pww.comKE Holdings Inc. - SEHK:2423

Profile

Price

HKD$ 44.45

()

Market Cap

HKD$ 163.327B

Shares Out

3629.592 M

Employees

122599

Dividends

Yield

3.16 %

Payout (TTM)

37.06 %

DPS (TTM)

0.916

DPS Growth 3Yr

0 %

DPS Growth 5Yr

0 %

DPS Growth 10Yr

3185.3 %

FinancialHealth

Cash

-

Net Debt

HKD$ -1.649B

Debt/Equity (TTM)

30.63 %

Returns(TTM)

ROA

3.39 %

ROE

5.63 %

ROCE

3.3 %

Valuation(TTM)

P/E

26.488

P/B

1.556

P/FCF

24.499 %

Margins(TTM)

Gross

25.34 %

Operating

3.07 %

Pre-Tax

7.19 %

Net

4.86 %

FCFPS

2.29 %

Growth(CAGR)

RevPS 3Yr

0.817 %

RevPS 5Yr

6.448 %

RevPS 10Yr

7.937 %

NetIncomePS 3Yr

2.919 %

NetIncomePS 5Yr

35.5 %

NetIncomePS 10Yr

31.017 %

Website

ke.com

copy
  • Last Price

    HKD$ 44.45

  • 5D

    -1.659%

  • 1M

    -2.948%

  • 3M

    -23.362%

  • 1Y

    22.960%

The analysis of KE Holdings Inc. (BEKE) presents a dual perspective. Bulls highlight a market recovery driven by supportive policies, significant growth in existing home transactions, and operational efficiency, including a 14.6% increase in store network and strong performance in home renovation and rental services. The company also boasts robust cash reserves and strategic partnerships. Conversely, bears express concerns over market volatility, particularly in the new home sector, declining profit margins, and cautious consumer sentiment. They warn that ongoing competition and a "wait-and-see" attitude among buyers could hinder growth. Overall, while there are opportunities for growth, challenges remain that require careful management.

Valuation And Growth

Segments

Guidance and Outlook

Bulls - Bears Say

1Y

3Y

5Y

ALL

For the Fiscal PeriodFeb-28-2025Jan-31-2025Dec-31-2024Nov-30-2024Oct-31-2024Sep-30-2024Aug-31-2024Jul-31-2024Jun-30-2024May-31-2024Apr-30-2024Mar-31-2024Feb-29-2024Jan-31-2024Dec-31-2023Nov-30-2023Oct-31-2023Sep-30-2023Aug-31-2023Jul-31-2023Jun-30-2023May-31-2023Apr-30-2023Mar-31-2023Feb-28-2023Jan-31-2023Dec-31-2022Nov-30-2022Oct-31-2022Sep-30-2022Aug-31-2022Jul-31-2022Jun-30-2022May-31-2022

