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285

BYD Electronic (International) SEHK:285 Stock Report

Last Price

HK$18.76

Market Cap

HK$42.3b

7D

-12.5%

1Y

-30.5%

Updated

03 Oct, 2022

Data

Company Financials +
285 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

285 Stock Overview

BYD Electronic (International) Company Limited, an investment holding company, designs, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China and internationally.

BYD Electronic (International) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BYD Electronic (International)
Historical stock prices
Current Share PriceHK$18.76
52 Week HighHK$34.60
52 Week LowHK$13.20
Beta0.86
1 Month Change-14.14%
3 Month Change-20.84%
1 Year Change-30.52%
3 Year Change51.78%
5 Year Change-22.64%
Change since IPO70.55%

Recent News & Updates

Aug 08
Should You Investigate BYD Electronic (International) Company Limited (HKG:285) At HK$22.20?

Should You Investigate BYD Electronic (International) Company Limited (HKG:285) At HK$22.20?

While BYD Electronic (International) Company Limited ( HKG:285 ) might not be the most widely known stock at the...

Jul 22
Is There An Opportunity With BYD Electronic (International) Company Limited's (HKG:285) 28% Undervaluation?

Is There An Opportunity With BYD Electronic (International) Company Limited's (HKG:285) 28% Undervaluation?

Today we will run through one way of estimating the intrinsic value of BYD Electronic (International) Company Limited...

Shareholder Returns

285HK CommunicationsHK Market
7D-12.5%-7.2%-4.3%
1Y-30.5%-18.5%-28.3%

Return vs Industry: 285 underperformed the Hong Kong Communications industry which returned -18.9% over the past year.

Return vs Market: 285 underperformed the Hong Kong Market which returned -28.8% over the past year.

Price Volatility

Is 285's price volatile compared to industry and market?
285 volatility
285 Average Weekly Movement7.5%
Communications Industry Average Movement7.2%
Market Average Movement6.5%
10% most volatile stocks in HK Market12.7%
10% least volatile stocks in HK Market3.1%

Stable Share Price: 285 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 285's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199596,000Nian-Qiang Wanghttps://electronics.byd.com

BYD Electronic (International) Company Limited, an investment holding company, designs, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China and internationally. The company provides high-level assembly services; and manufactures and sells batteries, chargers, and iron phosphate batteries for use in electric buses, trucks, cars, and forklifts, as well as its components and spare parts. It builds and maintains monorail projects.

BYD Electronic (International) Fundamentals Summary

How do BYD Electronic (International)'s earnings and revenue compare to its market cap?
285 fundamental statistics
Market CapHK$42.27b
Earnings (TTM)HK$1.44b
Revenue (TTM)HK$97.34b

29.5x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
285 income statement (TTM)
RevenueCN¥88.22b
Cost of RevenueCN¥82.92b
Gross ProfitCN¥5.30b
Other ExpensesCN¥4.00b
EarningsCN¥1.30b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.58
Gross Margin6.00%
Net Profit Margin1.47%
Debt/Equity Ratio0%

How did 285 perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

18%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 285 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 285?

Other financial metrics that can be useful for relative valuation.

285 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA12.5x
PEG Ratio0.7x

Price to Earnings Ratio vs Peers

How does 285's PE Ratio compare to its peers?

285 PE Ratio vs Peers
The above table shows the PE ratio for 285 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.7x
6869 Yangtze Optical Fibre And Cable Limited
16.4x8.0%HK$25.2b
303 Vtech Holdings
8xn/aHK$10.9b
1523 Plover Bay Technologies
14.8x25.5%HK$2.6b
1085 Hengxin Technology
19.6xn/aHK$1.9b
285 BYD Electronic (International)
29.5x40.4%HK$42.3b

Price-To-Earnings vs Peers: 285 is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the peer average (14.7x).


Price to Earnings Ratio vs Industry

How does 285's PE Ratio compare vs other companies in the Asian Communications Industry?

Price-To-Earnings vs Industry: 285 is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the Asian Communications industry average (25.3x)


Price to Earnings Ratio vs Fair Ratio

What is 285'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.

285 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio29.5x
Fair PE Ratio19.9x

Price-To-Earnings vs Fair Ratio: 285 is expensive based on its Price-To-Earnings Ratio (29.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.9x).


