(KC) Kingsoft Cloud Holdings - Overview
Sector: Technology | Industry: Software - Application | Exchange: NASDAQ (USA) | Market Cap: 3.778m USD | Total Return: -5.5% in 12m
Avg Turnover: 21.2M
Qual. Beats: 0
Rev. Trend: 82.3%
Qual. Beats: 0
Warnings
Share dilution 22.2% YoY
Interest Coverage Ratio -0.6 is critical
Altman Z'' -1.33 < 1.0 - financial distress zone
Volatile
Tailwinds
No distinct edge detected
Kingsoft Cloud Holdings Limited is a China-based technology firm providing a comprehensive suite of cloud infrastructure and platform services. Its portfolio spans Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), covering core functions such as computing, storage, delivery, and security. The company serves diverse sectors including video streaming, e-commerce, financial services, and healthcare through both public and enterprise cloud deployments.
The business model relies on high-density data center utilization and specialized vertical solutions to compete in a capital-intensive market dominated by large-scale providers. As digital transformation accelerates in China, enterprise cloud spending often shifts from generic infrastructure toward high-margin middleware and big data analytics. Investors can further examine these competitive dynamics and valuation metrics on ValueRay.
- AI demand drives revenue growth in high-performance computing and storage
- Xiaomi and Kingsoft ecosystem partnerships provide stable enterprise service demand
- Shift toward higher-margin vertical cloud solutions improves adjusted EBITDA
- Intense domestic price competition pressures IaaS infrastructure profit margins
- Chinese regulatory environment impacts demand from internet and gaming sectors
| Net Income: -966.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.15 > 0.02 and ΔFCF/TA -17.53 > 1.0 |
| NWC/Revenue: 2.75% < 20% (prev -33.33%; Δ 36.08% < -1%) |
| CFO/TA 0.18 > 3% & CFO 5.26b > Net Income -966.1m |
| Net Debt (2.21b) to EBITDA (2.48b): 0.89 < 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: -0.59 > 6 (EBIT TTM -331.6m / 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 -331.6m / Avg Total Assets 24.1b) |
| D: 0.46 (Book Value of Equity 9.00b / Total Liabilities 19.5b) |
| Altman-Z'' = -1.33 = 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: -0.22 (NI -966.1m - CFO 5.26b) / TA 28.5b) |
| Beneish M = -3.01 (Cap -4..+1) = AA |
As of June 07, 2026, the stock is trading at USD 11.69 with a total of 1,292,784 shares traded.
Over the past week, the price has changed by -4.80%,
over one month by -23.79%,
over three months by -0.51% and
over the past year by -5.50%.
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 | 21.4 | 83% |
Market Cap CNY = 25.6b (3.78b USD * 6.7695 USD.CNY)
P/S = 0.3953
P/B = 2.8484
Revenue TTM = 10.3b CNY
EBIT TTM = -331.6m CNY
EBITDA TTM = 2.48b 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 = 27.8b CNY (25.6b + Debt 7.11b - CCE 4.90b)
Interest Coverage Ratio = -0.59 (Ebit TTM -331.6m / Interest Expense TTM 564.7m)
EV/FCF = -6.58x (Enterprise Value 27.8b / FCF TTM -4.22b)
FCF Yield = -15.20% (FCF TTM -4.22b / Enterprise Value 27.8b)
FCF Margin = -41.03% (FCF TTM -4.22b / 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 = 0.98 (Enterprise Value 27.8b / Total Assets 28.5b)
Interest Expense / Debt = 7.94% (Interest Expense 564.7m / Debt 7.11b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -261.9m (EBIT -331.6m * (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 = 0.89 (Net Debt 2.21b / EBITDA 2.48b)
Debt / FCF = -0.52 (negative FCF - burning cash) (Net Debt 2.21b / FCF TTM -4.22b)
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 = -2.95% (EBIT -331.6m / Capital Employed (Equity 7.95b + L.T.Debt 3.29b))
RoIC = -1.23% (negative operating profit) (NOPAT -261.9m / Invested Capital 21.4b)
WACC = 9.91% (E(25.6b)/V(32.7b) * Re(10.92%) + D(7.11b)/V(32.7b) * Rd(7.94%) * (1-Tc(0.21)))
Discount Rate = 10.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.88 | Cagr: 11.18%
[DCF] Fair Price = unknown (Cash Flow -4.22b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.40 | # QB: 0
Revenue Correlation: 82.28 | Revenue CAGR: 12.12% | SUE: 0.18 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.62 | Chg30d=N/A | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.59 | Chg30d=N/A | Revisions=+20% | Analysts=2
EPS next Year (2027-12-31): EPS=-2.51 | Chg30d=+5.14% | Revisions=+0% | GrowthEPS=+23.7% | GrowthRev=+20.4%
[Analyst] Revisions Ratio: -20%