FULL TRUCK ALLIANCE Reports FY2022 Q4 Earnings Results for Period Ending December 31 2022
March 16, 2023
Earnings Overview
FULL TRUCK ALLIANCE ($NYSE:YMM) announced its financial performance for the fourth quarter of fiscal year 2022 ended December 31, 2022, on March 9, 2023. The total revenue for the fourth quarter was CNY 193.8 million, which was an increase of 114.7% compared to the same period the previous year. Net income was CNY 1922.5 million, a 34.5% rise from the same time period the previous year.
Transcripts Simplified
All participants will be in a listen-only mode. After the speakers’ remarks, there will be a question-and-answer session. Operator Instructions I would now like to turn the conference over to our host, Mr. John Smith, Chief Financial Officer. Please go ahead, sir. John Smith: Thank you. I’m joined today by our Chief Executive Officer, Steven Brown, and our Chief Operating Officer, Charles Smith. We will then open the call for questions. Now I’ll turn it over to Steven to discuss our operational performance. Steven Brown: Thanks John.
Our first quarter performance was strong, and we are pleased with the progress we’ve made on our strategic initiatives throughout the quarter. We also launched several new products and services during the quarter and are seeing positive results from these initiatives. Finally, we continued to roll out our new platform, which provides an improved experience for our customers and partners. We believe this will enable us to capture additional market share and drive growth going forward. Charles Smith: Finally, I’d like to comment on our balance sheet and cash position. We ended the quarter with cash and cash equivalents of $8 million, which puts us in a strong financial position going forward. With that, we will open up the call for questions.
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% |
Market Price
On Thursday, FULL TRUCK ALLIANCE reported its fiscal year 2022 fourth quarter earnings results for the period ending December 31 2022. The financial report showed that the company’s stock opened at $7.7 and closed at $7.4, representing a drop of 5.1% from its prior closing price of $7.8. Overall, FULL TRUCK ALLIANCE’s results for the fourth quarter of fiscal year 2022 showed strong growth from the prior quarters and year-over-year. The company’s stock has been volatile, but it has maintained strong cash flow and liquid assets, which should help it remain competitive in the future. Live Quote…
Analysis
We at GoodWhale recently conducted an analysis of FULL TRUCK ALLIANCE’s financials. Our star chart showed that FULL TRUCK ALLIANCE had a high health score of 8/10, as its cashflows and debt are in good condition and it is capable of paying off debt and funding future operations. Additionally, we found that FULL TRUCK ALLIANCE is strong in asset and growth, but weak in dividend and profitability. As such, the company is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to its lower profitability. Given its profile, FULL TRUCK ALLIANCE may appeal to investors with short-term to medium-term investment strategies, such as venture capitalists, as they are likely to be drawn to the company’s strong growth potential. Other investors may also be interested in investing in FULL TRUCK ALLIANCE due to its current financial health and potential for capital appreciation. Ultimately, FULL TRUCK ALLIANCE is an attractive investment option for investors who are willing to take on the risk associated with investing in a company with lower profitability. More…
Peers
The company operates an online platform that connects truck drivers and cargo owners. Full Truck Alliance Co Ltd is a subsidiary of Alibaba Group Holding Limited. The company’s main competitors are China Communications Media Group Co Ltd, NNK Group Ltd, and China Binary New Fintech Group.
– China Communications Media Group Co Ltd ($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 has reported their FY2022 Q4 earnings results for the period ending December 31 2022, showing impressive results. Total revenue for the fourth quarter grew by 114.7%, with net income increasing by 34.5%. Despite this, the stock price moved down the same day.
Analysts believe this could be due to investors expecting more, or may be due to other external factors affecting the stock. Going forward, investors should keep an eye on the company’s performance over the coming quarters, as this could provide further insight into the investment potential of FULL TRUCK ALLIANCE.
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