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← CockpitCompetitor Analysis › CYD China Yuchai International LimitedOpen in the cockpit ↗

China Yuchai International LimitedCYDCompetitor analysis, valuation and peers

United States · USD·Consumer Discretionary›Auto Parts: OEM

Makes diesel and natural gas engines for trucks, buses, construction and marine vessels in China.

≈ China's Cummins for commercial diesel enginesMomentum laggard 3
Mkt cap
$750M
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$4.98M
20-day average traded
Fwd P/E
5.6×
forward earnings
ROIC−WACC
+13.0 pp
WACC 11.1%
Hurdle
n/a
no reverse DCF
Next earnings
111 days
25 Feb 2027
Close · USD$20.00
1D-0.1%
1W-10.9%
1M-31.2%
3M-56.7%
6M-56.8%
YTD-43.7%
1Y-46.5%
ATR %6.5%
Beta1.38
52w lowhigh67.5% off high

What China Yuchai International does

Makes diesel and natural gas engines for trucks, buses, construction and marine vessels in China.

A Bermuda holding company whose operating arm is Guangxi Yuchai Machinery, so its income is Chinese engine sales paid in yuan, mostly to truck and bus makers, with the truck cycle deciding volume. Singapore's Hong Leong Asia and a Guangxi state-owned group are among its biggest shareholders.

In one line: China's Cummins for commercial diesel engines.

Products and services

  • Diesel engines
  • Natural gas engines
  • Marine/generator engines

Customers

  • Chinese truck and bus OEMs
  • Construction equipment makers

Where it sits in the supply chain

  • Consumer Discretionary
  • Auto parts
  • Engine manufacturing

What could go right

  • China commercial vehicle upgrade cycle
  • Export growth to emerging markets

What could go wrong

  • China truck and construction cyclicality
  • EV transition in commercial vehicles

Moat: narrow (scale, distribution, brand). Yuchai is a leading Chinese diesel engine brand with a deep dealer network but limited differentiation vs local rivals.

Headquarters: Singapore / Guangxi, China · Founded: 1951 · Employees: 9,189

Named competitors

China Yuchai International at a glance

Size China Yuchai International (CYD) is a United States Consumer Discretionary company (Auto Parts: OEM) with a market value of $750M, the 2434th largest of 3,117 United States companies the cockpit tracks. Shares closed at $20.00 on 6 Nov 2026.

Performance Over six months the shares fell 56.8%, against -19.4% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.

Growth Revenue grew 21.0% over the last twelve months (peer median +7.1%); the operating margin is 4.1% (peer median 4.6%).

Valuation It trades at 5.6× forward earnings against a peer median of 18.2× (cheapest of 13).

Capital Return on invested capital runs 13.0 points above its cost of capital (11.1% WACC).

Backlog Backlog (remaining performance obligations) was CN¥145M at 31 Dec 2024, down 6% on a year earlier — 0.0 years of trailing revenue. Backlog detail →

Short interest Short interest is 0.5% of the free float (15 Oct 2026).

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

507510012511 May 202611 Aug 20266 Nov 2026Peer median 80CYD 42
Six months, rebased to 100: China Yuchai International against the median of its 20 peers (local-currency closes).

China Yuchai International financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$3.79B$3.43B$2.66B$2.55B$2.38B
Revenue growth—+29%+4%+7%—
Gross profit$679M$566M$392M$412M$391M
EBITDAn/a$189M$102M$117M$121M
Net income$106M$74.8M$44.9M$40.3M$32.5M
Free cash flown/a$329M$67.2M$148M-$76.4M
Capital expendituren/a$90.6M$75.8M$57.5M$88.7M
Total debtn/a$300M$353M$365M$345M

Quarterly statements and history in the cockpit →

China Yuchai International competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-30%-20%-10%0%601279FOXF002213600523301596605228CIRPWH00259060315851926033523002586037676050187287SUPRAJITSJS002101CYD6-month return →1-month return →
Up and to the right = strong over both horizons. China Yuchai International is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%0×100×200×FOXFCIRPWH6031585192300258605018SUPRAJITSJS002406CYDRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. China Yuchai International is the large dot.

