KE Holdings Inc. (BEKE) 📈: отчетность и дивиденды за 2025

Capitalization

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд ¥				71.18	46.83	18.86	19.62		18.62	39.12	-27.54
Выручка, млрд ¥	25.51	28.65	46.01	70.48	80.75	60.67	77.78	93.46	93.46	76.63	5.81
Чистая прибыль, млрд ¥	-0.5744	-0.4678	-2.18	2.78	-0.5248	-1.4	5.88	4.06	4.06	2.16	7.87
EV, млрд ¥		-0.4404	-1.57	34.36	18.98	115.58	44.82	64.06	64.06	55.56	13.27
EBIT, млрд ¥	-0.4207	-0.7142	-1.02	1.78	-1.63	-0.6848	7.9	3.89	3.89	2.25	16.92
EBITDA, млрд ¥	0.3905	0.0781	0.0186	2.95	-0.2635	0.8179	9.31	4.9	4.9	3.54	10.68
OIBDA, млрд ¥				3.25	0.6792	1.03	8.22	4.6	4.6	3.56	7.20
Баланс стоимость, млрд ¥	12.37	14.85	31.45	66.77	66.97	68.92	72.1	71.32	71.32	69.22	1.33
FCF, млрд ¥	-7.03	2.67	-0.5904	8.47	2.17	7.67	10.28	8.41	8.41	7.40	-0.14
Операционный денежный поток, млрд ¥	-6.46	3.22	0.1126	9.36	3.6	8.46	11.16	9.45	9.45	8.41	0.19
Операционная прибыль, млрд ¥	-0.7639	-1.22	-1.02	1.78	-0.6082	-1.19	4.8	3.76	3.76	1.71	16.13
Операционные расходы, млрд ¥	5.33	7.75	12.71	13.78	16.43	14.47	16.92	19.18	19.18	16.16	6.84
CAPEX, млрд ¥	0.5752	0.5429	0.703	0.887	1.43	0.793	0.874	1.04	1.04	1.00	3.23

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Капитализация, млрд ¥	28.72	24.36	21.13	16.77	19.56	16.92	22.25	19.42	18.84	18.34						19.15	1.62
Выручка, млрд ¥						20.28	16.75	17.81	20.2	20.2	11.23	23.37	22.58	31.13	31.13	23.89	22.62
Чистая прибыль, млрд ¥						2.75	0.377	1.17	0.6637	0.6696	0.4318	1.89	1.17	0.57	0.57	0.9264	5.71
EV, млрд ¥						16.3	141.22	132.29	128.39	126.29	40.75	146.4	58.73	169.2	69.15	96.85	11.16
EBIT, млрд ¥					1.22	2.98	-0.1763	0.4805	1.84	-0.1177	-0.3118	2.02		1.13	1.13	0.7701	-257.20
EBITDA, млрд ¥						2.9	0.6994	0.8332	2.19	0.2371	0.0119	2.05	0.727	1.4	1.4	1.12	159.49
OIBDA, млрд ¥											-0.4081	2.17	0.2829	1.84	1.84	1.14	-235.15
Баланс стоимость, млрд ¥						71.83	68.92	71.86	72.1	72.1	68.99	70.57	70.77	71.32	71.32	70.59	0.67
FCF, млрд ¥						7.63	1.85	1.96	0.8953	1.77	-0.9153	4.77	0.4489	5.2	5.2	2.94	-241.54
Операционный денежный поток, млрд ¥						7.63	2.65	1.96	1.77	1.77	-0.9153	4.77	0.4489	5.2	5.2	2.94	-241.54
Операционная прибыль, млрд ¥						2.98	-0.1763	0.9113	-0.1731	-0.1177	0.0119	2.02	0.727	1.01	1.01	0.9558	143.08
Операционные расходы, млрд ¥						3.37	3.63	3.96	4.5	4.69	4.11	4.5	4.41	6.16	6.16	5.07	8.43
CAPEX, млрд ¥	1.43	1.43	1.43	0.4567	0.793	0.793	0.793	0.3932	0.874		0.874					0.7454	1.96

