Full Truck Alliance Co. Ltd. - Understand $ymm stock

$YMM Market Cap: $10.73 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$8.234B

TTM

Gross Margin

51.92%

TTM

Net Earnings

$2.204B

TTM

Current Assets

$24.00B

Q4 2023

Current Liabilities

$3.275B

Q4 2023

Current Ratio

732.81%

Q4 2023

Total Assets

$39.35B

Q4 2023

Total Liabilities

$3.743B

Q4 2023

Book Value

$35.60B

Q4 2023

Cash

$6.771B

Q4 2023

P/E

4.868

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019
Revenue	$8.436B	$6.734B	$4.657B	$2.581B	$2.473B
YoY Change	25.28%	44.59%	80.45%	4.36%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$8.436B	$6.734B	$4.657B	$2.581B	$2.473B
Cost Of Revenue	$4.119B	$3.515B	$2.540B	$1.316B	$1.390B
Gross Profit	$4.317B	$3.219B	$2.117B	$1.265B	$1.083B
Gross Profit Margin	51.17%	47.81%	45.46%	49.01%	43.8%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019
Selling, General & Admin	$2.411B	$2.514B	$5.206B	$4.487B	$1.720B
YoY Change	-4.1%	-51.7%	16.02%	160.83%
% of Gross Profit	55.86%	78.11%	245.92%	354.76%	158.82%
Research & Development	$946.6M	$914.2M	$729.7M	$413.4M	$396.7M
YoY Change	3.55%	25.28%	76.52%	4.2%
% of Gross Profit	21.93%	28.4%	34.47%	32.68%	36.62%
Depreciation & Amortization	$10.53M	$12.81M	$67.42M	$63.67M	$70.71M
YoY Change	-17.82%	-81.0%	5.89%	-9.96%
% of Gross Profit	0.24%	0.4%	3.18%	5.03%	6.53%
Operating Expenses	$3.320B	$3.381B	$5.913B	$4.879B	$2.104B
YoY Change	-1.82%	-42.82%	21.18%	131.93%
Operating Profit	$997.4M	-$162.0M	-$3.796B	-$3.615B	-$1.021B
YoY Change	-715.69%	-95.73%	5.02%	254.16%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019
Interest Expense	$1.206B	$439.3M	$260.1M	$190.6M	$183.2M
YoY Change	174.57%	68.89%	36.47%	4.05%
% of Operating Profit	120.93%
Other Income/Expense, Net	$130.3M	$230.6M	$7.067M	-$5.559M	-$8.585M
YoY Change	-43.52%	3163.49%	-227.13%	-35.25%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019
Pretax Income	$2.334B	$507.9M	-$3.640B	-$3.452B	-$1.556B
YoY Change	359.49%	-113.95%	5.47%	121.78%
Income Tax	$106.8M	$96.04M	$14.19M	$19.34M	-$14.68M
% Of Pretax Income	4.58%	18.91%
Net Earnings	$2.213B	$406.8M	-$3.654B	-$3.470B	-$1.524B
YoY Change	444.03%	-111.13%	5.3%	127.77%
Net Earnings / Revenue	26.23%	6.04%	-78.47%	-134.47%	-61.61%
Basic Earnings Per Share	$0.10	$0.02	-$0.31	-$1.05
Diluted Earnings Per Share	$0.10	$0.02	-$271.8K	-$159.8K	-$70.16K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019
Cash & Short-Term Investments	$18.29B	$26.22B	$25.92B	$18.79B	$10.30B
YoY Change	-30.27%	1.18%	37.93%	82.52%
Cash & Equivalents	$6.771B	$5.137B	$4.284B	$10.06B	$3.984B
Short-Term Investments	$11.52B	$21.09B	$21.63B	$8.731B	$6.312B
Other Short-Term Assets	$2.165B	$2.118B	$607.3M	$301.3M	$472.2M
YoY Change	2.22%	248.77%	101.59%	-36.2%
Inventory
Prepaid Expenses
Receivables	$23.42M	$13.02M	$29.14M	$34.73M	$25.74M
Other Receivables	$3.521B	$2.648B	$2.343B	$1.556B	$1.708B
Total Short-Term Assets	$24.00B	$31.00B	$28.90B	$20.68B	$12.50B
YoY Change	-22.6%	7.29%	39.72%	65.45%
Property, Plant & Equipment	$329.4M	$240.8M	$102.2M	$38.98M	$51.36M
YoY Change	36.8%	135.74%	162.05%	-24.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$11.08B	$1.774B	$1.678B	$875.2M	$985.3M
YoY Change	524.24%	5.72%	91.77%	-11.17%
Other Assets	$370.8M	$49.92M	$37.84M	$179.5M	$131.9M
YoY Change	642.73%	31.92%	-78.92%	36.08%
Total Long-Term Assets	$15.35B	$5.692B	$5.500B	$4.450B	$4.457B
YoY Change	169.68%	3.49%	23.6%	-0.16%
Total Assets	$39.35B	$36.70B	$34.40B	$25.13B	$16.96B
YoY Change
Accounts Payable	$25.22M	$27.95M	$29.38M	$23.84M	$17.98M
YoY Change	-9.78%	-4.86%	23.25%	32.59%
Accrued Expenses	$2.546B	$2.067B	$1.141B	$906.8M	$466.4M
YoY Change	23.13%	81.13%	25.87%	94.4%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$9.000M	$0.00	$500.0M
YoY Change		-100.0%		-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.275B	$2.732B	$2.734B	$1.962B	$2.281B
YoY Change	19.87%	-0.07%	39.31%	-13.98%
Long-Term Debt		$0.00	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$69.66M	$35.93M
YoY Change	93.87%
Total Long-Term Liabilities	$69.66M	$35.93M	$0.00	$0.00	$0.00
YoY Change	93.87%
Total Liabilities	$3.743B	$3.039B	$2.943B	$2.082B	$2.405B
YoY Change	23.17%	3.26%	41.38%	-13.45%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	21.11B	21.52B	13.45B	3.424B
Diluted Shares Outstanding	21.16B	21.58B	13.45B	3.424B
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $10.729 Billion

About Full Truck Alliance Co. Ltd.

Full Truck Alliance Co., Ltd. operates as a holding company that provides comprehensive services for shippers and truckers through its mobile and website platforms. The company is headquartered in Nanjing, Jiangsu and currently employs 7,585 full-time employees. The company went IPO on 2021-06-22. The Company’s main services include freight listing services, it can help shippers issue invoices and help truck drivers find goods in a standardized way through a mobile application; freight brokerage services, providing end-to-end freight matching services, to provide a higher level of service quality assurance; and online trading services. The firm also provides a range of value-added services to meet the basic needs of shippers and truck drivers. For example, shippers can access shipping management systems, credit solutions and insurance on the platform. Truckers can access software for routing and managing traffic ticket records, credit solutions, insurance, electronic billing, services and energy services on the platform.

Industry: Services-Prepackaged Software Peers: DiDi Global Inc.