Sinotruk (Hong Kong) Ltd SHKLY

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsChina

Last close 211.42 USD on Nov 3, 2026, +44.2% year to date

Quant rating

Quant rating B Rank 69 of 418 in Industrials

Growth C 216 of 418
Valuation A 57 of 418
Quality C 256 of 418
Revisions A 59 of 418
Momentum A 37 of 418

Wall Street consensus Buy (1.60)Average target 6.41 USD −97.0%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 11.7B
Enterprise value: 6.7B
52-week range: 195.63 – 324.52
3-year range: 89.78 – 324.52
Dividend yield: 6.40%
Beta (5 years): –
Shares outstanding: 2,761M
Next earnings: Mar 27, 2027

About the company

Sinotruk Hong Kong Ltd is a holding company mainly engaged in the research and development and manufacturing of heavy-duty trucks, light-duty trucks, buses, and others, and related major assemblies and parts. The Company operates four segments. Heavy Duty Trucks segment is engaged in the manufacture and sale of heavy-duty trucks, medium-duty trucks and related parts. Light Duty Trucks and Others segment is engaged in the manufacture and sale of light-duty trucks and other vehicles and related parts. Engines segment is engaged in the manufacture and sale of engines, gearboxes and related parts. Finance segment provides deposits, loans, bill discounts, bill issuance, entrusted loans, automotive and supply chain financial services, and others.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	15,664	13,023	12,046	8,613	14,697	–
Revenue growth	20.3%	8.1%	39.9%	−41.4%	−2.3%	0.8%
EPS (basic, normalized)	0.37	0.29	0.27	0.09	0.25	–
EPS growth	25.8%	9.5%	183.0%	−61.8%	–	–
Gross margin	15.1%	15.6%	16.7%	16.8%	16.8%	16.2%
Net margin	6.4%	6.2%	6.2%	2.8%	4.6%	5.2%
ROE	16.3%	14.4%	14.0%	4.7%	12.8%	12.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	15,664	+20.3%	0.4x	1,449	+25.1%	4.6x	0.37	+25.8%	573.0x
2026	20,190	+28.9%	0.3x	1,828	+26.1%	3.7x	0.47	+28.7%	445.3x
2027	22,282	+10.4%	0.3x	2,070	+13.3%	3.2x	0.55	+16.1%	383.5x
2028	24,435	+9.7%	0.3x	2,306	+11.4%	2.9x	0.62	+11.7%	343.5x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	20,190	+0.5%	+5.5%	+6.9%	0.47	+0.5%	+5.3%	+6.2%
2027	22,282	+0.6%	+5.6%	+7.8%	0.55	+0.8%	+6.9%	+9.1%
2028	24,435	+0.6%	+3.6%	+6.4%	0.62	+0.9%	+5.3%	+8.6%

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SHKLY Sinotruk (Hong Kong) Ltd	11.7B	–	6.4%	1.65x	445.3x	383.5x	3.7x	3.2x
RRX Regal Rexnord Corporation	12.0B	3.20x	4.7%	1.73x	16.9x	14.1x	11.9x	10.7x
CR Crane Company	12.0B	1.24x	14.4%	5.27x	28.1x	25.2x	18.8x	17.1x
LII Lennox International Inc.	11.9B	1.37x	15.5%	9.00x	16.0x	14.8x	11.7x	11.0x
BLMOY Belimo Holding AG	11.8B	–	16.2%	15.53x	0.4x	0.3x	28.8x	24.4x
FELTY FUJI ELECTRIC CO., LTD.	11.4B	0.13x	8.0%	2.17x	3.7x	3.4x	8.1x	7.5x
Mean		1.48x	10.9%	5.89x	85.1x	73.6x	13.8x	12.3x
Median		1.30x	11.2%	3.72x	16.5x	14.4x	11.8x	10.8x

