Ke Holdings Inc
NYSE:BEKE
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%.
Valuation Backtest
Ke Holdings Inc
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Fundamental Analysis
Company Shows Resilient Performance and Growth
2023-Q4 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
BEKE Price
Ke Holdings Inc
Average Annual Return | -12.33% |
Standard Deviation of Annual Returns | 60.64% |
Max Drawdown | -88% |
Market Capitalization | 16.9B USD |
Shares Outstanding | 1 241 049 984 |
Percentage of Shares Shorted | 3.81% |
BEKE News
Last Important Events
Ke Holdings Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Ke Holdings Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.