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BEKE US​

KE Holdings Inc. American Depositary Receipt(BEKE US)

$17.08-0.160.93%Ext:$16.31-0.774.49%(Market Closed · 00:00:02 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

KE Holdings Inc. American Depositary Receipt — Company Profile

KE Holdings Inc., through its various subsidiaries, operates a comprehensive online and offline ecosystem facilitating real estate transactions and services across the People's Republic of China. Its business activities are categorized into five distinct segments: existing home sales, new home sales, home improvement and furnishing solutions, rental property services, and emerging and other offerings. At its core, the company manages the Beike platform, which integrates its digital and physical real estate services. Alongside this, it oversees Lianjia, a prominent real estate brokerage chain, and the innovative Agent Cooperation Network (ACN), which serves as an operating system fostering collaboration and mutual benefit among diverse service providers. Further expanding its reach, KE Holdings also encompasses the Deyou brand, dedicated to connected brokerage stores, among other proprietary labels. Beyond core transactions, the firm extends its offerings to include property management and operational services for rental properties, as well as critical support functions like secure payment processing, escrow services, and contractual assistance. Established in 2001, KE Holdings Inc. maintains its headquarters in Beijing, China.

Sector
Real Estate
Industry
Real Estate Management & Development
Exchange
UN
CEO
Yongdong Peng
Headquarters
Beijing, F4, CN
IPO Date
Aug 13, 2020
Employees
107,409
Website
bj.ke.com

Key Metrics

Price
$16.43
Market Cap
$18.15B
Revenue (TTM)
$18.89B
Net Income (TTM)
$1.26B
EPS (TTM)
1.17
P/E (TTM)
6.06
P/B (TTM)
0.27
Dividend Yield
1.77%
ROE (TTM)
4.50%
ROA (TTM)
2.56%
Operating Margin
2.99%
Beta
0.80

Dividends

Last Dividend
$0.28
Last Yield
0.02%

Summary

KE Holdings Inc., through its various subsidiaries, operates a comprehensive online and offline ecosystem facilitating real estate transactions and services across the People's Republic of China. Its business activities are categorized into five distinct segments: existing home sales, new home sales, home improvement and furnishing solutions, rental property services, and emerging and other offerings. At its core, the company manages the Beike platform, which integrates its digital and physical real estate services. Alongside this, it oversees Lianjia, a prominent real estate brokerage chain, and the innovative Agent Cooperation Network (ACN), which serves as an operating system fostering collaboration and mutual benefit among diverse service providers. Further expanding its reach, KE Holdings also encompasses the Deyou brand, dedicated to connected brokerage stores, among other proprietary labels. Beyond core transactions, the firm extends its offerings to include property management and operational services for rental properties, as well as critical support functions like secure payment processing, escrow services, and contractual assistance. Established in 2001, KE Holdings Inc. maintains its headquarters in Beijing, China.

Website
bj.ke.com
Location
Beijing, F4, CN
Phone86 10 5810 4689
Employees107,409
CEOYongdong Peng
Sector
Real Estate
Industry
Real Estate Management & Development
IPO DateAug 13, 2020

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Latest Documents

SEC Filings(462)

Expand
  • 4Statement of changes in beneficial ownership22 Oct
  • 4Statement of changes in beneficial ownership22 Oct
  • 6-KCurrent report (foreign private issuer)20 Oct
  • 6-KCurrent report (foreign private issuer)13 Oct
  • 6-KCurrent report (foreign private issuer)8 Oct
  • 6-KCurrent report (foreign private issuer)5 Oct
  • 6-KCurrent report (foreign private issuer)2 Oct
  • SC 13D/AKE Holdings Inc.29 Sep
  • 4Statement of changes in beneficial ownership29 Sep
  • 6-KCurrent report (foreign private issuer)28 Sep
  • 144Ever Orient International Ltd25 Sep
  • 4Statement of changes in beneficial ownership23 Sep
  • 144Clover Rich Ltd21 Sep
  • 6-KCurrent report (foreign private issuer)21 Sep
  • 6-KCurrent report (foreign private issuer)14 Sep
  • 6-KCurrent report (foreign private issuer)8 Sep
  • 6-KCurrent report (foreign private issuer)8 Sep
  • 4Statement of changes in beneficial ownership4 Sep
  • 4Statement of changes in beneficial ownership4 Sep
  • 6-KCurrent report (foreign private issuer)3 Sep

