BYD (1211) Earnings Report: FY Net Income Misses Estimates Despite 81% Yearly Increase

BYD on Smartkarma

According to independent investment research network Smartkarma, top analysts such as Ming Lu and Henry Soediarko have published bullish coverage on BYD (1211 HK), a Chinese electric vehicle and battery manufacturer. In one of his reports, Ming Lu predicts a strong increase in revenue and net profit for BYD in 2023, leading to a 54% upside and a price target of HK$304. Another report by the same analyst highlights positive news for the company, such as its estimated net profit growth and partnership with popular travel platform Trip.com. Additionally, Henry Soediarko‘s report compares BYD to Tesla, stating that BYD has surpassed Tesla as the top EV maker and is trading at a deep discount.

In another report by Ming Lu, it is noted that all NEV (new energy vehicle) stocks, including BYD, have recently experienced a plunge in their stock prices. However, the analyst believes this presents an opportunity for investors as BYD‘s sales volume has grown higher than the industry average. With an estimated upside of 61%, BYD is still seen as a promising investment opportunity on Smartkarma. The independent investment research network provides valuable insights and analysis from top analysts, giving investors a comprehensive view of companies like BYD.

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

According to Smartkarma Smart Scores, the long-term outlook for BYD is looking positive. With a score of 5 for growth and 4 for resilience, the company is expected to continue expanding and weathering any potential challenges. BYD‘s growth score indicates its potential for increasing its market share and profitability in the future. Additionally, its resilience score suggests that the company is well-equipped to handle any potential economic downturns or industry disruptions.

While BYD may not score as high in value and dividend, with scores of 2 for both, it is still a promising company. This indicates that while the company may not currently be undervalued or have a high dividend yield, it still has potential for growth and is not overvalued. Furthermore, BYD‘s focus on manufacturing and selling automobiles and batteries for electronic devices puts it in a strong position in the rapidly growing technology industry. Overall, BYD‘s strong Smartkarma Smart Scores suggest that it is a company to watch for long-term success.

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.
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