KE HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 14.83 USD | +7.39% |
|
+17.89% | -8.51% |
| Apr. 22 | Shanghai Electric Power pulls offer to buy stake in Pakistan's K-Electric | RE |
| Apr. 12 | Chinese Property Brokerage Lianjia Opens Coffee Shop in Shanghai Outlet | MT |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 473,337 | 152,202 | 119,260 | 131,833 | 131,833 | - |
| Enterprise Value (EV) 1 | 433,880 | 102,807 | 69,952 | 141,868 | 83,762 | 75,929 |
| P/E ratio | 423 x | -290 x | -82.3 x | 23.5 x | 21.6 x | 17 x |
| Yield | - | - | - | - | 0.85% | 1.01% |
| Capitalization / Revenue | 6.72 x | 1.88 x | 1.97 x | 1.82 x | 1.57 x | 1.41 x |
| EV / Revenue | 6.16 x | 1.27 x | 1.15 x | 1.82 x | 1 x | 0.81 x |
| EV / EBITDA | 56.1 x | 22.8 x | 14.7 x | 12.5 x | 8.41 x | 6.6 x |
| EV / FCF | 51.2 x | 47.5 x | 9.12 x | 8.87 x | 8.3 x | 7.1 x |
| FCF Yield | 1.95% | 2.11% | 11% | 11.3% | 12.1% | 14.1% |
| Price to Book | 21.4 x | 1.69 x | 1.66 x | 1.74 x | 1.58 x | 1.44 x |
| Nbr of stocks (in thousands) | 1,178,779 | 1,190,898 | 1,238,614 | 1,226,764 | 1,226,764 | - |
| Reference price 2 | 401.5 | 127.8 | 96.28 | 107.5 | 107.5 | 107.5 |
| Announcement Date | 3/15/21 | 3/9/22 | 3/16/23 | 3/14/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net sales 1 | 70,481 | 80,752 | 60,669 | 77,777 | 84,112 | 93,639 |
| EBITDA 1 | 7,738 | 4,504 | 4,744 | 11,345 | 9,962 | 11,508 |
| EBIT 1 | 5,935 | 1,400 | 2,307 | 8,719 | 7,666 | 9,837 |
| Operating Margin | 8.42% | 1.73% | 3.8% | 11.21% | 9.11% | 10.51% |
| Earnings before Tax (EBT) 1 | 4,387 | 1,141 | 292.3 | 7,884 | 7,267 | 8,982 |
| Net income 1 | 2,778 | -524.1 | -1,386 | 5,883 | 5,920 | 7,605 |
| Net margin | 3.94% | -0.65% | -2.28% | 7.56% | 7.04% | 8.12% |
| EPS 2 | 0.9500 | -0.4400 | -1.170 | 4.890 | 4.981 | 6.310 |
| Free Cash Flow 1 | 8,475 | 2,165 | 7,668 | 9,485 | 10,095 | 10,702 |
| FCF margin | 12.02% | 2.68% | 12.64% | 12.44% | 12% | 11.43% |
| FCF Conversion (EBITDA) | 109.53% | 48.07% | 161.64% | 84.94% | 101.33% | 93% |
| FCF Conversion (Net income) | 305.12% | - | - | 162.23% | 170.51% | 140.71% |
| Dividend per Share 2 | - | - | - | - | 0.9122 | 1.090 |
| Announcement Date | 3/15/21 | 3/9/22 | 3/16/23 | 3/14/24 | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 24,174 | 18,096 | 17,786 | 12,548 | 13,777 | 17,597 | 16,747 | 20,278 | 19,484 | 17,811 | 20,204 | 15,821 | 22,687 | 22,953 | 24,542 |
| EBITDA 1 | 2,555 | -549.8 | 484.3 | 340.9 | -104 | 2,343 | 2,164 | 4,625 | 2,505 | 2,515 | 1,700 | 1,831 | 3,270 | 3,499 | 2,824 |
| EBIT 1 | 1,669 | -1,435 | -397.7 | -449.6 | -690.2 | 2,108 | 1,339 | 3,830 | 2,148 | 1,886 | 855.8 | 1,139 | 2,704 | 2,943 | 2,436 |
| Operating Margin | 6.9% | -7.93% | -2.24% | -3.58% | -5.01% | 11.98% | 7.99% | 18.89% | 11.02% | 10.59% | 4.24% | 7.2% | 11.92% | 12.82% | 9.93% |
| Earnings before Tax (EBT) 1 | 1,884 | -1,562 | -663.8 | -431.7 | -1,434 | 1,156 | 1,003 | 3,878 | 1,573 | 1,672 | 761.7 | 338 | 1,911 | 2,005 | 2,456 |
| Net income 1 | 1,112 | -1,765 | -929.7 | -618 | -1,868 | 723.2 | 377 | 2,747 | 1,309 | 1,158 | 669.6 | 788.6 | 1,821 | 2,047 | 1,532 |
| Net margin | 4.6% | -9.75% | -5.23% | -4.92% | -13.56% | 4.11% | 2.25% | 13.55% | 6.72% | 6.5% | 3.31% | 4.98% | 8.03% | 8.92% | 6.24% |
| EPS 2 | 0.9300 | -1.500 | -0.7800 | -0.5200 | -1.570 | 0.6000 | 0.3100 | 2.260 | 1.080 | 0.9700 | 0.5600 | 1.198 | 2.247 | 2.247 | 1.897 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/11/21 | 11/8/21 | 3/9/22 | 5/31/22 | 8/23/22 | 11/30/22 | 3/16/23 | 5/18/23 | 8/31/23 | 11/8/23 | 3/14/24 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 39,457 | 49,395 | 49,308 | 47,728 | 48,071 | 55,904 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | 8,475 | 2,165 | 7,668 | 9,485 | 10,095 | 10,702 |
| ROE (net income / shareholders' equity) | 19.8% | 3.43% | 4.2% | 11.4% | 9.99% | 10.6% |
| ROA (Net income/ Total Assets) | 6.67% | 2.24% | 2.72% | 6.36% | 5.25% | 5.9% |
| Assets 1 | 41,674 | -23,369 | -50,914 | 91,889 | 112,818 | 128,990 |
| Book Value Per Share 2 | 18.80 | 75.70 | 57.90 | 61.70 | 68.00 | 74.60 |
| Cash Flow per Share 2 | 4.130 | 1.010 | 7.110 | 7.410 | 9.700 | 14.20 |
| Capex 1 | 887 | 1,430 | 793 | 1,239 | 1,034 | 1,077 |
| Capex / Sales | 1.26% | 1.77% | 1.31% | 1.63% | 1.23% | 1.15% |
| Announcement Date | 3/15/21 | 3/9/22 | 3/16/23 | 3/14/24 | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
107.5
CNY
Average target price
147.9
CNY
Spread / Average Target
+37.59%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.51% | 18.19B | |
| -6.19% | 26.35B | |
| -23.96% | 10.28B | |
| -16.46% | 9.84B | |
| -3.37% | 8.67B | |
| -4.57% | 6.73B | |
| -11.93% | 5.42B | |
| +34.32% | 4.39B | |
| -10.00% | 2.23B | |
| -21.84% | 1.92B |
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- Financials KE Holdings Inc.