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд ¥	5.24	9.12	24.32	40.97	20.45	19.41	19.63	11.44	11.44	22.38	-22.52
Short Term Investments ¥	7.59	2.52	1.84	15.69	29.4	35.49	34.26	41.32	41.32	31.23	21.37
Long term investments ¥	0.38	0.4185	2.33	3.14	17.04	17.93	23.57			12.80	58.85
Total Receivables ¥	4.83	10.79	13.8	17.64	10.66	4.16	3.18	10.53	10.53	9.23	-9.80
Total Current Assets ¥	24.07	27.37	51.91	87.54	69.93	70.42	69.75	76.6	76.6	74.85	-2.63
Чистые активы, млрд ¥	6	6.09	6.76	8.29	9.22	13.32	9.83		9.83	9.48	7.78
Активы, млрд ¥	31.58	38.87	67.27	104.3	100.32	109.35	120.33	133.15	133.15	113.49	5.01
Short Term Debt ¥	3.1	3.06	5.23	4.14	3.21	5.59	9.66	14.02	14.02	7.32	27.63
Long Term Debt ¥		0.1129	4.9	0.015						1.68	-48.97
Задолженность, млрд ¥	19.14	24.01	35.73	37.5	33.26	40.29	48.13	61.7	61.7	44.18	10.47
Чистый долг, млрд ¥	0.4461	-3.16	-11.27	-32.98	-12.94	-7.22	-1.65	11.21	11.21	-8.7160	-180.59
Долг, млрд ¥	5.68	3.17	10.13	4.15	1.05	12.19	17.99	22.65	22.65	11.61	40.41
Interest income ¥	0.1264	0.1727	0.4379	0.1636	0.3546	0.7435	1.29			0.5979	24.12
Расходы на обслуживание долга ¥	0.0439	0.0435	0.1811	0.1886	0.0119	0.7435	0.0282	0.0286	0.0286	0.2002	-31.43
Чист. проц. доходы, млрд ¥	0.0812	0.1214	0.2303	0.1636	0.3546	0.7435	1.26		0.1812	0.5504	40.48
Goodwill ¥	0.711	1.14	2.48	2.47	1.81	4.93	4.86			3.31	14.40
Амортизация, млрд ¥	0.8112	0.7923	1.04	1.17	1.37	1.5	1.4	1.01	1.01	1.29	-2.90
Себестоимость, млрд ¥	20.74	21.78	34.75	53.62	64.93	46.89	56.06	70.51	70.51	58.40	5.63
Товарно материальные запасы ¥	6.14	4.63	11.63	12.97	9.04	0.1276	0.3042	0.5192	0.5192	4.59	-47.46

	2019Q4	2020Q1	2020Q2	2020Q3	2020Q4	2021Q1	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	5 quarters average	CAGR 5
Наличность, млрд ¥													30.59	19.41	15.84	19.63	19.63	17.85	9.41	9.58	11.44	11.44	11.94	-8.51
Short Term Investments ¥													28.14	35.49	38.41	34.26	34.26	36.03	42.22	43.65	41.32	41.32	40.91	2.78
Long term investments ¥								17.65	17.04	24.47	25.33	20.61	17.93	19.41	24.01	24.03	23.57						21.79	5.62
Total Receivables ¥													5.92	5.29	8.77	3.18	3.18	9.73	10.91	10.2	5.5	10.53	9.37	1.59
Total Current Assets ¥													76.76	70.42	69.17	69.75	69.75	70.54	70.66	69.68	76.6	76.6	72.82	1.66
Чистые активы, млрд ¥						9.21	9.67	9.76	9.22	9.17	10.63	12.34	13.32		15.88	17.97							14.03	11.07
Активы, млрд ¥													117.97	109.35	118.38	120.33	120.33	119.02	122.5	122.8	133.15	133.15	126.12	2.27
Short Term Debt ¥													6.17	5.59	8.61	9.66	0.2905	10.74	12.08	13.21	14.02	14.02	12.81	5.47
Long Term Debt ¥	4.9	4.89	4.89	4.71	0.015	0.0075	0.0075																1.93	-72.64
Задолженность, млрд ¥													46	40.29	46.42	48.13	48.13	49.9	51.79	51.9	61.7	61.7	55.40	4.34
Чистый долг, млрд ¥													-17.56	-7.22	0.867	-1.65	-11.02	0.7505	10.8	12.1	11.21	11.21	9.21	71.73
Долг, млрд ¥													1.7	12.19	16.71	17.99	8.62	18.6	20.21	21.68	22.65	22.65	21.16	4.02
Interest income ¥								0.0907	0.1131	0.1134	0.1601	0.2147	0.2553	0.2635	0.3387	0.3491	0.3401						0.3093	5.90
Расходы на обслуживание долга ¥					0.09	0.09			0.1134	0.5239	0.1601	0.2147	0.897	0.2553		0.0282						0.0286	0.2848	-33.18
Чист. проц. доходы, млрд ¥									0.1131	0.1134	0.1601	0.2147	0.2553	0.2635	0.3387	0.3491	0.312	0.0435					0.2614	-30.25
Goodwill ¥								2.11	1.99	1.81	4.98	5	4.94	4.93	4.91	4.86	4.86						4.90	-0.33
Амортизация, млрд ¥												0.4314	-0.0758	0.8757	0.3527	0.3548	0.3548	0.3237	0.0364		0.2765	0.2765	0.2536	-4.86
Себестоимость, млрд ¥													13.93	12.65	12.93	15.06	15.06	12.26	16.85	17.45	23.95	23.95	18.89	14.33
Товарно материальные запасы ¥										9.04		0.1276	-1.37	0.1276	6	0.3042	0.3042	0	7		0.5192		2.83	-38.70

