BYD Electronic (International) Company Limited Just Recorded A 32% EPS Beat: Here's What Analysts Are Forecasting Next
It's been a good week for BYD Electronic (International) Company Limited (HKG:285) shareholders, because the company has just released its latest half-yearly results, and the shares gained 8.5% to HK$43.26. Revenues of CN¥81b fell slightly short of expectations, but earnings were a definite bright spot, with statutory per-share profits of CN¥0.77 an impressive 32% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on BYD Electronic (International) after the latest results.
Taking into account the latest results, the current consensus from BYD Electronic (International)'s 23 analysts is for revenues of CN¥194.6b in 2025. This would reflect a meaningful 8.5% increase on its revenue over the past 12 months. Per-share earnings are expected to climb 16% to CN¥2.30. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥197.6b and earnings per share (EPS) of CN¥2.34 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for BYD Electronic (International)
The consensus price target rose 6.0% to HK$50.45despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of BYD Electronic (International)'s earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic BYD Electronic (International) analyst has a price target of HK$74.39 per share, while the most pessimistic values it at HK$38.65. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 18% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 21% annually. It's clear that while BYD Electronic (International)'s revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for BYD Electronic (International) going out to 2027, and you can see them free on our platform here..
You can also see our analysis of BYD Electronic (International)'s Board and CEO remuneration and experience, and whether company insiders have been buying stock.
Valuation is complex, but we're here to simplify it.
Discover if BYD Electronic (International) might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.