- BYD Electronic’s net income for the fiscal year was 4.27 billion yuan, falling short of the estimated 4.55 billion yuan.
- The company’s revenue surpassed expectations, reaching 177.31 billion yuan compared to the estimated 171.54 billion yuan.
- A final dividend per share of 56.8 RMB cents was announced.
- Research and Development (R&D) expenses were 4.89 billion yuan, below the projected 5.62 billion yuan.
- Selling and Distribution Expenses exceeded expectations at 1.89 billion yuan versus the estimated 1.44 billion yuan.
- Administrative expenses were slightly lower than anticipated at 1.60 billion yuan, compared to the estimate of 1.61 billion yuan.
- Analyst ratings for the company include 30 buys and 1 hold, with no sell recommendations.
BYD Electronics on Smartkarma
Analyst coverage of BYD Electronics on Smartkarma by John Liu emphasizes the company’s anticipated growth in 2025 as earnings are projected to rise, particularly driven by the shift to becoming a high-precision manufacturer not fully reflected in the PE multiple. The core drivers for BYD Electronics‘ growth in 2025 are identified as increasing demand in its legacy EMS business and continued expansion in auto electronics and AI data cooling devices. Expectations point to a surge in earnings momentum in the fourth quarter, with various segments entering an upcycle, leading to an estimated 45% growth in bottomline results for 2025 compared to 9% in 2024. Despite this positive outlook, the current 13x 2025 PE multiple is seen as undervaluing BYD Electronics‘ transformation towards a more diverse and advanced manufacturer.
A look at BYD Electronics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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, has been attracting attention with its promising long-term outlook. Smartkarma Smart Scores indicate that BYD Electronics excels in growth prospects, scoring high with a 5 out of 5. This suggests a positive trajectory for the company in terms of expanding its operations and profitability over time. Additionally, the company has strong momentum with a score of 4, indicating favorable market trends and investor sentiment towards BYD Electronics.
Although BYD Electronics scores moderately in value, dividend, and resilience, with scores of 3 on each, the standout performance in growth and momentum bodes well for its future performance. Investors may take note of BYD Electronics for its potential to capitalize on growth opportunities and maintain positive momentum in the market.
Summary: BYD Electronic International Co., Ltd. is a research, development, and manufacturing company that focuses on handset components like casings and keypads as well as offering assembly services to global handset manufacturers.
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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