Share

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	-0.6958	-0.0652	-0.2558	3.44	1.91	-1.17	14.66	10.34		10.34	5.84	24.62
Цена акции ао				61.54	20.12	13.96	16.21	18.42	18.43	18.43	17.43	-1.74
Число акций ао, млн	825	1001	1001.13	1172.01	1189.27	1189.73	401.29	393.05		393.05	869.07	-19.63
FCF/акцию	-8.52	2.67	-0.5897	7.23	1.82	6.44	25.63	21.4		21.4	12.50	24.24

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS						1.29	2.92	0.9837	0.5597	0.5647	1.1	1.55	2.99	0.4851	1.46		1.52	5.83
Цена акции ао			17.81	14.08	16.19	13.9	18.51	16.33	15.89	15.47					20.38	18.43	17.30	2.45
Число акций ао, млн	1177.92	1189.27	1186.49	1190.66	1208.07	1217.26	1201.54	1189.72	1185.74	1185.74							1196.00	-0.52
FCF/акцию						6.27	1.54	1.64	0.7551	1.49	-2.33	3.9	1.15	4.43	13.28		4.09	-241.63

Efficiency

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %	-4.64	-3.15	-6.93	4.16	-0.7835	-2.06	8.34	5.67		5.67	33.23	3.07	6.39
ROA, %	-1.82	-1.2	-3.24	2.66	-0.5231	-1.33	5.12	3.21		3.21	3.76	1.83	3.83
ROIC, %			62.12	3.97	-1.08	0.035	9.67			-3.26	7.44	14.94	-31.07
ROS, %	-2.25	-1.63	-4.74	3.94	-0.6498	-2.3	7.56	4.35	4.35	4.35	33.89	2.66	-246.27
ROCE, %	-3.38	-4.81	-3.24	2.66	-2.44	-0.901	9.78	4.83	5.44	5.44	27.89	3.34	-217.39
Ebit margin, %			-2.22	2.52	-2.02	-1.13	10.16	4.16	4.16	4.16		3.07	-215.54
Рентаб EBITDA, %	1.53	0.2726	0.0403	4.19	-0.3263	1.35	11.96	5.24	5.24	5.24	78.96	4.69	-274.24
Чистая рентаб, %	-2.25	-1.63	-4.74	3.94	-0.6498	-2.3	7.56	4.35		4.35	33.88	2.58	2.00
Operation Margin, %	-2.99	-4.25	-2.22	2.52	-0.7531	-1.95	6.17	4.03	4.03	4.03	49.22	2.31	-239.86
Чистая процентная маржа, %	-5.65	-8.33	-4.75	1.02	-0.65					-3.03	51.84	-3.6720	-35.11
Доходность FCF, %				11.91	4.62	40.65	52.43					27.40	44.85

