spark411 Posted August 9, 2018 Share Posted August 9, 2018 Thanks for educating us on the existence of this company and the ticker symbol. Link to comment Share on other sites More sharing options...
Liberty Posted August 14, 2018 Share Posted August 14, 2018 https://arstechnica.com/cars/2018/08/are-diesels-days-numbered-a-view-from-a-trip-to-byds-electric-bus-factory/ Link to comment Share on other sites More sharing options...
Gregmal Posted August 23, 2018 Share Posted August 23, 2018 Bought a starter here tonight at 42. I think it's starting to make sense to pivot outside the US a little bit. China related stuff has been beat down a bit, and unless you are part of the liberal doomsday group, we all know the trade wars will eventually end. Sold this. Can't argue with 15%+ in under two weeks. Better lucky than good. Still think reducing US exposing would be wise. Canada looking intriguing. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted August 23, 2018 Share Posted August 23, 2018 BYD: "Hey we'll sponsor your world-class football team" Arsenal: "Cool, let's announce it" BYD: "April Fools! It's a trick, or a trap, or something. And now everyone is confused, including us." https://technode.com/2018/08/23/byd-globalization-skepticism/ Link to comment Share on other sites More sharing options...
Jurgis Posted August 23, 2018 Share Posted August 23, 2018 BYD: "Hey we'll sponsor your world-class football team" Arsenal: "Cool, let's announce it" BYD: "April Fools! It's a trick, or a trap, or something. And now everyone is confused, including us." https://technode.com/2018/08/23/byd-globalization-skepticism/ WTF :o Link to comment Share on other sites More sharing options...
MrB Posted August 24, 2018 Share Posted August 24, 2018 Any potential investor in BYD Elec should look into the intercompany loan provided to BYD a few years ago. Essentially BYD sucked out a bunch of cash from BYD Elec at below market interest rates. Link to comment Share on other sites More sharing options...
ValuePadawan Posted November 20, 2019 Share Posted November 20, 2019 BYD is at multi year lows with the Chinese car market in a downturn, this has certainly caught my attention. In comparison to other EV companies it seems much less expensive on a variety of metrics. Is this making anyone else's trigger finger start to itch? Link to comment Share on other sites More sharing options...
RadMan24 Posted November 22, 2019 Share Posted November 22, 2019 They are in EV production, but in the downdraft, they are being aggressive in lithium batterie, mono rail, information technology, so you're getting more than just EVs. In other words, it has compounding potential if those bets pay off hugely. Link to comment Share on other sites More sharing options...
ValuePadawan Posted November 22, 2019 Share Posted November 22, 2019 I have been disappointed that they haven't had any Skyrail projects of substance other than the one at BYD HQ in Shenzen and the one in Yichuan I know they have signed a few MOU but my understanding is they are off to a slow start. If anyone has heard anything else concerning their Skyrail project please correct me. Also if I'm not mistaken the current price is less than when Charlie bought some in 2017 now I just have to try to work out how he sees intrinsic value. Link to comment Share on other sites More sharing options...
ValuePadawan Posted January 13, 2020 Share Posted January 13, 2020 Ok what is happening that warrants + >12% is it just that they appointed Kevin Wale a senior advisor? Link to comment Share on other sites More sharing options...
A Dhandho Investor Posted January 13, 2020 Share Posted January 13, 2020 Ok what is happening that warrants + >12% is it just that they appointed Kevin Wale a senior advisor? No, all electric car stocks are soaring following this news: https://finance.yahoo.com/news/electric-car-stocks-jump-china-051012988.html Link to comment Share on other sites More sharing options...
kh812000 Posted October 13, 2020 Share Posted October 13, 2020 BYD has been roaring back this year and last night guides to 129% net profit improvement on the back of its new HAN BEV which drove total EV +45%y/y... Surprised no one is talking about it here... Perhaps one day it will get a TSLA like multiple as it is in many ways ahead of them... ====================== Bloomberg News Story 10/13/2020 00:10:32 [YIC] China Business News China's BYD Dreams Bigger by Expecting Double Profit Over Three Quarters (Yicai Global) Oct. 13 -- Chinese automaker BYD has hiked its profit growth forecast for the first three quarters of this year due to a strong rebound in new energy vehicle sales. Net profit could rise as much as 129 percent to a point between CNY3.4 billion and CNY3.6 billion (up to USD533.6 million) amid the country's improving control over the Covid-19 epidemic, the Shenzhen-based company said in a statement yesterday. It had previously suggested as high as a 91 percent profit jump. Two models should mainly drive the growth. BYD's new flagship brand Han has become a bestseller in the domestic high-end NEV market while the firm's redesigned flagship model Tang has also sold well. Last month, BYD sold 42,200 vehicles, an increase of 4 percent from a year earlier. Meanwhile, NEV sales surged 45 percent to 19,900 units. But volume was still down. Over the first nine months, the firm sold 269,000 units, 20 percent down from a year ago. NEV sales slid 42 percent to 110,900 units. But the declines were narrower than those of the eight months ended in August. The company has diversified its business to enhance profitability. Its mobile phone components and assembly business has garnered more major clients while shipments of smart products have increased. The firm didn't mention how its face mask business was performing. Link to comment Share on other sites More sharing options...
deadspace Posted October 13, 2020 Share Posted October 13, 2020 Profits have jumped up and down here for years .... Their return on equity has been not great and cars sold were declining but now back up again. Will this be sustainable? Tons of debt This doesn’t sound like a healthy company? Link to comment Share on other sites More sharing options...
kh812000 Posted October 13, 2020 Share Posted October 13, 2020 One has to actually do the due dilligence to see what the core reasons are for profit inconsistency and whether it implies the business is "unhealthy" or not. Complex stories in fact deter most who want the simple and obvious, which also means investing at an expensive price... This is a value investing board so I do expect more... Value isnt high ROE, or frankly any of the "value metrics" low P/B, or low P/E or high FCF yield etc. that is too obvious and simple and very dead. Computers can do that and have squeezed out all of the juice of that lemon. That wasnt really value investing but was just simply inequitable information distribution... BYD is expanding across Li batteries, EV cars, car assembly, EV busses, Power grid, etc. These are the minimum table stakes to reach the ultimate end state beyond the legacy archaic fossil fuel/power plant ecosystem. While it does take time, money, and sweat/tears to develop, the fruits of the labor will be clearly apparent as will the huge moat.... But of course by then it wont be a "value" stock anymore... Link to comment Share on other sites More sharing options...
deadspace Posted October 13, 2020 Share Posted October 13, 2020 Sounds like a story stock. Got it ! Problem is they are in a space prone to commoditized products It would be nice to see them make a return on equity. But as long as you can imagine it that works also. It’s just more prone to error Link to comment Share on other sites More sharing options...
petec Posted October 14, 2020 Share Posted October 14, 2020 One has to actually do the due dilligence to see what the core reasons are for profit inconsistency and whether it implies the business is "unhealthy" or not. Complex stories in fact deter most who want the simple and obvious, which also means investing at an expensive price... This is a value investing board so I do expect more... Value isnt high ROE, or frankly any of the "value metrics" low P/B, or low P/E or high FCF yield etc. that is too obvious and simple and very dead. Computers can do that and have squeezed out all of the juice of that lemon. That wasnt really value investing but was just simply inequitable information distribution... BYD is expanding across Li batteries, EV cars, car assembly, EV busses, Power grid, etc. These are the minimum table stakes to reach the ultimate end state beyond the legacy archaic fossil fuel/power plant ecosystem. While it does take time, money, and sweat/tears to develop, the fruits of the labor will be clearly apparent as will the huge moat.... But of course by then it wont be a "value" stock anymore... Could you elaborate on the huge moat? Off topic, but I’m not sure about that computers have squeezed the juice out of the value metric lemon. There are plenty of low p/BV, high fcf stocks out there. They haven’t been discovered by computers or the price gaps would have gone. They just haven’t been bought by all the etfs. Link to comment Share on other sites More sharing options...
coc Posted October 14, 2020 Share Posted October 14, 2020 TIL buying a company with a high ROE and a low P/E is "dead" and "not value" and "discovered by computers". I guess the computers missed Mastercard in 2010 when it was growing at 20%/yr and trading for 16x earnings and Apple in 2015 was trading for 10x earnings with a nearly infinite ROE, etc. No, it's not computers, it's still judgment. Computers don't know the difference between Apple at 10x earnings and FOSL at 10x earnings and why they're different. Some money managers don't either but some do. anyways, BYD. Link to comment Share on other sites More sharing options...
