Kanzhun Ltd Sponsored (BZ)
NASDAQ:BZ
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Kanzhun Ltd Sponsored
(NASDAQ:BZ)
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Rating:78Outperform
Price Target:
$21.00
▲(60.92% Upside)
Action:ReiteratedDate:11/20/25
Kanzhun Ltd's strong financial performance and positive earnings call sentiment are the primary drivers of its high score. The company's robust revenue and profit growth, coupled with successful AI integration, position it well for future growth. However, the technical indicators suggest a bearish trend, and the valuation is moderate, which slightly tempers the overall score.
Positive Factors
Robust revenue & profit growth
Sustained double-digit revenue growth and a large jump in GAAP net profit signal improving unit economics and pricing power on the employer side. This durable improvement supports reinvestment, margin stability and creates a stronger cash conversion base over the next several quarters.
Negative Factors
One-off intangible impairment
A material impairment highlights past capitalized investments that underperformed, raising questions about prior allocation discipline. While one-off, it reduces reported equity and may constrain near-term discretionary spending or force stricter ROI scrutiny on future M&A or IP investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust revenue & profit growth
Sustained double-digit revenue growth and a large jump in GAAP net profit signal improving unit economics and pricing power on the employer side. This durable improvement supports reinvestment, margin stability and creates a stronger cash conversion base over the next several quarters.
Read all positive factors
Kanzhun Ltd Sponsored (BZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.47B
Dividend Yield0.7%
Average Volume (3M)4.54M
Price to Earnings (P/E)24.1
Beta (1Y)1.40
Revenue Growth12.55%
EPS Growth68.28%
CountryUS
Employees5,688
SectorCommunication Services
Sector Strength97
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.28
Shares Outstanding420,207,030
10 Day Avg. Volume3,154,775
30 Day Avg. Volume4,540,822
Financial Highlights & Ratios
PEG Ratio0.65
Price to Book (P/B)3.05
Price to Sales (P/S)6.16
P/FCF Ratio16.87
Enterprise Value/Market Cap5.78
Enterprise Value/Revenue4.67
Enterprise Value/Gross Profit5.53
Enterprise Value/Ebitda17.34
Forecast
1Y Price Target
$21.50Price Target Upside64.75% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)8.46
Revenue Forecast (FY)$9.31B
Kanzhun Ltd Sponsored Business Overview & Revenue Model
Company Description
Kanzhun Limited operates an online recruitment platform, BOSS Zhipin in the People's Republic of China. Its recruitment platform assists the recruitment process between job seekers and employers for enterprises, and corporations. The company was f...
How the Company Makes Money
Kanzhun Ltd generates revenue primarily through a subscription-based model, where employers pay for enhanced services to post job listings and access a larger pool of candidates. The company also earns money from advertising services, allowing fir...
Kanzhun Ltd Sponsored Earnings Call Summary
Earnings Call Date:Mar 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive picture: solid revenue growth, materially improved adjusted profitability and margins, strong user and engagement metrics, disciplined cost control, robust cash generation, an investor-friendly shareholder return policy, and promising AI-driven product and revenue initiatives. Notable negatives include a sharp rise in income tax (including an OECD Pillar Two top-up), a one-off impairment that increased FY G&A, near-term seasonality that softens Q1 guidance, modest ARPPU growth despite SME penetration, and ongoing uncertainty about AI's long-term market impact. On balance, the strengths and positive momentum materially outweigh the listed challenges.Positive Updates
Revenue Growth (Q4 and FY2025)
Q4 revenue of RMB 2.08 billion, up 14% year-on-year; full year 2025 revenue of RMB 8.27 billion, up 12.4% year-on-year.
Negative Updates
Higher Income Tax Expense and OECD Pillar Two Impact
Income tax expense in Q4 rose to RMB 165 million, up 81% YoY, driven by higher pre-tax income and a RMB 38 million top-up tax provision related to OECD Pillar Two global minimum tax rules.
Read all updates
Q4-2025 Updates
Positive
Negative
Revenue Growth (Q4 and FY2025)
Q4 revenue of RMB 2.08 billion, up 14% year-on-year; full year 2025 revenue of RMB 8.27 billion, up 12.4% year-on-year.
