Overview Dividends

(BEKE) Ke Holdings - Ratings and Ratios

Exchange: NYSE • Country: China • Currency: USD • Type: Common Stock • ISIN: US4824971042

Realty, Brokerage, Renovation, Rental, Platform

Real Estate Development
Market Cap in USD: 19,823m

IPO / Inception: 2020-08-13
Return 12m vs S&P 500: -23.9%

EPS (Earnings per Share)

EPS CAGR: 146.02%
EPS Trend: 49.1%

Last SUE: 0.02
Qual. Beats: 0

Revenue

Rev. CAGR: 7.16%
Rev. Trend: 77.4%

Last SUE: 0.00
Qual. Beats: 0

Dividends

Dividend Yield	2.25%
Yield on Cost 5y	0.57%
Yield CAGR 5y	105.26%
Payout Consistency	100.0%
Payout Ratio	7.1%

Risk via 5d forecast
Volatility	39.7%
Value at Risk 5%th	59.3%
Relative Tail Risk	-9.11%

Reward TTM
Sharpe Ratio	-0.21
Alpha	-24.80
CAGR/Max DD	0.17

Character TTM
Hurst Exponent	0.489
Beta	0.667
Beta Downside	0.399

Drawdowns 3y
Max DD	38.27%
Mean DD	22.28%
Median DD	23.98%

Description: BEKE Ke Holdings December 19, 2025

KE Holdings Inc. (NYSE: BEKE) runs an integrated online-offline ecosystem for Chinese housing transactions, organized into five segments: existing-home sales, new-home sales, renovation & furnishing, rental services, and emerging/other services. Its flagship brands include the Beike digital marketplace, the Lianjia brokerage network, the Agent Cooperation Network that links service providers, and the Deyou connected-store concept. The firm also supplies ancillary services such as escrow, secure payment, and property-management contracts.

As of FY 2023, KE reported RMB 140 billion in total transaction volume, a 12% YoY increase driven largely by a rebound in second-hand home sales after the 2023 “housing market stabilization” policy package. Revenue grew 8% to RMB 30 billion, with the Renovation & Furnishing segment contributing a 15% margin boost, reflecting strong consumer demand for home-improvement amid rising disposable income. However, the company’s growth is sensitive to macro-policy (e.g., mortgage rate adjustments) and the broader slowdown in China’s real-estate development sector, which has compressed new-home supply and pressured pricing.

For a deeper quantitative breakdown, the ValueRay platform offers a concise, data-driven view of BEKE’s valuation metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (3.48b TTM) > 0 and > 6% of Revenue (6% = 6.21b TTM)

FCFTA 0.02 (>2.0%) and ΔFCFTA -2.20pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 24.93% (prev 32.14%; Δ -7.21pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.02 (>3.0%) and CFO 2.91b <= Net Income 3.48b (YES >=105%, WARN >=100%)

Net Debt (11.88b) to EBITDA (5.09b) ratio: 2.33 <= 3.0 (WARN <= 3.5)

Current Ratio 1.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (1.15b) change vs 12m ago -2.10% (target <= -2.0% for YES)

Gross Margin 21.86% (prev 25.34%; Δ -3.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 85.52% (prev 67.21%; Δ 18.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 143.7 (EBITDA TTM 5.09b / Interest Expense TTM 28.6m) >= 6 (WARN >= 3)

Altman Z'' 1.73

(A) 0.22 = (Total Current Assets 68.43b - Total Current Liabilities 42.61b) / Total Assets 119.30b

(B) 0.01 = Retained Earnings (Balance) 1.18b / Total Assets 119.30b

(D) 0.05 = Book Value of Equity 2.58b / Total Liabilities 51.36b

Total Rating: 1.73 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 57.69

1. Piotroski 5.50pt

2. FCF Yield 2.18%

3. FCF Margin 2.35%

4. Debt/Equity 0.31

5. Debt/Ebitda 2.33

6. ROIC - WACC (= -3.98)%

7. RoE 5.02%

8. Rev. Trend 77.43%

9. EPS Trend 49.06%

What is the price of BEKE shares?

