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BYD Electronic (International)

SEHK:285
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
285
SEHK
HK$23B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

BYD Electronic (International) Company Limited, an investment holding company, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific, the United States, and internationally. The last earnings update was 37 days ago. More info.


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  • BYD Electronic (International) has significant price volatility in the past 3 months.
285 Share Price and Events
7 Day Returns
-8.1%
SEHK:285
-10.5%
HK Communications
-4.1%
HK Market
1 Year Returns
-16.3%
SEHK:285
-33.1%
HK Communications
-17.2%
HK Market
285 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BYD Electronic (International) (285) -8.1% -26% -11.8% -16.3% 144.3% 106.3%
HK Communications -10.5% -20.1% -25.4% -33.1% 14.9% -10.1%
HK Market -4.1% -10.7% -8.4% -17.2% 20% 5.5%
1 Year Return vs Industry and Market
  • 285 outperformed the Communications industry which returned -33.1% over the past year.
Price Volatility
285
Industry
5yr Volatility vs Market

285 Value

 Is BYD Electronic (International) 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 Electronic (International) 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BYD Electronic (International).

SEHK:285 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.3%
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.

Calculation of Discount Rate/ Cost of Equity for SEHK:285
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 2%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.076 (1 + (1- 25%) (0%))
1.051
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2% + (1.051 * 5.96%)
8.27%

Discounted Cash Flow Calculation for SEHK:285 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BYD Electronic (International) 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.

SEHK:285 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.27%)
2019 1,797.00 Analyst x4 1,659.77
2020 2,653.14 Analyst x7 2,263.38
2021 3,007.50 Analyst x4 2,369.75
2022 3,223.40 Est @ 7.18% 2,345.90
2023 3,404.75 Est @ 5.63% 2,288.65
2024 3,559.30 Est @ 4.54% 2,209.82
2025 3,693.78 Est @ 3.78% 2,118.18
2026 3,813.67 Est @ 3.25% 2,019.92
2027 3,923.23 Est @ 2.87% 1,919.26
2028 4,025.70 Est @ 2.61% 1,818.99
Present value of next 10 years cash flows CN¥21,013.60
SEHK:285 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥4,025.70 × (1 + 2%) ÷ (8.27% – 2%)
CN¥65,541.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥65,541.21 ÷ (1 + 8.27%)10
CN¥29,614.35
SEHK:285 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥21,013.60 + CN¥29,614.35
CN¥50,627.95
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥50,627.95 / 2,253.20
CN¥22.47
SEHK:285 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:285)
1.136
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥22.47 x 1.136
HK$25.52
Value per share (HKD) From above. HK$25.52
Current discount Discount to share price of HK$10.48
= -1 x (HK$10.48 - HK$25.52) / HK$25.52
58.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BYD Electronic (International) is available for.
Intrinsic value
>50%
Share price is HK$10.48 vs Future cash flow value of HK$25.52
Current Discount Checks
For BYD Electronic (International) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BYD Electronic (International)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BYD Electronic (International)'s share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Electronic (International)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BYD Electronic (International)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:285 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥0.97
SEHK:285 Share Price ** SEHK (2019-05-24) in HKD HK$10.48
SEHK:285 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥9.23
Hong Kong Communications Industry PE Ratio Median Figure of 14 Publicly-Listed Communications Companies 12.05x
Hong Kong Market PE Ratio Median Figure of 1,478 Publicly-Listed Companies 10.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BYD Electronic (International).

SEHK:285 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:285 Share Price ÷ EPS (both in CNY)

= 9.23 ÷ 0.97

9.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is good value based on earnings compared to the HK Communications industry average.
  • BYD Electronic (International) is good value based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does BYD Electronic (International)'s expected growth come at a high price?
Raw Data
SEHK:285 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
10.5%per year
Asia Communications Industry PEG Ratio Median Figure of 9 Publicly-Listed Communications Companies 0.74x
Hong Kong Market PEG Ratio Median Figure of 463 Publicly-Listed Companies 0.77x

*Line of best fit is calculated by linear regression .

