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

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

12.09  -0.14 (-1.14%)

Premarket: 11.66 -0.43 (-3.56%)

Fundamental Rating

6

Taking everything into account, YMM scores 6 out of 10 in our fundamental rating. YMM was compared to 40 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. These ratings could make YMM a good candidate 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.
YMM had a positive operating cash flow 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

YMM's Return On Assets of 7.44% is fine compared to the rest of the industry. YMM outperforms 72.50% of its industry peers.
Looking at the Return On Equity, with a value of 8.15%, YMM is in line with its industry, outperforming 57.50% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 5.11%, YMM is in line with its industry, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
ROA 7.44%
ROE 8.15%
ROIC 5.11%
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 27.32%, YMM belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
Looking at the Operating Margin, with a value of 22.02%, YMM belongs to the top of the industry, outperforming 85.00% of the companies in the same industry.
The Gross Margin of YMM (54.62%) is better than 65.00% of its industry peers.
In the last couple of years the Gross Margin of YMM has grown nicely.
Industry RankSector Rank
OM 22.02%
PM (TTM) 27.32%
GM 54.62%
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

YMM has an Altman-Z score of 15.96. This indicates that YMM is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of YMM (15.96) is better than 97.50% 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 0
Altman-Z 15.96
ROIC/WACC0.64
WACC8.03%
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 9.03 indicates that YMM has no problem at all paying its short term obligations.
With an excellent Current ratio value of 9.03, YMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
YMM has a Quick Ratio of 9.03. 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 9.03, YMM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 9.03
Quick Ratio 9.03
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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8

3. Growth

3.1 Past

YMM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 45.95%, which is quite impressive.
YMM shows a strong growth in Revenue. In the last year, the Revenue has grown by 33.22%.
Measured over the past years, YMM shows a very strong growth in Revenue. The Revenue has been growing by 35.36% on average per year.
EPS 1Y (TTM)45.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%28.22%

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 26.12% on average per year.
The Revenue is expected to grow by 74.10% on average over the next years. This is a very strong growth
EPS Next Y36.4%
EPS Next 2Y28.13%
EPS Next 3Y26.12%
EPS Next 5YN/A
Revenue Next Year12.85%
Revenue Next 2Y13.58%
Revenue Next 3Y14.33%
Revenue Next 5Y74.1%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 0.2 0.4 0.6 0.8 1

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2

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 172.71, YMM can be considered very expensive at the moment.
Based on the Price/Earnings ratio, YMM is valued a bit more expensive than the industry average as 65.00% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of YMM to the average of the S&P500 Index (26.60), we can say YMM is valued expensively.
YMM is valuated quite expensively with a Price/Forward Earnings ratio of 118.50.
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 70.00% of the companies listed in the same industry.
YMM is valuated expensively when we compare the Price/Forward Earnings ratio to 22.43, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 172.71
Fwd PE 118.5
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

62.50% of the companies in the same industry are cheaper than YMM, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of YMM indicates a somewhat cheap valuation: YMM is cheaper than 62.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 31.53
EV/EBITDA 21.73
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 26.12% in the coming years. This may justify a more expensive valuation.
PEG (NY)4.74
PEG (5Y)N/A
EPS Next 2Y28.13%
EPS Next 3Y26.12%

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2

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 1.52.
With a Dividend Yield of 0.71, YMM pays less dividend than the S&P500 average, which is at 2.36.
Industry RankSector Rank
Dividend Yield 0.71%

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

5.3 Sustainability

34.66% of the earnings are spent on dividend by YMM. This is a low number and sustainable payout ratio.
DP34.66%
EPS Next 2Y28.13%
EPS Next 3Y26.12%
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
YMM Dividend Payout.YMM Dividend Payout, showing the Payout Ratio.YMM Dividend Payout.PayoutRetained Earnings

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FULL TRUCK ALLIANCE -SPN ADR

NYSE:YMM (5/20/2025, 8:04:00 PM)

Premarket: 11.66 -0.43 (-3.56%)

12.09

-0.14 (-1.14%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)05-19 2025-05-19/bmo
Earnings (Next)08-19 2025-08-19/bmo
Inst Owners69.92%
Inst Owner Change3%
Ins Owners0.27%
Ins Owner ChangeN/A
Market Cap12.64B
Analysts82.22
Price Target15.99 (32.26%)
Short Float %46.9%
Short Ratio2.15
Dividend
Industry RankSector Rank
Dividend Yield 0.71%
Yearly Dividend0.14
Dividend Growth(5Y)N/A
DP34.66%
Div Incr Years0
Div Non Decr Years0
Ex-Date04-07 2025-04-07 (0.096)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.04%
Min EPS beat(2)2.04%
Max EPS beat(2)16.04%
EPS beat(4)4
Avg EPS beat(4)13.42%
Min EPS beat(4)1.76%
Max EPS beat(4)33.83%
EPS beat(8)8
Avg EPS beat(8)23.34%
EPS beat(12)11
Avg EPS beat(12)31.73%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)5.63%
Min Revenue beat(2)1.33%
Max Revenue beat(2)9.92%
Revenue beat(4)3
Avg Revenue beat(4)2.81%
Min Revenue beat(4)-1%
Max Revenue beat(4)9.92%
Revenue beat(8)6
Avg Revenue beat(8)2.99%
Revenue beat(12)10
Avg Revenue beat(12)210.34%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.14%
PT rev (3m)26.06%
EPS NQ rev (1m)0%
EPS NQ rev (3m)36.38%
EPS NY rev (1m)0%
EPS NY rev (3m)13%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-4.92%
Valuation
Industry RankSector Rank
PE 172.71
Fwd PE 118.5
P/S 8.12
P/FCF 31.53
P/OCF 30.74
P/B 2.42
P/tB 2.67
EV/EBITDA 21.73
EPS(TTM)0.07
EY0.58%
EPS(NY)0.1
Fwd EY0.84%
FCF(TTM)0.38
FCFY3.17%
OCF(TTM)0.39
OCFY3.25%
SpS1.49
BVpS4.99
TBVpS4.52
PEG (NY)4.74
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.44%
ROE 8.15%
ROCE 6.47%
ROIC 5.11%
ROICexc 11.2%
ROICexgc 14.03%
OM 22.02%
PM (TTM) 27.32%
GM 54.62%
FCFM 25.76%
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-Score8
Asset Turnover0.27
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 96.2%
Cap/Sales 0.67%
Interest Coverage 250
Cash Conversion 116.34%
Profit Quality 94.31%
Current Ratio 9.03
Quick Ratio 9.03
Altman-Z 15.96
F-Score8
WACC8.03%
ROIC/WACC0.64
Cap/Depr(3y)109.17%
Cap/Depr(5y)94.99%
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)45.95%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%40%
EPS Next Y36.4%
EPS Next 2Y28.13%
EPS Next 3Y26.12%
EPS Next 5YN/A
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%28.22%
Revenue Next Year12.85%
Revenue Next 2Y13.58%
Revenue Next 3Y14.33%
Revenue Next 5Y74.1%
EBIT growth 1Y148.14%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year81.7%
EBIT Next 3Y43.6%
EBIT Next 5YN/A
FCF growth 1Y33.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y30.86%
OCF growth 3YN/A
OCF growth 5YN/A