Company Valuation: BYD Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 724,616 651,570 571,597 785,956 845,468 867,674 - -
Change - -10.08% -12.27% 37.5% 7.57% 2.63% - -
Enterprise Value (EV) 1 708,526 613,134 493,383 703,579 874,231 824,507 740,912 645,448
Change - -13.46% -19.53% 42.6% 24.25% -5.69% -10.14% -12.88%
P/E ratio 205x 29.8x 18.9x 18.1x 23.9x 20.2x 15.8x 13.2x
PBR 6.65x 4.47x 4.07x 3.93x - 2.86x 2.48x 2.16x
PEG - 0x 0.2x 0.5x -1.1x 0.9x 0.6x 0.6x
Capitalization / Revenue 3.43x 1.54x 0.95x 1.01x 1.05x 0.95x 0.83x 0.77x
EV / Revenue 3.35x 1.45x 0.82x 0.91x 1.09x 0.9x 0.71x 0.57x
EV / EBITDA 35x 14.7x 6.04x 6.13x 7.41x 6.52x 4.97x 3.76x
EV / EBIT 108x 28.5x 12.9x 13.9x 21.8x 18.5x 12.4x 9.13x
EV / FCF 25.2x 14.1x 10.4x 19.5x -8.95x 32.2x 12.8x 5.42x
FCF Yield 3.97% 7.08% 9.65% 5.13% -11.2% 3.11% 7.8% 18.5%
Dividend per Share 2 0.035 0.3807 1.032 1.325 0.358 0.4733 1.408 1.604
Rate of return 0.05% 0.67% 1.59% 1.59% 0.42% 0.54% 1.59% 1.82%
EPS 2 0.3533 1.903 3.44 4.613 3.58 4.371 5.57 6.708
Distribution rate 9.91% 20% 30% 28.7% 10% 10.8% 25.3% 23.9%
Net sales 1 211,300 424,061 602,315 777,102 803,965 914,048 1,041,196 1,131,743
EBITDA 1 20,236 41,830 81,656 114,749 118,054 126,524 149,221 171,584
EBIT 1 6,571 21,542 38,103 50,486 40,185 44,549 59,712 70,672
Net income 1 3,045 16,622 30,041 40,254 32,619 39,770 51,824 60,679
Net Debt 1 -16,091 -38,436 -78,213 -82,378 28,763 -43,167 -126,762 -222,226
Reference price 2 72.40 56.79 64.87 83.51 85.68 88.27 88.27 88.27
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 29/03/22 28/03/23 26/03/24 24/03/25 27/03/26 - - -
1CNY in Million2CNY
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.82x0.89x6.44x0.55% 126B
314.21x15.49x103.98x-.--% 1,609B
14.65x0.34x4.91x1.77% 22.7B
178.18x0.47x12.68x-.--% 19.42B
-5.27x2.98x-10.37x-.--% 18.2B
-114.06x0.83x553.69x-.--% 14.93B
-19.34x0.82x15.8x-.--% 14.64B
-3.26x3.22x-15.38x - 10.08B
17.99x0.33x7.74x-.--% 8.68B
Average 44.77x 2.82x 75.50x 0.29% 204.87B
Weighted average by Cap. 276.51x 13.65x 95.82x 0.06%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. 1211 Stock
  4. Valuation BYD Company Limited