All Hong Kong stocks quotes are at least 15 minutes delayed.
01211
BYD COMPANY
HKD
99.7500.000
(0.00%)
1D
AI Analysis for 01211
AI Analysis
High
99.750
Open
99.750
VWAP
--
Vol
--
Mkt Cap
897.00B
Low
99.750
Amount
--
EV/EBITDA(TTM)
7.00
Total Shares
9.00B
EV
909.00B
EV/OCF(TTM)
6.00
P/S(TTM)
1.00
BYD Co Ltd is a China-based company mainly engaged in the manufacture and sales of transportation equipment. The Company's main businesses include automobile business mainly based on new energy vehicles, mobile phone components and assembly business, secondary rechargeable batteries and photovoltaic business. The Company's passenger car brands include two major series of products, ‘Dynasty’ and ‘Ocean’. The Company conducts its business in the domestic market and overseas markets.
Show More
News
4.5
01-22aastocksHSI Rises by 44 Points; POP MART Jumps 6%; BIDU-SW Increases by 4%
Market Performance: The HSI closed up 44 points (0.17%) at 26,629, while the HSCEI fell 8 points (0.1%) to 9,114. The HSTECH rose 16 points (0.28%) to 5,762, with a total market turnover of HKD234.86 billion.
Chip Stocks Rally: Following a rally in memory chip stocks, ASMPT surged 6.3% to HKD108.2, while other chip makers like SMIC and HUA HONG SEMI also saw gains, reflecting positive sentiment in the sector.
Tech Stock Movements: BIDU-SW increased by 4.1% after JPMorgan raised its target price, while TENCENT and MEITUAN-W dipped slightly. BABA-W and JD-SW experienced modest gains.
Automotive and AI Stocks: BYD edged up 0.7%, while XPENG and SERES saw declines. AI stocks like UNISOUND and FOURTH PARADIGM dropped significantly, indicating volatility in the tech and automotive sectors.
6.0
01-22aastocksCMBI Ratings and Target Prices for Automotive, Parts, and Related Stocks (Table)
Stock Performance: XPeng (XPEV.US) and other automotive stocks like BYD and Geely Auto are rated as "Buy," with varying target prices and short selling ratios indicating market activity and investor sentiment.
Market Predictions: CICC forecasts changes in the Hang Seng Index, suggesting new constituents like ZIJIN GOLD INTL and BEONE MEDICINES, while Standard Chartered may replace Hang Seng Bank.
Industry Insights: UBS highlights high growth targets for the Chinese auto industry, focusing on exports and intelligence, while JPMorgan anticipates a slow start for auto sales in the first quarter.
Sales Forecast Adjustments: Citi has revised its sales forecast for Li Auto, projecting a decrease for 2026-27, while maintaining a hold rating for both Li Auto and Nio.
6.5
01-22aastocksCMBI Selects GEELY AUTO as Preferred Choice, Lowers 2026 NEV Sales Projections
CMBI's Sales Forecast: CMBI maintains a forecast for a 0.1% YoY decline in retail sales and a 2.9% YoY increase in wholesale sales of passenger vehicles in China, influenced by disappointing sales data from late last year.
New Energy Vehicles Adjustments: The growth forecast for new energy vehicles has been revised down to 12.6% for retail and 15.1% for wholesale sales due to stricter trade-in subsidy requirements.
Earnings Forecast Changes: CMBI has lowered its 4Q25 earnings forecasts for several automakers, including GWMOTOR, XPENG-W, LEAPMOTOR, and GAC GROUP, due to poor sales performance.
Positive Outlook for BYD and Others: Conversely, CMBI raised earnings forecasts for BYD, NIO, and LI AUTO, while maintaining its forecasts for GEELY AUTO, which it selected as a top pick with a Buy rating and a target price of HKD25.
1.0
01-21aastocksChina and UK Aim to Restore 'Golden Era' Business Discussions During UK PM's Visit to China: Report
UK-China Business Dialogue: The UK and China are set to revive the "Golden Era" business dialogue during Prime Minister Keir Starmer's upcoming visit to China, with participation from major companies from both nations.
Participating Companies: Notable UK companies involved include AstraZeneca, BP, and HSBC, while Chinese firms include Bank of China and BYD Company.
