Visit Performance Disclosure for information about the performance numbers displayed above. BYDDF is traded on Hong Kong Stock Exchange" Where did that quote come from? Most importantly, though, was the outline of Chinas ambitious Five-Year Plan released last week, in which domestic production of NEVs and technology is central to Chinas economic plans over the next five and 15 years. The Value Scorecard identifies the stocks most likely to outperform based on its valuation metrics. Buying NIO and XPEV is straightforward. 3. BYD is thus, with relatively comparable offerings, taking market share versus Tesla. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. The Five-Year Plan stresses the role of commercial NEVs in meeting the 20% of new total sales. A company like BYD comes once in a blue moon, and its stock is already up 398% YTD. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Similar to BYDs battery production capacity, its vehicle factories have enough unused capacity to meet future demand. First, BYDDF and BYDDY are versions of BYD stock. A 'good' number would usually fall within the range of 1.5 to 3. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. I stressed the importance of BYDs Blade Battery in my Seeking Alpha article last month, but I should stress it even further. A higher number means the more debt a company has compared to its capital structure. It operates through the following segments: Rechargeable Batteries and. Where might I find a copy of the 1983 RPG "Other Suns"? You can buy any of the stock versions because they represent the same company. That is a 33% cost reduction from battery and IGBT costs alone for BYD compared to the best-selling EV model in the world. NIO stock also rose over 1,100 percent in 2020 which was ahead of Teslas 740 percent rise in the year. "BYDDY is a sponsored ADR. BYD expects battery production capacity will reach 65 GWh by the end of this year, 75 GWh in 2021, and 100 GWh in 2022. BYD is a Chinese electric batteries maker. Cash is vital to a company in order to finance operations, invest in the business, pay expenses, etc. That also holds true when we look at how its EV business alone could be valued if it were beloved by the market. This has been, still is, and certainly will continue to be what differentiates BYD the most. Years ago, BYD saw the future, and built it; now, everyone else is playing catch-up. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Cookie Notice ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The firm generates almost half its revenues from the sale of components for mobile phones. Its also worth pointing out that BYDs cars have been doing well in its home country. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. To learn more, click here. In addition, Byd Co., Ltd. has a VGM Score of D (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). I am not receiving compensation for it (other than from Seeking Alpha). Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. During the three months, its revenues increased by 108.31% Y/Y to 41 billion yuan ($6.32 billion), while its net profit increased by 110.7% Y/Y to 237.4 million yuan ($36.5 million). Can a stock exchange company actually go bust? Our testing substantiates this with the optimum range for price performance between 0-20. BYDDF Stock: 10 Things to Know About BYD as Investors Hunt for the Next stocks. Summary. It outsold NIO, XPeng, as well as Li Auto in March as well as the first quarter of 2021. By clicking Accept all cookies, you agree Stack Exchange can store cookies on your device and disclose information in accordance with our Cookie Policy. It's calculated as earnings divided by price. But note, different industries have different margin rates that are considered good. A company like BYD comes once in a blue moon. BYD Auto was founded in 2003 following the acquisition of Qinchuan Automobile Company by BYD in 2002. While the hover-quote on Zacks.com, as well as the various tables, displays the delayed intraday quote and price change, this display shows the daily change as of the most recently completed trading day. Note; companies will typically sell for more than their book value in much the same way that a company will sell at a multiple of its earnings. Notably, Buffett is invested in the company since 2008 despite the fact that EV stocks dont exactly fit into his definition of value stocks. Find out the difference between two stocks of the same company (how to identify ADRs, etc) 0. You can get up to speed on that news by checking out the links below! A D/E ratio of 1 means its debt is equivalent to its common equity. BYD has the cheapest EV battery in the industry, and it plans to sell its newest batteryBlade Batteryto other automakers. Hi guys,in this video I want to clarify the question what the difference between the two BYD tickers BYDDF and BYDDY is. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). NIO is a play on the high-end electric car market while XPeng offers affordable electric cars. A P/B of 1 means it's selling at its per share book value. Like most ratios, this number will vary from industry to industry. BYD soared more than 5%, another record high The stock has risen by more than 60% since September, & its total market value has exceeded 370 billion. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. First and foremost, BYD makes the two most expensive components of an electric vehicle itselfthe battery and IGBTand again, BYD is the only automaker to produce either component. Is BYD bigger than Tesla? - True goodie BYD is a Chinese automaker. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. BYDDF stock is down 2.2% as of Thursday morning. BYD reminds me way more of a chinese Tesla than NIO because BYD also has other fields they do things in . The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Why do share prices obtained from models often differ than the actual stock price? BYDDF is a good way to play the EV market. BYD (OTCPK:BYDDF) (OTCPK:BYDDY) is one of the most popular Chinese EV manufacturers that doesn't have as much exposure as its peers since its stock is not trading directly on major American exchanges. The company has a lot of potential in both personal and commercial EVs and offers exposure to the high-growth battery industry on top of that. stocks - How does BYDDF differ from BYDDY? - Personal Finance & Money ), providing every U.S. city with a population of at least 100,000 with zero-emissions public transportation, rebuilding infrastructure to be more energy efficient and able to withstand the effects of climate change, banning new oil and gas permitting on public lands and water, and establishing programs to develop renewables on those lands and waters (aiming to double offshore wind by 2030). Due to growth tailwinds for the battery industry as a whole, stemming from growing kWH per EV (to increase range) and from a rising number of overall EV sales, battery manufacturing is a business that should see strong growth for many years. Manufacturing its own battery cells has always afforded BYD an advantage in its margins, but Blade Battery and BYD Semiconductors IGBT contributed that much more. It's not them. ", "ARKQ (ETF) is holding BYD/BYDDF. Sure, Tesla is due credit for glamorizing the electric car, and OEMs and startups are actually making some compelling electric cars, even if not yet production-ready, but no other company has the ability to produce beyond passenger electric vehicles, and certainly not the batteries to do so. Above 1 means it assets are greater than its liabilities. Byddf stocks are those that are held by the government, while byddy stocks are those that are held by the private sector. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. Horizontal and vertical centering in xltabular. This shows the percentage of profit a company earns on its sales. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. This includes personalizing content and advertising. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish. That's all I can contribute Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Is this happening to you frequently? What Is The Difference Between Byddf And Byddy Stocks BYD North America supplies buses to over 50 customers in the U.S. alone, with over 400 buses on U.S. streets (more than any other electric bus). Now Berkshire's stake is worth well over $5 billion and BYD is in the top 10 largest holdings of the fund to date. While we dont have the breakup for China, according to Chinas Association of Automotive Manufacturers, the Elon Musk-led company sold 18,318 vehicles in February in China. BYD, of course, also sells its own passenger EVs that compete with the offerings of NIO, Tesla, etc. InvestorPlace is home to all the latest stock news traders will want to know about. its investment since opening a stake in the company back in 2008. Many other growth items are considered as well. I am not receiving compensation for it (other than from Seeking Alpha). A ratio of 2 means its assets are twice that of its liabilities. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. Both Li Auto and XPeng listed in 2020 only and delivered stellar returns. NIO (NIO) and Xiaopeng (Xpeng) Motors (XPEV) are two publicly traded companies whose electric cars are selling well in China, and both are expected to enter the European market soon. That means these items are added back into the net income to produce this earnings number. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry. The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. This is also commonly referred to as the Asset Utilization ratio. Chinas fast-expanding middle-class population is also an advantage for BYD, especially in the luxury car market. BYD already has a presence in the U.S., with its North American headquarters located in Los Angeles. Gross margins jumped from 13.9% to 22.3% in the third quarter (60% Q/Q). The (F1) EPS Estimate Weekly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last week. BYD is the only company that makes EVs of all classes. There's room for the stock to keep climbing. NIO vs BYD: Which EV Stock Is A Good Buy? | Seeking Alpha In contrast, the net income that goes into the earnings portion of the P/E ratio does not add these in, thus artificially reducing the income and skewing the P/E ratio. China wants to increase technological self-reliance and reduce emissions; BYD already sets a perfect example of how to do both, and will continue to be key in helping the country hit its bold clean energy targets. Some BYD employees joke that I know the company better than they. Now that the CCPs Central Committee has given more detail in Chinas Five-Year Plan, we estimate 6.2 million NEVs sold in 2025 in China, which would meet Chinas goals of 20% of new vehicle sales being NEVs. The primary goal of the Cash Flow Kingdom Income Portfolio is to produce an overall yield in the 7% - 10% range. Buffett's Berkshire Hathaway holds a stake of more than 8% in BYD, which makes the EV play one of Buffett's top 10 holdings. did not have (either directly or indirectly) any positions in the securities mentioned in this article. Learn more about Stack Overflow the company, and our products. But they all have their place in the Growth style. Beyond China, BYD has bus factories in Brazil, Canada, the U.S., and Europe. cross between the bipolar and MOSFET transistors, 13 million miles of zero-emission operations. Why is NO ONE talking about BYD here. Tesla delivered 184,800 EVs globally in Q1 2021. The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). The Zacks database contains over 10,000 stocks. BYD's recent Q3 earnings were strong; and a Biden America and China's latest Five-Year Plan will only benefit EVs. One of the reasons some investors prefer the P/S ratio over other metrics like the P/E ratio is because sales are harder to manipulate on an income statement than earnings. The company has proven that it knows how to capitalize on opportunities as they arise. E-buses, for example, are a viable alternative to ICE-powered buses, as low average speed and travel range means that range considerations are not a major issue for the electricity-powered versions. California ordered $1 billion worth of N95 masks from BYD. BYD is a company that is encroaching on the high-growth EV industry through a multi-faceted strategy that includes personal EVs, commercial EVs, and battery manufacturing. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. a decent size positon.". 5. A higher number is better than a lower number. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. The 13 million miles saved over 16,000 metric tons of GHG emissionsequivalent to removing 13,000 cars from the road. If you have an ad-blocker enabled you may be blocked from proceeding. BYD, NIO, and XPeng target different segments. Biden knows the U.S. has fallen behind China in the clean energy race; his campaign website even says, In 2017, China invested $3 in renewable energy for every $1 in America, giving China an edge on the technologies of tomorrowBy 2030, the Biden Administration will put the United States back in the drivers seat. The demand has been particularly strong for the companys Han luxury electric sedan. Its all the same company. The difference is that BYDDY is the ADR of BYD stock, while BYDDF is its H-shares. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. Zacks' proprietary data indicates that Byd Co., Ltd. is currently rated as a Zacks Rank 1 and we are expecting an above average return from the BYDDY shares relative to the market in the next few months. It's packed with all of the company's key stats and salient decision making information. Why does Rolls Royce have 4 separate tickers, on OTC Markets? Analysts Disclosure: I am/we are long BYDDF, NIO, XPEV, TSLA, BYDDY. For example, a cash/price ratio, or cash yield, of .08 suggests an 8% return or 8 cents for every $1 of investment. The Momentum Score takes all of this and more into account. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. We believe purchasing BYDs stock is a good way of exposing your portfolio to the EV industry. Many investors prefer EV to just Market Cap as a better way to determine the value of a company. 4 11 11 comments Best Add a Comment repagator8 2 yr. ago They're both good. Both are traded Over the Counter (OTC). There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. For now, BYD mostly sells its cars in its home market China, but exports to foreign markets have started and will likely continue to climb going forward, as BYD seeks to expand its international operations and gain market share in Europe, for example. That does not mean that all companies with large growth rates will have a favorable Growth Score. People tend to use electric vehicles to mean electric cars, which they certainly are, but passenger vehicles are only a portion of electric vehicles. BYD isnt the only Chinese EV maker eyeing the European market. BYD has electric commercial vehicles in ten market segments: buses, coaches, and taxis; logistics, construction, and sanitation vehicles; and vehicles for warehousing, port, airport, and mining operations. Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. The company is an EV OEM, but on top of that, BYD also has exposure to the space through other business units. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. The reasons for this disconnect are likely two-fold. A value greater than 1, in general, is not as good (overvalued to its growth rate). In terms of unit sales, among NEVs sold this year in China, commercial vehicles account for 17%, and we think commercial vehicles could account for 24% of NEV sales in 2025 under Chinas new plans. If you have an ad-blocker enabled you may be blocked from proceeding. BYD Company ( OTCPK:BYDDY) ( OTCPK:BYDDF) is an under-followed Chinese EV maker that is active in a range of other businesses as well, and which has Buffett's Berkshire Hathaway ( BRK.A) ( BRK.B . BYD reminds me way more of a chinese Tesla than NIO because BYD also . That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B. BYD went back to the drawing board, and shifted its focus on making commercial electric vehicles until the passenger EV market matured in China. After all, BYD has ambitious goals of becoming a global leader in EV technologies and growing its sales to $100+ billion over the next couple of years, and it would only be reasonable to then also upgrade investor communication. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. Even though it is not as well-known as some of its peers, its shares still experienced strong gains over the last year, and in absolute terms, they look expensive. How do the interferometers on the drag-free satellite LISA receive power without altering their geodesic trajectory? BYD stock is now down 37 percent from its 52-week highs amid the sell-off in all green energy stocks. Buffet owns the stock and its a really really popular stock to own in germany . Overall, the stock of BYD Co (OTCPK:BYDDF, 30-year Financials) appears to be significantly overvalued. LKQ Q1 Earnings & Sales Beats Estimates, Sales Remain Flat Y/Y, Autoliv (ALV) Q1 Earnings & Sales Top Estimates, Rise Y/Y. If you do not, click Cancel. This has some 573,000 shares on the move as of this writing. The Current Ratio is defined as current assets divided by current liabilities. If BYD were to keep that rate throughout the remainder of the year, they would sell 220,000 EVs in 2021, but due to the Chinese New Year in Q1 and planned production growth, that is likely a conservative estimate, and it seems reasonable to assume that BYD will actually sell more than 220,000 EVs this year. BYDDF stock versus 50 and 200-day moving average. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Should I buy Byd Co. (BYDDY) - Zacks Not all EV-related stocks felt the same love over the last year, however. The Sales to Assets ratio (or Sales to Total Assets or S/TA for short) shows how much sales are generated from a company's assets. Buffett first took a 10 percent stake in BYD in 2008, which was the same year that Tesla unveiled its Roadster electric vehicle. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. The Investment Community where "Cash Flow is King". Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. They both trade in OTC markets in the U.S. BYD trades under two ticker symbols on the OTC markets, BYDDFand BYDDY. The difference is that BYDDY is the ADR of BYD stock, while BYDDF is its H-shares and BYDDY trades at roughly twice what BYDDF trades at. If you look into trading profiles, they're are just replicas of each other with same trading volume,buy/sell signals etc. Still, though, they only make cars. All of those stocks are classified into three groups: Sector, M Industry and X Industry. (Book value is defined as total assets minus liabilities, preferred stocks, and intangible assets.) They both trade in OTC markets in the U.S. How does the broker benefit from shorting stock? BYD Shareholders | Who Owns The Most Shares of BYD? The most common way this ratio is used is to compare it to other stocks and to compare it to the 10 Year T-Bill. BYD was not looking at the U.S. market as a major revenue stream, but rather to establish its brand overseas. 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While Berkshire has experienced an impressive return on its investments in BYD in recent years, we believe that the growth will only accelerate in the following years, as the adoption of EVs will significantly increase this decade. It is not yet known whether the current leaders in the EV space will remain the top performers for years or decades in terms of market share, but it seems pretty obvious that EV adoption, overall, will continue to grow. BYD brought Han to Stuttgart, the home of Porsche and Daimler, and had very positive feedback from the public on the cars design and specs. I have no business relationship with any company whose stock is mentioned in this article. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. I am/we are long BYDDF, NIO, XPEV, TSLA, BYDDY. What were the most popular text editors for MS-DOS in the 1980s? It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Does a password policy with a restriction of repeated characters increase security? In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). Projected EPS Growth looks at the estimated growth rate for one year. The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. Parabolic, suborbital and ballistic trajectories all follow elliptic paths. Is Byddf stock overvalued? - True goodie BYD is a Chinese manufacturing company founded in 1995 and based out of Shenzhen, Guangdong. The Earnings Yield (also known as the E/P ratio) measures the anticipated yield (or return) an investment in a stock could give you based on the earnings and the price paid. BYD's portfolio includes electric busses, electric trucks, and electric vans. On top of that, BYD is only one of the few Chinese EV manufacturers to pay dividends, and it also has a significant insider ownership stake of ~31%, which is a good sign for all the average shareholders, as it's in the direct interest of the management to drive the share price higher. Considering this, we believe that BYD is one of the most attractive EV companies on the market right now and purchasing its stock is a good way of exposing your portfolio to the EV industry. Octobers sales numbers were just released: NEV sales grew 85% Y/Y in China, and PEV sales grew by 97% Y/Y. Still, compared to many of the EV pure-plays, BYD looks like an absolute bargain. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. With a 150% growth rate in EV deliveries, BYD grew significantly faster than Tesla, which saw its volumes rise by a little above 100% year over year. This could also mean that BYD's peers are very overvalued and that BYD is not undervalued. BYDDF trades at HKD:USD conversion rate (0.13) of the HK shares, so that makes financial breakdowns in USD easier, and BYDDY trades at 2x BYDDF. ), so BYD has almost limitless battery partnership opportunities in the road ahead, especially because it has the cheapest and safest battery in the industry. For that reason, sometimes it might be hard for investors outside of China to find fresh financial information on the company, as its English IR section on the official website is not updated as frequently as the Chinese IR section. BYD Stock Forecast, Price & News (OTCMKTS:BYDDF) - MarketBeat Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) Is this happening to you frequently? I don't see that quote anywhere in the forum thread you linked to. This will have them working together to create an EV similar to the Toyota Corolla. This longer-term historical perspective lets the user see how a company has grown over time. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Please disable your ad-blocker and refresh. The faith Warren Buffett has put in the company is another stamp of approval for investors. When it comes to buying BYD stock, it can be a little confusing for some investors trying to figure out the difference between BYDDF and BYDDY.
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