company background image
285

BYD Electronic (International)SEHK:285 Stock Report

Market Cap

HK$66.6b

7D

-7.2%

1Y

-16.9%

Updated

24 Sep, 2021

Data

Company Financials +
285 fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health5/6
Dividends0/6

285 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

SIM Technology Group

SEHK:2000

HK$958.6m

Apple

NasdaqGS:AAPL

US$2.4t

Samsung Electronics

KOSE:A005930

₩521.1t

Hon Hai Precision Industry

TWSE:2317

NT$1.5t

Price History & Performance

Summary of all time highs, changes and price drops for BYD Electronic (International)
Historical stock prices
Current Share PriceHK$29.45
52 Week HighHK$29.05
52 Week LowHK$63.10
Beta1.6
1 Month Change-17.97%
3 Month Change-42.98%
1 Year Change-16.93%
3 Year Change155.64%
5 Year Change355.88%
Change since IPO167.73%

Recent News & Updates

Shareholder Returns

285HK CommunicationsHK Market
7D-7.2%-6.1%-0.9%
1Y-16.9%-7.9%10.1%

Return vs Industry: 285 underperformed the Hong Kong Communications industry which returned -7.9% over the past year.

Return vs Market: 285 underperformed the Hong Kong Market which returned 10.1% over the past year.

Price Volatility

Is 285's price volatile compared to industry and market?
285 volatility
285 Beta1.6
Industry Beta1.23
Market Beta1

Stable Share Price: 285 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 285's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1995101,300Nian-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 also 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. In addition, 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 CapCN¥55.24b
Earnings (TTM)CN¥4.61b
Revenue (TTM)CN¥86.27b

11.9x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
285 income statement (TTM)
RevenueCN¥86.27b
Cost of RevenueCN¥77.68b
Gross ProfitCN¥8.59b
ExpensesCN¥3.98b
EarningsCN¥4.61b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.05
Gross Margin9.96%
Net Profit Margin5.35%
Debt/Equity Ratio0.9%

How did 285 perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

12%

Payout Ratio

Valuation

Is BYD Electronic (International) undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 285 (HK$29.45) is trading below our estimate of fair value (HK$99.42)

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


Price To Earnings Ratio

PE vs Industry: 285 is good value based on its PE Ratio (11.9x) compared to the Hong Kong Communications industry average (13.3x).

PE vs Market: 285 is poor value based on its PE Ratio (11.9x) compared to the Hong Kong market (9.8x).


Price to Earnings Growth Ratio

PEG Ratio: 285 is good value based on its PEG Ratio (0.5x)


Price to Book Ratio

PB vs Industry: 285 is overvalued based on its PB Ratio (2.4x) compared to the HK Communications industry average (1x).


Future Growth

How is BYD Electronic (International) forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

23.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 285's forecast earnings growth (23.9% per year) is above the savings rate (1.5%).

Earnings vs Market: 285's earnings (23.9% per year) are forecast to grow faster than the Hong Kong market (17.1% per year).

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

Revenue vs Market: 285's revenue (18.7% per year) is forecast to grow faster than the Hong Kong market (12.3% per year).

High Growth Revenue: 285's revenue (18.7% 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 (19.2%).


Past Performance

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

25.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 285 has a high level of non-cash earnings.

Growing Profit Margin: 285's current net profit margins (5.3%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: 285's earnings have grown significantly by 25.8% per year over the past 5 years.

Accelerating Growth: 285's earnings growth over the past year (31.9%) exceeds its 5-year average (25.8% per year).

Earnings vs Industry: 285 earnings growth over the past year (31.9%) exceeded the Communications industry 21.3%.


Return on Equity

High ROE: 285's Return on Equity (19.7%) is considered low.


Financial Health

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


Financial Position Analysis

Short Term Liabilities: 285's short term assets (CN¥24.3B) exceed its short term liabilities (CN¥13.2B).

Long Term Liabilities: 285's short term assets (CN¥24.3B) exceed its long term liabilities (CN¥878.7M).


Debt to Equity History and Analysis

Debt Level: 285's debt to equity ratio (0.9%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 285's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 285's debt is well covered by operating cash flow (1704.1%).

Interest Coverage: 285's interest payments on its debt are well covered by EBIT (188.6x coverage).


Balance Sheet


Dividend

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

0.99%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 285's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.25%).

High Dividend: 285's dividend (0.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.77%).


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 285's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

6.4yrs

Average management tenure


CEO

Nian-Qiang Wang (57 yo)

6.42yrs

Tenure

CN¥10,513,000

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

Compensation vs Market: Nian-Qiang's total compensation ($USD1.63M) is above average for companies of similar size in the Hong Kong market ($USD662.15K).

Compensation vs Earnings: Nian-Qiang's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: 285's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: 285's board of directors are considered experienced (6.4 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

BYD 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
  • Market Cap: HK$66.582b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 10:04
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.