Cheetah Mobile
Cheetah Mobile Inc. operates as a mobile Internet company worldwide. The last earnings update was 117 days ago. More info.
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CMCM Share Price and Events
7 Day Returns
1 Year Returns
CMCM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Cheetah Mobile (CMCM) | -5.3% | -1.4% | 9.6% | -47.1% | -60.8% | - |
| US Software | 3.8% | 4.9% | 16% | 22% | 107.4% | 132.9% |
| US Market | 2.9% | 2.5% | 10% | 1.4% | 38.3% | 42% |
1 Year Return vs Industry and Market
- CMCM underperformed the Software industry which returned 22% over the past year.
- CMCM underperformed the Market in United States of America which returned 1.4% over the past year.
Value
Is Cheetah Mobile undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Cheetah Mobile
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Cheetah Mobile.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Software Unlevered Beta | Simply Wall St/ S&P Global | 1.14 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 25%) (0%)) |
1.093 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.09 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.093 * 5.96%) |
9.25% |
Discounted Cash Flow Calculation for NYSE:CMCM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Cheetah Mobile is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (CNY, Millions) | Source |
Present Value Discounted (@ 9.25%) |
|
|---|---|---|---|
| 2019 | 758.00 | Analyst x1 | 693.85 |
| 2020 | 800.00 | Analyst x1 | 670.33 |
| 2021 | 836.68 | Est @ 4.59% | 641.73 |
| 2022 | 870.39 | Est @ 4.03% | 611.09 |
| 2023 | 902.06 | Est @ 3.64% | 579.73 |
| 2024 | 932.43 | Est @ 3.37% | 548.54 |
| 2025 | 962.04 | Est @ 3.18% | 518.06 |
| 2026 | 991.30 | Est @ 3.04% | 488.64 |
| 2027 | 1,020.53 | Est @ 2.95% | 460.48 |
| 2028 | 1,049.95 | Est @ 2.88% | 433.66 |
| Present value of next 10 years cash flows | CN¥5,646.11 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CN¥1,049.95 × (1 + 2.73%) ÷ (9.25% – 2.73%) |
CN¥16,555.57 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CN¥16,555.57 ÷ (1 + 9.25%)10 |
CN¥6,837.93 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CN¥5,646.11 + CN¥6,837.93 |
CN¥12,484.03 |
| Equity Value per Share (CNY) |
= Total value / Shares Outstanding
= CN¥12,484.03 / 140.21 |
CN¥89.04 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | CNY/USD
(Reporting currency to currency of NYSE:CMCM) |
0.149 |
| Value per Share (USD) |
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥89.04 x 0.149 |
$13.26 |
| Value per share (USD) | From above. | $13.26 |
| Current discount | Discount to share price of
$6.98
= -1 x ($6.98 - $13.26) / $13.26 |
47.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Cheetah Mobile's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Cheetah Mobile's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Cheetah Mobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Cheetah Mobile's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in CNY | CN¥10.44 |
| NYSE:CMCM Share Price ** | NYSE (2019-03-15) in USD | $6.98 |
| NYSE:CMCM Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.713 | CN¥46.86 |
| United States of America Software Industry PE Ratio | Median Figure of 84 Publicly-Listed Software Companies | 52.96x |
| United States of America Market PE Ratio | Median Figure of 3,054 Publicly-Listed Companies | 17.61x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Cheetah Mobile.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:CMCM Share Price ÷ EPS (both in CNY) = 46.86 ÷ 10.44 |
4.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cheetah Mobile is good value based on earnings compared to the US Software industry average.
- Cheetah Mobile is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Cheetah Mobile's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 4.49x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
-22.8%per year |
| United States of America Software Industry PEG Ratio | Median Figure of 66 Publicly-Listed Software Companies | 3.54x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.47x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 4.49x ÷ -22.8% |
-0.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cheetah Mobile earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Cheetah Mobile's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in CNY | CN¥35.10 |
| NYSE:CMCM Share Price * | NYSE (2019-03-15) in USD | $6.98 |
| NYSE:CMCM Share Price converted to CNY reporting currency | Exchange rate (USD/ CNY) 6.713 | CN¥46.86 |
| United States of America Software Industry PB Ratio | Median Figure of 220 Publicly-Listed Software Companies | 5.71x |
| United States of America Market PB Ratio | Median Figure of 5,152 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:CMCM Share Price ÷ Book Value per Share (both in CNY) = 46.86 ÷ 35.10 |
1.33x |
* Primary Listing of Cheetah Mobile.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Cheetah Mobile is good value based on assets compared to the US Software industry average.
