KE Holdings

HK$49.48As of Sun 8 Nov 2026, 12:00 UTC

HKEX:2423Real Estate

Country Hong Kong

PE (Fwd) 50.64

TSR 4Y CAGR 12.99%

Div yield 1.53%

ROE —

Real Estate Services

Beta (5Y) (0.25)

PE TTM 48.83

TSR TTM 14.49%

Mkt cap HK$163.1B

ROIC —

SE Grade™

Value

Quality

Moat

—

1Y Price

Reference

$51

3.72%

(60.44%)

Price above Reference Value

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

94.58

Revenue¥B

—

80.75

60.67

77.78

93.46

94.58

93.84

4.03%

1.20

Revenue growth%

—

(24.87)

28.20

20.16

1.20

(0.78)

10.68

—

21.37

Gross margin%

—

19.59

22.71

27.92

24.55

21.37

21.47

22.71

2.35

Operating margin%

—

(0.75)

(1.13)

6.29

4.19

2.35

2.34

2.35

3.17

Net margin%

—

(0.65)

(2.28)

7.56

4.35

3.17

3.11

3.17

48.83

P/E ratio (avg)x

—

24.11

37.02

52.28

50.02

37.02

—

65.64

EV/EBITx

—

29.01

38.43

70.28

66.49

38.43

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

0.86

EPS¥

—

(0.15)

(0.39)

1.63

1.15

0.86

0.84

(27.24%)

—

(24.96)

EPS growth%

—

(162.97)

519.46

(29.46)

(24.96)

(2.38)

(27.21)

—

Bookvalue per sh¥

—

FCF per share¥

—

0.64

Dividend per sh¥

—

0.83

0.88

0.64

0.67

(11.93%)

—

1.53

Div yield (avg)%

—

2.11

2.06

1.43

1.58

2.06

—

74.83

Payout ratio%

—

50.90

76.17

74.83

79.05

74.83

—

3.472

Shares (diluted)B

—

3.549

3.569

3.612

3.537

3.472

◌3.472

(0.55%)

1.85

Buyback yield%

—

(0.57)

(1.19)

2.06

1.85

◌—

0.64

—

D/E ratiox

—

146.2

Enterprise value¥B

—

129.3

141.9

150.5

156.5

146.2

6.58%

—

LT debt¥M

—

Peers (US$21.54B)

Cap (US$)

Swire Properties…

19.36B

45.99x

Wharf Real Estate…

12.60B

—

China Resources Mixc…

12.12B

19.70x

PT DCI Indonesia Tbk

20.73B

342.3x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

330.0

283.7

Own earn%

—

Sh yield%

3.38

2.10

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

2.02

Record

10Y

Profitable years

3/5

Revenue growth years

3/4

EPS growth years

1/4

Dividend streakyrs

Op margin range%

−1–6

$1 testx

—

Incr. ROIC%

—

KE Holdings Inc., through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People's Republic of China. The company operates through five segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, Home rental services, and Emerging and Other Services.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

¥94.58B

4.03%

1.00×

Cost of revenue

¥74.37B

3.45%

0.98×

Operating expenses

¥17.98B

2.29%

0.93×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m