio Median Figure of 103 Publicly-Listed Machinery Companies 20.72x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of China Yuchai International.

NYSE:CYD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CYD Share Price ÷ EPS (both in CNY)

= 109.53 ÷ 22.45

4.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Yuchai International is good value based on earnings compared to the US Machinery industry average.
  • China Yuchai International is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does China Yuchai International's expected growth come at a high price?
Raw Data
NYSE:CYD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
17.8%per year
United States of America Machinery Industry PEG Ratio Median Figure of 85 Publicly-Listed Machinery Companies 1.4x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

NYSE:CYD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.88x ÷ 17.8%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Yuchai International is good value based on expected growth next year.
Price based on value of assets
What value do investors place on China Yuchai International's assets?
Raw Data
NYSE:CYD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CNY CN¥204.30
NYSE:CYD Share Price * NYSE (2019-02-21) in USD $16.3
NYSE:CYD Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.72 CN¥109.53
United States of America Machinery Industry PB Ratio Median Figure of 128 Publicly-Listed Machinery Companies 2.48x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NYSE:CYD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CYD Share Price ÷ Book Value per Share (both in CNY)

= 109.53 ÷ 204.30

0.54x

* Primary Listing of China Yuchai International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • China Yuchai International is good value based on assets compared to the US Machinery industry average.
X
Value checks
We assess China Yuchai International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. China Yuchai International has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CYD Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Yuchai International expected to grow at an attractive rate?
  • China Yuchai International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • China Yuchai International's earnings growth is expected to exceed the United States of America market average.
  • China Yuchai International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CYD Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CYD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 17.8%
NYSE:CYD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 8.4%
United States of America Machinery Industry Earnings Growth Rate Market Cap Weighted Average 10.6%
United States of America Machinery Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CYD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CYD Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 18,366 1,119 1,060 2
2019-12-31 17,256 1,602 917 3
2018-12-31 15,426 1,141 615 2
NYSE:CYD Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-09-30 15,542 917
2018-06-30 16,139 947
2018-03-31 16,007 948
2017-12-31 16,222 1,370 954
2017-09-30 16,147 766
2017-06-30 15,247 685
2017-03-31 14,837 675
2016-12-31 13,665 2,276 516
2016-09-30 12,855 349
2016-06-30 12,975 272
2016-03-31 13,434 325
2015-12-31 13,733 1,687 341

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • China Yuchai International's earnings are expected to grow by 17.8% yearly, however this is not considered high growth (20% yearly).
  • China Yuchai International's revenue is expected to grow by 8.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CYD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from China Yuchai International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CYD Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 25.99 32.51 19.46 2.00
2019-12-31 22.47 31.96 17.69 3.00
2018-12-31 15.06 15.60 14.53 2.00
NYSE:CYD Past Financials Data
Date (Data in CNY Millions) EPS *
2018-09-30 22.45
2018-06-30 23.18
2018-03-31 23.24
2017-12-31 23.40
2017-09-30 18.81
2017-06-30 16.83
2017-03-31 16.58
2016-12-31 12.89
2016-09-30 8.79
2016-06-30
2016-03-31
2015-12-31 8.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • China Yuchai International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess China Yuchai International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
China Yuchai International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CYD Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare China Yuchai International's growth in the last year to its industry (Machinery).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • China Yuchai International's year on year earnings growth rate has been positive over the past 5 years.
  • China Yuchai International's 1-year earnings growth exceeds its 5-year average (19.7% vs 5.9%)
  • China Yuchai International's earnings growth has not exceeded the US Machinery industry average in the past year (19.7% vs 27.1%).
Earnings and Revenue History
China Yuchai International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from China Yuchai International Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CYD Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 15,542.05 917.16 1,632.38 570.98
2018-06-30 16,138.82 946.52 1,644.16 646.94
2018-03-31 16,006.90 948.26 1,687.19 603.51
2017-12-31 16,222.44 953.92 1,668.12 608.18
2017-09-30 16,147.33 766.28 1,587.19 564.54
2017-06-30 15,246.91 685.20 1,559.05 586.41
2017-03-31 14,837.31 675.06 1,488.16 612.97
2016-12-31 13,664.84 515.74 1,491.50 588.01
2016-09-30 12,855.43 348.71 1,415.29 523.14
2016-06-30 12,974.73 272.25 1,450.57 494.02
2016-03-31 13,433.60 324.94 1,480.72 493.27
2015-12-31 13,733.44 341.11 1,462.69 506.96
2015-09-30 14,727.88 523.27 1,464.72 517.03
2015-06-30 15,474.99 666.71 1,501.54 519.65
2015-03-31 15,565.38 655.67 1,506.95 502.98
2014-12-31 16,436.14 730.28 1,538.67 494.59
2014-09-30 16,705.34 743.23 1,561.74 508.31
2014-06-30 16,654.38 705.96 1,573.91 484.98
2014-03-31 16,649.56 706.88 1,592.14 478.67
2013-12-31 15,902.36 700.42 1,550.23 468.61
2013-09-30 15,102.26 667.51 1,617.79 425.07
2013-06-30 14,436.73 672.11 1,524.86 407.31
2013-03-31 13,611.19 572.95 1,463.12 386.70
2012-12-31 13,449.49 567.33 1,475.04 373.73
2012-09-30 13,931.72 714.94 1,470.01 355.73
2012-06-30 14,303.15 667.94 1,531.58 345.33
2012-03-31 14,894.06 755.95 1,571.45 332.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • China Yuchai International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • China Yuchai International used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.
  • China Yuchai International has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess China Yuchai International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
China Yuchai International has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CYD Health

