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KE (BEKE) Stock Analysis

Here is a fundamental analysis of KE (BEKE), benchmarking its profitability, financial strength, dividend and valuation against its industry group peers.

Performance

Cumulative Growth

BEKE
GSPC
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KE (BEKE) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for KE (BEKE) and S&P 500 (GSPC). Returns over one year are annualized.

Performance at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
1-Year Return-9.41%2.83%

Risk

Drawdown

BEKE
GSPC
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KE (BEKE) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Risk at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
1-Year Volatility36.30%37.29%
Beta-0.351.23

Company Profile

KE (BEKE) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for KE (BEKE)
Profile ItemBEKE
NameKe Holdings Inc. ADR
Country/RegionChina
GICS SectorReal Estate
GICS Industry GroupReal Estate Management & Development
GICS IndustryReal Estate Management & Development
GICS Sub-IndustryReal Estate Services
Market Capitalization18.80 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateAugust 13, 2020
Security TypeADR

Valuation

Price-to-Earnings Ratio (TTM)

KE (BEKE) trades at P/E ratio of 38.39, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.

BEKE

Real Estate Management & Development industry group

38.39

Group distribution
Max
128.88
Q3
128.31
Median
39.38
BEKE
38.39
Q1
18.47
Min
5.10
Largest peers
CSGP
469.14
ZG
128.88
Z
128.12
FSV
40.38
BEKE
38.39
CBRE
30.46
JLL
16.14
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Where KE (BEKE) stands on P/E ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Sales Ratio (TTM)

KE (BEKE) trades at 0.21 on P/S ratio, in the lower sales-valuation quartile for its industry. That points to a cheaper revenue stream than most peers, with margin quality still doing the heavy lifting.

BEKE

Real Estate Management & Development industry group

0.21

Group distribution
Max
13.64
Q3
6.19
Median
1.71
Q1
0.87
BEKE
0.21
Min
0.00
Largest peers
CSGP
3.93
ZG
2.74
Z
2.72
FSV
1.18
CBRE
0.93
JLL
0.52
BEKE
0.21
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Where KE (BEKE) stands on P/S ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Price-to-Book Ratio (MRQ)

KE (BEKE) trades at 1.99 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

BEKE

Real Estate Management & Development industry group

1.99

Group distribution
Max
5.60
Q3
4.19
BEKE
1.99
Median
1.91
Q1
1.07
Min
0.41
Largest peers
FSV
4.61
CBRE
4.59
BEKE
1.99
JLL
1.90
CSGP
1.69
ZG
1.59
Z
1.58
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Where KE (BEKE) stands on P/B ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Valuation at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
Price-to-Earnings Ratio (TTM)38.3939.38
Price-to-Sales Ratio (TTM)0.211.71
Price-to-Book Ratio (MRQ)1.991.91
Free Cash Flow Yield-1.46%3.48%

Profitability

Return on Equity (TTM)

KE (BEKE) posts ROE of 5.08%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

BEKE

Real Estate Management & Development industry group

5.08%

Group distribution
Max
22.48%
Q3
11.17%
BEKE
5.08%
Median
3.95%
Q1
0.30%
Min
-13.61%
Largest peers
CBRE
15.60%
JLL
12.43%
FSV
11.24%
BEKE
5.08%
ZG
1.33%
Z
1.33%
CSGP
0.30%
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Where KE (BEKE) stands on ROE within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Net Profit Margin (TTM)

KE (BEKE) keeps 3.77% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

BEKE

Real Estate Management & Development industry group

3.77%

Group distribution
Max
21.64%
Q3
9.72%
BEKE
3.77%
Median
3.01%
Q1
0.31%
Min
-0.35%
Largest peers
BEKE
3.77%
JLL
3.35%
CBRE
3.11%
FSV
2.92%
ZG
2.27%
Z
2.27%
CSGP
0.73%
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Where KE (BEKE) stands on net margin within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Operating Profit Margin (TTM)

KE (BEKE) turns 6.74% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

BEKE

Real Estate Management & Development industry group

6.74%

Group distribution
Max
21.48%
BEKE
6.74%
Q3
6.32%
Median
2.97%
Q1
-5.10%
Min
-21.67%
Largest peers
BEKE
6.74%
ZG
5.09%
Z
5.09%
FSV
3.66%
JLL
3.29%
CBRE
2.65%
CSGP
0.33%
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Where KE (BEKE) stands on operating margin within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Profitability at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
Return on Equity (TTM)5.08%3.95%
Return on Assets (TTM)1.50%1.16%
Net Profit Margin (TTM)3.77%3.01%
Operating Profit Margin (TTM)6.74%2.97%
Gross Profit Margin (TTM)22.13%41.95%

Financial Strength

Current Ratio (MRQ)

KE (BEKE) has current ratio of 1.63, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

BEKE

Real Estate Management & Development industry group

1.63

Group distribution
Max
5.67
Q3
3.05
Median
1.83
BEKE
1.63
Q1
1.27
Min
0.42
Largest peers
ZG
2.29
Z
2.29
CSGP
2.20
FSV
1.74
BEKE
1.63
JLL
1.12
CBRE
1.08
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Where KE (BEKE) stands on current ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Debt-to-Equity Ratio (MRQ)

KE (BEKE) has debt-to-equity ratio of 0.25, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

BEKE

Real Estate Management & Development industry group

0.25

Group distribution
Max
1.60
Q3
1.04
Median
0.45
BEKE
0.25
Q1
0.21
Min
0.10
Largest peers
CBRE
1.14
FSV
0.72
JLL
0.54
BEKE
0.25
CSGP
0.15
ZG
0.10
Z
0.10
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Where KE (BEKE) stands on debt-to-equity ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
Current Ratio (MRQ)1.631.83
Debt-to-Equity Ratio (MRQ)0.250.45
Net Debt / EBITDA-7.233.64

Dividends

Dividend Yield (TTM)

KE (BEKE) has dividend yield of 1.63%, in the upper peer-yield quartile while still inside the industry range. The dividend offers more cash income per dollar of share price than most peers, though payout coverage still matters.

BEKE

Real Estate Management & Development industry group

1.63%

Group distribution
Max
2.41%
BEKE
1.63%
Q3
1.43%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
BEKE
1.63%
FSV
0.85%
CBRE
0.00%
JLL
0.00%
CSGP
0.00%
ZG
0.00%
Z
0.00%
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Where KE (BEKE) stands on dividend yield within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

KE (BEKE) has payout ratio of 88.12%, above the peer distribution for its industry. The dividend consumes more reported earnings than peers normally do, leaving unusually thin earnings cover.

BEKE

Real Estate Management & Development industry group

88.12%

Group distribution
BEKE
88.12%
Max
43.71%
Q3
31.65%
Median
0.00%
Q1
0.00%
Min
0.00%
Largest peers
BEKE
88.12%
FSV
31.83%
CBRE
0.00%
JLL
0.00%
CSGP
0.00%
ZG
0.00%
Z
0.00%
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Where KE (BEKE) stands on payout ratio within its Real Estate Management & Development peer group — the box is the group’s distribution and the dots its largest members.

Dividends at a Glance

KE (BEKE) metric values compared with Real Estate Management & Development industry-group medians
MetricCurrent stock: BEKEIndustry group median
Dividend Yield (TTM)1.63%0.00%
Dividend Payout Ratio (TTM)88.12%0.00%