BYD Co Ltd Class H 01211

Morningstar Rating
HK$292.60 +6.80 (2.38%)
View Full Chart
300.00
295.00
290.00
285.00
280.00
12 PM
03 PM
Previous Close Price

Company Report

Leading NEV Manufacturer With Strong In-House Battery Production and Plug-In Technology

BYD is the largest new energy vehicle, or NEV, manufacturer in China in terms of sales volume. Targeting the mass market, it produces both battery electric vehicles and plug-in hybrid vehicles, or PHEVs. BYD has established good brand awareness with popular value-for-money models. Its passenger NEV portfolio covers models from subcompact to midsize sedans and sport utility vehicles, in the CNY 70,000-CNY 400,000 price range for mainstream models.

Price vs Fair Value

01211 is trading at a 155% premium.
Price
HK$292.60
Fair Value
HK$924.00
Uncertainty
High
1-Star Price
HK$497.40
5-Star Price
HK$571.50
Economic Moat
Pjwjz
Capital Allocation
Cksmbrrxn

Bulls Say, Bears Say

Bulls

BYD’s leadership in in-house battery and plug-in technology will differentiate its products from competitors and ensure the success of its future models, including both electric vehicles and PHEVs.

Bears

Rising competition will place heavy pricing pressure on BYD. As a mass-market brand, the company will need to offer aggressive promotions and discounts to consumers, which will weigh on its vehicle margin outlook.

News

Trading Information

Previous Close Price
HK$285.80
Day Range
HK$285.20–297.60
52-Week Range
HK$167.70–320.80
Bid/Ask
HK$292.40 / HK$292.60
Market Cap
HK$851.25 Bil
Volume/Avg
4.7 Mil / 7.2 Mil

Key Statistics

Price/Earnings (Normalized)
27.01
Price/Sales
1.21
Dividend Yield (Trailing)
1.18%
Dividend Yield (Forward)
1.18%
Total Yield
1.18%

Company Profile

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
Sector
Consumer Cyclical
Industry
Auto Manufacturers
Stock Style Box
Large Growth
Total Number of Employees
703,504

Competitors

Valuation

Metric
01211
TSLA
NIO
Price/Earnings (Normalized)
27.0183.67—
Price/Book Value
5.489.804.91
Price/Sales
1.217.671.12
Price/Cash Flow
8.1750.96—
Price/Earnings
01211
TSLA
NIO
4,000.00
2,000.00
0.00
2015
2020

Financial Strength

Metric
01211
TSLA
NIO
Quick Ratio
0.341.210.84
Current Ratio
0.661.841.11
Interest Coverage
20.4723.08−36.17
Quick Ratio
01211
TSLA
NIO
6.00
4.00
2.00
0.00
2015
2020

Profitability

Metric
01211
TSLA
NIO
Return on Assets (Normalized)
4.77%14.17%−17.90%
Return on Equity (Normalized)
23.24%24.25%−99.19%
Return on Invested Capital (Normalized)
16.60%19.33%−35.12%
Return on Assets
01211
TSLA
NIO
200.00
0.00
−200.00
2015
2020

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