SEHK:285 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.5x ÷ 10.5%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BYD Electronic (International)'s assets?
Raw Data
SEHK:285 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥7.02
SEHK:285 Share Price * SEHK (2019-05-24) in HKD HK$10.48
SEHK:285 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.88 CN¥9.23
Hong Kong Communications Industry PB Ratio Median Figure of 25 Publicly-Listed Communications Companies 1.08x
Hong Kong Market PB Ratio Median Figure of 2,157 Publicly-Listed Companies 0.94x
SEHK:285 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:285 Share Price ÷ Book Value per Share (both in CNY)

= 9.23 ÷ 7.02

1.31x

* Primary Listing of BYD Electronic (International).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is overvalued based on assets compared to the HK Communications industry average.
X
Value checks
We assess BYD Electronic (International)'s value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. BYD Electronic (International) has a total score of 5/6, 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.

285 Future Performance

 How is BYD Electronic (International) expected to perform in the next 1 to 3 years based on estimates from 12 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!
Annual Growth Rate
10.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BYD Electronic (International) expected to grow at an attractive rate?
  • BYD Electronic (International)'s earnings growth is expected to exceed the low risk savings rate of 2%.
Growth vs Market Checks
  • BYD Electronic (International)'s earnings growth is positive but not above the Hong Kong market average.
  • BYD Electronic (International)'s revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:285 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:285 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 10.5%
SEHK:285 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 12.3%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 6.9%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.6%
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
Raw Data
SEHK:285 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:285 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 59,940 4,660 2,939 8
2020-12-31 53,037 4,550 2,769 12
2019-12-31 47,539 3,257 2,367 9
SEHK:285 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 41,047 4,781 2,189
2018-09-30 40,903 3,870 2,293
2018-06-30 40,760 2,959 2,397
2018-03-31 39,767 2,411 2,491
2017-12-31 38,774 1,863 2,585
2017-09-30 38,775 2,025 2,268
2017-06-30 38,776 2,187 1,952
2017-03-31 37,755 2,571 1,593
2016-12-31 36,734 2,954 1,233
2016-09-30 35,972 2,708 1,145
2016-06-30 35,210 2,462 1,056
2016-03-31 32,248 2,910 982

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BYD Electronic (International)'s earnings are expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).
  • BYD Electronic (International)'s revenue is expected to grow by 12.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:285 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from BYD Electronic (International) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:285 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.30 1.62 0.77 8.00
2020-12-31 1.21 1.52 0.79 13.00
2019-12-31 1.06 1.22 0.80 12.00
SEHK:285 Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 0.97
2018-09-30 1.02
2018-06-30 1.06
2018-03-31 1.11
2017-12-31 1.15
2017-09-30 1.01
2017-06-30 0.87
2017-03-31 0.71
2016-12-31 0.55
2016-09-30 0.51
2016-06-30 0.47
2016-03-31 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BYD Electronic (International) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BYD Electronic (International)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BYD Electronic (International) has a total score of 2/6, 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.

285 Past Performance

  How has BYD Electronic (International) 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
Below we compare BYD Electronic (International)'s growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BYD Electronic (International) has delivered over 20% year on year earnings growth in the past 5 years.
  • BYD Electronic (International)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BYD Electronic (International)'s 1-year earnings growth is negative, it can't be compared to the HK Communications industry average.
Earnings and Revenue History
BYD Electronic (International)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BYD Electronic (International) Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:285 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 41,047.14 2,188.62 765.06 1,588.65
2018-09-30 40,903.42 2,292.99 736.44 1,479.00
2018-06-30 40,759.71 2,397.36 707.83 1,369.34
2018-03-31 39,767.06 2,491.12 685.48 1,284.98
2017-12-31 38,774.42 2,584.87 663.12 1,200.63
2017-09-30 38,775.07 2,268.36 707.46 1,126.29
2017-06-30 38,775.72 1,951.84 751.79 1,051.94
2017-03-31 37,754.99 1,592.67 749.35 1,015.36
2016-12-31 36,734.26 1,233.49 746.91 978.77
2016-09-30 35,972.34 1,144.74 685.28 888.31
2016-06-30 35,210.41 1,055.99 623.65 797.85
2016-03-31 32,248.12 982.07 614.65 760.06
2015-12-31 29,285.83 908.15 605.65 722.27
2015-09-30 24,786.78 837.82 607.05 732.04
2015-06-30 20,287.73 767.49 608.44 741.81
2015-03-31 20,059.93 834.59 578.73 725.45
2014-12-31 19,832.13 901.70 549.02 709.09
2014-09-30 18,699.09 911.78 516.13 630.78
2014-06-30 17,566.05 921.87 483.24 552.47
2014-03-31 16,814.11 785.14 479.57 556.12
2013-12-31 16,062.18 648.41 475.90 559.77
2013-09-30 15,366.27 541.38 474.07 547.79
2013-06-30 14,670.36 434.36 472.25 535.80
2013-03-31 14,380.64 406.65 448.80 532.71
2012-12-31 14,090.91 378.95 425.35 529.63
2012-09-30 14,613.22 454.18 459.29 579.98
2012-06-30 15,135.54 529.42 493.24 630.33

