SEHK:285

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

BYD Electronic (International)

Executive Summary

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, the Asia Pacific, the United States, and internationally. More Details


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has BYD Electronic (International)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 285's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.5%

285

-0.5%

HK Communications

-1.6%

HK Market


1 Year Return

221.4%

285

47.9%

HK Communications

-1.3%

HK Market

Return vs Industry: 285 exceeded the Hong Kong Communications industry which returned 44.9% over the past year.

Return vs Market: 285 exceeded the Hong Kong Market which returned -2.3% over the past year.


Shareholder returns

285IndustryMarket
7 Day-0.5%-0.5%-1.6%
30 Day18.6%5.8%-5.1%
90 Day118.8%38.2%-2.5%
1 Year222.8%221.4%51.3%47.9%2.7%-1.3%
3 Year70.5%62.3%-12.2%-19.0%-10.2%-20.0%
5 Year734.1%680.6%102.8%73.6%11.4%-7.6%

Price Volatility Vs. Market

How volatile is BYD Electronic (International)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

22.08x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 285 (HK$38.95) is trading above our estimate of fair value (HK$24.47)

Significantly Below Fair Value: 285 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 285 is poor value based on its PE Ratio (22.1x) compared to the HK Communications industry average (15.4x).

PE vs Market: 285 is poor value based on its PE Ratio (22.1x) compared to the Hong Kong market (11.1x).


Price to Earnings Growth Ratio

PEG Ratio: 285's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: 285 is overvalued based on its PB Ratio (4x) compared to the HK Communications industry average (1x).


Next Steps

Future Growth

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

-1.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 285's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: 285's earnings are forecast to decline over the next 3 years (-1.6% per year).

High Growth Earnings: 285's earnings are forecast to decline over the next 3 years.

Revenue vs Market: 285's revenue (20.4% per year) is forecast to grow faster than the Hong Kong market (13.2% per year).

High Growth Revenue: 285's revenue (20.4% per year) is forecast to grow faster 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 (14.8%).


Next Steps

Past Performance

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

19.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 285 has high quality earnings.

Growing Profit Margin: 285's current net profit margins (5.7%) are higher than last year (3.6%).


Past Earnings Growth Analysis

Earnings Trend: 285's earnings have grown by 19.5% per year over the past 5 years.

Accelerating Growth: 285's earnings growth over the past year (114.6%) exceeds its 5-year average (19.5% per year).

Earnings vs Industry: 285 earnings growth over the past year (114.6%) exceeded the Communications industry -13%.


Return on Equity

High ROE: 285's Return on Equity (18.1%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 285's short term assets (CN¥24.2B) exceed its short term liabilities (CN¥14.6B).

Long Term Liabilities: 285's short term assets (CN¥24.2B) exceed its long term liabilities (CN¥742.1M).


Debt to Equity History and Analysis

Debt Level: 285's debt to equity ratio (9.4%) 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 (272.1%).

Interest Coverage: 285 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

0.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 285's dividend (0.21%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.31%).

High Dividend: 285's dividend (0.21%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.03%).


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?

5.4yrs

Average management tenure


CEO

Nian-Qiang Wang (56 yo)

5.42yrs

Tenure

CN¥8,741,000

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 ($USD1.28M) is above average for companies of similar size in the Hong Kong market ($USD801.77K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Nian-Qiang Wang
CEO & Executive Director5.42yrsCN¥8.74m0.38%
CN¥ 301.7m
Xiang-Rong Jiang
Executive Director1.25yrsCN¥1.33mno data
Ya-Lin Zhou
Chief Financial Officer4.67yrsno datano data
Hon-Wan Cheung
Joint Company Secretaryno datano datano data
Qian Li
Joint Company Secretary12.83yrsno datano data

5.4yrs

Average Tenure

47yo

Average Age

Experienced Management: 285's management team is seasoned and experienced (5.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Nian-Qiang Wang
CEO & Executive Director5.42yrsCN¥8.74m0.38%
CN¥ 301.7m
Xiang-Rong Jiang
Executive Director1.25yrsCN¥1.33mno data
Chuan-Fu Wang
Non-Executive Chairman12.75yrsno datano data
Kwok Mo Chung
Independent Non-Executive Director7.25yrsCN¥113.00kno data
Antony Francis Mampilly
Independent Non-Executive Director12.83yrsCN¥200.00kno data
Bo Wang
Non-Executive Director3.67yrsCN¥1.16mno data
Jing-Jie Qian
Independent Non-Executive Director5.42yrsCN¥200.00k0.00022%
CN¥ 176.0k

5.4yrs

Average Tenure

51yo

Average Age

Experienced Board: 285's board of directors are considered experienced (5.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 285 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 company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BYD Electronic (International) Company Limited
  • Ticker: 285
  • Exchange: SEHK
  • Founded: 2002
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: HK$79.989b
  • Shares outstanding: 2.25b
  • Website: https://www.byd-electronics.com

Number of Employees


Location

  • BYD Electronic (International) Company Limited
  • No. 3001, Bao He Road
  • Baolong
  • 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

Biography

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, the Asia ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/30 13:01
End of Day Share Price2020/09/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.