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MingZhu Logistics Holdings Limited (YGMZ) 10-Year Financial Performance & Capital Metrics

YGMZ • • Industrial / General
IndustrialsTruckingTruckload CarriersGeneral Truckload Carriers
AboutMingZhu Logistics Holdings Limited, through its subsidiaries, provides trucking and delivery services using its truckload fleet and subcontractors in the People's Republic of China. The company serves sizeable logistics companies, freight forwarders, and warehouse operators. As of December 31, 2021, it operated a truckload fleet with 102 tractors and 76 trailers. MingZhu Logistics Holdings Limited was founded was founded in 2002 and is headquartered in Shenzhen, the People's Republic of China.Show more
  • Revenue $40M -54.6%
  • EBITDA -$3M -287.0%
  • Net Income -$6M +35.4%
  • EPS (Diluted) -1.15 +61.4%
  • Gross Margin 1.96% -43.2%
  • EBITDA Margin -7.99% -511.6%
  • Operating Margin -9.98% -1146.2%
  • Net Margin -15.3% -42.2%
  • ROE -13.86% +33.0%
  • ROIC -5.55% -601.7%
  • Debt/Equity 0.08 -81.9%
  • Interest Coverage -10.93 -680.0%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 0 (bottom 0%)
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 68.1% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y6.57%
3Y32.55%
TTM-65.11%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-206.87%

EPS CAGR

10Y-
5Y-
3Y-
TTM-2069.58%

ROCE

10Y Avg14.57%
5Y Avg-0.03%
3Y Avg-2.53%
Latest-8.96%

Peer Comparison

General Truckload Carriers
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Size & Scale
Valuation
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Growth
Profitability
Quality & Returns
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
KNXKnight-Swift Transportation Holdings Inc.9.34B57.5178.783.76%1.9%2%0.40
WERNWerner Enterprises, Inc.2.01B33.5460.98-7.71%0.85%1.77%0.47
YGMZMingZhu Logistics Holdings Limited23.08K0.00-0.00-54.57%-15.3%-13.83%0.08
PAMTPamt Corp.252.58M12.07-8.27-11.86%-7.16%-19.16%1.17
HTLDHeartland Express, Inc.826.37M10.67-28.08-13.25%-3.85%-4.56%4.21%0.25

