KANZHUN LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.09 USD | +2.50% |
|
+12.61% | +20.95% |
| Mar. 18 | Kanzhun Awards 2.2 Million Shares to 41 Employees | MT |
| Mar. 13 | Barclays Raises Kanzhun's Price Target to $27 From $22, Maintains Overweight Rating | MT |
Valuation
| Fiscal Period: December | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Capitalization 1 | 88,613 | 60,711 | 64,385 | 64,385 | - |
| Enterprise Value (EV) 1 | 76,387 | 50,959 | 51,556 | 48,461 | 47,655 |
| P/E ratio | -47.4 x | 585 x | 48.3 x | 43.9 x | 29.9 x |
| Yield | - | - | - | - | - |
| Capitalization / Revenue | 20.8 x | 13.5 x | 8.66 x | 8.36 x | 6.7 x |
| EV / Revenue | 17.9 x | 11.3 x | 8.66 x | 6.3 x | 4.96 x |
| EV / EBITDA | 79 x | 72.5 x | 28.5 x | 19.1 x | 13.6 x |
| EV / FCF | 55.3 x | 76.9 x | 21 x | 15.1 x | 11.4 x |
| FCF Yield | 1.81% | 1.3% | 4.76% | 6.62% | 8.79% |
| Price to Book | 5.49 x | 5.22 x | 4.88 x | 3.93 x | 3.33 x |
| Nbr of stocks (in thousands) | 399,950 | 432,116 | 442,267 | 442,267 | - |
| Reference price 2 | 221.6 | 140.5 | 145.6 | 145.6 | 145.6 |
| 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 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 4,259 | 4,511 | 5,952 | 7,697 | 9,607 |
| EBITDA 1 | - | 967.4 | 702.8 | 1,894 | 2,536 | 3,507 |
| EBIT 1 | - | 887.3 | 562.7 | 1,638 | 2,274 | 3,176 |
| Operating Margin | - | 20.83% | 12.47% | 27.52% | 29.54% | 33.06% |
| Earnings before Tax (EBT) 1 | - | -1,012 | 117 | 1,222 | 1,614 | 2,503 |
| Net income 1 | -941.9 | -1,235 | 107.2 | 1,099 | 1,398 | 2,191 |
| Net margin | - | -29% | 2.38% | 18.47% | 18.16% | 22.8% |
| EPS 2 | - | -4.670 | 0.2400 | 2.440 | 3.315 | 4.863 |
| Free Cash Flow 1 | - | 1,381 | 662.9 | 2,574 | 3,208 | 4,187 |
| FCF margin | - | 32.44% | 14.7% | 43.56% | 41.68% | 43.59% |
| FCF Conversion (EBITDA) | - | 142.8% | 94.33% | 135.91% | 126.48% | 119.4% |
| FCF Conversion (Net income) | - | - | 618.14% | 258.54% | 229.45% | 191.13% |
| 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 Q2 | 2021 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,168 | 1,212 | 1,091 | 1,138 | 1,112 | 1,179 | 1,082 | 1,278 | 1,488 | 1,607 | 1,580 | 1,671 | 1,968 | 2,084 | 2,019 |
| EBITDA 1 | - | - | - | - | 96.31 | 341.1 | - | - | - | - | 498.2 | - | - | - | - |
| EBIT 1 | 239.8 | 410.1 | 368.8 | 130 | 226.1 | 302.9 | -96.24 | 135 | 433.9 | 549.4 | 519.7 | 343.3 | 640.8 | 686.4 | 644.3 |
| Operating Margin | 20.53% | 33.84% | 33.81% | 11.42% | 20.33% | 25.7% | -8.89% | 10.57% | 29.17% | 34.19% | 32.88% | 20.54% | 32.57% | 32.94% | 31.91% |
| Earnings before Tax (EBT) 1 | -1,414 | - | 262.5 | 0.396 | 108.9 | 239.5 | -216.9 | 54.64 | 329.1 | 457.6 | 380.5 | 216.6 | 379.1 | 430.6 | 445.1 |
| Net income 1 | -1,486 | 286.2 | 233.1 | -12.17 | 107.4 | 211.7 | -184.8 | 32.66 | 309.6 | 425.7 | 331.2 | 149.2 | 346.4 | 426 | 418.4 |
| Net margin | -127.2% | 23.62% | 21.37% | -1.07% | 9.65% | 17.96% | -17.07% | 2.56% | 20.81% | 26.5% | 20.96% | 8.93% | 17.6% | 20.44% | 20.72% |
| EPS 2 | -18.79 | 0.6200 | 0.5100 | -0.0300 | 0.2400 | 0.4600 | -0.4300 | - | 0.6900 | 0.9500 | 0.7300 | 0.3234 | 0.8586 | 1.064 | 0.9368 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/27/21 | 11/23/21 | 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 | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | - | 12,227 | 9,752 | 10,325 | 15,924 | 16,730 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | - | 1,381 | 663 | 2,574 | 3,208 | 4,187 |
| ROE (net income / shareholders' equity) | - | 12.2% | 7.17% | 16.6% | 14.9% | 17% |
| ROA (Net income/ Total Assets) | - | 9.11% | 5.62% | 9.43% | 9.48% | 10.9% |
| Assets 1 | - | -13,564 | 1,909 | 10,558 | 14,756 | 20,129 |
| Book Value Per Share 2 | - | 40.30 | 26.90 | 29.80 | 37.00 | 43.70 |
| Cash Flow per Share 2 | - | 6.200 | 2.200 | 5.720 | 6.780 | 9.090 |
| Capex 1 | - | 260 | 340 | 377 | 604 | 528 |
| Capex / Sales | - | 6.1% | 7.54% | 6.37% | 7.84% | 5.49% |
| 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
20
Last Close Price
145.6
CNY
Average target price
174.4
CNY
Spread / Average Target
+19.79%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.95% | 8.89B | |
| -10.10% | 5.57B | |
| -18.49% | 1.82B | |
| -25.47% | 1.03B | |
| -15.51% | 939M | |
| -16.02% | 759M | |
| -2.50% | 689M | |
| +7.31% | 231M | |
| -47.66% | 198M | |
| +6.00% | 191M |
- Stock Market
- Equities
- BZ Stock
- Financials Kanzhun Limited