 How is China Yuchai International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up China Yuchai International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Yuchai International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • China Yuchai International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Yuchai International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from China Yuchai International Company Filings, last reported 4 months ago.

NYSE:CYD Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30
2018-06-30
2018-03-31 10,979.28 1,626.42 5,929.11
2017-12-31 10,979.28 1,626.42 5,929.11
2017-09-30
2017-06-30
2017-03-31 9,985.81 910.51 4,029.14
2016-12-31 9,985.81 910.51 4,029.14
2016-09-30
2016-06-30
2016-03-31 9,430.07 2,455.82 3,493.54
2015-12-31 9,430.07 2,455.82 3,493.54
2015-09-30
2015-06-30
2015-03-31 9,151.81 2,286.94 2,507.64
2014-12-31 9,151.81 2,286.94 2,507.64
2014-09-30
2014-06-30
2014-03-31 8,434.17 2,259.43 2,735.17
2013-12-31 8,434.17 2,259.43 2,735.17
2013-09-30
2013-06-30
2013-03-31 7,771.87 2,450.70 3,205.76
2012-12-31 7,771.87 2,450.70 3,176.36
2012-09-30
2012-06-30
2012-03-31 7,350.16 3,697.56 4,165.30
  • China Yuchai International's level of debt (14.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (31.5% vs 14.8% today).
  • Debt is well covered by operating cash flow (84.2%, greater than 20% of total debt).
  • China Yuchai International earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess China Yuchai International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. China Yuchai International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CYD Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.31%
Current annual income from China Yuchai International dividends. Estimated to be 9.67% next year.
If you bought $2,000 of China Yuchai International shares you are expected to receive $86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • China Yuchai International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
  • China Yuchai International's dividend is above the markets top 25% of dividend payers in United States of America (3.54%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CYD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Machinery Industry Average Dividend Yield Market Cap Weighted Average of 78 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CYD Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 11.43 2.00
2019-12-31 10.02 3.00
2018-12-31 7.96 2.00
NYSE:CYD Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-06-19 4.724 4.464
2017-05-24 5.639 4.168
2016-05-12 5.538 6.646
2015-05-22 6.817 9.154
2014-05-12 7.944 6.664
2013-11-11 1.208 0.931
2013-08-05 1.213 0.898
2013-06-17 4.904 4.615
2012-08-10 0.900 0.964
2012-06-15 5.716 6.865
2011-05-11 3.139 3.174
2010-04-30 1.707 1.166
2010-03-05 1.706 1.433
2010-02-25 1.707 1.636
2009-11-10 0.683 0.656
2009-09-24 0.682 0.982
2009-07-15 0.683 1.118
2009-02-23 0.730 1.828

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of China Yuchai International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess China Yuchai International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can China Yuchai International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Yuchai International has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CYD Management

 What is the CEO of China Yuchai International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • China Yuchai International has no CEO, or we have no data on them.
Management Team Tenure

Average tenure of the China Yuchai International management team in years:

4.1
Average Tenure
  • The tenure for the China Yuchai International management team is about average.
Management Team

Weng Ming Hoh

TITLE
President & Director
AGE
57
TENURE
5.6 yrs

Kelvin Lai

TITLE
Vice President of Operations
TENURE
8.7 yrs

Kelly Tay

TITLE
Financial Controller

Thomas Phung

TITLE
Chief Financial Officer
TENURE
2.7 yrs

Teck Kow Wong

TITLE
General Counsel
TENURE
0.8 yrs

Derek Liu

TITLE
Assistant Vice President of International Sales
Board of Directors Tenure

Average tenure and age of the China Yuchai International board of directors in years:

