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BYD Electronic (International)

SEHK:285
Snowflake Description

Flawless balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
285
SEHK
HK$35B
Market Cap
  1. Home
  2. HK
  3. Tech
Company description

BYD Electronic (International) Company Limited, an investment holding company, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific, the United States, and internationally. The last earnings update was 110 days ago. More info.


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  • BYD Electronic (International) has significant price volatility in the past 3 months.
285 Share Price and Events
7 Day Returns
9.9%
SEHK:285
5.5%
HK Communications
0.9%
HK Market
1 Year Returns
48%
SEHK:285
-1.9%
HK Communications
-1.5%
HK Market
285 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BYD Electronic (International) (285) 9.9% 3.6% 35.5% 48% 145.4% 93%
HK Communications 5.5% 1.3% 7% -1.9% 0.1% -10.7%
HK Market 0.9% -3.7% -0.1% -1.5% 5.4% -2.2%
1 Year Return vs Industry and Market
  • 285 outperformed the Communications industry which returned -1.9% over the past year.
  • 285 outperformed the Market in Hong Kong which returned -1.5% over the past year.
Price Volatility
285
Industry
5yr Volatility vs Market
Related Companies

285 Value

 Is BYD Electronic (International) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BYD Electronic (International) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BYD Electronic (International).

SEHK:285 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year HK Government Bond Rate 1.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SEHK:285
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year HK Govt Bond Rate 1.6%
Equity Risk Premium S&P Global 6.3%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 25%) (1.81%))
1.101
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.55% + (1.101 * 6.33%)
8.52%

Discounted Cash Flow Calculation for SEHK:285 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for BYD Electronic (International) is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

SEHK:285 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.52%)
2020 2,081.75 Analyst x4 1,918.31
2021 2,458.00 Analyst x2 2,087.20
2022 2,731.97 Est @ 11.15% 2,137.71
2023 2,957.83 Est @ 8.27% 2,132.73
2024 3,142.76 Est @ 6.25% 2,088.16
2025 3,294.92 Est @ 4.84% 2,017.38
2026 3,421.91 Est @ 3.85% 1,930.64
2027 3,530.13 Est @ 3.16% 1,835.34
2028 3,624.71 Est @ 2.68% 1,736.55
2029 3,709.53 Est @ 2.34% 1,637.67
Present value of next 10 years cash flows CN¥19,521.00
SEHK:285 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥3,709.53 × (1 + 1.55%) ÷ (8.52% – 1.55%)
CN¥54,047.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥54,047.09 ÷ (1 + 8.52%)10
CN¥23,860.42
SEHK:285 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥19,521.00 + CN¥23,860.42
CN¥43,381.42
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥43,381.42 / 2,253.20
CN¥19.25
SEHK:285 Discount to Share Price
Calculation Result
Exchange Rate CNY/HKD
(Reporting currency to currency of SEHK:285)
1.113
Value per Share
(HKD)
= Value per Share in CNY x Exchange Rate (CNY/HKD)
= CN¥19.25 x 1.113
HK$21.43
Value per share (HKD) From above. HK$21.43
Current discount Discount to share price of HK$15.36
= -1 x (HK$15.36 - HK$21.43) / HK$21.43
28.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price BYD Electronic (International) is available for.
Intrinsic value
28%
Share price is HK$15.36 vs Future cash flow value of HK$21.43
Current Discount Checks
For BYD Electronic (International) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • BYD Electronic (International)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • BYD Electronic (International)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BYD Electronic (International)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BYD Electronic (International)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
SEHK:285 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in CNY CN¥0.72
SEHK:285 Share Price ** SEHK (2019-12-09) in HKD HK$15.36
SEHK:285 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.899 CN¥13.8
Hong Kong Communications Industry PE Ratio Median Figure of 13 Publicly-Listed Communications Companies 13.32x
Hong Kong Market PE Ratio Median Figure of 1,470 Publicly-Listed Companies 10.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BYD Electronic (International).

