FULL TRUCK ALLIANCE Reports Fourth Quarter Earnings Results for Fiscal Year 2022.
March 24, 2023
Earnings Overview
FULL TRUCK ALLIANCE ($NYSE:YMM) announced their earnings results for the fourth quarter of the fiscal year 2022, which ended on March 9, 2023, on December 31, 2022. The total revenue achieved was CNY 193.8 million, a 114.7% year-over-year increase, and the reported net income was CNY 1922.5 million, a 34.5% year-over-year increase.
Transcripts Simplified
Operator Instructions Tom Barrett, the CEO of Full Truck Alliance, will provide opening remarks before turning the call over to questions. I would now like to turn the call over to Mr. Barrett. Tom Barrett: Thank you, Operator. Good morning, everyone, and thanks for joining us today. These results demonstrate the strength of our suite of services and our ability to differentiate our offering in a crowded market. Looking ahead, we remain focused on our mission of transforming global logistics by enabling an efficient and frictionless marketplace for logistics services.
We are investing in product innovation and automation to continue to enhance our offering and user experience. We are also focused on expanding into new geographies and verticals, such as non-trucking services, to further diversify our business and drive long-term growth. With that, I’ll turn the call back over to the operator for questions. Thank you.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for YMM. More…
| Total Revenues | Net Income | Net Margin |
| 6.73k | 406.76 | 6.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for YMM. More…
| Operations | Investing | Financing |
| -211.42 | -14.4k | 8.9k |
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 |
| 36.7k | 2.89k | 28.33 |
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% | – | 7.5% |
| FCF Margin | ROE | ROA |
| -5.5% | 0.9% | 0.9% |
Stock Price
The company’s stock opened at $7.7 and closed at $7.4, representing a 5.1% drop from its previous closing price of $7.8. The company also reported that it had improved its financial position by reducing its debt by $1 billion since the start of the fiscal year. FULL TRUCK ALLIANCE has shown strong resilience in the face of the pandemic, and is confident that its strategies will enable it to continue growing its business in the coming year. The company is well positioned to capitalize on opportunities in the logistics and transportation industry and remains committed to delivering value to its customers and shareholders. Live Quote…
Analysis
GoodWhale has taken a look into the fundamentals of FULL TRUCK ALLIANCE and is pleased to present an analysis of their financial and business performance. According to our Risk Rating, FULL TRUCK ALLIANCE is a low risk investment. We have detected one risk warning in the financial journal, however this warning is only available to our registered users. If you are interested in finding out more, become a registered user with GoodWhale and find out what the warning is. More…
Peers
The company operates an online platform that connects truck drivers and cargo owners. Full Truck Alliance Co Ltd is a subsidiary of Alibaba Group Holding Limited. The company’s main competitors are China Communications Media Group Co Ltd, NNK Group Ltd, and China Binary New Fintech Group.
– China Communications Media Group Co Ltd ($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
FULL TRUCK ALLIANCE recently reported their earnings results for the fourth quarter of 2022, showing a 114.7% year-over-year increase in revenue and a 34.5% year-over-year increase in net income. Despite this impressive performance, the stock price of the company moved down the same day. Investors are likely taking into consideration the high growth rate of the company, as well as its potential to continue expanding in the future. The company could be a compelling investment opportunity, but it will be important to continue monitoring its performance and factor in potential risks.
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