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+20.62M27.65M29.41M18.79M17.36M63.52M89M40.43M
Revenue Growth %-0.34%0.06%-0.36%-0.08%2.66%0.4%-0.55%
Cost of Goods Sold+16.81M22.4M25.36M16.01M15.43M104.77M85.93M39.64M
COGS % of Revenue0.82%0.81%0.86%0.85%0.89%1.65%0.97%0.98%
Gross Profit+3.81M5.25M4.05M2.78M-120.17K2.72M3.07M792.8K
Gross Margin %0.18%0.19%0.14%0.15%-0.01%0.04%0.03%0.02%
Gross Profit Growth %-0.38%-0.23%-0.31%-1.04%23.6%0.13%-0.74%
Operating Expenses+1.49M1.21M1.38M1.37M367.63K2.82M2.23M4.83M
OpEx % of Revenue0.07%0.04%0.05%0.07%0.02%0.04%0.03%0.12%
Selling, General & Admin1.49M1.21M1.38M1.37M2.42M6.43M2.23M4.83M
SG&A % of Revenue0.07%0.04%0.05%0.07%0.14%0.1%0.03%0.12%
Research & Development00000000
R&D % of Revenue--------
Other Operating Expenses0000-2.05M-3.62M00
Operating Income+2.32M4.03M2.68M1.41M-487.8K-100.05K848.9K-4.03M
Operating Margin %0.11%0.15%0.09%0.08%-0.03%-0%0.01%-0.1%
Operating Income Growth %-0.74%-0.34%-0.47%-1.35%0.79%9.48%-5.75%
EBITDA+3.57M5.41M4.04M2.93M950.51K2.09M1.73M-3.23M
EBITDA Margin %0.17%0.2%0.14%0.16%0.05%0.03%0.02%-0.08%
EBITDA Growth %-0.52%-0.25%-0.27%-0.68%1.2%-0.17%-2.87%
D&A (Non-Cash Add-back)1.25M1.37M1.37M1.52M1.44M2.19M878.57K804.92K
EBIT2.22M4.22M2.68M1.52M-406.81K957.15K1.08M-5.78M
Net Interest Income+-289.97K-355.33K-370.68K-374.05K-396.19K-789.31K-450.32K-369.01K
Interest Income00000000
Interest Expense289.97K355.33K370.68K374.05K396.19K789.31K450.32K369.01K
Other Income/Expense-391.12K-173.85K-211.02K-263.07K-315.19K267.89K-215.24K-2.12M
Pretax Income+1.93M3.86M2.46M1.15M-803K167.84K633.66K-6.15M
Pretax Margin %0.09%0.14%0.08%0.06%-0.05%0%0.01%-0.15%
Income Tax+688.26K1.01M821.25K366.44K135.41K226.17K268.57K34.41K
Effective Tax Rate %0.64%0.74%0.67%0.68%1.17%11.3%-15.12%1.01%
Net Income+1.24M2.85M1.64M782.3K-938.41K1.9M-9.58M-6.19M
Net Margin %0.06%0.1%0.06%0.04%-0.05%0.03%-0.11%-0.15%
Net Income Growth %-1.31%-0.42%-0.52%-2.2%3.02%-6.05%0.35%
Net Income (Continuing)1.24M2.85M1.64M782.3K-938.41K-58.33K365.09K-6.19M
Discontinued Operations000001.95M-9.94M0
Minority Interest00000000
EPS (Diluted)+0.100.240.130.08-0.050.09-2.98-1.15
EPS Growth %-1.4%-0.46%-0.38%-1.61%2.8%-34.67%0.61%
EPS (Basic)0.100.240.130.08-0.050.09-0.61-1.14
Diluted Shares Outstanding12M12M12.45M9.63M19.04M21.43M3.21M5.4M
Basic Shares Outstanding12M12M12.45M9.63M19.04M21.43M15.8M5.42M
Dividend Payout Ratio0.35%1.27%------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+11.47M10.57M15.43M30.2M39.61M66.25M83.84M44.97M
Cash & Short-Term Investments352.75K648.1K223.51K2.11M5.75M3.85M3.68M698.24K
Cash Only352.75K648.1K223.51K2.11M5.75M5.69M3.68M698.24K
Short-Term Investments00000000
Accounts Receivable9.51M7.89M13.27M17.53M4.76M45.11M62.9M31.8M
Days Sales Outstanding168.46104.13164.67340.51100.14259.24257.97287.1
Inventory173.51K4.02K104.79K370.85K184K1.11M71.31K0
Days Inventory Outstanding3.770.071.518.454.353.870.3-
Other Current Assets0160.21K-104.79K9.13M23.44M9.14M-71.31K0
Total Non-Current Assets+5.83M5.32M4.96M3.74M36.75M45.21M43.51M45.36M
Property, Plant & Equipment5.43M4.99M4.6M3.45M12.22M9.07M1.46M729.15K
Fixed Asset Turnover3.80x5.54x6.40x5.45x1.42x7.00x60.84x55.45x
Goodwill000014.16M33.24M41.11M41.11M
Intangible Assets00000000
Long-Term Investments5.51M847.09K847.09K847.09K847.09K847.09K847.09K501.15K
Other Non-Current Assets367.6K304.61K344.97K261.99K9.48M1.81M-12.78K2.9M
Total Assets+17.3M15.88M20.39M33.94M82.35M111.46M127.35M90.33M
Asset Turnover1.19x1.74x1.44x0.55x0.21x0.57x0.70x0.45x
Asset Growth %--0.08%0.28%0.66%1.43%0.35%0.14%-0.29%
Total Current Liabilities+11.62M5.52M9.84M12.5M34.3M47.79M82.68M44.98M
Accounts Payable1.71M845.09K1.57M1.42M1.34M6.93M18.43M4.55M
Days Payables Outstanding37.1213.7722.5432.2731.8124.1578.2941.87
Short-Term Debt3.84M1.39M3.99M6.79M7.99M9.94M20.26M3.12M
Deferred Revenue (Current)19.69K50.66K125.74K0153.4K1000K00
Other Current Liabilities3.36M549.17K832.5K3.95M22.01M23.73M34.86M0
Current Ratio0.99x1.92x1.57x2.42x1.15x1.39x1.01x1.00x
Quick Ratio0.97x1.91x1.56x2.39x1.15x1.36x1.01x1.00x
Cash Conversion Cycle135.1190.43143.65316.772.68238.96179.98-
Total Non-Current Liabilities+638.46K1.86M517.87K164.39K380.05K1.41M121.09K594.72K
Long-Term Debt01.13M355.93K136.4K179.34K253.35K121.09K594.72K
Capital Lease Obligations638.46K726.65K161.94K27.99K200.71K1.16M00
Deferred Tax Liabilities00000000
Other Non-Current Liabilities000001.16M00
Total Liabilities12.26M7.38M10.36M12.67M34.68M63.35M82.8M45.58M
Total Debt+5.63M3.99M5.22M7M10.64M11.41M20.39M3.71M
Net Debt5.27M3.34M5M4.9M4.89M7.09M16.71M3.01M
Debt / Equity1.12x0.47x0.52x0.33x0.22x0.24x0.46x0.08x
Debt / EBITDA1.58x0.74x1.29x2.39x11.19x5.45x11.80x-
Net Debt / EBITDA1.48x0.62x1.24x1.67x5.14x3.39x9.67x-
Interest Coverage7.99x11.35x7.22x3.77x-1.23x-0.13x1.89x-10.93x
Total Equity+5.04M8.51M10.03M21.27M47.67M48.1M44.56M44.75M
Equity Growth %-0.69%0.18%1.12%1.24%0.01%-0.07%0%
Book Value per Share0.420.710.812.212.502.2413.878.29
Total Shareholders' Equity5.04M8.51M10.03M21.27M47.67M48.1M44.56M44.75M
Common Stock9.25K9.25K9K12.35K19.13K22.96K27.53K53.43K
Retained Earnings2.25M4.82M6.24M6.91M5.93M7.7M4.9M-1.29M
Treasury Stock00000000
Accumulated OCI540.01K406.84K508.25K1.38M775.77K-512.97K-746.24K-1.03M
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+1.93M3.8M1.12M-890.21K-23.78M-3.95M-10.08M-2.59M
Operating CF Margin %0.09%0.14%0.04%-0.05%-1.37%-0.06%-0.11%-0.06%
Operating CF Growth %-0.96%-0.71%-1.8%-25.72%0.83%-1.55%0.74%
Net Income1.24M2.85M1.64M782.3K-938.41K1.9M365.09K-6.19M
Depreciation & Amortization1.25M1.37M1.37M1.52M1.44M3.84M878.57K804.92K
Stock-Based Compensation108.03K70.4K8.8K64.89K251.74K000
Deferred Taxes-25.61K3.01K2.45K-10.38K-2.83K-202.75K-115.59K0
Other Non-Cash Items103.48K217.93K176.39K124.4K55.64K1.71M1.66M5M
Working Capital Changes-738.47K-721.97K-2.08M-3.37M-24.59M-11.2M-12.87M-2.21M
Change in Receivables-3.16M-72.26K-3.65M5.84M1.63M-3.26M-18.21M11.95M
Change in Inventory669.88K166.64K4K00000
Change in Payables443.38K-803.36K741.83K-240.89K-874.84K4.21M11.12M-13.88M
Cash from Investing+506.45K-16.51K-917.29K-156.03K1.28M2.73M89.95K-580.36K
Capital Expenditures-101.35K-108.59K-917.29K-156.03K-199.48K-12.24K0-103.97K
CapEx % of Revenue0%0%0.03%0.01%0.01%0%0%0%
Acquisitions--------
Investments--------
Other Investing607.8K92.08K00024.91K89.95K24.76K
Cash from Financing+-2.7M-3.3M-788.77K12.31M16.66M793.26K8.55M491.08K
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid-439.48K-3.63M000000
Share Repurchases--------
Other Financing-1.17M-956.82K-84.07K175.92K-1.08M-2.6M-1.86M-669.64K
Net Change in Cash--------
Free Cash Flow+1.83M3.69M200.11K-1.05M-23.98M-3.97M-10.08M-2.7M
FCF Margin %0.09%0.13%0.01%-0.06%-1.38%-0.06%-0.11%-0.07%
FCF Growth %-1.01%-0.95%-6.23%-21.92%0.83%-1.54%0.73%
FCF per Share0.150.310.02-0.11-1.26-0.19-3.14-0.50
FCF Conversion (FCF/Net Income)1.56x1.33x0.68x-1.14x25.35x-2.09x1.05x0.42x
Interest Paid285.84K345.65K370.68K310.68K396.19K290.11K611.71K241.47K
Taxes Paid482.71K633.29K43.9K108.21K1.44M77.18K195.24K182.63K

