New Energy Vehicle Financial Analysis and ROI- based Valuation: A Case Study of BYD
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i2.3946
Abstract
In recent years, the global commitment to sustainable development has significantly elevated the strategic importance of new energy development worldwide. Driven by government incentives and subsidies, consumer demand for new energy vehicles (NEVs) has experienced exponential growth. As a leading new energy vehicle company, BYD occupies a large market share, so it is of great significance for studying BYD. This paper reformulates the company’s income statement and assesses accounting quality, conduces financial analysis, prospective analysis, and applied residual operating income valuation model based on data from 2019-2023 and then provides a investment recommendations and conclusion remarks for investors. Overall, our study is not only helps understand the overall development trend of the NEVs industry, but also provides valuable references for government decision- making, corporate strategy, and industry judgement.
Keywords
new energy vehicle, financial analysis, ROI model, BYD
Full Text
PDF - Viewed/Downloaded: 0 TimesReferences
[1] Dechow, P.M., Ge, W., Larson, C.R. and Sloan, R.G. (2011). Predicting material accounting misstatements. Contemporary accounting research, 28 (1), 17-82.
[2] Edwards, E. O., & Bell, P. W. (1961). The theory and measurement of business income. University of California Press.
[3] Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661-687.
[4] Yan, Y. (2022). Research on enterprise valuation and risk of BYD. Progress in Applied Mathematics, 11(12), s15.
[5] Lai, Y., Li, D., Luo, Y., & Wu, G. (2023). Analysis of enterprise valuation and future development trends of BYD Company. Journal Name, Volume(1), 440-449.
[6] Penman, S. H. (2012). Financial statement analysis and security valuation (5th ed.). McGraw-Hill Education.
[2] Edwards, E. O., & Bell, P. W. (1961). The theory and measurement of business income. University of California Press.
[3] Ohlson, J. A. (1995). Earnings, book values, and dividends in equity valuation. Contemporary Accounting Research, 11(2), 661-687.
[4] Yan, Y. (2022). Research on enterprise valuation and risk of BYD. Progress in Applied Mathematics, 11(12), s15.
[5] Lai, Y., Li, D., Luo, Y., & Wu, G. (2023). Analysis of enterprise valuation and future development trends of BYD Company. Journal Name, Volume(1), 440-449.
[6] Penman, S. H. (2012). Financial statement analysis and security valuation (5th ed.). McGraw-Hill Education.
Copyright © 2025 Yuchen Yao
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