	2020Q4	2021Q1	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %								3.82	0.5471	1.68	0.9374	0.9403	0.602	2.66	1.65	0.8084	0.8061		33.23	1.31	6.01
ROA, %								2.33	0.3448	1.03	0.556	0.5565	0.3608	1.57	0.9548	0.4454	0.4281		3.76	0.7518	3.48
ROIC, %	1.6	1.6							0.5336		2.32		2.12						7.44	1.63	5.79
ROS, %									2.25	6.57	3.28	3.31	3.85	8.1	5.19	1.83	1.83	4.35	33.89	4.26	-11.69
ROCE, %								4.14	-0.2553	0.6174	2.32	-0.148	-0.3906	2.53		1.42	1.41	5.44	27.89	2.08	-269.35
Ebit margin, %										2.7	9.09	-0.5824	-2.78	8.62		3.62	3.62	4.16		3.45	-208.40
Рентаб EBITDA, %									4.18	4.68	10.85	1.17	0.1056	8.78	3.22	4.51	4.51	5.24	78.96	5.25	-9.81
Чистая рентаб, %								13.55	2.25	6.57	3.28	3.31	3.85	8.1	5.19	1.83	1.83		33.88	4.16	-13.82
Operation Margin, %									-1.05	5.12	-0.8568	-0.5824	0.1056	8.62	3.22	3.25	3.25	4.03	49.22	4.47	-14.11
Доходность FCF, %			-4.03	3.43	-0.7135	17.73	9.48	45.09	8.33	10.07	4.75	9.65								15.58	-26.53

Coefficients

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E				25.63	-89.25	-13.5	7.9	13		13	32.31	-11.2440	-12.70
P/BV				1.07	0.6993	1.78	0.6436	0.7397		0.7397	5.27	0.9865	-7.12
P/S				1.01	0.58	2.02	0.5974	0.5655		0.5655	10.31	0.9546	-10.95
P/FCF				8.4	21.63	2.46	1.91	1.81	2.21	2.21	22.54	6.00	-36.63
E/P				0.039	-0.0112	-0.0741	0.2999	0.316	0.2183	0.2183	0.03	0.1498	-281.12
EV/EBIT			11.04	154.53	-83.25	-168.77	5.67	16.49	16.49	16.49		-42.6740	-172.34
EV/EBITDA	0.6562	-10.64	-607.58	11.65	-516.38	141.32	4.82	13.08		13.08	18.15	-69.1020	2.34
EV/S			-0.245	0.4876	1.68	1.91	0.5763	0.6854	0.6854	0.6854	14.23	1.11	-16.42
EV/FCF			19.09	4.05	62.83	15.07	4.36	7.62	7.62	7.62	30.45	19.50	-34.42
Debt/EBITDA	8.36	40.6	546.08	1.41	6.58	14.91	1.93	4.63	4.63	4.63	5.38	6.54	-6.79
Netdebt/Ebitda	1.14	-40.42	-607.58	-11.18	49.1	-8.83	-0.1772	2.29	2.29	2.29	5.14	8.93	-45.83
Debt/Ratio		0.0816	0.1506	0.0398	0.0749	0.1115	0.1495	0.1701	0.1701	0.1701	0.53	0.1352	17.83
Debt/Equity		0.2135	0.3222	0.0622	0.1121	0.1769	0.2495	0.3176	0.8636	0.8636	2.98	0.3439	50.43
Debt/Net Income		-6.78	-4.65	1.5	-14.31	-8.72	3.06	5.57	5.57	5.57	13.97	-1.7660	-182.80
PEG									3.85	3.85		3.85	0.00
Бета				0	-7.96	-1.15	1.72	4.11	-0.2256	-0.2256	0.37	-0.7011	-50.97
Индекс Альтмана				1.47	0.9217	-0.3418	-3.93	-2.68	1.54	1.54	2.81	-0.8980	10.81

