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China Yuchai International Limited (CYD)

NYSE / Industrials / Industrial - Machinery

Share price

26.35 USD Market dataClose of Oct 15, 2026

Market capitalisation

988.6M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2024, filed Apr 25, 2025
Ratios computed
Oct 15, 2026
Filed years
9, FY2016 to FY2024
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

4.7% Computed

From the FY2024 filing

Read quality

Valuation

Price to earnings

20.49x Computed

FY2024 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

6.3% Computed

FY2024 accounts, priced at the latest close

Read cash generation

Revenue and net income, by fiscal year

FY2015 Revenue: 13.73B CNYFY2015 Net income: 341.1M CNYFY2016 Revenue: 13.64B CNYFY2016 Net income: 525.2M CNYFY2017 Revenue: 16.20B CNYFY2017 Net income: 888.8M CNYFY2018 Revenue: 16.26B CNYFY2018 Net income: 695.3M CNYFY2019 Revenue: 18.02B CNYFY2019 Net income: 604.9M CNYFY2020 Revenue: 20.58B CNYFY2020 Net income: 548.9M CNYFY2021 Revenue: 21.27B CNYFY2021 Net income: 272.7M CNYFY2022 Revenue: 16.03B CNYFY2022 Net income: 218.6M CNYFY2023 Revenue: 18.05B CNYFY2023 Net income: 285.5M CNYFY2024 Revenue: 19.13B CNYFY2024 Net income: 323.1M CNY
Revenue Net income10 fiscal years; a year whose statement names no SEC filing is market data, and the table in Filings says which.
Named tests met
6 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

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.

Is it good

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%.

Is it safe

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.

Year by year against peers
Whether China Yuchai International Limited's return on invested capital stayed above the median of the Industrial - Machinery industry, year by year. (FY2021 to FY2024, 4 fiscal years of China Yuchai International Limited with a comparable figure)
The direction
Which way China Yuchai International Limited's return on equity has moved, and how steadily. (FY2015 to FY2024, 10 filed years of China Yuchai International Limited)
What could explain it
What in China Yuchai International Limited's filed statements could explain the movements. (3 readings drawn from the statement lines China Yuchai International Limited filed)
What to check next
What to check next on China Yuchai International Limited, and where in its filings. (2 questions for China Yuchai International Limited)
In one paragraph
One paragraph on China Yuchai International Limited's returns, cash, balance sheet and price. (14 of sixteen figures read for China Yuchai International Limited)

These are CYD’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research CYDPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

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

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

China Yuchai International Limited: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax4.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Return on equity3.5% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Return on capital employed, pre-tax4.3% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Return on assets1.2% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Gross margin14.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Operating margin3.1% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Net margin1.7% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
CYD 1.7%
GHM 5.1%BW -6.2%TNC 3.6%ATS -1.1%ENOV -52.7%
-52.7%5.1%
Net margin: CYD against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

China Yuchai International Limited: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.74 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Current ratio1.55 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Quick ratio1.20 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Interest coverage7.66x ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Altman Z-score1.73 ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Net debt822.3M ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Total assets 27.05BTotal liabilities 14.75BShareholders' equity 9.16BOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

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).

China Yuchai International Limited: balance sheet position
Total assets27.05B FiledFY2024 20-F, filed Apr 25, 2025
Total liabilities14.75B FiledFY2024 20-F, filed Apr 25, 2025
Shareholders' equity9.16B FiledFY2024 20-F, filed Apr 25, 2025
Cash5.92B FiledFY2024 20-F, filed Apr 25, 2025
Total debt6.74B FiledFY2024 20-F, filed Apr 25, 2025
Net debt822.3M
Current ratio1.55
Debt to equity0.74

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

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

China Yuchai International Limited: what the market charges, each with its source
FigureValue, source and document
Price to earnings20.49x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
P/E on trailing twelve months
Why n/a

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.

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 book0.72x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Price to sales0.35x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Enterprise value to EBIT12.47x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Enterprise value to EBITDA5.67x ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Price to earnings over growth
Why n/a

We 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 share
Why n/a

The FY2024 filing carries no diluted earnings per share we could read.

n/a FiledFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Graham number
Why n/a

We 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.

Its own record, and companies like it

Valuation

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.

China Yuchai International Limited: valuation
Share price26.35 USD
Market capitalisation988.6M USD
Enterprise value to EBITDA5.67x
Graham numbern/a
Diluted earnings per share, FY2015n/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.

