Cheetah Mobile
Market Cap
US$416.5m
Last Updated
2020/02/23 02:10 UTC
Data Sources
Company Financials +
Executive Summary
Cheetah Mobile Inc. operates as a mobile Internet company worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -59.6% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet and undervalued.
Similar Companies
Share Price & News
How has Cheetah Mobile's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CMCM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-15.3%
CMCM
-2.7%
US Software
-1.1%
US Market
1 Year Return
-59.5%
CMCM
35.5%
US Software
17.9%
US Market
Return vs Industry: CMCM underperformed the US Software industry which returned 35.5% over the past year.
Return vs Market: CMCM underperformed the US Market which returned 17.9% over the past year.
Shareholder returns
| CMCM | Industry | Market | |
|---|---|---|---|
| 7 Day | -15.3% | -2.7% | -1.1% |
| 30 Day | -19.6% | 5.4% | 1.4% |
| 90 Day | -11.3% | 13.0% | 6.9% |
| 1 Year | -54.4%-59.5% | 36.9%35.5% | 20.3%17.9% |
| 3 Year | -65.1%-69.0% | 144.6%134.3% | 47.8%38.3% |
| 5 Year | -82.5%-84.5% | 213.3%190.8% | 71.9%53.0% |
Price Volatility Vs. Market
How volatile is Cheetah Mobile's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Does Cheetah Mobile Inc. (NYSE:CMCM) Have A Particularly Volatile Share Price?2 months ago | Simply Wall St
Is It Time To Consider Buying Cheetah Mobile Inc. (NYSE:CMCM)?3 months ago | Simply Wall St
Why Cheetah Mobile Inc.’s (NYSE:CMCM) Use Of Investor Capital Doesn’t Look GreatValuation
Is Cheetah Mobile undervalued compared to its fair value and its price relative to the market?
42.1%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CMCM ($2.99) is trading below our estimate of fair value ($5.16)
Significantly Below Fair Value: CMCM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CMCM is good value based on its PE Ratio (2.4x) compared to the Software industry average (49.4x).
PE vs Market: CMCM is good value based on its PE Ratio (2.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: CMCM's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: CMCM is good value based on its PB Ratio (0.5x) compared to the US Software industry average (5.9x).
Next Steps
Future Growth
How is Cheetah Mobile forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
-59.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMCM's earnings are forecast to decline over the next 3 years (-59.6% per year).
Earnings vs Market: CMCM's earnings are forecast to decline over the next 3 years (-59.6% per year).
High Growth Earnings: CMCM's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CMCM's revenue is expected to decline over the next 3 years (-5.4% per year).
High Growth Revenue: CMCM's revenue is forecast to decline over the next 3 years (-5.4% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CMCM's Return on Equity is forecast to be low in 3 years time (4.8%).
Next Steps
Past Performance
How has Cheetah Mobile performed over the past 5 years?
55.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMCM has a high level of non-cash earnings.
Growing Profit Margin: CMCM's current net profit margins (27.6%) are lower than last year (29.4%).
Past Earnings Growth Analysis
Earnings Trend: CMCM's earnings have grown significantly by 55.6% per year over the past 5 years.
Accelerating Growth: CMCM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMCM had negative earnings growth (-18%) over the past year, making it difficult to compare to the Software industry average (18.4%).
Return on Equity
High ROE: CMCM's Return on Equity (21.1%) is considered high.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Cheetah Mobile's financial position?
Financial Position Analysis
Short Term Liabilities: CMCM's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: CMCM's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥417.4M).
Debt to Equity History and Analysis
Debt Level: CMCM is debt free.
Reducing Debt: CMCM had no debt 5 years ago.
Debt Coverage: CMCM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CMCM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: CMCM has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CMCM's debt is covered by short term assets.
Next Steps
Dividend
What is Cheetah Mobile's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CMCM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CMCM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CMCM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CMCM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of CMCM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.0yrs
Average management tenure
CEO
Sheng Fu (41yo)
9.3yrs
Tenure
Mr. Sheng Fu serves as Founding Managing Partner at Purple Bull Startups. He has been the Chief Executive Officer at Cheetah Mobile Inc. since November 2010. Mr. Fu serves as the Chief Executive Officer at ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 9.3yrs | no data | 4.97% CN¥20.7m | |
| Chief Financial Officer | 0.08yrs | no data | no data | |
| IR Director | 0yrs | no data | no data | |
| Senior VP & Director | 1.9yrs | no data | no data | |
| Senior VP & Director | 1.9yrs | no data | no data | |
| Senior Vice President | 2.1yrs | no data | no data | |
| Consultant | 1.6yrs | no data | no data | |
| 1.9yrs | no data | no data | ||
| External Advisor | 2.8yrs | no data | no data |
2.0yrs
Average Tenure
41yo
Average Age
Experienced Management: CMCM's management team is considered experienced (2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 9.3yrs | no data | 4.97% CN¥20.7m | |
| Senior VP & Director | 1.9yrs | no data | no data | |
| Senior VP & Director | 1.9yrs | no data | no data | |
| Independent Director | 2.2yrs | no data | no data | |
| Director | 3.2yrs | no data | no data | |
| Independent Director | 2.1yrs | no data | no data | |
| Independent Director | 2.1yrs | no data | no data | |
| Independent Director | 5.8yrs | no data | no data | |
| Independent Director | 2.1yrs | no data | no data |
2.1yrs
Average Tenure
44yo
Average Age
Experienced Board: CMCM's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cheetah Mobile Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Cheetah Mobile Inc.
- Ticker: CMCM
- Exchange: NYSE
- Founded: 2009
- Industry: Application Software
- Sector: Software
- Market Cap: US$416.528m
- Shares outstanding: 139.31m
- Website: https://www.cmcm.com
Number of Employees
Location
- Cheetah Mobile Inc.
- Building No. 8
- Hui Tong Times Square
- Beijing
- 100123
- China
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMCM | NYSE (New York Stock Exchange) | Yes | ADR | US | USD | May 2014 |
| 0C9A | DB (Deutsche Boerse AG) | Yes | ADR | DE | EUR | May 2014 |
Biography
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, Tap Tap Dash, and Bricks n Balls; and Cheetah Voicepod, an AI-based smart speaker; Cheetah Translator, a portable hand-held voice translation device; and Cheetah GreetBot, a reception robot. Additionally, the company offers mobile advertising publisher services; duba.com personal start page that aggregates online resources and provides users access to their online destinations; and cloud-based data analytics engines. 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, the People’s Republic of China.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 02:10 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.