CHINA YUCHAI INTL LTD (CYD) Stock Fundamental Analysis
NYSE:CYD - New York Stock Exchange, Inc. - BMG210821051 - Common Stock - Currency: USD
CYD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 128 industry peers in the Machinery industry. CYD has a bad profitability rating. Also its financial health evaluation is rather negative. CYD has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CYD had positive earnings in the past year.
CYD had a positive operating cash flow in the past year.
In the past 5 years CYD has always been profitable.
CYD had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of 1.19%, CYD is not doing good in the industry: 64.84% of the companies in the same industry are doing better.
CYD's Return On Equity of 3.52% is on the low side compared to the rest of the industry. CYD is outperformed by 60.94% of its industry peers.
CYD has a Return On Invested Capital of 3.31%. This is in the lower half of the industry: CYD underperforms 64.84% of its industry peers.
CYD had an Average Return On Invested Capital over the past 3 years of 3.11%. This is significantly below the industry average of 10.71%.
The 3 year average ROIC (3.11%) for CYD is below the current ROIC(3.31%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.52% | ||
| ROIC | 3.31% |
ROA(3y)1.07%
ROA(5y)1.28%
ROE(3y)3.02%
ROE(5y)3.64%
ROIC(3y)3.11%
ROIC(5y)3.67%
1.3 Margins
The Profit Margin of CYD (1.69%) is worse than 61.72% of its industry peers.
In the last couple of years the Profit Margin of CYD has declined.
CYD has a Operating Margin of 3.12%. This is in the lower half of the industry: CYD underperforms 66.41% of its industry peers.
CYD's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 14.73%, CYD is not doing good in the industry: 80.47% of the companies in the same industry are doing better.
CYD's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.12% | ||
| PM (TTM) | 1.69% | ||
| GM | 14.73% |
OM growth 3Y9.06%
OM growth 5Y-9.85%
PM growth 3Y9.6%
PM growth 5Y-12.85%
GM growth 3Y2%
GM growth 5Y-3.09%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CYD is destroying value.
CYD has about the same amout of shares outstanding than it did 1 year ago.
CYD has about the same amout of shares outstanding than it did 5 years ago.
CYD has a better debt/assets ratio than last year.
2.2 Solvency
CYD has an Altman-Z score of 1.68. This is a bad value and indicates that CYD is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.68, CYD is doing worse than 72.66% of the companies in the same industry.
CYD has a debt to FCF ratio of 6.14. This is a slightly negative value and a sign of low solvency as CYD would need 6.14 years to pay back of all of its debts.
CYD's Debt to FCF ratio of 6.14 is in line compared to the rest of the industry. CYD outperforms 49.22% of its industry peers.
A Debt/Equity ratio of 0.07 indicates that CYD is not too dependend on debt financing.
The Debt to Equity ratio of CYD (0.07) is better than 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 6.14 | ||
| Altman-Z | 1.68 |
ROIC/WACC0.57
WACC5.83%
2.3 Liquidity
CYD has a Current Ratio of 1.55. This is a normal value and indicates that CYD is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.55, CYD is doing worse than 73.44% of the companies in the same industry.
A Quick Ratio of 1.20 indicates that CYD should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.20, CYD is in line with its industry, outperforming 46.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
CYD shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.52%, which is quite good.
Measured over the past years, CYD shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.91% on average per year.
Looking at the last year, CYD shows a small growth in Revenue. The Revenue has grown by 6.02% in the last year.
CYD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.21% yearly.
EPS 1Y (TTM)15.52%
EPS 3Y7.45%
EPS 5Y-10.91%
EPS Q2Q%-16.41%
Revenue 1Y (TTM)6.02%
Revenue growth 3Y-3.46%
Revenue growth 5Y1.21%
Sales Q2Q%-0.54%
3.2 Future
The Earnings Per Share is expected to grow by 3.04% on average over the next years.
Based on estimates for the next years, CYD will show a small growth in Revenue. The Revenue will grow by 5.99% on average per year.
EPS Next Y16.44%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.03%
Revenue Next 2Y5.99%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
CYD is valuated rather expensively with a Price/Earnings ratio of 21.75.
61.72% of the companies in the same industry are more expensive than CYD, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 27.30, CYD is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.27 indicates a correct valuation of CYD.
71.09% of the companies in the same industry are more expensive than CYD, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of CYD to the average of the S&P500 Index (21.76), we can say CYD is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.75 | ||
| Fwd PE | 15.27 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CYD is valued cheaply inside the industry as 83.59% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, CYD is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.65 | ||
| EV/EBITDA | 8.23 |
4.3 Compensation for Growth
CYD's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.32
PEG (5Y)N/A
EPS Next 2Y3.04%
EPS Next 3YN/A
5. Dividend
5.1 Amount
CYD has a Yearly Dividend Yield of 3.71%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.81, CYD pays a better dividend. On top of this CYD pays more dividend than 93.75% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.37, CYD pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
5.2 History
The dividend of CYD decreases each year by -15.64%.
CYD has paid a dividend for at least 10 years, which is a reliable track record.
CYD has decreased its dividend recently.
Dividend Growth(5Y)-15.64%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
CYD pays out 31.58% of its income as dividend. This is a sustainable payout ratio.
DP31.58%
EPS Next 2Y3.04%
EPS Next 3YN/A
24.36
+0.05 (+0.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners15.56%
Inst Owner Change0%
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap913.99M
Analysts45
Price Target17.95 (-26.31%)
Short Float %2.06%
Short Ratio1.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.71% |
Yearly Dividend0.35
Dividend Growth(5Y)-15.64%
DP31.58%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.75 | ||
| Fwd PE | 15.27 | ||
| P/S | 0.34 | ||
| P/FCF | 15.65 | ||
| P/OCF | 8.42 | ||
| P/B | 0.72 | ||
| P/tB | 0.91 | ||
| EV/EBITDA | 8.23 |
EPS(TTM)1.12
EY4.6%
EPS(NY)1.6
Fwd EY6.55%
FCF(TTM)1.56
FCFY6.39%
OCF(TTM)2.89
OCFY11.88%
SpS71.08
BVpS34.05
TBVpS26.9
PEG (NY)1.32
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.19% | ||
| ROE | 3.52% | ||
| ROCE | 4.32% | ||
| ROIC | 3.31% | ||
| ROICexc | 3.31% | ||
| ROICexgc | 3.85% | ||
| OM | 3.12% | ||
| PM (TTM) | 1.69% | ||
| GM | 14.73% | ||
| FCFM | 2.19% |
ROA(3y)1.07%
ROA(5y)1.28%
ROE(3y)3.02%
ROE(5y)3.64%
ROIC(3y)3.11%
ROIC(5y)3.67%
ROICexc(3y)3.72%
ROICexc(5y)5.49%
ROICexgc(3y)4.55%
ROICexgc(5y)6.9%
ROCE(3y)4.06%
ROCE(5y)4.78%
ROICexcg growth 3Y-18.29%
ROICexcg growth 5Y-16.34%
ROICexc growth 3Y-14.81%
ROICexc growth 5Y-16.9%
OM growth 3Y9.06%
OM growth 5Y-9.85%
PM growth 3Y9.6%
PM growth 5Y-12.85%
GM growth 3Y2%
GM growth 5Y-3.09%
F-Score7
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.07 | ||
| Debt/FCF | 6.14 | ||
| Debt/EBITDA | 0.6 | ||
| Cap/Depr | 70.18% | ||
| Cap/Sales | 1.88% | ||
| Interest Coverage | 7.96 | ||
| Cash Conversion | 70.18% | ||
| Profit Quality | 129.72% | ||
| Current Ratio | 1.55 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 1.68 |
F-Score7
WACC5.83%
ROIC/WACC0.57
Cap/Depr(3y)60.7%
Cap/Depr(5y)80.04%
Cap/Sales(3y)1.96%
Cap/Sales(5y)2.28%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.52%
EPS 3Y7.45%
EPS 5Y-10.91%
EPS Q2Q%-16.41%
EPS Next Y16.44%
EPS Next 2Y3.04%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.02%
Revenue growth 3Y-3.46%
Revenue growth 5Y1.21%
Sales Q2Q%-0.54%
Revenue Next Year1.03%
Revenue Next 2Y5.99%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.13%
EBIT growth 3Y5.29%
EBIT growth 5Y-8.76%
EBIT Next Year78.81%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-57.59%
FCF growth 3YN/A
FCF growth 5Y-12.86%
OCF growth 1Y-36.46%
OCF growth 3Y15.58%
OCF growth 5Y-13.22%