Impressive BYD (1211) Earnings: November Vehicle Sales Soar to 506,804 Units and Continue Strong Performance

BYD on Smartkarma

On Smartkarma, independent analysts like Eric Wen and Ming Lu have provided bullish coverage on BYD Company (1211 HK). Eric Wen‘s recent report titled “BYD Company (1211 HK, BUY, TP HK$372) Review” highlighted that BYD‘s financial results in C3Q24 fell short of estimates but decreased promotional activities in October indicate improved profitability in the next quarter. Ming Lu‘s insights, “BYD (1211 HK): 3Q24, Revenue up by 24% Due to Sales Volume Acceleration” and “BYD (1211 HK) Quick Note: Company and Industry Sales Up by 46% YoY and 51% YoY,” emphasize the strong revenue growth of 24% in 3Q24 due to sales volume acceleration and significant sales growth in the NEV market.

Additionally, Caixin Global‘s report highlighted that major Chinese EV makers, including BYD, experienced a record month for sales in September. Henry Soediarko‘s analysis in “BYD Vs Tesla: 1H 2024 Updates” compares BYD and Tesla, noting that BYD outperformed Tesla in the first half of 2024 and trades at a discount despite its strong performance. With positive sentiments from various analysts, the outlook for BYD appears promising as it capitalizes on sales growth and market potential in both domestic and emerging markets.

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

BYD Company Limited, known for its innovative electric vehicles and battery technology, shows a mixed long-term outlook based on Smartkarma Smart Scores. While the company scores high on growth and resilience, indicating strong potential for future expansion and ability to withstand economic challenges, it lags in value and momentum. With a moderate dividend score, BYD offers some returns to investors but may not be the most attractive in terms of value at the moment. Investors eyeing long-term prospects could find BYD‘s focus on growth and its resilient nature appealing despite some current weaknesses.

BYD Company Limited, a leading player in the automobile and battery industries, receives varying Smartkarma Smart Scores across different factors. With strengths in growth and resilience, BYD demonstrates a capacity for future development and stability in volatile markets. However, the company’s lower scores in value and momentum suggest some challenges and slower market momentum. The moderate dividend score implies a decent payout to investors but may not be a standout feature. Overall, BYD‘s emphasis on growth and resilience could be appealing for investors looking at the company’s long-term potential.

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.
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