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BYD (BYDDF) (HK:1211)
:1211
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BYD Co (1211) AI Stock Analysis

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HK

BYD Co

(OTC:1211)

Rating:71Outperform
Price Target:
HK$139.00
▲(13.47%Upside)
BYD Co's stock score is primarily driven by strong financial performance, underpinned by robust revenue growth and profitability. The technical analysis reflects a slightly bearish market sentiment, while valuation is average. The lack of new earnings call data or corporate events did not influence the score.
Positive Factors
Expansion Plans
BYD is planning to set up its first India EV factory near Hyderabad, with an aim to produce 600,000 cars yearly by 2032, indicating a significant growth opportunity.
Financial Performance
BYD's 4Q24 net profit exceeded estimates at Rmb15,016 million, showing a 73% increase year-on-year.
Market Leadership
BYD is the leading EV manufacturer in China and globally, delivering 4.27 million units in 2024, highlighting its strong market position.
Negative Factors
Political Risks
BYD would need to scout for an Indian partner to hedge political risks, although the company may prefer to run overseas businesses solely.

BYD Co (1211) vs. iShares MSCI Hong Kong ETF (EWH)

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 Ltd makes money primarily through the manufacturing and sale of electric and hybrid vehicles, which form the largest portion of its revenue. The company has a significant market share in the electric vehicle industry, both domestically and internationally. In addition to vehicles, BYD generates revenue from its electronic components and rechargeable battery segments, which supply products to various industries, including mobile phones and consumer electronics. The renewable energy segment, which includes solar panels and energy storage solutions, also contributes to the company's earnings. BYD benefits from strategic partnerships with other automotive and technology firms, enhancing its distribution networks and technological capabilities. Government incentives and policies supporting clean energy and electric vehicle adoption also play a crucial role in boosting its financial performance.

BYD Co Financial Statement Overview

Summary
BYD Co's financial performance is robust, marked by strong revenue growth and profitability improvements with healthy margins. The balance sheet is stable with prudent leverage, though liabilities warrant attention. Cash flow is strong, but negative free cash flow indicates a need for better capital expenditure management.
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.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue777.10B602.32B424.06B216.14B156.60B
Gross Profit151.06B119.51B72.24B28.14B30.35B
EBITDA116.85B82.38B42.68B20.51B22.49B
Net Income40.25B30.04B16.62B3.05B6.01B
Balance Sheet
Total Assets783.36B679.55B493.86B295.78B201.02B
Cash, Cash Equivalents and Short-Term Investments143.25B118.66B72.10B56.06B14.45B
Total Debt30.24B39.15B15.36B22.41B41.04B
Total Liabilities584.67B529.09B372.47B191.54B136.56B
Stockholders Equity185.25B138.81B111.03B95.07B56.87B
Cash Flow
Free Cash Flow36.09B47.63B43.38B28.12B33.62B
Operating Cash Flow133.45B169.73B140.84B65.47B45.39B
Investing Cash Flow-129.08B-125.66B-120.60B-45.40B-14.44B
Financing Cash Flow-10.27B12.82B-19.49B16.06B-28.91B

BYD Co Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price122.50
Price Trends
50DMA
131.13
Negative
100DMA
127.60
Negative
200DMA
109.72
Positive
Market Momentum
MACD
-2.59
Negative
RSI
44.07
Neutral
STOCH
67.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1211, the sentiment is Neutral. The current price of 122.5 is below the 20-day moving average (MA) of 123.73, below the 50-day MA of 131.13, and above the 200-day MA of 109.72, indicating a neutral trend. The MACD of -2.59 indicates Negative momentum. The RSI at 44.07 is Neutral, neither overbought nor oversold. The STOCH value of 67.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:1211.

BYD Co Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$944.75B22.2623.91%1.17%33.89%45.52%
62
Neutral
$16.79B10.79-7.01%3.04%1.73%-25.15%
$23.10B8.0424.35%1.83%
$23.27B9.1914.58%3.73%
DEL87
€24.82B25.3312.25%
54
Neutral
HK$131.08B-15.50%49.80%50.02%
44
Neutral
HK$81.55B-24.98%89.72%40.14%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1211
BYD Co
122.50
43.44
54.95%
GELYF
Geely Automobile Holdings
2.33
1.31
128.43%
GWLLF
Great Wall Motor Co
1.62
0.24
17.39%
DE:L87
Li Auto, Inc. Class A
12.40
2.96
31.36%
HK:9863
Zhejiang Leapmotor Technology Co., Ltd. Class H
59.25
33.50
130.10%
HK:9868
XPeng, Inc. Class A
70.30
35.70
103.18%

BYD Co Corporate Events

BYD Reports Strong Growth in New Energy Vehicle Production and Sales for June 2025
Jul 1, 2025

BYD Company Limited announced its production and sales volumes for June 2025, highlighting significant growth in its new energy vehicle segment. The company reported a year-on-year increase in production and sales volumes, with notable growth in battery electric vehicles and commercial vehicles. The overseas sales volume of new energy vehicles reached 90,049 units, and the installed capacity of NEV power and energy storage batteries was approximately 27.019 GWh for June 2025. These figures underscore BYD’s strengthening position in the new energy vehicle market, although the data is unaudited and subject to confirmation.

The most recent analyst rating on (HK:1211) stock is a Hold with a HK$91.66 price target. To see the full list of analyst forecasts on BYD Co stock, see the HK:1211 Stock Forecast page.

BYD’s AGM Approves Key Financial Resolutions for 2024
Jun 6, 2025

BYD Company Limited announced the successful passing of resolutions at its Annual General Meeting (AGM) held on June 6, 2025. The meeting included discussions on the proposed 2024 profit distribution and capital reserve capitalization plans, which were approved by shareholders. This development is likely to impact the company’s financial strategies and shareholder value positively, reinforcing its market position and commitment to growth.

The most recent analyst rating on (HK:1211) stock is a Hold with a HK$275.00 price target. To see the full list of analyst forecasts on BYD Co stock, see the HK:1211 Stock Forecast page.

BYD Announces Final Dividend for 2024
Jun 6, 2025

BYD Company Limited announced a final cash dividend of RMB 3.974 per share for the financial year ending December 31, 2024, with payment to be made in Hong Kong dollars at an exchange rate of RMB 1 to HKD 1.09108. This announcement reflects the company’s financial performance and commitment to returning value to shareholders. The dividend will be paid on July 29, 2025, with specific tax implications for different types of shareholders, including exemptions for foreign individual shareholders and withholding taxes for non-resident enterprises and Southbound Trading investors.

The most recent analyst rating on (HK:1211) stock is a Buy with a HK$510.00 price target. To see the full list of analyst forecasts on BYD Co stock, see the HK:1211 Stock Forecast page.

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

BYD Company Limited announced its production and sales volumes for May 2025, highlighting significant year-on-year growth in its new energy vehicle segment. The company produced 349,824 units and sold 382,476 units in May 2025, with a notable increase in overseas sales of 89,047 units. The installed capacity of NEV power batteries and energy storage batteries reached approximately 28.476 GWh for the month, contributing to a cumulative capacity of 107.507 GWh for the year. These figures, although unaudited, suggest a strong market performance and an enhanced industry positioning for BYD.

The most recent analyst rating on (HK:1211) stock is a Hold with a HK$275.00 price target. To see the full list of analyst forecasts on BYD Co stock, see the HK:1211 Stock Forecast page.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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.Date of analysis: Jun 27, 2025