KC Stock Analysis: Kingsoft Cloud Holdings | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 3.245m USD | 12M Return: -9.2% | US49639K1016 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.0M
Qual. Beats: 0
Rev. Trend: 82.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 6.2 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a China-based cloud services provider offering infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), software-as-a-service (SaaS), and AI solutions to both enterprise and public cloud customers. Its client base spans verticals such as video, e-commerce, intelligent mobility, AI, mobile internet, financial services, public services, and healthcare, and the company also provides R&D and enterprise digital solutions. Founded in 2012 and headquartered in Beijing, KC operates in Chinas cloud computing market, a sector dominated by a handful of large hyperscalers including Alibaba Cloud, Tencent Cloud, and Huawei Cloud, and characterized by heavy capital expenditure for data center buildout.
- AI cloud demand accelerates enterprise customer wins and revenue growth
- Intense competition from Alibaba and Huawei pressures pricing and margins
- China data regulations raise compliance costs across cloud operations
| Net Income: -966.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -2.66 > 1.0 |
| NWC/Revenue: 2.75% < 20% (prev -33.33%; Δ 36.08% < -1%) |
| CFO/TA 0.17 > 3% & CFO 4.75b > Net Income -966.1m |
| Net Debt (2.21b) to EBITDA (4.23b): 0.52 < 3 |
| Current Ratio: 1.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (303.7m) vs 12m ago 22.19% < -2% |
| Gross Margin: 14.87% > 18% (prev 17.12%; Δ -2.25% > 0.5%) |
| Asset Turnover: 42.73% > 50% (prev 40.46%; Δ 2.27% > 0%) |
| Interest Coverage Ratio: -0.51 > 6 (EBIT TTM -288.9m / Interest Expense TTM 564.7m) |
| A: 0.01 (Total Current Assets 10.5b - Total Current Liabilities 10.2b) / Total Assets 28.5b |
| B: -0.55 (Retained Earnings -15.6b / Total Assets 28.5b) |
| C: -0.01 (EBIT TTM -288.9m / Avg Total Assets 24.1b) |
| D: 0.46 (Book Value of Equity 9.00b / Total Liabilities 19.5b) |
| Altman-Z'' = -1.32 = CCC |
| DSRI: 0.88 (Receivables 2.75b/2.44b, Revenue 10.3b/7.98b) |
| GMI: 1.15 (GM 17.12% / 14.87%) |
| AQI: 0.66 (AQ_t 0.20 / AQ_t-1 0.30) |
| SGI: 1.29 (Revenue 10.3b / 7.98b) |
| TATA: -0.20 (NI -966.1m - CFO 4.75b) / TA 28.5b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of August 20, 2026, the stock is trading at USD 12.37 with a total of 3,359,135 shares traded. Over the past week, the price has changed by +5.28%, over one month by +23.21%, over three months by -15.22% and over the past year by -9.18%.
Current recommended Stop Loss: 11.50 (which is 7% or 1.6 ATR below the current price).
Kingsoft Cloud Holdings has received a consensus analysts rating of 4.30. Therefore, it is recommended to buy KC.
- StrongBuy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 19.7 | 59.3% |
Market Cap CNY = 21.9b (3.25b USD * 6.7433 USD.CNY)
P/S = 0.3153
P/B = 2.5554
Revenue TTM = 10.3b CNY
EBIT TTM = -288.9m CNY
EBITDA TTM = 4.23b CNY
Long Term Debt = 3.29b CNY (from longTermDebt, last quarter)
Short Term Debt = 3.64b CNY (from shortTermDebt, last quarter)
Debt = 7.11b CNY (from shortLongTermDebtTotal, last quarter) + Leases 113.4m
Net Debt = 2.21b CNY (calculated: Debt 7.11b - CCE 4.90b)
Enterprise Value = 24.1b CNY (21.9b + Debt 7.11b - CCE 4.90b)
Interest Coverage Ratio = -0.51 (Ebit TTM -288.9m / Interest Expense TTM 564.7m)
EV/FCF = 1000.0x (Enterprise Value 24.1b / FCF TTM 11.0m)
FCF Yield = 0.05% (FCF TTM 11.0m / Enterprise Value 24.1b)
FCF Margin = 0.11% (FCF TTM 11.0m / Revenue TTM 10.3b)
Net Margin = -9.39% (Net Income TTM -966.1m / Revenue TTM 10.3b)
Gross Margin = 14.87% ((Revenue TTM 10.3b - Cost of Revenue TTM 8.76b) / Revenue TTM)
Gross Margin QoQ = 12.79% (prev 16.85%)
Tobins Q-Ratio = 0.85 (Enterprise Value 24.1b / Total Assets 28.5b)
Interest Expense / Debt = 7.94% (Interest Expense 564.7m / Debt 7.11b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -228.2m (EBIT -288.9m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.03 (Total Current Assets 10.5b / Total Current Liabilities 10.2b)
Debt / Equity = 0.79 (Debt 7.11b / totalStockholderEquity, last quarter 9.00b)
Debt / EBITDA = 0.52 (Net Debt 2.21b / EBITDA 4.23b)
Debt / FCF = 200.1 (Net Debt 2.21b / FCF TTM 11.0m)
Total Stockholder Equity = 7.95b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.01% (Net Income -966.1m / Total Assets 28.5b)
RoE = -12.16% (Net Income TTM -966.1m / Total Stockholder Equity 7.95b)
RoCE = -2.57% (EBIT -288.9m / Capital Employed (Equity 7.95b + L.T.Debt 3.29b))
RoIC = -1.07% (negative operating profit) (NOPAT -228.2m / Invested Capital 21.4b)
WACC = 10.41% (E(21.9b)/V(29.0b) * Re(11.75%) + D(7.11b)/V(29.0b) * Rd(7.94%) * (1-Tc(0.21)))
Discount Rate = 11.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 86.04 | Cagr: 11.18%
[DCF] Terminal Value 65.82% ; FCFF base≈219.2m ; Y1≈192.2m ; Y5≈155.3m
[DCF] Fair Price = N/A (negative equity: EV 1.86b - Net Debt 2.21b = -342.7m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.17 | # QB: 0
Revenue Correlation: 82.28 | Revenue CAGR: 12.12% | SUE: 0.18 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.29 | Chg30d=+40.54% | Revisions=+25% | Analysts=3
EPS current Year (2026-12-31): EPS=-1.55 | Chg30d=+5.37% | Revisions=+12% | GrowthEPS=+24.0% | GrowthRev=+32.9%
EPS next Year (2027-12-31): EPS=-2.40 | Chg30d=+3.54% | Revisions=+0% | GrowthEPS=+25.6% | GrowthRev=+22.8%
[Analyst] Revisions Ratio: +15% (up=6, down=4)