BYD
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BYD Company Limited, together with its subsidiaries, engages in the rechargeable battery and photovoltaic, handset components and assembly, and automobile businesses worldwide. The last earnings update was 85 days ago. More info.
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1211 Share Price and Events
7 Day Returns
1 Year Returns
1211 Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| BYD (1211) | -0.5% | 1.7% | -14.2% | 10.6% | -6.2% | -3.4% |
| HK Auto | 2.7% | 1.6% | -20.4% | -10.4% | -0.1% | -10.4% |
| HK Market | 0.8% | 0.3% | -7.4% | -4.4% | 17.8% | 1.7% |
1 Year Return vs Industry and Market
- 1211 outperformed the Auto industry which returned -10.4% over the past year.
- 1211 outperformed the Market in Hong Kong which returned -4.4% over the past year.
Price Volatility
Related Companies
Value
Is BYD undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
BYD
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for BYD.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.4% |
| Perpetual Growth Rate | 10-Year HK Government Bond Rate | 2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year HK Govt Bond Rate | 2% |
| Equity Risk Premium | S&P Global | 6% |
| Auto Unlevered Beta | Simply Wall St/ S&P Global | 0.62 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.624 (1 + (1- 25%) (48.19%)) |
0.899 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.9 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (0.899 * 5.96%) |
7.36% |
Discounted Cash Flow Calculation for SEHK:1211 using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for BYD is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 7.36%) |
|
|---|---|---|---|
| 2020 | -5,335.00 | Analyst x2 | -4,969.28 |
| 2021 | 5,837.00 | Analyst x2 | 5,064.16 |
| 2022 | 3,795.00 | Analyst x1 | 3,066.82 |
| 2023 | 2,690.69 | Est @ -29.1% | 2,025.35 |
| 2024 | 2,158.78 | Est @ -19.77% | 1,513.57 |
| 2025 | 1,873.03 | Est @ -13.24% | 1,223.20 |
| 2026 | 1,710.73 | Est @ -8.66% | 1,040.62 |
| 2027 | 1,617.24 | Est @ -5.46% | 916.32 |
| 2028 | 1,565.10 | Est @ -3.22% | 825.98 |
| 2029 | 1,539.18 | Est @ -1.66% | 756.62 |
| Present value of next 10 years cash flows | CN¥11,463.37 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= CN¥1,539.18 × (1 + 2%) ÷ (7.36% – 2%) |
CN¥29,309.46 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥29,309.46 ÷ (1 + 7.36%)10 |
CN¥14,407.76 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥11,463.37 + CN¥14,407.76 |
CN¥25,871.13 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥25,871.13 / 2,728.14 |
CN¥9.48 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/HKD
(Reporting currency to currency of SEHK:1211) |
1.135 |
| Value per Share (HKD) |
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥9.48 x 1.135 |
HK$10.76 |
| Value per share (HKD) | From above. | HK$10.76 |
| Current discount | Discount to share price of
HK$48.05
= -1 x (HK$48.05 - HK$10.76) / HK$10.76 |
-346.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of BYD is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for BYD's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
BYD's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in CNY | CN¥1.39 |
| SEHK:1211 Share Price ** | SEHK (2019-07-19) in HKD | HK$48.05 |
| SEHK:1211 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥42.35 |
| Hong Kong Auto Industry PE Ratio | Median Figure of 10 Publicly-Listed Auto Companies | 8.96x |
| Hong Kong Market PE Ratio | Median Figure of 1,512 Publicly-Listed Companies | 10.77x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of BYD.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SEHK:1211 Share Price ÷ EPS (both in CNY) = 42.35 ÷ 1.39 |
30.38x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BYD is overvalued based on earnings compared to the HK Auto industry average.
