BYD COMPANY LIMITED Financials BYD Company Limited Hong Kong S.E.
Equities
81211
CNE1000062P8
Auto & Truck Manufacturers
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 215.4 CNY | -2.97% |
|
-2.97% | +10.52% |
| 26/06 | BYD Unveils Third EV Vehicle in Japan | MT |
| 25/06 | Umwelthilfe applies for higher parking fees for SUV vehicles in 150 cities | DP |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,18,176 | 5,08,619 | 7,24,739 | 6,50,552 | 5,72,350 | 6,86,412 | - | - |
| Enterprise Value (EV) 1 | 1,83,247 | 5,45,613 | 7,08,260 | 6,18,292 | 5,01,295 | 5,98,896 | 5,31,866 | 4,73,042 |
| P/E ratio | 69.4 x | 116 x | 205 x | 29.8 x | 18.9 x | 18.5 x | 14.9 x | 12.2 x |
| Yield | 0.17% | 0.09% | 0.05% | 0.67% | 1.59% | 1.54% | 1.84% | 2.26% |
| Capitalization / Revenue | 0.97 x | 3.31 x | 3.35 x | 1.53 x | 0.95 x | 0.94 x | 0.8 x | 0.7 x |
| EV / Revenue | 1.5 x | 3.56 x | 3.28 x | 1.46 x | 0.83 x | 0.82 x | 0.62 x | 0.48 x |
| EV / EBITDA | 10.9 x | 24.4 x | 38.4 x | 15 x | 6.25 x | 6.68 x | 5.04 x | 3.77 x |
| EV / FCF | 79.4 x | 16.1 x | 24.5 x | 14.2 x | 10.4 x | 14.3 x | 10.5 x | 6.85 x |
| FCF Yield | 1.26% | 6.21% | 4.09% | 7.06% | 9.6% | 6.97% | 9.49% | 14.6% |
| Price to Book | 1.67 x | 8.6 x | 6.65 x | 4.46 x | 4.08 x | 3.77 x | 3.15 x | 2.71 x |
| Nbr of stocks (in thousands) | 27,28,143 | 27,28,143 | 29,11,143 | 29,05,632 | 29,05,632 | 29,03,755 | - | - |
| Reference price 2 | 34.72 | 171.0 | 217.2 | 170.1 | 194.9 | 214.8 | 214.8 | 214.8 |
| Announcement Date | 31/03/20 | 29/03/21 | 29/03/22 | 28/03/23 | 26/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,21,778 | 1,53,469 | 2,16,142 | 4,24,061 | 6,02,315 | 7,31,417 | 8,62,788 | 9,85,487 |
| EBITDA 1 | 16,806 | 22,381 | 18,465 | 41,328 | 80,265 | 89,712 | 1,05,599 | 1,25,326 |
| EBIT 1 | 7,337 | 10,193 | 4,632 | 21,542 | 38,103 | 40,932 | 51,979 | 63,920 |
| Operating Margin | 6.03% | 6.64% | 2.14% | 5.08% | 6.33% | 5.6% | 6.02% | 6.49% |
| Earnings before Tax (EBT) 1 | 2,431 | 6,883 | 4,518 | 21,080 | 37,269 | 42,682 | 52,246 | 64,448 |
| Net income 1 | 1,614 | 4,234 | 3,045 | 16,622 | 30,041 | 33,528 | 40,600 | 48,842 |
| Net margin | 1.33% | 2.76% | 1.41% | 3.92% | 4.99% | 4.58% | 4.71% | 4.96% |
| EPS 2 | 0.5000 | 1.470 | 1.060 | 5.710 | 10.32 | 11.64 | 14.41 | 17.65 |
| Free Cash Flow 1 | 2,307 | 33,878 | 28,949 | 43,649 | 48,102 | 41,771 | 50,458 | 69,011 |
| FCF margin | 1.89% | 22.07% | 13.39% | 10.29% | 7.99% | 5.71% | 5.85% | 7% |
| FCF Conversion (EBITDA) | 13.73% | 151.37% | 156.78% | 105.62% | 59.93% | 46.56% | 47.78% | 55.07% |
| FCF Conversion (Net income) | 142.89% | 800.08% | 950.66% | 262.59% | 160.12% | 124.58% | 124.28% | 141.3% |
| Dividend per Share 2 | 0.0600 | 0.1480 | 0.1050 | 1.142 | 3.096 | 3.299 | 3.944 | 4.852 |
| Announcement Date | 31/03/20 | 29/03/21 | 29/03/22 | 28/03/23 | 26/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 Q4 | 2021 S2 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2022 S2 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 59,594 | 58,028 | 95,441 | 89,131 | 70,950 | 1,22,169 | 66,825 | 83,782 | 1,50,607 | 1,17,081 | 1,56,373 | 2,73,453 | 1,20,174 | 1,39,951 | 1,62,151 | 1,80,041 | 1,24,944 | 1,69,836 | 2,06,479 | 2,42,484 | 1,77,263 | 2,06,435 |