13.2
Average Tenure
64.5
Average Age
  • The average tenure for the China Yuchai International board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ping Yan

TITLE
Director & Chairman of Guangxi Yuchai Machinery Company Limited
TENURE
13.2 yrs

Weng Ming Hoh

TITLE
President & Director
AGE
57
TENURE
7.3 yrs

Leng Peck Kwek

TITLE
Director
AGE
62
TENURE
25.1 yrs

Aik-Leang Tan

TITLE
Director
TENURE
13.8 yrs

Khai Choon Gan

TITLE
Director
AGE
72
TENURE
24.1 yrs

Raymond Ho

TITLE
Independent Director
TENURE
5.8 yrs

Poh Neo

TITLE
Independent Director & Director of Guangxi Yuchai Machinery Company Limited
AGE
67
TENURE
13.8 yrs

Yi Han

TITLE
Director
TENURE
8.8 yrs

Qiwei Wu

TITLE
Alternate Director
TENURE
6.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Dec 18 Buy Hong Leong Investment Holdings Pte. Ltd. Company 19. Nov 18 29. Nov 18 600,000 $14.00 $8,386,452
24. May 18 Buy Shah Capital Management, Inc Company 30. Apr 18 23. May 18 38,200 $20.65 $765,893
X
Management checks
We assess China Yuchai International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. China Yuchai International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CYD News

Simply Wall St News

Is China Yuchai International Limited (NYSE:CYD) Spending Too Much Money?

China Yuchai International Limited (NYSE:CYD) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … Today we will examine China Yuchai International’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … China Yuchai International’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure

Simply Wall St -

Is China Yuchai International Limited (NYSE:CYD) Creating Value For Shareholders?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Investors Are Undervaluing China Yuchai International Limited (NYSE:CYD) By 48.88%

How far off is China Yuchai International Limited (NYSE:CYD) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … If you are reading this and its not January 2019 then I highly recommend you check out the latest calculation for China Yuchai International by following the link below

Simply Wall St -

One Thing To Remember About The China Yuchai International Limited (NYSE:CYD) Share Price

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Why China Yuchai International Limited (NYSE:CYD) Is A Dividend Rockstar

China Yuchai International Limited (NYSE:CYD) has pleased shareholders over the past 10 years, by paying out dividends. … The company currently pays out a dividend yield of 4.9% to shareholders, making it a relatively attractive dividend stock. … Does China Yuchai International tick all the boxes of a great dividend stock?

Simply Wall St -

Is There Now An Opportunity In China Yuchai International Limited (NYSE:CYD)?

China Yuchai International Limited (NYSE:CYD), which is in the machinery business, and is based in Singapore,. … A question to answer is whether China Yuchai International's current trading price of $14.89 reflective of the actual value of the? … Let’s take a look at China Yuchai International’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Does China Yuchai International Limited's (NYSE:CYD) Stock Price Account For Its Growth?

China Yuchai International Limited (NYSE:CYD) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of $15.41 is based on unrealistic expectations. … See our latest analysis for China Yuchai International? … Investors in China Yuchai International have been patiently waiting for the uptick in earnings.

Simply Wall St -

Why China Yuchai International Limited (NYSE:CYD) Is An Attractive Investment To Consider

China Yuchai International Limited (NYSE:CYD) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Did China Yuchai International Limited's (NYSE:CYD) Recent Earnings Growth Beat The Trend?

Today I will assess CYD's recent performance announced on 30 June 2018 and evaluate these figures to its long-term trend and industry movements. … Did CYD's recent earnings growth beat the long-term trend and the industry. … CYD's trailing twelve-month earnings (from 30 June 2018) of CN¥947m has.

Simply Wall St -

What You Must Know About China Yuchai International Limited's (NYSE:CYD) Market Risks

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

CYD Company Info

Map
Description

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.

Details
Name: China Yuchai International Limited
CYD
Exchange: NYSE
Founded: 1951
$667,215,875
40,858,290
Website: http://www.cyilimited.com
Address: China Yuchai International Limited
Hong Leong Building,
16 Raffles Quay No. 39-01A,
Singapore,
048581,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CYD Common Shares New York Stock Exchange US USD 16. Dec 1994
DB CYD Common Shares Deutsche Boerse AG DE EUR 16. Dec 1994
Number of employees
Current staff
Staff numbers
8,678
China Yuchai International employees.
Industry
Construction Machinery and Heavy Trucks
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 23:50
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2018/12/08
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.