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

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

11.63  +0.27 (+2.38%)

After market: 11.53 -0.1 (-0.86%)

Fundamental Rating

5

Overall YMM gets a fundamental rating of 5 out of 10. We evaluated YMM against 40 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. While showing a medium growth rate, YMM is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

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.
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 Return On Assets of 8.86%. This is in the better half of the industry: YMM outperforms 80.00% of its industry peers.
YMM has a Return On Equity (9.82%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 6.85%, YMM is in line with its industry, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
ROA 8.86%
ROE 9.82%
ROIC 6.85%
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 32.20%, YMM belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
Looking at the Operating Margin, with a value of 28.84%, YMM belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
The Gross Margin of YMM (59.15%) is better than 67.50% of its industry peers.
YMM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 28.84%
PM (TTM) 32.2%
GM 59.15%
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.
Compared to 5 years 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 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 13.16. This indicates that YMM is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of YMM (13.16) is better than 95.00% 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 13.16
ROIC/WACC0.9
WACC7.59%
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 7.66. This indicates that YMM is financially healthy and has no problem in meeting its short term obligations.
YMM has a better Current ratio (7.66) than 100.00% of its industry peers.
A Quick Ratio of 7.66 indicates that YMM has no problem at all paying its short term obligations.
YMM's Quick ratio of 7.66 is amongst the best of the industry. YMM outperforms 100.00% of its industry peers.
Industry RankSector Rank
Current Ratio 7.66
Quick Ratio 7.66
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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6

3. Growth

3.1 Past

YMM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 553.86%, which is quite impressive.
Looking at the last year, YMM shows a very strong growth in Revenue. The Revenue has grown by 33.22%.
YMM shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 35.36% yearly.
EPS 1Y (TTM)553.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1208.84%
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%761%

3.2 Future

YMM is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -8.90% 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 Y-50.32%
EPS Next 2Y-21.93%
EPS Next 3Y-8.9%
EPS Next 5YN/A
Revenue Next Year13.44%
Revenue Next 2Y13.64%
Revenue Next 3Y14.16%
Revenue Next 5Y17.14%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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 0.5 1

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0

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 32.31, YMM can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of YMM is on the same level as its industry peers.
YMM is valuated rather expensively when we compare the Price/Earnings ratio to 26.54, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 97.48 indicates a quite expensive valuation of YMM.
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.
When comparing the Price/Forward Earnings ratio of YMM to the average of the S&P500 Index (35.28), we can say YMM is valued expensively.
Industry RankSector Rank
PE 32.31
Fwd PE 97.48
YMM Price Earnings VS Forward Price EarningsYMM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

60.00% 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 15.48
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 earnings are expected to decrease with -8.90% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.93%
EPS Next 3Y-8.9%

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1

5. Dividend

5.1 Amount

YMM has a yearly dividend return of 0.71%, which is pretty low.
Compared to an average industry Dividend Yield of 1.58, YMM has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, 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

5.3 Sustainability

DPN/A
EPS Next 2Y-21.93%
EPS Next 3Y-8.9%
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 (8/7/2025, 5:05:00 PM)

After market: 11.53 -0.1 (-0.86%)

11.63

+0.27 (+2.38%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupTransportation
GICS IndustryGround Transportation
Earnings (Last)05-21 2025-05-21/bmo
Earnings (Next)08-19 2025-08-19/bmo
Inst Owners74.08%
Inst Owner Change-0.9%
Ins Owners0.52%
Ins Owner ChangeN/A
Market Cap12.16B
Analysts82.22
Price Target15.55 (33.71%)
Short Float %47.65%
Short Ratio2.94
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-Date04-07 2025-04-07 (0.096)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.4%
Min EPS beat(2)0.4%
Max EPS beat(2)4.4%
EPS beat(4)4
Avg EPS beat(4)5.65%
Min EPS beat(4)0.4%
Max EPS beat(4)16.04%
EPS beat(8)8
Avg EPS beat(8)17.72%
EPS beat(12)12
Avg EPS beat(12)40.3%
EPS beat(16)12
Avg EPS beat(16)-5330.15%
Revenue beat(2)1
Avg Revenue beat(2)0.34%
Min Revenue beat(2)-0.3%
Max Revenue beat(2)0.98%
Revenue beat(4)3
Avg Revenue beat(4)2.9%
Min Revenue beat(4)-0.3%
Max Revenue beat(4)9.92%
Revenue beat(8)5
Avg Revenue beat(8)2.28%
Revenue beat(12)9
Avg Revenue beat(12)155.99%
Revenue beat(16)13
Avg Revenue beat(16)270.3%
PT rev (1m)0%
PT rev (3m)-2.91%
EPS NQ rev (1m)619.5%
EPS NQ rev (3m)563.56%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.13%
Revenue NQ rev (1m)619.49%
Revenue NQ rev (3m)630.33%
Revenue NY rev (1m)619.3%
Revenue NY rev (3m)628.81%
Valuation
Industry RankSector Rank
PE 32.31
Fwd PE 97.48
P/S 7.49
P/FCF N/A
P/OCF N/A
P/B 2.29
P/tB 2.52
EV/EBITDA 15.48
EPS(TTM)0.36
EY3.1%
EPS(NY)0.12
Fwd EY1.03%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS1.55
BVpS5.09
TBVpS4.62
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 8.86%
ROE 9.82%
ROCE 8.66%
ROIC 6.85%
ROICexc 14.23%
ROICexgc 17.52%
OM 28.84%
PM (TTM) 32.2%
GM 59.15%
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 Turnover0.28
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 7.66
Quick Ratio 7.66
Altman-Z 13.16
F-ScoreN/A
WACC7.59%
ROIC/WACC0.9
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)553.86%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%1208.84%
EPS Next Y-50.32%
EPS Next 2Y-21.93%
EPS Next 3Y-8.9%
EPS Next 5YN/A
Revenue 1Y (TTM)33.22%
Revenue growth 3Y34.13%
Revenue growth 5Y35.36%
Sales Q2Q%761%
Revenue Next Year13.44%
Revenue Next 2Y13.64%
Revenue Next 3Y14.16%
Revenue Next 5Y17.14%
EBIT growth 1Y148.14%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year254.88%
EBIT Next 3Y41.91%
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