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

USA - NYSE:YMM - US35969L1089 - ADR

12.355 USD
-0.21 (-1.63%)
Last: 11/14/2025, 1:11:07 PM
Fundamental Rating

6

Taking everything into account, YMM scores 6 out of 10 in our fundamental rating. YMM was compared to 43 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 growing strongly while it is still valued neutral. This is a good combination! This makes YMM very considerable for growth investing!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

YMM had positive earnings in the past year.
In multiple years YMM reported negative net income over the last 5 years.
In multiple years YMM reported negative operating cash flow during the last 5 years.
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 2024 0 2B -2B -4B

1.2 Ratios

Looking at the Return On Assets, with a value of 9.81%, YMM belongs to the top of the industry, outperforming 90.70% of the companies in the same industry.
With a decent Return On Equity value of 10.65%, YMM is doing good in the industry, outperforming 65.12% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.80%, YMM is in the better half of the industry, outperforming 72.09% of the companies in the same industry.
Industry RankSector Rank
ROA 9.81%
ROE 10.65%
ROIC 7.8%
ROA(3y)4.72%
ROA(5y)-2.45%
ROE(3y)5.19%
ROE(5y)-2.65%
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 2024 0 5 -5 -10 -15

1.3 Margins

YMM's Profit Margin of 34.40% is amongst the best of the industry. YMM outperforms 100.00% of its industry peers.
YMM has a better Operating Margin (32.44%) than 88.37% of its industry peers.
YMM has a better Gross Margin (61.36%) than 72.09% of its industry peers.
In the last couple of years the Gross Margin of YMM has grown nicely.
Industry RankSector Rank
OM 32.44%
PM (TTM) 34.4%
GM 61.36%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y6.31%
GM growth 5Y4.51%
YMM Yearly Profit, Operating, Gross MarginsYMM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so YMM is destroying value.
YMM has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, YMM has less shares outstanding
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.
YMM Yearly Shares OutstandingYMM Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 2024 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 2024 10B 20B 30B 40B

2.2 Solvency

YMM has an Altman-Z score of 17.43. This indicates that YMM is financially healthy and has little risk of bankruptcy at the moment.
YMM has a better Altman-Z score (17.43) than 97.67% of its industry peers.
YMM has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 17.43
ROIC/WACC0.96
WACC8.11%
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 2024 0 10B 20B 30B

2.3 Liquidity

A Current Ratio of 8.89 indicates that YMM has no problem at all paying its short term obligations.
With an excellent Current ratio value of 8.89, YMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Quick Ratio of 8.89 indicates that YMM has no problem at all paying its short term obligations.
YMM has a better Quick ratio (8.89) than 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 8.89
Quick Ratio 8.89
YMM Yearly Current Assets VS Current LiabilitesYMM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 2024 10B 20B 30B

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7

3. Growth

3.1 Past

YMM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 286.44%, which is quite impressive.
YMM shows a strong growth in Revenue. In the last year, the Revenue has grown by 27.79%.
YMM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 35.36% yearly.
EPS 1Y (TTM)286.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%38.32%
Revenue 1Y (TTM)27.79%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%759.64%

3.2 Future

YMM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.94% yearly.
YMM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.14% yearly.
EPS Next Y42.76%
EPS Next 2Y29.53%
EPS Next 3Y28.64%
EPS Next 5Y25.94%
Revenue Next Year6.9%
Revenue Next 2Y6.94%
Revenue Next 3Y10.85%
Revenue Next 5Y17.14%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6 8

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 18.17, YMM is valued on the expensive side.
YMM's Price/Earnings ratio is rather cheap when compared to the industry. YMM is cheaper than 83.72% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 25.91, YMM is valued a bit cheaper.
A Price/Forward Earnings ratio of 16.00 indicates a correct valuation of YMM.
81.40% of the companies in the same industry are more expensive than YMM, based on the Price/Forward Earnings ratio.
YMM is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.57, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.17
Fwd PE 16
YMM Price Earnings VS Forward Price EarningsYMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, YMM is valued a bit more expensive than 62.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 23.2
YMM Per share dataYMM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
YMM's earnings are expected to grow with 28.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y29.53%
EPS Next 3Y28.64%

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2

5. Dividend

5.1 Amount

YMM has a Yearly Dividend Yield of 1.16%.
Compared to an average industry Dividend Yield of 1.71, YMM pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.16, YMM pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 1.16%

5.2 History

YMM does not have a reliable dividend history as it only pays dividend since a couple or years.
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 2025 0.05 0.1 0.15

5.3 Sustainability

DPN/A
EPS Next 2Y29.53%
EPS Next 3Y28.64%
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 2024 0 2B -2B -4B

