China Yuchai International Limited (CYD) 10-Year Financial Performance & Capital Metrics

CYD • • Industrial / General

IndustrialsIndustrial MachineryPower Generation & Energy EquipmentPower Generation Systems

AboutChina Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, and agriculture applications in the People's Republic of China and internationally. It operates through two segments, Yuchai and HLGE. The company provides diesel engines comprising 4- and 6-cylinder diesel engines, high horsepower marine diesel engines, and power generator engines, as well as natural gas engines, diesel power generators, diesel engine parts, and remanufacturing services; and generator sets, as well as plug in hybrid engines, range extenders, power generation powertrains, hybrid powertrains, integrated electric drive axel powertrains, and fuel cell systems. It also engages in the hospitality and property development activities. In addition, the company designs, produces, and sells exhaust emission control systems. It distributes its engines directly to auto original equipment manufacturers, agents, and retailers, as well as provides maintenance and retrofitting services. The company was founded in 1951 and is based in Singapore.Show more

Revenue $19.13B +6.0%
EBITDA $1.26B -1.0%
Net Income $323M +13.1%
EPS (Diluted) 8.21 +17.5%
Gross Margin 14.73% -9.1%
EBITDA Margin 6.59% -6.7%
Operating Margin 3.12% -7.6%
Net Margin 1.69% +6.7%
ROE 2.64% +11.0%
ROIC 5.04% +4.7%
Debt/Equity 0.21 -1.6%
Interest Coverage 8.06 -49.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 91 (top 9%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 6.0%
✓Share count reduced 3.8% through buybacks
✓Trading at only 0.1x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.3%
✗Profits declining 11.8% over 5 years
✗Thin 5Y average net margin of 1.7%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.53%

5Y1.21%

3Y-3.46%

TTM6.02%

Profit (Net Income) CAGR

10Y-7.83%

5Y-11.79%

3Y5.81%

TTM13.15%

EPS CAGR

10Y-8.22%

5Y-11.13%

3Y7.17%

TTM15.47%

ROCE

10Y Avg7.98%

5Y Avg5.46%

3Y Avg4.34%

Latest4.34%

Peer Comparison

Power Generation Systems

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BWENBroadwind, Inc.	80.04M	3.45	65.84	-29.65%	3.37%	7.76%	12.73%	0.60
RRXRegal Rexnord Corporation	10.5B	158.16	53.80	-3.47%	4.38%	3.8%	4.76%	0.89
ETNEaton Corporation plc	129.52B	333.46	35.10	7.25%	14.74%	20.75%	2.72%	0.53
GNRCGenerac Holdings Inc.	9.47B	161.43	29.95	6.79%	7.19%	11.83%	6.38%	0.59
THRThermon Group Holdings, Inc.	1.36B	41.35	26.34	0.72%	11.6%	11.46%	3.89%	0.31
PSIXPower Solutions International, Inc.	1.74B	75.47	25.07	3.7%	17.94%	74.6%	3.33%	2.24
CMICummins Inc.	79.35B	574.84	20.26	0.11%	7.95%	20.37%	0.35%	0.67
CYDChina Yuchai International Limited	1.62B	43.11	5.25	6.02%	1.69%	2.63%	14.48%	0.21

