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BYD: Attractive Fundamentals As A Dominating Automotive Company
Seeking Alpha· 2024-08-19 11:35
Robert Way Thesis BYD (OTCPK:BYDDY) (OTCPK:BYDDF) is an automobile company with a competitive moat. Its superior technology, dominance of the lower-cost automobile segment in China, and benefits from its large scale make it a resilient and profitable company in the highly competitive industry. Its P/E ratio of 20 is not cheap out of context but reflects its historical and expected future growth from the EV adoption trend and BYD's diverse product lines with various levels of premium. I believe earnings will ...
Is Byd Co. (BYDDY) Outperforming Other Auto-Tires-Trucks Stocks This Year?
ZACKS· 2024-08-16 14:46
For those looking to find strong Auto-Tires-Trucks stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Byd Co., Ltd. (BYDDY) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question. Byd Co., Ltd. is a member of the Auto-Tires-Trucks sector. This group includes 107 individual stocks and currently holds a Zacks Sector Rank of #14. The ...
AI predicts BYD stock price for end of 2024
Finbold· 2024-08-09 18:04
BYD (OTCMKTS: BYDDY), a leading player in the global EV market, has shown remarkable resilience despite broader economic challenges in both China and the global market. With a robust portfolio of electric vehicles (EVs) and hybrids, BYD has strategically expanded its international footprint, particularly in Western markets. As of July 2024, the company achieved a significant milestone by surpassing one million sales in a three-month period for the first time, underscoring strong demand and substantial marke ...
BYD Electronic: Focus On GenAI Smartphone And AI Server Growth Drivers
Seeking Alpha· 2024-08-08 03:31
Core Viewpoint - BYD Electronic (International) Company Limited is positioned to benefit from the rising demand for Generative Artificial Intelligence (GenAI) smartphones and AI servers, with an attractive valuation based on the Price-to-Earnings Growth (PEG) metric [1][7]. Group 1: GenAI Smartphone Market - The global shipment volume for GenAI smartphones is projected to grow at a CAGR of +78%, increasing from 51 million units in 2023 to 912 million units by 2028, indicating a significant growth opportunity for smartphone component suppliers like BYD Electronic [2]. - BYD Electronic specializes in lightweight casing components for smartphones, which are expected to see increased demand as GenAI smartphones become more prevalent, allowing the company to sell more higher Average Selling Price (ASP) components [3]. Group 2: AI Server Business - The AI server market is anticipated to grow significantly, with TrendForce forecasting a +69% increase in market value to $187 billion in the current year, and Gartner estimating a +30% CAGR for end-user spending on AI servers from 2022 to 2027 [5]. - BYD Electronic's AI server business is expected to generate sales of around RMB1 billion this year, representing approximately 0.6% of the company's projected FY 2024 revenue of RMB170 billion [5]. - The company is collaborating with Nvidia on AI server products, which are set for mass production next year, indicating a strong potential for growth in this segment [5]. Group 3: Financial Metrics and Valuation - BYD Electronic's PEG ratio is currently at an appealing 0.5 times, based on a consensus next twelve months' normalized P/E multiple of 12 times and a projected normalized EPS CAGR of +24% from FY 2023 to FY 2026 [7].
Is Byd Co. (BYDDY) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-08-02 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...
Are Auto-Tires-Trucks Stocks Lagging Byd Co. (BYDDY) This Year?
ZACKS· 2024-07-19 14:41
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Byd Co., Ltd. (BYDDY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stock ...
3 Auto Stocks to Buy Now: Q3 Edition
Investor Place· 2024-07-19 10:48
Auto stocks are closely tied to the economic cycle, implying that their performance is reflected in the economy's health. With the U.S. economy seeing almost a 3% rise in inflation over the last 12 months and only a 1% fall in June, this only means one thing for the automotive industry: reduced demand. These three auto stocks, however, saw impressive performance in the just-concluded Q2 period, and all are set to soar even higher in Q3. These three stocks outperformed delivery estimates, increased sales rev ...
3 EV Stocks to Buy at New Lows in July
Investor Place· 2024-07-17 21:16
Electric vehicle (EV) companies, for the most part, are still reeling from a broader slump in the market. Some EV makers have seen their sales decline and others their margins. Ever since the U.S. Federal Reserve decided to raise interest rates in order to combat rising inflation, new car buyers have struggled to take on increasingly expensive car notes. In turn, EV companies, including Tesla (NASDAQ:TSLA), BYD (OTCMKTS:BYDDY) and many others have had to resort to discounts to entice new customers. Thankful ...
Byd Co. (BYDDY) is an Incredible Growth Stock: 3 Reasons Why
ZACKS· 2024-07-17 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects. Studies have shown that stocks with the bes ...
China's BYD Gains Automaking Identity, Reputation And Market Share Quarter By Quarter
Seeking Alpha· 2024-07-13 12:15
teddyleung/iStock Editorial via Getty Images BYD Quarterly Sales Increases (Bloomberg) Fully priced? BYD Seal with 5th-gen plug-in hybrid tech (BYD) In September, BYD announced its U8 luxury competitor to Range Rover and other off-road style SUVs, priced at roughly $150,000. The plug-in hybrid system boasts a maximum range of more than 620 miles. With a rating of 1,200 horsepower, U8 claims a 0-60 acceleration in under 3.6 seconds. Spy worries BYD SEAL 2023 Test Drive Day Record second-quarter sales numbers ...