BYD (1211) Earnings: May Sales Soar with 38% Y/Y Growth in Passenger Vehicles

BYD on Smartkarma

On Smartkarma, analyst Ming Lu has provided a bullish outlook on BYD (1211 HK) in multiple recent reports. In the report titled “BYD (1211 HK): Low Growth in 1Q24, But March Sales and Homemade Batteries to Support a Strong Year,” Lu notes that although BYD‘s revenue growth has been slow, the recovery of sales volume in March indicates a strong year ahead. The analyst believes that BYD‘s homemade batteries will give the company a competitive edge in the price war.

In another report, “BYD (1211 HK) 1Q24 Preview: No Concern for Slow Quarter, To Achieve a Strong Year, 60% Upside,” Ming Lu remains optimistic about BYD‘s future performance. Despite expecting slow revenue growth in the first quarter of 2024, Lu foresees rapid growth for the full year. The operating margin is projected to reach a historical high in 1Q24, supporting the potential for a 60% upside by the end of 2024. Overall, the analyst recommends buying BYD shares based on these insights.

A look at BYD Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, BYD shows a positive long-term outlook with strong ratings across various factors. With high scores in Growth and Momentum, the company is positioned for potential expansion and market performance. Additionally, its Resilience score indicates a capacity to withstand market fluctuations, adding a layer of stability to its overall outlook.

While the Value and Dividend scores are not as high as Growth and Momentum, they still contribute to a balanced evaluation of BYD‘s potential. Overall, the combination of these scores suggests that BYD Company Limited, known for its production of automobiles and batteries for various electronic devices, holds promise for investors seeking a company with growth and momentum in the long term.

Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma