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KE Holdings Inc. (2423.HK)

HKD42.12 +0.34 (+0.81%)
CN HKSE Real Estate Real Estate - Services
Address Oriental Electronic Technology Building 100086
Beijing, CN
CEO Yongdong Peng
Website ke.com
IPO 2022-05-11
ISIN KYG5223Y1089

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 2423.HK (HKD) New York Stock Exchange · BEKE (USD)
Description

KE Holdings Inc. is a leading Chinese firm managing an expansive digital and physical ecosystem for real estate transactions and associated services. Its business is structured across several key divisions: the buying and selling of previously owned homes, transactions for new properties, home remodeling and furnishing offerings, and a variety of emergent and supplementary services. Central to the company's portfolio are Beike, its flagship online-to-offline platform; the Agent Cooperation Network (ACN), a proprietary system fostering synergy among diverse service providers; and various Software-as-a-Service (SaaS) solutions. KE Holdings also owns and operates prominent real estate brokerage brands like Lianjia and Deyou, which supports affiliated brokerage outlets, among others. The company was founded in 2001 and maintains its headquarters in Beijing, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD42.12 +0.34 (+0.81%)
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Volume Profile
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Liquidity & share structure
Average Volume
14M
Beta
-0.35
Float Shares
2.00B
Free Float %
62.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.83% +1.26% +2.60% -0.32% -3.64% +4.63% -12.99% +7.88% +41.20% +41.20% +41.20%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (8 ratings, all time) Buy
Price Targets & DCF
Current price
42.12
DCF (Unlevered) 20.59 -51.1%
DCF (Levered) 107.29 +154.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 81% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 14 +3
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.71
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Services: +11.2%
    -1.4% Q1'26: -19.7% (vs Q1'25)
  • EPS growth Real Estate - Services: +25.9%
    -27.0% Q1'26: +54.2% (vs Q1'25)
  • FCF margin FCF growth · Real Estate - Services: +32.2%
    -6.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Real Estate - Services: +23.7%
    +2.4% Q1'26: +6.7% (vs Q1'25)
  • ROIC Real Estate - Services: +4.3%
    +4.7% Q1'26: +12.9% (vs Q1'25)
  • Share dilution Real Estate - Services: +0.0%
    -1.9% Q1'26: -3.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Services: 1.88×
    5.76× Q1'26: 2.77× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.35) × ERP
WACC = 88% × Ke + 12% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 20.74 Current price: 42.12
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
24 Rev. Ana.
10 EPS Ana.
Dec 2027
28 Rev. Ana.
13 EPS Ana.
Dec 2028
18 Rev. Ana.
9 EPS Ana.
Revenue
70.48B
est: 81.11B (-13.1%)
80.75B
est: 96.79B (-16.6%)
60.67B
est: 67.18B (-9.7%)
77.78B
est: 82.77B (-6.0%)
93.46B
est: 91.83B (+1.8%)
92.13B
est: 94.61B (-2.6%)
90.59B
86.47B – 100.39B
-4.2% YoY
94.90B
82.03B – 141.02B
+4.8% YoY
99.56B
90.33B – 130.05B
+4.9% YoY
EBITDA
4.25B
est: 4.15B (+2.5%)
762.60M
est: 4.95B (-84.6%)
817.87M
est: 3.43B (-76.2%)
9.31B
est: 4.23B (+119.9%)
4.93B
est: 4.23B (+16.6%)
3.21B
est: 4.36B (-26.2%)
4.17B
3.98B – 4.62B
-4.2% YoY
4.37B
3.78B – 6.49B
+4.8% YoY
4.58B
4.16B – 5.99B
+4.9% YoY
EBIT
3.08B
est: 2.73B (+12.7%)
-608.16M
est: 3.26B (-118.7%)
-684.85M
est: 2.26B (-130.3%)
7.90B
est: 2.79B (+183.6%)
3.92B
est: 2.72B (+43.8%)
2.17B
est: 2.81B (-22.7%)
2.69B
2.56B – 2.98B
-4.2% YoY
2.81B
2.43B – 4.18B
+4.8% YoY
2.95B
2.68B – 3.86B
+4.9% YoY
Net Income
2.78B
est: 4.46B (-37.7%)
-524.13M
est: 949.23M (-155.2%)
-1.39B
est: 1.79B (-177.3%)
5.88B
est: 9.18B (-35.9%)
4.06B
est: 8.18B (-50.3%)
2.92B
est: 5.43B (-46.3%)
7.59B
6.84B – 8.61B
+39.9% YoY
8.96B
6.19B – 10.95B
+17.9% YoY
9.67B
8.50B – 13.51B
+7.9% YoY
SGA
11.30B
est: 14.46B (-21.8%)
13.23B
est: 17.26B (-23.3%)
11.92B
est: 11.98B (-0.5%)
14.89B
est: 14.76B (+0.9%)
16.74B
est: 13.43B (+24.7%)
est: 13.83B (-100.0%)
13.24B
12.64B – 14.68B
-4.2% YoY
13.87B
11.99B – 20.62B
+4.8% YoY
14.55B
13.21B – 19.01B
+4.9% YoY
EPS
0.27
est: 1.26 (-78.6%)
-0.15
est: 0.27 (-155.9%)
-0.39
est: 0.51 (-176.9%)
1.67
est: 2.59 (-35.6%)
1.19
est: 2.36 (-49.5%)
0.88
est: 1.56 (-43.7%)
2.19
1.97 – 2.48
+39.9% YoY
2.58
1.78 – 3.15
+17.9% YoY
2.78
2.45 – 3.89
+7.9% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-28 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-27 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-26 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-22 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-21 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-20 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-19 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-18 B+ 3/5 5/5 3/5 4/5 4/5 1/5 2/5
2026-05-15 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-14 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-13 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-12 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-11 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-08 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-06 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-05 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-05-04 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-29 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-28 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-27 B+ 3/5 5/5 3/5 4/5 3/5 1/5 2/5
2026-04-24 B 3/5 5/5 3/5 4/5 2/5 1/5 2/5
2026-04-23 B+ 3/5 5/5 3/5 5/5 2/5 1/5 2/5
2026-04-22 B+ 3/5 5/5 3/5 5/5 2/5 1/5 2/5
2026-04-21 B+ 3/5 5/5 3/5 5/5 2/5 1/5 2/5
2026-04-20 B+ 3/5 5/5 3/5 5/5 2/5 1/5 2/5
2026-04-17 B+ 3/5 5/5 3/5 5/5 2/5 1/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 5/5 2/5 1/5 3/5
2026-04-15 B+ 3/5 5/5 3/5 5/5 2/5 1/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-3.35B
OE per share TTM
-0.97
Owner's Yield
-2.36%
Maintenance CapEx ratio
41,301.66%
Maint CapEx / Avg PPE
21.1%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
16.1K
Shares Outstanding
3.21B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Yongdong Peng Co-Founder, Chairman & Chief Executive Officer 14M male
Wangang Xu Executive Vice Chairman 10M male
Tao Xu Chief Financial Officer & Executive Director 10M male
Yigang Shan Co-Founder & Executive Director 9M male
Siting Li Investor Relations Director & Joint Company Secretary female
Yee Wa Lau Joint Company Secretary female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits