A Business at a Glance
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ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS Not required.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.6B | 1.2B | 999M | 723M | 374M |
| Net Income | 427M | 427M | 313M | 60M | -648M | -521M |
| EPS | $0.45 | $0.45 | $0.31 | $0.06 | $-1.05 | $-3.32 |
| Free Cash Flow | 403M | 403M | 307M | -15M | -40M | 76M |
| ROIC | 5.6% | 518.2% | 343.0% | 1.2% | -13.2% | -11.4% |
| Gross Margin | 54.6% | 54.6% | 51.2% | 47.8% | 45.5% | 49.0% |
| Debt/Equity | 0.00 | 7.11 | 12.45 | 0.09 | 0.09 | -0.25 |
| Dividends/Share | $0.16 | $0.16 | - | - | - | - |
| Operating Income | 344M | 344M | 141M | -24M | -589M | -524M |
| Operating Margin | 22.0% | 22.0% | 11.8% | -2.4% | -81.5% | -140.1% |
| ROE | 692.9% | 15.4% | 797.7% | 1.2% | -13.2% | - |
| Shares Outstanding | 939M | 939M | 1,016M | 933M | 618M | 1,015M |
| Metric | 2020 | 2021 | 2022 | TTM | ||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 374M | 723M | 999M | 1.2B | 1.6B | 1.6B |
| Gross Margin | 49.0% | 45.5% | 47.8% | 51.2% | 54.6% | 54.6% |
| R&D | 60M | 113M | 136M | 134M | 122M | 122M |
| SG&A | 571M | 663M | 210M | 133M | 127M | 127M |
| EBIT | -524M | -589M | -24M | 141M | 344M | 344M |
| Op. Margin | -140.1% | -81.5% | -2.4% | 11.8% | 22.0% | 22.0% |
| Net Income | -521M | -648M | 60M | 313M | 427M | 427M |
| Net Margin | -139.1% | -89.6% | 6.0% | 26.2% | 27.3% | 27.3% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||
| ROIC | -11.4% | -13.2% | 1.2% | N/M | N/M | 5.6% |
| ROE | N/A | -13.2% | 1.2% | 797.7% | 15.4% | 692.9% |
| ROA | -14.3% | -12.1% | 1.1% | 5.6% | 7.6% | 7.4% |
| Cash Flow | ||||||
| Op. Cash Flow | 83M | -33M | -2.3M | 321M | 413M | 413M |
| Free Cash Flow | 76M | -40M | -15M | 307M | 403M | 403M |
| Owner Earnings | -398M | -606M | -152M | 248M | 333M | 333M |
| CapEx | 7.7M | 6.7M | 13M | 14M | 10M | 10M |
| Maint. CapEx | 9.2M | 10M | 13M | 11M | 11M | 11M |
| Growth CapEx | 0 | 0 | 0 | 3.6M | 0 | 0 |
| D&A | 9.2M | 10M | 13M | 11M | 11M | 11M |
| CapEx/OCF | N/A | N/A | N/A | 4.4% | 2.5% | 2.5% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 148M | 148M |
| Dividend Yield | N/A | N/A | N/A | N/A | 2.0% | 1.9% |
| Share Buybacks | 0 | 0 | 0 | 25M | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.4% | N/A | 0.0% |
| Stock-Based Comp | 472M | 563M | 136M | 62M | 69M | 69M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | -808M |
| Cash & Equiv. | 1.5B | 665M | 762M | 957M | 808M | 808M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | -0.25 | 0.09 | 0.09 | 12.45 | 7.11 | 0.00 |
| Interest Coverage | -432.0 | -94898.6 | -925.7 | N/A | N/A | N/A |
| Equity | -1.2B | 4.9B | 5.0B | 39M | 62M | 62M |
| Total Assets | 3.6B | 5.3B | 5.4B | 5.6B | 5.7B | 5.7B |
| Total Liabilities | 302M | 445M | 429M | 488M | 438M | 438M |
| Intangibles | 415M | 485M | 464M | 442M | 435M | 435M |
| Retained Earnings | -1.9B | -2.6B | -2.5B | -2.0B | -1.6B | -1.6B |
| Working Capital | 2.7B | 4.1B | 4.2B | 2.9B | 3.4B | 3.4B |
| Current Assets | 3.0B | 4.5B | 4.6B | 3.4B | 3.8B | 3.8B |
| Current Liabilities | 285M | 424M | 405M | 463M | 420M | 420M |
| Per Share Data | ||||||
| EPS | -3.32 | -1.05 | 0.06 | 0.31 | 0.45 | 0.45 |
