BYD’s second-quarter automobile revenue dropped 4% year on year due to sluggish sales volume. With export growth offsetting domestic weakness, vehicle margin remained stable sequentially. Net profit rose 30% even with a lackluster handset components business and foreign exchange headwinds.
BYD’s leadership in in-house battery and plug-in technology will differentiate its products from competitors and ensure the success of its future models, including both electric vehicles and PHEVs.
Rising competition will place heavy pricing pressure on automakers. As a mass-market brand, BYD will need to offer aggressive promotions and discounts to consumers, which will weigh on its vehicle margin outlook.
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Metric
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01211
|
NIO
|
LI
|
|---|---|---|---|
Price/Earnings (Normalized) | 20.74 | — | 33.29 |
Price/Book Value | 2.49 | 14.24 | 1.15 |
Price/Sales | 0.80 | 0.51 | 0.77 |
Price/Cash Flow | 5.31 | — | — |
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Metric
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01211
|
NIO
|
LI
|
|---|---|---|---|
Quick Ratio | 0.39 | 0.68 | 1.57 |
Current Ratio | 0.87 | 1.02 | 1.81 |
Interest Coverage | 10.27 | −4.11 | −30.15 |
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Metric
|
01211
|
NIO
|
LI
|
|---|---|---|---|
Return on Assets (Normalized) | 3.80% | −3.39% | −2.46% |
Return on Equity (Normalized) | 14.99% | −135.01% | −5.24% |
Return on Invested Capital (Normalized) | 9.68% | −9.12% | −5.69% |
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1-Day Chart
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Morningstar Rating for Stocks
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United States