Companies like China Yuchai International Limited

  1. Graham Corporation (GHM)Market cap 835.1M USD
  2. Babcock & Wilcox Enterprises, Inc. (BW)Market cap 738.9M USD
  3. Tennant Company (TNC)Market cap 1.13B USD
  4. ATS Corporation (ATS)Market cap 1.77B USD
  5. Enovis Corporation (ENOV)Market cap 1.12B USD

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

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

China Yuchai International Limited: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield6.3% ComputedClose of Oct 15, 2026 · FY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Free cash flow419.2M CNY ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Free cash flow margin2.2% ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Dividend yield
Why n/a

We 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 ratio
Why n/a

We 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
FY2015 Free cash flow: 1.29B CNYFY2015 Net income: 341.1M CNYFY2016 Free cash flow: 1.92B CNYFY2016 Net income: 525.2M CNYFY2017 Free cash flow: 1.13B CNYFY2017 Net income: 888.8M CNYFY2018 Free cash flow: 262.9M CNYFY2018 Net income: 695.3M CNYFY2019 Free cash flow: 833.9M CNYFY2019 Net income: 604.9M CNYFY2020 Free cash flow: 830.7M CNYFY2020 Net income: 548.9M CNYFY2021 Free cash flow: -67.5M CNYFY2021 Net income: 272.7M CNYFY2022 Free cash flow: -550.4M CNYFY2022 Net income: 218.6M CNYFY2023 Free cash flow: 988.2M CNYFY2023 Net income: 285.5M CNYFY2024 Free cash flow: 419.2M CNYFY2024 Net income: 323.1M CNY
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

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.

China Yuchai International Limited: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
20.49xFY2024Oct 15, 2026
0.72xFY2024Oct 15, 2026
12.47xFY2024Oct 15, 2026
6.3%FY2024Oct 15, 2026
4.7%FY2024Apr 25, 2025
n/aFY2024Oct 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.
0.74FY2024Apr 25, 2025
1.55FY2024Apr 25, 2025
0.35xFY2024Oct 15, 2026
n/aFY2024Oct 15, 2026
n/a The filed income statement reports no earnings per share.
1.73FY2024Oct 15, 2026
-2.59FY2024Apr 25, 2025
7/9FY2024Apr 25, 2025

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.

Ten years of filed figures, year by year

Ten years of filed figures

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.

China Yuchai International Limited: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY202419.13B597.0M323.1Mn/a419.2M3.1%3.5%20-F, Apr 25, 20250000950170-25-058324
FY202318.05B609.4M285.5Mn/a988.2M3.4%3.1%20-F, Apr 26, 20240001193125-24-116234
FY202216.03B519.3M218.6Mn/a-550.4M3.2%2.4%20-F, Apr 26, 20230001193125-23-117772
FY202121.27B663.5M272.7Mn/a-67.5M3.1%3.1%20-F, Apr 22, 20220001193125-22-114040
FY202020.58B1.18B548.9Mn/a830.7M5.7%6.1%20-F, Apr 23, 20210001193125-21-128033
FY201918.02B1.15B604.9Mn/a833.9M6.4%6.9%20-F, Apr 30, 20200001193125-20-128151
FY201816.26B1.28B695.3Mn/a262.9M7.9%8.3%20-F, Apr 22, 20190001193125-19-112740
FY201716.20B1.60B888.8Mn/a1.13B9.9%10.7%20-F/A, Apr 30, 20180001193125-18-140586
FY201613.64B979.5M525.2Mn/a1.92B7.2%6.8%20-F/A, Apr 30, 20180001193125-18-140586
FY201513.73B805.2M341.1M8.811.29B5.9%4.7%Market data, supplied Oct 15, 2026accession n/a
  • Revenue, compound annual growth FY2015 to FY2024: 3.8%
  • Earnings, compound annual growth FY2015 to FY2024: -0.6%
  • Earnings per share: Fewer than two filed years carry earnings per share.
  • Free cash flow, compound annual growth FY2015 to FY2024: -11.7%

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

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

China Yuchai International Limited: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.59 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Piotroski F-score7/9 ComputedFY2024 20-F, filed Apr 25, 2025, 0000950170-25-058324
Named tests met6 of 30 Computed
Beta1.16 ComputedClose of Oct 15, 2026

The named tests

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.

Which tests, by name(all 30)
Meets
Deep value; Owner earnings yield; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cheapest quarter on P/B (David Dreman)
Does not
Defensive investor (Benjamin Graham); Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); High returns, low debt; High return on tangibles; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Low P/E, growth, yield (John Neff)
Not measured
High yield, low payout; Dividends and buybacks; Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); Cash-covered dividend. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(10)
  • Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
  • Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
  • Price To Ncav: We do not hold this figure for this company, so there is nothing to show.
  • Price To Graham: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

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

Next step

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.

More on this company

What this cannot tell you

  • 10 figures could not be read on this company, among them Positive Earnings Streak, PEG Ratio, Eps Growth 5Y. Each blank in the table above names the rest, with its reason. 5 named tests come back incomplete because of them, which is neither met nor missed.
  • We hold 9 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.

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.

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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.

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ValueScreener is a trading name of Oliva Real Estate Technologies LLC, a Delaware limited liability company. Legal notices: legal@valuescreener.ai. © 2026 Oliva Real Estate Technologies LLC. All rights reserved.

Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.