J Capital Research

Independent Insight Provider

J Capital Research, a U.S. company, publishes highly diligenced research reports on publicly traded companies, relying on deep, on-the-ground primary research. J Capital has particular expertise in the Chinese market, but we look at over-valued companies throughout the world. As an activist short- and long-research shop, when we form a clear view, we publish free, public reports to inform the investing public and never disguise our identity. We believe the internet has afforded an opportunity to small, unaffiliated investors to leapfrog the big banks, with their conflicts of interest, and obtain unbiased information on traded companies. We pride ourselves on our independence and the quality of our work. We hope the work speaks for itself.

Equity Bottom-Up

China Yuchai International / Equity Bottom-Up

<ul>
<li>The truck and bus engine company China Yuchai (CYD) has seen its share price more than triple in a year.</li>
<li>Although the share price has shot up, CYD trades at around 7.5x EV/Ebitda, not high for a company whose earnings grew 66% in 2025, suggesting that the market may be skeptical about sustainability.</li>
<li>We certainly are.</li>
</ul>


The truck and bus engine company China Yuchai (CYD) has seen its share price more than triple in a year.
Although the share price has shot up, CYD trades at around 7.5x EV/Ebitda, not high for a company whose earnings grew 66% in 2025, suggesting that the market may be skeptical about sustainability.
We certainly are.


China Yuchai International Ltd (CYD): How Real Is It?