Impact of US Politics: US President Donald Trump's comments regarding Greenland may influence Starmer's visit, highlighting the interconnectedness of international relations.
Visit Details: The UK is expected to announce specifics about Starmer's itinerary and visit arrangements soon, following the recent approval of a new site for the Chinese Embassy in the UK.
6.5
01-21aastocksUBS Report: Chinese Automotive Sector Aims for Significant Growth with Focus on Exports and Innovation
China's Auto Industry Challenges: UBS highlights that despite a 19% sales growth target for China's auto industry, challenges such as reduced stimulus, increased taxes, and rising commodity prices may hinder domestic demand and profit margins.
Focus on Export and Technology: Investors are advised to target companies with overseas expansion capabilities and strengths in intelligent technology, as the export market becomes vital for growth, especially with agreements on EV pricing with the EU and reduced tariffs from Canada.
Company Strategies for Growth: GWMOTOR plans to export 600,000 cars in 2026, while SINOTRUK aims to enter the Brazilian and European markets, reflecting a strategic shift towards international markets.
Investment Preferences: UBS favors companies involved in autonomous driving and intelligent technology, such as WERIDE-W, PONY-W, and HESAI-W, as well as automakers like BYD and GWMOTOR with strong global market presence.
Money Flow
Over the past 66 trading days, overall net money flow is 396.00M, with retail investors contributing 17.00M and major investors adding 177.00M.
Net Buy $ Volume
Net Sell $ Volume
Citi Research
initiated
$174
2025-11-14
Reason
Citi Research has placed BYD COMPANY on a 90-day upside catalyst watch due to several key factors. Firstly, the firm's FY2026 net profit is expected to have a significantly reduced correlation with domestic NEV (New Energy Vehicle) sales, decreasing from over 50% in the past to potentially just 13%. This suggests a diversification in revenue sources, which could stabilize profits. Additionally, Citi believes that market expectations for BYD's domestic NEV business performance have reached a low point, indicating potential for recovery. With the introduction of a new model cycle in China in 1Q26, the risk-reward scenario from ongoing de-stocking is seen as favorable. Consequently, Citi has rated BYD COMPANY as a "Buy" and set a target price of $174, making it their top pick in the sector.
Citi Research
Price Target
$174
2025-11-14
initiated
Citi Research has placed BYD COMPANY on a 90-day upside catalyst watch due to several key factors. Firstly, the firm's FY2026 net profit is expected to have a significantly reduced correlation with domestic NEV (New Energy Vehicle) sales, decreasing from over 50% in the past to potentially just 13%. This suggests a diversification in revenue sources, which could stabilize profits. Additionally, Citi believes that market expectations for BYD's domestic NEV business performance have reached a low point, indicating potential for recovery. With the introduction of a new model cycle in China in 1Q26, the risk-reward scenario from ongoing de-stocking is seen as favorable. Consequently, Citi has rated BYD COMPANY as a "Buy" and set a target price of $174, making it their top pick in the sector.
Goldman Sachs
Goldman Sachs
maintain
$141
2025-11-10
Reason
The analyst rating from Goldman Sachs for BYD COMPANY is based on several key factors:
1. Long-term Overseas Expansion: The management's confidence in achieving overseas sales of 1.5 million units by 2026 is seen as a significant driver for profit growth.
2. Market Growth Potential: Goldman Sachs expects overseas markets to be the primary growth driver for the company over the next decade, with projected overseas sales (excluding the US) reaching between 1.5 to 3.5 million units from 2026 to 2035.
3. Earnings Growth Forecast: The broker anticipates a compound annual growth rate (CAGR) for earnings of 30% from 2025 to 2028, indicating strong financial performance.
4. Increasing Profit Contribution from Overseas: The forecasted increase in overseas profit contribution from 21% in 2024 to 60% in 2028 suggests a significant shift in the company's revenue sources.
5. Product Competitiveness: The expected increase in NEV (New Energy Vehicle) penetration and BYD's competitive product offerings are likely to enhance its market share.
These factors collectively support Goldman Sachs' "Buy" rating and target prices of $141 for H-shares and RMB 144 for A-shares.
Goldman Sachs
Price Target
$141
2025-11-10
maintain
The analyst rating from Goldman Sachs for BYD COMPANY is based on several key factors:
1. Long-term Overseas Expansion: The management's confidence in achieving overseas sales of 1.5 million units by 2026 is seen as a significant driver for profit growth.
