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BYD (BYDDF) (HK:1211)
:1211

BYD Co (1211) AI Stock Analysis

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HK

BYD Co

(OTC:1211)

72Outperform
BYD Co's overall stock score is driven by strong financial performance, particularly in revenue and profitability growth. The technical analysis presents mixed signals, with some short-term caution advised due to overbought conditions. Valuation metrics suggest a fair price given growth potential. The absence of recent earnings call and corporate events data results in a focus on the core financial and market trends.
Positive Factors
Expansion Plans
BYD is planning to set up its first India EV factory near Hyderabad, aiming to produce 600,000 cars yearly by 2032, which could significantly boost its market presence.
Financial Performance
BYD's 4Q24 net profit exceeded estimates with a 73% increase year-on-year, demonstrating strong financial growth.
Market Leadership
BYD’s strong R&D and cost leadership position it as a leader in the EV market, with a proven ability to bring new products to market quickly and competitively.
Negative Factors
Expansion Challenges
The capacity expansion in India might be a multi-year and gradual move, potentially delaying significant growth.
Political Risk
BYD would need to scout for an Indian partner to hedge the political risk, as the company may prefer to run overseas businesses solely.

BYD Co (1211) vs. S&P 500 (SPY)

BYD Co Business Overview & Revenue Model

Company DescriptionBYD 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 MoneyBYD Co makes money primarily through the manufacturing and sale of electric vehicles and batteries. The company's automotive segment generates revenue by producing and selling a wide range of vehicles, including electric cars, plug-in hybrids, and commercial EVs. Additionally, BYD is a key player in the production of rechargeable batteries, supplying them to various industries and leveraging their use in energy storage and renewable energy systems. The company also derives income from its electronics segment, which manufactures electronic components such as mobile phone parts and LED products. Significant partnerships with global automotive companies and a strong focus on research and development in sustainable technologies further bolster BYD's revenue streams.

BYD Co Financial Statement Overview

Summary
BYD Co's financial performance is marked by strong revenue growth and profitability improvements, supported by healthy margins. The balance sheet reflects sound capital and leverage management, though attention to liabilities is necessary. Cash flow shows robust operating cash generation, but negative free cash flow suggests a need to optimize capital expenditures.
Income Statement
85
Very Positive
BYD Co has demonstrated strong revenue growth, moving from 424.06 billion to 822.52 billion in TTM. The gross profit margin in TTM is approximately 19.2%, indicating solid profitability. The net profit margin in TTM is 5.45%, showcasing improved profitability over the years. Revenue growth is robust, with a significant increase from the previous year, and the EBIT and EBITDA margins are healthy at 6.77% and 6.96%, respectively. These metrics reflect a strong financial performance with momentum in revenue and profit growth.
Balance Sheet
78
Positive
The company's balance sheet reveals a reasonable debt-to-equity ratio of 0.12, indicating prudent leverage management. The equity ratio is 27.76%, suggesting a stable capital structure. Return on equity (ROE) stands at 19.21%, reflecting efficient use of shareholder equity to generate profits. The company's financial stability is underpinned by healthy equity and asset management, although the high total liabilities relative to equity could pose future risks if not managed carefully.
Cash Flow
70
Positive
The operating cash flow is positive at 81.13 billion in TTM, but the free cash flow is negative at -18.83 billion, signaling potential issues with capital expenditure management. The operating cash flow to net income ratio is 1.81, indicating strong cash generation relative to net income. However, the free cash flow to net income ratio is negative, pointing to a need for better capital expenditure control. Overall, while cash generation is strong, the negative free cash flow warrants attention.
Breakdown
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
822.52B777.10B602.32B424.06B216.14B156.60B
Gross Profit
157.90B151.06B119.51B72.24B28.14B30.35B
EBIT
55.71B50.49B38.10B21.54B7.59B12.21B
EBITDA
57.27B116.85B82.38B42.68B20.51B22.49B
Net Income Common Stockholders
44.84B40.25B30.04B16.62B3.05B6.01B
Balance SheetCash, Cash Equivalents and Short-Term Investments
153.39B143.25B118.66B72.10B56.06B14.45B
Total Assets
840.53B783.36B679.55B493.86B295.78B201.02B
Total Debt
29.13B30.24B39.15B15.36B22.41B41.04B
Net Debt
-88.28B-72.50B-69.95B-36.11B-28.05B26.59B
Total Liabilities
594.37B584.67B529.09B372.47B191.54B136.56B
Stockholders Equity
233.36B185.25B138.81B111.03B95.07B56.87B
Cash FlowFree Cash Flow
-18.83B36.09B47.63B43.38B28.12B33.62B
Operating Cash Flow
81.13B133.45B169.73B140.84B65.47B45.39B
Investing Cash Flow
-134.55B-129.08B-125.66B-120.60B-45.40B-14.44B
Financing Cash Flow
32.92B-10.27B12.82B-19.49B16.06B-28.91B

BYD Co Technical Analysis

Technical Analysis Sentiment
Positive
Last Price420.40
Price Trends
50DMA
378.40
Positive
100DMA
337.86
Positive
200DMA
296.53
Positive
Market Momentum
MACD
9.93
Negative
RSI
62.70
Neutral
STOCH
78.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1211, the sentiment is Positive. The current price of 420.4 is above the 20-day moving average (MA) of 386.42, above the 50-day MA of 378.40, and above the 200-day MA of 296.53, indicating a bullish trend. The MACD of 9.93 indicates Negative momentum. The RSI at 62.70 is Neutral, neither overbought nor oversold. The STOCH value of 78.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1211.

