BEKE Stock Analysis: Ke Holdings | NYSE
Real Estate Services | NYSE, USA | Market Cap: 19.757m USD | 12M Return: -14.6% | US4824971042 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 72.5M
EPS Trend: -93.5%
Qual. Beats: 0
Rev. Trend: 69.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 6 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.
KE Holdings Inc. (NYSE: BEKE) operates an integrated online and offline platform for housing transactions and services in China, with operations spanning five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home Rental Services, and Emerging and Other Services. Its platform ecosystem includes the Beike marketplace, the Lianjia real estate brokerage brand, the Deyou connected brokerage network, and an Agent Cooperation Network designed to facilitate collaboration among service providers. Beyond transactions, the company also offers rental property management, contract, escrow, and secure payment services.
The company is headquartered in Beijing and was founded in 2001, with its NYSE IPO completed in August 2020. As a large-cap Chinese real estate-related business, KE Holdings benefits from Chinas status as one of the worlds largest housing markets, and its asset-light platform model - monetizing primarily through agent commissions and value-added services rather than direct property ownership - distinguishes it from traditional real estate developers categorized under the GICS Real Estate sub-industry.
- China property slump drags existing home transaction volume
- Developer distress weighs on new home transaction services revenue
- Home renovation segment expands as brokerage diversification driver
| Net Income: 4.71b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -2.49 > 1.0 |
| NWC/Revenue: 32.93% < 20% (prev 21.39%; Δ 11.54% < -1%) |
| CFO/TA 0.07 > 3% & CFO 7.82b > Net Income 4.71b |
| Net Debt (-41.6b) to EBITDA (7.67b): -5.43 < 3 |
| Current Ratio: 1.70 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.12b) vs 12m ago -4.35% < -2% |
| Gross Margin: 23.99% > 18% (prev 22.15%; Δ 1.84% > 0.5%) |
| Asset Turnover: 74.79% > 50% (prev 83.31%; Δ -8.52% > 0%) |
| Interest Coverage Ratio: 874.5 > 6 (EBIT TTM 6.49b / Interest Expense TTM 7.42m) |
| A: 0.26 (Total Current Assets 70.4b - Total Current Liabilities 41.3b) / Total Assets 112b |
| B: 0.03 (Retained Earnings 3.69b / Total Assets 112b) |
| C: 0.05 (EBIT TTM 6.49b / Avg Total Assets 118b) |
| D: 1.40 (Book Value of Equity 65.5b / Total Liabilities 46.8b) |
| Altman-Z'' = 3.64 = AA |
| DSRI: 1.12 (Receivables 7.52b/7.83b, Revenue 88.3b/103b) |
| GMI: 0.92 (GM 22.15% / 23.99%) |
| AQI: 0.96 (AQ_t 0.24 / AQ_t-1 0.25) |
| SGI: 0.86 (Revenue 88.3b / 103b) |
| TATA: -0.03 (NI 4.71b - CFO 7.82b) / TA 112b) |
| Beneish M = -3.12 (Cap -4..+1) = AA |
As of September 11, 2026, the stock is trading at USD 16.69 with a total of 3,964,830 shares traded. Over the past week, the price has changed by -6.97%, over one month by -5.44%, over three months by +4.31% and over the past year by -14.62%.
Current recommended Stop Loss: 15.30 (which is 8.3% or 2.5 ATR below the current price).
Ke Holdings has received a consensus analysts rating of 4.61. Therefore, it is recommended to buy BEKE.
- StrongBuy: 15
- Buy: 7
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.7 | 41.7% |
Market Cap CNY = 133b (19.8b USD * 6.7078 USD.CNY)
P/E Trailing = 28.4444
P/E Forward = 13.1234
P/S = 0.2228
P/B = 2.0295
P/EG = 0.4263
Revenue TTM = 88.3b CNY
EBIT TTM = 6.49b CNY
EBITDA TTM = 7.67b CNY
Long Term Debt = 442.2m CNY (from longTermDebt, last fiscal year)
Short Term Debt = 9.26b CNY (from shortTermDebt, last quarter)
Debt = 14.4b CNY (from shortLongTermDebtTotal, last quarter) (leases 14.7b already included)
Net Debt = -41.6b CNY (calculated: Debt 14.4b - CCE 56.0b)
Enterprise Value = 90.9b CNY (133b + Debt 14.4b - CCE 56.0b)
Interest Coverage Ratio = 874.5 (Ebit TTM 6.49b / Interest Expense TTM 7.42m)
EV/FCF = -94.96x (Enterprise Value 90.9b / FCF TTM -957.1m)
FCF Yield = -1.05% (FCF TTM -957.1m / Enterprise Value 90.9b)
FCF Margin = -1.08% (FCF TTM -957.1m / Revenue TTM 88.3b)
Net Margin = 5.33% (Net Income TTM 4.71b / Revenue TTM 88.3b)
Gross Margin = 23.99% ((Revenue TTM 88.3b - Cost of Revenue TTM 67.1b) / Revenue TTM)
Gross Margin QoQ = 28.58% (prev 24.14%)
Tobins Q-Ratio = 0.81 (Enterprise Value 90.9b / Total Assets 112b)
Interest Expense / Debt = 0.05% (Interest Expense 7.42m / Debt 14.4b)
Taxrate = 32.55% (2.27b / 6.97b)
NOPAT = 4.38b (EBIT 6.49b * (1 - 32.55%))
Current Ratio = 1.70 (Total Current Assets 70.4b / Total Current Liabilities 41.3b)
Debt / Equity = 0.22 (Debt 14.4b / totalStockholderEquity, last quarter 65.5b)
Debt / EBITDA = -5.43 (Net Debt -41.6b / EBITDA 7.67b)
Debt / FCF = 43.51 (negative FCF - burning cash) (Net Debt -41.6b / FCF TTM -957.1m)
Total Stockholder Equity = 66.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.99% (Net Income 4.71b / Total Assets 112b)
RoE = 7.13% (Net Income TTM 4.71b / Total Stockholder Equity 66.0b)
RoCE = 9.76% (EBIT 6.49b / Capital Employed (Equity 66.0b + L.T.Debt 442.2m))
RoIC = 5.76% (NOPAT 4.38b / Invested Capital 76.0b)
WACC = 7.28% (E(133b)/V(147b) * Re(8.07%) + D(14.4b)/V(147b) * Rd(0.05%) * (1-Tc(0.33)))
Discount Rate = 8.07% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.32 | Cagr: -2.38%
[DCF] Fair Price = unknown (Cash Flow -957.1m)
EPS Correlation: -93.53 | EPS CAGR: -27.75% | SUE: 0.20 | # QB: 0
Revenue Correlation: 69.02 | Revenue CAGR: 9.60% | SUE: 0.03 | # QB: 0
EPS current Quarter (2026-09-30): EPS=1.70 | Chg30d=+6.03% | Revisions=+40% | Analysts=6
EPS current Year (2026-12-31): EPS=7.57 | Chg30d=+12.87% | Revisions=+80% | GrowthEPS=+74.3% | GrowthRev=-8.3%
EPS next Year (2027-12-31): EPS=8.38 | Chg30d=+10.06% | Revisions=+82% | GrowthEPS=+10.7% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: +90% (up=28, down=0)