BYD’s Global Gambit: A Satire of Steel and Shipping

Five years of compounded growth would tempt most executives into paroxysms of self-congratulation. Yet BYD’s shareholders, those rare souls purchasing shares at £15, might ponder whether this bargain reflects market myopia or the absurdity of valuing a shipping magnate as though it were merely a carmaker. The company’s trajectory mocks Wall Street’s obsession with multiples – why fret over P/E ratios when one controls the very arteries through which vehicles flow?