Share Price vs Fair Value

What is the Fair Price of 285 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 285 (HK$18.76) is trading below our estimate of fair value (HK$29.72)

Significantly Below Fair Value: 285 is trading below fair value by more than 20%.


Analyst Price Targets

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

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is BYD Electronic (International) forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


40.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 285's forecast earnings growth (40.4% per year) is above the savings rate (1.6%).

Earnings vs Market: 285's earnings (40.4% per year) are forecast to grow faster than the Hong Kong market (16.8% per year).

High Growth Earnings: 285's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 285's revenue (16% per year) is forecast to grow faster than the Hong Kong market (9.7% per year).

High Growth Revenue: 285's revenue (16% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 285's Return on Equity is forecast to be low in 3 years time (12.2%).


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Past Performance

How has BYD Electronic (International) performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 285 has high quality earnings.

Growing Profit Margin: 285's current net profit margins (1.5%) are lower than last year (5.3%).


Past Earnings Growth Analysis

Earnings Trend: 285's earnings have grown by 8.8% per year over the past 5 years.

Accelerating Growth: 285's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 285 had negative earnings growth (-71.8%) over the past year, making it difficult to compare to the Communications industry average (-0.7%).


Return on Equity

High ROE: 285's Return on Equity (5.3%) is considered low.


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Financial Health

How is BYD Electronic (International)'s financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 285's short term assets (CN¥30.0B) exceed its short term liabilities (CN¥19.0B).

Long Term Liabilities: 285's short term assets (CN¥30.0B) exceed its long term liabilities (CN¥1.2B).


Debt to Equity History and Analysis

Debt Level: 285 is debt free.

Reducing Debt: 285 had no debt 5 years ago.

Debt Coverage: 285 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 285 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is BYD Electronic (International) current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.60%

Current Dividend Yield

Dividend Yield vs Market

BYD Electronic (International) Dividend Yield vs Market
How does BYD Electronic (International) dividend yield compare to the market?
SegmentDividend Yield
Company (BYD Electronic (International))0.6%
Market Bottom 25% (HK)3.1%
Market Top 25% (HK)9.0%
Industry Average (Communications)2.7%
Analyst forecast in 3 Years (BYD Electronic (International))0.8%

Notable Dividend: 285's dividend (0.61%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (3.01%).

High Dividend: 285's dividend (0.61%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.95%).


Stability and Growth of Payments

Stable Dividend: 285 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are stable.

Growing Dividend: 285 is not paying a notable dividend for the Hong Kong market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: 285 is not paying a notable dividend for the Hong Kong market.


Cash Payout to Shareholders

Cash Flow Coverage: 285 is not paying a notable dividend for the Hong Kong market.


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Management

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

7.5yrs

Average management tenure


CEO

Nian-Qiang Wang (58 yo)

7.5yrs

Tenure

CN¥8,088,000

Compensation

Mr. Nian-Qiang Wang has been the Chief Executive Officer and Executive Director of BYD Electronic International Company Limited since April 27, 2015. Mr. Wang served as Vice President and General Manager o...


CEO Compensation Analysis

Nian-Qiang Wang's Compensation vs BYD Electronic (International) Earnings
How has Nian-Qiang Wang's remuneration changed compared to BYD Electronic (International)'s earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

CN¥1b

Mar 31 2022n/an/a

CN¥2b

Dec 31 2021CN¥8mCN¥8m

CN¥2b

Sep 30 2021n/an/a

CN¥3b

Jun 30 2021n/an/a

CN¥5b

Mar 31 2021n/an/a

CN¥5b

Dec 31 2020CN¥11mCN¥10m

CN¥5b

Sep 30 2020n/an/a

CN¥4b

Jun 30 2020n/an/a

CN¥3b

Mar 31 2020n/an/a

CN¥3b

Dec 31 2019CN¥9mCN¥9m

CN¥2b

Sep 30 2019n/an/a

CN¥2b

Jun 30 2019n/an/a

CN¥2b

Mar 31 2019n/an/a

CN¥2b

Dec 31 2018CN¥10mCN¥10m

CN¥2b

Sep 30 2018n/an/a

CN¥2b

Jun 30 2018n/an/a

CN¥2b

Mar 31 2018n/an/a

CN¥2b

Dec 31 2017CN¥8mCN¥8m

CN¥3b

Sep 30 2017n/an/a

CN¥2b

Jun 30 2017n/an/a

CN¥2b

Mar 31 2017n/an/a

CN¥2b

Dec 31 2016CN¥8mCN¥8m

CN¥1b

Sep 30 2016n/an/a

CN¥1b

Jun 30 2016n/an/a

CN¥1b

Mar 31 2016n/an/a

CN¥982m

Dec 31 2015CN¥3mCN¥3m

CN¥908m

Compensation vs Market: Nian-Qiang's total compensation ($USD1.14M) is above average for companies of similar size in the Hong Kong market ($USD731.00K).

