Quality
Return on invested capital, after tax
From the FY2024 filing
ValueScreener company report
NYSE / Industrials / Industrial - Machinery
Share price
26.35 USD Market dataClose of Oct 15, 2026Market capitalisation
988.6M USD Market dataClose of Oct 15, 20261 of 10
What the business is, what it costs, and how it reads on four questions.
Market dataSEC filingComputed
Return on invested capital, after tax
From the FY2024 filing
Debt to equity
From the FY2024 filing
Price to earnings
FY2024 accounts, priced at the latest close
Free cash flow yield
FY2024 accounts, priced at the latest close
Price to earnings is 20.49x at the close of 2026-10-15 on FY2024 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.
Today, against the Industrial - Machinery industry (52 companies), 20.49x sits at the 27th percentile; the middle half of that group runs from 20.30x to 38.40x.
Return on invested capital was 4.7% in FY2024, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.
Today, against the Industrial - Machinery industry (44 companies), 4.7% sits at the 12th percentile; the middle half of that group runs from 6.3% to 14.9%.
Interest coverage was 7.66x in FY2024, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.
These are CYD’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
2 of 10
The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2024 annual report: 20-F, filed Apr 25, 2025, accession 0000950170-25-058324.
3 of 10
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
| Return on invested capital, after tax | 4.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Return on equity | 3.5% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Return on capital employed, pre-tax | 4.3% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Return on assets | 1.2% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Gross margin | 14.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Operating margin | 3.1% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Net margin | 1.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
4 of 10
What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Debt to equity | 0.74 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Current ratio | 1.55 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Quick ratio | 1.20 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Interest coverage | 7.66x ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Altman Z-score | 1.73 ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Net debt | 822.3M ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
What China Yuchai International Limited owned and owed at the end of fiscal 2024, from the balance sheet it filed (20-F, filed Apr 25, 2025, 0000950170-25-058324).
| Total assets | 27.05B FiledFY2024 20-F, filed Apr 25, 2025 |
|---|---|
| Total liabilities | 14.75B FiledFY2024 20-F, filed Apr 25, 2025 |
| Shareholders' equity | 9.16B FiledFY2024 20-F, filed Apr 25, 2025 |
| Cash | 5.92B FiledFY2024 20-F, filed Apr 25, 2025 |
| Total debt | 6.74B FiledFY2024 20-F, filed Apr 25, 2025 |
| Net debt | 822.3M |
| Current ratio | 1.55 |
| Debt to equity | 0.74 |
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
| Price to earnings | 20.49x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
P/E on trailing twelve monthsWhy n/aA trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer. | n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
| Price to book | 0.72x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Price to sales | 0.35x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Enterprise value to EBIT | 12.47x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Enterprise value to EBITDA | 5.67x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
Price to earnings over growthWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
Diluted earnings per shareWhy n/aThe FY2024 filing carries no diluted earnings per share we could read. | n/a FiledFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
We publish no fair value or price target of our own. Value CYD on your own assumptions in the DCF workbench, starting from the filed figures.
What the market charges for China Yuchai International Limited today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 26.35 USD |
|---|---|
| Market capitalisation | 988.6M USD |
| Enterprise value to EBITDA | 5.67x |
| Graham number | n/a |
| Diluted earnings per share, FY2015 | n/a |
Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.
Same industry (Industrial - Machinery) and size band (Small, 300M to 2B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Whether profit arrives as cash, and what is paid back to shareholders.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
| Free cash flow yield | 6.3% ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Free cash flow | 419.2M CNY ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Free cash flow margin | 2.2% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
Dividend yieldWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
Payout ratioWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
7 of 10
Every figure, the year it is for and the document it was read from.
SEC filingMarket data
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| 20.49x | FY2024 | Oct 15, 2026 | |
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 0.72x | FY2024 | Oct 15, 2026 | |
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 12.47x | FY2024 | Oct 15, 2026 | |
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 6.3% | FY2024 | Oct 15, 2026 | |
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itCash flow statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 4.7% | FY2024 | Apr 25, 2025 | |
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Oct 15, 2026 | |
| n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one. | |||
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itCash flow statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 0.74 | FY2024 | Apr 25, 2025 | |
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 1.55 | FY2024 | Apr 25, 2025 | |
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 0.35x | FY2024 | Oct 15, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| n/a | FY2024 | Oct 15, 2026 | |
| n/a The filed income statement reports no earnings per share. | |||
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 1.73 | FY2024 | Oct 15, 2026 | |
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2024: a price is in this figure, and it moved after the filing. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| -2.59 | FY2024 | Apr 25, 2025 | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itCash flow statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
| 7/9 | FY2024 | Apr 25, 2025 | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2024. Form20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itIncome statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itBalance sheetFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tabForm20-FFiledApr 25, 2025PeriodFY2024Accession0000950170-25-058324What we read from itCash flow statementFY2024Open on SEC.gov, accession 0000950170-25-058324, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2024, the newest full year on file. 9 filed fiscal years on record, FY2016 to FY2024, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
10 fiscal years, FY2015 to FY2024. 9 read from the annual reports China Yuchai International Limited filed with the SEC, each naming its filing; the rest from statements that name none, which are market data. Amounts in CNY, as reported.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2024 | 19.13B | 597.0M | 323.1M | n/a | 419.2M | 3.1% | 3.5% | 20-F, Apr 25, 20250000950170-25-058324 |
| FY2023 | 18.05B | 609.4M | 285.5M | n/a | 988.2M | 3.4% | 3.1% | 20-F, Apr 26, 20240001193125-24-116234 |
| FY2022 | 16.03B | 519.3M | 218.6M | n/a | -550.4M | 3.2% | 2.4% | 20-F, Apr 26, 20230001193125-23-117772 |
| FY2021 | 21.27B | 663.5M | 272.7M | n/a | -67.5M | 3.1% | 3.1% | 20-F, Apr 22, 20220001193125-22-114040 |
| FY2020 | 20.58B | 1.18B | 548.9M | n/a | 830.7M | 5.7% | 6.1% | 20-F, Apr 23, 20210001193125-21-128033 |
| FY2019 | 18.02B | 1.15B | 604.9M | n/a | 833.9M | 6.4% | 6.9% | 20-F, Apr 30, 20200001193125-20-128151 |
| FY2018 | 16.26B | 1.28B | 695.3M | n/a | 262.9M | 7.9% | 8.3% | 20-F, Apr 22, 20190001193125-19-112740 |
| FY2017 | 16.20B | 1.60B | 888.8M | n/a | 1.13B | 9.9% | 10.7% | 20-F/A, Apr 30, 20180001193125-18-140586 |
| FY2016 | 13.64B | 979.5M | 525.2M | n/a | 1.92B | 7.2% | 6.8% | 20-F/A, Apr 30, 20180001193125-18-140586 |
| FY2015 | 13.73B | 805.2M | 341.1M | 8.81 | 1.29B | 5.9% | 4.7% | Market data, supplied Oct 15, 2026accession n/a |
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -2.59 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Piotroski F-score | 7/9 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324 |
| Named tests met | 6 of 30 Computed |
| Beta | 1.16 ComputedClose of Oct 15, 2026 |
Of 30 tests value investors published: 6 met, 19 not met, 5 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
9 of 10
Whether anybody here owns this company.
Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.
10 of 10
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.
Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.