BYD Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
72
Outperform
$1.20T23.8023.91%0.82%33.89%45.52%
61
Neutral
$6.98B11.292.93%3.90%2.60%-21.72%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1211
BYD Co
420.40
201.91
92.42%
BMCLF
BAIC Motor
0.25
-0.05
-16.67%
GNZUF
Guangzhou Automobile Group Co
0.36
-0.06
-14.29%
GWLLF
Great Wall Motor Co
1.56
-0.26
-14.29%

BYD Co Corporate Events

BYD Announces Final Dividend for 2024 with Tax Details
May 7, 2025

BYD Company Limited has announced a final cash dividend of RMB 3.974 per share for the financial year ending December 31, 2024. The announcement includes details on the withholding tax implications for different categories of shareholders, with specific tax rates applicable to non-resident enterprises and investors engaging in Southbound and Northbound Trading. The dividend payment is scheduled for July 29, 2025, with the record date set for June 17, 2025. This announcement reflects BYD’s ongoing commitment to returning value to its shareholders and may influence investor sentiment positively.

BYD Announces 2024 Bonus Share Issue and Tax Details
May 7, 2025

BYD Company Limited has announced an update regarding its bonus issue of shares for the financial year ending December 31, 2024. Shareholders will receive 8 bonus shares for every 10 shares held, with the distribution approved on June 6, 2025, and the first date of dealing in the bonus shares set for July 30, 2025. The announcement also details withholding tax implications for different types of shareholders, with specific tax rates applied to non-resident enterprises and domestic investors involved in Southbound Trading. This bonus issue is likely to impact BYD’s shareholder value and market positioning, reflecting the company’s robust financial performance and commitment to rewarding its investors.

BYD Announces Key Resolutions for 2025 at Upcoming AGM
May 7, 2025

BYD Company Limited has announced its upcoming Annual General Meeting (AGM) scheduled for June 6, 2025, where shareholders will vote on several key resolutions. These include approving financial reports for 2024, profit distribution plans, and the appointment of Ernst & Young Hua Ming LLP as the auditor for 2025. Additionally, the company plans to provide guarantees for its subsidiaries’ credit businesses, with a total guaranteed amount not exceeding RMB150 billion. These resolutions are expected to impact BYD’s financial strategies and stakeholder interests significantly.

BYD Announces AGM and Profit Distribution Plans
May 7, 2025

BYD Company Limited has announced the closure of its register of members in preparation for its Annual General Meeting (AGM) scheduled for June 6, 2025. During this meeting, shareholders will consider the approval of the 2024 Profit Distribution Plan and Capital Reserve Capitalization Plan, which includes a proposed final cash dividend, Bonus Issue, and Capitalization Issue. These proposals are contingent upon shareholder approval and other conditions, and if approved, will impact the distribution of dividends and shares to eligible shareholders. The announcement highlights the importance for shareholders and potential investors to exercise caution and consult professional advisors regarding the company’s securities.

BYD Reports Strong Growth in April 2025 NEV Production and Sales
May 1, 2025

BYD Company Limited announced a significant increase in its production and sales volumes for April 2025, with a notable year-on-year growth in new energy vehicles. The company’s overseas sales volume reached 79,086 units, and the installed capacity of NEV power and energy storage batteries for the month was approximately 26.478 GWh. These figures highlight BYD’s strong market presence and its continued expansion in the global new energy vehicle market, reflecting its strategic focus on sustainable transportation solutions.

BYD Reports Strong Q1 2025 Financial Performance
Apr 25, 2025

BYD Company Limited has reported a strong financial performance for the first quarter of 2025, with a notable increase in operating revenue and net profit compared to the same period last year. The company’s operating revenue rose by 36.35% to RMB 170.36 billion, while net profit attributable to shareholders doubled to RMB 9.15 billion. Despite a decrease in net cash flow from operating activities, BYD’s total assets and equity have seen significant growth, indicating a robust financial position. This performance underscores BYD’s competitive edge in the electric vehicle market and its potential for continued growth, benefiting stakeholders and reinforcing its industry positioning.

BYD Announces Final Dividend for 2024
Apr 24, 2025

BYD Company Limited has announced a final cash dividend of RMB 3.974 per share for the financial year ending December 31, 2024, with payment scheduled for August 6, 2025. This announcement reflects the company’s strong financial performance and commitment to returning value to shareholders, while also detailing the withholding tax obligations for different categories of shareholders, which could impact investor returns.

