Want to see HK:1211 full AI Analyst Report?
Top Page
BYD Co
(1211)
Select Model
Select Model
Rating:54Neutral
Price Target:
HK$81.00
▼(-12.53% Downside)
Action:Reiterated
Date:08/30/26
The score is held back primarily by deteriorating cash flow (sustained negative free cash flow) and rising leverage, despite continued profitability and scale. Technicals are modestly supportive in the short term, but valuation is less compelling given the higher P/E and low dividend yield.
Positive Factors
Scaled profitability
BYD remains profitable at substantial scale, providing an established earnings base across its operations. Although recent performance has softened, continued profitability can support investment, product development, and competitive positioning through the next several quarters.
Negative Factors
Weaker revenue and margins
The earlier period of high double-digit revenue growth has lost momentum, while profitability has retreated from its 2023–2024 peak. Persistent slower sales and lower margins would reduce operating leverage and make it harder to fund expansion from internally generated earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Scaled profitability
BYD remains profitable at substantial scale, providing an established earnings base across its operations. Although recent performance has softened, continued profitability can support investment, product development, and competitive positioning through the next several quarters.
Read all positive factors
BYD Co (1211) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$788.42B
Dividend Yield0.52%
Average Volume (3M)18.08M
Price to Earnings (P/E)26.0
Beta (1Y)1.10
Revenue Growth-5.22%
EPS Growth-30.07%
CountryHK
Employees869,600
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)3.08
Shares Outstanding3,683,400,000
10 Day Avg. Volume22,719,354
30 Day Avg. Volume18,078,292
Financial Highlights & Ratios
PEG Ratio-1.00
Price to Book (P/B)3.40
Price to Sales (P/S)1.00
P/FCF Ratio-8.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$127.77Price Target Upside37.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)4.37
Revenue Forecast (FY)HK$899.37B
BYD Co Business Overview & Revenue Model
Company Description
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Mobile Handset Components, Assembly S...
How the Company Makes Money
BYD primarily makes money by selling products and related services across several major business lines. (1) Automotive and related products: The largest revenue driver is the sale of vehicles, including battery electric and plug-in hybrid passenge...
BYD Co Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
58
Neutral
Cash Flow
39
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 746.17B | 773.47B | 777.10B | 602.32B | 424.06B | 216.14B |
| Gross Profit | 111.20B | 116.35B | 151.06B | 119.51B | 72.24B | 28.14B |
| EBITDA | 115.11B | 100.35B | 116.85B | 82.38B | 42.68B | 20.51B |
| Net Income | 28.55B | 31.77B | 40.25B | 30.04B | 16.62B | 3.05B |
Balance Sheet | ||||||
| Total Assets | 946.18B | 890.31B | 783.36B | 679.55B | 493.86B | 295.78B |
| Cash, Cash Equivalents and Short-Term Investments | 137.76B | 139.20B | 143.25B | 118.66B | 72.10B | 56.06B |
| Total Debt | 205.15B | 165.42B | 30.24B | 39.15B | 15.36B | 22.41B |
| Total Liabilities | 693.70B | 650.40B | 584.67B | 529.09B | 372.47B | 191.54B |
| Stockholders Equity | 239.93B | 227.64B | 185.25B | 138.81B | 111.03B | 95.07B |
Cash Flow | ||||||
| Free Cash Flow | -57.11B | -94.79B | 36.09B | 47.63B | 43.38B | 28.12B |
| Operating Cash Flow | 65.02B | 57.96B | 133.45B | 169.73B | 140.84B | 65.47B |
| Investing Cash Flow | -176.65B | -192.56B | -129.08B | -125.66B | -120.60B | -45.40B |
| Financing Cash Flow | 60.11B | 101.76B | -10.27B | 12.82B | -19.49B | 16.06B |
BYD Co Technical Analysis
Negative
92.60
Price Trends
88.73
Negative
90.27
Negative
94.25
Negative
Market Momentum
-2.04
Positive
29.07
Positive
5.03
Positive
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 92.6 is above the 20-day moving average (MA) of 88.36, above the 50-day MA of 88.73, and below the 200-day MA of 94.25, indicating a bearish trend. The MACD of -2.04 indicates Positive momentum. The RSI at 29.07 is Positive, neither overbought nor oversold. The STOCH value of 5.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1211.
BYD Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$174.99B | 8.94 | 17.21% | 3.10% | 34.63% | 6.58% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$124.07B | 20.39 | 6.90% | 5.31% | 19.18% | -48.45% | |
54 Neutral | HK$788.42B | 26.01 | 12.56% | 0.52% | -5.22% | -30.07% | |
53 Neutral | HK$79.56B | -21.92 | -10.72% | ― | 29.34% | 23.95% | |
51 Neutral | HK$71.15B | -12.66 | -108.55% | ― | 70.16% | 82.65% | |
48 Neutral | HK$95.37B | -17.45 | -6.52% | ― | -24.50% | -159.09% |
* Consumer Cyclical Sector Average
HK:1211
BYD Co
79.85
-24.15
-23.22%
HK:0175
Geely Automobile Holdings
16.12
-1.84
-10.26%
HK:2333
Great Wall Motor Co
7.58
-9.24
-54.92%
HK:2015
Li Auto, Inc. Class A
46.34
-46.96
-50.33%
HK:9866
NIO Inc. Class A
28.52
-19.60
-40.73%
HK:9868
XPeng, Inc. Class A
41.34
-40.06
-49.21%
BYD Co Corporate Events
BYD Sets EGM to Approve Governance Changes and New Asset Pool Business
Sep 7, 2026
BYD Company Limited, a major Chinese joint stock company listed in Hong Kong, operates in advanced manufacturing and new energy sectors, including electric vehicles and batteries. Its shares are traded on the Hong Kong Stock Exchange through HKD a...
BYD Calls September EGM to Overhaul Board and Amend Articles
Sep 7, 2026
BYD Company Limited has called an extraordinary general meeting for 29 September 2026 in Shenzhen to seek shareholder approval for amendments to its Articles of Association and a comprehensive refresh of its board of directors. The proposed change...
BYD August New Energy Vehicle Output and Sales Decline Despite Export Strength
Sep 1, 2026
BYD reported August 2026 production of 440,703 new energy vehicles, down 4.73% year on year, with sales of 440,293 units representing a 6.84% decline. Passenger vehicle volumes fell in both battery electric and plug-in hybrid segments, while comme...
BYD Posts 2026 Interim Results as It Deepens Global Push in EVs, Batteries and Clean Transport
Aug 28, 2026
BYD Company Limited has released its unaudited interim results for the six months ended 30 June 2026, with the report now available on the Hong Kong Stock Exchange’s disclosure platform and the company’s own website. The board and audi...
BYD moves to expand board and tighten governance rules
Aug 28, 2026
BYD Company Limited plans to revise its Articles of Association to expand the size of its board from six to nine directors and refine the role of its board secretary. The move is framed as part of efforts to align with Chinese company law and stoc...
BYD Sets Late-August Board Meeting to Approve 2026 Interim Results
Aug 13, 2026
BYD Company Limited has scheduled a meeting of its board of directors for 28 August 2026 to review and approve the firm’s interim results for the six months ended 30 June 2026 and to authorize their publication. The announcement signals that...
BYD July NEV Volumes Decline Year-on-Year as Export Sales Surge
Aug 2, 2026
BYD reported July 2026 production of 420,249 new energy vehicles and sales of 419,211 units, with year-to-date figures showing declines of around 9%–10% compared with the same period in 2025. Passenger NEVs, particularly plug-in hybrids, dro...
BYD Posts Mid‑Teens June Decline in NEV Output as Exports Surge
Jul 1, 2026
BYD reported that June 2026 production and sales of new energy vehicles fell around 15% year on year, with passenger car volumes down in both battery electric and plug‑in hybrid segments. Commercial vehicle output and sales also declined mod...
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.