SEHK:285

Stock Analysis Report

BYD Electronic (International)

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and slightly overvalued.


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


Market Performance


7 Day Return

-2.2%

SEHK:285

0.5%

HK Communications

2.2%

HK Market


1 Year Return

31.2%

SEHK:285

-19.8%

HK Communications

-11.1%

HK Market

285 outperformed the Communications industry which returned -84.7% over the past year.

285 outperformed the Market in Hong Kong which returned -12.3% over the past year.


Share holder returns

285IndustryMarket
7 Day-2.2%0.5%2.2%
30 Day2.3%-5.0%-7.3%
90 Day8.8%-4.1%-4.8%
1 Year33.9%31.2%-16.8%-19.8%-7.9%-11.1%
3 Year91.0%79.5%15.2%5.2%15.5%4.1%
5 Year69.9%59.7%-9.5%-22.9%10.0%-8.2%

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 based on future cash flows and its price relative to the stock market?

50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

BYD Electronic (International) is overvalued based on earnings compared to the HK Communications industry average.

BYD Electronic (International) is overvalued based on earnings compared to the Hong Kong market.


Price Based on Expected Growth

BYD Electronic (International) is poor value based on expected growth next year.


Price Based on Value of Assets

BYD Electronic (International) is overvalued based on assets compared to the HK Communications industry average.


Next Steps

Future Growth

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

12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

BYD Electronic (International)'s revenue is expected to grow by 10% yearly, however this is not considered high growth (20% yearly).

BYD Electronic (International)'s earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).

BYD Electronic (International)'s revenue growth is positive but not above the Hong Kong market average.

BYD Electronic (International)'s earnings growth is expected to exceed the Hong Kong market average.

BYD Electronic (International)'s earnings growth is expected to exceed the low risk savings rate of 2%.


Earnings per Share Growth Estimates


Future Return on Equity

BYD Electronic (International) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

23.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

BYD Electronic (International) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

BYD Electronic (International) used its assets less efficiently than the HK Communications industry average last year based on Return on Assets.


Return on Capital Employed

BYD Electronic (International) has improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

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


Financial Position Analysis

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.


Debt to Equity History and Analysis

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.


Balance Sheet

High level of physical assets or inventory.

BYD Electronic (International) has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

2.37%

Expected Dividend Yield


Dividend Yield and Payments Analysis

BYD Electronic (International)'s pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.27%).

BYD Electronic (International)'s dividend is below the markets top 25% of dividend payers in Hong Kong (6.12%).

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

Dividends paid are well covered by earnings (3.8x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4.5x coverage).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Nian-Qiang Wang (55yo)

4.3yrs

Tenure

CN¥9,614,000

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's remuneration is higher than average for companies of similar size in Hong Kong.

Nian-Qiang's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

47yo

Average Age

The tenure for the BYD Electronic (International) management team is about average.


Board Age and Tenure

4.3yrs

Average Tenure

50yo

Average Age

The tenure for the BYD Electronic (International) board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Nian-Qiang Wang (55yo)

    CEO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥9.61m
  • Hon-wan Cheung (63yo)

    Joint Company Secretary

    • Tenure: 0.0yrs
  • Yi-Zao Sun (55yo)

    Chief Operating Officer

    • Tenure: 0.0yrs
    • Compensation: CN¥12.00k
  • Ge-Ning Dong (47yo)

    Executive Officer of Research & Development Manufacturing of Molds & Purchasing of Materials

    • Tenure: 0.0yrs
  • Qian Li (46yo)

    Joint Company Secretary

    • Tenure: 11.8yrs
  • Ya-Lin Zhou (42yo)

    Chief Financial Officer

    • Tenure: 3.6yrs
  • Xiang-Rong Jiang (42yo)

    Executive Director

    • Tenure: 0.2yrs

Board Members

  • Nian-Qiang Wang (55yo)

    CEO & Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥9.61m
  • Chuan-Fu Wang (53yo)

    Non-Executive Chairman

    • Tenure: 0.0yrs
  • John Chung (50yo)

    Independent Non-Executive Director

    • Tenure: 6.2yrs
    • Compensation: CN¥113.00k
  • Antony Francis Mampilly (69yo)

    Independent Non-Executive Director

    • Tenure: 11.8yrs
    • Compensation: CN¥200.00k
  • Bo Wang (47yo)

    Non-Executive Director

    • Tenure: 2.6yrs
    • Compensation: CN¥3.20m
  • Jing-Jie Qian (37yo)

    Independent Non-Executive Director

    • Tenure: 4.3yrs
    • Compensation: CN¥200.00k
  • Xiang-Rong Jiang (42yo)

    Executive Director

    • Tenure: 0.2yrs

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$27.309b
  • 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, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 12:47
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.