BYD Announces Significant Bonus Share Issue for 2024
Apr 24, 2025

BYD Company Limited has announced a bonus issue of shares for the financial year ending December 31, 2024, with a distribution ratio of 8 bonus shares for every 10 existing shares held. This move is likely to enhance shareholder value and reflects the company’s robust financial performance, potentially strengthening its position in the market.

BYD Revises 2024 Profit Distribution and Capitalization Plans
Apr 22, 2025

BYD Company Limited has announced a revised 2024 Profit Distribution Plan and Capital Reserve Capitalization Plan. The new plan includes a cash dividend distribution of RMB39.74 per 10 shares, issuance of bonus shares, and capitalization shares, significantly increasing the total number of shares. This strategic move aims to enhance shareholder value and strengthen BYD’s market position, pending necessary approvals and compliance with legal requirements.

BYD Approves 2025 Employee Share Ownership Plan at EGM
Apr 15, 2025

BYD Company Limited announced the successful passage of all resolutions at its Extraordinary General Meeting, including the adoption of the 2025 Employee Share Ownership Plan (ESOP) and related management measures. This development is expected to enhance employee engagement and align interests with shareholders, potentially strengthening BYD’s market position and operational efficiency.

BYD Announces Board Meeting to Review Q1 2025 Results
Apr 9, 2025

BYD Company Limited has announced a board meeting scheduled for April 25, 2025, to review and approve the company’s unaudited first quarterly results for the period ending March 31, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, impacting stakeholders and potentially influencing its market positioning.

BYD Projects Significant Profit Growth Amid Record NEV Sales
Apr 8, 2025

BYD Company Limited announced an estimated net profit increase of 86.04% to 118.88% for the first quarter of 2025 compared to the same period last year, driven by record NEV sales and substantial growth in international markets. The company’s strategic expansion of economies of scale and vertically integrated operations have significantly boosted its overall business profitability, further solidifying its position as a global leader in the NEV industry.

BYD Reports Robust Growth in March 2025 NEV Production and Sales
Apr 1, 2025

BYD Company Limited announced significant growth in production and sales volumes for March 2025, with a notable increase in new energy vehicles compared to the previous year. The company’s overseas sales volume reached 72,723 units, and the installed capacity of NEV power batteries and energy storage batteries was approximately 20.347 GWh for March 2025, indicating a strong market performance and positioning in the new energy vehicle sector.

BYD Announces Closure of Register for Upcoming EGM on 2025 ESOP
Mar 21, 2025

BYD Company Limited has announced the closure of its register of members from April 10 to April 15, 2025, to determine the eligibility of shareholders to attend and vote at the Extraordinary General Meeting (EGM) scheduled for April 15, 2025. The meeting will address the proposed adoption of the 2025 Employee Stock Ownership Plan (ESOP), management measures, and grant authorization to the board for related matters, reflecting BYD’s strategic focus on enhancing corporate governance and stakeholder engagement.

BYD Announces EGM to Approve 2025 Employee Share Ownership Plan
Mar 21, 2025

BYD Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for April 15, 2025, to discuss and approve the 2025 Employee Share Ownership Plan. This initiative is expected to align employee interests with company growth, potentially strengthening BYD’s market position and stakeholder confidence.

BYD Co. Expands Share Capital with New H Shares Placement
Mar 17, 2025

BYD Company Limited announced the completion of a significant placement of 129,800,000 new H Shares, increasing its total issued shares and registered capital. This move, approved by the company’s board, reflects a strategic adjustment in its equity structure, enhancing its market positioning and potentially impacting stakeholder interests by increasing the proportion of overseas-listed foreign shares.

BYD Completes Successful Placement of H Shares
Mar 11, 2025

BYD Company Limited announced the successful completion of a placement of 129,800,000 new H shares, which represents approximately 10.57% of the total number of H shares issued. The placement was completed on March 11, 2025, with the shares being issued at a price of HK$335.2 per share to independent third-party placees. This transaction has increased the total issued shares from 2,909,265,855 to 3,039,065,855, and the total issued H shares from 1,098,000,000 to 1,227,800,000. The net proceeds from the placement amount to approximately HK$43,383 million, which will likely strengthen BYD’s financial position and support its growth initiatives.

BYD Announces New H Share Placement to Boost R&D and Overseas Expansion
Mar 3, 2025

BYD Company Limited announced the placement of new H shares under a general mandate, with an expected gross proceeds of approximately HK$43,509 million. The net proceeds will be used for research and development, overseas business expansion, and general corporate purposes. The placement represents a significant portion of the company’s existing shares and aims to strengthen its market position and operational capabilities.

BYD Reports Robust Growth in February 2025 NEV Sales
Mar 2, 2025

BYD Company Limited announced a significant increase in its production and sales volumes for February 2025, with new energy vehicle sales more than doubling compared to the previous year. The company reported a notable rise in both battery electric and plug-in hybrid vehicle sales, alongside a substantial increase in commercial vehicle production. This growth underscores BYD’s strengthened position in the new energy vehicle market, reflecting its strategic focus on expanding its global footprint and enhancing its production capabilities.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.