Full Truck Alliance Co. Ltd. ADR
Full Truck Alliance Co. Ltd. ADR is a digital freight platform company that connects shippers with truckers through mobile and web-based services. Full Truck Alliance Co. Ltd. ADR facilitates freight matching across different shipment distances, cargo weights, and cargo types, helping streamline the logistics process for businesses that move goods across China. Its core services include freight listing, brokerage, and online transaction tools that digitalize shipping workflows. The company also provides value-added offerings such as credit solutions, insurance brokerage, software services, electronic toll collection, and energy-related services. Full Truck Alliance Co. Ltd. ADR serves a broad logistics ecosystem, supporting shippers, truck drivers, and transportation-focused users with technology-driven tools designed to improve freight coordination and operational efficiency.
$8.75
-$0.07 (-0.79%)
EOD Oct 16, 2026
33.20% operating margin is above average. ROIC at 8.63%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 11.1% YoY with margins expanding 11.2pp.
Even for strong businesses, today's 15x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
14.6x earnings, 13.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
¥12.78B
▲ +11.1% YoY
Net Income (TTM)
¥4.25B
▲ +42.8% YoY
Op. Margin
33.61%
▲ +11.2pp YoY
ROIC
8.63%
▲ +2.4pp YoY
Cash Flow & Balance Sheet
FCF (FY)
¥4.50B
▲ +55.3% YoY
Op. Cash Flow (FY)
¥4.63B
▲ +55.8% YoY
Net Debt
-¥17.08B
Net Cash Position
Cash & Equiv.
¥17.11B
3Y CAGR: +22.9%
Continue Research
Is Full Truck Alliance Co. Ltd. ADR (YMM) overvalued?
At a P/E of 14.6 and a price-to-free-cash-flow of 13.5, Full Truck Alliance Co. Ltd. ADR (YMM) trades below a two-stage DCF intrinsic value of about CNY 234.48 per share, so at CNY 8.75 the stock looks undervalued (2,579.8% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Full Truck Alliance Co. Ltd. ADR scores 88/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Full Truck Alliance Co. Ltd. ADR's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about CNY 234.48 per share for YMM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around CNY 175.86. At today's CNY 8.75, that puts the stock about 2,579.8% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Full Truck Alliance Co. Ltd. ADR a high-quality business?+
Full Truck Alliance Co. Ltd. ADR scores 88 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 33.6% operating margin and a 8.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Full Truck Alliance Co. Ltd. ADR (YMM) pay a dividend, and how much?+
Yes, Full Truck Alliance Co. Ltd. ADR pays a regular dividend of about CNY 0.57 per share per year (typically in quarterly installments), a yield of roughly 1.0% at the current price. That is a payout ratio of about 14.0% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For YMM's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Full Truck Alliance Co. Ltd. ADR a good stock to buy right now?+
That depends on valuation and quality together, not either alone. YMM currently trades below its estimated intrinsic value and scores 88/100 on quality (high-quality). It also yields about 1.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.