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	13.73B	13.64B	16.2B	16.26B	18.02B	20.58B	21.27B	16.03B	18.05B	19.13B
Revenue Growth %	-0.16%	-0.01%	0.19%	0%	0.11%	0.14%	0.03%	-0.25%	0.13%	0.06%
Cost of Goods Sold+	10.94B	10.67B	12.82B	13.14B	14.9B	17.39B	18.5B	13.51B	15.12B	16.32B
COGS % of Revenue	0.8%	0.78%	0.79%	0.81%	0.83%	0.84%	0.87%	0.84%	0.84%	0.85%
Gross Profit+	2.8B	2.98B	3.38B	3.12B	3.11B	3.19B	2.77B	2.19B	2.92B	2.82B
Gross Margin %	0.2%	0.22%	0.21%	0.19%	0.17%	0.16%	0.13%	0.14%	0.16%	0.15%
Gross Profit Growth %	-0.15%	0.06%	0.13%	-0.08%	-0%	0.03%	-0.13%	-0.21%	0.33%	-0.04%
Operating Expenses+	2.04B	2.08B	1.92B	2.02B	2.18B	2.01B	2.09B	1.67B	2.31B	2.22B
OpEx % of Revenue	0.15%	0.15%	0.12%	0.12%	0.12%	0.1%	0.1%	0.1%	0.13%	0.12%
Selling, General & Admin	1.46B	1.49B	1.51B	1.55B	1.81B	1.76B	1.56B	1.15B	1.87B	1.81B
SG&A % of Revenue	0.11%	0.11%	0.09%	0.1%	0.1%	0.09%	0.07%	0.07%	0.1%	0.09%
Research & Development	533.65M	588.01M	648.18M	447.67M	492.2M	626.48M	848.81M	836.44M	876.58M	984.66M
R&D % of Revenue	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.04%	0.05%	0.05%	0.05%
Other Operating Expenses	0	0	0	0	-120.15M	-378.95M	-316.19M	-319.48M	-434.42M	-575.66M
Operating Income+	805.18M	967.17M	1.72B	1.28B	1.15B	1.18B	663.53M	519.29M	609.45M	596.97M
Operating Margin %	0.06%	0.07%	0.11%	0.08%	0.06%	0.06%	0.03%	0.03%	0.03%	0.03%
Operating Income Growth %	-0.38%	0.2%	0.77%	-0.25%	-0.11%	0.03%	-0.44%	-0.22%	0.17%	-0.02%
EBITDA+	1.26B	1.43B	2.15B	1.7B	1.61B	1.68B	1.24B	1.14B	1.27B	1.26B
EBITDA Margin %	0.09%	0.1%	0.13%	0.1%	0.09%	0.08%	0.06%	0.07%	0.07%	0.07%
EBITDA Growth %	-0.26%	0.14%	0.5%	-0.21%	-0.05%	0.04%	-0.26%	-0.08%	0.11%	-0.01%
D&A (Non-Cash Add-back)	456M	465.34M	431.81M	421.16M	465.21M	494.61M	573.6M	624.69M	665.07M	664.37M
EBIT	799.13M	971.36M	1.61B	1.29B	1.16B	1.12B	563.5M	485.63M	666.94M	507.93M
Net Interest Income+	-75.04M	-22.7M	4.98M	34.16M	45.47M	19.84M	20.46M	40.98M	53.95M	55.66M
Interest Income	70.02M	4.14M	54.06M	77.72M	98.58M	166.97M	132.08M	131.88M	92.49M	129.7M
Interest Expense	116.35M	79.68M	100.44M	113.09M	131.8M	147.29M	111.79M	90.91M	38.53M	74.04M
Other Income/Expense	-119.04M	-83.3M	-90.39M	-101.45M	-112.76M	-210.14M	-211.82M	-124.56M	-38.1M	23.57M
Pretax Income+	686.14M	883.88M	1.63B	1.18B	1.03B	971.86M	451.71M	394.73M	571.35M	620.54M
Pretax Margin %	0.05%	0.06%	0.1%	0.07%	0.06%	0.05%	0.02%	0.02%	0.03%	0.03%
Income Tax+	176.82M	160.27M	220.17M	206.67M	172.62M	192.54M	43.82M	59.06M	148.5M	128.8M
Effective Tax Rate %	0.5%	0.58%	0.59%	0.59%	0.59%	0.56%	0.6%	0.55%	0.5%	0.52%
Net Income+	341.11M	515.74M	953.92M	695.27M	604.91M	548.9M	272.67M	218.58M	285.52M	323.06M
Net Margin %	0.02%	0.04%	0.06%	0.04%	0.03%	0.03%	0.01%	0.01%	0.02%	0.02%
Net Income Growth %	-0.53%	0.51%	0.85%	-0.27%	-0.13%	-0.09%	-0.5%	-0.2%	0.31%	0.13%