*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 Electronic (International) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BYD Electronic (International) used its assets more efficiently than the HK Communications industry average last year based on Return on Assets.
  • BYD Electronic (International) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BYD Electronic (International)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BYD Electronic (International) has a total score of 3/6, 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.

285 Health

 How is BYD Electronic (International)'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 Electronic (International)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BYD Electronic (International) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BYD Electronic (International)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BYD Electronic (International)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • BYD Electronic (International) has no debt, it does not need to be covered by short term assets.
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.
Raw Data

All data from BYD Electronic (International) Company Filings, last reported 4 months ago.

SEHK:285 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,825.33 0.00 5,057.81
2018-09-30 15,825.33 0.00 5,057.81
2018-06-30 14,773.31 0.00 3,041.00
2018-03-31 14,773.31 0.00 3,041.00
2017-12-31 14,191.31 0.00 3,291.67
2017-09-30 14,191.31 0.00 3,291.67
2017-06-30 12,928.70 0.00 2,646.71
2017-03-31 12,928.70 0.00 2,646.71
2016-12-31 11,754.22 0.00 3,339.79
2016-09-30 11,754.22 0.00 3,339.79
2016-06-30 11,191.60 0.00 2,519.66
2016-03-31 11,191.60 0.00 2,519.66
2015-12-31 10,547.78 0.00 2,286.91
2015-09-30 10,547.78 0.00 2,286.91
2015-06-30 10,117.92 0.00 2,066.75
2015-03-31 10,117.92 0.00 2,066.75
2014-12-31 9,665.21 0.00 2,138.43
2014-09-30 9,665.21 0.00 2,138.43
2014-06-30 9,403.87 0.00 2,030.09
2014-03-31 9,403.87 0.00 2,030.09
2013-12-31 8,834.14 0.00 2,780.90
2013-09-30 8,834.14 0.00 2,780.90
2013-06-30 8,518.80 0.00 1,961.12
2013-03-31 8,518.80 0.00 1,961.12
2012-12-31 8,254.42 0.00 2,298.10
2012-09-30 8,254.42 0.00 2,298.10
2012-06-30 8,101.86 0.00 2,635.91
  • BYD Electronic (International) has no debt.
  • BYD Electronic (International) has not taken on any debt in the past 5 years.
  • BYD Electronic (International) has no debt, it does not need to be covered by operating cash flow.
  • BYD Electronic (International) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess BYD Electronic (International)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BYD Electronic (International) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

285 Dividends

 What is BYD Electronic (International)'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
Dividend payments
2.11%
Current annual income from BYD Electronic (International) dividends. Estimated to be 2.83% next year.
If you bought HK$2,000 of BYD Electronic (International) shares you are expected to receive HK$42 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BYD Electronic (International)'s pays a higher dividend yield than the bottom 25% of dividend payers in Hong Kong (2.1%).
  • BYD Electronic (International)'s dividend is below the markets top 25% of dividend payers in Hong Kong (5.84%).
Upcoming dividend payment

