# Full Truck Alliance Co. Ltd. American (YMM) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Technology / Software. Price $8.65, market value $9.0 billion.

## Valuation
- **P/E (trailing): 14.4×** (5-yr avg 514.8×, 3-yr avg 514.8×). Full Truck Alliance Co. Ltd. American trades at 14.4× trailing earnings, well below its own five-year average of 514.8×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 10.0×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.20**. A PEG of 0.20 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.5×**. The shares trade at 1.5× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 7.1%** (5-yr avg 0.1%). Free cash flow equals 7.1% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 6.9%**. The inverse of the P/E: 6.9% of the price is earned each year.

## Profitability
- **Gross margin: 65.7%**. Full Truck Alliance Co. Ltd. American keeps 65.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 33.6%**. 33.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 35.7%**. 35.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.0%**. 11.0% on shareholders' equity is solid.
- **Return on assets: 66.5%**. Each dollar of assets produces 66.5% of profit.

## Growth
- **Revenue growth (1 yr): 16.0%** (3-yr 22.3%/yr). Revenue grew 16.0% over the last year.
- **EPS growth (1 yr): 50.0%**. Earnings per share rose 50.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Current ratio: 8.09** (quick 8.09). Current assets cover the next year's liabilities 8.09 times.
- **Altman Z-score: 14.86**. A Z-score of 14.86 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.88%** ($0.34 per share, trailing). Full Truck Alliance Co. Ltd. American yields 3.88%, an income-level yield.
- **Payout ratio: 32%** (32% of free cash flow). 32% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 2**. 2 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover Full Truck Alliance Co. Ltd. American; the consensus is buy, with an average price target of $12.53 (+45% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -32.6%** (YTD -17.8%, 3-mo 1.7%). The shares are down 32.6% over twelve months including dividends.
- **From 52-week high: -38.5%** (16.0% above the low). Trading 39% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 1.19** (volatility 37%). Beta of 1.19 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=YMM · Page: https://foliofundamentals.com/stocks/ymm

Not investment advice.