• KE Holdings’ net revenue for 1Q was 16.38 billion yuan, which is a 19% year over year decline. However, it meets the estimated net revenue of 16.27 billion yuan.
• The EPS was valued at 12 RMB cents.
• Adjusted earnings per American depositary receipts is 1.18 yuan. This is lower compared to the 2.92 yuan of the same period the previous year. The estimate was 74 RMB cents.
• There was a significant decrease in the 1Q gross transaction value by 35.2% from the previous year bringing it down to RMB629.9 billion.
• An increase in the number of stores was observed by 7.1% compared to one year ago. As of March 31, 2024, the number was 44,216.
• They have advanced their “one body, three wings” strategy to adapt to the changing market conditions.
• Mr. Tao Xu, the CFO of Beike pointed out a year-over-year decline in the housing market in the first quarter. This was attributed to the high performance of the previous year due to a surge in demand prompted by the pandemic.
• Current market opinion stands at 21 buys, 1 hold, and 1 sell.
A look at KE Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
KE Holdings Inc., a leading player in the housing transactions industry, has garnered strong ratings across key factors according to Smartkarma Smart Scores. With top scores in Growth, Resilience, and Momentum, the company is positioned for long-term success. Its robust performance in these areas underscores the promising future outlook for KE Holdings.
Investors can take confidence in the company’s solid performance across Value, Dividend, and its impressive scores in Growth, Resilience, and Momentum. With a significant emphasis on innovation and adaptability in the housing market, KE Holdings stands out as a favorable investment choice for those seeking long-term growth potential.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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