CYDChina Yuchai International Limited

$39.83

Is the business good?

How good a business is CYD?

China Yuchai International Limited earns 8.8% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

8.8%

Return on invested capital · cost of capital 9.0% · 0.20 points below what the capital costs: growth destroys value

Operating margin
3.1%

Operating margin · Auto Manufacturers median −0.46% · fiscal year to FY2024

Cash conversion
1.30×

Cash conversion · 3.46× a year ago · every dollar of reported profit arrived as cash, and more

Share count, year on year
−3.8%

Share count, year on year · bought back, each share owns more of the company

Operating margin by fiscal year
YearOperating margin
FY20196.4%
FY20205.7%
FY20213.1%
FY20223.2%
FY20233.4%
FY20243.1%
Details
Gross marginfiscal year to FY2024
15%
Operating marginfiscal year to FY2024
3.1%
Net marginfiscal year to FY2024
1.7%
Free cash flow margin
2.2%
R&D as % of revenue
5.1%
Revenue, trailing twelve months
$19.1B
Free cash flow, trailing twelve months
$419M
Net income, trailing twelve months
$323M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
8.8%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.