China Yuchai International competitors and peer comparison

Head to head with its named competitors (CYD vs 2338.HK vs CMI vs 3808.HK)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
China Yuchai International CYD$750M-57%+21%4%5.6×n/a
Weichai Power 2338.HK$24.0B-50%+14%7%11.0×-7.0%
Cummins CMI$62.0B-34%+3%11%13.8×11.6%
Sinotruk Hong Kong 3808.HK$12.3B-12%+38%7%9.4×-3.2%

How China Yuchai International compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

China Yuchai International against its 20 peers (data as of 6 Nov 2026)
MeasureCYDPeer medianRank in peer set
1-month return-31.2%-1.9%lowest of 21
6-month return-56.8%-19.4%lowest of 21
Distance from 52-week high-67.5%-37.8%2nd lowest of 21
Revenue growth (TTM)+21.0%+7.1%5th highest of 21
Operating margin4.1%4.6%9th lowest of 21
Forward P/E5.6×18.2×cheapest of 13
ROIC minus cost of capital+13.0 pp-1.9 pp3rd highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
China Yuchai International CYDUnited States$750M-57%+21%4%5.6×n/an/a
Changchun Engley Automobile Industry 601279.SSChina$752M-21%-15%-6%n/a7.1%-2.9%
Fox Factory FOXFUnited States$748M0%+2%5%15.2×14.6%+10.5%
Shenzhen Dawei Innovation Technology 002213.SZChina$756M-44%+12%3%n/an/an/a
Guizhou Guihang Automotive Components 600523.SSChina$739M-11%+7%4%n/a17.3%+2.4%
Reach Machinery 301596.SZChina$733M-8%+16%14%n/a32.5%+9.5%
Shentong Technology 605228.SSChina$726M-28%+7%11%n/a7.1%+4.9%
CIR S.p.A. - Compagnie Industriali Riunite CIR.MIItaly$776M+12%0%6%13.4×2.3%-0.2%
PWR PWH.AXAustralia$776M+24%+31%16%46.9×41.7%+16.6%
Zhejiang VIE Science & Technology 002590.SZChina$723M-22%+8%4%n/a9.1%+14.5%
Changzhou Tenglong Auto Parts 603158.SSChina$719M-22%+9%4%15.4×25.1%+18.7%
Mitsuboshi Belting 5192.TJapan$716M+4%+5%10%10.8×-1.1%+7.3%
Chongqing Zhixin Industrial 603352.SSChina$787M-35%+22%26%n/an/an/a
Jiangsu Pacific Precision Forging 300258.SZChina$789M-20%-8%2%225.2×n/an/a
Zhejiang Zomax Transmission 603767.SSChina$711M-20%+3%1%n/a23.6%-2.7%
Changhua 605018.SSChina$710M-21%-7%-1%25.8×n/an/a
Nippon Seiki 7287.TJapan$800M-14%+6%4%11.9×-1.7%+8.6%
Suprajit Engineering SUPRAJIT.NSIndia$701M+11%+18%7%23.8×n/an/a
S.J.S. Enterprises SJS.NSIndia$699M+3%+26%24%30.4×20.2%+30.6%
Guangdong Hongtu Technology (Holdings) 002101.SZChina$805M-19%-1%2%12.7×n/an/a
Xuchang Yuandong Drive Shaft 002406.SZChina$699M-24%+31%13%20.9×2.1%-6.3%

China Yuchai International backlog

China Yuchai International reported CN¥145M of remaining performance obligations at 31 Dec 2024, down 6% from a year earlier. That is 0.0 years of trailing revenue already under contract.

Questions

Who are China Yuchai International's main competitors?
Named competitors: Weichai Power (2338.HK), Cummins (CMI), Sinotruk (3808.HK). The cockpit's measured peer set (industry) also includes Changchun Engley Automobile Industry (601279.SS), Fox Factory (FOXF), Shenzhen Dawei Innovation Technology (002213.SZ), Guizhou Guihang Automotive Components (600523.SS), Reach Machinery (301596.SZ), Shentong Technology (605228.SS).
Is China Yuchai International expensive compared with its peers?
On forward p/e it trades at 5.6× against a peer median of 18.2×, cheapest of 13 in its peer set.
How has China Yuchai International stock performed?
Over six months to 6 Nov 2026 the shares returned -56.8% against -19.4% for the median peer; over one year -46.5%.
What is China Yuchai International's backlog?
China Yuchai International's remaining performance obligations (contracted revenue not yet recognised) were CN¥145M at 31 Dec 2024, -6% on a year earlier.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.