Purchase BYD Electronic (International) before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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.
Raw Data
SEHK:285 Annualized Past and Future Dividends
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 12 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 3.8%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 967 Stocks 3.7%
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 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:285 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.29 5.00
2020-12-31 0.27 8.00
2019-12-31 0.23 8.00
SEHK:285 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.195 1.881
2018-06-20 0.230 2.690
2017-08-28 0.000 0.000
2017-03-28 0.138 1.030
2016-08-29 0.134 2.250
2015-08-26 0.000 0.000
2015-04-20 0.000 0.000
2015-03-30 0.000 0.000
2014-08-06 0.029 0.440
2013-08-26 0.000 0.000
2013-04-22 0.000 0.000
2013-03-25 0.000 0.000
2012-04-23 0.054 3.443
2012-03-26 0.054 2.797
2011-09-26 0.000 0.000
2011-08-22 0.000 0.000
2011-03-14 0.000 0.000
2010-04-19 0.067 1.737
2010-03-15 0.067 1.197
2009-09-28 0.000 0.000
2009-08-31 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but BYD Electronic (International) only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of BYD Electronic (International)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.2x coverage).
X
Income/ dividend checks
We assess BYD Electronic (International)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BYD Electronic (International) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BYD Electronic (International) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

285 Management

 What is the CEO of BYD Electronic (International)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nian-Qiang Wang
COMPENSATION CN¥8,067,000
AGE 54
TENURE AS CEO 4.1 years
CEO Bio

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 of Division 1 at BYD Company Ltd. until April 27, 2015. Mr. Wang was responsible for the production technology of the Group's NiCd and NiMH batteries. Mr. Wang is an Engineer. During 1987 to 1994, Mr. Wang worked at Tong Ling Non-Ferrous Metal Company as engineer. Since February 1995, he served the positions of Chief Engineer and Deputy General Manager of BYD Industries. He served as Director of BYD Charity Foundation. He graduated from Central South Industrial University of Technology in the PRC in 1987, major in industrial analysis and obtained a degree in engineering.

CEO Compensation
  • Nian-Qiang's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Nian-Qiang's remuneration is lower than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the BYD Electronic (International) management team in years:

4.1
Average Tenure
46
Average Age
  • The tenure for the BYD Electronic (International) management team is about average.
Management Team

Nian-Qiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥8M
AGE
54
TENURE
4.1 yrs

Yi-Zao Sun

TITLE
Chief Operating Officer
COMPENSATION
CN¥5M
AGE
54

Ya-Lin Zhou

TITLE
Chief Financial Officer
AGE
41
TENURE
3.3 yrs

Bo Wang

TITLE
Executive Officer of Marketing & Sales and Executive Director
AGE
46

Hon-wan Cheung

TITLE
Joint Company Secretary
AGE
62

Qian Li

TITLE
Joint Company Secretary
AGE
45
TENURE
11.5 yrs

Ge-Ning Dong

TITLE
Executive Officer of Research & Development Manufacturing of Molds & Purchasing of Materials
AGE
46
Board of Directors Tenure

Average tenure and age of the BYD Electronic (International) board of directors in years:

5
Average Tenure
52
Average Age
  • The tenure for the BYD Electronic (International) board of directors is about average.
Board of Directors

Chuan-Fu Wang

TITLE
Non-Executive Chairman
AGE
52

Nian-Qiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥8M
AGE
54
TENURE
4.1 yrs

Bo Wang

TITLE
Executive Officer of Marketing & Sales and Executive Director
AGE
46
TENURE
2.3 yrs

John Chung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥113K
AGE
49
TENURE
5.9 yrs

Jing-Jie Qian

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
36
TENURE
4.1 yrs

Jing-Sheng Wu

TITLE
Non-Executive Director
AGE
55
TENURE
12.2 yrs

Antony Francis Mampilly

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
68
TENURE
11.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess BYD Electronic (International)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BYD Electronic (International) 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.

285 News

Simply Wall St News

A Note On BYD Electronic (International) Company Limited's (HKG:285) ROE and Debt To Equity

To keep the lesson grounded in practicality, we'll use ROE to better understand BYD Electronic (International) Company Limited (HKG:285). … The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for BYD Electronic (International): 14% = CN¥2.2b ÷ CN¥16b (Based on the trailing twelve months to December 2018.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Does BYD Electronic (International) Have A Good Return On Equity?

