NYSE:CYD

Stock Analysis Report

China Yuchai International

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.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-1.0%

NYSE:CYD

-1.5%

US Machinery

-0.7%

US Market


1 Year Return

-28.6%

NYSE:CYD

-7.6%

US Machinery

-0.5%

US Market

CYD underperformed the Machinery industry which returned -7.6% over the past year.

CYD underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

CYDIndustryMarket
7 Day-1.0%-1.5%-0.7%
30 Day-6.2%-8.3%-3.0%
90 Day-4.6%-2.9%0.9%
1 Year-24.5%-28.6%-5.7%-7.6%1.7%-0.5%
3 Year54.0%24.9%35.6%26.7%39.5%30.4%
5 Year-5.7%-33.2%36.2%19.4%54.1%37.0%

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

Valuation

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

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

China Yuchai International is good value based on expected growth next year.


Price Based on Value of Assets

China Yuchai International is good value based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

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

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

China Yuchai International's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).

China Yuchai International's earnings are expected to grow by 14.4% yearly, however this is not considered high growth (20% yearly).

China Yuchai International's revenue growth is positive but not above the United States of America market average.

China Yuchai International's earnings growth is expected to exceed the United States of America market average.

China Yuchai International's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

China Yuchai International is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

6.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 is negative, it can't be compared to the 5-year average.

China Yuchai International's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.


Return on Equity

China Yuchai International has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

China Yuchai International used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.


Return on Capital Employed

China Yuchai International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is China Yuchai International's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

China Yuchai International's level of debt (18.1%) 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 (26.8% vs 18.1% today).

Debt is well covered by operating cash flow (33.3%, greater than 20% of total debt).

China Yuchai International earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

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?

9.72%

Expected Dividend Yield


Dividend Yield and Payments Analysis

China Yuchai International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

China Yuchai International's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

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

Dividends paid are well covered by earnings (2.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

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


Management Age and Tenure

4.6yrs

Average Tenure

The tenure for the China Yuchai International management team is about average.


Board Age and Tenure

7.8yrs

Average Tenure

65yo

Average Age

The tenure for the China Yuchai International board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyCN¥8,386,45203 Dec 18
Hong Leong Investment Holdings Pte. Ltd.
EntityCompany
Shares600,000
Max PriceCN¥14.00

Ownership Breakdown


Management Team

  • Weng Ming Hoh (58yo)

    President & Director

    • Tenure: 7.8yrs
  • Kelvin Lai

    Vice President of Operations

    • Tenure: 9.2yrs
  • Kelly Tay

    Financial Controller

    • Tenure: 0.0yrs
  • Derek Liu

    Assistant Vice President of International Sales

    • Tenure: 0.0yrs
  • Thomas Phung

    Chief Financial Officer

    • Tenure: 3.2yrs
  • Teck Kow Wong

    General Counsel

    • Tenure: 1.3yrs
  • Kevin Theiss

    Head of Investor Relations

    • Tenure: 0.0yrs

Board Members

  • Leng Peck Kwek (63yo)

    Director

    • Tenure: 25.6yrs
  • Khai Choon Gan (73yo)

    Director

    • Tenure: 0.0yrs
  • Weng Ming Hoh (58yo)

    President & Director

    • Tenure: 7.8yrs
  • Raymond Ho

    Independent Director

    • Tenure: 6.3yrs
  • Poh Kiat Neo (68yo)

    Independent Director & Director of Guangxi Yuchai Machinery Company Limited

    • Tenure: 14.3yrs
  • Ping Yan

    Director & Chairman of Guangxi Yuchai Machinery Company Limited

    • Tenure: 13.7yrs
  • Eng Kwee Tan (65yo)

    Director

    • Tenure: 0.5yrs
  • Qiwei Wu

    Alternate Director

    • Tenure: 6.8yrs
  • Yi Han

    Director

    • Tenure: 9.3yrs
  • Tao Xie

    Independent Director

    • Tenure: 0.3yrs

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$563.027m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CYDNYSE (New York Stock Exchange)YesCommon SharesUSUSDDec 1994
CYDDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 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, Yucha ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 23:47
End of Day Share Price2019/08/19 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.