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China Yuchai International
(NYSE:CYD)
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Rating:69Neutral
Price Target:
$52.00
▲(15.38% Upside)
Action:Reiterated
Date:05/22/26
Overall score is driven primarily by improving financial performance (2025 rebound, stronger cash generation, manageable leverage). Technicals are supportive but tempered by overbought signals, valuation is reasonable, and earnings-call commentary is constructive but held back by policy uncertainty and cost/working-capital headwinds.
Positive Factors
Revenue & Unit Growth
Sustained top-line and unit growth in 2025 reflects broad-based recovery and deeper penetration across commercial vehicle and power-generation markets. Higher volumes underpin scale economies, support aftermarket parts and service revenue, and create a firmer structural base for margins and cash conversion over coming quarters.
Negative Factors
Structurally Thin Returns
Despite recent margin improvement, historically low ROE and structurally thin margins limit long-term capital returns and indicate the business remains sensitive to cyclical demand and input-cost swings. This constrains shareholder upside and increases reliance on volume growth to drive meaningful profitability gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Unit Growth
Sustained top-line and unit growth in 2025 reflects broad-based recovery and deeper penetration across commercial vehicle and power-generation markets. Higher volumes underpin scale economies, support aftermarket parts and service revenue, and create a firmer structural base for margins and cash conversion over coming quarters.
Read all positive factors
China Yuchai International (CYD) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.77B
Dividend Yield1.84%
Average Volume (3M)182.65K
Price to Earnings (P/E)34.0
Beta (1Y)1.10
Revenue Growth33.83%
EPS Growth79.20%
CountryUS
Employees9,189
SectorConsumer Cyclical
Sector Strength84
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)9.35
Shares Outstanding37,518,322
10 Day Avg. Volume111,509
30 Day Avg. Volume182,649
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)0.97
Price to Sales (P/S)0.39
P/FCF Ratio4.51
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$60.00Price Target Upside33.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)23.83
Revenue Forecast (FY)$27.87B
China Yuchai International Business Overview & Revenue Model
Company Description
China Yuchai International Limited, a company established in 1951 and headquartered in Singapore, operates globally through its Yuchai and HLGE segments. This entity and its subsidiaries specialize in the production, assembly, and distribution of ...
How the Company Makes Money
The company primarily makes money by selling engines and engine-related products through its operating subsidiary, Guangxi Yuchai Machinery Company Limited. The core revenue stream is the sale of complete engines to original equipment manufacturer...
China Yuchai International Earnings Call Summary
Earnings Call Date:Feb 24, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 07, 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
70
Positive
Balance Sheet
74
Positive
Cash Flow
68
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 23.99B | 19.13B | 18.05B | 16.03B | 21.27B |
| Gross Profit | 3.96B | 2.82B | 2.92B | 2.19B | 2.77B |
| EBITDA | 1.91B | 1.17B | 1.33B | 1.11B | 1.14B |
| Net Income | 522.75M | 323.06M | 285.52M | 218.58M | 272.67M |
Balance Sheet | |||||
| Total Assets | 31.96B | 27.05B | 25.76B | 24.14B | 24.91B |
| Cash, Cash Equivalents and Short-Term Investments | 7.85B | 6.31B | 6.01B | 4.80B | 5.15B |
| Total Debt | 2.10B | 2.57B | 2.59B | 2.40B | 2.24B |
| Total Liabilities | 19.06B | 14.75B | 13.58B | 12.30B | 13.29B |
| Stockholders Equity | 9.58B | 9.16B | 9.23B | 9.01B | 8.86B |
Cash Flow | |||||
| Free Cash Flow | 2.07B | 234.18M | 988.20M | -550.38M | -67.49M |
| Operating Cash Flow | 2.72B | 779.42M | 1.23B | -119.42M | 504.56M |
| Investing Cash Flow | -274.36M | 113.10M | -113.26M | -133.05M | -738.85M |
| Financing Cash Flow | -828.03M | -526.63M | -33.74M | -140.37M | -838.56M |
China Yuchai International Technical Analysis
Positive
45.07
Price Trends
48.87
Negative
45.27
Positive
42.55
Positive
Market Momentum
-0.83
Negative
46.55
Neutral
69.72
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 45.07 is below the 20-day moving average (MA) of 45.44, below the 50-day MA of 48.87, and above the 200-day MA of 42.55, indicating a neutral trend. The MACD of -0.83 indicates Negative momentum. The RSI at 46.55 is Neutral, neither overbought nor oversold. The STOCH value of 69.72 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $87.51B | 32.76 | 22.02% | 1.20% | 0.06% | -4.25% | |
76 Outperform | $6.63B | 152.39 | 2.83% | 0.38% | 10.21% | -48.98% | |
69 Neutral | $1.77B | 34.02 | 3.70% | 1.93% | 33.83% | 79.20% | |
65 Neutral | $6.04B | -15.79 | -14.35% | ― | -4.89% | -179.82% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $7.21B | 42.87 | 3.78% | 0.29% | 78.19% | ― | |
58 Neutral | $11.60B | 44.70 | 9.54% | ― | 0.61% | -27.77% |
* Consumer Cyclical Sector Average
CYD
China Yuchai International
47.16
25.01
112.91%
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JBTM
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138.47
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3.84%
MIDD
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133.58
19.51
17.10%
China Yuchai International Corporate Events
China Yuchai International Sets August 7 Release for First-Half 2026 Results
Jul 24, 2026
China Yuchai International announced on July 24, 2026 that it will release its unaudited financial results for the first half of 2026 on August 7, 2026 before U.S. markets open. The disclosure will be accompanied by an earnings conference call and...
China Yuchai Sets August 6 AGM to Approve 2025 Results, Board Fees and Director Slate
Jul 7, 2026
China Yuchai International Limited has called its Annual General Meeting for August 6, 2026, in Singapore, inviting shareholders of record as of June 18, 2026 to participate in key governance decisions. The agenda includes receiving and adopting t...
China Yuchai International Declares US$0.87 Per Share Dividend for FY2025
Jul 2, 2026
China Yuchai International Limited, a NYSE-listed manufacturer of powertrain solutions through its Guangxi Yuchai Machinery subsidiary, is a major player in China’s engine industry. It produces a wide range of light-, medium-, and heavy-duty...
China Yuchai Subsidiary Launches Equity Incentive Plan for New Intelligent Manufacturing Unit
May 19, 2026
On May 19, 2026, China Yuchai International announced that its newly formed subsidiary, Guangxi Yuchai Intelligent Manufacturing Technology Co., Ltd., has adopted an equity incentive plan to support its launch. Yuchai IMT, incorporated in May 2026...
China Yuchai Launches First Pure Ammonia Engine for Heavy-Duty Trucks
May 14, 2026
On May 14, 2026, China Yuchai International unveiled its first high-pressure, direct-injection pure ammonia internal combustion engine for heavy-duty commercial vehicles, marking a major step in its low- and zero-carbon power research. The engine ...
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.