BYD Co (1211) AI Stock Analysis

• Market Cap: $926.72B
• Dividend Yield: 1.47%
• Average Volume (3M): 23.39M
• Price to Earnings (P/E): 21.4
• Beta (1Y): 0.93
• Revenue Growth: 22.94%
• EPS Growth: 10.22%
• Country: HK
• Employees: 968,900
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Manufacturers
• EPS (TTM): 0.94
• Shares Outstanding: 3,683,400,000
• 10 Day Avg. Volume: 20,437,460
• 30 Day Avg. Volume: 23,391,018
• PEG Ratio: 0.53
• Price to Book (P/B): 3.93
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 20.16
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 1.14
• Enterprise Value/Gross Profit: 6.11
• Enterprise Value/Ebitda: 18.08
• 1Y Price Target: $135.16
• Price Target Upside: 37.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 16
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 66 Neutral
• Price Target: HK$105.00 ▲(7.14% Upside)

BYD Co's overall stock score is driven primarily by its strong financial performance, which is offset by bearish technical indicators. The valuation is reasonable but not compelling, and the lack of earnings call data or notable corporate events leaves the financials and technicals as the primary influences on the score.

Positive Factors

Revenue Growth

The significant revenue growth indicates BYD's expanding market presence and successful product adoption, which supports long-term business sustainability.

European Market Expansion

The rapid growth in European sales reflects BYD's successful penetration into new markets, enhancing its global footprint and competitive positioning.

Profitability Improvements

Improved profitability margins demonstrate BYD's effective cost management and pricing strategy, which are crucial for sustaining long-term financial health.

Negative Factors

Negative Free Cash Flow

Negative free cash flow suggests challenges in capital expenditure management, which could impact BYD's ability to fund future growth initiatives without external financing.

Struggles in Japanese Market

Difficulty in penetrating the Japanese market highlights potential challenges in adapting to local consumer preferences, which could limit growth in this region.

High Liabilities

Elevated liabilities may strain BYD's financial flexibility and increase risk exposure, potentially affecting its ability to invest in growth opportunities.

BYD Co 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, including passenger cars, buses, and trucks. The company has established a robust revenue model that includes direct vehicle sales, leasing, and financing options for customers. Additionally, BYD profits from manufacturing lithium iron phosphate batteries, which are essential for its EVs and are also sold to other manufacturers. The company has formed strategic partnerships with various entities, including local governments and businesses, to promote electric public transport solutions, further enhancing its revenue streams. Furthermore, BYD invests in renewable energy projects and energy storage systems, contributing to its earnings through long-term contracts and service agreements.

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 analysis shows robust operating cash generation, but negative free cash flow suggests a need to optimize capital expenditures.

Income Statement

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

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

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	847.26B	777.10B	602.32B	424.06B	216.14B	156.60B
Gross Profit	157.65B	151.06B	119.51B	72.24B	28.14B	30.35B
EBITDA	53.31B	116.85B	82.38B	42.68B	20.51B	22.49B
Net Income	42.13B	40.25B	30.04B	16.62B	3.05B	6.01B
Balance Sheet
Total Assets	846.34B	783.36B	679.55B	493.86B	295.78B	201.02B
Cash, Cash Equivalents and Short-Term Investments	147.43B	143.25B	118.66B	72.10B	56.06B	14.45B
Total Debt	30.61B	30.24B	39.15B	15.36B	22.41B	41.04B
Total Liabilities	601.59B	584.67B	529.09B	372.47B	191.54B	136.56B
Stockholders Equity	232.17B	185.25B	138.81B	111.03B	95.07B	56.87B
Cash Flow
Free Cash Flow	-21.64B	36.09B	47.63B	43.38B	28.12B	33.62B
Operating Cash Flow	109.01B	133.45B	169.73B	140.84B	65.47B	45.39B
Investing Cash Flow	-147.70B	-129.08B	-125.66B	-120.60B	-45.40B	-14.44B
Financing Cash Flow	51.75B	-10.27B	12.82B	-19.49B	16.06B	-28.91B

BYD Co Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 98.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1211, the sentiment is Negative. The current price of 98 is above the 20-day moving average (MA) of 98.00, below the 50-day MA of 102.02, and below the 200-day MA of 117.88, indicating a neutral trend. The MACD of -0.82 indicates Negative momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 45.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1211.

BYD Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2333	73 Outperform	$187.42B	10.89	13.04%	3.38%	7.93%	-12.94%
0175	72 Outperform	HK$178.91B	9.89	17.60%	1.90%	―	―
1211	66 Neutral	$926.72B	21.35	19.95%	1.47%	22.94%	10.22%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2015	59 Neutral	€156.95B	18.96	7.01%	―	-10.21%	-54.95%
9868	53 Neutral	HK$169.45B	-36.42	-9.03%	―	86.21%	51.50%
9863	49 Neutral	HK$80.76B	-121.11	-4.91%	―	139.96%	86.04%

BYD Co Corporate Events

BYD’s EGM Approves Key Amendments to Strengthen Governance

BYD Company Limited announced that all resolutions proposed at its Extraordinary General Meeting (EGM) were approved by shareholders. The approved amendments to the Articles of Association and internal rules are expected to enhance corporate governance and operational efficiency, potentially strengthening BYD’s market position and stakeholder confidence.