Valuation Multiples

TEV/LTM Unlevered FCF

29.52

29.52

31.82

32.96

49.38

43.95

30.46

18.10

18.57

23.78

11.04

9.83

8.60

9.14

11.09

10.86

8.77

9.49

11.06

7.76

6.12

5.83

9.96

12.89

10.13

10.19

6.86

9.17

3.74

8.28

8.63

6.34

8.85

5.87

Market Cap/LTM Levered FCF

37.69

37.69

40.00

41.14

59.15

53.70

40.17

25.49

25.97

31.20

15.24

14.01

12.44

12.98

14.93

14.70

12.56

13.29

14.87

11.22

9.59

9.29

14.57

17.48

13.48

13.55

10.22

12.52

6.20

10.74

11.09

9.24

11.75

8.77

P/LTM Normalized EPS

46.31

46.31

48.94

50.08

59.40

53.93

40.20

48.00

49.04

58.81

29.59

23.65

25.00

26.07

29.82

29.30

27.74

29.27

32.43

46.85

39.94

38.30

268.95

158.32

-

-

-

-

-

-

-

-

-

-

P/LTM EPS

34.62

34.62

36.58

37.44

45.25

41.09

30.62

33.44

34.16

40.97

21.93

19.91

21.40

22.31

25.53

25.08

24.90

26.27

29.11

73.31

62.49

59.93

-

-

-

-

-

-

-

-

-

-

-

-

P/BV

2.02

2.02

2.13

2.18

2.67

2.42

1.80

1.73

1.76

2.11

1.83

1.55

1.61

1.67

1.92

1.88

1.74

1.84

2.04

1.97

1.68

1.61

1.96

2.23

2.24

2.25

1.71

2.08

1.30

2.23

2.30

1.61

2.05

1.53

P/Tangible BV

2.20

2.20

2.32

2.38

2.90

2.64

1.97

1.89

1.93

2.31

2.00

1.69

1.76

1.83

2.09

2.06

1.91

2.01

2.23

2.17

1.85

1.77

2.17

2.47

2.49

2.50

1.90

2.31

1.45

2.49

2.56

1.69

2.15

1.60

TEV/LTM Total Revenue

1.39

1.39

1.50

1.56

2.08

1.85

1.28

1.17

1.20

1.54

1.22

1.08

1.13

1.20

1.46

1.43

1.25

1.35

1.57

1.50

1.18

1.12

1.52

1.97

1.98

1.99

1.34

1.79

0.83

1.84

1.91

1.07

1.49

0.99

Market Cap/LTM Total Revenue

1.77

1.77

1.88

1.94

2.48

2.25

1.68

1.65

1.68

2.02

1.68

1.55

1.64

1.71

1.96

1.93

1.79

1.89

2.11

2.16

1.85

1.79

2.23

2.67

2.63

2.64

1.99

2.44

1.37

2.38

2.46

1.56

1.98

1.48

TEV/LTM EBITDA

8.06

8.06

8.69

9.00

11.76

10.47

7.26

7.20

7.39

9.46

6.70

7.99

7.22

7.66

9.30

9.11

7.83

8.47

9.84

11.24

8.87

8.43

18.06

26.61

33.78

34.00

22.89

30.59

158.14

-

-

28.31

39.53

26.23

TEV/LTM EBIT

43.25

43.25

46.62

48.29

56.56

50.34

34.89

45.04

46.23

59.19

19.34

17.22

15.31

16.26

19.73

19.32

15.97

17.29

20.08

31.95

25.22

23.99

-

-

-

-

-

-

-

-

-

-

-

-

Margin Analysis

Gross Margin

25.34

25.34

25.34

25.34

26.57

26.57

26.57

26.38

26.38

26.38

27.92

27.92

27.81

27.81

27.81

27.81

27.72

27.72

26.19

26.19

26.19

22.71

22.71

22.71

20.42

20.42

20.42

17.04

17.04

17.04

18.21

18.21

18.21

19.59

SG&A Margin

19.59

19.59

19.59

19.59

20.35

20.35

20.35

21.14

21.14

21.14

19.15

19.15

17.88

17.88

17.88

17.88

17.31

17.31

18.20

18.20

18.20

19.65

19.65

19.65

19.13

19.13

19.13

19.91

19.91

19.91

17.16

17.16

17.16

16.39

EBITDA Margin

4.56

4.56

4.56

4.56

5.28

5.28

5.28

4.48

4.48

4.48

8.09

8.09

9.29

9.29

9.29

9.29

9.75

9.75

6.87

6.87

6.87

