- BYD Electronic’s net income for the first half of 2024 was 1.52 billion yuan, a 0.1% increase year-over-year.
- This net income was below the estimated 1.78 billion yuan based on two analyst estimates.
- Revenue surged to 78.6 billion yuan, marking a 40% year-over-year increase, and surpassed the estimated 75.92 billion yuan.
- The gross margin fell to 6.85% from last year’s 7.85%, missing the estimated 7.61%.
- Market reaction: 31 analysts recommend buying, 2 hold, and none suggest selling.
- All comparisons with the previous results are based on the company’s original disclosures.
BYD Electronics on Smartkarma
BYD Electronics has recently garnered positive attention from multiple independent analysts on Smartkarma, a leading platform for investment research. Osbert Tang, CFA, expresses a bullish sentiment towards BYD Electronics‘ inclusion in the Hang Seng Index, citing the company’s reasonable valuations, growth prospects, and strong earnings as factors that may shield it from the post-inclusion underperformance trend seen by other stocks. Tang highlights the company’s underperformance YTD, average valuations, and potential for growth through AI-enhanced products as reasons for optimism.
Furthermore, Brian Freitas and Travis Lundy also provide bullish insights on BYD Electronics‘ inclusion in the Hang Seng Index. Freitas notes the estimated turnover and trade volume associated with the index rebalance, while Lundy emphasizes the unpredictability of index rebalancing decisions. Both analysts anticipate positive flows and potential benefits for BYD Electronics following its addition to the index, suggesting a favorable outlook for the company’s future performance.
A look at BYD Electronics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
BYD Electronics, a company specializing in handset components and assembly services, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a high Growth score of 5, the company is expected to experience significant expansion and development in the future. Additionally, a strong Dividend score of 4 indicates potential for stable returns for investors. Although Value and Resilience scores are moderate at 3, suggesting decent valuation and resilience to market fluctuations, the Momentum score of 3 reflects a steady pace of growth for the company.
In summary, BYD Electronics, known for its production of handset components and assembly services for global manufacturers, is positioned for long-term success. With an impressive Growth score of 5 and solid Dividend score of 4, the company demonstrates potential for robust growth and returns. While Value and Resilience scores are average at 3, indicating fair valuation and market stability, the Momentum score of 3 suggests consistent but not rapid progress for BYD Electronics in the foreseeable future.
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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