BYD Reports Robust Growth in November 2025 NEV Production and Sales

BYD Company Limited announced its production and sales volume for November 2025, highlighting a total production of 474,175 units and sales of 480,186 units. The company reported significant year-on-year growth in its commercial vehicle segment, with a notable increase in export volumes of new energy vehicles, reaching 131,935 units. The installed capacity of NEV power and energy storage batteries for November was approximately 27.669 GWh, contributing to a cumulative capacity of 258.282 GWh for the year. These figures, although unaudited, reflect BYD’s strong market presence and commitment to expanding its new energy vehicle offerings.

BYD Announces EGM and Closure of Member Register

BYD Company Limited has announced the closure of its register of members from December 2 to December 5, 2025, in preparation for an Extraordinary General Meeting (EGM) scheduled on December 5, 2025. This meeting will address proposed amendments to the Articles of Association and internal regulations, impacting shareholder voting rights and company governance.

BYD Announces Extraordinary General Meeting to Revise Governance Documents

BYD Company Limited has announced an Extraordinary General Meeting (EGM) scheduled for December 5, 2025, to consider and approve various amendments to its corporate governance documents. These include changes to the Articles of Association, Rules of Procedure for Shareholders’ General Meetings, and the Management System for Funds Raised, among others. The proposed amendments are aimed at enhancing the company’s operational efficiency and compliance, potentially impacting its governance structure and stakeholder engagement.

BYD Reports Strong NEV Sales Growth in October 2025

BYD Company Limited reported a significant increase in production and sales volumes for October 2025, with a notable year-on-year growth in battery electric vehicles. The company achieved a total sales volume of 441,706 units, marking a 13.88% increase from the previous year. The export volume of NEVs reached 83,904 units, and the installed capacity of NEV power batteries was approximately 27.362 GWh for the month. These figures underscore BYD’s strong positioning in the NEV market, reflecting its ongoing commitment to innovation and market expansion.

BYD Proposes Amendments to Enhance Corporate Governance

BYD Company Limited has announced proposed amendments to its Articles of Association and relevant procedural rules. These changes are aimed at aligning with the latest regulatory requirements and enhancing corporate governance. The amendments reflect the company’s commitment to safeguarding the rights of its shareholders, employees, and creditors, potentially strengthening its operational framework and market position.

BYD Strengthens Governance with New Audit Committee

BYD Company Limited has established an Audit Committee to enhance its corporate governance structure and ensure effective oversight of its financial and operational activities. The committee, composed of independent non-executive directors with accounting expertise, is tasked with reviewing financial information, supervising internal and external audits, and maintaining transparency in financial disclosures. This move is expected to strengthen BYD’s decision-making processes and accountability, potentially boosting stakeholder confidence and aligning with regulatory requirements.

BYD Enhances Corporate Governance with New Nomination Committee Rules

BYD Company Limited has announced the implementation of new rules for its Nomination Committee, aimed at enhancing corporate governance and improving the nomination process for directors and senior officers. The committee will consist of at least three directors, with a majority being independent non-executive directors, and will be responsible for identifying qualified candidates to strengthen the company’s competitiveness. This move is expected to streamline the decision-making process and ensure a diverse and competent leadership team, potentially impacting the company’s strategic direction and stakeholder confidence.

BYD Enhances Governance with New Remuneration Committee

BYD Company Limited has established a Remuneration Committee as part of its corporate governance structure to oversee the remuneration policies for directors and senior management. This move aims to enhance regulatory compliance, improve corporate governance, and ensure effective monitoring and incentive mechanisms, thereby potentially strengthening BYD’s industry positioning and stakeholder confidence.

BYD Enhances Governance with New Remuneration Committee

BYD Company Limited has established a Remuneration Committee as part of its corporate governance structure to oversee the remuneration policies for directors and senior management. This move aims to enhance regulatory compliance, improve corporate governance, and ensure effective monitoring and incentive mechanisms, thereby potentially strengthening BYD’s industry positioning and stakeholder confidence.

BYD Reports Decline in Q3 2025 Profits Amid Asset Growth

BYD Company Limited has reported a decline in its financial performance for the third quarter of 2025, with a 3.05% decrease in operating revenue and a significant drop of 32.60% in net profit attributable to shareholders compared to the same period last year. Despite these declines, the company saw a 15.14% increase in total assets and a 32.53% rise in total owners’ equity, indicating a strong asset base and shareholder equity growth.

BYD Announces Board Meeting to Review Q3 Financial Results

BYD Company Limited has announced a board meeting scheduled for October 30, 2025, to review and approve the company’s unaudited third-quarter results for the period ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and strategic direction, potentially impacting its market positioning and stakeholder interests.

BYD Reports Strong Growth in September 2025 NEV Production and Sales

BYD Company Limited announced a significant increase in its production and sales volumes for September 2025, with a notable year-on-year growth in new energy vehicles. The company reported a total production volume of 405,554 units and sales volume of 396,270 units for the month, driven by a substantial rise in battery electric vehicle sales. The export volume of NEVs reached 71,256 units, and the installed capacity of NEV power batteries and energy storage batteries was approximately 23.200 GWh for September. These figures highlight BYD’s growing influence in the global NEV market and its commitment to expanding its production capabilities.