BYDDF - BYD Company Limited

Other OTC - Other OTC Delayed Price. Currency in USD
6.03
+0.01 (+0.17%)
At close: 3:20PM EDT
Stock chart is not supported by your current browser
Previous Close6.02
Open6.02
Bid0.00 x 0
Ask0.00 x 0
Day's Range6.01 - 6.05
52 Week Range5.16 - 7.60
Volume61,025
Avg. Volume108,915
Market Cap17.208B
Beta (3Y Monthly)1.26
PE Ratio (TTM)43.38
EPS (TTM)0.14
Earnings DateN/A
Forward Dividend & Yield0.03 (0.49%)
Ex-Dividend Date2019-06-11
1y Target EstN/A
Trade prices are not sourced from all markets
  • Do Not Hope for a Dramatic Comeback in Nio Stock
    InvestorPlace6 days ago

    Do Not Hope for a Dramatic Comeback in Nio Stock

    Nio (NYSE:NIO) continues to fall further into penny-stock status. Once compared to American automaker Tesla (NASDAQ:TSLA) as the "Tesla of China," Nio stock now struggles to survive.Source: Shutterstock A deal NIO has made with a government-owned organization may keep it from going to zero. However, investors should not buy at these low levels hoping it will become the next Chinese Tesla or Ford (NYSE:F). It's All About the NumbersWith a Nio stock price now just hovering above $2.50 per share, shares are cheap. However, there's a reason for this extreme discount. I do not say that because I made a mistake in referring to NIO as a "possible trade" about one month ago. It also has little to do with the fact that I constantly remind traders that so-called Chinese stocks are actually Cayman Islands-based holding companies who represent Chinese firms.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor me, it comes down to numbers. Sales of its electric vehicles (EVs) fell by about 54.6% between the fourth quarter of last year and Q1. Also, the company sold only 5,113 cars in the first four months of 2019. Sales of 1,124 vehicles in April make up only a small fraction of the 45,197 EVs sold in China. NIO faces More Competition than TeslaUnlike Tesla in the U.S., NIO faces heavy competition at home. It lags BYD Auto (OTCMKTS:BYDDF) in sales. BYD benefits from the interest of Warren Buffett as Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) bought a 25% stake in the company 11 years ago. Yes, Nio stock may have beaten its Chinese peers to the U.S. equity markets. Still, it's lost nearly 60% of its value from the initial public offering of $6.25 per share back in September. * 5 Stocks to Buy for $20 or Less Worse, conditions appear unfavorable for the entire EV sector. Tesla has lost over 40% of its value since the early summer of 2017. Moreover, investors should remember that even the largest, best-established players have not prospered.Recall that General Motors (NYSE:GM) experienced a bankruptcy 10 years ago. Since the current GM stock launched its IPO in 2010, shares have seen little appreciation. Nio Stock Should Survive but Do Little ElseAdmittedly, Nio stock offers just enough hope to investors that someone who wants to see this as a buy will continue to do so. The trade war has hammered the Chinese economy. If negotiators come up with a face-saving way out for China, that could help NIO. Moreover, the company blew away revenue estimates in the last quarter, and losses came in 13 cents per share less than expected. One analyst even predicts that the company will turn profitable in 2021.It also appears unlikely to fall to zero. As our own Dana Blankenhorn points out, Nio entered into a joint venture with GAC, the Chinese state car company. Blankenhorn rightly describes this as a "government bailout" as this means China will provide $1.45 billion to bolster the relationship. However, it will take more than a bailout to make Nio stock a profitable investment.Still, the most misleading appeal may come down to false hopes. Many investors dream of buying a penny stock that stages a dramatic comeback a few years down the line. I do not necessarily discourage such speculation with a small part of one's portfolio. However, while I expect some stocks will trade well above their current levels, autos probably won't enjoy such robust speculation. Final Thoughts on Nio StockThose hoping for outsized gains from low-priced equities will likely not profit from Nio stock. Yes, NIO operates in the same sector that has led TSLA to massive gains. However, times have changed in the EV sector and in the auto industry overall. Even Tesla stock has begun to suffer.Yes, the investment from the Chinese state automaker could avert a bankruptcy. However, survival is not prosperity. For Nio stock to deliver outsized long-term gains, it will not only have to become profitable, but must become China's market leader in EV. That's something it has never done.NIO will also have to bring long-term profits for investors. While it may turn a profit at some point, historical industry facts indicate consistent profitability is a serious challenge.Those who want to set aside a portion of their portfolio for speculation should do so. However, I would not expect those gains to come from Nio stock or any equity in this industry.As of this writing, Will Healy is long BRK.B stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 5 Red-Hot IPO Stocks to Buy for the Long Run * 5 Stocks to Buy for $20 or Less * 4 Dow Jones Stocks Ready to Rise Compare Brokers The post Do Not Hope for a Dramatic Comeback in Nio Stock appeared first on InvestorPlace.