Value checks
We assess Cheetah Mobile's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Software industry average (and greater than 0)? (1 check) Cheetah Mobile has a total score of 5/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Cheetah Mobile's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Cheetah Mobile's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Cheetah Mobile's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:CMCM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | -22.8% |
| NYSE:CMCM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 6.1% |
| United States of America Software Industry Earnings Growth Rate | Market Cap Weighted Average | 16.1% |
| United States of America Software Industry Revenue Growth Rate | Market Cap Weighted Average | 10.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 6,786 | 1 | ||
| 2022-12-31 | 6,513 | 1 | ||
| 2021-12-31 | 6,180 | 1 | ||
| 2020-12-31 | 5,552 | 811 | 740 | 3 |
| 2019-12-31 | 5,419 | 768 | 699 | 2 |
| 2018-12-31 | 5,016 | 345 | 671 | 2 |
| Date (Data in CNY Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 4,988 | 1,467 | |
| 2018-06-30 | 4,831 | 1,440 | |
| 2018-03-31 | 4,929 | 1,314 | |
| 2017-12-31 | 4,975 | 621 | 1,335 |
| 2017-09-30 | 4,862 | 360 | |
| 2017-06-30 | 4,795 | 221 | |
| 2017-03-31 | 4,640 | 0 | |
| 2016-12-31 | 4,565 | 398 | -81 |
| 2016-09-30 | 4,492 | -82 | |
| 2016-06-30 | 4,266 | -54 | |
| 2016-03-31 | 4,179 | 156 | |
| 2015-12-31 | 3,774 | 948 | 176 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Cheetah Mobile Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 5.05 | 5.05 | 5.05 | 1.00 |
| 2019-12-31 | 4.79 | 4.79 | 4.79 | 1.00 |
| 2018-12-31 | 4.62 | 4.62 | 4.62 | 1.00 |
| Date (Data in CNY Millions) | EPS * |
|---|---|
| 2018-09-30 | 10.44 |
| 2018-06-30 | 10.27 |
| 2018-03-31 | 9.39 |
| 2017-12-31 | 9.57 |
| 2017-09-30 | 2.59 |
| 2017-06-30 | 1.59 |
| 2017-03-31 | 0.00 |
| 2016-12-31 | -0.58 |
| 2016-09-30 | -0.60 |
| 2016-06-30 | -0.39 |
| 2016-03-31 | 1.13 |
| 2015-12-31 | 1.28 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Cheetah Mobile's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Cheetah Mobile has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Cheetah Mobile performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Cheetah Mobile has delivered over 20% year on year earnings growth in the past 5 years.
- Cheetah Mobile's 1-year earnings growth exceeds its 5-year average (307.7% vs 69.2%)
- Cheetah Mobile's earnings growth has exceeded the US Software industry average in the past year (307.7% vs 32.7%).