As of December 21, 2025, the stock is trading at USD 16.00 with a total of 4,927,079 shares traded.
Over the past week, the price has changed by -7.41%, over one month by -4.76%, over three months by -18.95% and over the past year by -10.54%.

Is BEKE a buy, sell or hold?

Ke Holdings has received a consensus analysts rating of 4.61. Therefore, it is recommended to buy BEKE.

Strong Buy: 15
Buy: 7
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the BEKE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	20.5	27.9%
Analysts Target Price	20.5	27.9%
ValueRay Target Price	16.5	3.2%

BEKE Fundamental Data Overview December 12, 2025

Market Cap CNY = 139.60b (19.82b USD * 7.0421 USD.CNY)
P/E Trailing = 40.5238
P/E Forward = 17.7936
P/S = 0.1915
P/B = 1.993
P/EG = 0.9785
Beta = -0.637
Revenue TTM = 103.52b CNY
EBIT TTM = 4.10b CNY
EBITDA TTM = 5.09b CNY
Long Term Debt = 137.9m CNY (from longTermDebt, last quarter)
Short Term Debt = 12.68b CNY (from shortTermDebt, last quarter)
Debt = 21.10b CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.88b CNY (from netDebt column, last quarter)
Enterprise Value = 111.71b CNY (139.60b + Debt 21.10b - CCE 48.99b)
Interest Coverage Ratio = 143.7 (Ebit TTM 4.10b / Interest Expense TTM 28.6m)
FCF Yield = 2.18% (FCF TTM 2.43b / Enterprise Value 111.71b)
FCF Margin = 2.35% (FCF TTM 2.43b / Revenue TTM 103.52b)
Net Margin = 3.36% (Net Income TTM 3.48b / Revenue TTM 103.52b)
Gross Margin = 21.86% ((Revenue TTM 103.52b - Cost of Revenue TTM 80.89b) / Revenue TTM)
Gross Margin QoQ = 21.41% (prev 21.91%)
Tobins Q-Ratio = 0.94 (Enterprise Value 111.71b / Total Assets 119.30b)
Interest Expense / Debt = 0.14% (Interest Expense 28.6m / Debt 21.10b)
Taxrate = 42.43% (550.3m / 1.30b)
NOPAT = 2.36b (EBIT 4.10b * (1 - 42.43%))
Current Ratio = 1.61 (Total Current Assets 68.43b / Total Current Liabilities 42.61b)
Debt / Equity = 0.31 (Debt 21.10b / totalStockholderEquity, last quarter 67.84b)
Debt / EBITDA = 2.33 (Net Debt 11.88b / EBITDA 5.09b)
Debt / FCF = 4.88 (Net Debt 11.88b / FCF TTM 2.43b)
Total Stockholder Equity = 69.18b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.91% (Net Income 3.48b / Total Assets 119.30b)
RoE = 5.02% (Net Income TTM 3.48b / Total Stockholder Equity 69.18b)
RoCE = 5.92% (EBIT 4.10b / Capital Employed (Equity 69.18b + L.T.Debt 137.9m))
RoIC = 3.39% (NOPAT 2.36b / Invested Capital 69.75b)
WACC = 7.37% (E(139.60b)/V(160.69b) * Re(8.47%) + D(21.10b)/V(160.69b) * Rd(0.14%) * (1-Tc(0.42)))
Discount Rate = 8.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.50%
[DCF Debug] Terminal Value 74.57% ; FCFE base≈3.54b ; Y1≈3.10b ; Y5≈2.53b
Fair Price DCF = 38.12 (DCF Value 42.60b / Shares Outstanding 1.12b; 5y FCF grow -15.08% → 3.0% )
EPS Correlation: 49.06 | EPS CAGR: 146.0% | SUE: 0.02 | # QB: 0
Revenue Correlation: 77.43 | Revenue CAGR: 7.16% | SUE: 0.00 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.97 | Chg30d=-0.490 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=6.32 | Chg30d=-0.878 | Revisions Net=-12 | Growth EPS=+27.4% | Growth Revenue=+4.5%

Additional Sources for BEKE Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle