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 with reasonable growth potential.


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

-1.8%

285

-3.1%

HK Communications

0.3%

HK Market


1 Year Return

20.9%

285

-17.2%

HK Communications

-1.5%

HK Market

Return vs Industry: 285 exceeded the Hong Kong Communications industry which returned -17.2% over the past year.

Return vs Market: 285 exceeded the Hong Kong Market which returned -1.5% over the past year.


Shareholder returns

285IndustryMarket
7 Day-1.8%-3.1%0.3%
30 Day-10.3%-8.1%0.5%
90 Day-4.0%-7.6%-4.4%
1 Year23.4%20.9%-14.2%-17.2%2.1%-1.5%
3 Year77.6%69.0%-6.8%-14.1%14.7%3.2%
5 Year21.3%14.0%-23.3%-20.8%21.5%1.2%

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 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$11) is trading below our estimate of fair value (HK$25.19)

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


Price To Earnings Ratio

PE vs Industry: 285 is poor value based on its PE Ratio (13.7x) compared to the Communications industry average (13x).

PE vs Market: 285 is poor value based on its PE Ratio (13.7x) compared to the Hong Kong market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: 285 is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: 285 is overvalued based on its PB Ratio (1.4x) compared to the HK Communications industry average (1x).


Next Steps

  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

23.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 285's forecast earnings growth (23.8% per year) is above the savings rate (2%).

Earnings vs Market: 285's earnings (23.8% per year) are forecast to grow faster than the Hong Kong market (11.2% per year).

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

Revenue vs Market: 285's revenue (11.5% per year) is forecast to grow faster than the Hong Kong market (10.4% per year).

High Growth Revenue: 285's revenue (11.5% 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 (11.9%).


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

Earnings Trend: 285's earnings have grown significantly by 23.1% per year over the past 5 years.

Accelerating Growth: 285's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 285 had negative earnings growth (-32%) over the past year, making it difficult to compare to the Communications industry average (-14.9%).


Return on Equity

High ROE: 285's Return on Equity (10.2%) is considered low.


Return on Assets

ROA vs Industry: 285's Return on Assets is below or equal to the Communications industry average last year.


Return on Capital Employed

ROCE Improving: 285 has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: 285's short term assets (CN¥16.0B) exceeds its short term liabilities (CN¥9.3B)

Long Term Liabilities: 285's short term assets (16.0B) exceeds its long term liabilities (455.1M)


Debt to Equity History and Analysis

Debt Level: 285 is debt free.

Reducing Debt: 285 has not had any debt for past 5 years.

Debt Coverage: 285 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 285 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 285 has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if 285's debt is covered by short term assets.


Next Steps

Dividend

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

1.97%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%2.3%markettop25%6.3%industryaverage3.5%forecastin3Years2.2%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: 285's dividend (1.97%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (2.28%).

High Dividend: 285's dividend (1.97%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.25%).

Stable Dividend: 285's dividend payments have been volatile in the past 10 years.

Growing Dividend: 285's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27%), 285's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 285's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).


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?

4.5yrs

Average management tenure


CEO

Nian-Qiang Wang (55yo)

4.5yrs

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

Compensation vs. Market: Nian-Qiang's total compensation ($USD1.36M) is about average for companies of similar size in the Hong Kong market ($USD496.07K).

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


Management Age and Tenure

4.5yrs

Average Tenure

47yo

Average Age

Experienced Management: 285's management team is considered experienced (4.5 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

50yo

Average Age

Experienced Board: 285's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Nian-Qiang Wang (55yo)

    CEO & Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥9.61m
  • Hon-wan Cheung (63yo)

    Joint Company Secretary

    • Tenure: 0yrs
  • Yi-Zao Sun (55yo)

    Chief Operating Officer

    • Tenure: 0yrs
    • Compensation: CN¥12.00k
  • Ge-Ning Dong (47yo)

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

    • Tenure: 0yrs
  • Qian Li (46yo)

    Joint Company Secretary

    • Tenure: 11.9yrs
  • Ya-Lin Zhou (42yo)

    Chief Financial Officer

    • Tenure: 3.8yrs
  • Xiang-Rong Jiang (42yo)

    Executive Director

    • Tenure: 0.3yrs

Board Members

  • Nian-Qiang Wang (55yo)

    CEO & Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥9.61m
  • Chuan-Fu Wang (53yo)

    Non-Executive Chairman

    • Tenure: 0yrs
  • John Chung (50yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: CN¥113.00k
  • Antony Francis Mampilly (69yo)

    Independent Non-Executive Director

    • Tenure: 11.9yrs
    • Compensation: CN¥200.00k
  • Bo Wang (47yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CN¥3.20m
  • Jing-Jie Qian (37yo)

    Independent Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: CN¥200.00k
  • Xiang-Rong Jiang (42yo)

    Executive Director

    • Tenure: 0.3yrs

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$24.785b
  • 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 Analysis2019/10/22 12:42
End of Day Share Price2019/10/22 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.