News

  • Top China Tech Stocks to Add to Your Portfolio for Impressive Returns22 Oct
  • Is KE Holdings Inc (BEKE) a Bargain After 3.9% Drop? GF Value Says Undervalued21 Oct
  • BEKE or SHOP: Which Is the Better Value Stock Right Now?20 Oct
  • Best Growth Stocks to Buy for October 16th16 Oct
  • Best Growth Stocks to Buy for October 14th14 Oct
  • Best Growth Stocks to Buy for October 12th12 Oct
  • Financial Review: Cyrela Brazil Realty (OTCMKTS:CYRBY) & KE (NYSE:BEKE)12 Oct
  • Best Growth Stocks to Buy for October 8th8 Oct
  • NVIDIA & 2 Momentum Stocks to Buy in October for Big Upside6 Oct
  • Best Growth Stocks to Buy for October 6th6 Oct
  • BEKE vs. AKAM: Which Stock Is the Better Value Option?2 Oct
  • Best Growth Stocks to Buy for September 24th24 Sep
  • KE (NYSE:BEKE) Director Yigang Shan Sells 3,326,670 Shares of Stock24 Sep
  • Best Growth Stocks to Buy for September 22nd22 Sep
  • BEKE or AKAM: Which Is the Better Value Stock Right Now?16 Sep
  • A Look at KE Holdings Inc (BEKE) After 3.6% Decline -- GF Value $17.50 vs Price $17.278 Sep
  • Dell & 2 Momentum Stocks to Buy Now for Explosive Upside7 Sep
  • KE Holdings Inc. Sponsored ADR (NYSE:BEKE) Receives Consensus Recommendation of “Buy” from Analysts2 Sep
  • BEKE vs. SHOP: Which Stock Is the Better Value Option?31 Aug
  • Wall Street Analysts Predict a 27.36% Upside in KE Hodlings (BEKE): Here's What You Should Know27 Aug

Mentions in Filings

  • … ious other public companies. Mr. Li has been a non-executive director of Kuaishou Technology, a company listed on the Stock Exchange with the stock code 1024, since March 2017. He has been a non-executive director of <strong>KE Holdings Inc.</strong>, a company listed on the NYSE (NYSE: BEKE, HKEX stock code: 2423) since December 2018. Mr. Li served as a director of Howbuy Wealth Management Co., Ltd., a company listed on the National Equities Exchange and Quotati …
    Zhihu Inc.KE Holdings Inc. American Depositary Receipt·EX-99.3 - 6-K - EXHIBIT 99.3·Q2 26·8 Jun
  • … or with effect from December 16, 2022. Ms. Wang has over 13 years of experience in product management in internet companies. Prior to joining us, Ms. Wang was a senior product manager of Lianjia (currently known as <strong>KE Holdings Inc.</strong>), a leading housing transactions and services platform in China. Ms. Wang worked at a group company of Baidu Inc. from June 2013 to April 2016, with her last position being the senior product designer, and worked a …
    Kanzhun LtdKE Holdings Inc. American Depositary Receipt·EX-99.1 - 6-K - EXHIBIT 99.1·Q2 26·29 Apr
  • … ntly serves as our vice president of product. She has over 13 years of experience in product management in internet companies. Prior to joining us, Ms. Wang was a senior product manager of Lianjia (currently known as <strong>KE Holdings Inc.</strong>), a leading housing transactions and services platform in China. Ms. Wang worked at a group company of Baidu Inc. from June 2013 to April 2016, with her last position being the senior product designer, and worked at …
    Kanzhun LtdKE Holdings Inc. American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·29 Apr
  • … tegy and capital markets since February 2024. Before joining us, Ms. Li served as investment associate director at China Life Private Equity from July 2019 to March 2021 and served as strategic investment director at <strong>KE Holdings Inc.</strong> (NYSE: BEKE and HKEX: 02423) from April 2017 to June 2019. Prior to that, Ms. Li worked at Bain & Company from September 2010 to December 2013 and from October 2015 to April 2017. Ms. Li obtained her bachelor’s degre …
    Waterdrop Inc.KE Holdings Inc. American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·28 Apr
  • … ious other public companies. Mr. Li has been a non-executive director of Kuaishou Technology, a company listed on the Stock Exchange with the stock code 1024, since March 2017. He has been a non-executive director of <strong>KE Holdings</strong> Inc., a company listed on the NYSE (NYSE: BEKE, HKEX stock code: 2423) since December 2018. Mr. Li served as a director of Howbuy Wealth Management Co., Ltd., a company listed on the National Equities Exchange and Qu …
    Zhihu Inc.KE Holdings Inc. American Depositary Receipt·EX-99.1 - 6-K - EXHIBIT 99.1·Q2 26·17 Apr
  • … us positions related to product and business in Google and Nokia. Mr. Li also holds directorships at various other public companies. Mr. Li has been a director of Kuaishou Technology (HKEX: 1024) since March 2017 and <strong>KE Holdings Inc.</strong> (NYSE: BEKE, HKEX: 2423) since December 2018. Mr. Li received a bachelor’s degree in economics from Peking University in July 1998 and an MBA degree from Duke University Fuqua School of Business in May 2004. 116 Ta
    Zhihu Inc.KE Holdings Inc. American Depositary Receipt·20-F - Annual report (foreign private issuer) FY 2025·FY25·17 Apr

