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Consumer Durables

BYD Co. Ltd.

  • 53.65 HKD
  • -0.05
  • -0.09%
  • China
    Nov 15, 2018
  • Ticker
    HKG(1211)
  • Prev. close
    53.70
  • Market cap (HKD)
    155,200.92M
  • Market cap (USD)
    19,819.33M
  • 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 2017 HKDUSD
Revenue120,595.85M15,475.25M
Gross Profit20,905.01M2,682.60M
Operating income7,911.08M1,015.17M
Income before tax6,739.98M864.89M
Net income4,689.00M601.70M
EBITDA16,089.34M2,064.63M
Diluted EPS1.710.22
Dividends Per Share0.170.02
Total Assets213,798.62M27,349.42M
Total liabilities144,492.01M18,483.62M
Total equity61,352.83M7,848.34M
Operating cash flow7,109.60M912.32M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 65,620.81M 72,377.43M 97,126.29M 119,129.94M 120,595.85M
Gross Profit 8,212.58M 9,299.76M 13,648.85M 21,539.71M 20,905.01M
Operating income 0 1,607.70M 4,511.26M 9,583.46M 7,911.08M
Income before tax 1,110.92M 1,253.92M 4,980.52M 8,375.49M 6,739.98M
Net income 697.80M 545.60M 3,482.65M 5,903.03M 4,689.00M
EBITDA 6,272.62M 7,038.07M 11,011.12M 17,555.19M 16,089.34M
Diluted EPS 0.29 0.22 1.40 2.19 1.71
Dividends Per Share 0.06 0 0 0.62 0.17
Total Assets 99,884.97M 117,508.79M 137,832.93M 161,846.96M 213,798.62M
Total liabilities 66,565.32M 80,003.94M 96,805.74M 102,641.80M 144,492.01M
Total equity 27,805.56M 31,706.38M 34,724.34M 52,948.48M 61,352.83M
Operating cash flow 3,073.75M 53.27M 4,757.00M -2,334.53M 7,109.60M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 8,459.95M 9,333.38M 12,528.26M 15,346.93M 15,475.25M
Gross Profit 1,058.78M 1,199.24M 1,760.55M 2,774.85M 2,682.60M
Operating income 0 207.32M 581.90M 1,234.59M 1,015.17M
Income before tax 143.22M 161.69M 642.43M 1,078.97M 864.89M
Net income 89.96M 70.35M 449.22M 760.45M 601.70M
EBITDA 808.67M 907.58M 1,420.31M 2,261.55M 2,064.63M
Diluted EPS 0.03 0.02 0.18 0.28 0.22
Dividends Per Share 0.00 0 0 0.08 0.02
Total Assets 12,882.15M 15,152.94M 17,784.54M 20,874.99M 27,349.42M
Total liabilities 8,584.92M 10,316.63M 12,490.82M 13,238.72M 18,483.62M
Total equity 3,586.07M 4,088.58M 4,480.47M 6,829.28M 7,848.34M
Operating cash flow 396.27M 6.86M 613.60M -300.74M 912.32M

Valuation Measures

Dec 2017
PER39.62
ROA2.49%
ROE8.20%
Operating margin6.55%
Profit margin3.88%

Key executives

  • Chairman, President & Executive Director: Chuan Fu Wang
  • Chief Financial Officer & Vice President: Jing Sheng Wu
  • 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. (2.6%)
  • BlackRock Fund Advisors (2.1%)
  • Hang Seng Investment Management Ltd. (0.7%)
  • Norges Bank Investment Management (0.6%)
  • Global X Management Co. LLC (0.5%)
  • JPMorgan Whitefriars (UK) (0.5%)
  • BlackRock Advisors (UK) Ltd. (0.4%)
  • Dimensional Fund Advisors LP (0.4%)

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

  • BYD Motors, Inc.
  • Shangluo BYD Industry 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 Precision Manufacture 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
  • Hengdian Group DMEGC Magnetics Co., Ltd Class A
  • Xiamen King Long Motor Group Co. Ltd. Class A
  • Sichuan Changhong Electric Co., Ltd. Class A
  • CBAK Energy Technology, Inc.
  • NIO Inc. Sponsored ADR Class A
  • Electrovaya Inc.
  • Tianjin Motor Dies Co. Ltd. Class A
  • Advanced Lithium Electrochemistry (Cayman) Co. Ltd.
  • NFI Group Inc.
  • Electro Power Systems S.A.
  • Gentex Corporation
Last Updated on 15 Nov, 2018

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