Company Valuation: BYD Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 724,616 651,570 571,597 785,956 845,468 667,528 - -
Change - -10.08% -12.27% 37.5% 7.57% -21.05% - -
Enterprise Value (EV) 1 708,526 619,310 500,541 703,579 874,231 708,231 692,491 635,573
Change - -12.59% -19.18% 40.56% 24.25% -18.99% -2.22% -8.22%
P/E 205x 29.8x 18.9x 18.1x 23.9x 14.1x 11.1x 9.02x
PBR 6.65x 4.47x 4.07x 3.93x 3.17x 1.95x 1.68x 1.46x
PEG - 0x 0.2x 0.5x -1.1x 0.8x 0.4x 0.4x
Capitalization / Revenue 3.43x 1.54x 0.95x 1.01x 1.05x 0.75x 0.66x 0.59x
EV / Revenue 3.35x 1.46x 0.83x 0.91x 1.09x 0.8x 0.69x 0.56x
EV / EBITDA 35x 15x 6.24x 6.13x 7.41x 5.47x 4.62x 3.7x
EV / EBIT 108x 28.7x 13.1x 13.9x 21.8x 14.5x 12x 8.93x
EV / FCF 25.2x 14.2x 10.4x 19.5x -8.95x 276x 15.2x 4.97x
FCF Yield 3.97% 7.05% 9.61% 5.13% -11.2% 0.36% 6.56% 20.1%
Dividend per Share 2 0.035 0.3807 1.032 1.325 0.358 1.05 1.279 1.554
Rate of return 0.05% 0.67% 1.59% 1.59% 0.42% 1.75% 2.14% 2.6%
EPS 2 0.3533 1.903 3.44 4.613 3.58 4.234 5.376 6.642
Distribution rate 9.91% 20% 30% 28.7% 10% 24.8% 23.8% 23.4%
Net sales 1 211,300 424,061 602,315 777,102 803,965 887,579 1,005,130 1,127,942
EBITDA 1 20,236 41,328 80,265 114,749 118,054 129,523 150,032 171,655
EBIT 1 6,571 21,542 38,103 50,486 40,185 48,679 57,813 71,199
Net income 1 3,045 16,622 30,041 40,254 32,619 38,267 49,041 60,993
Net Debt 1 -16,091 -32,260 -71,056 -82,378 28,763 40,704 24,963 -31,955
Reference price 2 72.40 56.79 64.87 83.51 85.68 59.89 59.89 59.89
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 29/3/22 28/3/23 26/3/24 24/3/25 27/3/26 - - -
1CNY in Million2CNY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
402.09x14.65x106.36x-.--% 1,611B
9.9x1.27x11.49x3.29% 231B
14.06x0.79x5.43x1.76% 99.32B
35.47x8.97x22.86x1.1% 74.93B
7.47x0.34x2.72x0.89% 67.94B
7.17x1.19x13.66x3.77% 51.29B
10.32x0.26x3.27x5.14% 46.69B
11.44x0.68x9.21x3.97% 44.1B
7.44x0.05x0.51x7.6% 40.7B
Average 56.15x 3.13x 19.50x 3.06% 251.89B
Weighted average by Cap. 289.42x 10.93x 78.38x 0.88%

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