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Kingsoft Cloud Holdings Limited (KC)

被低估
TechnologySoftware - ApplicationChina

基本面

34

价格

$9.12

市值

$2.73B

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第一部分 · 这家公司值多少

概览

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's product portfolio includes cloud products, such as infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, software as a service (SaaS) applications, and AI solution. It offers research and development services, as well as enterprise digital solutions and related services. The company also provides public cloud services to customers in various verticals, including video, e-commerce, intelligent mobility, artificial intelligence, and mobile internet; and enterprise cloud services to customers in financial services, public service, and healthcare businesses. Kingsoft Cloud Holdings Limited was incorporated in 2012 and is headquartered in Beijing, China.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 2026年9月19日 with claude-haiku-4-5 — shared with all users

Baidu, Inc.BIDU
P/E: —Score: 47Market cap: $24.24B

Baidu AI Cloud offers the same mix of public cloud infrastructure and AI/GPU services to Chinese developers and enterprises that Kingsoft Cloud has made its growth area.

Alibaba Group Holding Limited (阿里巴巴集团)BABA

Alibaba Cloud is the largest public cloud provider in China and bids for the same IaaS and PaaS workloads from Chinese internet, gaming and enterprise customers that Kingsoft Cloud targets.

Tencent Holdings Limited (腾讯控股)0700.HK

Tencent Cloud competes head-on for the video, gaming and mobile-internet customers that have historically formed the core of Kingsoft Cloud's public cloud revenue.

Huawei Technologies Co., Ltd. (华为技术有限公司)Not tracked

Huawei Cloud sells public cloud and AI computing capacity to the same Chinese enterprise and government-linked buyers Kingsoft Cloud courts with its enterprise cloud business.

China Telecom Corporation Limited (中国电信股份有限公司)0728.HK

Its Tianyi Cloud unit is one of China's largest IaaS suppliers and wins the state-owned enterprise and local-government cloud contracts that Kingsoft Cloud also pursues.

UCloud Technology Co., Ltd. (优刻得科技股份有限公司)Not tracked

UCloud is the other listed neutral Chinese cloud vendor, competing for customers who deliberately avoid buying infrastructure from Alibaba or Tencent.

信息来源: Kingsoft Cloud Holdings Ltd — Form 20-F (FY2024)Kingsoft Cloud's Place in the Chinese Cloud Ecosystem — EqualOceanChina Public Cloud Overview — Ecritel

资产负债表与流动性

营收

$11.02B

最近12个月（截至2026/6/30）

净利润

$-602M

最近12个月（截至2026/6/30）

自由现金流

$-1.82B

股东权益合计

$1.32B

负债合计

$11.02B

流动比率

1.01

利息覆盖率

-

债务/EBITDA

3.71

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形被低估

公允价值

$20.21

当前价格

$9.12

安全边际

+54.9%

公允价值区间

$19.20 - $21.22

所用估值方法之间的离散区间，并非经过统计校准的置信区间。

估算方法

分析师目标价:$20.21
现金流折现法（DCF）:数据不足，无法计算
市盈率法（P/E）:数据不足，无法计算
格雷厄姆成长公式:数据不足，无法计算
盈利能力价值（EPV）:数据不足，无法计算
合理市净率（P/B）:数据不足，无法计算
股息折现模型（戈登模型）:数据不足，无法计算
P/FFO（运营资金）:数据不足，无法计算
周期中段收益:数据不足，无法计算
市销率法（P/S）:$12.32
分析师共识:强力买入 (20B / 1H / 0S)
最近财报超预期:+73.82%

估值指标

市盈率（P/E）

-

ROE

-7.6%

市净率（P/B）

2.07

P/FCF

-

毛利率

15.1%

ROIC

0.5%

盈利能力雷达图

价值创造（经济护城河）

ROIC

0.5%

WACC

3.3%

ROIC − WACC

-2.8 pp

ROIC 低于资本成本：公司每投入一美元都在毁灭价值。

基本面分析标准

通过（7）

  • P/B Ratio 2.07
  • Current Ratio
  • Debt/EBITDA
  • Revenue Growth 5Y 7.8%
  • Analyst Consensus 95% Buy
  • Earnings Surprise avg 52.9%
  • Net Margin Trend -9.8% vs -25.3%

未通过（8）

  • Price CAGR -22.17%
  • ROIC 0.5%
  • Gross Margin 15.1%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • DCF valuation (Unknown)
  • ROE -7.1%
  • Piotroski F-Score 2/9

不可用（12）

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)
  • Share Dilution (missing shares data)

Piotroski F-评分

2/9

存在严重财务隐患

score
criteria

盈利质量

-

低质量：需深入审查会计处理

股权稀释

-

正在回购股份，对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Tao ZouChairman of the Board & Acting CEO50
Ms. Yi LiChief Financial Officer47
Nicole ShanInvestor Relations Officer-
Mr. Tao LiuSenior Vice President42
Mr. Kaiyan TianSenior Vice President47
Ms. Hiu Lam ChanJoint Company Secretary-
Mr. Bo TianAssistant VP & Joint Company Secretary-

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。

Latest News

Recent headlines for KC, sourced from Markets Gazette.

  • 5/27/2026NEUTRAL
    Kingsoft Cloud's AI Business Is On Fire, But Ballooning Costs Squeeze Margins

    Kingsoft Cloud reported Q1 2026 revenue of $392 million, surpassing analyst expectations. The company's AI cloud business experienced a significant surge, with gross billings jumping 90%. However, this growth was accompanied by ballooning costs, which are squeezing profit margins. Investors will be watching to see if the company can manage its expenses effectively to translate top-line growth into bottom-line profitability.

  • 5/27/2026NEUTRAL
    Kingsoft Cloud Hldgs Q1 2026 Earnings Call Transcript

    Kingsoft Cloud Holdings Limited has scheduled its first quarter 2026 earnings call for May 27, 2026. This announcement is a procedural update, providing investors with the date for the company's financial performance review. The call will cover key financial metrics, operational highlights, and future outlook. Investors will be looking for details on revenue growth, profitability trends, and strategic initiatives. The absence of preliminary results prior to the call suggests that the market will await the full disclosure for any directional trading signals.

via Markets Gazette