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Consumer Durables

BYD Co. Ltd.

  • 48.40 HKD
  • +0.50
  • +1.04%
  • China
    Jul 18, 2019
  • Ticker
    HKG(1211)
  • Prev. close
    47.90
  • Market cap (HKD)
    153,992.99M
  • Market cap (USD)
    19,705.68M
  • Shares
    2,728.14M

Company Background

BYD is a major Chinese automaker based in Shenzhen, Guangdong Province. It sells vehicles under the BYD brand.

Founded in 1995, BYD started out as a battery maker and entered the automobile business in 2003. The company has diversified into areas such as cellphone assembly and solar cell manufacturing. Leveraging its strength as a battery maker, the company is developing electric and plug-in hybrid vehicles.

BYD Chairman Wang Chuanfu, who was once the richest man in China, still has supreme power within the company. Wang holds about a 23% stake in BYD as of March 2015, making him the largest shareholder. A subsidiary of Berkshire Hathaway, run by U.S. billionaire investor Warren Buffett, bought into the company in 2008. It is still a major shareholder with about a 9% stake.

Business Summary

BYD Co. Ltd. engages in the research, development, manufacture and sale of rechargeable batteries and photovoltaic business. It operates its business through four segments: Rechargeable Battery and Other Products; Mobile Handset Components and Assembly Service; Automobiles and Related Products; and Corporate and Others. The Rechargeable Battery and Other Products segment manufactures and sells lithium-ion and nickel batteries principally for mobile phones, electric tool, and other portable electronic instruments and new energy products. The Mobile Handset Components and Assembly Service segment consists of mobile handset components such as housings, keypads, and the provision of assembly services. The Automobiles and Related Products segment comprises of automobiles, auto-related moulds and components, automobiles leasing, after sales service, and skyrail related business. The company was founded on February 10, 1995 and is headquartered in Shenzhen, China.

Financial Highlights

Dec 2018 HKDUSD
Revenue151,502.40M19,330.33M
Gross Profit21,006.63M2,680.25M
Operating income6,122.55M781.18M
Income before tax5,460.76M696.74M
Net income3,293.01M420.15M
EBITDA17,285.62M2,205.48M
Diluted EPS1.200.15
Dividends Per Share0.230.02
Total Assets222,247.03M28,386.39M
Total liabilities155,285.11M19,833.71M
Total equity58,503.15M7,472.28M
Operating cash flow14,920.67M1,903.74M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 72,036.26M 97,126.29M 119,129.94M 120,595.85M 151,502.40M
Gross Profit 8,958.59M 13,648.85M 21,300.30M 20,905.01M 21,006.63M
Operating income 1,647.73M 4,511.26M 9,383.12M 7,911.08M 6,122.55M
Income before tax 1,253.92M 4,980.52M 8,375.49M 6,739.98M 5,460.76M
Net income 545.60M 3,482.65M 5,903.03M 4,689.00M 3,293.01M
EBITDA 7,078.09M 11,011.12M 17,594.26M 16,089.34M 17,285.62M
Diluted EPS 0.22 1.40 2.19 1.71 1.20
Dividends Per Share 0 0 0.62 0.17 0.23
Total Assets 117,508.79M 137,832.93M 161,846.96M 213,798.62M 222,247.03M
Total liabilities 80,003.94M 96,805.74M 102,641.80M 144,492.01M 155,285.11M
Total equity 31,706.38M 34,724.34M 52,948.48M 61,352.83M 58,503.15M
Operating cash flow 53.27M 4,757.00M -2,334.53M 7,389.84M 14,920.67M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 9,289.39M 12,528.26M 15,346.93M 15,475.25M 19,330.33M
Gross Profit 1,155.25M 1,760.55M 2,744.01M 2,682.60M 2,680.25M
Operating income 212.48M 581.90M 1,208.78M 1,015.17M 781.18M
Income before tax 161.69M 642.43M 1,078.97M 864.89M 696.74M
Net income 70.35M 449.22M 760.45M 601.70M 420.15M
EBITDA 912.75M 1,420.31M 2,266.58M 2,064.63M 2,205.48M
Diluted EPS 0.02 0.18 0.28 0.22 0.15
Dividends Per Share 0 0 0.08 0.02 0.02
Total Assets 15,152.94M 17,784.54M 20,874.99M 27,349.42M 28,386.39M
Total liabilities 10,316.63M 12,490.82M 13,238.72M 18,483.62M 19,833.71M
Total equity 4,088.58M 4,480.47M 6,829.28M 7,848.34M 7,472.28M
Operating cash flow 6.86M 613.60M -300.74M 948.28M 1,903.74M

