BYD Electronic (International) Company Limited

DB:4BY0 Stock Report

Market Cap: €9.5b

BYD Electronic (International) Valuation

Is 4BY0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 4BY0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 4BY0 (€214) is trading below our estimate of fair value (€513.98)

Significantly Below Fair Value: 4BY0 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 4BY0?

Key metric: As 4BY0 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 4BY0. This is calculated by dividing 4BY0's market cap by their current earnings.
What is 4BY0's PE Ratio?
PE Ratio17.7x
EarningsCN¥4.04b
Market CapCN¥71.73b

Price to Earnings Ratio vs Peers

How does 4BY0's PE Ratio compare to its peers?

The above table shows the PE ratio for 4BY0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.3x
FEW Funkwerk
10.1xn/a€163.6m
CEK CeoTronics
32.9x25.1%€41.1m
2345 Accton Technology
36.8x24.5%NT$357.7b
CIEN Ciena
73.3x39.5%US$10.1b
4BY0 BYD Electronic (International)
17.8x24.0%€77.4b

Price-To-Earnings vs Peers: 4BY0 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (38.3x).

Price to Earnings Ratio vs Industry

How does 4BY0's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
4BY0 17.7xIndustry Avg. 31.0xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 4BY0 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the Global Communications industry average (31x).

Price to Earnings Ratio vs Fair Ratio

What is 4BY0's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

4BY0 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.7x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: 4BY0 is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (22.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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