Full Truck Alliance Co. Ltd.
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
0.400.272.01
Price/Sales ratio
0.910.750.68
Earnings per Share (EPS)
$27.25$40.22$5.41

Historical Multiples (2019 – 2023)

2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-105.42-43.88-9.78145.9424.8726.91-26.83
Price/Sales ratio
65.7159.027.678.816.528.137.90
Price/Book Value ratio
11.166.601.131.761.542.291.71
Price/Cash Flow ratio
-175.90265.04-169.06-3.82K24.253.17K47.98
Price/Free Cash Flow ratio
-173.93292.00-140.37-586.5725.373.24K75.81
Price/Earnings Growth ratio
N/A-0.35-0.13-1.350.06-0.54-0.34
Dividend Yield
N/AN/AN/AN/AN/A0.18%N/A
Profitability Indicator Ratios
Gross Profit Margin
43.79%49.00%45.45%47.80%85.38%53.58%47.23%
Operating Profit Margin
-41.26%-140.05%-81.51%-1.69%11.82%18.05%-110.78%
Pretax Profit Margin
-62.93%-133.74%-78.16%7.54%27.66%31.83%-105.95%
Net Profit Margin
-62.33%-134.48%-78.47%6.04%26.23%29.55%-106.48%
Effective Tax Rate
0.94%-0.56%-0.38%18.90%4.57%5.89%-0.47%
Return on Assets
-9.09%-13.81%-10.62%1.10%5.62%7.62%-12.21%
Return On Equity
-10.59%-15.05%-11.61%1.20%6.21%8.68%-13.33%
Return on Capital Employed
-6.95%-15.59%-11.98%-0.33%2.76%5.11%-13.79%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/A7.64N/A
Quick Ratio
5.3910.4810.5411.317.327.6410.93
Cash ratio
1.745.121.561.882.061.261.72
Days of Sales Outstanding
3.964.912.83144.261.01151.733.87
Days of Inventory outstanding
50.7829.779.458.69N/AN/A9.07
Operating Cycle
54.7434.6812.29152.961.01151.7323.49
Days of Payables Outstanding
4.726.614.222.907.462.133.56
Cash Conversion Cycle
50.0228.078.07150.06-6.45149.5918.07
Debt Ratios
Debt Ratio
0.02N/A0.00N/AN/AN/A0.00
Debt Equity Ratio
0.03N/A0.00N/AN/AN/A0.00
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/A
Total Debt to Capitalization
0.03N/A0.00N/AN/AN/A0.00
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
-1.84N/A-23.49N/AN/AN/A-11.74
Company Equity Multiplier
1.161.091.091.091.101.111.09
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-0.370.22-0.04-0.000.260.000.08
Free Cash Flow / Operating Cash Flow Ratio
1.010.901.206.520.9513.86
Cash Flow Coverage Ratio
-1.84N/A-23.49N/AN/AN/A-11.74
Short Term Coverage Ratio
-1.84N/A-23.49N/AN/AN/A-11.74
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/A