Key Stats

Trading

Px/Chg 1D$16.43 / -1.26%
Prev Close$17.92
% of 52Wk H82.32%
Avg Volume4.57M
Beta0.80
Mkt Cap18.15B
FD Mkt Cap19.08B

Float

Shrs Out/Float1.10B / 1.06B
Short Float0.02%
Days to Cover5.84
Stock Repurchased$6.40B

Current Valuation

EV20.81B
EV/EBITDA2.67
EV/Sales0.22
P/B0.27
P/S0.19
FCF Yield7.18%
ROE4.50%
ROA2.56%
Current Ratio1.61

Dividend

Cash$0.28
Yield1.77%
Yield (TTM)1.77%

Estimates

P/E6.06
Est P/EN/A
Est EPSN/A
Est PEGN/A

Valuation

Metric5Yr AvgMay '23May '24May '25Apr '26Oct '26
PRICE-BASED RATIOS
Price / Earnings43.15-12.853.475.3613.74206.04
Price / Sales0.500.290.260.230.910.82
Price / Book Value0.280.260.280.310.270.27
Price / Free Cash Flow8.212.321.992.5920.2713.88
ENTERPRISE VALUE METRICS
Enterprise Value19,422.710,722.418,893.633,113.013,620.120,764.4
Enterprise Value / Sales0.490.180.240.350.720.94
Enterprise Value / EBITDA5.475.932.034.197.447.78
Enterprise Value / EBIT11.7134.952.394.817.448.97

Financials

Full Financials
Millions CNY5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue4%80,752.460,668.877,776.993,457.594,580.2
Gross Income6.3%15,819.413,780.721,718.022,944.120,212.1
EBITDA22.9%2,523.31,809.59,305.37,896.45,756.9
EBIT42%1,152.6306.87,903.16,884.04,684.5
Net Income—-524.1-1,386.15,883.24,064.92,994.0
EPS (Diluted)—-0.45-1.174.893.452.52
BALANCE SHEET
Cash & ST Inv2.7%49,848.854,899.153,892.752,760.755,559.1
Total Assets3.9%100,318.9109,347.3120,331.9133,149.3116,742.5
Total Liabilities10.7%33,263.440,292.948,130.861,701.349,910.9
Total Shareholder Equity-18.4%66,974.068,920.472,099.871,323.866,483.6
CASH FLOW
Net Operating Cash Flow—3,595.18,460.811,157.69,447.1-365.9
Cap Ex-19.8%-1,430.0-793.0-874.0-1,037.2-591.2
Free Cash Flow—2,165.17,667.710,283.68,410.0-957.1

Enterprise Value Bridge

Millions CNY23 Oct '26
Price (As of 23 Oct '26)17.07
Basic Shares1,104.74
Market Cap18,857.9
Diluted Shares1,134.31
Fully Diluted Shares Outstanding1,134.31
Fully Diluted Market Cap19,362.7
+Consolidated Debt16,210.2
−In-the-Money Convertible Debt—
+Capital Leases14,655.7
+Operating Leases—
−Cash & Equivalents-19,901.8
−Short-term Investments-33,784.8
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest58.3
+Pension Liabilities—
Enterprise Value15,224.6

Segment data

Revenue

by Products and services

  • New Home Transaction Services52%
  • Existing Home Transaction Services43%
  • Emerging And Other Services5%

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