  • Sell Nio Stock, Buy Luckin Coffee Stock
    InvestorPlace12 days ago

    Sell Nio Stock, Buy Luckin Coffee Stock

    Investors looking for a good Chinese growth stock should buy Luckin Coffee (NASDAQ:LK).Source: Shutterstock And anyone who has bought the shares of Chinese electric-vehicle maker Nio (NYSE:NIO) should dump their Nio stock and buy Luckin Coffee stock instead. Luckin Coffee Stock Is Everything That Nio Stock Is NotLuckin Coffee stock has all the characteristics of an excellent growth stock. Luckin is growing rapidly, has created a product that millions of people love, isn't facing tough competition, can easily grow a lot more and can quickly become profitable.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLuckin's revenue jumped from $12.9 million in the first quarter of 2018 to $478.5 million in Q1 of 2019. Clearly, its products are resonating with millions of people in China. According to KeyBanc, the company "provides quality coffee at almost half the prices seen on the menus of Starbucks Corporation (NASDAQ:SBUX) and the British brand Costa Coffee." * 7 Stocks to Buy for the Coming Recession Another research firm, Needham, believes Luckin has a huge growth opportunity. The firm wrote that Luckin is "disrupting the coffee industry in China … and gaining market share in China's coffee market which is characterized by rapid growth," Investor's Business Daily reported. Needham started Luckin Coffee stock with a "buy" rating, while KeyBanc initiated it with an "overweight" rating. Importantly, Luckin Coffee looks well-positioned to become profitable, especially given its rapid top-line growth. In 2018, the company generated a gross profit of $308.5 million. Although its high total operating expenses of $2.4 billion prevented it from being in the black overall, the impact of the operating expenses -- many of which are fixed costs like paying executives and conducting R&D -- on its bottom line will decrease as revenue grows.Conversely, as InvestorPlace columnist Vince Martin pointed out in a piece published earlier this month, Nio is facing very tough competition, and its deliveries plunged nearly 50% in the first quarter versus the previous quarter. NIO itself has warned that its competition is becoming more formidable, even though, as Martin noted, its "market share is miniscule."Indeed, the company is competing against at least eight other electric-vehicle makers, including BYD (OTC:BYDDF), which obtained an investment from Warren Buffett, and BAIC, which is owned by the government of China. Additionally, foreign automakers, including Tesla (NASDAQ:TSLA), GM (NYSE:GM), Volkswagen (OTC:VLKAF), and Ford (NYSE:F), are preparing to sell electric vehicles in the Chinese market.In three of the last four quarterly results reported by Nio, the company's gross profit has been meaningfully negative, so it's nowhere near being profitable. Given that stat, along with Nio's tough competition and the fact that its revenue dropped meaningfully last quarter, I agree with Martin's warning that Nio stock price could easily hit zero. Luckin Stock Is a Much Better Buy Than NIO StockDespite the tremendous disparity between the companies' performance and outlook, Luckin Coffee stock is not that much more expensive than Nio stock. Luckin looks much more expensive on the surface because its price is over $18 per share and Nio stock price is barely above $2 per share. But Luckin Coffee stock has a market cap of $4.14 billion, while the market cap of Nio stock is $2.75 billion. The enterprise value-sales ratio of Luckin Coffee stock is a bit over three, while that of Nio stock is a bit under two. In other words, even though Luckin's business is so much better positioned than that of Nio's, Nio stock isn't much cheaper than Luckin Coffee stock. The Bottom Line on Luckin Coffee Stock and Nio StockLuckin's business is booming and the company faces very little competition -- it will soon be profitable.Nio's business is weakening, it faces intense competition, and it isn't going to be profitable anytime soon. * 7 High-Quality Cheap Stocks to Buy With $10 Luckin's outlook is very strong, while NIO has a good chance of going belly-up. And, yet, Luckin Coffee stock isn't that much more expensive than Nio stock. Clearly, investors looking for a Chinese growth name should dump Nio stock and buy Luckin Coffee stock.As of this writing, Larry Ramer did not own any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for the Coming Recession * 10 Smart Dividend Stocks for the Rest of the Year * 5 Tech Stocks That Are Far Too Risky Right Now Compare Brokers The post Sell Nio Stock, Buy Luckin Coffee Stock appeared first on InvestorPlace.

