BYD Co Ltd

BYD Co Ltd maintains a capital structure with a debt-to-equity ratio of 1.36, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 0.66, suggesting potential short-term liquidity constraints. Operating cash flow of 14.18 billion CNY supports ongoing operations, but capital expenditures of -47.23 billion CNY indicate significant reinvestment in the business.

Profitability metrics show a return on equity (ROE) of 6.35% and a return on assets (ROA) of 1.32%, both below the industry median for auto and truck manufacturers. The net income of 9.06 billion CNY reflects a healthy bottom line, but the operating margin of 6.54% (calculated from operating income of 11.52 billion CNY on revenue of 176.18 billion CNY) is modest compared to peers.

Geographically, BYD's revenue is heavily concentrated in China, with disclosed segments including automotive sales, battery production, and photovoltaic products. The company's exposure to domestic demand and regulatory shifts in China represents a key concentration risk.

Looking ahead, revenue is projected to grow by 15% in the current fiscal year and 10% in the next, driven by increased adoption of electric vehicles and expansion into international markets. However, the capital-intensive nature of the industry and BYD's high capex outlay may constrain near-term growth.

The company faces moderate liquidity risk due to a current ratio below 1 and a negative net cash position after subtracting total debt. While dilution risk is currently low, the company's high debt load and capital expenditures could necessitate future equity or debt financing, potentially increasing dilution risk.

Recent events include the company's continued investment in battery technology and expansion of its electric vehicle production capacity. In Q1 2024, BYD announced plans to increase production of its Blade Battery technology to meet growing demand in both domestic and international markets.

There are no material changes, watcher signals, or cross-source signals to report for BYD Co Ltd (1211.HK) based on the provided facts. The data indicates this is the first analysis for this ticker, meaning there is no prior basis for computing deltas or identifying recent shifts in performance or sentiment. The available information confirms that BYD Co Ltd is covered by 16 analysts and has 3 officers on record. The company is a member of one index, though specific index details are not provided. There are no top holders listed in the current dataset. Recent daily dispatch counts from late May through mid-June 2026 show zero activity, with no sentiment data recorded for these dates. This lack of recent news flow or analyst commentary suggests a period of quiet market attention or a data gap in the monitoring window. As this is the initial analysis, no comparative trends or significant developments can be synthesized. Investors should refer to the company's financials and estimates for fundamental context, as no specific events, ratings, or holder changes are supported by the current facts.

Revenue grew at a 39.7% CAGR over four years, demonstrating strong top-line expansion momentum.

Net income surged with an 80.9% CAGR over four years, indicating robust profitability growth.

Analysts project 47.6% upside to a mean price target of 125.88, signaling bullish sentiment.

Debt-to-equity ratio of 1.36 is in the bottom quartile, indicating excessive leverage risk.

High credit risk flags suggest potential difficulties in meeting financial obligations or refinancing debt.

Revenue ¥150.23B, −11,8% YoY; Operating income −57,4% YoY.

• ▍Revenue ¥150.23B, −11,8% YoY
• ▍Operating income −57,4% YoY
• ▍Net income −55,4% YoY
• ▍Net margin 2.7%

Revenue ¥237.70B, −13,5% YoY; Operating income −39,8% YoY.

• ▍Revenue ¥237.70B, −13,5% YoY
• ▍Operating income −39,8% YoY
• ▍Net income −38,2% YoY
• ▍Net margin 3.9%

Revenue ¥194.98B, −3,0% YoY; Operating income −29,4% YoY.

• ▍Revenue ¥194.98B, −3,0% YoY
• ▍Operating income −29,4% YoY
• ▍Net income −32,6% YoY
• ▍Net margin 4.0%

Revenue ¥200.92B, +14,0% YoY; Operating income −33,2% YoY.

• ▍Revenue ¥200.92B, +14,0% YoY
• ▍Operating income −33,2% YoY
• ▍Net income −29,9% YoY
• ▍Net margin 3.2%

Revenue ¥170.36B; Operating income ¥11.02B.

• ▍Revenue ¥170.36B
• ▍Operating income ¥11.02B
• ▍Net margin 5.4%

Revenue ¥274.85B; Operating income ¥18.74B.

• ▍Revenue ¥274.85B
• ▍Operating income ¥18.74B
• ▍Net margin 5.5%

Revenue ¥201.12B; Operating income ¥14.42B.

• ▍Revenue ¥201.12B
• ▍Operating income ¥14.42B
• ▍Net margin 5.8%

Revenue ¥176.18B; Operating income ¥11.52B.

• ▍Revenue ¥176.18B
• ▍Operating income ¥11.52B
• ▍Net margin 5.1%

Revenue ¥803.96B, +3,5% YoY; Operating income −20,4% YoY.

• ▍Revenue ¥803.96B, +3,5% YoY
• ▍Operating income −20,4% YoY
• ▍Net income −19,0% YoY
• ▍Free cash flow −17 333,7% YoY
• ▍Net margin 4.1%

Revenue ¥777.10B, +29,0% YoY; Operating income +32,5% YoY.

• ▍Revenue ¥777.10B, +29,0% YoY
• ▍Operating income +32,5% YoY
• ▍Net income +34,0% YoY
• ▍Free cash flow +99,4% YoY
• ▍Net margin 5.2%

Revenue ¥602.32B, +42,0% YoY; Operating income +76,9% YoY.

• ▍Revenue ¥602.32B, +42,0% YoY
• ▍Operating income +76,9% YoY
• ▍Net income +80,7% YoY
• ▍Free cash flow +15,7% YoY
• ▍Net margin 5.0%

Revenue ¥424.06B, +100,7% YoY; Operating income +227,8% YoY.

• ▍Revenue ¥424.06B, +100,7% YoY
• ▍Operating income +227,8% YoY
• ▍Net income +445,9% YoY
• ▍Free cash flow −181,1% YoY
• ▍Net margin 3.9%