Added to YB: 2026-07-16
Pitch date: 2026-07-14
BYDDY [bullish]
BYD Company Limited
+2.78%
current return
Author Info
No bio for this author
Company Info
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.
Market Cap
HKD 737.3B
Pitch Price
HKD 84.60
Price Target
17.00 (-80%)
Dividend
0.49%
EV/EBITDA
6.70
P/E
24.27
EV/Sales
0.98
Sector
Automobiles
Category
turnaround
BYD: The Vertical Integration Machines
BYDDY: Long. FY25 rev $112B (+39% 5yr CAGR), 4.6M NEVs, 27% China share. Margins compressed (op 4.2% vs 6.4%), ROIC fell to 9.3% vs 10.5% WACC as overseas capex bloated capital base; view as cyclical trough. Normalized 3yr ROIC 24.3%. Vertical integration moat (70% in-house). Prob-wtd IV $9.97 vs $10.58, P/V 1.06x. Bear $3.91/Bull $17. Risks: US/EU tariffs, China price war. 7-9% position.
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