Earnings and Revenue History
All data from Cheetah Mobile Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CNY Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 4,988.34 | 1,467.21 | 2,163.86 | 629.65 |
| 2018-06-30 | 4,831.05 | 1,439.85 | 1,984.93 | 628.99 |
| 2018-03-31 | 4,929.15 | 1,313.51 | 2,028.02 | 640.77 |
| 2017-12-31 | 4,974.76 | 1,334.74 | 2,063.92 | 684.86 |
| 2017-09-30 | 4,861.62 | 359.88 | 2,063.69 | 768.35 |
| 2017-06-30 | 4,795.26 | 220.65 | 2,098.57 | 829.25 |
| 2017-03-31 | 4,640.37 | 0.00 | 2,153.40 | 889.76 |
| 2016-12-31 | 4,564.65 | -80.53 | 2,212.42 | 905.85 |
| 2016-09-30 | 4,492.12 | -82.48 | 2,301.29 | 884.71 |
| 2016-06-30 | 4,266.14 | -53.89 | 2,232.63 | 842.63 |
| 2016-03-31 | 4,179.46 | 156.32 | 2,179.44 | 769.96 |
| 2015-12-31 | 3,773.88 | 176.35 | 1,953.94 | 695.19 |
| 2015-09-30 | 3,160.62 | 147.58 | 1,594.92 | 601.06 |
| 2015-06-30 | 2,610.59 | 122.40 | 1,321.36 | 531.51 |
| 2015-03-31 | 2,157.27 | 75.85 | 1,035.43 | 491.77 |
| 2014-12-31 | 1,858.18 | 64.17 | 876.42 | 443.21 |
| 2014-09-30 | 1,443.87 | 52.43 | 677.66 | 374.97 |
| 2014-06-30 | 1,150.68 | 63.60 | 512.30 | 306.95 |
| 2014-03-31 | 929.31 | 42.24 | 395.45 | 256.92 |
| 2013-12-31 | 749.91 | 52.69 | 299.32 | 217.85 |
| 2013-09-30 | 602.57 | 55.22 | 225.76 | 193.04 |
| 2012-12-31 | 287.93 | 8.85 | 91.58 | 114.33 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Cheetah Mobile has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Cheetah Mobile used its assets more efficiently than the US Software industry average last year based on Return on Assets.
- Cheetah Mobile has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Cheetah Mobile's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Cheetah Mobile has a total score of 6/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Cheetah Mobile's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Cheetah Mobile's finances.
The net worth of a company is the difference between its assets and liabilities.
- Cheetah Mobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Cheetah Mobile's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Cheetah Mobile has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Cheetah Mobile Company Filings, last reported 5 months ago.
| Date (Data in CNY Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 5,803.20 | 0.00 | 3,618.62 |
| 2018-06-30 | 5,524.30 | 0.00 | 3,509.13 |
| 2018-03-31 | 5,121.42 | 0.00 | 3,346.35 |
| 2017-12-31 | 5,155.21 | 336.30 | 3,713.18 |
| 2017-09-30 | 3,834.88 | 462.03 | 2,283.05 |
| 2017-06-30 | 3,696.80 | 478.03 | 2,289.11 |
| 2017-03-31 | 3,325.00 | 491.85 | 1,847.58 |
| 2016-12-31 | 3,201.18 | 498.34 | 1,772.50 |
| 2016-09-30 | 3,005.42 | 485.61 | 1,279.06 |
| 2016-06-30 | 2,927.60 | 413.66 | 1,264.32 |
| 2016-03-31 | 3,101.21 | 140.06 | 1,683.70 |
| 2015-12-31 | 3,014.45 | 140.80 | 1,872.47 |
| 2015-09-30 | 2,848.38 | 10.74 | 1,245.84 |
| 2015-06-30 | 2,628.17 | 10.26 | 1,177.10 |
| 2015-03-31 | 2,358.12 | 0.00 | 1,265.87 |
| 2014-12-31 | 2,282.87 | 0.00 | 1,606.91 |
| 2014-09-30 | 2,223.74 | 0.00 | 1,740.79 |
| 2014-06-30 | 2,090.94 | 0.00 | 1,927.57 |
| 2014-03-31 | 632.45 | 0.00 | 496.12 |
| 2013-12-31 | 594.07 | 0.00 | 586.32 |
| 2013-09-30 | 541.10 | 0.00 | 514.05 |
| 2012-12-31 | 160.13 | 0.00 | 174.75 |
- Cheetah Mobile has no debt.
- Cheetah Mobile had no debt 5 years ago.
- Cheetah Mobile has no debt, it does not need to be covered by operating cash flow.
- Cheetah Mobile has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess Cheetah Mobile's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Cheetah Mobile has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Cheetah Mobile's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Cheetah Mobile
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Cheetah Mobile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Cheetah Mobile's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| United States of America Software Industry Average Dividend Yield | Market Cap Weighted Average of 24 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CN¥) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | ||
| 2020-12-31 | 0.00 | 2.00 |
| 2019-12-31 | 0.00 | 2.00 |
| 2018-12-31 | 0.00 | 3.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Cheetah Mobile has not reported any payouts.