SEHK:285 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:285 Share Price ÷ EPS (both in CNY)

= 13.8 ÷ 0.72

19.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is overvalued based on earnings compared to the HK Communications industry average.
  • BYD Electronic (International) is overvalued based on earnings compared to the Hong Kong market.
Price based on expected Growth
Does BYD Electronic (International)'s expected growth come at a high price?
Raw Data
SEHK:285 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
25.9%per year
Asia Communications Industry PEG Ratio Median Figure of 60 Publicly-Listed Communications Companies 1.24x
Hong Kong Market PEG Ratio Median Figure of 479 Publicly-Listed Companies 0.75x

*Line of best fit is calculated by linear regression .

SEHK:285 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.09x ÷ 25.9%

0.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is good value based on expected growth next year.
Price based on value of assets
What value do investors place on BYD Electronic (International)'s assets?
Raw Data
SEHK:285 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in CNY CN¥7.08
SEHK:285 Share Price * SEHK (2019-12-09) in HKD HK$15.36
SEHK:285 Share Price converted to CNY reporting currency Exchange rate (HKD/ CNY) 0.899 CN¥13.8
Hong Kong Communications Industry PB Ratio Median Figure of 27 Publicly-Listed Communications Companies 1.05x
Hong Kong Market PB Ratio Median Figure of 2,203 Publicly-Listed Companies 0.82x
SEHK:285 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:285 Share Price ÷ Book Value per Share (both in CNY)

= 13.8 ÷ 7.08

1.95x

* Primary Listing of BYD Electronic (International).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BYD Electronic (International) is overvalued based on assets compared to the HK Communications industry average.
X
Value checks
We assess BYD Electronic (International)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. BYD Electronic (International) has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

285 Future Performance

 How is BYD Electronic (International) expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BYD Electronic (International) expected to grow at an attractive rate?
  • BYD Electronic (International)'s earnings growth is expected to exceed the low risk savings rate of 1.6%.
Growth vs Market Checks
  • BYD Electronic (International)'s earnings growth is expected to exceed the Hong Kong market average.
  • BYD Electronic (International)'s revenue growth is expected to exceed the Hong Kong market average.
Annual Growth Rates Comparison
Raw Data
SEHK:285 Future Growth Rates Data Sources
Data Point Source Value (per year)
SEHK:285 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 25.9%
SEHK:285 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 13.6%
Hong Kong Communications Industry Earnings Growth Rate Market Cap Weighted Average 17.1%
Hong Kong Communications Industry Revenue Growth Rate Market Cap Weighted Average 10.2%
Hong Kong Market Earnings Growth Rate Market Cap Weighted Average 11.9%
Hong Kong Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
SEHK:285 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SEHK:285 Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 69,046 3,799 2,615 10
2020-12-31 61,598 3,814 2,269 14
2019-12-31 54,347 3,225 1,537 7
2019-12-09
SEHK:285 Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-06-30 44,816 2,185 1,629
2019-03-31 42,932 3,483 1,909
2018-12-31 41,047 4,781 2,189
2018-09-30 40,903 3,870 2,293
2018-06-30 40,760 2,959 2,397
2018-03-31 39,767 2,411 2,491
2017-12-31 38,774 1,863 2,585
2017-09-30 38,775 2,025 2,268
2017-06-30 38,776 2,187 1,952
2017-03-31 37,755 2,571 1,593
2016-12-31 36,734 2,954 1,233
2016-09-30 35,972 2,708 1,145

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BYD Electronic (International)'s earnings are expected to grow significantly at over 20% yearly.
  • BYD Electronic (International)'s revenue is expected to grow by 13.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
SEHK:285 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from BYD Electronic (International) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:285 Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.17 1.62 0.72 12.00
2020-12-31 1.02 1.47 0.73 15.00
2019-12-31 0.68 0.73 0.59 12.00
2019-12-09
SEHK:285 Past Financials Data
Date (Data in CNY Millions) EPS *
2019-06-30 0.72
2019-03-31 0.85
2018-12-31 0.97
2018-09-30 1.02
2018-06-30 1.06
2018-03-31 1.11
2017-12-31 1.15
2017-09-30 1.01
2017-06-30 0.87
2017-03-31 0.71
2016-12-31 0.55
2016-09-30 0.51

