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FULL TRUCK ALLIANCE -SPN ADR (YMM) Stock Fundamental Analysis

NYSE:YMM - New York Stock Exchange, Inc. - US35969L1089 - ADR

11.33  +0.07 (+0.62%)

After market: 11.33 0 (0%)

Fundamental Rating

6

Taking everything into account, YMM scores 6 out of 10 in our fundamental rating. YMM was compared to 38 industry peers in the Ground Transportation industry. YMM has an excellent financial health rating, but there are some minor concerns on its profitability. YMM is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

YMM had positive earnings in the past year.
The reported net income has been mixed in the past 5 years: YMM reported negative net income in multiple years.
In the past 5 years YMM reported 4 times negative operating cash flow.
YMM Yearly Net Income VS EBIT VS OCF VS FCFYMM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 0 2B -2B -4B

1.2 Ratios

The Return On Assets of YMM (5.60%) is better than 63.16% of its industry peers.
With a Return On Equity value of 6.19%, YMM perfoms like the industry average, outperforming 47.37% of the companies in the same industry.
The Return On Invested Capital of YMM (2.65%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA 5.6%
ROE 6.19%
ROIC 2.65%
ROA(3y)-1.8%
ROA(5y)-5.73%
ROE(3y)-1.95%
ROE(5y)-6.38%
ROIC(3y)N/A
ROIC(5y)N/A
YMM Yearly ROA, ROE, ROICYMM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 0 5 -5 -10 -15

1.3 Margins

YMM has a Profit Margin of 26.77%. This is amongst the best in the industry. YMM outperforms 92.11% of its industry peers.
YMM has a better Operating Margin (13.17%) than 73.68% of its industry peers.
Looking at the Gross Margin, with a value of 52.00%, YMM is in the better half of the industry, outperforming 63.16% of the companies in the same industry.
In the last couple of years the Gross Margin of YMM has remained more or less at the same level.
Industry RankSector Rank
OM 13.17%
PM (TTM) 26.77%
GM 52%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.45%
GM growth 5YN/A
YMM Yearly Profit, Operating, Gross MarginsYMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 0 50 -50 -100

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9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), YMM is destroying value.
Compared to 1 year ago, YMM has less shares outstanding
YMM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
YMM Yearly Shares OutstandingYMM Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
YMM Yearly Total Debt VS Total AssetsYMM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 10B 20B 30B

2.2 Solvency

YMM has an Altman-Z score of 14.22. This indicates that YMM is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 14.22, YMM belongs to the top of the industry, outperforming 97.37% of the companies in the same industry.
There is no outstanding debt for YMM. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 14.22
ROIC/WACC0.35
WACC7.54%
YMM Yearly LT Debt VS Equity VS FCFYMM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 10B 20B 30B

2.3 Liquidity

YMM has a Current Ratio of 7.33. This indicates that YMM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of YMM (7.33) is better than 100.00% of its industry peers.
YMM has a Quick Ratio of 7.33. This indicates that YMM is financially healthy and has no problem in meeting its short term obligations.
YMM has a better Quick ratio (7.33) than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 7.33
Quick Ratio 7.33
YMM Yearly Current Assets VS Current LiabilitesYMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 10B 20B 30B

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 51.52% over the past year.
Looking at the last year, YMM shows a very strong growth in Revenue. The Revenue has grown by 25.28%.
YMM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 48.41% yearly.
EPS 1Y (TTM)51.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%54.55%
Revenue 1Y (TTM)25.28%
Revenue growth 3Y48.41%
Revenue growth 5YN/A
Sales Q2Q%39.21%

3.2 Future

The Earnings Per Share is expected to grow by 105.30% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 79.91% on average over the next years. This is a very strong growth
EPS Next Y39.99%
EPS Next 2Y32.6%
EPS Next 3Y29.62%
EPS Next 5Y105.3%
Revenue Next Year31.71%
Revenue Next 2Y25.1%
Revenue Next 3Y22.68%
Revenue Next 5Y79.91%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
YMM Yearly Revenue VS EstimatesYMM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5B 10B 15B 20B 25B
YMM Yearly EPS VS EstimatesYMM Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 2 4 6