Fitz Posted October 15, 2020 Share Posted October 15, 2020 I think it's a story as much as a numbers game with this one... You would have a hard time valuing any business that is looking to grow revenue 10x from 2017-2025 as they are borrowing and investing most of their earnings into capacity expansion at home and abroad that will take some time to pay off. If you look at it very simply it is the lowest cost provider of 3 rapidly growing markets EV's, energy storage, battery manufacture. They are also lead by an outstanding CEO in Wang Chuan Fu. If you look at Mr. Fu's history he has been out in front of all of these segments, and what they have done in the auto manufacturing space is insane, reminds me of SpaceX. They make 100% of the components that go into there vehicles, completely vertically integrated. They manufacture all their own batteries and will likely spin that business of in the near term to provide EV batteries to many other auto manufacturers. They own 2 Lithium mines, before it was a cool thing to do :) BYD has looked up and down the line at all the segments they are in and done a really great job of eliminating excess. They will also be a (or thee) major competitor in the E-Truck/Bus/Forklift market which plays well for BYD as these are far more commodity markets than consumer auto's. I am a big fan of this company, its a large position but I have not been adding of late, you have to ask yourself if 120x depressed 2020 earnings is a bargain, and none of the numbers will give you that IMHO. Link to comment Share on other sites More sharing options...
johnny Posted October 15, 2020 Share Posted October 15, 2020 They are also lead by an outstanding CEO in Wang Chuan Fu. If you look at Mr. Fu's history Mr. Wang ;) Link to comment Share on other sites More sharing options...
RadMan24 Posted January 5, 2021 Share Posted January 5, 2021 December electric battery sales fire. https://www.byd.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1600575160812%26ssbinary%3Dtrue Domestic ipo for byd semi https://www.byd.com/sitesresources/common/tools/generic/web/viewer.html?file=%2Fsites%2FSatellite%2FBYD%20PDF%20Viewer%3Fblobcol%3Durldata%26blobheader%3Dapplication%252Fpdf%26blobkey%3Did%26blobtable%3DMungoBlobs%26blobwhere%3D1600575159736%26ssbinary%3Dtrue Li Lu owns about 2% of byd semi Link to comment Share on other sites More sharing options...
ValueMaven Posted January 6, 2021 Share Posted January 6, 2021 This has been a monster homerun for Berkshire Hathaway Energy. They are up about $6B Link to comment Share on other sites More sharing options...
Fitz Posted January 6, 2021 Share Posted January 6, 2021 Think the main benefit of spinning out the Semiconductor unit is for state sponsored support and financing or to be more competitive selling IGBT transistors to a wide range of other EV producers? Link to comment Share on other sites More sharing options...
DooDiligence Posted January 22, 2021 Share Posted January 22, 2021 www.wsj.com/articles/buffett-backed-byd-sells-3-9-billion-of-shares-as-ev-stocks-electrify-11611214278 BYD Co. , a Chinese car maker backed by Warren Buffett, raised $3.9 billion from a stock sale, joining peers in capitalizing on investors’ bullishness about new-energy vehicles. The deal marks BYD’s biggest equity financing since it listed in Hong Kong in 2002. The company, whose stock also trades in Shenzhen, makes electric cars, batteries, plug-in hybrids and fossil-fuel-powered vehicles. Investor enthusiasm about green cars and breakthroughs in battery technology have sent the company’s stock soaring, making it more attractive for BYD to raise new funds. BYD stock in Hong Kong has more than quintupled in a year, giving it a market capitalization of $91 billion. That is roughly in line with NIO Inc., a newer Chinese rival, and compares to an $806 billion market cap for Tesla Inc., according to FactSet. Other electric-car makers have also tapped equity markets for funds as they race to secure a bigger slice of the growing sector. Chinese competitor Xpeng Inc. in December raised $2.5 billion from a follow-on offering of American depositary receipts, while NIO has raised more than $4.5 billion in December and January by selling ADRs and convertible bonds. A unit of Warren Buffett’s Berkshire Hathaway Inc. has held a stake in BYD since 2008. As of June 2020, Berkshire held 8.25% of BYD, or nearly 25% of its Hong Kong-listed stock, according to BYD’s half-year report. Link to comment Share on other sites More sharing options...
SouthernYankee Posted January 28, 2021 Share Posted January 28, 2021 Will BYD look to bring their cars to the United States and Canada markets? Link to comment Share on other sites More sharing options...
dabuff Posted April 1, 2021 Share Posted April 1, 2021 Any thoughts on the present valuation of the company? Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now