比亚迪vs蔚来哪只更应买入？

金融界网站2020-10-30

股神巴菲特爱股比亚迪于过去一个月累升约4成，另一电动车股蔚来表现更为神勇，过去1年累升近20倍。当前何者更值得吸纳？比亚迪与蔚来同属电动汽车生产商，两者主要分别是一家录得盈利，而另一家则处于投资期仍未扭亏，不过市值高近对方1倍的是处于亏损的蔚来汽车（市值约370亿美元）。比亚迪已进入收成期比亚迪将首三季（1-9月）盈利指引上调至34亿至36亿元人民币，相等于反映第3季（截至9月）盈利指引上调至...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

点石成金者
2020-10-30
点石成金者
难怪你只能当记者

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2079564177?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/31b71d696bed7d7f2622aa052fa49f99","is_english":false,"pubTime":"2020-10-30 06:06","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2079564177","market":"us","top_or_hot":-1,"title":"比亚迪vs蔚来哪只更应买入？","media":"金融界网站","content":"<div>\n<p>股神巴菲特爱股比亚迪于过去一个月累升约4成，另一电动车股蔚来表现更为神勇，过去1年累升近20倍。当前何者更值得吸纳？比亚迪与蔚来同属电动汽车生产商，两者主要分别是一家录得盈利，而另一家则处于投资期仍未扭亏，不过市值高近对方1倍的是处于亏损的蔚来汽车（市值约370亿美元）。比亚迪已进入收成期比亚迪将首三季（1-9月）盈利指引上调至34亿至36亿元人民币，相等于反映第3季（截至9月）盈利指引上调至...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202010300607197b43a60b&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>比亚迪vs蔚来哪只更应买入？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n比亚迪vs蔚来哪只更应买入？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-10-30 06:06 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202010300607197b43a60b&s=b><strong>金融界网站</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>股神巴菲特爱股比亚迪于过去一个月累升约4成，另一电动车股蔚来表现更为神勇，过去1年累升近20倍。当前何者更值得吸纳？比亚迪与蔚来同属电动汽车生产商，两者主要分别是一家录得盈利，而另一家则处于投资期仍未扭亏，不过市值高近对方1倍的是处于亏损的蔚来汽车（市值约370亿美元）。比亚迪已进入收成期比亚迪将首三季（1-9月）盈利指引上调至34亿至36亿元人民币，相等于反映第3季（截至9月）盈利指引上调至...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202010300607197b43a60b&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01211","symbol_name":"比亚迪股份","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202010300607197b43a60b&s=b","article_id":"2079564177","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/31b71d696bed7d7f2622aa052fa49f99"],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202010300607197b43a60b&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2079564177","pubTimestamp":1604009216,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"股神巴菲特爱股比亚迪于过去一个月累升约4成，另一电动车股蔚来表现更为神勇，过去1年累升近20倍。比亚迪与蔚来同属电动汽车生产商，两者主要分别是一家录得盈利，而另一家则处于投资期仍未扭亏，不过市值高近对方1倍的是处于亏损的蔚来汽车。同期比亚迪的现金流对价格比率则分别为21倍及19股倍。因此比亚迪算是同业中估值较为贴地的。相比之下，比亚迪更受机构及著名投资者欢迎。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"01211":"比亚迪股份","NIO":"蔚来","002594":"比亚迪"},"translate_title":"Which one should BYD vs Weilai buy more?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"002594":1,"01211":1,"NIO":1},"content_text":"股神巴菲特爱股比亚迪于过去一个月累升约4成，另一电动车股蔚来表现更为神勇，过去1年累升近20倍。当前何者更值得吸纳？比亚迪与蔚来同属电动汽车生产商，两者主要分别是一家录得盈利，而另一家则处于投资期仍未扭亏，不过市值高近对方1倍的是处于亏损的蔚来汽车（市值约370亿美元）。比亚迪已进入收成期比亚迪将首三季（1-9月）盈利指引上调至34亿至36亿元人民币，相等于反映第3季（截至9月）盈利指引上调至17.4亿至19.4亿元人民币，显然已进入收成期。至于蔚来汽车第二季度营收为约5.264亿美元，按年大增146.5%，季内净亏损为约1.665亿美元，按年减少64.2%，按季也减少30.4%。虽然两者生意都有着强劲增长，但已录盈利的公司始终更予人信心。事实上，根据彭博综合券商预测，比亚迪今年每股盈利料增加1.8倍，2021财年及2022财年则分别有8.3%及26.7%的增长。至于蔚来，一年前公司还在破产边缘，自从今年合肥政府注资100亿人民币后，其汽车交付量亦接连上升，刺激亏损快速收窄，不过券预计蔚来到2022财年仍未能扭亏。蔚来估值离地估值上，比亚迪股价今年以来累升2倍，而蔚来则升6倍，然而今年第二季蔚来才首次录得自由现金流正数，而彭博预期2021财年，蔚来现金流对价格比率高达1171倍，2022财年也达772倍。同期比亚迪的现金流对价格比率则分别为21倍及19股倍。此外，比亚迪今明两年预测市盈率分别为90倍和83.6倍，较电动车龙头特斯拉的120倍为低。因此比亚迪算是同业中估值较为贴地的。发展大计方面，比亚迪计划将已重组的半导体业务回A股上市，虽然未必能在今年余下时间内完成，但旗下半导体业务早前引入包括韩国SK集团、小米及联想集团等共30名投资者，股东阵容鼎盛，加上比亚迪有股神巴菲特的巴郡持股8.25%，更是星光熠熠。相信随着回A计划有进展可望刺激股价再上。比亚迪股东阵容鼎盛蔚来的股东名单亦什强劲，根据美国SEC递交20-F文件显示，截至3月底，蔚来创始人李斌持有拥有13.8%股权，及47%投票权；腾讯持股12.6%，为第二大股东；拥有21.1%的投票权；Baillie Gifford & Co持股为9.1%，有4%的投票权；淡马锡持股为1.3 %，拥有0.5%的投票权。要留意是此前报告显示淡马锡持股曾高达5.4%，反映淡马锡逐渐减持，另外高瓴资本则在今年第一季清空蔚来所有持股。相比之下，比亚迪更受机构及著名投资者欢迎。蔚来没有分拆，但计划自主研发自动驾驶计算晶片，也是推动股价的有力动作。此前公司已成立独立硬件团队Smart HW并开始筹备引入相关人才，该项目或将纳入年底预算会。芯片研发正是内地国策所向，不同企业纷纷进行相关投资，惟成功难度极大。当前蔚来提出此一业务发展，虽可乘国策扶持之际抢先开发，但料烧钱情况也相当惊人，或延长投资期及扭亏计划。总括而言，比亚迪有实则盈利兼估值较同业为低的优势，分拆业务亦可进一步释放价值以及星级股东加持，二选一会拣比亚迪。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":308531606,"gmtCreate":1604015238605,"gmtModify":1703831659807,"author":{"id":"3553751482404122","authorId":"3553751482404122","name":"点石成金者","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"3553751482404122","authorIdStr":"3553751482404122"},"htmlText":"难怪你只能当记者&nbsp;","listText":"难怪你只能当记者&nbsp;","text":"难怪你只能当记者","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/308531606","repostId":2079564177,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2079564177"}