Financials Kingsoft Cloud Holdings Limited

Equities

KC

US49639K1016

IT Services & Consulting

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
3.16 USD +10.10% Intraday chart for Kingsoft Cloud Holdings Limited +19.25% -16.40%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025
Capitalization 1 61,953 24,178 6,410 5,276 5,276 -
Enterprise Value (EV) 1 58,881 21,309 6,410 6,181 3,430 3,284
P/E ratio -46.2 x -14.5 x -2.41 x -2.93 x -5.16 x -6.74 x
Yield - - - - - -
Capitalization / Revenue 9.42 x 2.67 x 0.78 x 0.88 x 0.72 x 0.65 x
EV / Revenue 8.95 x 2.35 x 0.78 x 0.88 x 0.47 x 0.41 x
EV / EBITDA -494 x -40.8 x -9.09 x -23.3 x 18.2 x 6.68 x
EV / FCF -31.8 x -15.2 x -5.21 x -1.81 x -2.83 x -4.05 x
FCF Yield -3.14% -6.57% -19.2% -55.2% -35.3% -24.7%
Price to Book 7.68 x 2.29 x 0.73 x 0.73 x 0.87 x 0.96 x
Nbr of stocks (in thousands) 218,018 241,669 242,661 230,401 230,401 -
Reference price 2 284.2 100.0 26.42 22.90 22.90 22.90
Announcement Date 3/17/21 3/24/22 3/29/23 3/20/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 3,956 6,577 9,061 8,180 7,047 7,354 8,075
EBITDA 1 - -119.1 -522.4 -705.4 -265.1 188.1 491.9
EBIT 1 - -1,207 -1,812 -2,251 -2,109 -1,136 -981.6
Operating Margin - -18.35% -20% -27.52% -29.92% -15.45% -12.16%
Earnings before Tax (EBT) 1 - -947.3 -1,576 -2,664 -2,166 -1,258 -1,068
Net income 1 - -962.3 -1,589 -2,658 -2,176 -1,213 -1,069
Net margin - -14.63% -17.53% -32.5% -30.88% -16.49% -13.24%
EPS 2 -1.310 -6.150 -6.900 -10.95 -9.150 -4.442 -3.399
Free Cash Flow 1 - -1,850 -1,400 -1,230 -1,572 -1,211 -811.3
FCF margin - -28.13% -15.46% -15.03% -22.25% -16.47% -10.05%
FCF Conversion (EBITDA) - - - - - - -
FCF Conversion (Net income) - - - - - - -
Dividend per Share 2 - - - - - - -
Announcement Date 4/17/20 3/17/21 3/24/22 3/29/23 3/20/24 - -
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 2,174 2,414 2,660 2,174 1,906 1,906 2,131 1,864 1,835 1,625 1,722 1,763 1,823 1,897 1,969
EBITDA 1 -55.25 -140.6 -278 -152.2 -147.7 - -246.8 -130.5 -61.4 - -27.72 -17.73 107.2 15.84 61.15
EBIT 1 -320.5 -469.1 -670.7 -532.8 -552 -504.2 -662.4 -597.9 -363.1 -804.8 -342.7 -276.6 - - -
Operating Margin -14.74% -19.43% -25.22% -24.51% -28.95% -26.44% -31.08% -32.07% -19.78% -49.52% -19.9% -15.69% - - -
Earnings before Tax (EBT) -217.1 -501.7 -478.2 -556.5 -813.9 -783.9 -509.6 - - - - - - - -
Net income 1 -220.4 -508 -477.9 -553.2 -803 -793.1 -508.9 - -499.3 -785.9 -284.1 -293.6 - - -
Net margin -10.14% -21.04% -17.97% -25.45% -42.12% -41.6% -23.88% - -27.21% -48.35% -16.5% -16.66% - - -
EPS 2 -1.050 -2.250 -1.950 -2.250 -3.300 -3.300 -2.100 -2.550 -2.100 -3.300 -1.200 -1.067 -0.6720 -0.8426 -0.8951
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 8/25/21 11/24/21 3/24/22 6/8/22 9/6/22 11/23/22 3/29/23 5/23/23 8/22/23 11/21/23 3/20/24 - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - -
Net Cash position 1 - 3,072 2,869 - 2,427 1,846 1,992
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 - -1,850 -1,400 -1,230 -1,572 -1,211 -811
ROE (net income / shareholders' equity) - -40.8% -14.6% -20.3% -20.1% -16% -15.6%
ROA (Net income/ Total Assets) - -9.16% -8.32% -10.3% -9.82% -7.18% -6.35%
Assets 1 - 10,500 19,084 25,862 22,397 16,881 16,846
Book Value Per Share 2 - 37.00 43.60 36.40 31.40 26.40 24.00
Cash Flow per Share 2 - -1.810 -3.090 0.7800 -1.520 0.3000 1.930
Capex 1 - 1,560 723 1,419 1,202 1,338 1,312
Capex / Sales - 23.72% 7.98% 17.34% 17.02% 18.19% 16.24%
Announcement Date 4/17/20 3/17/21 3/24/22 3/29/23 3/20/24 - -
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
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
22.9 CNY
Average target price
31.53 CNY
Spread / Average Target
+37.68%
Consensus
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  4. Financials Kingsoft Cloud Holdings Limited