BYD Company (BYDDY) AI Stock Analysis

• Market Cap: $119.61B
• Dividend Yield: 1.53%
• Average Volume (3M): 234.50K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.58
• Revenue Growth: 23.23%
• EPS Growth: 10.53%
• Country: US
• Employees: 968,900
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.12
• Shares Outstanding: 3,683,400,000
• 10 Day Avg. Volume: 656,094
• 30 Day Avg. Volume: 234,497
• PEG Ratio: 1.05
• Price to Book (P/B): 7.79
• Price to Sales (P/S): 1.86
• P/FCF Ratio: 39.96
• Enterprise Value/Market Cap: 2.15
• Enterprise Value/Revenue: 0.31
• Enterprise Value/Gross Profit: 1.74
• Enterprise Value/Ebitda: 5.26
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.75
• Revenue Forecast (FY): $135.52B

• Rating: 61 Neutral
• Price Target: $13.00 ▲(7.00% Upside)

The score is driven primarily by solid multi-year financial scaling and generally manageable balance-sheet leverage, tempered by TTM revenue/margin softness and a recent swing to negative free cash flow. Technical indicators are neutral-to-weak versus key moving averages, while valuation is moderate with a modest dividend yield.

Positive Factors

Vertical integration & diversified revenue

BYD’s combined EV, battery manufacturing and renewable-energy businesses create durable revenue diversification and supply‑chain control. Vertical integration supports component cost control, faster product iteration, and recurring battery and energy sales that stabilize margins over cycles.

Scale and global market leadership

Attaining top global EV volumes reflects durable scale advantages: stronger purchasing power, manufacturing learning curves, and broader model reach. This scale underpins cost competitiveness, distribution leverage, and bargaining strength with suppliers and partners over the next several quarters.

Balance-sheet capacity to fund growth

Expanded assets and equity with generally manageable leverage indicate capacity to self-fund factories, R&D, and battery investments. A solid balance-sheet base provides financial flexibility to pursue long‑term capital projects and absorb cyclical downturns without immediate liquidity stress.

Negative Factors

Trailing free cash flow turned negative

A recent shift to negative TTM free cash flow signals heavier capex or working‑capital needs that can limit internal funding for expansion or dividends. If sustained, it increases reliance on external financing and constrains discretionary investments, affecting long‑term financial flexibility.

TTM revenue and margin compression

Material TTM declines in revenue and margins suggest structural price pressure or demand softness in key markets. Lower volumes and compressed margins erode earnings power and economies of scale, making sustained profitability and reinvestment harder without product or pricing adjustments.

EU anti-subsidy guidance and trade risk

New EU guidance on price undertakings for Chinese BEV exporters creates a persistent regulatory hurdle to European expansion. Potential minimum import prices or conditions could raise costs, limit market access or compress margins for exports to the EU over the medium term.

BYD Company Business Overview & Revenue Model

Company Description

BYD Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of automobiles and related products in the People's Republic of China and internationally. It operates through three segments: Rechargeable Batteries and Photovoltaic Products; Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products. The company offers internal combustion, hybrid, and battery-electric passenger vehicles; buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. It also manufactures and sells lithium-ion and nickel batteries, photovoltaic products, and iron batteries primarily for mobile phones, electric tools, and other portable electronic instruments; mobile handset components, such as housings and electronic components; medical protection products; and automobiles, and auto-related molds and components, as well as provides assembly, and automobiles leasing and after sales services. In addition, it offers rail transit equipment; solar batteries and arrays; and urban rail transportation services. The company was founded in 1995 and is headquartered in Shenzhen, China.

How the Company Makes Money

BYD generates revenue primarily through the sale of electric vehicles, which includes passenger cars, buses, and commercial trucks, catering to both domestic and international markets. The company also earns significant income from its battery manufacturing segment, supplying batteries for its vehicles and external clients in various industries. Additionally, BYD's renewable energy division contributes to its earnings through the production and installation of solar panels, energy storage solutions, and related services. Strategic partnerships with governments and other organizations for public transportation projects and electric vehicle incentives further enhance its revenue streams, while ongoing investments in research and development enable BYD to innovate and maintain a competitive edge in the market.

