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

USA - NYSE:YMM - US35969L1089 - ADR

13.55 USD
-0.07 (-0.51%)
Last: 9/15/2025, 8:04:00 PM
13.3883 USD
-0.16 (-1.19%)
After Hours: 9/15/2025, 8:04:00 PM
Fundamental Rating

6

Overall YMM gets a fundamental rating of 6 out of 10. We evaluated YMM against 42 industry peers in the Ground Transportation industry. YMM is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. YMM is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! These ratings would make YMM suitable for growth investing!


Dividend Valuation Growth Profitability Health

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5

1. Profitability

1.1 Basic Checks

In the past year YMM was profitable.
In multiple years YMM reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: YMM reported negative operating cash flow in multiple 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

YMM has a better Return On Assets (9.81%) than 85.71% of its industry peers.
YMM has a Return On Equity of 10.65%. This is in the better half of the industry: YMM outperforms 61.90% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.80%, YMM is in the better half of the industry, outperforming 69.05% 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

The Profit Margin of YMM (34.40%) is better than 100.00% of its industry peers.
The Operating Margin of YMM (32.44%) is better than 88.10% of its industry peers.
YMM has a better Gross Margin (61.36%) than 73.81% 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.
Compared to 1 year ago, YMM has about the same amount of shares outstanding.
The number of shares outstanding for YMM has been reduced compared to 5 years ago.
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 18.89. This indicates that YMM is financially healthy and has little risk of bankruptcy at the moment.
YMM's Altman-Z score of 18.89 is amongst the best of the industry. YMM outperforms 100.00% of its industry peers.
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 18.89
ROIC/WACC0.95
WACC8.22%
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.
YMM has a better Current ratio (8.89) than 100.00% of its industry peers.
YMM has a Quick Ratio of 8.89. This indicates that YMM is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 8.89, YMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
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

The Earnings Per Share has grown by an impressive 286.44% over the past year.
Looking at the last year, YMM shows a very strong growth in Revenue. The Revenue has grown by 27.79%.
The Revenue has been growing by 35.36% on average over the past years. This is a very strong growth!
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

Based on estimates for the next years, YMM will show a very strong growth in Earnings Per Share. The EPS will grow by 32.72% on average per year.
Based on estimates for the next years, YMM will show a quite strong growth in Revenue. The Revenue will grow by 17.14% on average per year.
EPS Next Y52.63%
EPS Next 2Y36.29%
EPS Next 3Y32.72%
EPS Next 5YN/A
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 0 2 4 6

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4

4. Valuation

4.1 Price/Earnings Ratio

YMM is valuated rather expensively with a Price/Earnings ratio of 19.93.
Compared to the rest of the industry, the Price/Earnings ratio of YMM indicates a somewhat cheap valuation: YMM is cheaper than 76.19% of the companies listed in the same industry.
YMM is valuated rather cheaply when we compare the Price/Earnings ratio to 27.27, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.91, which indicates a correct valuation of YMM.
78.57% of the companies in the same industry are more expensive than YMM, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.77, YMM is valued a bit cheaper.
Industry RankSector Rank
PE 19.93
Fwd PE 15.91
YMM Price Earnings VS Forward Price EarningsYMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

64.29% of the companies in the same industry are cheaper than YMM, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 25.25
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

YMM's 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 32.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y36.29%
EPS Next 3Y32.72%

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1

5. Dividend

5.1 Amount

With a yearly dividend of 0.71%, YMM is not a good candidate for dividend investing.
YMM's Dividend Yield is comparable with the industry average which is at 1.59.
Compared to an average S&P500 Dividend Yield of 2.38, YMM's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.71%

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 2Y36.29%
EPS Next 3Y32.72%
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 (9/15/2025, 8:04:00 PM)

After market: 13.3883 -0.16 (-1.19%)

13.55

-0.07 (-0.51%)

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 Owners73.99%
Inst Owner Change2.65%
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap14.17B
Analysts82.22
Price Target15.88 (17.2%)
Short Float %49.27%
Short Ratio2.04
Dividend
Industry RankSector Rank
Dividend Yield 0.71%
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)3.21%
PT rev (3m)2.14%
EPS NQ rev (1m)-17.67%
EPS NQ rev (3m)479.94%
EPS NY rev (1m)613.33%
EPS NY rev (3m)576.74%
Revenue NQ rev (1m)-6.11%
Revenue NQ rev (3m)575.42%
Revenue NY rev (1m)-5.77%
Revenue NY rev (3m)577.81%
Valuation
Industry RankSector Rank
PE 19.93
Fwd PE 15.91
P/S 8.31
P/FCF N/A
P/OCF N/A
P/B 2.57
P/tB 2.83
EV/EBITDA 25.25
EPS(TTM)0.68
EY5.02%
EPS(NY)0.85
Fwd EY6.29%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.63
BVpS5.26
TBVpS4.8
PEG (NY)0.38
PEG (5Y)N/A
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
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 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 18.89
F-ScoreN/A
WACC8.22%
ROIC/WACC0.95
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 Y52.63%
EPS Next 2Y36.29%
EPS Next 3Y32.72%
EPS Next 5YN/A
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 Year74.6%
EBIT Next 3Y41.08%
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