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BYD Company (81211) Fair Value & Analysis

Consumer Cyclical · HK · Market cap HK$1.0T

BC BYD Company 81211 · HK
PriceHK$76.00
Fair ValueHK$48.59
Upside-36.1%
Quality33/100
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Expensive Growth
Thin margins · 3.5% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 32/100
Evidence: High Range HK$36.44 – HK$72.72 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated yesterday

Fair value updated Aug 13, 2026, revised from HK$50.85 to HK$48.59 (−4.4%) since Aug 6, 2026. Share price +1.0% over the past month.

Below-average quality, and screening another 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (HK$72.72). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (HK$36.44 to HK$72.72) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

HK$137.47 HK$48.98 Fair Value HK$48.59 Jun 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

38‑month range HK$48.98 – HK$137.47 · fair‑value band HK$36.44 – HK$72.72 · the HK$76.00 price screens above the HK$48.59 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

BYD Company (81211) currently trades at HK$76.00, while our model-based Fair Value estimate is HK$48.59, implying the stock looks roughly 36.1% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, BYD Company generated revenue of HK$784B 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 HK$89.9B. Fundamentals as of Aug 13, 2026

Our scenario range runs from HK$36.44 (bear case) to HK$72.72 (bull case); at HK$76.00, the current price sits above 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 39% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at -36%, 81211 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income HK$16.93 HK$21.92 HK$56.56 76
ROIC Compounder HK$12.32 HK$14.49 HK$16.41 72
Gordon GGM HK$10.39 HK$22.69 HK$38.17 70
All 16 models by family
Earnings-Based
Graham-Dodd HK$16.52 HK$115.18 HK$161.64 54
Lynch FV HK$43.07 HK$61.52 HK$79.98 50
PEG = 1.0 HK$43.07 HK$61.52 HK$79.98 46
EPV HK$12.32 HK$14.49 HK$16.41 59
Dividend Discount
Gordon GGM HK$10.39 HK$22.69 HK$38.17 70
DDM Multi-Stage HK$10.39 HK$18.58 HK$23.64 61
Multiples
P/E Multiple HK$40.08 HK$53.44 HK$66.79 63
P/S Multiple HK$30.97 HK$41.29 HK$51.61 58
P/B Multiple HK$30.97 HK$41.29 HK$51.61 55
EV/EBIT HK$22.64 HK$30.18 HK$37.71 53
EV/EBITDA HK$69.07 HK$92.08 HK$115.10 54
EV/Revenue HK$15.27 HK$21.80 HK$28.33 43
Asset-Based
NCAV (Graham) HK$8.47 HK$11.35 HK$16.94 50
Economic Profit
Residual Income HK$16.93 HK$21.92 HK$56.56 76
ROIC Compounder HK$12.32 HK$14.49 HK$16.41 72
Growth Earnings
Growth-Adj P/E HK$56.13 HK$80.19 HK$104.25 68

Widest divergence: Growth Earnings (HK$80.19) versus Asset-Based (HK$11.35). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) HK$784B
Revenue growth (YoY) -11.8%
Net margin 3.5%
Return on equity 11.2%
Free cash flow −HK$97.3B FY2025
P/E ratio 34.8 as of Jul 2, 2026
More key figures
Operating margin 4.8%
EPS (TTM) HK$3.05
EPS growth (YoY) -56.9%
Net debt HK$89.9B FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 37 · Market factors (momentum, volatility) 37

Profitability 41
Margins and returns on capital today
Quality Growth 27
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 1
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 59
Buybacks instead of dilution

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.

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 Company reported revenue of HK$794B in FY2025 versus HK$216B in FY2021, a compound +38.4%/yr. Reported net income was HK$32.6B in FY2025, compounding +80.9%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
HK$794B
Latest YoY
+2.2%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+38.4%
Avg. growth/yr (23Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+29.0%
Revenue +38.4%/yr
FY21 HK$216B
FY22 HK$424B
FY23 HK$602B
FY24 HK$777B
FY25 HK$794B
Net income +80.9%/yr
FY21 HK$3.0B
FY22 HK$16.6B
FY23 HK$30.0B
FY24 HK$40.3B
FY25 HK$32.6B
Character of growth · EPS growth decomposed (2015-2025) +27.0 % p.a.
Revenue per share +25.6 pp

of which total revenue +27.5 pp · buybacks/dilution −1.9 pp

EBIT margin +0.5 pp
Tax rate +0.3 pp
Residual (interest, one-offs) +0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

81211 screens 36% overvalued. Compare with Toyota Motor Corporation →

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Cite: Fair Value Calculator (2026). "BYD Company Fair Value". https://www.fairvalue-calculator.com/stock/81211

Peer Group

Auto Manufacturers · 119 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.

Quality Score 33 · Bottom 25%
Fair Value upside −36% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 2% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 5% · Above median
Revenue growth -12% · Bottom 25%
Debt / equity 0.33× · Higher than median

Valuation Multiples vs Auto Manufacturers median · lower = cheaper

P/E (TTM) 34.8× · Pricier than 75% of peers
P/B 4.49× · Pricier than 75% of peers
P/S (TTM) 1.30× · Pricier than median
EV/EBITDA 9.2× · Cheaper than median
PEG 0.61× · Cheaper than median

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 · sector 33
FUTURE 0 · sector 33
PAST 45 · sector 20
HEALTH 84 · sector 94
DIVIDEND 0 · sector 46

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Toyota Motor Corporation TM $188.22 $247.83 +32%
Hyundai Motor Company 005380 418,500 KRW 567,393 KRW +36%
Bayerische Motoren Werke Aktiengesellschaft BMWM5N 1,909 MXN 2,610 MXN +37%
Ford Motor Company F C$11.72 C$3.70 -68%
Volkswagen AG VOW 2,149 CZK 7,783 CZK +262%
Maruti Suzuki India Limited MARUTI ₹13,875 ₹8,236 -41%
Kia Corporation 000270 135,600 KRW 341,751 KRW +152%
Weichai Power Co 2338 HK$36.40 HK$28.46 -22%
Geely Automobile Holdings 80175 HK$15.50 HK$19.14 +23%
Bajaj Auto Limited BAJAJAUTO ₹11,700 ₹4,574 -61%

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Frequently asked questions

Is BYD Company (81211) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of HK$48.59 versus a price of HK$76.00, about −36% (overvalued).
What is the fair value of 81211?
Our model-based fair value for BYD Company is HK$48.59 (as of Aug 13, 2026), built from audited fundamentals. The current price is HK$76.00.
What is the quality score of 81211?
BYD Company has a Quality Score of 33/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of BYD Company (81211)?
BYD Company reported trailing-twelve-month revenue of about HK$784B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 81211?
The net profit margin of BYD Company is about 3.5%, meaning it keeps roughly 3.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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