Education
About Us
Working with TipRanks
Follow Us
Cheetah Mobile (CMCM)
NYSE:CMCM
Top Page
Cheetah Mobile
(NYSE:CMCM)
53Neutral
Cheetah Mobile (CMCM) vs. S&P 500 (SPY)
Market Cap
$131.41M
Dividend YieldN/A
Average Volume (3M)48.43K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees845
SectorCommunication Services
Sector Strength76
IndustryInternet Content & Information
Share Statistics
EPS (TTM)-2.85
Shares Outstanding9,862,098
10 Day Avg. Volume42,252
30 Day Avg. Volume48,432
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.61
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Cheetah Mobile Business Overview & Revenue Model
Company DescriptionCheetah Mobile Inc. operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. 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; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications. In addition, it offers mobile games comprising Piano Tiles 2, Rolling Sky, and Dancing Line; value-added products, such as PC and mobile products, as well as wallpaper, office optimization software, and others; E-Coupon vending robot, a reception and marketing robot; and multi-cloud management platform and overseas advertising agency service. Further, the company provides mobile advertising publisher services; duba.com personal start page that aggregates online resources and provides users access to their online destinations; cloud-based data analytics engines; artificial intelligence and other services; and premium membership 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 based in Beijing, the People's Republic of China.
How the Company Makes MoneyCheetah Mobile generates revenue primarily through advertising and in-app purchases. The company leverages its large user base to sell advertising space within its applications, which is a significant source of revenue. Additionally, Cheetah Mobile earns money from in-app purchases, where users pay for premium features or services within the apps. The company also engages in partnerships with other tech firms to expand its reach and enhance its service offerings, which can contribute to its earnings.
Cheetah Mobile Financial Statement Overview
Summary
Cheetah Mobile's financial performance has faced significant challenges, with declining revenue and profitability. The income statement shows a major decline in net income, while the balance sheet reflects stable leverage but declining equity. Cash flow has improved with positive operating cash flow, but sustainability remains a concern.Income Statement
Cheetah Mobile has shown a significant decline in revenue and profitability over the analyzed period. The company has consistently reported negative net income and EBIT, indicating ongoing operational challenges. The gross profit margin has decreased substantially from 65.4% in 2019 to 65.3% in 2023, while the net profit margin remains negative, deteriorating from -10.4% in 2019 to -90.0% in 2023. Revenue growth is negative, reflecting a shrinking business scale.45
Neutral
Balance Sheet
The company's balance sheet indicates a relatively stable financial position with a low debt-to-equity ratio of 0.01 in 2023, reflecting prudent leverage management. However, the return on equity (ROE) is negative due to ongoing losses, and equity has decreased over time. The equity ratio of 43.6% in 2023 suggests moderate financial stability, but the decline in stockholders' equity is concerning.60
Neutral
Cash Flow
Cheetah Mobile's cash flow situation has shown improvement with positive operating cash flow in 2023, contrasting prior negative figures. The free cash flow has turned positive, indicating better cash generation. However, the operating cash flow to net income ratio is distorted by negative net income, and the overall cash flow management needs attention to ensure sustainability.50
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 735.85M | 669.50M | 884.07M | 784.62M | 1.56B | 3.59B | Gross Profit |
| 471.99M | 437.56M | 631.50M | 526.96M | 1.11B | 2.35B | EBIT |
| -280.89M | -209.84M | -225.59M | -229.57M | -531.11M | -565.25M | EBITDA |
| -255.69M | -174.57M | -172.57M | -178.75M | -462.57M | -490.98M | Net Income Common Stockholders |
| -413.58M | -602.90M | -522.19M | -353.20M | 416.73M | -373.59M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.67B | 2.02B | 1.67B | 1.85B | 1.66B | 2.35B | Total Assets |
| 5.14B | 5.63B | 5.14B | 4.98B | 5.63B | 7.01B | Total Debt |
| 41.47M | 35.99M | 41.47M | 48.13M | 18.83M | 58.50M | Net Debt |
| -1.47B | -1.98B | -1.47B | -1.54B | -1.28B | -924.50M | Total Liabilities |
| 2.03B | 2.97B | 2.03B | 1.62B | 1.83B | 2.02B | Stockholders Equity |
| 3.03B | 2.46B | 3.03B | 3.28B | 3.76B | 4.93B |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | 540.78M | -431.03M | 55.99M | -105.40M | -341.72M | Operating Cash Flow |
| 0.00 | 550.46M | -424.25M | 102.81M | -46.13M | -239.54M | Investing Cash Flow |
| 0.00 | -49.06M | 189.05M | 220.84M | 1.88B | -1.09B | Financing Cash Flow |
| 0.00 | -6.78M | -4.87M | -9.64M | -1.45B | -485.07M |
Cheetah Mobile Technical Analysis
Negative
4.38
Price Trends
5.04
Negative
4.97
Negative
4.51
Negative
Market Momentum
-0.11
Positive
33.85
Neutral
18.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMCM, the sentiment is Negative. The current price of 4.38 is below the 20-day moving average (MA) of 4.95, below the 50-day MA of 5.04, and below the 200-day MA of 4.51, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 33.85 is Neutral, neither overbought nor oversold. The STOCH value of 18.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CMCM.
