China Yuchai International Limited (CYD) AI Stock Analysis

NYSE: CYDAI research summary: business, growth, valuation, analysts, bull and bear case.

CYD AI stock analysis summary

AI Research

China Yuchai International Limited (CYD) manufactures and distributes diesel and natural gas engines for commercial vehicles, marine vessels, and industrial equipment. Over the trailing twelve months, the company generated $26.45B in revenue and maintained a net cash position of $6.67B as of June 30, 2026. However, CYD shares fell 27.4% over the past year, closing at $26.02 on October 16, 2026.

Market cap
$976.2M
Revenue (TTM)
$26.45B
P/E
9.4x
fwd 9.2x
1Y return
-27.4%
S&P 500 16.8%
Avg. target
$56.76
118.1% vs last close

Bull case

  • China Yuchai maintains a strong balance sheet with $6.67B in net cash and a low debt-to-equity ratio of 0.14 as of June 30, 2026.
  • FY2025 revenue surged 25.4% to $23.99B, driving free cash flow to $2.07B.
  • The stock trades at an EV/EBITDA of 1.8x, compared to 11.1x for the median of its US-listed Consumer Cyclical peers.

Bear case

  • Shares of CYD fell 27.4% over the past year and closed at $26.02, trading 39.5% below their 200-day moving average.
  • The annualized 5-year dividend growth rate declined 9.0%, despite 27 consecutive years of payments.
  • Net margin remained thin at 2.2% in FY2025, well below gross margin of 16.5%.

What China Yuchai International does

China Yuchai International Limited manufactures, assembles, and distributes diesel and natural gas engines for trucks, buses, passenger vehicles, marine vessels, industrial equipment, and agricultural machinery. Headquartered in Singapore with major operations in China, the company operates primarily through its Yuchai and HLGE segments. Its portfolio spans 4- and 6-cylinder engines, high horsepower marine engines, power generators, engine components, and remanufacturing services. China Yuchai also develops plug-in hybrid engines, range extenders, electric drive axles, fuel cell systems, and exhaust emission control systems, while engaging in hospitality and property development ventures.

Growth and profitability

Revenue rose from $21.27B in FY2021 to $23.99B in FY2025, reflecting a 5-year revenue CAGR of 3.1%. Annual revenue contracted 24.6% in FY2022 before rebounding with 12.6% growth in FY2023, 6.0% in FY2024, and 25.4% in FY2025. Net income expanded from $272.7M in FY2021 to $522.7M in FY2025, lifting net margin to 2.2%. In the trailing twelve months ended June 30, 2026, revenue stood at $26.45B with an operating margin of 6.7% and a profit margin of 2.8%. For the latest quarter ended June 30, 2026, quarterly revenue grew 6.2% year-over-year while quarterly earnings grew 51.9%.

CYD income statement →

Balance sheet and cash flow

As of June 30, 2026, the company held $8.10B in cash and short-term investments against $1.43B in total debt, yielding net cash of $6.67B. Shareholders' equity was $10.16B with a debt-to-equity ratio of 0.14 and a current ratio of 2.11. Operating cash flow reached $2.72B in FY2025, supporting $2.07B in free cash flow after capital expenditures of $651.3M. In FY2025, dividends paid totaled $142.9M.

CYD balance sheet →

Valuation and performance

CYD trades at a trailing P/E of 9.4x and a forward P/E of 9.2x, below the median of its US-listed Consumer Cyclical peers of 18.0x and 14.1x. Its EV/EBITDA stands at 1.8x, compared to 11.1x for peers, and its price-to-book ratio is 0.9x. The stock declined 27.4% over the past 1-year period, while the S&P 500 (SPY) returned 16.8%. Over 5 years, CYD delivered a return of 120.5% compared to 83.0% for the S&P 500.

CYD key metrics →

CYD dividend

China Yuchai International pays an annual forward dividend of $0.87 per share, corresponding to a dividend yield of 3.34%. The company has paid dividends for 27 consecutive years, with an annualized 5-year dividend growth rate of -9.0%. Its last ex-dividend date was July 17, 2026.

CYD dividend history →

What analysts expect

Wall Street coverage includes 3 Strong Buy ratings, 0 Buy, 0 Hold, 0 Sell, and 0 Strong Sell. The mean price target is $56.76, representing 118.1% upside above the October 16, 2026 close of $26.02. For the fiscal year ending December 31, 2026, consensus estimates project EPS of $22.93 on revenue of $27.95B. The company beat EPS estimates in 2 of the last 4 quarters.

CYD forecast and price target →

Key risks and what to watch

  • The stock has a beta of 1.44, indicating elevated volatility relative to the broader market.
  • Annual top-line growth is subject to cyclical swings, as seen when revenue dropped 24.6% in FY2022.
  • The business requires substantial ongoing capital, allocating $651.3M to capital expenditures and $1.31B to research and development in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this CYD AI stock analysis

This page is an AI-written research summary of China Yuchai International Limited (CYD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CYD income statement, CYD balance sheet, CYD key metrics, CYD analyst forecast, CYD chart. See the CYD stock overview for the latest quote and news.

CYD AI stock analysis FAQ

What does China Yuchai International Limited do?

China Yuchai International Limited manufactures and distributes diesel and natural gas engines for commercial vehicles, marine vessels, and industrial equipment, while also developing hybrid powertrains and fuel cell systems.

What is China Yuchai's dividend yield and history?

The stock offers an annual forward dividend of $0.87 per share with a yield of 3.34%, supported by 27 consecutive years of dividend payments.

What are analysts' targets for CYD stock?

Analysts hold 3 Strong Buy ratings on CYD with a mean price target of $56.76, representing 118.1% upside from the October 16, 2026 closing price of $26.02.

How strong is China Yuchai's balance sheet?

As of June 30, 2026, China Yuchai held $8.10B in cash and short-term investments against $1.43B in total debt, resulting in net cash of $6.67B and a debt-to-equity ratio of 0.14.

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