- An increasing number of Chinese companies are adopting a multi-cloud strategy, and Kingsoft Cloud is a potential beneficiary as the largest independent cloud service provider in China.
- Kingsoft Cloud is also picking the right spots with its focus on premium customers and key verticals.
- The company still derives the majority of its revenue from public cloud services, suggesting that more work has to be done to grow its presence in the enterprise cloud segment.
- Kingsoft Cloud suffers from concentration risks, as the company derives a significant proportion of its revenue from its largest shareholders and its top customers.
- Kingsoft Cloud trades at 8.3 times trailing twelve months' Enterprise Value-to-Revenue and 4.9 times consensus forward next twelve months' Enterprise Value-to-Revenue.
For further details see:
Kingsoft Cloud: China's Largest Independent Cloud Service Provider