China Yuchai International (CYD) AI Stock Analysis

• Market Cap: $1.82B
• Dividend Yield: 1.48%
• Average Volume (3M): 147.46K
• Price to Earnings (P/E): 29.6
• Beta (1Y): 0.82
• Revenue Growth: 18.01%
• EPS Growth: 39.01%
• Country: US
• Employees: 8,930
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Industrial - Machinery
• EPS (TTM): 1.41
• Shares Outstanding: 37,518,322
• 10 Day Avg. Volume: 167,809
• 30 Day Avg. Volume: 147,460
• PEG Ratio: 0.49
• Price to Book (P/B): 0.30
• Price to Sales (P/S): 0.14
• P/FCF Ratio: 11.69
• Enterprise Value/Market Cap: 4.81
• Enterprise Value/Revenue: 0.46
• Enterprise Value/Gross Profit: 3.11
• Enterprise Value/Ebitda: 7.20
• 1Y Price Target: $62.50
• Price Target Upside: 76.95% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 2.93
• Revenue Forecast (FY): $4.17B

• Rating: 60 Neutral
• Price Target: $48.00 ▲(35.90% Upside)

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.

Vertical integration via NYDK acquisition

Gaining control of a national high-tech fuel injection supplier strengthens supply-chain resilience and proprietary access to key powertrain technology. This vertical integration can improve component availability, lower input risk, and support product differentiation over the medium term.

Board appointment enhances governance continuity

Adding a long-tenured executive with deep institutional knowledge bolsters governance, compliance oversight, and strategic continuity. Strong board experience aids execution of complex initiatives like subsidiary listings and supply-chain integrations over several quarters.

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.

Declining free cash flow growth and weaker cash conversion

Reduced FCF conversion limits capacity to fund capex, R&D, dividends, or tuck-in M&A without external financing. Over time weaker cash generation undermines balance-sheet optionality and raises execution risk for strategic investments and subsidiary listings.

Revenue volatility risk despite moderate growth

Historical revenue fluctuations signal demand cyclicality in commercial vehicles and export channels. Such volatility complicates capacity planning, margin management, and predictable free cash flow, making multi-quarter planning and consistent margin expansion more challenging.

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 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.

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, components, and aftermarket parts, as well as service contracts for maintenance and support. Key revenue drivers include strong domestic demand in China for commercial vehicles and machinery, as well as export opportunities to international markets. Additionally, partnerships with vehicle manufacturers and collaborations in technology development enhance CYD's market position and contribute to its earnings. The company also focuses on research and development to innovate and improve engine efficiency, which helps in maintaining a competitive edge and driving sales.

China Yuchai International Financial Statement Overview

Summary

China Yuchai International demonstrates a balanced financial performance with a strong balance sheet backed by low leverage and stable equity. The income statement reflects moderate revenue growth and improving profitability, though margins remain relatively thin. Cash flow management is an area of concern, with declining free cash flow growth rates. Overall, the company maintains a stable financial position with potential for improvement in profitability and cash flow generation.

Income Statement

The income statement shows a moderate growth trajectory with a revenue increase of 6.03% from 2023 to 2024. Gross profit margin remains healthy at 14.73%, though slightly lower than the previous year. Net profit margin improved to 1.69% in 2024, indicating better profitability, yet still relatively low. The EBIT margin is consistent at 3.12%, and the EBITDA margin is 6.35%, demonstrating stable operational performance. However, revenue fluctuations in previous years highlight potential volatility risks.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 33.89%. The debt-to-equity ratio is low at 0.28, indicating minimal leverage and a healthy balance sheet structure. Return on equity improved to 3.52%, suggesting enhanced efficiency in generating returns on shareholders' investments. Overall, the balance sheet shows financial stability with limited debt exposure.

