Analyse BYD stock

Plausibility check: confirmed.
Current price 9.54 EUR implies an upside of around 44% up to 13.78 EUR. Despite the high cyclicality, this is still plausible for BYD because the valuation of P/E ratio 15.26 does not seem demanding for a large EV/battery manufacturer and the price target is only just below the 52-week high of EUR 14.80.
Quantitative: The target is within a reasonable range of historical valuation and peer multiples and a simplified growth/return approach. Compared to global car manufacturers, BYD tends to be justified with a valuation premium due to higher growth rates and vertical integration; Compared to EV peers,...