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China's largest maker of electric and hybrid vehicles, also producing its own batteries, chips and electronics for phones/other brands.
China's largest maker of electric and hybrid vehicles, also producing its own batteries, chips and electronics for phones/other brands.
Stopped making petrol-only cars in 2022 and sells plug-in hybrids and battery cars through dealers under several brands, using in-house batteries, chips and parts to keep costs low. It also makes phone and electronics components through BYD Electronic. Exports are the growth line. These Hong Kong shares and the Shenzhen ones are the same company.
In one line: China's Tesla plus a hidden Foxconn-like electronics contract manufacturer.
Moat: narrow (scale, cost advantage, switching costs). Vertical integration into batteries and components gives cost advantages versus pure-assembly automakers.
Headquarters: Shenzhen, China · Founded: 1995 · Employees: 869,622
Size BYD (1211.HK) is a Hong Kong Consumer Discretionary company (Electrical Products) with a market value of $98.9B, the 20th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$74.15 on 6 Nov 2026.
Performance Over six months the shares fell 26.0%, against -31.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 3rd highest of 6 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +0.4%); the operating margin is 4.0% (peer median 8.6%).
Valuation It trades at 15.8× forward earnings.
Capital Return on invested capital runs 10.3 points above its cost of capital (8.3% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$912B | HK$861B | HK$830B | HK$657B | HK$486B |
| Revenue growth | — | +4% | +26% | +35% | — |
| Gross profit | HK$224B | HK$130B | HK$140B | HK$119B | HK$73.4B |
| EBITDA | n/a | HK$112B | HK$111B | HK$80.6B | HK$46.1B |
| Net income | HK$35.9B | HK$35.1B | HK$43.7B | HK$33.2B | HK$19.3B |
| Free cash flow | -HK$64.5B | -HK$106B | HK$39.6B | HK$52.8B | HK$50.6B |
| Capital expenditure | HK$148B | HK$170B | HK$106B | HK$135B | HK$113B |
| Total debt | HK$236B | HK$184B | HK$61.4B | HK$56.1B | HK$31.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| BYD 1211.HK | $98.9B | -26% | 0% | 4% | 15.8× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 176.4× | n/a |
| Contemporary Amperex Technology 3750.HK | $179B | -43% | +59% | 14% | 16.6× | -8.3% |
| Geely Auto 0175.HK | $20.1B | -34% | +27% | 4% | 6.5× | -9.3% |
| NIO 9866.HK | $7.60B | -46% | +70% | -4% | n/a | n/a |
| Great Wall Motor 2333.HK | $15.7B | -48% | +13% | 2% | 5.9× | -5.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1211.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | -7.2% | highest of 6 |
| 6-month return | -26.0% | -31.9% | 3rd highest of 6 |
| Distance from 52-week high | -34.3% | -55.6% | 3rd highest of 6 |
| Revenue growth (TTM) | +0.3% | +0.4% | 3rd highest of 5 |
| Operating margin | 4.0% | 8.6% | 2nd lowest of 5 |
| Forward P/E | 15.8× | n/a | — |
| ROIC minus cost of capital | +10.3 pp | +0.2 pp | 2nd highest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| BYD 1211.HK | Hong Kong | $98.9B | -26% | 0% | 4% | 15.8× | n/a | n/a |
| Aptiv APTV | United States | $7.98B | -32% | -5% | 10% | 6.8× | -6.8% | +9.3% |
| Versigent VGNT | United States | $2.90B | -2% | +6% | 8% | 5.7× | -2.5% | +3.2% |
| QuantumScape QS | United States | $2.66B | -43% | n/a | n/a | n/a | n/a | n/a |
| Hankook & 000240.KS | South Korea | $1.71B | -2% | +13% | 28% | n/a | -12.0% | +14.7% |
| Solid Power SLDP | United States | $453M | -35% | -66% | -1,475% | n/a | n/a | n/a |