2. Market Growth Potential: Goldman Sachs expects overseas markets to be the primary growth driver for the company over the next decade, with projected overseas sales (excluding the US) reaching between 1.5 to 3.5 million units from 2026 to 2035.
3. Earnings Growth Forecast: The broker anticipates a compound annual growth rate (CAGR) for earnings of 30% from 2025 to 2028, indicating strong financial performance.
4. Increasing Profit Contribution from Overseas: The forecasted increase in overseas profit contribution from 21% in 2024 to 60% in 2028 suggests a significant shift in the company's revenue sources.
5. Product Competitiveness: The expected increase in NEV (New Energy Vehicle) penetration and BYD's competitive product offerings are likely to enhance its market share.
These factors collectively support Goldman Sachs' "Buy" rating and target prices of $141 for H-shares and RMB 144 for A-shares.
DBS
DBS Research
Buy
downgrade
$150 -> $140
2025-11-05
Reason
The analyst rating for BYD COMPANY (01211.HK) is maintained as a Buy by DBS Research, despite a trimmed target price from HKD150 to HKD140. The reasoning behind this rating includes the company's rapid expansion into overseas markets to counteract narrowing margins in the domestic market, with overseas sales growing significantly by 134% year-over-year. The expectation that the proportion of exports will increase substantially in the coming years further supports the positive outlook. Additionally, the analyst suggests that while short-term volatility in share price may occur, investors should consider buying on dips, as scale and cost efficiency are anticipated to improve following the initial investment phase of new product launches and international expansion.
DBS
Buy
Price Target
$150 -> $140
2025-11-05
downgrade
The analyst rating for BYD COMPANY (01211.HK) is maintained as a Buy by DBS Research, despite a trimmed target price from HKD150 to HKD140. The reasoning behind this rating includes the company's rapid expansion into overseas markets to counteract narrowing margins in the domestic market, with overseas sales growing significantly by 134% year-over-year. The expectation that the proportion of exports will increase substantially in the coming years further supports the positive outlook. Additionally, the analyst suggests that while short-term volatility in share price may occur, investors should consider buying on dips, as scale and cost efficiency are anticipated to improve following the initial investment phase of new product launches and international expansion.
Goldman Sachs
Goldman Sachs
Buy
maintain
$130 -> $141
2025-11-04
Reason
The analyst rating from Goldman Sachs is based on the expectation that overseas markets will become a significant growth engine for BYD COMPANY over the next decade. They have raised their sales forecast for the carmaker's overseas markets outside the US by 5-14%, anticipating sales of 1.5-3.5 million cars by 2026-2035. The report highlights that BYD's electric vehicle penetration in key overseas markets is currently lagging behind China by about four years, but it is expected to catch up by 2028, leading to a projected market size of 28 million cars by 2035. This positive outlook has led Goldman Sachs to raise its target price for BYD COMPANY by 8% to HKD141, maintaining a Buy rating.
Goldman Sachs
Buy
Price Target
$130 -> $141
2025-11-04
maintain
The analyst rating from Goldman Sachs is based on the expectation that overseas markets will become a significant growth engine for BYD COMPANY over the next decade. They have raised their sales forecast for the carmaker's overseas markets outside the US by 5-14%, anticipating sales of 1.5-3.5 million cars by 2026-2035. The report highlights that BYD's electric vehicle penetration in key overseas markets is currently lagging behind China by about four years, but it is expected to catch up by 2028, leading to a projected market size of 28 million cars by 2035. This positive outlook has led Goldman Sachs to raise its target price for BYD COMPANY by 8% to HKD141, maintaining a Buy rating.
CMS
CMS
Overweight
downgrade
$145 -> $130
2025-11-03
Reason
The analyst rating for BYD COMPANY remains "Overweight" despite a cut in net profit forecasts and a decrease in target price. The reasoning behind this rating is attributed to the company's rebound in gross profit margin (GPM) and an increase in gross profit per unit due to a slowdown in the price war. However, the analysts acknowledge that the anti-involution campaign will limit BYD's expansion in the domestic market, shifting growth potential to overseas markets, with a recovery in growth momentum expected only after 2026.
