Company Valuation: BYD Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,24,616 6,51,570 5,71,597 7,85,956 8,45,468 6,54,324 - -
Change - -10.08% -12.27% 37.5% 7.57% -22.61% - -
Enterprise Value (EV) 1 7,08,526 6,19,310 5,00,541 7,03,579 8,74,231 6,95,027 6,79,287 6,22,369
Change - -12.59% -19.18% 40.56% 24.25% -20.5% -2.26% -8.38%
P/E 205x 29.8x 18.9x 18.1x 23.9x 13.8x 11.2x 9.12x
PBR 6.65x 4.47x 4.07x 3.93x 3.17x 1.88x 1.65x 1.45x
PEG - 0x 0.2x 0.5x -1.1x 0.8x 0.5x 0.4x
Capitalization / Revenue 3.43x 1.54x 0.95x 1.01x 1.05x 0.73x 0.67x 0.6x
EV / Revenue 3.35x 1.46x 0.83x 0.91x 1.09x 0.78x 0.69x 0.57x
EV / EBITDA 35x 15x 6.24x 6.13x 7.41x 5.3x 4.55x 3.66x
EV / EBIT 108x 28.7x 13.1x 13.9x 21.8x 15.4x 12.5x 9.37x
EV / FCF 25.2x 14.2x 10.4x 19.5x -8.95x 271x 18.8x 5.58x
FCF Yield 3.97% 7.05% 9.61% 5.13% -11.2% 0.37% 5.33% 17.9%
Dividend per Share 2 0.035 0.3807 1.032 1.325 0.358 0.66 1.208 1.513
Rate of return 0.05% 0.67% 1.59% 1.59% 0.42% 1.14% 2.09% 2.61%
EPS 2 0.3533 1.903 3.44 4.613 3.58 4.181 5.189 6.35
Distribution rate 9.91% 20% 30% 28.7% 10% 15.8% 23.3% 23.8%
Net sales 1 2,11,300 4,24,061 6,02,315 7,77,102 8,03,965 8,94,020 9,82,994 10,92,560
EBITDA 1 20,236 41,328 80,265 1,14,749 1,18,054 1,31,243 1,49,179 1,69,950
EBIT 1 6,571 21,542 38,103 50,486 40,185 45,133 54,467 66,427
Net income 1 3,045 16,622 30,041 40,254 32,619 35,044 47,187 57,248
Net Debt 1 -16,091 -32,260 -71,056 -82,378 28,763 40,704 24,963 -31,955
Reference price 2 72.40 56.79 64.87 83.51 85.68 57.90 57.90 57.90
Nbr of stocks (in thousands) 87,33,429 87,16,895 87,16,895 87,16,224 91,05,624 90,85,053 - -
Announcement Date 29/03/22 28/03/23 26/03/24 24/03/25 27/03/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
394.54x14.36x104.33x-.--% 1,58000Cr
9.8x1.26x11.43x3.32% 23TCr
13.85x0.78x5.3x1.81% 9.83TCr
36.01x9.11x23.23x1.09% 7.61TCr
8.11x0.37x2.97x0.82% 7.37TCr
7.73x1.18x13.74x3.89% 4.95TCr
13.58x0.27x3.14x4.88% 4.89TCr
23.65x1.41x7.98x2.48% 4.75TCr
11.43x0.68x9.2x3.98% 4.42TCr
Average 57.63x 3.27x 20.15x 2.48% 24.98TCr
Weighted average by Cap. 281.63x 10.66x 76.34x 0.81%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BYD Company Limited

Historical PBR trend

Valuation ratios - PBR - BYD Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BYD Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BYD Company Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - BYD Company Limited