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Yankuang Energy Group Company Limited

YZCAY
45
Coal · Energy
Price
$16.41
+0.00 (+0.00%)
Market Cap
$16.47B
Exchange
Other OTC
Winston Score
45
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Mixed
Growth
Weak
Cash Flow
Strong
Stability
Good
Valuation
Strong
Dividends
Weak

Share count rising — dilution

+36.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 739.1M (2021) → 1.01B (2025)

Winston Score History

The full picture

Yankuang Energy Group is a large Chinese state-owned company that mines and sells coal. Its main product is thermal coal, which power plants burn to generate electricity, along with some coking coal used in steel production. The company is one of China's biggest coal producers and also has operations in chemicals made from coal, such as methanol and fertilizers.

Yankuang makes most of its money by selling coal directly to power utilities and industrial customers, primarily in China. It also has mining operations in Australia, giving it some international reach. Being state-owned gives it access to government support and large long-term supply contracts, which act as a competitive buffer. However, the company faces real risk from China's push to expand renewable energy, which could reduce demand for thermal coal over time and put pressure on long-term revenues.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+14.1% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+48.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

¥1.9B/ year

Declining (-29% vs prior year)

1.5% of revenue

In line with sector average (1%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

53.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥78.9B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Growth + cash flow

Yankuang Energy Group Company Limited is a rare growth stock that's already generating positive cash flow while growing at 14%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
25.9%
Modest — 25.9% gross margin
Profit after running costs
Operating Margin
11.0%
Modest — 11.0% operating margin
Return on the money invested
ROCE
9.5%
Below par — 9.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+4.4%
Slow sales growth (+4.4% YoY)
Profit growth
EPS YoY
-11.7%
Earnings shrinking (-11.7% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
212%
Turns 212% of profit into real cash
Spare cash per sale
FCF Margin
5.6%
Thin free cash flow (5.6%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
1.05
Elevated debt (1.05)
Covers its interest
Interest Cover
4.97x
Adequate interest coverage (5.0x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
21.8x
Growth-priced — P/E 21.8

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+8.8
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (21.8 → 13.0)

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Dividends

Dividend
Dividend Yield
1.44%
Small dividend — 1.44% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
-85.8%
Dividend cut (-85.8% YoY) — warning sign

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