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FULL TRUCK ALLIANCE -SPN ADR

NYSE:YMM (11/14/2025, 1:11:07 PM)

12.355

-0.21 (-1.63%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)08-21 2025-08-21/bmo
Earnings (Next)11-18 2025-11-18/bmo
Inst Owners77.94%
Inst Owner Change-2.12%
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap12.92B
Revenue(TTM)12.14B
Net Income(TTM)4.18B
Analysts82.11
Price Target15.88 (28.53%)
Short Float %44.51%
Short Ratio2.32
Dividend
Industry RankSector Rank
Dividend Yield 1.16%
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date10-10 2025-10-10 (0.096)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.39%
Min EPS beat(2)4.4%
Max EPS beat(2)10.37%
EPS beat(4)4
Avg EPS beat(4)7.93%
Min EPS beat(4)0.4%
Max EPS beat(4)16.54%
EPS beat(8)8
Avg EPS beat(8)14.72%
EPS beat(12)12
Avg EPS beat(12)33.31%
EPS beat(16)13
Avg EPS beat(16)-771.95%
Revenue beat(2)2
Avg Revenue beat(2)3.03%
Min Revenue beat(2)0.98%
Max Revenue beat(2)5.07%
Revenue beat(4)2
Avg Revenue beat(4)-19.71%
Min Revenue beat(4)-84.59%
Max Revenue beat(4)5.07%
Revenue beat(8)4
Avg Revenue beat(8)-19.77%
Revenue beat(12)7
Avg Revenue beat(12)91%
Revenue beat(16)11
Avg Revenue beat(16)222.99%
PT rev (1m)0%
PT rev (3m)3.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.4%
EPS NY rev (1m)0%
EPS NY rev (3m)567.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-6.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.77%
Valuation
Industry RankSector Rank
PE 18.17
Fwd PE 16
P/S 7.55
P/FCF N/A
P/OCF N/A
P/B 2.34
P/tB 2.57
EV/EBITDA 23.2
EPS(TTM)0.68
EY5.5%
EPS(NY)0.77
Fwd EY6.25%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.64
BVpS5.28
TBVpS4.81
PEG (NY)0.42
PEG (5Y)N/A
Graham Number8.99
Profitability
Industry RankSector Rank
ROA 9.81%
ROE 10.65%
ROCE 9.87%
ROIC 7.8%
ROICexc 7.8%
ROICexgc 8.54%
OM 32.44%
PM (TTM) 34.4%
GM 61.36%
FCFM N/A
ROA(3y)4.72%
ROA(5y)-2.45%
ROE(3y)5.19%
ROE(5y)-2.65%
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
ROICexgc growth 3YN/A
ROICexgc 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 3Y6.31%
GM growth 5Y4.51%
F-ScoreN/A
Asset Turnover0.29
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA 0
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 8.89
Quick Ratio 8.89
Altman-Z 17.43
F-ScoreN/A
WACC8.11%
ROIC/WACC0.96
Cap/Depr(3y)108.85%
Cap/Depr(5y)94.8%
Cap/Sales(3y)1.04%
Cap/Sales(5y)1.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)286.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%38.32%
EPS Next Y42.76%
EPS Next 2Y29.53%
EPS Next 3Y28.64%
EPS Next 5Y25.94%
Revenue 1Y (TTM)27.79%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%759.64%
Revenue Next Year6.9%
Revenue Next 2Y6.94%
Revenue Next 3Y10.85%
Revenue Next 5Y17.14%
EBIT growth 1Y169.57%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year54.67%
EBIT Next 3Y36.85%
EBIT Next 5YN/A
FCF growth 1Y33.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.84%
OCF growth 3YN/A
OCF growth 5YN/A

FULL TRUCK ALLIANCE -SPN ADR / YMM FAQ

What is the fundamental rating for YMM stock?

ChartMill assigns a fundamental rating of 6 / 10 to YMM.


What is the valuation status for YMM stock?

ChartMill assigns a valuation rating of 5 / 10 to FULL TRUCK ALLIANCE -SPN ADR (YMM). This can be considered as Fairly Valued.


How profitable is FULL TRUCK ALLIANCE -SPN ADR (YMM) stock?

FULL TRUCK ALLIANCE -SPN ADR (YMM) has a profitability rating of 5 / 10.


Can you provide the financial health for YMM stock?

The financial health rating of FULL TRUCK ALLIANCE -SPN ADR (YMM) is 9 / 10.


What is the expected EPS growth for FULL TRUCK ALLIANCE -SPN ADR (YMM) stock?

The Earnings per Share (EPS) of FULL TRUCK ALLIANCE -SPN ADR (YMM) is expected to grow by 42.76% in the next year.