Technical analysis

1M−8.5%
3M+44.2%
1Y+44.2%
3Y+156.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sinotruk (Hong Kong) Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	15,664	13,023	12,046	8,613	14,697	15,049
Cost of revenue	13,302	10,987	10,040	7,162	12,231	12,048
Gross profit	2,362	2,037	2,006	1,451	2,466	3,002
Selling, general & administrative expenses	913	781	861	799	1,214	1,256
Research & development	415	375	345	366	516	402
Interest expense (income), operating	−48.9	−80.0	−42.6	−86.5	−21.2	−54.2
Unusual expense (income)	−2.7	28.0	−11.1	−26.5	−59.6	−4.1
Other operating expenses	−77.6	−88.8	−61.3	−4.6	−90.2	−49.5
Operating income	1,164	1,022	914	404	907	1,451
Net interest income (expense)	97.3	44.2	55.7	15.6	16.2	12.3
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	1,261	1,066	970	420	923	1,464
Provision for taxes	165	150	149	139	182	326
Minority interest	−92.3	−114	−71.7	−38.4	−61.0	−87.8
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	1,004	803	749	243	680	1,050
Extraordinary items	–	–	–	–	–	–
Net income	1,004	803	749	243	680	1,050
EBIT, normalized	1,134	971	867	309	827	1,394
EBITDA, normalized	1,402	1,218	1,088	525	1,067	1,653
Basic EPS, normalized	0.37	0.29	0.27	0.09	0.25	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Sinotruk (Hong Kong) Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	5,815	5,553	6,789	6,266	5,098	5,498
Receivables	4,537	3,740	2,406	2,333	3,783	3,094
Total inventory	3,179	1,595	1,879	1,958	2,624	3,189
Prepaid expenses	144	123	200	118	136	131
Other current assets	1,200	1,378	992	917	951	973
Total current assets	14,875	12,388	12,267	11,592	12,592	12,885
Property, plant & equipment	2,393	2,422	2,548	2,584	2,640	2,282
Goodwill	9.9	9.4	9.7	10.0	19.1	10.6
Intangibles	17.6	18.0	21.4	33.7	42.4	48.3
Long-term investments	2,767	1,768	1,253	406	334	274
Note receivable	1,345	777	709	330	788	1,103
Other long-term assets	489	396	351	362	432	410
Total assets	21,897	17,779	17,158	15,317	16,848	17,013
Liabilities
Accounts payable	10,002	7,271	6,569	4,824	5,900	8,382
Payable/accrued	–	–	–	–	–	–
Accrued expenses	613	545	576	565	568	642
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	706	717	692	565	553	229
Other current liabilities	2,728	2,297	2,382	2,951	2,879	2,068
Total current liabilities	14,049	10,830	10,219	8,904	9,900	11,321
Long-term debt	77.7	64.3	20.1	0	0.2	36.7
Minority interest	1,176	1,095	1,083	1,029	1,117	546
Other liabilities	161	151	162	173	214	187
Total liabilities	15,464	12,140	11,484	10,107	11,232	12,091
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	2,391	2,290	2,355	2,424	2,632	2,562
Additional paid-in capital	–	–	–	–	–	–
Retained earnings (accumulated deficit)	4,118	3,420	3,316	2,778	2,981	2,359
Treasury stock	–	–	–	–	–	–
Other equity	−75.0	−71.0	3.0	7.9	2.8	1.0
Total equity	6,434	5,639	5,674	5,210	5,616	4,922
Total liabilities & shareholders' equity	21,897	17,779	17,158	15,317	16,848	17,013

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sinotruk (Hong Kong) Ltd, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	1,261	1,066	970	420	923	1,464
Depreciation, depletion & amortization	268	246	222	216	239	258
Deferred taxes	–	–	–	–	–	–
Non-cash items	−105	22.0	25.4	100	−39.0	5.2
Changes in working capital	−334	47.6	385	844	−1,629	1,260
Cash from operations	1,090	1,382	1,602	1,580	−505	2,987
Investing activities
Capital expenditures	−148	−307	−361	−218	−404	−253
Other investing cash flows	466	−879	−1,198	−2,481	399	−652
Cash from investing	318	−1,187	−1,558	−2,699	−5.8	−905
Financing activities
Financing cash flow items	−63.5	−73.4	−8.8	−29.1	757	−247
Cash dividends paid	−469	−614	−114	−226	−380	−152
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	30.2	33.0	56.9	−11.4	−68.5	−108
Cash from financing	−502	−655	−66.4	−266	308	−507
Foreign exchange effects	16.9	8.2	13.6	18.6	−10.6	−23.8
Net change in cash	923	−452	−9.2	−1,367	−214	1,552
Free cash flow	942	1,074	1,241	1,362	−910	2,734

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 3, 2026 after market close.