China Yuchai International (CYD)
NYSE:CYD
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China Yuchai International
(NYSE:CYD)
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Rating:60Neutral
Price Target:
$48.00
▲(35.90% Upside)
Action:ReiteratedDate:10/25/25
The overall stock score of 60 reflects a balanced financial performance with a strong balance sheet and moderate revenue growth. However, thin profit margins and declining free cash flow growth present challenges. Technical analysis shows mixed momentum, and the valuation indicates moderate pricing with limited dividend yield. The absence of earnings call data and corporate events did not impact the score.
Positive Factors
Low leverage / strong balance sheet
Sustained low leverage provides financial flexibility to fund R&D, capex, or strategic deals without large interest burdens. This durability reduces solvency risk in cyclical downturns and supports long-term investment in product development and market expansion.
Negative Factors
Very thin net profit margins
Persistently low margins provide limited buffers against cost inflation, commodity swings, or demand slowdowns. Thin profitability constrains retained earnings for reinvestment, limits ability to scale operating leverage, and increases sensitivity to cyclical pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Sustained low leverage provides financial flexibility to fund R&D, capex, or strategic deals without large interest burdens. This durability reduces solvency risk in cyclical downturns and supports long-term investment in product development and market expansion.
Read all positive factors
China Yuchai International (CYD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.57B
Dividend Yield1.48%
Average Volume (3M)136.27K
Price to Earnings (P/E)17.8
Beta (1Y)0.96
Revenue Growth33.83%
EPS Growth79.20%
CountryUS
Employees8,930
SectorConsumer Cyclical
Sector Strength84
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.67
Shares Outstanding37,518,322
10 Day Avg. Volume106,306
30 Day Avg. Volume136,274
Financial Highlights & Ratios
PEG Ratio0.49
Price to Book (P/B)0.30
Price to Sales (P/S)0.14
P/FCF Ratio11.69
Enterprise Value/Market Cap2.95
Enterprise Value/Revenue0.29
Enterprise Value/Gross Profit2.30
Enterprise Value/Ebitda4.89
Forecast
1Y Price Target
$55.00Price Target Upside55.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)19.64
Revenue Forecast (FY)$28.11B
China Yuchai International Business Overview & Revenue Model
Company Description
China 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 ...
How the Company Makes Money
China Yuchai International generates revenue primarily through the manufacturing and sale of diesel engines and related products. The company benefits from multiple revenue streams, including the sales of engines for commercial vehicles, component...
China Yuchai International Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call highlights robust demand, substantial unit volume growth across core segments (notably heavy‑duty trucks and data center power generation), strong margin expansion, improved operating profit and cash position, and strategic investments to strengthen technology and global reach. Offsetting risks include reduced government grants, sharply higher R&D and related impairments, elevated tax charges (including deferred tax adjustments), working capital build and some JV supply constraints. Management remains cautiously optimistic but refrained from firm 2026 guidance due to policy uncertainty.Positive Updates
Strong Revenue Growth (Second Half)
Revenue for 2H2025 increased 33.5% year-over-year to RMB 11.8 billion (USD 1.7 billion), driving higher scale and improved profitability in the period.
Negative Updates
Decline in Other Operating Income
Other operating income fell substantially: down 44.1% in 2H to RMB 224.5 million and down 22.5% for FY to RMB 445.9 million, primarily due to lower government grants and reduced bank interest income.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth (Second Half)
Revenue for 2H2025 increased 33.5% year-over-year to RMB 11.8 billion (USD 1.7 billion), driving higher scale and improved profitability in the period.