| Owner EPS | -0.39 | -0.98 | -0.16 | 0.24 | 0.35 | 0.35 |
| Book Value | -1.21 | 7.92 | 5.35 | 0.04 | 0.07 | 0.07 |
| Cash Flow/Share | 0.08 | -0.05 | -0.00 | 0.32 | 0.44 | 0.47 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.16 | 0.16 |
| Shares Out. | 1.0B | 617.8M | 933.4M | 1.0B | 939.2M | 939.2M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | 117.6 | 21.7 | 23.9 | 18.5 |
| P/FCF | N/A | N/A | N/A | 22.2 | 25.4 | 19.6 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | 20.6 |
| Price/Book | N/A | 1.1 | 1.4 | 173.5 | 165.7 | 128.3 |
| Price/Sales | N/A | 11.9 | 6.7 | 5.9 | 4.8 | 5.1 |
| FCF Yield | N/A | -0.7% | -0.2% | 4.5% | 3.9% | 5.1% |
| Market Cap | N/A | 5.3B | 7.1B | 6.8B | 10.2B | 7.9B |
| Avg. Price | N/A | 13.94 | 7.18 | 6.89 | 8.04 | 8.42 |
| Year-End Price | N/A | 8.64 | 7.60 | 6.70 | 10.88 | 8.42 |
Full Truck Alliance Co. Ltd. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Full Truck Alliance Co. Ltd. trades at 18.5x trailing earnings, compared to its 15-year median P/E of 22.8x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 19.6x vs a median of 23.8x. The company's 5-year average gross margin is 49.6%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is +112.9%.
Full Truck Alliance Co. Ltd. (YMM) has a current P/E ratio of 18.5, compared to its historical median P/E of 22.8. The stock is currently considered Cheap based on its historical valuation range.
Full Truck Alliance Co. Ltd. (YMM) has a 5-year average return on invested capital (ROIC) of -7.8%. This is below average and may indicate limited pricing power.
Full Truck Alliance Co. Ltd. (YMM) has a market capitalization of $7.9B. It is classified as a mid-cap stock.
Yes, Full Truck Alliance Co. Ltd. (YMM) pays a dividend with a trailing twelve-month yield of 1.87%.
Based on historical P/E analysis, Full Truck Alliance Co. Ltd. (YMM) appears cheap. The current P/E of 18.5 is 19% below its historical median of 22.8. The estimated fair value CAGR (P/E method) is 55.1%.
Full Truck Alliance Co. Ltd. (YMM) operates in the Services-Prepackaged Software industry, within the Technology sector.
Full Truck Alliance Co. Ltd. (YMM) reported annual revenue of $1.6 billion in its most recent fiscal year, based on SEC EDGAR filings.
Full Truck Alliance Co. Ltd. (YMM) has a net profit margin of 27.3%. This is a strong margin indicating high profitability.
Full Truck Alliance Co. Ltd. (YMM) generated $403 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Full Truck Alliance Co. Ltd. (YMM) has a debt-to-equity ratio of 7.11. This indicates higher leverage, which may increase financial risk.
Full Truck Alliance Co. Ltd. (YMM) reported earnings per share (EPS) of $0.45 in its most recent fiscal year.
Full Truck Alliance Co. Ltd. (YMM) has a return on equity (ROE) of 15.4%. This indicates the company generates strong returns for shareholders.
Full Truck Alliance Co. Ltd. (YMM) has a 5-year average gross margin of 49.6%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for Full Truck Alliance Co. Ltd. (YMM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Full Truck Alliance Co. Ltd. (YMM) has a book value per share of $0.07, based on its most recent annual SEC filing.