- Unable to verify if Cheetah Mobile's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Cheetah Mobile's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Cheetah Mobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Cheetah Mobile has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| AGE | 40 |
| TENURE AS CEO | 8.3 years |
CEO Bio
Mr. Sheng Fu has been the Chief Executive Officer of Cheetah Mobile Inc. since November 2010. Mr. Fu serves as the Chief Executive Officer of Kingsoft Internet Securities Software Holdings Limited. He has been the Senior Vice President of Kingsoft Corporation Limited since March 7, 2011. He is responsible for the overall business of Kingsoft internet security business sector. Mr. Fu serves as the Chairman and Chief Executive Officer of Kingsoft Network Technology Limited (formerly, Keniu Network Technology (Beijing) Co., Ltd.). He is the Founder & Manager of Purple Cow Startup Fund. He joined the Kingsoft in November 2010. He served as the General Manager of 360 Security Guard. From March 2003 to October 2005, Mr. Fu served as the Product Manager of 3721 Internet Real Name and 3721 Internet Assistant. From November 2005 to August 2008, Mr. Fu worked at Qihoo 360 serving various management roles at its 360 department, a division then in charge of developing 360 products. He served as a Vice President of Matrix Partners China since November 2008. He served as Chief Executive Officer and Chairman of Conew Network Technology (Beijing) Co., Ltd since September 2009. He has been Chairman of the Board of Cheetah Mobile Inc. since March 2018. He has been a Director at Cheetah Mobile Inc. since November 2010 and MARKABLE, Inc. since January 10, 2017. He serves as a Director of certain subsidiaries of Kingsoft Corporation. Mr. Fu received a Bachelor's Degree in Economics from Shandong Institute of Business and Technology in China in 1999.
CEO Compensation
- Insufficient data for Sheng to compare compensation growth.
- Insufficient data for Sheng to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Cheetah Mobile management team in years:
- The average tenure for the Cheetah Mobile management team is less than 2 years, this suggests a new team.
Management Team
Sheng Fu
Chairman of the Board & CEO
40
8.3 yrs
Vincent Jiang
Chief Financial Officer
44
1.9 yrs
Helen Zhu
IR Director
Jie Xiao
Senior VP & Director
43
4.3 yrs
Pin Zhou
Senior VP & Director
40
1 yrs
Yuki He
Senior Vice President
35
1.2 yrs
Edward Sun
Senior Vice President
34
1.2 yrs
Ming Xu
Consultant
39
0.7 yrs
Jun Lei
49
1 yrs
Andy Yeung
External Advisor
45
1.9 yrs
Board of Directors Tenure
Average tenure and age of the Cheetah Mobile board of directors in years:
- The average tenure for the Cheetah Mobile board of directors is less than 3 years, this suggests a new board.
Board of Directors
Sheng Fu
Chairman of the Board & CEO
40
1 yrs
Jie Xiao
Senior VP & Director
43
1 yrs
Pin Zhou
Senior VP & Director
40
1 yrs
Richard Ji
Independent Director
52
4.8 yrs
Michael Zuo
Independent Director
38
1.3 yrs
Ning Zhang
Independent Director
44
1.2 yrs
Tao Zou
Director
43
2.3 yrs
Michael Yao
Independent Director
42
1.3 yrs
Tianyang Zhao
Independent Director
36
1.2 yrs
Rui Hao
Director
35
1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Cheetah Mobile's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Cheetah Mobile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Why We Think Cheetah Mobile Inc. (NYSE:CMCM) Could Be Worth Looking At
Help shape the future of investing tools and you could win a $250 gift card! … Upon building up an investment case for a stock, we should look at various aspects. … In the case of CMCM, it
Simply Wall St - – Full articleIs Cheetah Mobile Inc.'s (NYSE:CMCM) ROE Of 25% Impressive?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.25. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHere’s why Cheetah Mobile Inc.’s (NYSE:CMCM) Returns On Capital Matters So Much
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleCould Cheetah Mobile Inc's (NYSE:CMCM) Investor Composition Influence The Stock Price?