Net Income (Continuing)	509.32M	735.96M	1.32B	974.4M	860.7M	779.33M	407.89M	335.66M	422.86M	491.74M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	2.19B	2.32B	2.63B	2.75B	2.81B	2.82B	2.76B	2.83B	2.95B	3.13B
EPS (Diluted)+	8.81	13.12	21.80	17.02	14.81	13.43	6.67	5.35	6.99	8.21
EPS Growth %	-0.54%	0.49%	0.66%	-0.22%	-0.13%	-0.09%	-0.5%	-0.2%	0.31%	0.17%
EPS (Basic)	8.81	13.12	21.80	17.02	14.81	13.43	6.67	5.35	6.99	8.21
Diluted Shares Outstanding	38.71M	40.02M	40.76M	40.86M	40.86M	40.86M	40.86M	40.86M	40.86M	39.33M
Basic Shares Outstanding	38.72M	40.03M	40.77M	40.86M	40.86M	40.87M	40.88M	40.86M	40.86M	39.35M
Dividend Payout Ratio	0.42%	0.23%	0.25%	0.86%	0.39%	0.45%	1.65%	0.5%	0.28%	0.31%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.12B	13.35B	16.01B	16.42B	17.38B	19.26B	17.79B	17.1B	19.16B	20.52B
Cash & Short-Term Investments	3.49B	4.02B	5.93B	6.01B	6.12B	6.14B	5.15B	4.8B	6.01B	6.31B
Cash Only	3.47B	3.65B	5.39B	5.56B	5.75B	5.88B	4.79B	4.45B	5.54B	6.31B
Short-Term Investments	7.2M	363.04M	538.79M	448.8M	365.78M	265.01M	357.94M	351.57M	467.1M	0
Accounts Receivable	7.18B	7.49B	7.14B	7.43B	7.82B	8.11B	6.86B	6.8B	8.38B	9.26B
Days Sales Outstanding	190.87	200.48	160.81	166.77	158.53	143.76	117.73	154.85	169.51	176.7
Inventory	1.71B	1.66B	2.57B	2.52B	2.82B	4.47B	5.21B	4.94B	4.67B	4.67B
Days Inventory Outstanding	57.11	56.93	73.24	69.94	69.17	93.86	102.76	133.36	112.61	104.5
Other Current Assets	696.38M	173.49M	296.92M	348.14M	551.22M	477.09M	575.41M	554.61M	28M	120.49M
Total Non-Current Assets+	5.7B	5.17B	5.01B	5.24B	6.47B	7.03B	7.12B	7.04B	6.59B	6.53B
Property, Plant & Equipment	4.33B	4.13B	3.82B	3.76B	4.63B	4.64B	4.54B	4.34B	3.85B	3.72B
Fixed Asset Turnover	3.17x	3.31x	4.24x	4.33x	3.89x	4.43x	4.68x	3.70x	4.68x	5.14x
Goodwill	212.64M	212.64M	212.64M	212.64M	212.64M	212.64M	212.64M	212.64M	212.64M	212.64M
Intangible Assets	81.83M	50.12M	10.12M	10.12M	178.92M	177.91M	553.66M	609.94M	1.25B	1.71B
Long-Term Investments	330.16M	107.13M	268.29M	294.94M	325.95M	369.51M	263.56M	174.96M	237.48M	338.84M
Other Non-Current Assets	483.24M	412.65M	385.75M	601.62M	705.6M	1.23B	1.14B	1.25B	1.04B	134.19M
Total Assets+	18.82B	18.52B	21.02B	21.66B	23.85B	26.29B	24.91B	24.14B	25.76B	27.05B
Asset Turnover	0.73x	0.74x	0.77x	0.75x	0.76x	0.78x	0.85x	0.66x	0.70x	0.71x
Asset Growth %	0%	-0.02%	0.13%	0.03%	0.1%	0.1%	-0.05%	-0.03%	0.07%	0.05%
Total Current Liabilities+	8.75B	7.85B	9.39B	9.56B	11.21B	13.05B	12.44B	11.22B	12.06B	13.23B
Accounts Payable	2.26B	6.55B	2.57B	2.9B	3.17B	3.65B	4.1B	4.56B	4.39B	4.77B
Days Payables Outstanding	75.45	224.22	73.15	80.64	77.76	76.52	80.89	123.23	105.86	106.7
Short-Term Debt	2.4B	894.14M	1.6B	2B	2.06B	1.73B	2.1B	2.14B	1.85B	1.87B
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K
Other Current Liabilities	2.11B	402.76M	4.33B	3.78B	4.41B	5.31B	4.56B	484.19M	5B	891.97M
Current Ratio	1.50x	1.70x	1.71x	1.72x	1.55x	1.48x	1.43x	1.52x	1.59x	1.55x
Quick Ratio	1.30x	1.49x	1.43x	1.45x	1.30x	1.13x	1.01x	1.08x	1.20x	1.20x
