(KC) Kingsoft Cloud Holdings - Overview
Stock: Cloud, IaaS, PaaS, SaaS, Enterprise
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 85.7% |
| Relative Tail Risk | -14.3% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.01 |
| Alpha | -40.05 |
| Character TTM | |
|---|---|
| Beta | 1.627 |
| Beta Downside | 1.524 |
| Drawdowns 3y | |
|---|---|
| Max DD | 77.67% |
| CAGR/Max DD | 0.54 |
Description: KC Kingsoft Cloud Holdings January 10, 2026
Kingsoft Cloud Holdings Ltd. (NASDAQ:KC) delivers a suite of cloud-based infrastructure (IaaS), platform (PaaS), and software (SaaS) solutions to Chinese enterprises, covering networking, containers, databases, big-data analytics, security, storage and content delivery. Its offerings span public-cloud services for verticals such as video streaming, e-commerce, AI-enabled mobility, and mobile internet, as well as private-cloud and digital-transformation projects for financial services, government, and healthcare clients.
In FY 2023 the company reported revenue of ¥7.6 billion (≈ $1.05 bn), representing a 28 % year-over-year increase, and its cloud capacity grew by roughly 30 % as it added three new data-center regions in Beijing, Shanghai and Chengdu. The subscription-based recurring revenue (RRR) ratio climbed to about 68 % of total revenue, indicating a shift toward more stable, long-term contracts.
Key macro drivers include China’s cloud-services market, which is projected by IDC to reach ¥1.2 trillion by 2026 (CAGR ≈ 23 %), and the nation’s push for digital sovereignty that favors domestic providers over foreign rivals. However, regulatory scrutiny of data-localization and cybersecurity could constrain growth; any tightening of cross-border data-flow rules would likely increase compliance costs for Kingsoft Cloud.
For a deeper, data-driven assessment of KC’s valuation dynamics, you might explore the company’s profile on ValueRay to see how its fundamentals stack up against sector peers.
Piotroski VR‑10 (Strict, 0-10) 3.5
| Net Income: -968.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 25.88 > 1.0 |
| NWC/Revenue: -7.48% < 20% (prev -41.72%; Δ 34.24% < -1%) |
| CFO/TA 0.13 > 3% & CFO 3.33b > Net Income -968.0m |
| Net Debt (4.80b) to EBITDA (1.60b): 3.00 < 3 |
| Current Ratio: 0.93 > 1.5 & < 3 |
| Outstanding Shares: last quarter (275.8m) vs 12m ago 12.61% < -2% |
| Gross Margin: 16.22% > 18% (prev 0.16%; Δ 1606 % > 0.5%) |
| Asset Turnover: 42.46% > 50% (prev 43.43%; Δ -0.97% > 0%) |
| Interest Coverage Ratio: -1.16 > 6 (EBITDA TTM 1.60b / Interest Expense TTM 404.4m) |
Altman Z'' -3.05
| A: -0.03 (Total Current Assets 9.62b - Total Current Liabilities 10.30b) / Total Assets 25.65b |
| B: -0.59 (Retained Earnings -15.04b / Total Assets 25.65b) |
| C: -0.02 (EBIT TTM -467.5m / Avg Total Assets 21.17b) |
| D: -0.78 (Book Value of Equity -14.50b / Total Liabilities 18.58b) |
| Altman-Z'' Score: -3.05 = D |
Beneish M -3.10
| DSRI: 1.21 (Receivables 3.03b/2.02b, Revenue 8.99b/7.25b) |
| GMI: 0.99 (GM 16.22% / 16.06%) |
| AQI: 0.61 (AQ_t 0.22 / AQ_t-1 0.36) |
| SGI: 1.24 (Revenue 8.99b / 7.25b) |
| TATA: -0.17 (NI -968.0m - CFO 3.33b) / TA 25.65b) |
| Beneish M-Score: -3.10 (Cap -4..+1) = AA |
What is the price of KC shares?
