KINGSOFT CLOUD HOLDINGS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.32 USD | +3.11% |
|
-4.87% | -12.17% |
Valuation
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 61,953 | 24,178 | 6,410 | 6,181 | 5,523 | - | - |
| Enterprise Value (EV) 1 | 58,881 | 21,309 | 6,410 | 6,181 | 3,677 | 3,531 | 2,711 |
| P/E ratio | -46.2 x | -14.5 x | -2.41 x | -2.93 x | -5.4 x | -7.05 x | -11.9 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 9.42 x | 2.67 x | 0.78 x | 0.88 x | 0.75 x | 0.68 x | 0.62 x |
| EV / Revenue | 8.95 x | 2.35 x | 0.78 x | 0.88 x | 0.5 x | 0.44 x | 0.31 x |
| EV / EBITDA | -494 x | -40.8 x | -9.09 x | -23.3 x | 19.6 x | 7.18 x | 3.39 x |
| EV / FCF | -31.8 x | -15.2 x | -5.21 x | - | -3.04 x | -4.35 x | -4.51 x |
| FCF Yield | -3.14% | -6.57% | -19.2% | - | -32.9% | -23% | -22.2% |
| Price to Book | 7.68 x | 2.29 x | 0.73 x | - | 0.91 x | 1 x | 0.96 x |
| Nbr of stocks (in thousands) | 218,018 | 241,669 | 242,661 | 230,401 | 230,401 | - | - |
| Reference price 2 | 284.2 | 100.0 | 26.42 | 26.83 | 23.97 | 23.97 | 23.97 |
| Announcement Date | 3/17/21 | 3/24/22 | 3/29/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,956 | 6,577 | 9,061 | 8,180 | 7,047 | 7,354 | 8,075 | 8,878 |
| EBITDA 1 | - | -119.1 | -522.4 | -705.4 | -265.1 | 188.1 | 491.9 | 799.2 |
| EBIT 1 | - | -1,207 | -1,812 | -2,251 | -2,109 | -1,136 | -981.6 | -578.5 |
| Operating Margin | - | -18.35% | -20% | -27.52% | -29.92% | -15.45% | -12.16% | -6.52% |
| Earnings before Tax (EBT) 1 | - | -947.3 | -1,576 | -2,664 | -2,166 | -1,258 | -1,068 | -736 |
| Net income 1 | - | -962.3 | -1,589 | -2,658 | -2,176 | -1,213 | -1,069 | -698.1 |
| Net margin | - | -14.63% | -17.53% | -32.5% | -30.88% | -16.49% | -13.24% | -7.86% |
| EPS 2 | -1.310 | -6.150 | -6.900 | -10.95 | -9.150 | -4.442 | -3.399 | -2.010 |
| Free Cash Flow 1 | - | -1,850 | -1,400 | -1,230 | - | -1,211 | -811.3 | -600.7 |
| FCF margin | - | -28.13% | -15.46% | -15.03% | - | -16.47% | -10.05% | -6.77% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/17/20 | 3/17/21 | 3/24/22 | 3/29/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,414 | 2,660 | 2,174 | 1,906 | 1,906 | 2,131 | 1,864 | 1,835 | 1,625 | 1,722 | 1,763 | 1,823 | 1,897 | 1,969 | 1,517 |
| EBITDA 1 | -140.6 | -278 | -152.2 | -147.7 | - | -246.8 | -130.5 | -61.4 | - | -27.72 | -17.73 | 107.2 | 15.84 | 61.15 | 113.9 |
| EBIT 1 | -469.1 | -670.7 | -532.8 | -552 | -504.2 | -662.4 | -597.9 | -363.1 | -804.8 | -342.7 | -276.6 | - | - | - | - |
| Operating Margin | -19.43% | -25.22% | -24.51% | -28.95% | -26.44% | -31.08% | -32.07% | -19.78% | -49.52% | -19.9% | -15.69% | - | - | - | - |
| Earnings before Tax (EBT) | -501.7 | -478.2 | -556.5 | -813.9 | -783.9 | -509.6 | - | - | - | - | - | - | - | - | - |
| Net income 1 | -508 | -477.9 | -553.2 | -803 | -793.1 | -508.9 | - | -499.3 | -785.9 | -284.1 | -293.6 | - | - | - | - |
| Net margin | -21.04% | -17.97% | -25.45% | -42.12% | -41.6% | -23.88% | - | -27.21% | -48.35% | -16.5% | -16.66% | - | - | - | - |
| EPS 2 | -2.250 | -1.950 | -2.250 | -3.300 | -3.300 | -2.100 | -2.550 | -2.100 | -3.300 | -1.200 | -1.067 | -0.6720 | -0.8426 | -0.8951 | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/24/21 | 3/24/22 | 6/8/22 | 9/6/22 | 11/23/22 | 3/29/23 | 5/23/23 | 8/22/23 | 11/21/23 | 3/20/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 3,072 | 2,869 | - | - | 1,846 | 1,992 | 2,813 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | -1,850 | -1,400 | -1,230 | - | -1,211 | -811 | -601 |
| ROE (net income / shareholders' equity) | - | -40.8% | -14.6% | -20.3% | - | -16% | -15.6% | -13.1% |
| ROA (Net income/ Total Assets) | - | -9.16% | -8.32% | -10.3% | - | -7.18% | -6.35% | -4.6% |
| Assets 1 | - | 10,500 | 19,084 | 25,862 | - | 16,881 | 16,846 | 15,177 |
| Book Value Per Share 2 | - | 37.00 | 43.60 | 36.40 | - | 26.40 | 24.00 | 25.10 |
| Cash Flow per Share 2 | - | -1.810 | -3.090 | 0.7800 | - | 0.3000 | 1.930 | 3.200 |
| Capex 1 | - | 1,560 | 723 | 1,419 | - | 1,338 | 1,312 | 1,380 |
| Capex / Sales | - | 23.72% | 7.98% | 17.34% | - | 18.19% | 16.24% | 15.54% |
| Announcement Date | 4/17/20 | 3/17/21 | 3/24/22 | 3/29/23 | 3/20/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
23.97
CNY
Average target price
31.53
CNY
Spread / Average Target
+31.51%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.17% | 765M | |
| +4.57% | 267B | |
| -11.91% | 24.92B | |
| -15.12% | 13.74B | |
| -22.63% | 5.61B | |
| -17.05% | 4.27B | |
| +40.03% | 3.68B | |
| -11.20% | 2.97B | |
| +8.74% | 2.57B | |
| -5.66% | 2.28B |
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- Financials Kingsoft Cloud Holdings Limited