Cash Conversion Cycle	172.53	33.19	160.9	156.06	149.94	161.09	139.61	164.98	176.26	174.51
Total Non-Current Liabilities+	633.65M	612.19M	665.34M	951.16M	1.07B	1.41B	848.51M	1.08B	1.52B	1.52B
Long-Term Debt	56.51M	16.27M	26.34M	15.08M	0	500M	100M	200M	690M	638M
Capital Lease Obligations	55K	70K	46K	34K	31.37M	17.02M	13.41M	28.21M	16.01M	30.26M
Deferred Tax Liabilities	127.42M	115.76M	116.47M	136.73M	153.49M	0	65.54M	61.83M	65.09M	65.06M
Other Non-Current Liabilities	577.09M	595.85M	638.95M	936.05M	1.04B	889.43M	600.38M	711.7M	700.1M	736.62M
Total Liabilities	9.39B	8.46B	10.05B	10.51B	12.28B	14.46B	13.29B	12.3B	13.58B	14.75B
Total Debt+	2.46B	910.48M	1.63B	2.02B	2.09B	2.27B	2.24B	2.4B	2.59B	2.57B
Net Debt	-1.02B	-2.74B	-3.76B	-3.54B	-3.67B	-3.63B	-2.57B	-2.08B	-3.42B	-3.74B
Debt / Equity	0.26x	0.09x	0.15x	0.18x	0.18x	0.19x	0.19x	0.20x	0.21x	0.21x
Debt / EBITDA	1.95x	0.64x	0.76x	1.18x	1.29x	1.35x	1.81x	2.10x	2.03x	2.04x
Net Debt / EBITDA	-0.81x	-1.92x	-1.75x	-2.08x	-2.28x	-2.17x	-2.08x	-1.82x	-2.68x	-2.97x
Interest Coverage	6.92x	12.14x	17.08x	11.34x	8.70x	8.02x	5.94x	5.71x	15.82x	8.06x
Total Equity+	9.43B	10.05B	10.96B	11.15B	11.57B	11.83B	11.62B	11.84B	12.18B	12.3B
Equity Growth %	0.03%	0.07%	0.09%	0.02%	0.04%	0.02%	-0.02%	0.02%	0.03%	0.01%
Book Value per Share	243.59	251.24	268.91	272.83	283.26	289.60	284.28	289.66	298.00	312.76
Total Shareholders' Equity	7.24B	7.74B	8.33B	8.4B	8.77B	9.01B	8.86B	9.01B	9.23B	9.16B
Common Stock	1.96B	2.06B	2.08B	2.08B	2.08B	2.08B	2.08B	2.08B	2.08B	2.08B
Retained Earnings	5.31B	5.66B	6.3B	6.39B	6.76B	7.06B	6.89B	7B	7.2B	6.98B
Treasury Stock	0	0	0	0	0	0	0	0	0	-285.56M
Accumulated OCI	-27.28M	19.39M	-44.02M	-80.24M	-74.72M	-130.66M	-110.09M	-69.19M	-56.89M	425.71M
Minority Interest	2.19B	2.32B	2.63B	2.75B	2.81B	2.82B	2.76B	2.83B	2.95B	3.13B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.69B	2.28B	1.42B	670.6M	1.58B	1.42B	504.56M	-119.42M	1.23B	779.42M
Operating CF Margin %	0.12%	0.17%	0.09%	0.04%	0.09%	0.07%	0.02%	-0.01%	0.07%	0.04%
Operating CF Growth %	2.15%	0.35%	-0.38%	-0.53%	1.36%	-0.11%	-0.64%	-1.24%	11.27%	-0.36%
Net Income	341.11M	525.18M	888.81M	695.27M	604.91M	548.9M	272.67M	218.58M	571.35M	620.54M
Depreciation & Amortization	456M	465.34M	431.81M	421.16M	465.21M	494.61M	573.6M	624.69M	665.07M	714.83M
Stock-Based Compensation	10.28M	5.3M	1.59M	0	0	0	0	0	0	7.83M
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	10.59M	1.1B	913.89M	4.5M	1.34B	2.3B	-901.15M	-1.14B	-363.2M	754.68M
Working Capital Changes	868.75M	177.49M	-815.94M	-450.33M	-829.14M	-1.93B	559.43M	178.44M	352.82M	-1.32B
Change in Receivables	700.57M	122.19M	81.5M	-497.86M	-514.23M	-238.65M	1.3B	-7.44M	-959.98M	-1.25B
Change in Inventory	168.18M	55.3M	-897.44M	47.53M	-314.9M	-1.69B	-740.84M	185.88M	221.93M	-67.62M
Change in Payables	-495.82M	774.13M	0	0	0	0	0	0	0	0
Cash from Investing+	-25.5M	-572.03M	76.57M	-79.99M	-810.48M	-785.75M	-738.85M	-133.05M	-113.26M	113.1M