BYD Company Financial Statement Overview

Summary

Strong multi-year revenue scale-up and improved profitability through 2024 with manageable leverage in annual reports. However, the latest TTM shows revenue and margin compression and a shift to negative free cash flow, creating a clear near-term pressure point despite still-positive operating cash flow.

Income Statement

BYD shows strong multi-year scale-up with annual revenue rising sharply from 2020 through 2024, alongside improving profitability versus earlier years. Margins are solid for an auto manufacturer (gross margin ~19% and net margin ~5% in 2023–2024). However, TTM (Trailing-Twelve-Months) revenue is down meaningfully versus the prior year period and margins are also lower in TTM, signaling a near-term slowdown/price-pressure cycle and less earnings momentum than the last two annual reports.

Balance Sheet

Leverage appears manageable in the annual reports, with debt levels supported by a large equity base and healthy returns on equity in 2022–2024. Total assets and equity expanded significantly, consistent with a company investing for growth while maintaining balance-sheet capacity. The main caution is that the TTM snapshot shows a higher debt-to-equity level than the most recent annual figures (and much higher than 2024), suggesting either a reporting-scope difference or a recent uptick in leverage that investors should monitor.

Cash Flow

Cash generation was strong in the annual periods, with sizable operating cash flow and positive free cash flow in 2021–2024, supporting reinvestment and financial flexibility. That said, TTM (Trailing-Twelve-Months) free cash flow has turned negative and fell sharply versus the prior period, even though operating cash flow remains positive—pointing to heavier investment needs and/or working-capital drag. Overall cash flow quality looks good over the cycle, but the latest TTM trend is a clear near-term pressure point.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	840.10B	777.10B	602.32B	424.06B	216.14B	156.60B
Gross Profit	147.79B	151.06B	119.51B	72.24B	28.14B	30.35B
EBITDA	49.02B	116.85B	82.38B	42.68B	20.51B	22.49B
Net Income	38.31B	40.25B	30.04B	16.62B	3.05B	4.23B
Balance Sheet
Total Assets	902.12B	783.36B	679.55B	493.86B	295.78B	201.02B
Cash, Cash Equivalents and Short-Term Investments	175.29B	143.25B	118.66B	72.10B	56.06B	14.45B
Total Debt	124.89B	30.24B	39.15B	21.83B	35.39B	52.28B
Total Liabilities	669.33B	584.67B	529.09B	372.47B	191.54B	136.56B
Stockholders Equity	219.91B	185.25B	138.81B	111.03B	95.07B	56.87B
Cash Flow
Free Cash Flow	-24.71B	36.09B	47.63B	43.38B	28.12B	33.62B
Operating Cash Flow	40.92B	133.45B	169.73B	140.84B	65.47B	45.39B
Investing Cash Flow	-167.58B	-129.08B	-125.66B	-120.60B	-45.40B	-14.44B
Financing Cash Flow	100.80B	-10.27B	12.82B	-19.49B	16.06B	-28.91B

BYD Company Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 12.15
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYDDY, the sentiment is Positive. The current price of 12.15 is below the 20-day moving average (MA) of 12.32, below the 50-day MA of 12.48, and below the 200-day MA of 14.60, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 56.13 is Neutral, neither overbought nor oversold. The STOCH value of 85.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BYDDY.

BYD Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TSLA	73 Outperform	$1.46T	292.33	7.03%	―	-1.56%	-59.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
BYDDY	61 Neutral	$119.61B	21.33	19.95%	1.53%	23.23%	10.53%
LI	55 Neutral	$16.26B	27.10	6.53%	―	-10.00%	-54.75%
RIVN	53 Neutral	$20.44B	-5.36	-65.28%	―	28.21%	44.43%
XPEV	50 Neutral	$19.69B	-49.60	-9.01%	―	86.57%	51.35%
NIO	45 Neutral	$10.55B	-3.24	-296.45%	―	14.94%	2.53%