FULL TRUCK ALLIANCE Announces Q2 2023 Earnings Results
August 31, 2023
🌥️Earnings Overview
On August 24, 2023, the FULL TRUCK ALLIANCE ($NYSE:YMM) announced their financial results for the second quarter of the fiscal year 2023. The company reported total revenue of CNY 2062.0 million, which was a 23.5% increase from the same period in FY2022. Additionally, the net income was CNY 605.5 million, a drastic improvement from the CNY 11.4 million seen in the prior year’s second quarter.
Price History
FULL TRUCK ALLIANCE Inc. (FTA) announced their earnings results for the second quarter of 2023 on Thursday, with the stock opening at $7.1 and closing at $6.8, a 1.7% decrease from the previous closing price of 7.0. FTA’s share price has been on a downward trend since late April, when the company reported a surprise decline in revenue growth for the first quarter of 2023. Despite the disappointing results, analysts remain optimistic about the company’s long-term prospects. Analysts believe that FTA’s focus on innovation and expanding its services into new markets will help it recover from the recent slump and drive future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for YMM. More…
| Total Revenues | Net Income | Net Margin |
| 7.5k | 1.6k | 21.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for YMM. More…
| Operations | Investing | Financing |
| -15.52 | 2.13k | -1.33k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for YMM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 38.38k | 3.05k | 32.76 |
Key Ratios Snapshot
Some of the financial key ratios for YMM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.6% | – | 23.3% |
| FCF Margin | ROE | ROA |
| -1.4% | 3.2% | 2.8% |
Analysis
GoodWhale has conducted an analysis of FULL TRUCK ALLIANCE’s financials, and based on the Star Chart, FULL TRUCK ALLIANCE is classified as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Therefore, this company may be attractive to investors looking for strong, reliable returns. The financial metrics of FULL TRUCK ALLIANCE place it in a strong position across multiple areas, such as asset growth and medium profitability. However, it is weak in the area of dividend yield. Nevertheless, FULL TRUCK ALLIANCE has been assessed a high health score of 7/10, suggesting it is capable of withstanding any kind of crisis without facing any risk of bankruptcy due to its healthy cashflows and debt. More…
Peers
The company operates an online platform that connects truck drivers and cargo owners. Full Truck Alliance Co Ltd is a subsidiary of Alibaba Group Holding Limited. The company’s main competitors are China Communications Media Group Co Ltd, NNK Group Ltd, and China Binary New Fintech Group.
– China Communications Media Group Co Ltd ($TPEX:6404)
The China Communications Media Group Co Ltd has a market capitalization of 401.91M as of 2022. The company has a Return on Equity of -32.68%. The company is engaged in the business of television and radio broadcasting, film and television production, and new media.
– NNK Group Ltd ($SEHK:03773)
NNK Group Ltd has a market cap of 290.5M as of 2022, a Return on Equity of 8.95%. The company is engaged in the business of providing services to the natural gas and oil industry. It operates through two segments: Natural Gas Services and Oilfield Services. The Natural Gas Services segment includes the provision of natural gas transportation, storage, and processing services. The Oilfield Services segment provides services to the oil and gas industry, including drilling, completion, and production services.
– China Binary New Fintech Group ($SEHK:08255)
Binary New Fintech Group is a provider of online financial services. The company offers a range of services including online trading, asset management, and investment advisory. Binary New Fintech Group has a market cap of $37.92M as of 2022 and a return on equity of -23846.21%. The company is headquartered in Hong Kong and operates through a network of subsidiaries and affiliates in China, Europe, and the United States.
Summary
Investors in FULL TRUCK ALLIANCE should be encouraged by the company’s strong financial performance in its second quarter of fiscal year 2023. Total revenue increased 23.5% year-on-year to CNY 2062.0 million, while net income improved significantly from CNY 11.4 million to CNY 605.5 million. This suggests that FULL TRUCK ALLIANCE is well-positioned to continue its positive momentum in the coming quarters. The company’s growth potential should be closely monitored by investors as it continues to expand its market presence.
Related Posts
Recent Posts
