YMM

Full Truck Alliance Co Ltd

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Advanced Chart

11.360

+0.14(1.248%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

11.600

Open

11.300

VWAP

11.41

Vol

6.80M

Mkt Cap

11.88B

Low

11.275

Amount

77.60M

EV/EBITDA(TTM)

19.00

Total Shares

1.05B

9.02B

EV/OCF(TTM)

20.95

P/S(TTM)

7.30

Full Truck Alliance Co Ltd is a freight dispatch platform mainly engaged in the development of cloud computing, big data, mobile Internet and artificial intelligence technology. The Company’s main services include freight listing services, it can help shippers issue invoices and help truck drivers find goods in a standardized way through a mobile application; freight brokerage services, providing end-to-end freight matching services, to provide a higher level of service quality assurance; and online trading services. The Company also provides a range of value-added services to meet the basic needs of shippers and truck drivers. For example, shippers can access shipping management systems, credit solutions and insurance on the platform. Truckers can access software for routing and managing traffic ticket records, credit solutions, insurance, electronic billing, services and energy services on the platform.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

3.45B

+8.65%

1.277

+28.97%

3.34B

+10.02%

1.275

+8.96%

3.09B

+11.77%

1.177

+29.35%

Estimates Revision

The market is revising Upward the revenue expectations for Full Truck Alliance Co. Ltd. (YMM) for FY2025, with the revenue forecasts being adjusted by 0.36% over the past three months. During the same period, the stock price has changed by -6.04%.

Revenue Estimates for FY2025

Revise Upward

+0.36%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.99%

In Past 3 Month

Stock Price

Go Down

-6.04%

In Past 3 Month

2 Analyst Rating

27.64% Upside

Wall Street analysts forecast YMM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for YMM is 14.50 USD with a low forecast of 13.00 USD and a high forecast of 16.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

1 Hold

0 Sell

Moderate Buy

27.64% Upside

Current: 11.360

Low

13.00

Averages

14.50

High

16.00

27.64% Upside

Current: 11.360

Low

13.00

Averages

14.50

High

16.00

Morgan Stanley

Eddy Wang

Overweight

maintain

$15

2025-07-28

Reason

Morgan Stanley

Eddy Wang

Price Target

$15

2025-07-28

maintain

Overweight

Reason

Morgan Stanley analyst Eddy Wang placed a "Research Tactical Idea" of Full Truck Alliance, expecting the shares to rise over the next 15 days. Full Truck's valuation is "more compelling" following the recent selloff, the analyst tells investors in a research note. The firm believes investor concerns on the company's credit solution business and regulation headwinds are overdone. It expects Full Truck to report strong Q2 results and keeps an Overweight rating on the shares with a $15 price target.

Citi

Buy

downgrade

$16

2025-05-22

Reason

Citi

Price Target

$16

2025-05-22

downgrade

Buy

Reason

Citi lowered the firm's price target on Full Truck Alliance to $16 from $16.50 and keeps a Buy rating on the shares. The company reported solid results with decent order volume growth and an earnings beat, the analyst tells investors in a research note. The firm says that despite some short-term investments, Full Truck has solid fundamentals with faster order volume growth outlook.

JP Morgan

Karen Li

Buy

Hold

Downgrades

$18 → $10

2025-04-14

Reason

JP Morgan

Karen Li

Price Target

$18 → $10

2025-04-14

Downgrades

Buy

Hold

Reason

JPMorgan downgraded Full Truck Alliance to Neutral from Overweight with a price target of $10, down from $18. The stock's selloff coincided with the escalation of trade tensions, marked by the U.S.'s announcement of reciprocal tariffs, including increased tariffs on Chinese imports, the analyst tells investors in a research note. The firm says that while Full Truck 's direct exposure to export sectors is limited, as its demand is primarily driven by building materials, coal, metals and agricultural products, and the company remains "somewhat insulated from immediate shocks" in 2025, there may be secondary impacts from 2026 onwards. It cites trade tensions and market shifts for the downgrade.

Barclays

Jiong Shao

Hold

Maintains

$7 → $13

2025-03-10

Reason

Barclays

Jiong Shao

Price Target

$7 → $13

2025-03-10

Maintains

Hold

Reason

Barclays raised the firm's price target on Full Truck Alliance to $13 from $7 and keeps an Equal Weight rating on the shares following the "solid" Q4 report. However, with the shares already trading near upper end of the multiple range among peers amid the recent macro China driven rally, Full Truck is fairly valued, the analyst tells investors in a research note.

JP Morgan

Karen Li

Hold

Buy

Upgrades

$13 → $18

2025-03-06

Reason

JP Morgan

Karen Li

Price Target

$13 → $18

2025-03-06

Upgrades

Hold

Buy

Reason

JPMorgan analyst Karen Li upgraded Full Truck Alliance to Overweight from Neutral with a price target of $18, up from $13. The firm says the company has "captured the market's attention with its unexpectedly bullish guidance" fiscal 2025, signaling a "transformative year ahead." Full Truck's guidance, particularly its focus on margin expansion and operational efficiency, has set the stage for faster earnings growth, the analyst tells investors in a research note. JPMorgan believes all the company's positives are yet to be fully priced into the shares. It sees upside potential as Full Truck Alliance continues to refine its business model.

JP Morgan

Karen Li

Buy

Hold

Downgrades

$12 → $13

2024-12-11

Reason

JP Morgan

Karen Li

Price Target

$12 → $13

2024-12-11

Downgrades

Buy

Hold

Reason

JPMorgan downgraded Full Truck Alliance to Neutral from Overweight with a price target of $13, up from $12. The firm cites valuation for the downgrade following the stock's recent rally. Full Truck shares are up 70% year-to-date, which reflects much of its positive outlook, the analyst tells investors in a research note. JPMorgan recommends taking profits at current share levels.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Full Truck Alliance Co Ltd (YMM.N) is 16.50, compared to its 5-year average forward P/E of 18.86. For a more detailed relative valuation and DCF analysis to assess Full Truck Alliance Co Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

18.86

Current PE

16.50

Overvalued PE

271.74

Undervalued PE

-234.02

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

7.59

Current EV/EBITDA

11.81

Overvalued EV/EBITDA

62.94

Undervalued EV/EBITDA

-47.76

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

7.84

Current PS

6.17

Overvalued PS

11.88

Undervalued PS

3.80