(CYD) China Yuchai International - Overview
Stock: Diesel Engines, Natural Gas Engines, Hybrid Systems, Engine Parts
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.43% |
| Yield on Cost 5y | 3.78% |
| Yield CAGR 5y | -25.28% |
| Payout Consistency | 68.0% |
| Payout Ratio | 4.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 58.0% |
| Relative Tail Risk | -13.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.39 |
| Alpha | 359.44 |
| Character TTM | |
|---|---|
| Beta | 0.544 |
| Beta Downside | 1.308 |
| Drawdowns 3y | |
|---|---|
| Max DD | 44.46% |
| CAGR/Max DD | 1.85 |
Description: CYD China Yuchai International January 20, 2026
China Yuchai International Limited (NYSE:CYD) designs, manufactures and sells diesel and natural-gas engines for a broad range of applications-including trucks, buses, construction equipment, marine vessels and power generation. The business is split into two segments: the Yuchai segment, which produces on- and off-road powertrain solutions, and the HLGE segment, which focuses on hospitality and property development.
Yuchai’s product line spans 4- and 6-cylinder diesel engines, high-horsepower marine diesels, natural-gas, hydrogen, methanol and plug-in hybrid power units, as well as fuel-cell systems and related after-sales services such as repair, retrofitting and remanufacturing. Engines are sold directly to original equipment manufacturers (OEMs), through agents and to retailers both in China and overseas.
**Key data points (as of FY 2023):**
• Revenue of roughly **US $1.2 billion**, with a net profit margin of **≈5 %** (down 1 ppt YoY due to higher raw-material costs).
• Yuchai held an estimated **10 % share** of China’s heavy-duty diesel-engine market, according to industry surveys.
• The company’s exposure to China’s **2025 Tier 6 emission standards** is a double-edged driver: it pressures legacy diesel sales but creates upside for its natural-gas and hydrogen offerings, which grew **≈18 % YoY** in shipments.
These figures suggest that macro-economic trends-namely continued government infrastructure spending and tightening environmental regulations-are central to CYD’s near-term earnings outlook.
For a deeper quantitative view, see the ValueRay analysis of CYD.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 307.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -2.97 > 1.0 |
| NWC/Revenue: 36.19% < 20% (prev 44.49%; Δ -8.30% < -1%) |
| CFO/TA 0.03 > 3% & CFO 779.4m > Net Income 307.0m |
| Net Debt (-3.74b) to EBITDA (1.18b): -3.17 < 3 |
| Current Ratio: 1.55 > 1.5 & < 3 |
| Outstanding Shares: last quarter (37.5m) vs 12m ago -8.17% < -2% |
| Gross Margin: 12.66% > 18% (prev 0.16%; Δ 1250 % > 0.5%) |
| Asset Turnover: 76.29% > 50% (prev 62.00%; Δ 14.29% > 0%) |
| Interest Coverage Ratio: 10.37 > 6 (EBITDA TTM 1.18b / Interest Expense TTM 53.2m) |
Altman Z'' 3.43
| A: 0.27 (Total Current Assets 20.52b - Total Current Liabilities 13.23b) / Total Assets 27.05b |
| B: 0.26 (Retained Earnings 6.98b / Total Assets 27.05b) |
| C: 0.02 (EBIT TTM 551.0m / Avg Total Assets 26.40b) |
| D: 0.64 (Book Value of Equity 9.49b / Total Liabilities 14.75b) |
| Altman-Z'' Score: 3.43 = A |
Beneish M -2.61
| DSRI: 0.99 (Receivables 12.75b/10.17b, Revenue 20.14b/15.97b) |
| GMI: 1.29 (GM 12.66% / 16.37%) |
| AQI: 0.97 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 1.26 (Revenue 20.14b / 15.97b) |
| TATA: -0.02 (NI 307.0m - CFO 779.4m) / TA 27.05b) |
| Beneish M-Score: -2.61 (Cap -4..+1) = A |
What is the price of CYD shares?
Over the past week, the price has changed by +10.18%, over one month by +31.58%, over three months by +29.47% and over the past year by +370.26%.
Is CYD a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CYD price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 43.3 | -13.4% |
| Analysts Target Price | 43.3 | -13.4% |
| ValueRay Target Price | 63.5 | 27.1% |
CYD Fundamental Data Overview February 02, 2026
P/E Trailing = 26.3837
P/E Forward = 17.3913
P/S = 0.0752
P/B = 1.2767
P/EG = 0.3317
Revenue TTM = 20.14b CNY
EBIT TTM = 551.0m CNY
EBITDA TTM = 1.18b CNY
Long Term Debt = 638.0m CNY (from longTermDebt, last fiscal year)
Short Term Debt = 1.90b CNY (from shortTermDebt, last fiscal year)
Debt = 2.57b CNY (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -3.74b CNY (from netDebt column, last fiscal year)
Enterprise Value = 8.08b CNY (11.82b + Debt 2.57b - CCE 6.31b)
Interest Coverage Ratio = 10.37 (Ebit TTM 551.0m / Interest Expense TTM 53.2m)
EV/FCF = 34.50x (Enterprise Value 8.08b / FCF TTM 234.2m)
FCF Yield = 2.90% (FCF TTM 234.2m / Enterprise Value 8.08b)
FCF Margin = 1.16% (FCF TTM 234.2m / Revenue TTM 20.14b)
Net Margin = 1.52% (Net Income TTM 307.0m / Revenue TTM 20.14b)
Gross Margin = 12.66% ((Revenue TTM 20.14b - Cost of Revenue TTM 17.59b) / Revenue TTM)
Gross Margin QoQ = 13.32% (prev 12.32%)
Tobins Q-Ratio = 0.30 (Enterprise Value 8.08b / Total Assets 27.05b)
Interest Expense / Debt = 0.63% (Interest Expense 16.1m / Debt 2.57b)
Taxrate = 17.85% (58.1m / 325.5m)
NOPAT = 452.7m (EBIT 551.0m * (1 - 17.85%))
Current Ratio = 1.55 (Total Current Assets 20.52b / Total Current Liabilities 13.23b)
Debt / Equity = 0.27 (Debt 2.57b / totalStockholderEquity, last quarter 9.40b)
Debt / EBITDA = -3.17 (Net Debt -3.74b / EBITDA 1.18b)
Debt / FCF = -15.97 (Net Debt -3.74b / FCF TTM 234.2m)
Total Stockholder Equity = 9.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.16% (Net Income 307.0m / Total Assets 27.05b)
RoE = 3.33% (Net Income TTM 307.0m / Total Stockholder Equity 9.22b)
RoCE = 5.59% (EBIT 551.0m / Capital Employed (Equity 9.22b + L.T.Debt 638.0m))
RoIC = 4.30% (NOPAT 452.7m / Invested Capital 10.54b)
WACC = 6.60% (E(11.82b)/V(14.39b) * Re(7.92%) + D(2.57b)/V(14.39b) * Rd(0.63%) * (1-Tc(0.18)))
Discount Rate = 7.92% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -4.17%
[DCF Debug] Terminal Value 77.09% ; FCFF base≈535.8m ; Y1≈351.7m ; Y5≈160.5m
Fair Price DCF = 211.9 (EV 4.21b - Net Debt -3.74b = Equity 7.95b / Shares 37.5m; r=6.60% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 44.05 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: -7.63 | Revenue CAGR: 13.32% | SUE: -0.17 | # QB: 0
EPS next Year (2026-12-31): EPS=17.39 | Chg30d=+1.474 | Revisions Net=+1 | Growth EPS=+9.2% | Growth Revenue=+6.7%