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BYD Electronic (International) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BYD Electronic (International)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Hong Kong market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Hong Kong market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BYD Electronic (International) has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

285 Past Performance

  How has BYD Electronic (International) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BYD Electronic (International)'s growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BYD Electronic (International) has delivered over 20% year on year earnings growth in the past 5 years.
  • BYD Electronic (International)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BYD Electronic (International)'s 1-year earnings growth is negative, it can't be compared to the HK Communications industry average.
Earnings and Revenue History
BYD Electronic (International)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BYD Electronic (International) Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SEHK:285 Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 44,816.18 1,629.17 845.32 1,818.39
2019-03-31 42,931.66 1,908.89 805.19 1,703.52
2018-12-31 41,047.14 2,188.62 765.06 1,588.65
2018-09-30 40,903.42 2,292.99 717.58 1,479.00
2018-06-30 40,759.71 2,397.36 688.97 1,369.34
2018-03-31 39,767.06 2,491.12 676.04 1,284.98
2017-12-31 38,774.42 2,584.87 663.12 1,200.63
2017-09-30 38,775.07 2,268.36 707.46 1,126.29
2017-06-30 38,775.72 1,951.84 751.79 1,051.94
2017-03-31 37,754.99 1,592.67 749.35 1,015.36
2016-12-31 36,734.26 1,233.49 746.91 978.77
2016-09-30 35,972.34 1,144.74 685.28 888.31
2016-06-30 35,210.41 1,055.99 623.65 797.85
2016-03-31 32,248.12 982.07 614.65 760.06
2015-12-31 29,285.83 908.15 605.65 722.27
2015-09-30 24,786.78 837.82 607.05 732.04
2015-06-30 20,287.73 767.49 608.44 741.81
2015-03-31 20,059.93 834.59 578.73 725.45
2014-12-31 19,832.13 901.70 549.02 709.09
2014-09-30 18,699.09 911.78 516.13 630.78
2014-06-30 17,566.05 921.87 483.24 552.47
2014-03-31 16,814.11 785.14 479.57 556.12
2013-12-31 16,062.18 648.41 475.90 559.77
2013-09-30 15,366.27 541.38 474.07 547.79
2013-06-30 14,670.36 434.36 472.25 535.80
2013-03-31 14,380.64 406.65 448.80 532.71
2012-12-31 14,090.91 378.95 425.35 529.63

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BYD Electronic (International) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BYD Electronic (International) used its assets more efficiently than the HK Communications industry average last year based on Return on Assets.
  • BYD Electronic (International) has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BYD Electronic (International)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BYD Electronic (International) has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

285 Health

 How is BYD Electronic (International)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BYD Electronic (International)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BYD Electronic (International) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BYD Electronic (International)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of BYD Electronic (International)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • BYD Electronic (International) has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BYD Electronic (International) Company Filings, last reported 5 months ago.

SEHK:285 Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 15,963.35 0.00 2,497.96
2019-03-31 15,963.35 0.00 2,497.96
2018-12-31 15,825.33 0.00 5,057.81
2018-09-30 15,825.33 0.00 5,057.81
2018-06-30 14,773.31 0.00 3,041.00
2018-03-31 14,773.31 0.00 3,041.00
2017-12-31 14,191.31 0.00 3,291.67
2017-09-30 14,191.31 0.00 3,291.67
2017-06-30 12,928.70 0.00 2,646.71
2017-03-31 12,928.70 0.00 2,646.71
2016-12-31 11,754.22 0.00 3,339.79
2016-09-30 11,754.22 0.00 3,339.79
2016-06-30 11,191.60 0.00 2,519.66
2016-03-31 11,191.60 0.00 2,519.66
2015-12-31 10,547.78 0.00 2,286.91
2015-09-30 10,547.78 0.00 2,286.91
2015-06-30 10,117.92 0.00 2,066.75
2015-03-31 10,117.92 0.00 2,066.75
2014-12-31 9,665.21 0.00 2,138.43
2014-09-30 9,665.21 0.00 2,138.43
2014-06-30 9,403.87 0.00 2,030.09
2014-03-31 9,403.87 0.00 2,030.09
2013-12-31 8,834.14 0.00 2,780.90
2013-09-30 8,834.14 0.00 2,780.90
2013-06-30 8,518.80 0.00 1,961.12
2013-03-31 8,518.80 0.00 1,961.12
2012-12-31 8,254.42 0.00 2,298.10
  • BYD Electronic (International) has no debt.
  • BYD Electronic (International) has not taken on any debt in the past 5 years.
  • BYD Electronic (International) has no debt, it does not need to be covered by operating cash flow.
  • BYD Electronic (International) has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess BYD Electronic (International)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BYD Electronic (International) has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