Valuation Measures

Dec 2018
PER41.38
ROA1.51%
ROE5.49%
Operating margin4.04%
Profit margin2.17%

Key executives

  • Chairman, President & General Manager: Chuan Fu Wang
  • Chief Financial Officer: Ya Lin Zhou
  • Vice President: Huan Ming Liu
  • Vice President & General Manager-Division I: Nian Qiang Wang
  • Vice President & General Manager-Division 14: Hong Bin Luo

Shareholders

  • Berkshire Hathaway, Inc. (24.5%)
  • Himalaya Capital Management LLC (8.2%)
  • The Vanguard Group, Inc. (2.7%)
  • BlackRock Fund Advisors (2.3%)
  • Norges Bank Investment Management (1.1%)
  • BlackRock Japan Co., Ltd. (0.7%)
  • Global X Management Co. LLC (0.6%)
  • JPMorgan Chase Bank, NA (Investment Management) (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.5%)
  • BlackRock Investment Management (UK) Ltd. (0.5%)

Contact Details

  • Website:http://www.byd.com.cn
  • Address: No.1, Yan'an Road, Kuichong Street, Shenzhen, 518118, China
  • Phone: +86.755.8988.8888

Related Companies

  • Huizhou Byd Battery Co., Ltd.
  • BYD (Shenzhen) Supply Chain Management Co., Ltd.
  • Changsha BYD Auto Co., Ltd.
  • BYD (Wuhan) Electronic Co., Ltd.
  • BYD Motors, Inc.
  • BYD (Shangluo) Industrial Co., Ltd.
  • BYD Auto Industry Co., Ltd.
  • Ogihara Corp. /Tatebayashi Ops/
  • Shanghai BYD Co. Ltd.
  • BYD Lithium Batteries Co., Ltd.
  • BYD Industry & Commerce Co., Ltd.
  • Byd Electronic Hungary Ltd.
  • Beijing Byd Mould Co. Ltd.
  • Byd Automobile Co. Ltd.
  • BYD (Huizhou) Co. Ltd.
  • BYD Auto Sales Co., Ltd.
  • BYD Battery Co. Ltd.
  • BYD America Corp.
  • BYD (Ningbo) Semi-conductor Co. Ltd.
  • BYD Hungary Kft
  • BYD (H.K.) Co. Ltd.
  • Shanghai BYD Lithium Battery Co. Ltd.
  • BYD Auto Co., Ltd.
  • Xian Zhen Chuan Automobile Ltd
  • BYD Electronic (International) Co., Ltd.

Competitors

  • Beiqi Foton Motor Co., Ltd. Class A
  • Xiamen King Long Motor Group Co. Ltd. Class A
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • CBAK Energy Technology, Inc.
  • Alstom SA
  • Shin Heung Energy & Electronics Co., Ltd.
  • Cummins Inc.
  • SolarEdge Technologies, Inc.
  • Electrovaya Inc.
  • Tianjin Motor Dies Co. Ltd. Class A
  • Advanced Lithium Electrochemistry (Cayman) Co. Ltd.
  • NFI Group Inc.
  • Sichuan Changhong Electric Co., Ltd. Class A
  • Electro Power Systems S.A.
  • Gentex Corporation
  • Zhejiang Huayou Cobalt Co. Ltd. Class A
  • ADOMANI, Inc.
Last Updated on 18 Jul, 2019

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