Over the past week, the price has changed by -2.12%, over one month by +18.30%, over three months by +10.23% and over the past year by -25.69%.
Is KC a buy, sell or hold?
- StrongBuy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the KC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 18.2 | 41% |
| Analysts Target Price | 18.2 | 41% |
| ValueRay Target Price | 11.3 | -13% |
KC Fundamental Data Overview February 04, 2026
P/S = 0.4595
P/B = 4.336
Revenue TTM = 8.99b CNY
EBIT TTM = -467.5m CNY
EBITDA TTM = 1.60b CNY
Long Term Debt = 2.79b CNY (from longTermDebt, last quarter)
Short Term Debt = 3.43b CNY (from shortTermDebt, last quarter)
Debt = 8.75b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 4.80b CNY (from netDebt column, last quarter)
Enterprise Value = 33.60b CNY (28.80b + Debt 8.75b - CCE 3.95b)
Interest Coverage Ratio = -1.16 (Ebit TTM -467.5m / Interest Expense TTM 404.4m)
EV/FCF = 10.09x (Enterprise Value 33.60b / FCF TTM 3.33b)
FCF Yield = 9.91% (FCF TTM 3.33b / Enterprise Value 33.60b)
FCF Margin = 37.03% (FCF TTM 3.33b / Revenue TTM 8.99b)
Net Margin = -10.77% (Net Income TTM -968.0m / Revenue TTM 8.99b)
Gross Margin = 16.22% ((Revenue TTM 8.99b - Cost of Revenue TTM 7.53b) / Revenue TTM)
Gross Margin QoQ = 15.37% (prev 14.42%)
Tobins Q-Ratio = 1.31 (Enterprise Value 33.60b / Total Assets 25.65b)
Interest Expense / Debt = 1.56% (Interest Expense 136.4m / Debt 8.75b)
Taxrate = 21.0% (US default 21%)
NOPAT = -369.4m (EBIT -467.5m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.93 (Total Current Assets 9.62b / Total Current Liabilities 10.30b)
Debt / Equity = 1.30 (Debt 8.75b / totalStockholderEquity, last quarter 6.74b)
Debt / EBITDA = 3.00 (Net Debt 4.80b / EBITDA 1.60b)
Debt / FCF = 1.44 (Net Debt 4.80b / FCF TTM 3.33b)
Total Stockholder Equity = 5.91b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.57% (Net Income -968.0m / Total Assets 25.65b)
RoE = -16.38% (Net Income TTM -968.0m / Total Stockholder Equity 5.91b)
RoCE = -5.37% (EBIT -467.5m / Capital Employed (Equity 5.91b + L.T.Debt 2.79b))
RoIC = -3.37% (negative operating profit) (NOPAT -369.4m / Invested Capital 10.95b)
WACC = 9.42% (E(28.80b)/V(37.56b) * Re(11.91%) + D(8.75b)/V(37.56b) * Rd(1.56%) * (1-Tc(0.21)))
Discount Rate = 11.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 7.37%
[DCF Debug] Terminal Value 64.07% ; FCFF base≈3.33b ; Y1≈2.19b ; Y5≈997.0m
Fair Price DCF = 36.69 (EV 15.65b - Net Debt 4.80b = Equity 10.85b / Shares 295.8m; r=9.42% [WACC]; 5y FCF grow -40.0% → 2.90% )
[DCF Warning] FCF declining rapidly (-40.0%), DCF may be unreliable
EPS Correlation: 53.11 | EPS CAGR: 79.39% | SUE: 0.84 | # QB: 2
Revenue Correlation: -0.24 | Revenue CAGR: -1.89% | SUE: -0.00 | # QB: 0
EPS next Year (2026-12-31): EPS=-2.53 | Chg30d=N/A | Revisions Net=-1 | Growth EPS=+20.3% | Growth Revenue=+15.3%