- BYD is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does
BYD's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 30.38x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
9%per year |
| Hong Kong Auto Industry PEG Ratio | Median Figure of 7 Publicly-Listed Auto Companies | 0.79x |
| Hong Kong Market PEG Ratio | Median Figure of 481 Publicly-Listed Companies | 0.8x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 30.38x ÷ 9% |
3.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BYD is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
BYD's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in CNY | CN¥20.71 |
| SEHK:1211 Share Price * | SEHK (2019-07-19) in HKD | HK$48.05 |
| SEHK:1211 Share Price converted to CNY reporting currency | Exchange rate (HKD/ CNY) 0.881 | CN¥42.35 |
| Hong Kong Auto Industry PB Ratio | Median Figure of 13 Publicly-Listed Auto Companies | 0.86x |
| Hong Kong Market PB Ratio | Median Figure of 2,198 Publicly-Listed Companies | 0.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SEHK:1211 Share Price ÷ Book Value per Share (both in CNY) = 42.35 ÷ 20.71 |
2.04x |
* Primary Listing of BYD.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BYD is overvalued based on assets compared to the HK Auto industry average.
Value checks
We assess BYD's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto industry average (and greater than 0)? (1 check) BYD has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is BYD expected to perform in the next 1 to 3 years based on estimates from 16 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- BYD's earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
- BYD's earnings growth is positive but not above the Hong Kong market average.
- BYD's revenue growth is positive but not above the Hong Kong market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SEHK:1211 Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | 9% |
| SEHK:1211 Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 7.6% |
| Hong Kong Auto Industry Earnings Growth Rate | Market Cap Weighted Average | 8.8% |
| Hong Kong Auto Industry Revenue Growth Rate | Market Cap Weighted Average | 6.1% |
| Hong Kong Market Earnings Growth Rate | Market Cap Weighted Average | 11.4% |
| Hong Kong Market Revenue Growth Rate | Market Cap Weighted Average | 10.5% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 198,472 | 14,375 | 3,330 | 1 |
| 2021-12-31 | 175,088 | 13,108 | 4,511 | 9 |
| 2020-12-31 | 172,395 | 16,773 | 4,238 | 16 |
| 2019-12-31 | 153,352 | 13,076 | 3,586 | 13 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 135,621 | 13,094 | 3,428 |
| 2018-12-31 | 130,055 | 12,523 | 2,780 |
| 2018-09-30 | 120,963 | 12,588 | 2,802 |
| 2018-06-30 | 115,028 | 8,497 | 2,823 |
| 2018-03-31 | 109,606 | 8,834 | 3,563 |
| 2017-12-31 | 105,915 | 6,579 | 4,066 |
| 2017-09-30 | 104,605 | 1,679 | 4,179 |
| 2017-06-30 | 103,558 | -3,887 | 4,515 |
| 2017-03-31 | 104,231 | -3,011 | 4,807 |
| 2016-12-31 | 103,470 | -1,846 | 5,052 |
| 2016-09-30 | 104,313 | 2,554 | 4,526 |
| 2016-06-30 | 93,376 | -608 | 4,616 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from BYD Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 1.22 | 1.22 | 1.22 | 1.00 |
| 2021-12-31 | 1.53 | 2.28 | 0.84 | 10.00 |
| 2020-12-31 | 1.49 | 2.16 | 1.01 | 12.00 |
| 2019-12-31 | 1.31 | 1.90 | 0.82 | 15.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2019-03-31 | 1.39 |
| 2018-12-31 | 0.93 |
| 2018-09-30 | 1.03 |
| 2018-06-30 | 1.03 |
| 2018-03-31 | 1.04 |
| 2017-12-31 | 1.40 |
| 2017-09-30 | 1.45 |
| 2017-06-30 | 1.59 |
| 2017-03-31 | 1.73 |
| 2016-12-31 | 1.88 |
| 2016-09-30 | 1.71 |
| 2016-06-30 | 1.78 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess BYD's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
BYD has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has BYD performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- BYD has delivered over 20% year on year earnings growth in the past 5 years.
- BYD's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- BYD's 1-year earnings growth is negative, it can't be compared to the HK Auto industry average.
