Full Truck Alliance (YMM) is China's largest digital freight platform, offering freight matching and value-added services, with a dominant market share and significant growth potential. YMM's revenue and order volume are increasing, driven by rising online penetration rates and higher monetization rates, with a projected revenue growth of over 20% in 2025 and 2026. Despite regulatory and competitive risks, YMM's current valuation is low, trading at 16 times 2025 earnings, with a target price of $16.5-$17 per share.
Does Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) have what it takes to be a top stock pick for momentum investors?
Full Truck Alliance Co. Ltd. (NYSE:YMM ) Q3 2024 Earnings Conference Call November 20, 2024 7:00 AM ET Company Participants Mao Mao - Head of Investor Relations Hui Zhang - Founder, Chairman and Chief Executive Officer Simon Cai - Chief Financial Officer Conference Call Participants Charlie Chen - China Renaissance Eddy Wang - Morgan Stanley Jiulu Li - CICC Yuxuan Mi - UBS Operator Ladies and gentlemen, good day, and welcome to Full Truck Alliance's Third Quarter 2024 Earnings Conference Call.
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share.
Full Truck Alliance (YMM) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The consensus price target hints at a 39.6% upside potential for Full Truck Alliance (YMM). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Full Truck Alliance Co. Ltd.'s revenue and net income attributable to shareholders rose significantly by +34% YoY and +33% YoY, respectively in Q2 2024. The company sees its order volume increasing by +20% or more for the full year, which will be on par with its actual Q2 2024 order volume expansion of +22%. Full Truck Alliance's solid second quarter results and positive full-year prospects support a higher valuation multiple and a Buy rating.
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.13 per share, in line with the Zacks Consensus Estimate.
Full Truck Alliance's Q1 2024 financial results were better than expected, with its top line and bottom line expanding by +33% and +50%, respectively on YoY terms. YMM's potential shareholder yield could be as high as 4.5% as per my estimates. I revise my rating for the stock from a Hold to a Buy, following an evaluation of the company's financial performance and shareholder capital return.
Full Truck Alliance Co. Ltd. Sponsored ADR (YMM) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.09 per share.