CMS
Overweight
Price Target
$145 -> $130
2025-11-03
downgrade
The analyst rating for BYD COMPANY remains "Overweight" despite a cut in net profit forecasts and a decrease in target price. The reasoning behind this rating is attributed to the company's rebound in gross profit margin (GPM) and an increase in gross profit per unit due to a slowdown in the price war. However, the analysts acknowledge that the anti-involution campaign will limit BYD's expansion in the domestic market, shifting growth potential to overseas markets, with a recovery in growth momentum expected only after 2026.
Morgan Stanley
Morgan Stanley
Overweight
downgrade
$130 -> $126
2025-10-31
Reason
The analyst rating for BYD COMPANY was influenced by several factors outlined in the Morgan Stanley report. The key reasons for the lowered sales forecasts for 2025-27 include:
1. Decline in Domestic Demand: There is an anticipated decrease in domestic demand for BYD's vehicles, attributed to increased competition in the market.
2. Increased NEV Purchase Tax: The introduction of a new purchase tax for New Energy Vehicles (NEVs) in 2026 is expected to further dampen sales.
3. Adjusted Average Selling Price (ASP) Assumptions: The adjustments in sales forecasts led to a corresponding reduction in revenue forecasts by 4% for the same period.
4. Revised Gross Margin Forecasts: The gross margin forecasts were lowered due to ongoing competition and the expectation of lower margins from overseas production as it ramps up.
5. Trimming of Net Profit and EPS Forecasts: As a result of the above factors, the broker reduced BYD's net profit and earnings per share (EPS) forecasts for 2025-27 by 7%/8%/7%.
Overall, these adjustments reflect a more cautious outlook on BYD's performance in the coming years, leading to a reduction in the target price from HKD130 to HKD126, while maintaining an Overweight rating.
Morgan Stanley
Overweight
Price Target
$130 -> $126
2025-10-31
downgrade
The analyst rating for BYD COMPANY was influenced by several factors outlined in the Morgan Stanley report. The key reasons for the lowered sales forecasts for 2025-27 include:
1. Decline in Domestic Demand: There is an anticipated decrease in domestic demand for BYD's vehicles, attributed to increased competition in the market.
2. Increased NEV Purchase Tax: The introduction of a new purchase tax for New Energy Vehicles (NEVs) in 2026 is expected to further dampen sales.
3. Adjusted Average Selling Price (ASP) Assumptions: The adjustments in sales forecasts led to a corresponding reduction in revenue forecasts by 4% for the same period.
4. Revised Gross Margin Forecasts: The gross margin forecasts were lowered due to ongoing competition and the expectation of lower margins from overseas production as it ramps up.
5. Trimming of Net Profit and EPS Forecasts: As a result of the above factors, the broker reduced BYD's net profit and earnings per share (EPS) forecasts for 2025-27 by 7%/8%/7%.
Overall, these adjustments reflect a more cautious outlook on BYD's performance in the coming years, leading to a reduction in the target price from HKD130 to HKD126, while maintaining an Overweight rating.
Goldman Sachs
Goldman Sachs
maintain
$130
2025-10-31
Reason
The analyst rating from Goldman Sachs for BYD COMPANY is a "Buy" due to a combination of factors. Despite a 3% drop in revenue year-over-year and quarter-over-quarter, which was 11% lower than expectations, the company's gross profit margin (GPM) improved to 17.6%, surpassing both the broker's expectation of 17.4% and the previous quarter's 16.3%. This improvement in GPM is attributed to ongoing optimization of material costs. The target price set by Goldman Sachs is HKD130, indicating a positive outlook despite the recent revenue decline.
Goldman Sachs
Price Target
$130
2025-10-31
maintain
The analyst rating from Goldman Sachs for BYD COMPANY is a "Buy" due to a combination of factors. Despite a 3% drop in revenue year-over-year and quarter-over-quarter, which was 11% lower than expectations, the company's gross profit margin (GPM) improved to 17.6%, surpassing both the broker's expectation of 17.4% and the previous quarter's 16.3%. This improvement in GPM is attributed to ongoing optimization of material costs. The target price set by Goldman Sachs is HKD130, indicating a positive outlook despite the recent revenue decline.