Read all positive updates
Company Guidance
Management declined to give firm 2026 guidance due to policy uncertainty but gave directional guidance: they expect data‑center engine demand to grow by "double digits" in 2026 while non‑data‑center sales are likely to be roughly flat absent new government replacement incentives, and high‑horsepower (HPP) engine sales are expected to rise year‑over‑year (no precise percentage provided). Capacity expansion is underway to meet the anticipated demand, typical delivery/backlog remains about 3–4 months, Yuchai‑branded HPP exports are roughly 10% (mainly Asia) while the MTU JV sees about 20–25% exports, and R&D will continue to focus on new‑energy solutions (hydrogen, methanol, ammonia combustion and fuel cells) and National VII readiness (expected in ~2–3 years) after total 2025 R&D spend of RMB 1.5 billion (USD 217.1 million), which was 6.2% of FY2025 revenue (8.3% of H2 revenue).China Yuchai International Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.73B | 19.13B | 18.05B | 16.03B | 21.27B | 20.58B |
| Gross Profit | 2.01B | 2.82B | 2.92B | 2.19B | 2.77B | 3.19B |
| EBITDA | 946.53M | 1.17B | 1.33B | 1.11B | 1.14B | 1.61B |
| Net Income | 265.62M | 323.06M | 285.52M | 218.58M | 272.67M | 548.90M |
Balance Sheet | ||||||
| Total Assets | 25.27B | 27.05B | 25.76B | 24.14B | 24.91B | 26.29B |
| Cash, Cash Equivalents and Short-Term Investments | 7.83B | 6.31B | 6.01B | 4.80B | 5.15B | 6.14B |
| Total Debt | 2.18B | 2.57B | 2.59B | 2.40B | 2.24B | 2.27B |
| Total Liabilities | 14.09B | 14.75B | 13.58B | 12.30B | 13.29B | 14.46B |
| Stockholders Equity | 9.40B | 9.16B | 9.23B | 9.01B | 8.86B | 9.01B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 234.18M | 988.20M | -550.38M | -67.49M | 830.69M |
| Operating Cash Flow | 0.00 | 779.42M | 1.23B | -119.42M | 504.56M | 1.42B |
| Investing Cash Flow | 0.00 | 113.10M | -113.26M | -133.05M | -738.85M | -785.75M |
| Financing Cash Flow | 0.00 | -526.63M | -33.74M | -140.37M | -838.56M | -461.83M |
China Yuchai International Technical Analysis
Positive
35.32
Price Trends
44.43
Negative
41.78
Positive
37.33
Positive
Market Momentum
0.05
Negative
55.14
Neutral
49.36
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CYD, the sentiment is Positive. The current price of 35.32 is below the 20-day moving average (MA) of 40.58, below the 50-day MA of 44.43, and below the 200-day MA of 37.33, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 55.14 is Neutral, neither overbought nor oversold. The STOCH value of 49.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CYD.
China Yuchai International Risk Analysis
China Yuchai International disclosed 33 risk factors in its most recent earnings report. China Yuchai International reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
China Yuchai International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $6.19B | 111.03 | 2.69% | 0.56% | 9.02% | -34.29% | |
67 Neutral | $91.30B | 24.76 | 24.13% | 1.48% | -1.27% | -27.23% | |
65 Neutral | $12.93B | 50.02 | 6.19% | ― | -2.02% | -50.23% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $1.57B | 17.82 | 3.78% | 1.48% | 33.83% | 79.20% | |
58 Neutral | $6.87B | -155.15 | -1.16% | 0.26% | 120.00% | -137.19% | |
53 Neutral | $6.65B | -28.04 | -8.50% | ― | -3.67% | -171.21% |
* Consumer Cyclical Sector Average
CYD
China Yuchai International
40.77
25.95
175.03%
CMI
Cummins
642.45
353.97
122.70%
NPO
Enpro
287.98
139.44
93.87%
GNRC
Generac Holdings
217.12
102.74
89.82%
JBTM
JBT Marel
129.08
24.13
22.99%
MIDD
The Middleby
141.86
8.51
6.38%
China Yuchai International Corporate Events
China Yuchai’s Marine Power Unit Files for Potential Hong Kong Main Board Listing
Jan 27, 2026
On January 27, 2026, China Yuchai International announced that its indirect subsidiary Guangxi Yuchai Marine and Genset Power Co., Ltd. has filed a listing application with the Hong Kong Stock Exchange for a potential listing of its shares on the ...
China Yuchai Takes Control Stake in Fuel Injection Specialist NYDK to Bolster Powertrain Supply Chain
Jan 12, 2026
On January 12, 2026, China Yuchai announced that its subsidiary Yuchai acquired 83,918,495 shares in Nanyue Diankong (Hengyang) Industrial Technology, equal to a 27.97% equity stake, for about RMB 176.2 million in cash, making Yuchai the second-la...
China Yuchai Adds Veteran Executive Jiang Fei to Board of Directors
Dec 23, 2025
On December 23, 2025, China Yuchai International announced that its board had appointed Jiang Fei as a director of the company with immediate effect, expanding the board to nine members, including three independent directors. Jiang brings more tha...
China Yuchai Boosts Stake in HL Global Enterprises
Nov 4, 2025
On November 4, 2025, China Yuchai International Limited announced that its subsidiary, Grace Star Services Ltd., increased its shareholding in HL Global Enterprises Limited from 48.90% to 49.11% by acquiring 200,000 shares. This strategic move enh...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.