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Cheetah Mobile

NYSE:CMCM
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CMCM
NYSE
$979M
Market Cap
  1. Home
  2. US
  3. Software
Company description

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
-5.3%
NYSE:CMCM
3.8%
US Software
2.9%
US Market
1 Year Returns
-47.1%
NYSE:CMCM
22%
US Software
1.4%
US Market
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.
Price Volatility
CMCM
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cheetah Mobile.

NYSE:CMCM Discounted Cash Flow Data Sources
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:CMCM
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.

NYSE:CMCM DCF 1st Stage: Next 10 year cash flow forecast
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
NYSE:CMCM DCF 2nd Stage: Terminal Value
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
NYSE:CMCM Total Equity Value
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
NYSE:CMCM Discount to Share Price
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
Amount off the current price Cheetah Mobile is available for.
Intrinsic value
47%
Share price is $6.98 vs Future cash flow value of $13.26
Current Discount Checks
For Cheetah Mobile to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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?
Raw Data
NYSE:CMCM PE (Price to Earnings) Ratio Data Sources
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.

NYSE:CMCM PE (Price to Earnings) Ratio Calculation
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?
Raw Data
NYSE:CMCM PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

NYSE:CMCM PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
NYSE:CMCM PB (Price to Book) Ratio Data Sources
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
NYSE:CMCM PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Cheetah Mobile's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. 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

 How is Cheetah Mobile expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

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!
Annual Growth Rate
-22.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cheetah Mobile expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:CMCM Future Growth Rates Data Sources
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
Raw Data
NYSE:CMCM Analysts Growth Expectations Data Sources
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 numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CMCM Future Estimates Data
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
NYSE:CMCM Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Cheetah Mobile's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Cheetah Mobile's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CMCM 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.

NYSE:CMCM Future Estimates Data
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
NYSE:CMCM Past Financials Data
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.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cheetah Mobile is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Cheetah Mobile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
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
Below we compare Cheetah Mobile's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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
Cheetah Mobile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cheetah Mobile Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CMCM Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Cheetah Mobile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Cheetah Mobile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • 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.
Raw Data

All data from Cheetah Mobile Company Filings, last reported 5 months ago.

NYSE:CMCM Past Debt and Equity Data
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.
X
Financial health checks
We assess Cheetah Mobile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cheetah Mobile has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
0%
Current annual income from Cheetah Mobile dividends. Estimated to be 0% next year.
If you bought $2,000 of Cheetah Mobile shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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.
Raw Data
NYSE:CMCM Annualized Past and Future Dividends
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.

NYSE:CMCM Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Cheetah Mobile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Cheetah Mobile has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Cheetah Mobile's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Cheetah Mobile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Cheetah Mobile's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Sheng Fu
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:

1.2
Average Tenure
40
Average Age
  • The average tenure for the Cheetah Mobile management team is less than 2 years, this suggests a new team.
Management Team

Sheng Fu

TITLE
Chairman of the Board & CEO
AGE
40
TENURE
8.3 yrs

Vincent Jiang

TITLE
Chief Financial Officer
AGE
44
TENURE
1.9 yrs

Helen Zhu

TITLE
IR Director

Jie Xiao

TITLE
Senior VP & Director
AGE
43
TENURE
4.3 yrs

Pin Zhou

TITLE
Senior VP & Director
AGE
40
TENURE
1 yrs

Yuki He

TITLE
Senior Vice President
AGE
35
TENURE
1.2 yrs

Edward Sun

TITLE
Senior Vice President
AGE
34
TENURE
1.2 yrs

Ming Xu

TITLE
Consultant
AGE
39
TENURE
0.7 yrs

Jun Lei

TITLE
AGE
49
TENURE
1 yrs

Andy Yeung

TITLE
External Advisor
AGE
45
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Cheetah Mobile board of directors in years:

1.2
Average Tenure
41
Average Age
  • 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

TITLE
Chairman of the Board & CEO
AGE
40
TENURE
1 yrs

Jie Xiao

TITLE
Senior VP & Director
AGE
43
TENURE
1 yrs

Pin Zhou

TITLE
Senior VP & Director
AGE
40
TENURE
1 yrs

Richard Ji

TITLE
Independent Director
AGE
52
TENURE
4.8 yrs

Michael Zuo

TITLE
Independent Director
AGE
38
TENURE
1.3 yrs

Ning Zhang

TITLE
Independent Director
AGE
44
TENURE
1.2 yrs

Tao Zou

TITLE
Director
AGE
43
TENURE
2.3 yrs

Michael Yao

TITLE
Independent Director
AGE
42
TENURE
1.3 yrs

Tianyang Zhao

TITLE
Independent Director
AGE
36
TENURE
1.2 yrs

Rui Hao

TITLE
Director
AGE
35
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Cheetah Mobile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Is 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 -

Here’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 -

Could 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 -

An 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 -

Who 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 -

Is 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 -

Has 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 -

Investors 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 -

Is 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 -

Company 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
Staff numbers
2,465
Cheetah Mobile employees.
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.