BYD Co Ltd Class A (002594) Fair Value & Analysis
Consumer Cyclical · CN · Market cap 834B CNY (≈ $124B) · ISIN CNE100001526
What is BYD Co Ltd Class A really worth?
Below-average quality, and trading another 42% above our fair value of ¥61.43.
Risks
For context
Fair value as of: Aug 29, 2026
From 16 valuation models · updated 6 days ago
Share price −4.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (¥46.08 to ¥89.48) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range ¥46.60 – ¥133.41 · fair‑value band ¥46.08 – ¥89.48 · the ¥87.40 price screens above the ¥61.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
BYD Co Ltd Class A (002594) currently trades at ¥87.40, while our model-based Fair Value estimate is ¥61.43, implying the stock looks roughly 42.3% overvalued today. The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of ¥119.31 per share, and 5 of the 16 models we run sit above the ¥87.40 price. Bear case: the Asset-Based group reads lowest at ¥16.89, and 11 of the 16 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, BYD Co Ltd Class A generated revenue of 784B CNY at a net margin of 3.5%. Revenue declined 11.8% year over year. It earns a return on equity of 11.2%. Net debt stands at 89.9B CNY. Fundamentals as of Aug 29, 2026
Our scenario range runs from ¥46.08 (bear case) to ¥89.48 (bull case); at ¥87.40, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 28% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −17% fair-value upside, at −30%, 002594 screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥1.86 per share, which is 3.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 16 models by family
Widest divergence: Growth Earnings (¥119.31) versus Asset-Based (¥16.89). Highest evidence: EPV (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 42
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.
Full company description
BYD Company Limited, together with its subsidiaries, engages in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. It operates in two segments, Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products. The Mobile Handset Components, Assembly Service and Other Products segment manufactures and sells mobile handset components, such as housings and electronic components, and provides assembly services. Its Automobiles and Related Products and Other Products segment is involved in the manufacturing and sale of automobiles, and auto-related molds and components; provision of automobile leasing and after sales services, automobile power batteries, lithium-ion batteries, photovoltaic, and iron battery products; and rail transport and related business. The company develops urban rail transportation business. BYD Company Limited was founded in 1994 and is headquartered in Shenzhen, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
BYD Co Ltd Class A reported revenue of 794B CNY in FY2025 versus 216B CNY in FY2021, a compound +38.4%/yr. Reported net income was 32.6B CNY in FY2025, compounding +80.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
of which total revenue +27.5 % · buybacks/dilution −1.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
002594 screens 42% overvalued. Compare with Toyota Motor Corporation →
Peer Group
Auto Manufacturers · 115 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Auto Manufacturers median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $191.84 | $247.83 | +29% |
| BYD Company 81211 | HK$76.90 | HK$48.59 | −37% |
| Hyundai Motor Company 005380 | 418,500 KRW | 567,393 KRW | +36% |
| Ferrari N.V RACE | €355.50 | €167.67 | −53% |
| General Motors Company GM | $86.27 | $52.69 | −39% |
| Ford Motor Company F | $13.88 | $11.51 | −17% |
| Mercedes-Benz Group MBG | €46.95 | €106.16 | +126% |
| Dr. Ing. h.c. F. Porsche AG P911 | €43.91 | €17.34 | −61% |
| Maruti Suzuki India Limited MARUTI | ₹12,694 | ₹8,236 | −35% |
| Volkswagen AG VOW3 | €77.42 | €248.34 | +221% |
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