(KC) Kingsoft Cloud Holdings - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 4.387m USD | Total Return: 27.9% in 12m
Industry Rotation: -21.6
Avg Turnover: 19.7M USD
Peers RS (IBD): 93.8
EPS Trend: 49.2%
Qual. Beats: 0
Rev. Trend: 46.2%
Qual. Beats: 0
Warnings
Share dilution 22.5% YoY - potential capital distress
Interest Coverage Ratio -1.0 is critical
Altman Z'' -2.50 < 1.0 - financial distress zone
Volatile
Tailwinds
No distinct edge detected
Kingsoft Cloud Holdings Ltd. (KC) is a Chinese cloud services provider. It offers Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) solutions.
The companys services encompass cloud computing, networking, databases, and security. Cloud service providers typically offer these foundational IT services over the internet.
KC serves diverse sectors including video, e-commerce, and financial services. Its business model involves providing scalable cloud infrastructure and software to both public and enterprise clients.
Further analysis on platforms like ValueRay can provide deeper insights into KCs performance and market position.
- Chinas economic growth impacts cloud service demand
- Regulatory changes in China affect cloud operations
- Competition from domestic cloud providers intensifies
- Enterprise digital transformation drives cloud adoption
- Public cloud revenue growth depends on video and AI sectors
| Net Income: -929.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 24.70 > 1.0 |
| NWC/Revenue: 16.91% < 20% (prev -29.88%; Δ 46.79% < -1%) |
| CFO/TA 0.12 > 3% & CFO 3.33b > Net Income -929.0m |
| Net Debt (346.9m) to EBITDA (1.97b): 0.18 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (303.0m) vs 12m ago 22.47% < -2% |
| Gross Margin: 15.73% > 18% (prev 0.17%; Δ 1.56k% > 0.5%) |
| Asset Turnover: 42.77% > 50% (prev 44.11%; Δ -1.34% > 0%) |
| Interest Coverage Ratio: -0.99 > 6 (EBITDA TTM 1.97b / Interest Expense TTM 493.9m) |
| A: 0.06 (Total Current Assets 11.03b - Total Current Liabilities 9.43b) / Total Assets 26.75b |
| B: -0.57 (Retained Earnings -15.26b / Total Assets 26.75b) |
| C: -0.02 (EBIT TTM -489.6m / Avg Total Assets 22.17b) |
| D: -0.85 (Book Value of Equity -14.73b / Total Liabilities 17.43b) |
| Altman-Z'' Score: -2.50 = D |
| DSRI: 1.06 (Receivables 2.32b/1.79b, Revenue 9.48b/7.76b) |
| GMI: 1.10 (GM 15.73% / 17.23%) |
| AQI: 0.61 (AQ_t 0.21 / AQ_t-1 0.34) |
| SGI: 1.22 (Revenue 9.48b / 7.76b) |
| TATA: -0.16 (NI -929.0m - CFO 3.33b) / TA 26.75b) |
| Beneish M-Score: -3.13 (Cap -4..+1) = AA |
Over the past week, the price has changed by +15.38%, over one month by +23.03%, over three months by +36.57% and over the past year by +27.88%.
- StrongBuy: 5
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 20.1 | 17.3% |
P/S = 0.459
P/B = 2.9993
Revenue TTM = 9.48b CNY
EBIT TTM = -489.6m CNY
EBITDA TTM = 1.97b CNY
Long Term Debt = 2.79b CNY (from longTermDebt, two quarters ago)
Short Term Debt = 3.39b CNY (from shortTermDebt, last quarter)
Debt = 6.47b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 346.9m CNY (from netDebt column, last quarter)
Enterprise Value = 30.31b CNY (29.96b + Debt 6.47b - CCE 6.12b)
Interest Coverage Ratio = -0.99 (Ebit TTM -489.6m / Interest Expense TTM 493.9m)
EV/FCF = 9.11x (Enterprise Value 30.31b / FCF TTM 3.33b)
FCF Yield = 10.98% (FCF TTM 3.33b / Enterprise Value 30.31b)
FCF Margin = 35.11% (FCF TTM 3.33b / Revenue TTM 9.48b)
Net Margin = -9.80% (Net Income TTM -929.0m / Revenue TTM 9.48b)
Gross Margin = 15.73% ((Revenue TTM 9.48b - Cost of Revenue TTM 7.99b) / Revenue TTM)
Gross Margin QoQ = 16.85% (prev 15.37%)
Tobins Q-Ratio = 1.13 (Enterprise Value 30.31b / Total Assets 26.75b)
Interest Expense / Debt = 2.34% (Interest Expense 151.3m / Debt 6.47b)
Taxrate = 21.0% (US default 21%)
NOPAT = -386.8m (EBIT -489.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.17 (Total Current Assets 11.03b / Total Current Liabilities 9.43b)
Debt / Equity = 0.69 (Debt 6.47b / totalStockholderEquity, last quarter 9.32b)
Debt / EBITDA = 0.18 (Net Debt 346.9m / EBITDA 1.97b)
Debt / FCF = 0.10 (Net Debt 346.9m / FCF TTM 3.33b)
Total Stockholder Equity = 6.95b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.19% (Net Income -929.0m / Total Assets 26.75b)
RoE = -13.37% (Net Income TTM -929.0m / Total Stockholder Equity 6.95b)
RoCE = -5.03% (EBIT -489.6m / Capital Employed (Equity 6.95b + L.T.Debt 2.79b))
RoIC = -3.34% (negative operating profit) (NOPAT -386.8m / Invested Capital 11.58b)
WACC = 8.86% (E(29.96b)/V(36.43b) * Re(10.37%) + D(6.47b)/V(36.43b) * Rd(2.34%) * (1-Tc(0.21)))
Discount Rate = 10.37% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 12.53%
[DCF] Terminal Value 66.86% ; FCFF base≈3.33b ; Y1≈2.19b ; Y5≈999.4m
[DCF] Fair Price = 56.96 (EV 17.20b - Net Debt 346.9m = Equity 16.85b / Shares 295.8m; r=8.86% [WACC]; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 49.20 | EPS CAGR: 71.78% | SUE: 0.40 | # QB: 0
Revenue Correlation: 46.18 | Revenue CAGR: 6.18% | SUE: -0.14 | # QB: 0
EPS next Quarter (2026-06-30): EPS=-0.84 | Chg7d=-0.843 | Chg30d=-0.843 | Revisions Net=-1 | Analysts=1
EPS next Year (2027-12-31): EPS=-2.63 | Chg7d=-0.335 | Chg30d=-0.161 | Revisions Net=+2 | Growth EPS=+19.3% | Growth Revenue=+17.0%