Market capitalizations of the likes of Tesla, NIO, and many more soared as new capital was rushing into the sector: Market capitalization increases of hundreds of percentage points seem baffling for sure, and it seems quite questionable whether those are warranted by the companies' underlying growth. 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. Byddf and Byddy are both a contraction of "By Dear Foe , and both refer to the inventor's name, James B. The previous year's Q1 was impacted by pandemic-related lockdowns in China, but that also holds true for many other manufacturers. 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) as one of its top shareholders. So be sure to compare a stock to its industry's growth rate when sizing up stocks from different groups. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. It takes the consensus estimate for the current fiscal year (F1) divided by the EPS for the last completed fiscal year (F0) (actual if reported, the consensus if not). BYDDF is seeing heavier trading than normal today. The Han sedan can go nearly 376 miles on a single charge. It's then divided by the number of shares outstanding to determine how much cash is generated per share. 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. This measure is expressed as a percentage. It's an integral part of the Zacks Rank and a critical part in effective stock evaluation. Folder's list view has different sized fonts in different folders. BYD saw its shares rise as well, but not to the same degree as Tesla, NIO, and many others. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. All Rights Reserved. First, BYDDF and BYDDY are versions of BYD stock. This item is updated at 9 pm EST each day. Debt to Equity (or D/E ratio) is total liabilities divided by total shareholder equity. With gains of more than 400 percent, BYD stock has had a great year in 2020. 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. This seems like a very reasonable comparison, as BYD's EVs are not at all cheap entry-level cars, unlike some of the offerings by other Chinese EV manufacturers. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The difference is that BYDDY is the ADR of BYD stock, while BYDDF is its H-shares. Real time prices by BATS. In 2020, EV stocks around the globe have jumped upwards, delivering hefty returns for shareholders. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. The X Industry values displayed in this column are the median values for all of the stocks within their respective industry. This is useful for obvious reasons, but can also put the current day's intraday gains into better context by knowing if the recently completed trading day was up or down. Should you buy BYDDF stock now. In this case, it's the cash flow growth that's being looked at. The longer-term perspective helps smooth out short-term events. ', referring to the nuclear power plant in Ignalina, mean? Since BYDDF is traded on the OTC markets, not many analysts cover the stock. EBITDA, as the acronym depicts, is earnings before interest, taxes, depreciation and amortization. While our testing has found that a P/S ratio of <2 is the optimum range for returns, be sure to compare this ratio to its respective industry. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. BYD has the cheapest EV battery in the industry, and it plans to sell its newest batteryBlade Batteryto other automakers. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. In addition, foreign investors could purchase BYD's shares only on the Hong Kong Stock Exchange or on the OTC market, where sometimes there might be not enough liquidity or big spreads, which is a downside as well. BYD announced in September its participation in a statewide contract will allow American transit agencies to leverage Californias purchase power to buy U.S.-built zero-emission BYD electric coach buses. 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. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. 3. have any clue as to why the stocks have performed so poorly lately (worse than the markets in general). In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. BYD Co., Ltd. engages in the research, development, manufacture, and sale of rechargeable batteries and photovoltaic business. The policy roadmap specifically emphasizes Chinas targets for NEVs; it now expects NEVs to make up 20% of new vehicle sales by 2025, and more than half of sales by 2035NEVs make up only 5% of new sales today. Cross listing question with example. While the F1 consensus estimate and revision is a key driver of stock prices, the Q1 consensus is an important item as well, especially over the short-term, and particularly as a stock approaches its earnings date. Like earnings, a higher growth rate is better than a lower growth rate. A P/B of 2 means it's selling at 2 times its book value. I wrote this article myself, and it expresses my own opinions. U.S. consumers may soon be begging for BYD cars, as well as EVs from NIO and Xpeng; all three Chinese EV stocks are only in the second inning. In 2002, Berkshire Hathaway acquired a majority stake in Tellabs, a defense communications company. Looking for a helping hand in the market? A higher number means the more debt a company has compared to its capital structure. Cash Flow per share ($/share) calculates the amount of incoming cash vs. the amount of outgoing cash for a company. Summary. Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. This allows the investor to be as broad or as specific as they want to be when selecting stocks. NIO has allocated many staff members for its export business unit, aiming to sell 7,000 ES8 and ES6 SUVs in Europe within two years. Entering text into the input field will update the search result below. None of the other automakers produce their own batteries (have I mentioned that? Reddit and its partners use cookies and similar technologies to provide you with a better experience. If you look into trading profiles, they're are just replicas of each other with same trading volume,buy/sell signals etc. First, BYDDF and BYDDY are versions of BYD stock. BYD has an incredible domestic market for its products. In fact, BYD's Tang and Han models can be described as premium cars that sell for similar prices as do Tesla's offerings. It saw an opportunity in electric cars amid the push to curb climate change and jumped on it. A positive change in the cash flow is desired and shows that more 'cash' is coming in than 'cash' going out. Nevertheless, even at that rate, BYD would be able to easily outsell the likes of NIO, XPeng, Li Auto (LI), LUCID (LUCIDM), Rivian (RIVN), and so on. Copenhagen appears to be the location of the first NIO House outside of China. The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. The Growth Scorecard evaluates sales and earnings growth along with other important growth measures. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. The majority of our articles have bearish sentiment and reflect our short stance on the market. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. NYSE and AMEX data is at least 20 minutes delayed. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. BYD already has a presence in the U.S., with its North American headquarters located in Los Angeles. GDC Stock Alert: Why Is GD Culture Group Up 700% Today? This new EV will be exclusive to the Chinese automotive market. On top of that, while BYD's 5-year revenue CAGR was ~16%, the increase in popularity of EVs along with a stunning performance in Q1 signal that the growth of the top-line will accelerate as well in the following years and the street already expects the company to make over $30 billion in revenues in FY22. I wrote this article myself, and it expresses my own opinions. Thanks to such a growth of the market, there's every reason to believe that BYD will be able to achieve its goal of generating $150 billion in annual revenue by the end of the current decade. Most importantly, under the new Five-Year Plans outline, we estimate BYDs commercial vehicle sales will grow by 1,543%, at which point BYD would have a competitive 29% market share in the Chinese NEV commercial vehicle space. If you were to apply a 21% improvement in Teslas automotive gross margin over the last four quarters (granted this isnt comparing apples to apples), it would have made an additional $1.29B in automotive gross profit. That said, the company is a strong player in the Chinese EV market. There's room for the stock to keep climbing. I don't understand this forum post "BYDDY is a sponsored ADR. We believe purchasing BYDs stock is a good way of exposing your portfolio to the EV industry. Projected EPS Growth looks at the estimated growth rate for one year. 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. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. 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. Tesla delivered 184,800 EVs globally in Q1 2021. Many online brokers including Robinhood, eToro, Charles Schwab, and Fidelity support trading in BYDs BYDDY stock. Share. The 20 day average establishes this baseline. EPS increased 3,000% from HK$0.02 to HK$0.62 Y/Y. In recent years, BYD stock has significantly outperformed the S&P 500 index, but earlier this year began to decline along with stocks of its competitors due to the overall market selloff. This is a medium-term price change metric (like the 4 week price change). If u haven't caught an eye on the stock yet this is just a reminder . Blade and in-house IGBT didnt really ramp until Q3 2020, for which BYD released results last week. Parabolic, suborbital and ballistic trajectories all follow elliptic paths. A stock with a P/E ratio of 20, for example, is said to be trading at 20 times its annual earnings. 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. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). You will need to open an account with a broker that supports the stock, fund the account, and place your order for BYDDY stock. BYD is a Chinese manufacturing company founded in 1995 and based out of Shenzhen, Guangdong. In 2008, Buffett and company sold the . It develops mostly full-electric and hybrid vehicles such as traditional sedans, SUVs, busses, forklifts, and even trains. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines. Still, though, they only make cars. Entering text into the input field will update the search result below, ) 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 (, ) as one of its top shareholders. Some of the items you'll see in this category might look very familiar, while other items might be quite new to some. 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. 