Earnings and Revenue History
All data from BYD Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 135,621.25 | 3,427.50 | 8,884.44 | 5,253.26 |
| 2018-12-31 | 130,054.71 | 2,780.19 | 8,803.12 | 4,989.36 |
| 2018-09-30 | 120,963.13 | 2,802.10 | 7,676.12 | 5,868.70 |
| 2018-06-30 | 115,028.00 | 2,822.66 | 7,414.03 | 5,464.59 |
| 2018-03-31 | 109,606.13 | 3,563.11 | 7,387.56 | 4,768.92 |
| 2017-12-31 | 105,914.70 | 4,066.48 | 7,977.22 | 3,739.49 |
| 2017-09-30 | 104,605.10 | 4,179.46 | 8,889.74 | 2,387.10 |
| 2017-06-30 | 103,558.07 | 4,515.37 | 10,251.54 | 1,383.49 |
| 2017-03-31 | 104,230.89 | 4,807.24 | 11,692.03 | |
| 2016-12-31 | 103,470.00 | 5,052.15 | 10,976.93 | |
| 2016-09-30 | 104,313.18 | 4,526.21 | 11,117.07 | |
| 2016-06-30 | 93,376.17 | 4,616.48 | 9,592.55 | |
| 2016-03-31 | 85,011.71 | 3,553.20 | 8,477.64 | |
| 2015-12-31 | 80,008.97 | 2,823.44 | 8,292.98 | |
| 2015-09-30 | 66,280.85 | 2,005.98 | 7,414.40 | |
| 2015-06-30 | 63,062.54 | 539.49 | 7,091.63 | |
| 2015-03-31 | 61,754.51 | 542.51 | 6,834.62 | |
| 2014-12-31 | 58,195.88 | 433.53 | 6,489.94 | |
| 2014-09-30 | 54,567.40 | 476.87 | 5,989.89 | |
| 2014-06-30 | 53,538.06 | 486.81 | 5,615.88 | |
| 2014-03-31 | 51,703.28 | 452.64 | 5,404.79 | |
| 2013-12-31 | 52,863.28 | 553.06 | 5,301.54 | |
| 2013-09-30 | 52,449.32 | 525.60 | 5,107.66 | |
| 2013-06-30 | 50,312.70 | 492.05 | 4,807.57 | |
| 2013-03-31 | 48,003.37 | 166.72 | 4,603.80 | |
| 2012-12-31 | 46,853.77 | 81.38 | 4,614.26 | |
| 2012-09-30 | 47,601.77 | 1,052.78 | 4,970.98 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- BYD has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- BYD used its assets more efficiently than the HK Auto industry average last year based on Return on Assets.
- BYD's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess BYD's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
BYD has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is BYD's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up BYD's finances.
The net worth of a company is the difference between its assets and liabilities.
- BYD is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- BYD's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from BYD Company Filings, last reported 3 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 62,145.61 | 65,241.01 | 13,929.69 |
| 2018-12-31 | 60,693.98 | 64,692.80 | 13,052.10 |
| 2018-09-30 | 59,845.13 | 61,298.81 | 14,102.52 |
| 2018-06-30 | 59,366.95 | 68,874.75 | 10,428.62 |
| 2018-03-31 | 60,150.84 | 59,453.71 | 8,142.10 |
| 2017-12-31 | 59,957.49 | 56,511.02 | 9,902.69 |
| 2017-09-30 | 58,875.73 | 56,267.40 | 8,779.72 |
| 2017-06-30 | 57,169.04 | 54,866.34 | 8,701.07 |
| 2017-03-31 | 56,332.87 | 50,054.84 | 9,097.58 |
| 2016-12-31 | 55,409.36 | 42,266.96 | 7,693.67 |
| 2016-09-30 | 54,631.79 | 37,038.61 | 7,590.73 |
| 2016-06-30 | 38,787.08 | 44,262.10 | 5,473.79 |
| 2016-03-31 | 36,883.35 | 38,539.12 | 3,910.08 |
| 2015-12-31 | 36,029.24 | 37,642.76 | 6,814.63 |
| 2015-09-30 | 32,619.25 | 39,239.34 | 4,904.83 |
| 2015-06-30 | 29,424.63 | 31,857.34 | 3,876.51 |
| 2015-03-31 | 29,059.22 | 28,190.46 | 5,055.22 |
| 2014-12-31 | 28,894.44 | 30,151.93 | 4,453.16 |
| 2014-09-30 | 28,694.90 | 30,858.71 | 6,070.08 |
| 2014-06-30 | 28,653.06 | 30,152.06 | 8,797.62 |
| 2014-03-31 | 24,951.09 | 24,538.73 | 4,979.14 |
| 2013-12-31 | 24,856.44 | 24,824.42 | 5,378.83 |
| 2013-09-30 | 24,700.36 | 24,683.98 | 6,484.75 |
| 2013-06-30 | 24,631.49 | 20,413.89 | 4,892.99 |
| 2013-03-31 | 24,332.89 | 19,412.13 | 3,854.76 |
| 2012-12-31 | 24,144.37 | 18,629.12 | 3,683.97 |
| 2012-09-30 | 24,091.74 | 19,560.71 | 4,081.45 |
- BYD's level of debt (105%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (98.4% vs 105% today).
- Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
- Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
Financial health checks
We assess BYD's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) BYD has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is BYD's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
HK$2,000 of
BYD
shares you are expected to receive
HK$10
in your first year as a dividend.
Dividend Amount
- BYD's pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.07%).
- BYD's dividend is below the markets top 25% of dividend payers in Hong Kong (5.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Hong Kong Auto Industry Average Dividend Yield | Market Cap Weighted Average of 9 Stocks | 3.3% |
| Hong Kong Market Average Dividend Yield | Market Cap Weighted Average of 978 Stocks | 3.6% |
| Hong Kong Minimum Threshold Dividend Yield | 10th Percentile | 1.2% |
| Hong Kong Bottom 25% Dividend Yield | 25th Percentile | 2.1% |
| Hong Kong Top 25% Dividend Yield | 75th Percentile | 5.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | ||
| 2021-12-31 | 0.28 | 10.00 |
| 2020-12-31 | 0.25 | 12.00 |
| 2019-12-31 | 0.17 | 10.00 |
| Date (Data in CN¥) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-07-19 | 0.204 | 0.482 |
| 2018-08-09 | 0.141 | 0.327 |
| 2017-06-07 | 0.545 | 1.129 |
| 2016-10-31 | 0.734 | 1.857 |
| 2015-10-29 | 0.000 | 0.000 |
| 2015-08-26 | 0.000 | 0.000 |
| 2015-04-28 | 0.000 | 0.000 |
| 2015-03-30 | 0.000 | 0.000 |
| 2014-06-26 | 0.050 | 0.154 |
| 2011-10-28 | 0.000 | 0.000 |
| 2011-08-22 | 0.000 | 0.000 |
| 2011-06-28 | 0.000 | 0.000 |
| 2011-03-14 | 0.000 | 0.000 |
| 2010-03-15 | 0.330 | 0.764 |
| 2008-09-25 | 0.000 | 0.000 |
| 2008-09-01 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BYD is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are stable.
- BYD is not paying a notable dividend for Hong Kong, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess BYD's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can BYD afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) BYD has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CN¥5,667,000 |
| AGE | 53 |
CEO Bio
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 President. Mr. Wang held positions as vice supervisor in Beijing Non-Ferrous Research Institute, general manager in Shenzhen Bi Ge Battery Co. Limited. In February 1995, he Co-founded Shenzhen BYD Battery Company Limited (“BYD Industries”, became BYD Company Limited on June 11, 2002) and took the position of General Manager. He is Executive Director of BYD Company Ltd. since June 11, 2002. He is a non-executive director and the chairman of BYD Electronic (International) Company Limited, a director of Shenzhen DENZA New Energy Automotive Co., Ltd. (formerly known as Shenzhen BYD Daimler New Technology Co., Ltd.) vice chairman of Shenzhen Pengcheng Electric Automobiles Renting Co. Ltd. (, a director of Tianjin BYD Auto Co., Ltd., a director of China Railway Engineering Consulting Group Co., Ltd., an independent director of Renren Inc., a director of South University of Science and Technology of China and a director of BYD Charity Foundation. Mr. Wang is a technology expert. In June 2003, he was awarded Star of Asia by BusinessWeek. He was awarded with Mayor award of Shenzhen in 2004, “The 2008 CCTV Man of the Year China Economy Innovation Award”, Southern Guangdong Meritorious Service Award in 2011, and Zayed Future Energy Prize Lifetime Achievement Award in 2014 and Best Business Leader in China in 2015 etc. Mr. Wang graduated from Central South University of Technology (currently Central South University) in 1987 with a bachelor’s degree majoring in metallurgy physical chemistry, and then graduated from Beijing Non-Ferrous Research Institute in the PRC in 1990 with a master’s degree majoring in material science.