285 Dividends

 What is BYD Electronic (International)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.41%
Current annual income from BYD Electronic (International) dividends. Estimated to be 1.54% next year.
If you bought HK$2,000 of BYD Electronic (International) shares you are expected to receive HK$28 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BYD Electronic (International)'s pays a lower dividend yield than the bottom 25% of dividend payers in Hong Kong (2.24%).
  • BYD Electronic (International)'s dividend is below the markets top 25% of dividend payers in Hong Kong (6.31%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
SEHK:285 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Hong Kong Communications Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 3%
Hong Kong Market Average Dividend Yield Market Cap Weighted Average of 963 Stocks 3.7%
Hong Kong Minimum Threshold Dividend Yield 10th Percentile 1.3%
Hong Kong Bottom 25% Dividend Yield 25th Percentile 2.2%
Hong Kong Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SEHK:285 Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.26 6.00
2020-12-31 0.22 8.00
2019-12-31 0.14 5.00
2019-12-09
SEHK:285 Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2019-03-27 0.195 1.879
2018-06-20 0.230 2.690
2017-08-28 0.000 0.000
2017-03-28 0.138 1.030
2016-08-29 0.134 2.250
2015-08-26 0.000 0.000
2015-04-20 0.000 0.000
2015-03-30 0.000 0.000
2014-08-06 0.029 0.440
2013-08-26 0.000 0.000
2013-04-22 0.000 0.000
2013-03-25 0.000 0.000
2012-04-23 0.054 3.443
2012-03-26 0.054 2.797
2011-09-26 0.000 0.000
2011-08-22 0.000 0.000
2011-03-14 0.000 0.000
2010-04-19 0.067 1.737
2010-03-15 0.067 1.197
2009-09-28 0.000 0.000
2009-08-31 0.000 0.000
2009-04-20 0.000 0.000
2009-03-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of BYD Electronic (International)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.1x coverage).
X
Income/ dividend checks
We assess BYD Electronic (International)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BYD Electronic (International) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BYD Electronic (International) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

285 Management

 What is the CEO of BYD Electronic (International)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nian-Qiang Wang
COMPENSATION CN¥9,614,000
AGE 55
TENURE AS CEO 4.7 years
CEO Bio

Mr. Nian-Qiang Wang has been the Chief Executive Officer and Executive Director of BYD Electronic International Company Limited since April 27, 2015. Mr. Wang served as Vice President and General Manager of Division 1 at BYD Company Ltd. until April 27, 2015. Mr. Wang was responsible for the production technology of the Group's NiCd and NiMH batteries. Mr. Wang is an Engineer. During 1987 to 1994, Mr. Wang worked at Tong Ling Non-Ferrous Metal Company as engineer. Since February 1995, he served the positions of Chief Engineer and Deputy General Manager of BYD Industries. He served as Director of BYD Charity Foundation. He graduated from Central South Industrial University of Technology in the PRC in 1987, major in industrial analysis and obtained a degree in engineering.

