Company Valuation: BYD Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 724,616 651,570 571,597 785,956 845,468 682,934 - -
Change - -10.08% -12.27% 37.5% 7.57% -19.22% - -
Enterprise Value (EV) 1 708,526 619,310 500,541 703,579 874,231 720,600 663,628 610,186
Change - -12.59% -19.18% 40.56% 24.25% -17.57% -7.91% -8.05%
P/E 205x 29.8x 18.9x 18.1x 23.9x 15x 11.6x 9.45x
PBR 6.65x 4.47x 4.07x 3.93x 3.17x 2.06x 1.79x 1.57x
PEG - 0x 0.2x 0.5x -1.1x 0.9x 0.4x 0.4x
Capitalization / Revenue 3.43x 1.54x 0.95x 1.01x 1.05x 0.77x 0.68x 0.6x
EV / Revenue 3.35x 1.46x 0.83x 0.91x 1.09x 0.81x 0.66x 0.54x
EV / EBITDA 35x 15x 6.24x 6.13x 7.41x 5.45x 4.32x 3.47x
EV / EBIT 108x 28.7x 13.1x 13.9x 21.8x 15x 11.6x 8.6x
EV / FCF 25.2x 14.2x 10.4x 19.5x -8.95x 235x 13.2x 5.25x
FCF Yield 3.97% 7.05% 9.61% 5.13% -11.2% 0.42% 7.57% 19%
Dividend per Share 2 0.035 0.3807 1.032 1.325 0.358 1.075 1.326 1.591
Rate of return 0.05% 0.67% 1.59% 1.59% 0.42% 1.71% 2.11% 2.53%
EPS 2 0.3533 1.903 3.44 4.613 3.58 4.204 5.413 6.657
Distribution rate 9.91% 20% 30% 28.7% 10% 25.6% 24.5% 23.9%
Net sales 1 211,300 424,061 602,315 777,102 803,965 884,590 1,010,918 1,134,900
EBITDA 1 20,236 41,328 80,265 114,749 118,054 132,187 153,462 175,853
EBIT 1 6,571 21,542 38,103 50,486 40,185 48,071 57,421 70,977
Net income 1 3,045 16,622 30,041 40,254 32,619 38,269 49,348 60,343
Net Debt 1 -16,091 -32,260 -71,056 -82,378 28,763 37,666 -19,306 -72,748
Reference price 2 72.40 56.79 64.87 83.51 85.68 62.88 62.88 62.88
Nbr of stocks (in thousands) 8,733,429 8,716,895 8,716,895 8,716,224 9,105,624 9,085,053 - -
Announcement Date 3/29/22 3/28/23 3/26/24 3/24/25 3/27/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
347.98x13.35x97.97x-.--% 1,454B
9.96x1.27x11.49x3.29% 231B
14.95x0.81x5.45x1.71% 102B
35.87x9.07x23.11x1.09% 76.3B
8.04x0.35x2.82x0.87% 72.61B
8.04x1.23x14.16x3.36% 57.29B
11.97x0.27x3.4x4.95% 48.57B
11.7x0.68x9.29x3.94% 44.42B
21.87x1.27x7.14x2.47% 42.9B
Average 52.26x 3.15x 19.43x 2.41% 236.5B
Weighted average by Cap. 242.19x 9.71x 70.14x 0.84%

Y-o-Y evolution of P/E

Valuation ratios - P/E - BYD Company Limited

Historical PBR trend

Valuation ratios - PBR - BYD Company Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - BYD Company Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - BYD Company Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - BYD Company Limited