CEO Compensation
- Chuan-Fu's compensation has been consistent with company performance over the past year, both up more than 20%.
- Chuan-Fu's remuneration is about average for companies of similar size in Hong Kong.
Management Team
Chuan-Fu Wang
Chairman & CEO
CN¥6M
53
Ya-Lin Zhou
Chief Financial Officer
42
0.2 yrs
Qian Li
Secretary to the Board
46
Jing-Sheng Wu
Consultant
56
0.2 yrs
Yu-bo Lian
Chief Engineer of the Automobile Business
55
Jie Wang
VP & CEO of Commercial Vehicles Division
55
Zhen Wang
Officer of the President’s Office & Supervisor
CN¥1M
43
Board of Directors Tenure
Average tenure and age of the BYD board of directors in years:
- The average tenure for the BYD board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Xiang-Yang Lv
Vice Chairman
CN¥200K
57
17.1 yrs
Chuan-Fu Wang
Chairman & CEO
CN¥6M
53
Zhen Wang
Officer of the President’s Office & Supervisor
CN¥1M
43
17.1 yrs
Jun-Qing Dong
Chairman of Supervisors
CN¥50K
85
17 yrs
Zi-Dong Wang
Independent Non-Executive Director
CN¥200K
61
4.8 yrs
Tom Zou
Independent Non-Executive Director
CN¥200K
46
4.8 yrs
Ran Zhang
Independent Non-Executive Director
CN¥200K
42
4.8 yrs
Zuoquan Xia
Non-Executive Director
CN¥200K
56
11.3 yrs
Yong-Zhao Li
Independent Supervisor
CN¥50K
58
11.1 yrs
Huang Jiang-Feng
Supervisor
CN¥15K
39
4.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (HK$) | Value (HK$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 31. May 19 | Buy | Goldman Sachs Group, Investment Banking and Securities Investments | Company | 28. May 19 | 28. May 19 | 713,500 | HK$47.40 | HK$33,817,049 | ||
Management checks
We assess BYD's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) BYD has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
BYD (HKG:1211) Takes On Some Risk With Its Use Of Debt
The first step when considering a company's debt levels is to consider its cash and debt together. … Either way, since BYD does have more debt than cash, it's worth keeping an eye on its balance sheet. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.
Simply Wall St - – Full articleDoes BYD Company Limited's (HKG:1211) -3.8% Earnings Drop Reflect A Longer Term Trend?
After reading BYD Company Limited's (HKG:1211) most recent earnings announcement (31 March 2019), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 26%, indicating the rate at which 1211 is growing has slowed down. … I recommend you continue to research BYD to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for 1211’s future growth?
Simply Wall St - – Full articleDo Directors Own BYD Company Limited (HKG:1211) Shares?
General Public Ownership The general public, mostly retail investors, hold a substantial 54% stake in 1211, suggesting it is a fairly popular stock. … Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. … Public Company Ownership Public companies currently own 10% of 1211 stock.
Simply Wall St - – Full articleIs BYD Company Limited's (HKG:1211) Balance Sheet A Threat To Its Future?
