BYD Company Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Simply Wall St.05-02

Investors in BYD Company Limited (HKG:1211) had a good week, as its shares rose 7.2% to close at HK$216 following the release of its quarterly results. It looks to have been a decent result ...

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It looks to have been a decent result ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/automobiles/hkg-1211/byd-shares/news/byd-company-limited-just-beat-analyst-forecasts-and-analysts\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD Company Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD Company Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 06:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/hk/automobiles/hkg-1211/byd-shares/news/byd-company-limited-just-beat-analyst-forecasts-and-analysts><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors in BYD Company Limited (HKG:1211) had a good week, as its shares rose 7.2% to close at HK$216 following the release of its quarterly results.       It looks to have been a decent result ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/automobiles/hkg-1211/byd-shares/news/byd-company-limited-just-beat-analyst-forecasts-and-analysts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0289961442.SGD","symbol_name":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/hk/automobiles/hkg-1211/byd-shares/news/byd-company-limited-just-beat-analyst-forecasts-and-analysts","article_id":"2432694962","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/4021000-choice2-main-header/1585186704391"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432694962","pubTimestamp":1714603253,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Investors in BYD Company Limited ( HKG:1211 ) had a good week, as its shares rose 7.2% to close at HK$216 following the...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"81211":"比亚迪股份-R","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","BK1539":"汽车股","SG9999015978.USD":"利安颠覆性创新基金A","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","002594":"比亚迪","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","01211":"比亚迪股份","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4150":"赌场与赌博","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK1119":"汽车制造商","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK1522":"燃料电池","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","BK1610":"ETF&股票定投概念","SG9999014674.SGD":"Nikko AM All China Equity A SGD","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK1540":"电池","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","BK1582":"深圳本地概念股","SG9999006597.SGD":"United China-India Dynamic Growth SGD","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","BK1509":"特斯拉概念股","LU0823426308.USD":"法巴中国股票基金","BYD":"博伊德赌场","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU1861219969.SGD":"Blackrock Future of Transport A2 SGD-H","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0823414478.USD":"法巴经典能源转换基金","SG9999006514.SGD":"United Asia Consumer Fund SGD","LU0052750758.USD":"富兰克林中国基金A Acc","LU1861214812.USD":"Blackrock Future of Transport A2 USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","BYDDY":"比亚迪ADR","BK1594":"碳中和概念股"},"translate_title":"比亚迪有限公司刚刚超过分析师预测，分析师一直在更新他们的预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81211":0.6,"01211":1,"BYD":1,"002594":0.6,"BYDDY":0.6},"content_text":"Investors in BYD Company Limited (HKG:1211) had a good week, as its shares rose 7.2% to close at HK$216 following the release of its quarterly results.       It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at CN¥125b, statutory earnings beat expectations by a notable 14%, coming in at CN¥1.57 per share.     Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual.  We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.   View our latest analysis for BYD SEHK:1211 Earnings and Revenue Growth May 1st 2024 Following the latest results, BYD's 25 analysts are now forecasting revenues of CN¥729.4b in 2024. This would be a major 20% improvement in revenue compared to the last 12 months.       Statutory earnings per share are predicted to expand 12% to CN¥11.71.        In the lead-up to this report, the analysts had been modelling revenues of CN¥748.3b and earnings per share (EPS) of CN¥11.85 in 2024.        So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.      The average price target was steady at HK$289even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings.        Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation.  Currently, the most bullish analyst values BYD at HK$457 per share, while the most bearish prices it at HK$160.   We would probably assign less value to the analyst forecasts in this situation, because such a wide range of estimates could imply that the future of this business is difficult to value accurately.  With this in mind, we wouldn't rely too heavily the consensus price target, as it is just an average and analysts clearly have some deeply divergent views on the business.      Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates.     We would highlight that BYD's revenue growth is expected to slow, with the forecast 28% annualised growth rate until the end of 2024 being well below the historical 37% p.a. growth over the last five years.    Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 13% per year.  Even after the forecast slowdown in growth, it seems obvious that BYD is also expected to grow faster than the wider industry.     The Bottom Line  The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates.        Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry.       Yet - earnings are more important to the intrinsic value of the business.    The consensus price target held steady at HK$289, with the latest estimates not enough to have an impact on their price targets.   With that said, the long-term trajectory of the company's earnings is a lot more important than next year.   At Simply Wall St, we have a full range of analyst estimates for BYD going out to 2026, and you can see them free on our platform here..  We also provide an overview of the BYD Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock,  here. Valuation is complex, but we're helping make it simple.Find out whether BYD is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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