Cheetah Mobile Risk Analysis
Cheetah Mobile disclosed 86 risk factors in its most recent earnings report. Cheetah Mobile reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cheetah Mobile Peers Comparison
Overall Rating
UnderperformOutperform
Sector (59)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $24.37B | 24.02 | 10.75% | 0.92% | 0.63% | 34.09% | |
79 Outperform | $63.31B | 15.77 | 22.60% | 2.42% | 0.23% | -0.09% | |
76 Outperform | $33.67B | 10.18 | 9.14% | ― | -2.60% | 16.71% | |
63 Neutral | $2.43B | 8.25 | 8.74% | ― | -0.29% | -12.84% | |
59 Neutral | $27.96B | 0.79 | -25.77% | 4.12% | 2.19% | -45.44% | |
53 Neutral | $131.41M | ― | -24.55% | ― | ― | ― | |
52 Neutral | $2.16B | 14.64 | -2.96% | ― | -1.33% | -148.56% |
* Communication Services Sector Average
Performance Comparison
CMCM
Cheetah Mobile
4.38
1.43
48.47%
BIDU
Baidu
93.37
-15.07
-13.90%
NTES
NetEase
100.72
4.70
4.89%
YY
JOYY
41.55
9.69
30.41%
WB
Weibo
9.39
0.82
9.57%
TME
Tencent Music Entertainment Group
14.38
3.35
30.37%
Cheetah Mobile Earnings Call Summary
Earnings Call Date: Mar 26, 2025 | % Change Since: -10.61% | Next Earnings Date: Jun 6, 2025
Earnings Call Sentiment Positive
Cheetah Mobile demonstrated strong revenue growth and significant advancements in reducing operating losses, with notable achievements in their robotics and AI segments. The introduction of new technologies like AgentOS and successful expansion into global markets further highlight their positive trajectory. However, the company continues to face challenges in achieving profitability and navigating early-stage market dynamics in robotics.Highlights
Robust Revenue Growth
Total revenue grew 42% year-over-year and 23% quarter-over-quarter in Q4 2024, with a full year revenue increase of 21% to RMB807 million.
Reduction in Non-GAAP Operating Losses
Non-GAAP operating losses decreased by about RMB18 million quarter-over-quarter and about RMB7 million year-over-year to RMB42 million in Q4 2024.
Strong Cash Flow Generation
The company generated about $39 million in operating cash flow, closing Q4 with a net cash position of about $250 million.
Expansion in Robotics Business
Robotics revenue outgrew other business segments within AI and others, contributing about one-third of AI and other revenues, or about 10% of total revenues.
Launch of AgentOS
Introduction of AgentOS, a next-generation voice interaction system for service robots, enhancing voice-enabled capabilities and expanding the total addressable market.
Global Expansion and Market Leadership
Cheetah became the largest service robot provider in Italy within 12 months and plans to open a European headquarters in Germany.
Lowlights
Continued Operating Losses
Despite reductions, the company still reported a non-GAAP operating loss of RMB42 million in Q4 2024.
Challenges in AI and Robotics Market Expansion
The robotics market is still in an early stage with a lot of required investments and competition.
Company Guidance
During the Cheetah Mobile Fourth Quarter 2024 Earnings Conference Call, the company reported a robust 42% year-over-year and 23% quarter-over-quarter increase in total revenue for Q4, reaching RMB237 million. For the full year 2024, total revenue increased by 21% to RMB807 million. The company's non-GAAP gross profits rose by 74% year-over-year and 32% quarter-over-quarter to RMB172 million, with non-GAAP gross margins increasing to 73%. Non-GAAP operating losses were reduced by RMB18 million quarter-over-quarter and RMB7 million year-over-year, totaling RMB42 million. The company's Internet business accounted for 68% of total revenue, showing a 49% year-over-year increase, while the AI and robotics segment grew by 29% year-over-year and 33% quarter-over-quarter. The company aims to become a top three service robot provider globally within three years, leveraging its AgentOS and advanced LLMs to enhance product offerings and expand market share. Cheetah Mobile closed Q4 with a net cash position of approximately $250 million and $100 million in long-term investments.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.