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)24.56%42.15%17.73%5%-2.72%3.96%-20.68%-13.86%
Return on Invested Capital (ROIC)16.85%27.31%14.93%5.14%-0.93%-0.14%1.11%-5.55%
Gross Margin18.48%18.98%13.78%14.81%-0.69%4.28%3.45%1.96%
Net Margin6.01%10.33%5.59%4.16%-5.41%2.99%-10.76%-15.3%
Debt / Equity1.12x0.47x0.52x0.33x0.22x0.24x0.46x0.08x
Interest Coverage7.99x11.35x7.22x3.77x-1.23x-0.13x1.89x-10.93x
FCF Conversion1.56x1.33x0.68x-1.14x25.35x-2.09x1.05x0.42x
Revenue Growth-34.1%6.38%-36.1%-7.64%265.89%40.13%-54.57%

Frequently Asked Questions

Growth & Financials

MingZhu Logistics Holdings Limited (YGMZ) reported $40.4M in revenue for fiscal year 2024. This represents a 96% increase from $20.6M in 2017.

MingZhu Logistics Holdings Limited (YGMZ) saw revenue decline by 54.6% over the past year.

MingZhu Logistics Holdings Limited (YGMZ) reported a net loss of $6.2M for fiscal year 2024.

Dividend & Returns

MingZhu Logistics Holdings Limited (YGMZ) has a return on equity (ROE) of -13.9%. Negative ROE indicates the company is unprofitable.

MingZhu Logistics Holdings Limited (YGMZ) had negative free cash flow of $2.7M in fiscal year 2024, likely due to heavy capital investments.

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