  • China, not Tesla, is driving the electric-car revolution
    MarketWatchlast month

    China, not Tesla, is driving the electric-car revolution

    The electric vehicle revolution is coming, but it won’t be driven by the U.S. Instead, China will be at the forefront. The shift is already happening in China, which is the world’s largest automobile market, with 23 million cars sold in 2018. Many of them are buying electric cars.

  • Reuters2 months ago

    Chinese electric car maker BYD's first-quarter profit up 632 percent, sees first-half profit up

    The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 percent. Profit surged to 749.73 million yuan ($111.4 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles. BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year.

  • Reuters2 months ago

    Chinese electric car maker BYD's Q1 profit up 632 pct, sees H1 profit up

    The Shenzhen-based car and battery maker, which has a joint venture with Daimler AG in China, said last month it expected first-quarter profit to rise by up to nearly 800 percent. Profit surged to 749.73 million yuan ($111.4 million), up from just 102.4 million yuan a year ago, when its earnings fell sharply due to cuts to subsidies for electric vehicles. BYD said it expected half-year net profit to rise to 1.45 billion yuan to 1.65 billion yuan, versus 479.1 million yuan in the same period last year.

  • Trackloop Investor Update
    PR Newswire2 months ago

    Trackloop Investor Update

    Thank you for your continued support of Trackloop. The last six months have been full of exciting developments and growth for the Company. In an effort to keep our shareholders well-informed, going forward Trackloop will be publishing a quarterly newsletter highlighting operational activities and corporate developments.

  • Worried about nickel supply, China battery maker BYD welcomes JV discussions
    Reuters2 months ago

    Worried about nickel supply, China battery maker BYD welcomes JV discussions

    Securing enough nickel is a major worry for electric vehicle firms, an executive from Chinese electric car and battery maker BYD Co Ltd said on Thursday, adding that the company would welcome joint ventures that help guarantee supply. Nickel is one of several metals that are key components of electric vehicle (EV) batteries. A shift in battery chemistry toward higher nickel content, which would allow cars to go further on a single charge, is expected to boost demand further.

  • Reuters3 months ago

    BRIEF-BYD Says It Sold More Vehicles In March And Q1 From Year Earlier

    April 8 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 46,825 VEHICLES IN MARCH VERSUS 43,166 VEHICLES YEAR EARLIER * SAYS IT SOLD 117,578 VEHICLES IN Q1, UP 5.2 PERCENT Y/Y Source text in Chinese: https://bit.ly/2Ig1Lad ...

  • Reuters3 months ago

    BRIEF-BYD Electronic International Posts FY Profit Attributable RMB2.19 Bln

    March 27 (Reuters) - BYD Electronic International Co Ltd : * FY PROFIT ATTRIBUTABLE RMB 2.19 BILLION VERSUS RMB2.58 BILLION * FY REVENUE RMB41.05 BILLION VERSUS RMB38.77 BILLION * PROPOSED FINAL DIVIDEND ...

