WBAG:BY6

Stock Analysis Report

Executive Summary

BYD Company Limited, together with its subsidiaries, engages in the rechargeable battery and photovoltaic, handset components and assembly, and automobile businesses worldwide.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has BYD's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BY6's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

18.6%

BY6

-1.9%

AT Auto

-1.3%

AT Market


1 Year Return

10.1%

BY6

-5.6%

AT Auto

3.5%

AT Market

Return vs Industry: BY6 exceeded the Austrian Auto industry which returned -5.6% over the past year.

Return vs Market: BY6 exceeded the Austrian Market which returned 3.5% over the past year.


Shareholder returns

BY6IndustryMarket
7 Day18.6%-1.9%-1.3%
30 Day15.7%-3.9%0.4%
90 Day39.8%-9.7%-1.2%
1 Year10.7%10.1%-0.9%-5.6%7.2%3.5%
3 Yearn/a2.0%-8.7%27.3%15.8%
5 Yearn/a-17.0%-30.2%51.3%30.3%

Price Volatility Vs. Market

How volatile is BYD's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BYD undervalued compared to its fair value and its price relative to the market?

50.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BY6 (€6.22) is trading above our estimate of fair value (€1.21)

Significantly Below Fair Value: BY6 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BY6 is poor value based on its PE Ratio (50.6x) compared to the Auto industry average (9.8x).

PE vs Market: BY6 is poor value based on its PE Ratio (50.6x) compared to the Austrian market (14.1x).


Price to Earnings Growth Ratio

PEG Ratio: BY6 is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: BY6 is overvalued based on its PB Ratio (2.3x) compared to the XE Auto industry average (0.9x).


Next Steps

Future Growth

How is BYD forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?

15.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BY6's forecast earnings growth (15.7% per year) is above the savings rate (-0.1%).

Earnings vs Market: BY6's earnings (15.7% per year) are forecast to grow faster than the Austrian market (2.3% per year).

High Growth Earnings: BY6's earnings are forecast to grow, but not significantly.

Revenue vs Market: BY6's revenue (9.3% per year) is forecast to grow faster than the Austrian market (2.7% per year).

High Growth Revenue: BY6's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BY6's Return on Equity is forecast to be low in 3 years time (5.5%).


Next Steps

Past Performance

How has BYD performed over the past 5 years?

16.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BY6 has a large one-off gain of CN¥1.3B impacting its September 30 2019 financial results.

Growing Profit Margin: BY6's current net profit margins (2.1%) are lower than last year (2.3%).


Past Earnings Growth Analysis

Earnings Trend: BY6's earnings have grown by 16% per year over the past 5 years.

Accelerating Growth: BY6's earnings growth over the past year (0.9%) is below its 5-year average (16% per year).

Earnings vs Industry: BY6 earnings growth over the past year (0.9%) underperformed the Auto industry 2.3%.


Return on Equity

High ROE: BY6's Return on Equity (5.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is BYD's financial position?


Financial Position Analysis

Short Term Liabilities: BY6's short term assets (CN¥111.6B) exceed its short term liabilities (CN¥109.1B).

Long Term Liabilities: BY6's short term assets (CN¥111.6B) exceed its long term liabilities (CN¥26.7B).


Debt to Equity History and Analysis

Debt Level: BY6's debt to equity ratio (127.4%) is considered high.

Reducing Debt: BY6's debt to equity ratio has increased from 107.5% to 127.4% over the past 5 years.

Debt Coverage: BY6's debt is not well covered by operating cash flow (12.2%).

Interest Coverage: BY6's interest payments on its debt are not well covered by EBIT (2x coverage).


Balance Sheet

Inventory Level: BY6 has a high level of physical assets or inventory.

Debt Coverage by Assets: BY6's debt is covered by short term assets (assets are 1.4x debt).


Next Steps

Dividend

What is BYD's current dividend yield, its reliability and sustainability?

0.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BY6's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: BY6's dividend (0.42%) is low compared to the top 25% of dividend payers in the Austrian market (4.58%).


Stability and Growth of Payments

Stable Dividend: BY6 is not paying a notable dividend for the Austrian market, therefore no need to check if payments are stable.