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


Leadership Team

Experienced Management: 285's management team is seasoned and experienced (7.5 years average tenure).


Board Members

Experienced Board: 285's board of directors are considered experienced (7.5 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.


Ownership Breakdown

What is the ownership structure of 285?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders8,505,0000.4%
Private Companies112,155,6505.0%
Institutions191,000,5928.5%
General Public459,843,25820.4%
Public Companies1,481,700,00065.8%

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


Top Shareholders

Top 25 shareholders own 78.24% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
65.76%
BYD Company Limited
1,481,700,000CN¥27.8b0%no data
4.98%
BF Trust
112,155,650CN¥2.1b0%no data
1.39%
The Vanguard Group, Inc.
31,396,601CN¥589.0m0.78%no data
1.16%
BlackRock, Inc.
26,193,414CN¥491.4m4.9%no data
0.74%
Dimensional Fund Advisors LP
16,674,268CN¥312.8m3.57%0.01%
0.55%
China Asset Management Co., Ltd.
12,383,229CN¥232.3m0.24%0.07%
0.49%
Dacheng Fund Management Company Limited
10,957,000CN¥205.6m0%0.26%
0.44%
CSOP Asset Management Limited
9,984,737CN¥187.3m6.13%1.07%
0.43%
Norges Bank Investment Management
9,713,976CN¥182.2m0%no data
0.38%
Nian-Qiang Wang
8,500,000CN¥159.5m0%no data
0.22%
HSBC Jintrust Fund Management Company Limited
4,877,500CN¥91.5m0%0.29%
0.18%
Hua An Fund Management Co., Ltd.
4,067,500CN¥76.3m0%0.05%
0.17%
GF Fund Management Co., Ltd.
3,907,000CN¥73.3m0%0.03%
0.17%
China Universal Asset Management Company Ltd.
3,902,500CN¥73.2m0%0.03%
0.14%
Nordea Investment Management AB
3,054,244CN¥57.3m8.99%0.01%
0.13%
Harvest Fund Management Co., Ltd.
2,971,500CN¥55.7m0%0.03%
0.13%
State Street Global Advisors, Inc.
2,903,722CN¥54.5m-15.31%no data
0.13%
Fuh Hwa Securities Investment Trust Co. Ltd.
2,886,950CN¥54.2m0%0.31%
0.13%
Grantham Mayo Van Otterloo & Co. LLC
2,846,120CN¥53.4m4.75%0.02%
0.11%
HSBC Global Asset Management (UK) Limited
2,512,068CN¥47.1m1.74%0.01%
0.11%
Geode Capital Management, LLC
2,385,500CN¥44.8m2.84%no data
0.096%
Bosera Asset Management Co., Ltd.
2,162,500CN¥40.6m0%0.03%
0.077%
First Trust Advisors LP
1,741,085CN¥32.7m1.13%no data
0.074%
E Fund Management Co., Ltd.
1,677,500CN¥31.5m52.92%0.01%
0.059%
WisdomTree Asset Management, Inc.
1,338,200CN¥25.1m8.87%0.03%

Company Information

BYD Electronic (International) Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: BYD Electronic (International) Company Limited
  • Ticker: 285
  • Exchange: SEHK
  • Founded: 1995
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: HK$42.270b
  • Shares outstanding: 2.25b
  • Website: https://electronics.byd.com

Number of Employees


Location

  • BYD Electronic (International) Company Limited
  • No. 3001 Bao He Road
  • Baolong Industrial Park
  • Shenzhen
  • Guangdong Province
  • 518116
  • China


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
285SEHK (The Stock Exchange of Hong Kong Ltd.)YesOrdinary SharesHKHKDDec 2007
4BYDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2007
BYDI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2007
285SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2007
285SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)YesOrdinary SharesHKHKDDec 2007
BYDI.YOTCPK (Pink Sheets LLC)UNSPON ADR EA REPR 50 ORD HKD0.00USUSDJul 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.