CEO Compensation
  • Nian-Qiang's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Nian-Qiang's remuneration is higher than average for companies of similar size in Hong Kong.
Management Team Tenure

Average tenure and age of the BYD Electronic (International) management team in years:

4.7
Average Tenure
47
Average Age
  • The tenure for the BYD Electronic (International) management team is about average.
Management Team

Nian-Qiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥10M
AGE
55
TENURE
4.7 yrs

Ya-Lin Zhou

TITLE
Chief Financial Officer
AGE
42
TENURE
3.9 yrs

Yi-Zao Sun

TITLE
Chief Operating Officer
COMPENSATION
CN¥12K
AGE
55

Xiang-Rong Jiang

TITLE
Executive Director
AGE
42

Hon-wan Cheung

TITLE
Joint Company Secretary
AGE
63

Qian Li

TITLE
Joint Company Secretary
AGE
46
TENURE
12.1 yrs

Ge-Ning Dong

TITLE
Executive Officer of Research & Development Manufacturing of Molds & Purchasing of Materials
AGE
47
Board of Directors Tenure

Average tenure and age of the BYD Electronic (International) board of directors in years:

4.7
Average Tenure
50
Average Age
  • The tenure for the BYD Electronic (International) board of directors is about average.
Board of Directors

Chuan-Fu Wang

TITLE
Non-Executive Chairman
AGE
53

Nian-Qiang Wang

TITLE
CEO & Executive Director
COMPENSATION
CN¥10M
AGE
55
TENURE
4.7 yrs

Xiang-Rong Jiang

TITLE
Executive Director
AGE
42
TENURE
0.5 yrs

John Chung

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥113K
AGE
50
TENURE
6.5 yrs

Jing-Jie Qian

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
37
TENURE
4.7 yrs

Antony Francis Mampilly

TITLE
Independent Non-Executive Director
COMPENSATION
CN¥200K
AGE
69
TENURE
12.1 yrs

Bo Wang

TITLE
Non-Executive Director
COMPENSATION
CN¥3M
AGE
47
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (HK$) Value (HK$)
X
Management checks
We assess BYD Electronic (International)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BYD Electronic (International) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

285 News

Simply Wall St News

Does BYD Electronic (International) Company Limited's (HKG:285) Stock Price Account For Its Growth?

BYD Electronic (International) Company Limited (HKG:285) closed yesterday at HK$10.12, which left some investors asking whether the high earnings potential can still be justified at this price. … BYD Electronic (International) is poised for significantly high earnings growth in the near future. … However, since BYD Electronic (International) is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

Should You Be Impressed By BYD Electronic (International) Company Limited's (HKG:285) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for BYD Electronic (International): 14% = CN¥2.2b ÷ CN¥16b (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does BYD Electronic (International) Have A Good Return On Equity? … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

How Good Is BYD Electronic (International) Company Limited (HKG:285) At Creating Shareholder Value?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for BYD Electronic (International): 0.11 = CN¥1.8b ÷ (CN¥26b - CN¥10b) (Based on the trailing twelve months to December 2018.) So, BYD Electronic (International) has an ROCE of 11%. … How BYD Electronic (International)'s Current Liabilities Impact Its ROCE Current liabilities include invoices, such as supplier payments, short-term debt, or a tax bill, that need to be paid within 12 months. … What We Can Learn From BYD Electronic (International)'s ROCE BYD Electronic (International)'s ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Why I Like BYD Electronic (International) Company Limited (HKG:285)

I've been keeping an eye on BYD Electronic (International) Company Limited (HKG:285) because I'm attracted to its fundamentals. … If you're interested in understanding beyond my broad commentary, take a look at the report on BYD Electronic (International) here. … SEHK:285 Intrinsic value, July 29th 2019 Next Steps: For BYD Electronic (International), there are three relevant factors you should further research: Future Outlook: What are well-informed industry analysts predicting for 285’s future growth?

Simply Wall St -

Will BYD Electronic (International) Company Limited's (HKG:285) Earnings Grow Over The Next Few Years?

The most recent earnings announcement BYD Electronic (International) Company Limited's (HKG:285) released in April 2019 suggested that the business experienced a significant headwind with earnings falling by -15%. … Below, I've laid out key growth figures on how market analysts perceive BYD Electronic (International)'s earnings growth trajectory over the next couple of years and whether the future looks brighter. … SEHK:285 Past and Future Earnings, July 21st 2019 Although it’s informative understanding the growth each year relative to today’s value, it may be more valuable estimating the rate at which the company is moving every year, on average.

