BEKE Stock Analysis: Ke Holdings | NYSE
Real Estate Services | NYSE, USA | Market Cap: 18.142m USD | 12M Return: -1% | US4824971042 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 81.0M
EPS Trend: -93.5%
Qual. Beats: 0
Rev. Trend: 69.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 6.1 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) is a Beijing-based, China-focused real estate services company that operates an integrated online and offline platform for housing transactions and services. Founded in 2001 and listed on the NYSE in 2020, the company runs five business segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home Rental Services, and Emerging and Other Services.
Its brand portfolio includes Beike, the core online-and-offline housing platform; Lianjia, a major real estate brokerage chain; the Agent Cooperation Network, which links service providers across the platform; and Deyou, a connected brokerage store brand. Beyond brokerage, the company offers rental property management and operation services along with contract, secure payment, and escrow services that support transaction integrity.
BEKE operates within Chinas residential real estate sector, one of the largest housing markets globally, and its hybrid online-offline (O2O) model-pairing a digital listings and agent-matching platform with a traditional bricks-and-mortar brokerage network-distinguishes it from pure-play online real estate portals or standalone brokerages.
- China existing home transaction volume stays depressed
- New home revenue pressured by developer financial distress
- Home renovation segment posts strong double-digit growth
| Net Income: 4.71b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 4.85 > 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 (-29.0b) to EBITDA (7.67b): -3.78 < 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 October 11, 2026, the stock is trading at USD 17.84 with a total of 10,020,770 shares traded. Over the past week, the price has changed by +8.58%, over one month by +5.75%, over three months by +16.98% and over the past year by -1.03%.
Current recommended Stop Loss: 17.00 (which is 4.7% or 2 ATR below the current price).
Ke Holdings has received a consensus analysts rating of 4.59. Therefore, it is recommended to buy BEKE.
- StrongBuy: 14
- Buy: 7
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 23.8 | 33.5% |
Market Cap CNY = 121b (18.1b USD * 6.692 USD.CNY)
P/E Trailing = 27.5
P/E Forward = 12.1065
P/S = 0.2046
P/B = 1.8663
P/EG = 0.3929
Revenue TTM = 88.3b CNY
EBIT TTM = 6.49b CNY
EBITDA TTM = 7.67b CNY
Long Term Debt = 366.2m CNY (from longTermDebt, last quarter)
Short Term Debt = 9.26b CNY (from shortTermDebt, last quarter)
Debt = 27.1b CNY (from shortLongTermDebtTotal, last quarter) + Leases 12.7b
Net Debt = -29.0b CNY (calculated: Debt 27.1b - CCE 56.0b)
Enterprise Value = 92.4b CNY (121b + Debt 27.1b - CCE 56.0b)
Interest Coverage Ratio = 874.5 (Ebit TTM 6.49b / Interest Expense TTM 7.42m)
EV/FCF = 12.67x (Enterprise Value 92.4b / FCF TTM 7.30b)
FCF Yield = 7.89% (FCF TTM 7.30b / Enterprise Value 92.4b)
FCF Margin = 8.26% (FCF TTM 7.30b / 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 = 0.82 (Enterprise Value 92.4b / Total Assets 112b)
Interest Expense / Debt = 0.03% (Interest Expense 7.42m / Debt 27.1b)
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 = 0.41 (Debt 27.1b / totalStockholderEquity, last quarter 65.5b)
Debt / EBITDA = -3.78 (Net Debt -29.0b / EBITDA 7.67b)
Debt / FCF = -3.97 (Net Debt -29.0b / FCF TTM 7.30b)
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 = 9.77% (EBIT 6.49b / Capital Employed (Equity 66.0b + L.T.Debt 366.2m))
RoIC = 5.76% (NOPAT 4.38b / Invested Capital 76.0b)
WACC = 6.81% (E(121b)/V(148b) * Re(8.32%) + D(27.1b)/V(148b) * Rd(0.03%) * (1-Tc(0.33)))
Discount Rate = 8.32% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -89.32 | Cagr: -2.38%
[DCF] Terminal Value 77.97% ; FCFF base≈5.19b ; Y1≈5.95b ; Y5≈8.76b
[DCF] Fair Price = 152.4 (EV 132b - Net Debt -29.0b = Equity 161b / Shares 1.05b; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
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=+6.24% | Revisions=+17% | Analysts=6
EPS current Year (2026-12-31): EPS=7.57 | Chg30d=+12.93% | Revisions=+80% | GrowthEPS=+74.4% | GrowthRev=-8.7%
EPS next Year (2027-12-31): EPS=8.42 | Chg30d=+10.66% | Revisions=+82% | GrowthEPS=+11.2% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +84% (up=28, down=1)