  • Reuters4 months ago

    BRIEF-BYD Sold 26,833 Vehicles In Feb, Up From 26,273 Vehicles Year Earlier

    March 7 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 26,833 VEHICLES IN FEB VERSUS 26,273 VEHICLES YEAR EARLIER Source text in Chinese: https://tinyurl.com/yxvc4kvf Further company coverage: (Reporting by Hong ...

  • Don’t Buy Into Nio’s 60 Minutes Hype As It Seeks Musk-Level Media
    InvestorPlace4 months ago

    Don’t Buy Into Nio’s 60 Minutes Hype As It Seeks Musk-Level Media

    Chinese electric vehicle company Nio (NYSE:NIO) has described itself as the Tesla (NASDAQ:TSLA) killer. Since the company's U.S. initial public offering last year, NIO stock hasn't exactly knocked Tesla off the pedestal just yet. But a recent 60 Minutes feature is giving Nio a huge new burst of attention.Source: Shutterstock If Nio is to become a Tesla-killer, it needs a ton of media spotlight. Undoubtedly, Tesla wouldn't have ever reached its heights, either as a stock or a pop culture phenomenon, without the media's unrelenting coverage of Elon Musk. Tesla has become a classic story stock where the vision has run far ahead of its financial success, at least to date.Now Nio is offering investors a similar compelling story. Let's take a look.InvestorPlace - Stock Market News, Stock Advice & Trading Tips An Electric Car LifestyleNio doesn't disguise its ambitions. In its interview with 60 Minutes, founder William Li said that Nio isn't really a car company but instead views itself as a lifestyle company. That's certainly a wise strategy for building a brand. A company like Apple (NASDAQ:AAPL) has dominated in tech hardware -- a sector which features notoriously fickle consumers -- because the Mac maker is selling much more than just a phone or tablet. It is selling an image which allows consumers to feel like they are part of a better and more enlightened part of society. Similarly, Starbucks (NASDAQ:SBUX) brewed success by generating an enticing feeling for its customers, even if its coffee doesn't taste particularly better than the competition. * 10 Blue-Chip Stocks to Lead the Market So what's Nio's strategy to become more than just another car manufacturer in a crowded field? The Shanghai-based company offers some features, such as an exclusive app and social network that only Nio owners are a part of.More interestingly, Nio is building members-only clubs on top of their dealerships. These are called Nio Houses. They are intended to give younger Chinese consumers access to a more pampered lifestyle. Benefits include classes in things such as espresso making, along with places for kids to play, and areas for folks to hang out and make friends with each other. As an American, it's hard to judge how well this concept will catch on in China.However, private clubs -- such as those based around golf courses -- have a long history of promoting social bonds within upper-class communities and charging dearly for the experience. Given China's incredibly dense urbanization, a traditional community club approach would probably not work so well given the shortage of land. So perhaps something like the Nio House will be the right concept in its place. How Will Nio Pay For This?Like with Tesla, Nio will face challenges trying to turn vision into reality. They are anticipating only selling something in the neighborhood of 40,000 cars this year. It'd be hard to generate much profit at that level of scale even if the company had modest overhead. Instead, it is locating in some of the most expensive real estate in Beijing, Shanghai, and other Tier 1 cities for its Nio Houses. Costs to operate this sort of model will be high.Now you can say that the Nio Houses essentially serve as marketing for the vehicles, and they'll make back their costs and more with car sales. But it will take a lot more than 40,000 vehicles a year to reach a strong financial state.It's also worth remembering that the Chinese auto market is brutally competitive. Just within Chinese electric vehicles, you have leaders like BYD Company (OTCMKTS:BYDDF) which is backed by Berkshire Hathaway (NYSE:BRK.B). And that's to say nothing of all the competition coming from traditional automakers and Tesla. You should also consider that even with China's new prosperity, the country's GDP per capita is still less than $10,000. This suggests that China's market for Nio's $60,000 vehicle is likely far smaller than for Tesla and other luxury EVs in the United States.At this point, Nio has a little more than $1 billion in cash, however it is burning through something like $300 million of that stockpile with each successive quarter. Do the math, and you'll see that Nio will need more money. The IPO gave it some funds, but they'll need plenty more. Remember that Nio doesn't do their own manufacturing at this point, instead it contracts out. Presumably, assuming they keep ramping up, they'll eventually need to build out their own factories, which will require yet more capital. NIO Stock VerdictWhile Tesla has been able to avoid as much dilution as its critics feared by using the debt market, I doubt this avenue will be so easily available to Nio, at least at this stage in its growth story. Instead, that means that they will likely need to issue more NIO stock, and lots of it, to keep funding the growth story. * 7 IPOs to Get Excited for in 2019 With NIO stock up more than 30% since early December, look for a serious round of selling coming up. For one thing, the stock lock-up from the initial IPO expires March 11. That will be one catalyst that should lead to this rally breaking down. Nio's market cap is already closing in on $8 billion for a company. That's a huge number for a company with such a small sales base that is losing tons of money.If you bought into NIO stock before the 60 Minutes story, congratulations. This is the time to take some profits. You will probably be able to buy Nio shares back at $7 or $8 again in a few weeks once people forget about this round of publicity.At the time of this writing, Ian Bezek owned BRK.B stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 STARS Stocks That Continue to Define the Future * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio * 5 Real Estate Stocks to Buy for Dividend Income Compare Brokers The post Don't Buy Into Nio's 60 Minutes Hype As It Seeks Musk-Level Media appeared first on InvestorPlace.

  • Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition
    Reuters4 months ago

    Chinese EV maker BYD says 2018 preliminary profit down 31 percent, blames competition

    Chinese electric vehicle maker BYD Co Ltd reported preliminary net profit for 2018 that was 31.4 percent lower than a year earlier, pinning the blame on intensifying competition in the world's biggest auto market. The result comes as China's market for new energy vehicles is booming, but profit in the sector is being squeezed by competition between established automakers and a multitude of startups, as well as the government's reduction of subsidies. Profit likely fell to 2.79 billion yuan ($416.5 million) from 4.07 billion yuan, as slowing auto sales across China increased competitive activity among car makers and hit the profitability of the fuel vehicle business, BYD said in a filing to the Hong Kong stock exchange late on Tuesday.

  • Reuters4 months ago

    BRIEF-BYD Electronic International Co Expects FY Profit Attributable To Decline

    Feb 26 (Reuters) - BYD Electronic International Co Ltd : * IT IS EXPECTED THAT PROFIT ATTRIBUTABLE FOR FY 2018 WILL BE REDUCED BY APPROXIMATELY 13% TO 16% * EXPECTED RESULT DUE TO IMPACT OF DOWNTURN IN ...

  • Buffett’s China Ride Is Losing Power With Investors
    Bloomberg4 months ago

    Buffett’s China Ride Is Losing Power With Investors

    Surely, BYD Co. has all the ingredients of a winning electric-car maker? The company’s Hong Kong-traded stock has fallen more than 30 percent in the past year and even declined after BYD posted a 290 percent jump in January electric-vehicles sales from a year earlier to 28,668 units. To explain the disconnect, look at BYD’s dependence on government policies, a battery business that’s losing market share, and a failure to respond swiftly enough to changes in consumer demand.

  • Reuters4 months ago

    BRIEF-BYD's Jan Vehicle Sales Up 3.74 Pct Y/Y

    Feb 13 (Reuters) - BYD Co Ltd: * SAYS IT SOLD 43,920 VEHICLES IN JAN * SAYS JAN VEHICLE SALES UP 3.74 PERCENT Y/Y Source text in Chinese: https://bit.ly/2STe9T0 Further company coverage: (Reporting by ...