UBS
UBS
Buy
maintain
$160
2025-10-31
Reason
The analyst rating from UBS is reaffirmed at "Buy" due to encouraging signs in BYD COMPANY's 3Q25 results, specifically highlighting a 23% rebound in net profit from the 2Q25 trough, despite a year-over-year decline in net profit. This recovery in net profit margin contributed to UBS's positive outlook, leading to a target price of $160.
UBS
Buy
Price Target
$160
2025-10-31
maintain
The analyst rating from UBS is reaffirmed at "Buy" due to encouraging signs in BYD COMPANY's 3Q25 results, specifically highlighting a 23% rebound in net profit from the 2Q25 trough, despite a year-over-year decline in net profit. This recovery in net profit margin contributed to UBS's positive outlook, leading to a target price of $160.
Nomura
Nomura
maintain
HKD132
2025-10-31
Reason
The analyst rating for BYD Company (01211.HK) is maintained as "Buy" by Nomura, despite the company's recent operational challenges. The reasons for this rating include:
1. Mediocre Performance: BYD reported a 3Q25 revenue decline of 3% year-over-year and quarter-over-quarter, with shipments also down by 2% and 3%, indicating overall weak performance.
2. Stable ASP: The average selling price (ASP) of cars remained stable, influenced by the "anti-involution" trend in the Chinese automotive market and the introduction of new models.
3. Operational Challenges: Nomura noted that BYD is facing operational challenges, particularly due to a lack of success in its intelligent driving strategy this year.
4. Future Potential: The broker believes that a turnaround may be possible once BYD announces its new development strategy in 1Q26, suggesting that there is potential for improvement in the future.
Overall, while there are current challenges, the expectation of a future strategy and potential recovery supports the "Buy" rating with a target price of HKD132.
Nomura
Price Target
HKD132
2025-10-31
maintain
The analyst rating for BYD Company (01211.HK) is maintained as "Buy" by Nomura, despite the company's recent operational challenges. The reasons for this rating include:
1. Mediocre Performance: BYD reported a 3Q25 revenue decline of 3% year-over-year and quarter-over-quarter, with shipments also down by 2% and 3%, indicating overall weak performance.
2. Stable ASP: The average selling price (ASP) of cars remained stable, influenced by the "anti-involution" trend in the Chinese automotive market and the introduction of new models.
3. Operational Challenges: Nomura noted that BYD is facing operational challenges, particularly due to a lack of success in its intelligent driving strategy this year.
4. Future Potential: The broker believes that a turnaround may be possible once BYD announces its new development strategy in 1Q26, suggesting that there is potential for improvement in the future.
Overall, while there are current challenges, the expectation of a future strategy and potential recovery supports the "Buy" rating with a target price of HKD132.
BofA Securities
BofA Securities
Buy
downgrade
$141 -> $137
2025-10-31
Reason
The analyst rating for BYD COMPANY (01211.HK) is maintained at "Buy" despite a reduction in revenue and earnings forecasts. The reasoning behind this rating is based on the expectation that the company will implement a series of measures to stimulate demand, which could positively impact its performance in the future. Additionally, while there was a decline in revenue and net profit, the improvement in gross profit margin on a quarter-over-quarter basis suggests potential for recovery.
BofA Securities
Buy
Price Target
$141 -> $137
2025-10-31
downgrade
The analyst rating for BYD COMPANY (01211.HK) is maintained at "Buy" despite a reduction in revenue and earnings forecasts. The reasoning behind this rating is based on the expectation that the company will implement a series of measures to stimulate demand, which could positively impact its performance in the future. Additionally, while there was a decline in revenue and net profit, the improvement in gross profit margin on a quarter-over-quarter basis suggests potential for recovery.
Valuation Metrics
Forward PE
N/A
5Y Average PE
40.70
Current PE
17.71
Overvalued PE
81.62
Undervalued PE
-0.23
Forward EV/EBITDA
5Y Average EV/EBITDA
13.41
Current EV/EBITDA
6.40
Overvalued EV/EBITDA
21.93
Undervalued EV/EBITDA
4.88
Forward PS
5Y Average PS
1.40
Current PS
1.01
Overvalued PS
2.13
Undervalued PS
0.68
Financials
AI Analysis
Annual
Quarterly
Trading Trends
Daily
Monthly
No data
Short Selling
People Also Watch