China Stock Story

CYD -  USA Stock  

USD 13.67  0.22  1.58%

China Yuchai is generating 0.0872% of daily returns assuming volatility of 2.7491% on return distribution over 60 days investment horizon. Although many risk-takers are getting more into industrials space, some of us are not very happy with China Yuchai's current volatility. We will evaluate if China Yuchai's current volatility will continue into February. China Yuchai's low volatility may still impact the value of the stock as we estimate it as currently undervalued. The real value, based on our analysis, is getting close to 17.70 per share.
Published over a week ago
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Is China Yuchai (NYSE:CYD) a good hedge for your existing portfolios?
China Yuchai International has roughly 6.14 B in cash with 1.42 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 150.34, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Volatility is a rate at which the price of China Yuchai or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of China Yuchai may increase or decrease. In other words, similar to China's beta indicator, it measures the risk of China Yuchai and helps estimate the fluctuations that may happen in a short period of time. So if prices of China Yuchai fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

How important is China Yuchai's Liquidity

China Yuchai financial leverage refers to using borrowed capital as a funding source to finance China Yuchai International ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. China Yuchai financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between China Yuchai's total debt and its cash.

How does China utilize its cash?

To perform a cash flow analysis of China Yuchai, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash China Yuchai is receiving and how much cash it distributes out in a given period. The China Yuchai cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
China Yuchai Net Cash Flow from Operations is projected to increase significantly based on the last few years of reporting. The past year's Net Cash Flow from Operations was at 1.9 Billion

China Yuchai Volatility Drivers

China Yuchai unsystematic risk is unique to China Yuchai Interna and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in China Yuchai you can also buy Circor International. You can also mitigate this risk by investing in the specialty industrial machinery sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing China Yuchai important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in China Yuchai income statement and balance sheet. Here are more details about China volatility.
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