Cash Flow

Cash flow analysis indicates challenges in free cash flow growth, with a notable decrease compared to 2023. The operating cash flow to net income ratio is strong at 2.41, implying efficient cash generation relative to net profits. However, the free cash flow to net income ratio dropped to 0.72, highlighting potential constraints in cash availability for investments and dividends.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	19.13B	18.05B	16.03B	21.27B	20.58B
Gross Profit	2.82B	2.92B	2.19B	2.77B	3.19B
EBITDA	1.17B	1.33B	1.11B	1.14B	1.61B
Net Income	323.06M	285.52M	218.58M	272.67M	548.90M
Balance Sheet
Total Assets	27.05B	25.76B	24.14B	24.91B	26.29B
Cash, Cash Equivalents and Short-Term Investments	6.31B	6.01B	4.80B	5.15B	6.14B
Total Debt	2.57B	2.59B	2.40B	2.24B	2.27B
Total Liabilities	14.75B	13.58B	12.30B	13.29B	14.46B
Stockholders Equity	9.16B	9.23B	9.01B	8.86B	9.01B
Cash Flow
Free Cash Flow	234.18M	988.20M	-550.38M	-67.49M	830.69M
Operating Cash Flow	779.42M	1.23B	-119.42M	504.56M	1.42B
Investing Cash Flow	113.10M	-113.26M	-133.05M	-738.85M	-785.75M
Financing Cash Flow	-526.63M	-33.74M	-140.37M	-838.56M	-461.83M

China Yuchai International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 35.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 44.77, below the 50-day MA of 39.40, and above the 200-day MA of 30.87, indicating a bullish trend. The MACD of 2.45 indicates Negative momentum. The RSI at 69.36 is Neutral, neither overbought nor oversold. The STOCH value of 73.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CYD.

China Yuchai International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JBTM	73 Outperform	$8.60B	-72.80	-3.65%	0.26%	91.98%	-141.14%
CMI	67 Neutral	$83.60B	29.54	25.14%	1.48%	-1.78%	27.35%
NPO	64 Neutral	$5.33B	62.14	5.80%	0.56%	6.44%	101.24%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
CYD	60 Neutral	$1.82B	29.62	4.73%	1.48%	18.01%	39.01%
MIDD	60 Neutral	$7.97B	-35.60	-6.20%	―	0.27%	-159.24%
GNRC	59 Neutral	$10.40B	32.81	12.38%	―	5.52%	9.03%

China Yuchai International Corporate Events

China Yuchai’s Marine Power Unit Files for Potential Hong Kong Main Board Listing

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 Main Board. The proposed listing remains subject to HKEX and other regulatory reviews as well as market conditions, and the company stressed there is no assurance if or when the transaction will proceed, highlighting that the filing does not constitute any offer or solicitation of securities. China Yuchai also incorporated by reference unaudited interim financial information of MGP for the nine months ended September 30, 2025, while cautioning that these figures are not indicative of full-year or future performance and should not be relied upon, and noted that it will not publish its own interim consolidated financial statements for that period, leaving investors to monitor the HKEX process and subsequent disclosures for clarity on the subsidiary’s financial trajectory and potential capital-market impact.

The most recent analyst rating on (CYD) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on China Yuchai International stock, see the CYD Stock Forecast page.

China Yuchai Takes Control Stake in Fuel Injection Specialist NYDK to Bolster Powertrain Supply Chain

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-largest shareholder. By simultaneously signing a concerted action agreement with NYDK’s largest shareholder, Hunan Hengyang Auto Parts Factory, Yuchai obtained operational control, including the right to nominate six of nine directors and appoint the general manager, thereby strengthening its control over a key supplier. NYDK, a national high-tech leader in fuel injection systems such as common rail, unit and mechanical pumps, is expected to enhance Yuchai’s supply chain for critical components used in its powertrain solutions, reinforcing its technological capabilities and vertical integration in the competitive engine and powertrain market.

The most recent analyst rating on (CYD) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on China Yuchai International stock, see the CYD Stock Forecast page.

China Yuchai Adds Veteran Executive Jiang Fei to Board of Directors

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 than 23 years of experience at Guangxi Yuchai Machinery, where she has held senior roles spanning legal and compliance, branding and publicity, party committee leadership and union chairmanship, as well as earlier marketing and executive office posts; the board expects her deep institutional knowledge and operational background to support the company’s strategic direction and future performance, reinforcing governance and continuity at a time when the group is consolidating its position as a leading engine and powertrain supplier in China and abroad.

The most recent analyst rating on (CYD) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on China Yuchai International stock, see the CYD Stock Forecast page.

China Yuchai Boosts Stake in HL Global Enterprises

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 enhances China Yuchai’s influence in HLGE, which operates the Copthorne Hotel Cameron Highlands in Malaysia, potentially strengthening its market position and stakeholder value.

The most recent analyst rating on (CYD) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on China Yuchai International stock, see the CYD Stock Forecast page.