Simply Wall St -

How Many BYD Electronic (International) Company Limited (HKG:285) Shares Do Institutions Own?

The big shareholder groups in BYD Electronic (International) Company Limited (HKG:285) have power over the company. … Insider Ownership Of BYD Electronic (International) While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. … Our data suggests that insiders own under 1% of BYD Electronic (International) Company Limited in their own names.

Simply Wall St -

Is BYD Electronic (International) Company Limited (HKG:285) An Attractive Dividend Stock?

Today we'll take a closer look at BYD Electronic (International) Company Limited (HKG:285) from a dividend investor's perspective. … BYD Electronic (International) paid out 21% of its free cash flow as dividends last year, which is conservative and suggests the dividend is sustainable. … Strong earnings per share (EPS) growth might encourage our interest in the company despite fluctuating dividends, which is why it's great to see BYD Electronic (International) has grown its earnings per share at 28% per annum over the past five years.

Simply Wall St -

Is BYD Electronic (International) Company Limited's (HKG:285) CEO Being Overpaid?

Our data indicates that BYD Electronic (International) Company Limited is worth HK$24b, and total annual CEO compensation is CN¥9.6m. … Thus we can conclude that Nian-Qiang Wang receives more in total compensation than the median of a group of companies in the same market, and of similar size to BYD Electronic (International) Company Limited. … We compared total CEO remuneration at BYD Electronic (International) Company Limited with the amount paid at companies with a similar market capitalization.

Simply Wall St -

Buy BYD Electronic (International) Company Limited (HKG:285) When Everyone Panics

Today I want to bring to light the market's darling - BYD Electronic (International) Company Limited. … View our latest analysis for BYD Electronic (International) BYD Electronic (International) Company Limited, an investment holding company, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific, the United States, and internationally. … Characteristics I value in a long term investment are proven in BYD Electronic (International), and I can continue to sleep easy at night with the stock as part of my portfolio.

Simply Wall St -

Can You Imagine How Chuffed BYD Electronic (International)'s (HKG:285) Shareholders Feel About Its 146% Share Price Gain?

BYD Electronic (International) was able to grow its EPS at 34% per year over three years, sending the share price higher. … SEHK:285 Past and Future Earnings, June 10th 2019 We know that BYD Electronic (International) has improved its bottom line over the last three years, but what does the future have in store? … As it happens, BYD Electronic (International)'s TSR for the last 3 years was 156%, which exceeds the share price return mentioned earlier.

Simply Wall St -

285 Company Info

Description

BYD Electronic (International) Company Limited, an investment holding company, manufactures, assembles, and sells mobile handset components and modules in the People’s Republic of China, the Asia Pacific, the United States, and internationally. The company also provides high level assembly services; and manufactures and sells batteries, chargers, and iron phosphate batteries used in electric buses, trucks, cars, and forklifts, as well as its components and spare parts. In addition, it builds and maintains monorail projects. The company was founded in 2002 and is headquartered in Shenzhen, the People’s Republic of China. BYD Electronic (International) Company Limited is a subsidiary of Golden Link Worldwide Limited.

Details
Name: BYD Electronic (International) Company Limited
285
Exchange: SEHK
Founded: 2002
HK$35,240,118,380
2,253,204,500
Website: http://www.byd-electronics.com
Address: BYD Electronic (International) Company Limited
No. 3001, Bao He Road,
Baolong,
Shenzhen,
Guangdong Province, 518116,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 285 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 20. Dec 2007
OTCPK BYDI.F Ordinary Shares Pink Sheets LLC US USD 20. Dec 2007
DB 4BY Ordinary Shares Deutsche Boerse AG DE EUR 20. Dec 2007
SHSC 285 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 20. Dec 2007
SZSC 285 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 20. Dec 2007
Number of employees
Current staff
Staff numbers
87,000
BYD Electronic (International) employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/09 12:42
End of day share price update: 2019/12/09 00:00
Last estimates confirmation: 2019/12/04
Last earnings filing: 2019/08/21
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.