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1

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 161.86, the valuation of YMM can be described as expensive.
Based on the Price/Earnings ratio, YMM is valued a bit more expensive than 73.68% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.29. YMM is valued rather expensively when compared to this.
YMM is valuated quite expensively with a Price/Forward Earnings ratio of 127.34.
Compared to the rest of the industry, the Price/Forward Earnings ratio of YMM indicates a slightly more expensive valuation: YMM is more expensive than 76.32% of the companies listed in the same industry.
YMM is valuated expensively when we compare the Price/Forward Earnings ratio to 24.44, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 161.86
Fwd PE 127.34
YMM Price Earnings VS Forward Price EarningsYMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
YMM Per share dataYMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates YMM does not grow enough to justify the current Price/Earnings ratio.
YMM's earnings are expected to grow with 29.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.05
PEG (5Y)N/A
EPS Next 2Y32.6%
EPS Next 3Y29.62%

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2

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.13%, YMM has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.27, YMM pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.13, YMM pays less dividend than the S&P500 average, which is at 2.28.
Industry RankSector Rank
Dividend Yield 1.13%

5.2 History

YMM is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
YMM Yearly Dividends per shareYMM Yearly Dividends per shareYearly Dividends per share 2024 0.05 0.1

5.3 Sustainability

DPN/A
EPS Next 2Y32.6%
EPS Next 3Y29.62%
YMM Yearly Income VS Free CF VS DividendYMM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2019 2020 2021 2022 2023 0 2B -2B -4B

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FULL TRUCK ALLIANCE -SPN ADR

NYSE:YMM (1/21/2025, 8:04:00 PM)

After market: 11.33 0 (0%)

11.33

+0.07 (+0.62%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)11-20 2024-11-20/bmo
Earnings (Next)N/A N/A
Inst Owners61.37%
Inst Owner Change-0.4%
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap11.85B
Analysts84.71
Price Target12.6 (11.21%)
Short Float %80%
Short Ratio4.22
Dividend
Industry RankSector Rank
Dividend Yield 1.13%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.15%
Min EPS beat(2)16.72%
Max EPS beat(2)33.58%
EPS beat(4)4
Avg EPS beat(4)33.26%
Min EPS beat(4)16.72%
Max EPS beat(4)47.74%
EPS beat(8)7
Avg EPS beat(8)40.89%
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)2
Avg Revenue beat(2)3.88%
Min Revenue beat(2)2.31%
Max Revenue beat(2)5.46%
Revenue beat(4)3
Avg Revenue beat(4)3.17%
Min Revenue beat(4)-0.1%
Max Revenue beat(4)5.46%
Revenue beat(8)7
Avg Revenue beat(8)314.11%
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)1.99%
PT rev (3m)9.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)4.97%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.22%
Valuation
Industry RankSector Rank
PE 161.86
Fwd PE 127.34
P/S 10.52
P/FCF N/A
P/OCF N/A
P/B 2.43
P/tB 2.7
EV/EBITDA N/A
EPS(TTM)0.07
EY0.62%
EPS(NY)0.09
Fwd EY0.79%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.08
BVpS4.66
TBVpS4.19
PEG (NY)4.05
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 5.6%
ROE 6.19%
ROCE 3.01%
ROIC 2.65%
ROICexc 5.38%
ROICexgc 6.73%
OM 13.17%
PM (TTM) 26.77%
GM 52%
FCFM N/A
ROA(3y)-1.8%
ROA(5y)-5.73%
ROE(3y)-1.95%
ROE(5y)-6.38%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.45%
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.33
Quick Ratio 7.33
Altman-Z 14.22
F-ScoreN/A
WACC7.54%
ROIC/WACC0.35
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)51.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%54.55%
EPS Next Y39.99%
EPS Next 2Y32.6%
EPS Next 3Y29.62%
EPS Next 5Y105.3%
Revenue 1Y (TTM)25.28%
Revenue growth 3Y48.41%
Revenue growth 5YN/A
Sales Q2Q%39.21%
Revenue Next Year31.71%
Revenue Next 2Y25.1%
Revenue Next 3Y22.68%
Revenue Next 5Y79.91%
EBIT growth 1Y769.26%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year75.96%
EBIT Next 3Y53.38%
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A