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Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China’s passenger vehicle market. The company sold about 3 million passenger NEVs in 2023, accounting for 33% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.
1995
703K+
LTM Revenue $111B
LTM EBITDA $14.5B
$149B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
BYD has a last 12-month revenue of $111B and a last 12-month EBITDA of $14.5B.
In the most recent fiscal year, BYD achieved revenue of $83.2B and an EBITDA of $11.4B.
BYD expects next 12-month revenue of XXX and NTM EBITDA of XXX
See BYD valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $83.2B | $105B | XXX | XXX | XXX |
| Gross Profit | $3.9B | $10.0B | XXX | XXX | XXX |
| Gross Margin | 5% | 9% | XXX | XXX | XXX |
| EBITDA | $11.4B | $13.8B | XXX | XXX | XXX |
| EBITDA Margin | 14% | 13% | XXX | XXX | XXX |
| Net Profit | $421M | $2.3B | XXX | XXX | XXX |
| Net Margin | 1% | 2% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of March 17, 2025, BYD's stock price is CNY 369 (or $51).
BYD has current market cap of CNY 1.12T (or $155B), and EV of CNY 1.08T (or $149B).
See BYD trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $149B | $155B | XXX | XXX | XXX | XXX | $2.01 |
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Sign UpAs of March 17, 2025, BYD has market cap of $155B and EV of $149B.
BYD's trades at 1.3x LTM EV/Revenue multiple, and 10.3x LTM EBITDA.
Analysts estimate BYD's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for BYD and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $149B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | XXX | XXX |
| EV/EBITDA | 10.8x | XXX | XXX | XXX |
| P/E | 28.4x | XXX | XXX | XXX |
| P/E/Growth | 1.1x | XXX | XXX | XXX |
| EV/FCF | 112.7x | XXX | XXX | XXX |
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Sign UpBYD's NTM/LTM revenue growth is 23%
BYD's revenue per employee for the last fiscal year averaged $0.1M, while opex per employee averaged $16K for the same period.
Over next 12 months, BYD's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate BYD's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for BYD and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 27% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 21% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 36% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.1M | XXX | XXX | XXX | XXX |
| Opex per Employee | $16K | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 7% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 14% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Traton | XXX | XXX | XXX | XXX | XXX | XXX |
| Ashok Leyland | XXX | XXX | XXX | XXX | XXX | XXX |
| TVS Motor | XXX | XXX | XXX | XXX | XXX | XXX |
| Bajaj Auto | XXX | XXX | XXX | XXX | XXX | XXX |
| Marcopolo | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
BYD acquired XXX companies to date.
Last acquisition by BYD was XXXXXXXX, XXXXX XXXXX XXXXXX . BYD acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was BYD founded? | BYD was founded in 1995. |
| Where is BYD headquartered? | BYD is headquartered in China. |
| How many employees does BYD have? | As of today, BYD has 703K+ employees. |
| Is BYD publicy listed? | Yes, BYD is a public company listed on SHE. |
| What is the stock symbol of BYD? | BYD trades under 002594 ticker. |
| When did BYD go public? | BYD went public in 2011. |
| Who are competitors of BYD? | Similar companies to BYD include e.g. Traton, Ashok Leyland, TVS Motor, Bajaj Auto. |
| What is the current market cap of BYD? | BYD's current market cap is $155B |
| What is the current revenue of BYD? | BYD's last 12-month revenue is $111B. |
| What is the current EBITDA of BYD? | BYD's last 12-month EBITDA is $14.5B. |
| What is the current EV/Revenue multiple of BYD? | Current revenue multiple of BYD is 1.3x. |
| What is the current EV/EBITDA multiple of BYD? | Current EBITDA multiple of BYD is 10.3x. |
| What is the current revenue growth of BYD? | BYD revenue growth between 2023 and 2024 was 27%. |
| Is BYD profitable? | Yes, BYD is EBITDA-positive (as of the last 12 months). |
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