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Ke Holdings Inc
NYSE:BEKE

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Ke Holdings Inc Logo
Ke Holdings Inc
NYSE:BEKE
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Price: 13.655 USD -0.4% Market Closed
Updated: Mar 28, 2024

Intrinsic Value

KE Holdings, Inc. operates as a holding company that operates an integrated online and offline platform for housing transactions and services through its subsidiaries. [ Read More ]

The intrinsic value of one BEKE stock under the Base Case scenario is 15.079 USD. Compared to the current market price of 13.655 USD, Ke Holdings Inc is Undervalued by 9%.

Key Points:
BEKE Intrinsic Value
Base Case
15.079 USD
Undervaluation 9%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Ke Holdings Inc

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Fundamental Analysis

Company Shows Resilient Performance and Growth
2023-Q4 Earnings Call

Company Shows Resilient Performance and Growth

In 2023, the company saw its full year revenue reach RMB 77.8 billion, experiencing significant operational progress despite market fluctuations. Gross margin improved to 25.5%, up by 1 percentage point from the previous year, and net income showed strong growth, with GAAP net income increasing 80.2% to RMB 670 million and non-GAAP net income by 10.8% to RMB 1.71 billion. The existing home transaction services grew steadily, contributing to a revenue of RMB 6 billion, a 14.6% increase, and GTV surged by 30.1% to RMB 468.1 billion. Conversely, revenue from new home transactions dipped 8.5% but was offset by a 23.9% sequential growth in GTV, showcasing the company's capability to navigate through a market downturn. The emerging sector, home renovation and furnishing, also displayed robust growth, contributing an increased portion of total revenue at 32.6%, a notable climb from the previous year. The company emphasized shareholder returns, spending approximately USD 718.7 million on share buybacks and initiating a USD 200 million cash dividend, leading to the announcement of another final dividend of around USD 400 million.

Financials

Balance Sheet Decomposition
Ke Holdings Inc

Current Assets 69.2B
Cash & Short-Term Investments 54.2B
Receivables 3.5B
Other Current Assets 11.4B
Non-Current Assets 49.2B
Long-Term Investments 24B
PP&E 18B
Intangibles 6.1B
Other Non-Current Assets 1.1B
Current Liabilities 38B
Accounts Payable 5.5B
Accrued Liabilities 22.1B
Other Current Liabilities 10.3B
Non-Current Liabilities 8.6B
Other Non-Current Liabilities 8.6B
Efficiency

Earnings Waterfall
Ke Holdings Inc

Revenue
74.3B CNY
Cost of Revenue
-53.7B CNY
Gross Profit
20.7B CNY
Operating Expenses
-15.2B CNY
Operating Income
5.5B CNY
Other Expenses
123.3m CNY
Net Income
5.6B CNY

Free Cash Flow Analysis
Ke Holdings Inc

Last Value
3-Years Average
FCF Margin
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Fundamental Scores

BEKE Profitability Score
Profitability Due Diligence

Ke Holdings Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Positive Revenue Growth Forecast
Positive Gross Profit
Exceptional 1-Year Revenue Growth
47/100
Profitability
Score

Ke Holdings Inc's profitability score is 47/100. The higher the profitability score, the more profitable the company is.

BEKE Solvency Score
Solvency Due Diligence

Ke Holdings Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Low D/E
Long-Term Solvency
Short-Term Solvency
Low Altman Z-Score
55/100
Solvency
Score

Ke Holdings Inc's solvency score is 55/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

BEKE Price Targets Summary
Ke Holdings Inc

Wall Street analysts forecast BEKE stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for BEKE is 16.249 USD with a low forecast of 14.198 USD and a high forecast of 19.054 USD.

Lowest
Price Target
14.198 USD
4% Upside
Average
Price Target
16.249 USD
19% Upside
Highest
Price Target
19.054 USD
40% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

BEKE Price
Ke Holdings Inc

1M 1M
+0%
6M 6M
-12%
1Y 1Y
-24%
3Y 3Y
-75%
5Y 5Y
-64%
10Y 10Y
-64%
Annual Price Range
13.655
52w Low
12.51
52w High
19.47
Price Metrics
Average Annual Return -12.33%
Standard Deviation of Annual Returns 60.64%
Max Drawdown -88%
Shares Statistics
Market Capitalization 16.9B USD
Shares Outstanding 1 241 049 984
Percentage of Shares Shorted 3.81%

BEKE Return Decomposition
Main factors of price return

What is price return decomposition?

BEKE News

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Last Important Events
Ke Holdings Inc

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Sentiment Analysis
Ke Holdings Inc

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Company Profile

Ke Holdings Inc Logo
Ke Holdings Inc

Country

China

Industry

Real Estate

Market Cap

16.9B USD

Dividend Yield

2.5%

Description

KE Holdings, Inc. operates as a holding company that operates an integrated online and offline platform for housing transactions and services through its subsidiaries. The company is headquartered in Beijing, Beijing and currently employs 110,082 full-time employees. The company went IPO on 2020-08-13. The firm mainly operates its businesses through its online and offline platform called Beike. The firm's businesses are comprised of existing home transaction services, new home transaction services and emerging and other services, such as home renovation services and financial services. The firm owns the brand Lianjia under which it operates real estate brokerage businesses.

Contact

BEIJING
Beijing
Building Fudao, No. 11 Kaituo Road
+861058104689.0
https://bj.ke.com/

IPO

2020-08-13

Employees

110 082

Officers

Co-Founder, Chairman & CEO
Mr. Yongdong Peng
Executive Vice Chairman
Mr. Wangang Xu
Co-Founder & Executive Director
Mr. Yigang Shan
CFO & Executive Director
Mr. Tao Xu
Investor Relations Director & Joint Company Secretary
Ms. Siting Li
Joint Company Secretary
Ms. Yee Wa Lau

See Also

Discover More
What is the Intrinsic Value of one BEKE stock?

The intrinsic value of one BEKE stock under the Base Case scenario is 15.079 USD.

Is BEKE stock undervalued or overvalued?

Compared to the current market price of 13.655 USD, Ke Holdings Inc is Undervalued by 9%.