KANZHUN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 18.89 USD | +2.66% |
|
-1.87% | +13.73% |
| Jun. 17 | Kanzhun Issues 1.2 Million Shares to Director, 153 Other Staff Under Post-IPO Grant | MT |
| May. 27 | Kanzhun Buys Back Shares | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 88,613 | 60,711 | 51,556 | 60,459 | - | - |
| Enterprise Value (EV) 1 | 76,387 | 50,959 | 42,440 | 45,390 | 43,194 | 38,968 |
| P/E ratio | -47.4 x | 585 x | 48.3 x | 38.6 x | 26.1 x | 19.3 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 20.8 x | 13.5 x | 8.66 x | 7.8 x | 6.22 x | 5.1 x |
| EV / Revenue | 17.9 x | 11.3 x | 7.13 x | 5.85 x | 4.44 x | 3.29 x |
| EV / EBITDA | 79 x | 72.5 x | 22.4 x | 16.6 x | 11.7 x | 8.83 x |
| EV / FCF | 55.3 x | 76.9 x | 20.3 x | 13.8 x | 10 x | 7.61 x |
| FCF Yield | 1.81% | 1.3% | 4.93% | 7.23% | 9.97% | 13.1% |
| Price to Book | 5.49 x | 5.22 x | 3.29 x | 3.86 x | 3.22 x | 2.72 x |
| Nbr of stocks (in thousands) | 399,950 | 432,116 | 437,334 | 440,307 | - | - |
| Reference price 2 | 221.6 | 140.5 | 117.9 | 137.3 | 137.3 | 137.3 |
| Announcement Date | 3/23/22 | 3/20/23 | 3/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,259 | 4,511 | 5,952 | 7,754 | 9,722 | 11,852 |
| EBITDA 1 | - | 967.4 | 702.8 | 1,897 | 2,737 | 3,698 | 4,415 |
| EBIT 1 | - | 887.3 | 562.7 | 1,638 | 2,406 | 3,302 | 4,214 |
| Operating Margin | - | 20.83% | 12.47% | 27.52% | 31.02% | 33.96% | 35.56% |
| Earnings before Tax (EBT) 1 | - | -1,012 | 117 | 1,222 | 1,655 | 2,578 | 3,491 |
| Net income 1 | -941.9 | -1,235 | 107.2 | 1,099 | 1,589 | 2,293 | 2,983 |
| Net margin | - | -29% | 2.38% | 18.47% | 20.5% | 23.59% | 25.17% |
| EPS 2 | - | -4.670 | 0.2400 | 2.440 | 3.554 | 5.260 | 7.131 |
| Free Cash Flow 1 | - | 1,381 | 662.9 | 2,091 | 3,283 | 4,309 | 5,122 |
| FCF margin | - | 32.44% | 14.7% | 35.14% | 42.34% | 44.32% | 43.22% |
| FCF Conversion (EBITDA) | - | 142.8% | 94.33% | 110.27% | 119.94% | 116.5% | 116.02% |
| FCF Conversion (Net income) | - | - | 618.14% | 190.27% | 206.57% | 187.88% | 171.7% |
| Dividend per Share 2 | - | - | - | - | - | - | - |
| Announcement Date | 5/21/21 | 3/23/22 | 3/20/23 | 3/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,091 | 1,138 | 1,112 | 1,179 | 1,082 | 1,278 | 1,488 | 1,607 | 1,580 | 1,704 | 1,950 | 2,081 | 2,057 | 2,128 | 2,422 |
| EBITDA 1 | - | - | 96.31 | 341.1 | - | - | - | - | - | - | 582 | 653 | 659 | - | - |
| EBIT 1 | 368.8 | 130 | 226.1 | 302.9 | -96.24 | 135 | 433.9 | 549.4 | 519.7 | 392.6 | 623.5 | 692.4 | 715.5 | - | - |
| Operating Margin | 33.81% | 11.42% | 20.33% | 25.7% | -8.89% | 10.57% | 29.17% | 34.19% | 32.88% | 23.04% | 31.97% | 33.27% | 34.77% | - | - |
| Earnings before Tax (EBT) 1 | 262.5 | 0.396 | 108.9 | 239.5 | -216.9 | 54.64 | 329.1 | 457.6 | 380.5 | 259.4 | 381.2 | 443.2 | 408.7 | - | - |
| Net income 1 | 233.1 | -12.17 | 107.4 | 211.7 | -184.8 | 32.66 | 309.6 | 425.7 | 331.2 | 245 | 408.5 | 448.4 | 487.4 | - | - |
| Net margin | 21.37% | -1.07% | 9.65% | 17.96% | -17.07% | 2.56% | 20.81% | 26.5% | 20.96% | 14.38% | 20.95% | 21.54% | 23.69% | - | - |
| EPS 2 | 0.5100 | -0.0300 | 0.2400 | 0.4600 | -0.4300 | - | 0.6900 | 0.9500 | 0.7300 | 0.5400 | 0.8915 | 1.059 | 0.9976 | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/23/22 | 6/24/22 | 8/23/22 | 11/29/22 | 3/20/23 | 5/24/23 | 8/29/23 | 11/14/23 | 3/12/24 | 5/21/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 12,227 | 9,752 | 9,116 | 15,069 | 17,265 | 21,491 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 1,381 | 663 | 2,091 | 3,283 | 4,309 | 5,122 |
| ROE (net income / shareholders' equity) | - | 12.2% | 7.17% | 17.2% | 18.8% | 19.6% | 19.4% |
| ROA (Net income/ Total Assets) | - | 9.11% | 5.62% | 13.2% | 14.2% | 13.6% | 11.4% |
| Assets 1 | - | -13,564 | 1,909 | 8,352 | 11,232 | 16,876 | 26,282 |
| Book Value Per Share 2 | - | 40.30 | 26.90 | 35.80 | 35.60 | 42.60 | 50.50 |
| Cash Flow per Share 2 | - | 6.200 | 2.200 | 6.680 | 8.250 | 10.50 | 12.60 |
| Capex 1 | - | 260 | 340 | 956 | 632 | 421 | 394 |
| Capex / Sales | - | 6.1% | 7.54% | 16.05% | 8.15% | 4.33% | 3.32% |
| Announcement Date | 5/21/21 | 3/23/22 | 3/20/23 | 3/12/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D-
Sell
Buy
Mean consensus
BUY
Number of Analysts
23
Last Close Price
137.3
CNY
Average target price
189.3
CNY
Spread / Average Target
+37.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +13.73% | 8.32B | |
| -24.21% | 4.81B | |
| -11.58% | 1.96B | |
| -14.05% | 936M | |
| -35.25% | 894M | |
| -19.89% | 717M | |
| -7.16% | 646M | |
| +11.32% | 241M | |
| -4.50% | 166M | |
| -60.31% | 152M |
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