FULL TRUCK ALLIANCE CO. LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.855 USD | -1.72% |
|
-1.06% | +26.32% |
| May. 24 | Barclays Adjusts Full Truck Alliance Price Target to $9 From $6, Maintains Equal Weight Rating | MT |
| May. 21 | Full Truck Alliance's Q1 Non-GAAP Net Income, Revenue Rise | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 57,731 | 61,159 | 53,256 | 66,949 | - | - |
| Enterprise Value (EV) 1 | 31,755 | 61,159 | 34,853 | 44,789 | 41,281 | 36,631 |
| P/E ratio | -9.78 x | 145 x | 23.8 x | 21.5 x | 17 x | 11.5 x |
| Yield | - | - | - | 1.28% | 1.79% | 2.41% |
| Capitalization / Revenue | 12.4 x | 9.08 x | 6.31 x | 6.28 x | 5.17 x | 4.28 x |
| EV / Revenue | 6.82 x | 9.08 x | 4.13 x | 4.2 x | 3.19 x | 2.34 x |
| EV / EBITDA | 115 x | - | - | 16.7 x | 9.77 x | 6.46 x |
| EV / FCF | -125 x | - | 16.1 x | 16.2 x | 10.5 x | 7.1 x |
| FCF Yield | -0.8% | - | 6.22% | 6.17% | 9.52% | 14.1% |
| Price to Book | 1.14 x | - | 1.48 x | 1.74 x | 1.57 x | 1.41 x |
| Nbr of stocks (in thousands) | 1,085,846 | 1,108,401 | 1,070,421 | 1,045,750 | - | - |
| Reference price 2 | 53.17 | 55.18 | 49.75 | 64.02 | 64.02 | 64.02 |
| Announcement Date | 3/1/22 | 3/8/23 | 3/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,657 | 6,734 | 8,436 | 10,656 | 12,943 | 15,625 |
| EBITDA 1 | - | 276.2 | - | - | 2,677 | 4,227 | 5,666 |
| EBIT 1 | - | 208.8 | 835.7 | 1,580 | 2,720 | 4,154 | 5,592 |
| Operating Margin | - | 4.48% | 12.41% | 18.73% | 25.53% | 32.09% | 35.79% |
| Earnings before Tax (EBT) 1 | - | -3,640 | 507.9 | 2,334 | 3,310 | 4,417 | 6,120 |
| Net income 1 | -3,470 | -3,654 | 406.8 | 2,213 | 3,046 | 3,996 | 5,554 |
| Net margin | - | -78.47% | 6.04% | 26.23% | 28.58% | 30.87% | 35.55% |
| EPS 2 | - | -5.436 | 0.3800 | 2.090 | 2.981 | 3.770 | 5.563 |
| Free Cash Flow 1 | - | -254.6 | - | 2,169 | 2,764 | 3,929 | 5,161 |
| FCF margin | - | -5.47% | - | 25.71% | 25.94% | 30.35% | 33.03% |
| FCF Conversion (EBITDA) | - | - | - | - | 103.23% | 92.94% | 91.08% |
| FCF Conversion (Net income) | - | - | - | 98.03% | 90.74% | 98.31% | 92.93% |
| Dividend per Share 2 | - | - | - | - | 0.8173 | 1.144 | 1.542 |
| Announcement Date | 5/27/21 | 3/1/22 | 3/8/23 | 3/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,429 | 1,333 | 1,670 | 1,809 | 1,922 | 1,702 | 2,062 | 2,264 | 2,408 | 2,269 | 2,699 | 2,852 | 2,961 | - | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 159.1 | 133.2 | 211.3 | 242.8 | 248.4 | 272.4 | 450.7 | 458.5 | 398.8 | 485.4 | 696.6 | 718.5 | 922.6 | - | - |
| Operating Margin | 11.13% | 10% | 12.65% | 13.42% | 12.92% | 16% | 21.86% | 20.25% | 16.56% | 21.4% | 25.81% | 25.19% | 31.16% | - | - |
| Earnings before Tax (EBT) 1 | - | -187.8 | 15.35 | 470.6 | 209.8 | 430.8 | 635.8 | 672 | - | 641.1 | 346.6 | 436.3 | 452.5 | - | - |
| Net income 1 | -1,321 | -192 | 11.41 | 393.5 | 193.8 | - | 605.5 | 614.4 | 584.1 | 581.2 | 799.8 | 659.5 | 1,100 | - | - |
| Net margin | -92.42% | -14.41% | 0.68% | 21.76% | 10.08% | - | 29.37% | 27.14% | 24.26% | 25.62% | 29.63% | 23.12% | 37.17% | - | - |
| EPS 2 | - | -0.1800 | 0.0100 | 0.3700 | 0.1800 | 0.3800 | 0.5700 | 0.5800 | - | 0.5600 | 0.7537 | 0.4237 | 1.323 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | 1.064 | - | - |
| Announcement Date | 3/1/22 | 6/8/22 | 8/25/22 | 11/23/22 | 3/8/23 | 5/22/23 | 8/23/23 | 11/20/23 | 3/7/24 | 5/21/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 25,976 | - | 18,403 | 22,160 | 25,668 | 30,318 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -255 | - | 2,169 | 2,764 | 3,929 | 5,161 |
| ROE (net income / shareholders' equity) | - | 3.92% | - | 6.39% | 8.93% | 10.9% | 12.3% |
| ROA (Net income/ Total Assets) | - | 1.51% | - | 5.82% | 7.84% | 9.67% | 10.9% |
| Assets 1 | - | -241,473 | - | 38,022 | 38,853 | 41,339 | 50,803 |
| Book Value Per Share 2 | - | 46.80 | - | 33.70 | 36.80 | 40.80 | 45.50 |
| Cash Flow per Share | - | -0.3100 | - | 2.150 | - | - | - |
| Capex 1 | - | 43.2 | - | 100 | 101 | 138 | 154 |
| Capex / Sales | - | 0.93% | - | 1.19% | 0.95% | 1.07% | 0.99% |
| Announcement Date | 5/27/21 | 3/1/22 | 3/8/23 | 3/7/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
64.02
CNY
Average target price
85.2
CNY
Spread / Average Target
+33.09%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +26.32% | 9.24B | |
| +8.91% | 85.92B | |
| +5.12% | 77.93B | |
| -16.20% | 52.89B | |
| +26.18% | 48.28B | |
| +28.93% | 45.38B | |
| -34.05% | 40.83B | |
| +66.72% | 38.78B | |
| -0.37% | 27.48B | |
| -26.47% | 21.52B |
- Stock Market
- Equities
- YMM Stock
- Financials Full Truck Alliance Co. Ltd.