See our latest analysis for BYD 1211’s Debt (And Cash Flows) Over the past year, 1211 has ramped up its debt from CN¥59b to CN¥66b , which includes long-term debt. … Additionally, 1211 has produced CN¥13b in operating cash flow over the same time period, leading to an operating cash to total debt ratio of 20%, indicating that 1211’s operating cash is less than its debt. … Next Steps: 1211’s debt and cash flow levels indicate room for improvement.
Simply Wall St - – Full articleWhat Are Analysts Saying About BYD Company Limited's (HKG:1211) Growth?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Based on BYD Company Limited's (HKG:1211) earnings update on 31 March 2019,
Simply Wall St - – Full articleShould BYD Company Limited (HKG:1211) Focus On Improving This Fundamental Metric?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.059. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleInvestors Who Bought BYD (HKG:1211) Shares Three Years Ago Are Now Up 19%
Unfortunately for shareholders, while the BYD Company Limited (HKG:1211) share price is up 19% in the last three years, that falls short of the market return. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the three years of share price growth, BYD actually saw its earnings per share (EPS) drop 6.0% per year.
Simply Wall St - – Full articleIs There Now An Opportunity In BYD Company Limited (HKG:1211)?
As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on BYD’s outlook and valuation to see if the opportunity still exists.
Simply Wall St - – Full articleIs BYD Company Limited's (HKG:1211) Stock Available For A Good Price After Accounting For Growth?
Growth expectations for BYD Company Limited (HKG:1211) are high, but many investors are starting to ask whether its last close at HK$51.35 can still be rationalized by the future potential. … How is 1211 going to perform in the future. … The excitement around BYD's growth potential is not unfounded
Simply Wall St - – Full articleShould You Be Pleased About The CEO Pay At BYD Company Limited's (HKG:1211)
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Chuan-Fu Wang's Compensation Compare With Similar Sized Companies. … Our data indicates that BYD Company Limited is worth HK$154b, and total annual CEO compensation is CN¥5.8m.
Simply Wall St - – Full articleCompany Info
Description
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.
Details
| Name: | BYD Company Limited |
| 1211 | |
| Exchange: | SEHK |
| Founded: | 1995 |
| HK$154,917,735,323 | |
| 2,728,142,855 | |
| Website: | http://www.byd.com/en/index.html |
| Address: |
BYD Company Limited No. 3009, BYD Road, Pingshan New District, Shenzhen, Guangdong Province, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SEHK | 1211 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong Ltd. | HK | HKD | 31. Jul 2002 | |
| OTCPK | BYDD.F | Foreign Shares-Foreign Listed | Pink Sheets LLC | US | USD | 31. Jul 2002 | |
| DB | BY6 | Foreign Shares-Foreign Listed | Deutsche Boerse AG | DE | EUR | 31. Jul 2002 | |
| LSE | 0VSO | Foreign Shares-Foreign Listed | London Stock Exchange | GB | EUR | 31. Jul 2002 | |
| SHSC | 1211 | Foreign Shares-Foreign Listed | Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect | HK | HKD | 31. Jul 2002 | |
| SZSC | 1211 | Foreign Shares-Foreign Listed | The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect | HK | HKD | 31. Jul 2002 | |
| WBAG | BY6 | Foreign Shares-Foreign Listed | Wiener Boerse AG | AT | EUR | 31. Jul 2002 | |
| OTCPK | BYDD.Y | UNSP ADR EACH REPR 2 SHS | Pink Sheets LLC | US | USD | 13. Oct 2008 | |
| SZSE | 002594 | Domestic Shares | Shenzhen Stock Exchange | CN | CNY | 30. Jun 2011 | |
| DB | BY6A | UNSP ADR EACH REPR 2 SHS | Deutsche Boerse AG | DE | EUR | 13. Oct 2008 | |
| XSEC | 002594 | Domestic Shares | Shenzhen Stock Exchange - Shenzhen-Hong Kong Stock Connect | CN | CNY | 30. Jun 2011 |
Number of employees
Current staff
Industry
| Automobile Manufacturers | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/22 00:58 |
| End of day share price update: | 2019/07/19 00:00 |
| Last estimates confirmation: | 2019/07/19 |
| Last earnings filing: | 2019/04/28 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