Capital Expenditures	-397.82M	-351.47M	-289.47M	-407.75M	-749.09M	-584.68M	-572.05M	-430.97M	-237.84M	-360.19M
CapEx % of Revenue	0.03%	0.03%	0.02%	0.03%	0.04%	0.03%	0.03%	0.03%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	394.82M	-211.48M	374.32M	327.75M	-215.78M	-195.74M	-75.95M	173.72M	208.92M	183.01M
Cash from Financing+	-485.54M	-1.55B	280.86M	-449.52M	-589.43M	-461.83M	-838.56M	-140.37M	-33.74M	-526.63M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-142.01M	-118.19M	-235.95M	-597.46M	-238.76M	-245.87M	-448.71M	-109.68M	-80.24M	-101.65M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-104.97M	101.81M	-204.25M	-240.6M	-342.29M	-354.32M	-339.73M	-144.52M	-111.26M	-68.89M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	1.29B	1.92B	1.13B	262.85M	833.93M	830.69M	-67.49M	-550.38M	988.2M	234.18M
FCF Margin %	0.09%	0.14%	0.07%	0.02%	0.05%	0.04%	-0%	-0.03%	0.05%	0.01%
FCF Growth %	11.29%	0.49%	-0.41%	-0.77%	2.17%	-0%	-1.08%	-7.15%	2.8%	-0.76%
FCF per Share	33.29	48.10	27.74	6.43	20.41	20.33	-1.65	-13.47	24.19	5.95
FCF Conversion (FCF/Net Income)	4.94x	4.41x	1.49x	0.96x	2.62x	2.58x	1.85x	-0.55x	4.29x	2.41x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.67%	5.29%	9.08%	6.29%	5.32%	4.69%	2.33%	1.86%	2.38%	2.64%
Return on Invested Capital (ROIC)	6.88%	9.23%	17.74%	13%	11.08%	10.99%	5.75%	4.13%	4.81%	5.04%
Gross Margin	20.36%	21.81%	20.85%	19.2%	17.28%	15.52%	13%	13.66%	16.2%	14.73%
Net Margin	2.48%	3.78%	5.89%	4.28%	3.36%	2.67%	1.28%	1.36%	1.58%	1.69%
Debt / Equity	0.26x	0.09x	0.15x	0.18x	0.18x	0.19x	0.19x	0.20x	0.21x	0.21x
Interest Coverage	6.92x	12.14x	17.08x	11.34x	8.70x	8.02x	5.94x	5.71x	15.82x	8.06x
FCF Conversion	4.94x	4.41x	1.49x	0.96x	2.62x	2.58x	1.85x	-0.55x	4.29x	2.41x
Revenue Growth	-16.44%	-0.66%	18.72%	0.4%	10.78%	14.24%	3.33%	-24.62%	12.57%	6.02%

Revenue by Geography

	2018
CHINA	16.12B
CHINA Growth	-

Frequently Asked Questions

Valuation & Price

China Yuchai International Limited (CYD) has a price-to-earnings (P/E) ratio of 5.3x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

China Yuchai International Limited (CYD) reported $19.13B in revenue for fiscal year 2024. This represents a 24% increase from $15.44B in 2011.

China Yuchai International Limited (CYD) grew revenue by 6.0% over the past year. This is steady growth.

Yes, China Yuchai International Limited (CYD) is profitable, generating $323.1M in net income for fiscal year 2024 (1.7% net margin).

Dividend & Returns

Yes, China Yuchai International Limited (CYD) pays a dividend with a yield of 6.00%. This makes it attractive for income-focused investors.

China Yuchai International Limited (CYD) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

China Yuchai International Limited (CYD) generated $234.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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