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. BYD stock is now down 37 percent from its 52-week highs amid the sell-off in all green energy stocks. Please. BYDDF is traded on Hong Kong Stock Exchange." When I Googled this, I saw "ARKQ (ETF) is holding BYD/BYDDF. Li Auto delivered 12,759 vehicles in the first quarter while XPeng delivered 5,102 vehicles in March which took its Q1 2021 deliveries to 13,340. The difference is that BYDDY is the ADR of BYD stock, while BYDDF is its H-shares. BYD currently has Blade Battery factories in Shenzhen, Xi'an, Qinghai, Chongqing, Changsha, and Guiyang. Since last months article, the CCP has announced the summary of the 14th Five-Year Plan, and the message is clear: China wants to be self-reliant when it comes to technological innovation, and green technology is the focus. It sounds like it's 2 ways of owning "shares" of foreign stocks. Article printed from InvestorPlace Media, https://investorplace.com/2021/12/byddf-stock-10-things-to-know-about-byd-as-investors-hunt-for-the-next-hot-ev-play/. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. Like the earnings yield, which shows the anticipated yield (or return) on a stock based on the earnings and the price paid, the cash yield does the same, but with cash being the numerator instead of earnings. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. As for the risks, we see only a couple of them. Thats all Ill say. Ford.? It is the most commonly used metric for determining a company's value relative to its earnings. The 4 Week Price Change displays the percentage price change for the most recently completed 4 weeks (20 trading days). How does the broker benefit from shorting stock? BYD is on track to produce 415k vehicles across all powertrains and vehicle types. byddf vs byddy What's the difference in the two tickers? The respective items are ranked and graded into five groups: A, B, C, D and F. An A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. rev2023.5.1.43405. and our Is this happening to you frequently? Unbeknownst to many, BYD is one of the top passenger EV manufacturers in the world. It's used by investors as a measure of financial health. The portfolio's price can fluctuate, but the income stream remains consistent. Asking for help, clarification, or responding to other answers. While companies like NIO and Tesla get most of the attention, and therefore stretched valuations, BYD looks like a good stock to have in the portfolio. Volume is a useful item in many ways. All Rights Reserved. BYD is not only selling batteries to commercial vehicle producers, but is also designing and manufacturing its own products. On top of that, battery manufacturing is not only tied to personal EVs, but BYD can also supply its batteries to manufacturers of commercial vehicles - e.g., electricity-powered busses or trucks. Nevertheless, BYD stock still has outperformed Tesla (TSLA) and its closest Chinese peers such as NIO (NIO), XPeng (XPEV), and Li Auto (LI) in the last six months and is slowly recovering to its previous highs on the overall bullish sentiment. It's also commonly referred to as a 'liquidity ratio'. How can investors buy BYD stock and what can they expect? It's typically categorized as a valuation metric and is most often quoted as Cash Flow per Share and as a Price to Cash flow ratio. 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. BYD stock is now down 37 percent from its 52-week highs amid the sell-off in all green energy stocks. This means that more and more batteries are needed, which means that the battery manufacturing business BYD is active in should do well, whether the EV leader in 2030 is Tesla, Volkswagen, or any other company. Building off its success in the European electric bus market, BYD plans to start selling the electric versions of Han and Tang in Norway next January. By clicking Post Your Answer, you agree to our terms of service, privacy policy and cookie policy. BYDs major advantage is that its already one of the most dominant companies in the EV industry in China, which is also the biggest EV market in the world. More details here. And margin rates can vary significantly across these different groups. It was an anxious time for BYD, because it felt that it needed validation in the U.S. to achieve sales in China, but the U.S. market wasnt ready for a mid-priced EV or PHEV, especially one from a Chinese company. After all, Tesla didn't grow its sales by 400%+, nor did NIO grow its sales by 1,600%. NIO delivered 7,257 electric cars in March which took its Q1 2021 deliveries to 20,060 which was ahead of its guidance. Jianghuai Automobile has risen by more than 8%, and Great Wall Motor has also reached a new high, rising by more than 3%. For BYD's newest model, Han (performance of a Tesla Model S for the price of a Model 3), we estimate the IGBT and battery at the pack level combined cost to be only 25.4% of the total manufacturing cost, despite the cars narrower gross margins. Notably, Buffett is invested in the company since 2008 despite the fact that EV stocks dont exactly fit into his definition of value stocks. BYD was not looking at the U.S. market as a major revenue stream, but rather to establish its brand overseas. BYDDF stock trades at an NTM enterprise value to EBITDA multiple of 23.04x which looks reasonable considering the bloated valuations of other pure-play EV companies. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank. Lastly BYDDY is an ADR while BYDDF is H share, but who cares? It sold a total of 16,301 battery-powered EVs in the month. 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. Cash Flow is a measurement of a company's health. I am not receiving compensation for it (other than from Seeking Alpha). Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Copyright 2023 Market Realist. 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.

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