1.35

1.35

1.35

-0.75

-0.75

-0.75

-5.80

-5.80

-5.80

-1.52

-1.52

-1.52

0.94

EBIT Margin

3.24

3.24

3.24

3.24

3.68

3.68

3.68

2.60

2.60

2.60

6.29

6.29

7.36

7.36

7.36

7.36

7.78

7.78

4.69

4.69

4.69

-1.13

-1.13

-1.13

-3.21

-3.21

-3.21

-8.19

-8.19

-8.19

-3.50

-3.50

-3.50

-0.75

Earnings from Cont. Ops Margin

5.05

5.05

5.05

5.05

5.37

5.37

5.37

4.83

4.83

4.83

7.57

7.57

7.52

7.52

7.52

7.52

6.93

6.93

2.88

2.88

2.88

-2.30

-2.30

-2.30

-4.38

-4.38

-4.38

-8.33

-8.33

-8.33

-3.03

-3.03

-3.03

-0.65

Net Income Margin

5.05

5.05

5.05

5.05

5.34

5.34

5.34

4.83

4.83

4.83

7.56

7.56

7.52

7.52

7.52

7.52

6.96

6.96

2.89

2.89

2.89

-2.28

-2.28

-2.28

-4.36

-4.36

-4.36

-8.33

-8.33

-8.33

-3.03

-3.03

-3.03

-0.65

Levered Free Cash Flow Margin

4.71

4.71

4.71

4.71

4.19

4.19

4.19

6.47

6.47

6.47

11.02

11.02

13.14

13.14

13.14

13.14

14.23

14.23

19.26

19.26

19.26

15.28

15.28

15.28

19.51

19.51

19.51

22.16

22.16

22.16

16.87

16.87

16.87

10.07

Unlevered Free Cash Flow Margin

4.72

4.72

4.72

4.72

4.20

4.20

4.20

6.48

6.48

6.48

11.03

11.03

13.16

13.16

13.16

13.16

14.24

14.24

19.27

19.27

19.27

15.30

15.30

15.30

19.52

19.52

19.52

22.16

22.16

22.16

16.87

16.87

16.87

10.08

Margin Analysis

Total Revenue

-
-
-
-
-

HKD$ 88689.83

-
-

HKD$ 85433.00

-
-

HKD$ 79575.45

-
-

HKD$ 83777.15

-
-

HKD$ 80053.36

-
-

HKD$ 79822.72

-
-

HKD$ 73675.63

-
-

HKD$ 65349.16

-
-

HKD$ 66467.87

-
-

HKD$ 67005.96

-

Profitability

Return on Equity

5.84 %

5.84 %

5.84 %

5.84 %

5.82 %

5.82 %

5.82 %

5.06 %

5.06 %

5.06 %

8.34 %

8.34 %

7.92 %

7.92 %

7.92 %

7.92 %

7.37 %

7.37 %

2.85 %

2.85 %

2.85 %

-2.05 %

-2.05 %

-2.05 %

-3.93 %

-3.93 %

-3.93 %

-7.62 %

-7.62 %

-7.62 %

-3.26 %

-3.26 %

-3.26 %

-0.78 %

Return on Assets

1.39 %

1.39 %

1.39 %

1.39 %

1.49 %

1.49 %

1.49 %

1.01 %

1.01 %

1.01 %

2.66 %

2.66 %

3.02 %

3.02 %

3.02 %

3.02 %

3.25 %

3.25 %

1.85 %

1.85 %

1.85 %

-0.41 %

-0.41 %

-0.41 %

-1.18 %

-1.18 %

-1.18 %

-3.01 %

-3.01 %

-3.01 %

-1.54 %

-1.54 %

-1.54 %

-0.37 %

Return on Capital

1.84 %

1.84 %

1.84 %

1.84 %

2.01 %

2.01 %

2.01 %

1.39 %

1.39 %

1.39 %

3.57 %

3.57 %

4.04 %

4.04 %

4.04 %

4.04 %

4.42 %

4.42 %

2.52 %

2.52 %

2.52 %

-0.55 %

-0.55 %

-0.55 %

-1.58 %

-1.58 %

-1.58 %

-4.16 %

-4.16 %

-4.16 %

-2.11 %

-2.11 %

-2.11 %

-0.51 %

Dividends

Dividend/Market Cap

-

2.01 %

1.91 %

1.86 %

1.60 %

1.76 %

2.43 %

2.53 %

2.48 %

2.07 %

2.32 %

2.56 %

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buyback Yield/Market Cap

-

2.33 %

2.48 %

2.17 %

2.63 %

2.88 %

3.16 %

1.43 %

1.23 %

2.10 %

1.77 %

1.13 %

1.96 %

1.93 %

0.44 %

1.37 %

0.88 %

1.29 %

0.90 %

2.29 %

2.10 %

1.09 %

1.31 %

1.26 %

1.12 %

1.12 %

2.04 %

0.93 %

0.93 %

0.26 %

0.00

-

-

-

Dividend/TEV

-

2.56 %

2.39 %

2.32 %

1.91 %

2.15 %

3.11 %

3.56 %

3.45 %

2.70 %

3.19 %

3.64 %

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buyback/TEV

-

2.96 %

3.11 %

2.70 %

3.14 %

3.50 %

4.04 %

2.00 %

1.72 %

2.75 %

2.43 %

1.61 %

2.83 %

2.74 %

0.60 %

1.85 %

1.26 %

1.81 %

1.20 %

3.31 %

3.29 %

1.73 %

1.91 %

1.71 %

1.49 %

1.49 %

3.04 %

1.27 %

1.54 %

0.34 %

0.00

-

-

-

Free Cash Flow Yield/Market Cap

-

1.60 %

1.51 %

1.47 %

1.26 %

1.39 %

-8.74 %

-9.08 %

-8.85 %

-3.76 %

-4.21 %

-4.61 %

5.95 %

5.71 %

4.96 %

2.36 %

2.54 %

2.40 %

14.47 %

14.50 %

16.97 %

12.89 %

11.72 %

9.76 %

-0.01 %

-0.01 %

-0.01 %

-2.55 %

-4.24 %

-2.45 %

-13.26 %

-16.95 %

-13.33 %

-12.78 %

Free Cash Flow Yield/TEV

-

2.04 %

1.90 %

1.83 %

1.51 %

1.70 %

-11.18 %

-12.76 %

-12.32 %

-4.91 %

-5.79 %

-6.56 %

8.60 %

8.10 %

6.68 %

3.19 %

3.64 %

3.36 %

19.44 %

20.95 %

26.55 %

20.53 %

17.12 %

13.23 %

-0.01 %

-0.01 %

-0.01 %

-3.49 %

-7.02 %

-3.17 %

-17.03 %

-24.71 %

-17.69 %

-19.08 %

Growth

Total Revenue

HKD$ 11.06

HKD$ 11.06

HKD$ 11.06

HKD$ 11.06

HKD$ 4.93

HKD$ 4.93

HKD$ 4.93

HKD$ 8.01

HKD$ 8.01

HKD$ 8.01

HKD$ 28.20

HKD$ 28.20

HKD$ 20.44

HKD$ 20.44

HKD$ 20.44

HKD$ 20.44

HKD$ 19.13

HKD$ 19.13

HKD$ -5.79

HKD$ -5.79

HKD$ -5.79

HKD$ -24.87

HKD$ -24.87

HKD$ -24.87

HKD$ -27.94

HKD$ -27.94

HKD$ -27.94

HKD$ -29.38

HKD$ -29.38

HKD$ -29.38

HKD$ -13.63

HKD$ -13.63

HKD$ -13.63

HKD$ 14.57

Gross Profit

1.21 %

1.21 %

1.21 %

1.21 %

0.58 %

0.58 %

0.58 %

8.82 %

8.82 %

8.82 %

57.60 %

57.60 %

63.98 %

63.98 %

63.98 %

63.98 %

93.86 %

93.86 %

35.46 %

35.46 %

35.46 %

-12.89 %

-12.89 %

-12.89 %

-31.24 %

-31.24 %

-31.24 %

-46.90 %

-46.90 %

-46.90 %

-37.56 %

-37.56 %

-37.56 %

-6.17 %

EBITDA

-45.49 %

-45.49 %

-45.49 %

-45.49 %

-43.21 %

-43.21 %

-43.21 %

-29.65 %

-29.65 %

-29.65 %

669.40 %

669.40 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

7.25 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

-82.06 %

Earnings from Cont. Ops.

-25.40 %

-25.40 %

-25.40 %

-25.40 %

-18.77 %

-18.77 %

-18.77 %

81.13 %

81.13 %

81.13 %

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-25.51 %

-25.51 %

-25.51 %

-25.51 %

-19.48 %

-19.48 %

-19.48 %

80.32 %

80.32 %

80.32 %

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unlevered Free Cash Flow

-60.16 %

-60.16 %

-60.16 %

-60.16 %

-69.03 %

-69.03 %

-69.03 %

-63.67 %

-63.67 %

-63.67 %

-7.54 %

-7.54 %

-18.81 %

-18.81 %

-18.81 %

-18.81 %

-23.46 %

-23.46 %

7.59 %

7.59 %

7.59 %

14.05 %

14.05 %

14.05 %

344.78 %

344.78 %

344.78 %

611.99 %

611.99 %

611.99 %

110.19 %

110.19 %

110.19 %

29.92 %

Dividend per Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Balance Sheet

  • 1y
  • 2y
  • 5y
  • ALL


© 2024 PWW Financial Data Platform. All rights reserved.