Simply Wall St -

Is BYD Electronic (International) Company Limited’s (HKG:285) Return On Capital Employed Any Good?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Is BYD Electronic (International) Company Limited (HKG:285) As Strong As Its Balance Sheet Indicates?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as BYD Electronic (International) Company Limited (HKG:285), with a market capitalization of HK$31b, rarely draw their attention from the investing community. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Let’s take a look at 285’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures.

Simply Wall St -

Should You Be Concerned About BYD Electronic (International) Company Limited's (HKG:285) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Could BYD Electronic (International) Company Limited's (HKG:285) Investor Composition Influence The Stock Price?

The big shareholder groups in BYD Electronic (International) Company Limited (HKG:285) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that have been privatized tend to have low insider ownership.

Simply Wall St -

What BYD Electronic (International) Company Limited's (HKG:285) ROE Can Tell Us

BYD Electronic (International) has a ROE of 14%, based on the last twelve months. … That means that for every HK$1 worth of shareholders' equity, it generated HK$0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Makes BYD Electronic (International) Company Limited (HKG:285) A Great Dividend Stock?

Over the past 10 years BYD Electronic (International) Company Limited (HKG:285) has been paying dividends to shareholders. … The company currently pays out a dividend yield of 2.7% to shareholders, making it a relatively attractive dividend stock. … Let's dig deeper into whether BYD Electronic (International) should have a place in your portfolio.

Simply Wall St -

BYD Electronic (International) (HKG:285) Shareholders Have Enjoyed An Impressive 130% Share Price Gain

For example, the BYD Electronic (International) Company Limited (HKG:285) share price has soared 130% in the last half decade. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … During five years of share price growth, BYD Electronic (International) achieved compound earnings per share (EPS) growth of 41% per year.

Simply Wall St -

Is BYD Electronic (International) Company Limited's (HKG:285) CEO Paid At A Competitive Rate?

Nian-Qiang Wang became the CEO of BYD Electronic (International) Company Limited (HKG:285) in 2015. … How Does Nian-Qiang Wang's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that BYD Electronic (International) Company Limited has a market cap of HK$27b, and is paying total annual CEO compensation of CN¥8.1m.

Simply Wall St -

Read This Before You Buy BYD Electronic (International) Company Limited (HKG:285) Because Of Its P/E Ratio

How Do I Calculate BYD Electronic (International)'s Price To Earnings Ratio … Price to Earnings Ratio = Share Price (in reporting currency) ÷ Earnings per Share (EPS) … P/E of 8.41 = CN¥8.95 (Note: this is the share price in the reporting currency, namely, CNY ) ÷ CN¥1.06

Simply Wall St -

285 Company Info

Description

BYD Electronic (International) Company Limited, an investment holding company, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific, the United States, and internationally. The company also provides high level assembly services; and manufactures and sells batteries, chargers, and iron phosphate batteries used in electric buses, trucks, cars, and forklifts, as well as its components and spare parts. In addition, it builds and maintains monorail projects. The company was founded in 2002 and is headquartered in Shenzhen, the People’s Republic of China. BYD Electronic (International) Company Limited is a subsidiary of Golden Link Worldwide Limited.

Details
Name: BYD Electronic (International) Company Limited
285
Exchange: SEHK
Founded: 2002
HK$23,478,390,890
2,253,204,500
Website: http://www.byd-electronics.com
Address: BYD Electronic (International) Company Limited
No. 3001, Bao He Road,
Baolong,
Shenzhen,
Guangdong Province, 518116,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 285 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Dec 2007
OTCPK BYDI.F Ordinary Shares Pink Sheets LLC US USD 20. Dec 2007
DB 4BY Ordinary Shares Deutsche Boerse AG DE EUR 20. Dec 2007
SHSC 285 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 20. Dec 2007
SZSC 285 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 20. Dec 2007
Number of employees
Current staff
Staff numbers
69,000
BYD Electronic (International) employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 12:48
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/04/17
Last earnings reported: 2018/12/31
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.