BYD Company Limited

SEHK-1211

Basic

Market Cap
HK$663.09B
EV
HK$620.45B
Shares Out
2,903.75M
Revenue
CN¥607.09B
Employees
703,500

Margins

Gross
20.65%
EBITDA
13.03%
Operating
5.21%
Pre-Tax
6.22%
Net
5.02%
FCF
8.18%

Returns (5Yr Avg)

ROA
2.59%
ROTA
11.6%
ROE
9.28%
ROCE
10.65%
ROIC
4.54%

Valuation (TTM)

P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—

Valuation (NTM)

Price Target
HK$289.09
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—

Financial Health

Cash
CN¥96.18B
Net Debt
-CN¥51.2B
Debt/Equity
0.29
EBIT/Interest
15.06

Growth (CAGR)

Rev 3Yr
50.55%
Rev 5Yr
34.95%
Rev 10Yr
27.93%
Dil EPS 3Yr
90.12%
Dil EPS 5Yr
49.67%
Dil EPS 10Yr
47.74%
Rev Fwd 2Yr
20.62%
EBITDA Fwd 2Yr
11.97%
EPS Fwd 2Yr
21.9%
EPS LT Growth Est
17.72%

Dividends

Yield
—
Payout
29.56%
DPS
CN¥3.1
DPS Growth 3Yr
175.54%
DPS Growth 5Yr
72.28%
DPS Growth 10Yr
51.07%
DPS Growth Fwd 2Yr
9.68%

Metric	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Operating Revenues						123,322.4	151,940	208,285	414,781.2	590,468.3	595,239.1
Other Revenues, Total						4,416.2	4,657.7	7,857.4	9,279.4	11,847.1	11,847.1
Total Revenues						127,738.5	156,597.7	216,142.4	424,060.6	602,315.4	607,086.1
Total Revenues % Chg.						-1.8%	22.6%	38%	96.2%	42%	27.2%
Cost of Goods Sold, Total						107,077	126,750.6	188,705.4	352,649.7	482,803.2	481,700
Gross Profit						20,661.5	29,847.1	27,437	71,410.9	119,512.2	125,386.1
Selling General & Admin Expenses, Total						8,486.9	9,377.1	11,791.9	25,068	38,673.1	41,231.2
Provision for Bad Debts						477	1,148.9	466.7	1,063.6	1,539.8	1,636.6
R&D Expenses	—	—	—			5,629.4	7,464.9	7,991	18,654.5	39,574.9	43,947.7
Other Operating Expenses						1,319.2	459.2	764.7	5,546	7,281.9	6,935.1
Other Operating Expenses, Total						15,912.5	18,450.1	21,014.2	50,332	87,069.8	93,750.7
Operating Income						4,749	11,397	6,422.8	21,078.9	32,442.4	31,635.5
Interest Expense, Total						-3,487.4	-3,123.8	-1,907.6	-1,316.4	-1,827.6	-2,100.9
Interest And Investment Income						353.8	214.6	631.8	1,829.6	4,431.3	4,862.9
Net Interest Expenses						-3,133.6	-2,909.2	-1,275.8	513.3	2,603.7	2,762
Currency Exchange Gains (Loss)						130.5	-805.5	-533.3	1,216.4	638.8	638.8
Other Non Operating Income (Expenses)						-10.8	31.4	75.6	-22	-115.7	302.6
EBT, Excl. Unusual Items						1,735	7,713.7	4,689.2	22,786.6	35,569.2	35,338.9
Gain (Loss) On Sale Of Investments	—					-805.3	-324.1	-9.8	-665.8	257.7	319.8
Gain (Loss) On Sale Of Assets						-99.8	-375.7	-112.8	-876.1	-1,053.7	-1,100
Asset Writedown				—		—	-192.9	-93.3	-413.6	—	-150.4
Other Unusual Items						1,601.1	61.6	44.6	248.7	2,495.4	3,360.5
EBT, Incl. Unusual Items						2,431.1	6,882.6	4,518	21,079.7	37,268.6	37,768.8
Income Tax Expense						312.3	868.6	550.7	3,366.6	5,924.6	6,023.8
Earnings From Continuing Operations						2,118.9	6,014	3,967.3	17,713.1	31,344.1	31,745
Minority Interest						-504.4	-1,779.7	-922.1	-1,090.7	-1,303.3	-1,265.4
Net Income						1,614.5	4,234.3	3,045.2	16,622.4	30,040.8	30,479.5
Preferred Dividend and Other Adjustments	—	—	—	—	—	—	—	19.3	6.3	39.8	39.8
Net Income to Common Incl Extra Items						1,614.5	4,234.3	3,025.9	16,616.2	30,001	30,439.7
Net Income to Common Excl. Extra Items						1,614.5	4,234.3	3,025.9	16,616.2	30,001	30,439.7
Total Shares Outstanding						2,728.1	2,728.1	2,911.1	2,905.6	2,904.4	2,905.6
Weighted Avg. Shares Outstanding						3,228.9	2,880.5	2,854.2	2,907.9	2,906.4	2,906.8
Weighted Avg. Shares Outstanding Dil						3,228.9	2,880.5	2,854.2	2,910.5	2,908.1	2,908.5
EPS						0.5	1.5	1.1	5.7	10.3	10.5
EPS Diluted						0.5	1.5	1.1	5.7	10.3	10.5
EBITDA						14,332.8	23,714.9	20,230.9	40,783.1	74,334.5	79,074.5
Effective Tax Rate						12.8%	12.6%	12.2%	16%	15.9%	15.9%