| EBITDA | 10,382 | 9,131 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | 4,874 | 3,874 | 6,319 | 1,854 | 763.2 | 3,269 | 1,061 | 3,561 | 4,622 | 7,463 | 9,456 | - | 5,299 | 8,433 | 12,906 | 11,466 | 5,798 | 6,794 | 11,363 | 13,422 | - | - |
| Operating Margin | 8.18% | 6.68% | 6.62% | 2.08% | 1.08% | 2.68% | 1.59% | 4.25% | 3.07% | 6.37% | 6.05% | - | 4.41% | 6.03% | 7.96% | 6.37% | 4.64% | 4% | 5.5% | 5.54% | - | - |
| Earnings before Tax (EBT) 1 | 565.2 | 2,928 | 3,955 | - | - | 2,314 | - | - | 4,641 | - | 8,961 | 16,438 | 5,217 | 8,183 | 12,665 | 11,203 | 5,717 | 19,469 | 1,03,481 | -91,639 | - | - |
| Net income 1 | 157 | 1,662 | 2,572 | - | 602.1 | 1,872 | - | 2,787 | 3,595 | 5,716 | 7,311 | 13,027 | 4,130 | 6,824 | 10,413 | 8,674 | 4,569 | 7,615 | 11,559 | 13,253 | - | - |
| Net margin | 0.26% | 2.86% | 2.69% | - | 0.85% | 1.53% | - | 3.33% | 2.39% | 4.88% | 4.68% | 4.76% | 3.44% | 4.88% | 6.42% | 4.82% | 3.66% | 4.48% | 5.6% | 5.47% | - | - |
| EPS 2 | 0.0100 | 0.5600 | 0.9100 | 0.4100 | - | 0.6500 | - | - | 1.240 | - | - | 4.470 | 1.420 | 2.350 | 3.580 | 2.970 | 1.570 | 2.590 | 4.090 | 3.760 | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 31/03/20 | 28/08/20 | 29/03/21 | 27/08/21 | 29/03/22 | 29/03/22 | 27/04/22 | 29/08/22 | 29/08/22 | 28/10/22 | 28/03/23 | 28/03/23 | 27/04/23 | 28/08/23 | 30/10/23 | 26/03/24 | 29/04/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 65,072 | 36,994 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 16,091 | 32,260 | 71,056 | 87,516 | 1,54,545 | 2,13,370 |
| Leverage (Debt/EBITDA) | 3.872 x | 1.653 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 2,307 | 33,878 | 28,949 | 43,649 | 48,102 | 41,771 | 50,458 | 69,011 |
| ROE (net income / shareholders' equity) | 2.88% | 7.43% | 3.73% | 16.1% | 24.4% | 21.6% | 22.7% | 22.8% |
| ROA (Net income/ Total Assets) | 0.83% | 2.14% | 1.23% | 4.21% | 5.12% | 4.67% | 5.06% | 5.17% |
| Assets 1 | 1,95,100 | 1,98,326 | 2,48,404 | 3,94,820 | 5,86,700 | 7,18,673 | 8,02,171 | 9,45,388 |
| Book Value Per Share 2 | 20.80 | 19.90 | 32.70 | 38.10 | 47.80 | 57.10 | 68.10 | 79.20 |
| Cash Flow per Share 2 | 5.400 | 15.80 | 22.80 | 48.40 | 58.40 | 38.90 | 46.80 | 50.50 |
| Capex 1 | 12,434 | 11,515 | 36,517 | 97,189 | 1,21,623 | 96,814 | 90,182 | 90,371 |
| Capex / Sales | 10.21% | 7.5% | 16.89% | 22.92% | 20.19% | 13.24% | 10.45% | 9.17% |
| Announcement Date | 31/03/20 | 29/03/21 | 29/03/22 | 28/03/23 | 26/03/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
214.8
CNY
Average target price
268.4
CNY
Spread / Average Target
+24.94%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.32% | 78.91B | |
| +20.99% | 74.16B | |
| -12.62% | 68.71B | |
| +18.21% | 45.89B | |
| +31.50% | 37.03B | |
| +1.92% | 22B | |
| -21.21% | 16.23B | |
| +52.94% | 11.77B | |
| -23.14% | 9.22B |
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