Financials KE Holdings Inc. Mexican S.E.

Equities

BEKE N

US4824971042

Real Estate Services

End-of-day quote Mexican S.E. 03:30:00 24/06/2024 am IST 5-day change 1st Jan Change
284 MXN +0.35% Intraday chart for KE Holdings Inc. -.--% -20.24%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,73,337 1,52,202 1,19,260 1,41,868 1,30,499 - -
Enterprise Value (EV) 1 4,33,880 1,02,807 69,952 97,635 84,583 75,602 66,167
P/E ratio 423 x -290 x -82.3 x 23.5 x 27.8 x 19.4 x 13.4 x
Yield - - - 2.19% 0.76% 0.78% 1.07%
Capitalization / Revenue 6.72 x 1.88 x 1.97 x 1.82 x 1.54 x 1.38 x 1.26 x
EV / Revenue 6.16 x 1.27 x 1.15 x 1.26 x 1 x 0.8 x 0.64 x
EV / EBITDA 56.1 x 22.8 x 14.7 x 8.61 x 8.45 x 6.57 x 5.2 x
EV / FCF 51.2 x 47.5 x 9.12 x 9.49 x 9.42 x 6.1 x 4.87 x
FCF Yield 1.95% 2.11% 11% 10.5% 10.6% 16.4% 20.5%
Price to Book 21.4 x 1.69 x 1.66 x 1.92 x 1.63 x 1.5 x 1.43 x
Nbr of stocks (in thousands) 11,78,779 11,90,898 12,38,614 12,33,129 12,14,785 - -
Reference price 2 401.5 127.8 96.28 115.0 107.4 107.4 107.4
Announcement Date 15/03/21 09/03/22 16/03/23 14/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 70,481 80,752 60,669 77,777 84,995 94,907 1,03,821
EBITDA 1 7,738 4,504 4,744 11,345 10,015 11,508 12,734
EBIT 1 5,935 1,400 2,307 8,719 6,621 8,568 11,021
Operating Margin 8.42% 1.73% 3.8% 11.21% 7.79% 9.03% 10.62%
Earnings before Tax (EBT) 1 4,387 1,141 292.3 7,884 7,174 8,666 9,552
Net income 1 2,778 -524.1 -1,386 5,883 4,708 6,728 8,088
Net margin 3.94% -0.65% -2.28% 7.56% 5.54% 7.09% 7.79%
EPS 2 0.9500 -0.4400 -1.170 4.890 3.858 5.538 7.994
Free Cash Flow 1 8,475 2,165 7,668 10,284 8,977 12,384 13,576
FCF margin 12.02% 2.68% 12.64% 13.22% 10.56% 13.05% 13.08%
FCF Conversion (EBITDA) 109.53% 48.07% 161.64% 90.65% 89.63% 107.61% 106.61%
FCF Conversion (Net income) 305.12% - - 174.8% 190.69% 184.07% 167.85%
Dividend per Share 2 - - - 2.525 0.8188 0.8358 1.148
Announcement Date 15/03/21 09/03/22 16/03/23 14/03/24 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q1 2025 Q2
Net sales 1 17,786 12,548 13,777 17,597 16,747 20,278 19,484 17,811 20,204 16,377 22,028 22,708 23,864 14,011 28,023
EBITDA 1 484.3 340.9 -104 2,343 2,164 4,625 2,505 2,515 1,700 1,666 3,390 3,390 2,883 2,146 3,942
EBIT 1 -397.7 -449.6 -690.2 2,108 1,339 3,830 2,148 1,886 855.8 959.5 1,994 2,180 2,760 - -
Operating Margin -2.24% -3.58% -5.01% 11.98% 7.99% 18.89% 11.02% 10.59% 4.24% 5.86% 9.05% 9.6% 11.57% - -
Earnings before Tax (EBT) 1 -663.8 -431.7 -1,434 1,156 1,003 3,878 1,573 1,672 761.7 839 755 1,226 1,467 - -
Net income 1 -929.7 -618 -1,868 723.2 377 2,747 1,309 1,158 669.6 431.8 1,133 1,449 955.7 1,111 1,894
Net margin -5.23% -4.92% -13.56% 4.11% 2.25% 13.55% 6.72% 6.5% 3.31% 2.64% 5.14% 6.38% 4% 7.93% 6.76%
EPS 2 -0.7800 -0.5200 -1.570 0.6000 0.3100 2.260 1.080 0.9700 0.5600 0.3700 0.8805 1.217 0.9829 0.9226 1.573
Dividend per Share 2 - - - - - - - - 2.525 - - - - - -
Announcement Date 09/03/22 31/05/22 23/08/22 30/11/22 16/03/23 18/05/23 31/08/23 08/11/23 14/03/24 23/05/24 - - - - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - -
Net Cash position 1 39,457 49,395 49,308 44,234 45,916 54,897 64,332
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 8,475 2,165 7,668 10,284 8,977 12,384 13,576
ROE (net income / shareholders' equity) 19.8% 3.43% 4.2% 8.35% 9.71% 10.4% 10.9%
ROA (Net income/ Total Assets) 6.67% 2.24% 2.72% 5.13% 5.64% 6.45% 6.84%
Assets 1 41,674 -23,369 -50,914 1,14,716 83,521 1,04,349 1,18,274
Book Value Per Share 2 18.80 75.70 57.90 59.90 65.80 71.50 75.30
Cash Flow per Share 2 4.130 1.010 7.110 9.270 9.150 13.50 15.40
Capex 1 887 1,430 793 874 1,081 1,032 1,012
Capex / Sales 1.26% 1.77% 1.31% 1.12% 1.27% 1.09% 0.97%
Announcement Date 15/03/21 09/03/22 16/03/23 14/03/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
20
Last Close Price
107.4 CNY
Average target price
154.3 CNY
Spread / Average Target
+43.68%
Consensus