	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E						6.16	59	26.64	26.66	47.81	16.15	22.69	19.2	21.97	22.83		32.31	20.57	7.17
P/BV						0.2355	0.3228	1.83	1.8	1.9	0.5786	1.92	0.6577	2.21	0.8109		5.27	1.24	6.98
P/S						0.8343	1.33	1.84	1.75	1.84	0.7178	0.9577	0.9731	1.02	0.8095		10.31	0.8956	2.43
P/FCF		29.18	-140.15	5.64	10.55	2.22	12	9.93	21.04	10.37						2.21	22.54	11.11	-28.71
E/P		-0.0254	-0.044	-0.1113	0.0366	0.1624	0.0169	0.0602	0.0352	0.0365						0.2183	0.03	0.0734	66.81
EV/EBIT								275.32	69.89	-1073.16	-130.68	72.65		150.24	61.4	16.49		34.02	-166.10
EV/EBITDA						168.16	201.91	21.75	19.13	31.22	12.14	32.59	19.4	40.35	12.38		18.15	23.37	0.39
EV/S							8.43	7.43	6.35	6.25	3.63	6.26	2.6	5.44	2.22	0.6854	14.23	3.44	-35.75
EV/FCF							76.16	67.61	143.41	71.38	-44.52	30.67	130.84	32.52	13.29	7.62	30.45	42.99	-24.31
Debt/EBITDA							17.43	20.05	8.21	36.35	1568.74	9.85	29.82	16.15	16.15	4.63	5.38	15.32	-14.01
Netdebt/Ebitda							-10.33	1.04	-0.7521	-46.47	63.31	5.27	16.65	7.99	7.99	2.29	5.14	8.04	-15.35
Debt/Ratio							0.1115	0.1411	0.1495	0.0716	0.1562	0.165	0.1766	0.1701	0.1701	0.1701	0.53	0.1704	0.61
Debt/Equity							0.1769	0.2325	0.2495	0.1195	0.2695	0.2864	0.3063	0.3176	0.3176	0.8636	2.98	0.4183	24.70
Debt/Net Income							32.33	14.27	27.1	12.87	43.07	10.68	18.51	39.75	39.75	5.57	13.97	22.85	-12.21
PEG																3.85		3.85	0.00
Бета															-0.1155	-0.2256	0.37	-0.1706	39.76
Индекс Альтмана	0.0096	-0.2435	-0.0223	-1.66	-0.5083	0.0025		11.37	-6.12						-2.68	1.54	2.81	0.8225	261.34

Dividends

IFRS

Reporting Annual Quarterly

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	0.1272	0.1272	3.83	28.01	0.0386	0.0766	1.43	2.83			0.0077		6.48	-36.77
Дивиденд								0.171	0.351	0.36	0.36		0.2940	28.16
Див доход, ао, %					0	0	0	1.14	4.05	3.51	3.51	3.19	2.90	45.48
Дивиденды / прибыль, %		-22.14		-1284.7	1.39	-14.6	-102.03	24.23	69.64		69.64	116.02	-4.2740	118.76
Dividend Coverage Ratio										527.91	527.91		527.91	0.00

	2020Q4	2021Q1	2021Q4	2022Q1	2022Q3	2022Q4	2023Q1	2023Q3	2024Q1	2025Q2	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд	0.0386	0.0386	0.0766	0.0766	0.0558	0.0558	0.0558	1.43	1.43			0.6055	91.31
Дивиденд								0.171				0.1710	0.00
Див доход, ао, %								1.08			3.19	1.08	0.00
Дивиденды / прибыль, %	3.53	3.53	-12.37	-8.24	7.79	2.03	14.8	214.82	330.2		116.02	113.93	111.57
Dividend Coverage Ratio										527.91		527.91	0.00

	Industry average	5 quarters average	CAGR 5

Other

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	CAGR 5
Всего задолженность	20.57	27.8	33.63						17.81
CAPEX/Выручка, %			1.26	1.77	1.31	1.12	1.11	1.11	-2.50
Персонал, чел				119 658	119 658	98 540	116 344		-0.70

	2024Q1	CAGR 5
CAPEX/Выручка, %	7.78	0.00

	CAGR 5

Investing Port

KE Holdings Inc.

Reporting KE Holdings Inc.

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Dividends

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