If you want to know who really controls Cheetah Mobile Inc (NYSE:CMCM), then you'll have to look at the makeup of its share registry. … Cheetah Mobile isn't enormous, but it's not particularly small either. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleAn Intrinsic Calculation For Cheetah Mobile Inc (NYSE:CMCM) Shows It's 39.35% Undervalued
by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleWho Owns Cheetah Mobile Inc (NYSE:CMCM)?
In this article, I'm going to take a look at Cheetah Mobile Inc’s (NYSE:CMCM) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … Therefore, it is beneficial for us to examine CMCM's ownership structure in more detail.
Simply Wall St - – Full articleIs Cheetah Mobile Inc's (NYSE:CMCM) 26.56% ROE Strong Compared To Its Industry?
Cheetah Mobile Inc (NYSE:CMCM) outperformed the application software industry on the basis of its ROE – producing a higher 26.56% relative to the peer average of 12.85% over the past 12 months. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … See our latest analysis for Cheetah Mobile
Simply Wall St - – Full articleHas Cheetah Mobile Inc's (NYSE:CMCM) Earnings Momentum Changed Recently?
After looking at Cheetah Mobile Inc's (NYSE:CMCM) latest earnings update (31 March 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … View our latest analysis for Cheetah Mobile? … CMCM's trailing twelve-month earnings (from 31 March 2018) of CN¥1.31b has
Simply Wall St - – Full articleInvestors Are Undervaluing Cheetah Mobile Inc (NYSE:CMCM) By 34.65%
by taking the foreast future cash flows of the company and discounting them back to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleIs Cheetah Mobile Inc (NYSE:CMCM) A Buy At Its Current PE Ratio?
and want to better understand how you can grow your money by investing in Cheetah Mobile Inc (NYSE:CMCM). … Cheetah Mobile Inc (NYSE:CMCM) is trading with a trailing P/E of 7.8x, which is lower than the industry average of 37x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind
Simply Wall St - – Full articleCompany Info
Description
Cheetah Mobile Inc. operates as a mobile Internet company worldwide. The company’s utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones. Its utility products also comprise Cheetah Keyboard, an artificial intelligence (AI)-enabled application; Photo Grid, a photo collage application for mobile devices; CM Locker, a lock screen with notifications and security; Duba Anti-virus, an Internet security application for PC and mobile devices; and SafeWallet, a mobile digital wallet. In addition, the company offers Live.me, a live video streaming application; and Cheez, an interactive short video application. Further, it provides mobile games comprising Piano Tiles 2, Rolling Sky, Dancing Line, Arrow.io, Tap Tap Fish, and Tap Tap Dash; and Cheetah Voicepod, an AI-based smart speaker. Additionally, the company offers mobile advertising platform; duba.com personal start page that aggregates online resources and provides users access to their online destinations; and cloud-based data analytics engines, as well as mobile advertising, and Web and mobile games publisher services. It serves direct advertisers that include mobile application developers, mobile game developers, and e-commerce companies, as well as search engines and partnering mobile advertising networks. The company was formerly known as Kingsoft Internet Software Holdings Limited and changed its name to Cheetah Mobile Inc. in March 2014. Cheetah Mobile Inc. was incorporated in 2009 and is headquartered in Beijing, People’s Republic of China.
Details
| Name: | Cheetah Mobile Inc. |
| CMCM | |
| Exchange: | NYSE |
| Founded: | 2009 |
| $978,631,723 | |
| 140,205,118 | |
| Website: | http://www.cmcm.com |
| Address: |
Cheetah Mobile Inc. Building No. 8, Hui Tong Times Square, Beijing, 100123, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | CMCM | ADR REPR 1 CL A ORD | New York Stock Exchange | US | USD | 08. May 2014 | |
| DB | 0C9A | ADR REPR 1 CL A ORD | Deutsche Boerse AG | DE | EUR | 08. May 2014 |
Number of employees
Current staff
Industry
| Application Software | |
| Software |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/18 00:35 |
| End of day share price update: | 2019/03/15 00:00 |
| Last estimates confirmation: | 2018/12/19 |
| Last earnings filing: | 2018/11/21 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2017/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
