PerpEquities

BYD Company (BYDCO) financials

HKSE · Consumer Cyclical · Auto - Manufacturers · 869,622 employees · CEO Chuan Fu Wang

Price
HK$68.25 -0.58%
Market cap
HK$622B
Enterprise value
CN¥915B
Last report
Q3 '26 filed 2026-09-30
Next report
2027-03-30
Revenue (TTM)CN¥804B-4.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)4.4%-1.2 pp vs a year agoOperating income CN¥35.6B
Net income (TTM)CN¥31.6B-17.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)-CN¥56.4B-122.7% vs a year agoCapex CN¥130B
Diluted EPS (TTM)CN¥3.47-20.1% vs a year agoSum of the last 4 quarters
Net cash-CN¥130B-357.6% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
HK$622B
EV CN¥915B
Revenue
CN¥804B
Trailing 12 months
Revenue growth
+11%
FY2026 consensus
Profit margin
3.9%
Net income / revenue, TTM
P/E
23.5×
P/S
0.9×
Price / sales, TTM
EV / EBITDA
11.9×
TTM
Free cash flow
-CN¥56.4B
Trailing 12 months
Net income
CN¥31.6B
Trailing 12 months
Revenue estimate
CN¥890B
FY2026 consensus
Earnings
2027-03-30
Dividend
HK$0.41
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Revenue growth accelerating: 13.6% year on yearQ3 '26 revenue CN¥221B, against an average of -7.9% over the four quarters before.
  • Operating margin 4.4% (TTM), -1.2 pp on a year agoOperating income grew -25.4% while revenue grew -4.4%.
  • Capex 16.1% of revenue (a year ago 17.1%)CN¥130B invested in the last 4 quarters (-9.8% on a year earlier). Free cash flow -CN¥56.4B = -178.4% of net income.
  • Diluted share count down 0.1% in a year9.11B diluted shares in Q3 '26, 9.12B a year earlier.
  • Net debt CN¥130BCash + short-term investments CN¥71.7B, debt incl. leases CN¥201B; a year ago net cash CN¥50.4B.

Last quarter: Q3 '26

Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q3 '26Year agoChange
RevenueCN¥221BCN¥195B+13.6%
Gross margin18.0%18.2%-0.2 pp
Operating incomeCN¥9.54BCN¥10.2B-6.4%
Operating margin4.3%5.2%-0.9 pp
Net incomeCN¥10BCN¥7.82B+28.1%
Diluted EPSCN¥1.10CN¥0.86+27.9%
Operating cash flowCN¥17.7BCN¥9.41B+87.6%
CapexCN¥43.1BCN¥35.4B+21.9%
Free cash flow-CN¥25.5B-CN¥26B+1.9%
R&DCN¥13BCN¥14.2B-8.4%
Stock-based compensationCN¥0CN¥0–

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
CN¥73.3B
Capex
-CN¥130B
Buybacks
CN¥0
Dividends
-CN¥1.81B
Acquisitions
CN¥757M
Net debt issued
CN¥15.1B
Stock-based compensation
CN¥0
Free cash flow
-CN¥56.4B
Returned to shareholders / FCF
-3.2%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)23.5×59.1×18.1× – 204.8×
EV / EBITDA11.9×12.0×5.8× – 29.4×
EV / Sales1.1×1.3×0.8× – 2.8×
Price / FCF-13.2×16.4× 4 of 5 years11.4× – 22.2×
Price / Book3.0×4.4×3.1× – 6.6×
FCF yield-7.6%2.8%-12.6% – 8.8%
Return on invested capital5.5%9.7%3.0% – 14.1%
Return on equity13.1%15.0%3.2% – 21.7%

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026CN¥890B+10.7%CN¥4.22+17.8%–10
FY2027CN¥1.03T+15.6%CN¥5.44+29.0%–12
FY2028CN¥1.15T+12.2%CN¥6.53+20.2%–18
FY2029CN¥1.11T-4.1%CN¥4.45-31.9%–9
FY2030CN¥1.11T0.0%CN¥4.64+4.2%–8

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01 · Amounts in CNY as reported; price and market cap in HKD.