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

USA - New York Stock Exchange - NYSE:YMM - US35969L1089 - ADR

11.305 USD
-0.02 (-0.13%)
Last: 12/2/2025, 11:24:06 AM
Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to YMM. 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! 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.
The reported net income has been mixed in the past 5 years: YMM reported negative net income in multiple 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 90.70% of its industry peers.
YMM has a better Return On Equity (10.65%) than 67.44% of its industry peers.
YMM has a Return On Invested Capital of 7.80%. This is in the better half of the industry: YMM outperforms 74.42% of its industry peers.
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

With an excellent Profit Margin value of 34.40%, YMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
YMM's Operating Margin of 32.44% is amongst the best of the industry. YMM outperforms 88.37% of its industry peers.
YMM's Gross Margin of 61.36% is fine compared to the rest of the industry. YMM outperforms 72.09% of its industry peers.
YMM's Gross Margin has improved in the last couple of years.
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

YMM has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
YMM has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for YMM has been reduced compared to 5 years ago.
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 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

An Altman-Z score of 15.75 indicates that YMM is not in any danger for bankruptcy at the moment.
YMM has a Altman-Z score of 15.75. This is amongst the best in the industry. YMM outperforms 95.35% 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 15.75
ROIC/WACC0.84
WACC9.28%
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

YMM has a Current Ratio of 8.89. This indicates that YMM is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of YMM (8.89) is better than 100.00% of its industry peers.
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 92.74%, which is quite impressive.
The Revenue has grown by 33.22% in the past year. This is a very strong growth!
The Revenue has been growing by 35.36% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)92.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-23.65%
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%677.43%

3.2 Future

YMM is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.96% yearly.
The Revenue is expected to grow by 17.14% on average over the next years. This is quite good.
EPS Next Y42.76%
EPS Next 2Y29.53%
EPS Next 3Y28.64%
EPS Next 5Y24.96%
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

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 17.66, the valuation of YMM can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of YMM indicates a rather cheap valuation: YMM is cheaper than 86.05% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.11, YMM is valued a bit cheaper.
YMM is valuated correctly with a Price/Forward Earnings ratio of 14.59.
Based on the Price/Forward Earnings ratio, YMM is valued cheaper than 83.72% of the companies in the same industry.
YMM is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 17.66
Fwd PE 14.59
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

62.79% 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 20.84
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.
A more expensive valuation may be justified as YMM's earnings are expected to grow with 28.64% in the coming years.
PEG (NY)0.41
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 1.72, 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 2.32.
Industry RankSector Rank
Dividend Yield 1.16%

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 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 (12/2/2025, 11:24:06 AM)

11.305

-0.02 (-0.13%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)11-17 2025-11-17/bmo
Earnings (Next)03-03 2026-03-03/amc
Inst Owners77.94%
Inst Owner Change8.79%
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap11.82B
Revenue(TTM)11.24B
Net Income(TTM)4.18B
Analysts82.11
Price Target15.88 (40.47%)
Short Float %50.94%
Short Ratio3.41
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)3.85%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.59%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.48%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.38%
Valuation
Industry RankSector Rank
PE 17.66
Fwd PE 14.59
P/S 6.89
P/FCF N/A
P/OCF N/A
P/B 2.13
P/tB 2.34
EV/EBITDA 20.84
EPS(TTM)0.64
EY5.66%
EPS(NY)0.77
Fwd EY6.85%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.64
BVpS5.3
TBVpS4.83
PEG (NY)0.41
PEG (5Y)N/A
Graham Number8.74
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 15.75
F-ScoreN/A
WACC9.28%
ROIC/WACC0.84
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)92.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-23.65%
EPS Next Y42.76%
EPS Next 2Y29.53%
EPS Next 3Y28.64%
EPS Next 5Y24.96%
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%677.43%
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.