Growing Dividend: BY6 is not paying a notable dividend for the Austrian market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: BY6 is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BY6's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

11.7yrs

Average board tenure


CEO

Chuan-Fu Wang (53yo)

CN¥5,667,000

Compensation

Mr. Chuan-Fu Wang serves as the President, Chief Executive Officer and Chairman of BYD Auto Co., Ltd. Mr. Wang serves as the Chairman and Chief Executive Officer of BYD Company Ltd. and served as its Presi ...


CEO Compensation Analysis

Compensation vs Market: Chuan-Fu's total compensation ($USD806.27K) is below average for companies of similar size in the Austrian market ($USD3.59M).

Compensation vs Earnings: Chuan-Fu's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Chuan-Fu Wang
Chairman & CEO0yrsCN¥5.67m18.86% CN¥4.1b
Zhen Wang
Officer of the President’s Office & Supervisor17.7yrsCN¥1.26mno data
Zuoquan Xia
Non-Executive Director11.9yrsCN¥200.00k3.73% CN¥814.3m
Xiang-Yang Lv
Vice Chairman17.7yrsCN¥200.00k14.73% CN¥3.2b
Jun-Qing Dong
Chairman of Supervisors17.6yrsCN¥50.00kno data
Fei Zou
Independent Non-Executive Director5.4yrsCN¥200.00kno data
Yong-Zhao Li
Independent Supervisor11.7yrsCN¥50.00kno data
Zi-Dong Wang
Independent Non-Executive Director5.4yrsCN¥200.00kno data
Ran Zhang
Independent Non-Executive Director5.4yrsCN¥200.00kno data
Huang Jiang-Feng
Supervisor5.4yrsCN¥15.00kno data

11.7yrs

Average Tenure

54.5yo

Average Age

Experienced Board: BY6's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BYD Company Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BYD Company Limited
  • Ticker: BY6
  • Exchange: WBAG
  • Founded: 1995
  • Industry: Automobile Manufacturers
  • Sector: Automobiles
  • Market Cap: HK$184.464b
  • Listing Market Cap: HK$21.806b
  • Shares outstanding: 2.73b
  • Website: https://www.byd.com/en/index.html

Number of Employees


Location

  • BYD Company Limited
  • No. 3009, BYD Road
  • Pingshan New District
  • Shenzhen
  • Guangdong Province
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BYDD.FOTCPK (Pink Sheets LLC)YesForeign Shares-Foreign ListedUSUSDJul 2002
1211SEHK (The Stock Exchange of Hong Kong Ltd.)YesForeign Shares-Foreign ListedHKHKDJul 2002
BY6DB (Deutsche Boerse AG)YesForeign Shares-Foreign ListedDEEURJul 2002
1211SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesForeign Shares-Foreign ListedHKHKDJul 2002
0VSOLSE (London Stock Exchange)YesForeign Shares-Foreign ListedGBEURJul 2002
BY6WBAG (Wiener Boerse AG)YesForeign Shares-Foreign ListedATEURJul 2002
BYDD.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008
BY6ADB (Deutsche Boerse AG)UNSPONSORD ADRDEEUROct 2008
0HKYLSE (London Stock Exchange)UNSPONSORD ADRGBUSDOct 2008
2594SZSE (Shenzhen Stock Exchange)Domestic SharesCNCNYJun 2011
2594XSEC (Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect)Domestic SharesCNCNYJun 2011

Biography

BYD Company Limited, together with its subsidiaries, engages in the rechargeable battery and photovoltaic, handset components and assembly, and automobile businesses worldwide. It operates through three segments: Rechargeable Battery and Photovoltaic Business; Mobile Handset Components and Assembly Service; and Automobiles and Related Products. The company manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and keypads; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers passenger vehicles, taxis, buses, coaches, urban logistics vehicles, urban construction vehicles, and urban sanitation vehicles; rail transit equipment; consumer electronics; and solar batteries. Additionally, the company develops, sells, and leases residential properties, as well as provides property management services. BYD Company Limited was founded in 1995 and is headquartered in Shenzhen, China. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 00:20
End of Day Share Price2020/02/21 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.