Read all positive updates
Company Guidance
Management guided Q1 2026 revenue of RMB 2.050–2.085 billion (up 6.6%–8.4% year‑over‑year), noting the later Lunar New Year compressed the quarter but expecting revenue acceleration in subsequent quarters and targeting at least 40 million newly verified users in 2026; they also flagged that closed‑loop placement revenue—already at the "hundreds of millions" RMB scale in 2025—is expected to double or triple this year. For shareholder returns, the Board approved allocating no less than 50% of the prior year’s adjusted net income (2025 adjusted net income: RMB 3.6 billion, implying ≥RMB 1.8 billion per year) to dividends and repurchases over the next three years, increased the buyback program cap to US$400 million through Aug 28, 2027 (up from US$250 million), and noted a USD 80 million dividend in 2025 and USD 50 million of repurchases year‑to‑date 2026. Despite planned AI and other investments, management expects adjusted operating margin to slightly increase from 2025’s 40.8% (Q4 adj. op. margin 43.3%), supported by RMB 19.9 billion cash on hand.Kanzhun Ltd Sponsored Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.01B | 7.36B | 5.95B | 4.51B | 4.26B | 1.94B |
| Gross Profit | 6.77B | 6.12B | 4.89B | 3.76B | 3.70B | 1.70B |
| EBITDA | 2.16B | 1.86B | 1.01B | 157.88M | -846.88M | -836.86M |
| Net Income | 2.49B | 1.58B | 1.10B | 107.25M | -1.07B | -937.79M |
Balance Sheet | ||||||
| Total Assets | 24.16B | 19.31B | 17.94B | 14.83B | 13.64B | 5.08B |
| Cash, Cash Equivalents and Short-Term Investments | 19.21B | 14.68B | 12.91B | 13.21B | 12.23B | 4.57B |
| Total Debt | 165.85M | 302.13M | 280.09M | 295.03M | 310.90M | 135.93M |
| Total Liabilities | 4.87B | 4.35B | 4.51B | 3.19B | 2.97B | 7.38B |
| Stockholders Equity | 19.20B | 14.87B | 13.43B | 11.64B | 10.67B | -2.30B |
Cash Flow | ||||||
| Free Cash Flow | 3.33B | 2.69B | 2.09B | 662.92M | 1.38B | 257.70M |
| Operating Cash Flow | 4.18B | 3.54B | 3.05B | 1.00B | 1.64B | 395.91M |
| Investing Cash Flow | -3.89B | -2.02B | -9.94B | -2.82B | -601.86M | 467.31M |
| Financing Cash Flow | 1.59B | -1.46B | -417.02M | -669.23M | 6.43B | 2.88B |
Kanzhun Ltd Sponsored Technical Analysis
Negative
13.05
Price Trends
15.52
Negative
17.98
Negative
19.72
Negative
Market Momentum
-0.65
Negative
31.82
Neutral
22.65
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZ, the sentiment is Negative. The current price of 13.05 is below the 20-day moving average (MA) of 13.53, below the 50-day MA of 15.52, and below the 200-day MA of 19.72, indicating a bearish trend. The MACD of -0.65 indicates Negative momentum. The RSI at 31.82 is Neutral, neither overbought nor oversold. The STOCH value of 22.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BZ.
Kanzhun Ltd Sponsored Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $6.47B | 24.13 | 15.19% | 0.70% | 12.55% | 68.28% | |
70 Outperform | $1.39B | 22.43 | 18.76% | ― | 2.50% | 187.92% | |
61 Neutral | $127.27M | -5.14 | -13.17% | ― | -9.13% | -1032.39% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $1.25B | -104.17 | -0.65% | 4.96% | -2.44% | -156.01% | |
45 Neutral | $944.34M | -210.19 | -7.69% | 6.37% | 3.19% | -86.21% | |
44 Neutral | $168.83M | -10.62 | 57.25% | ― | -10.14% | -1381.34% |
* Communication Services Sector Average
BZ
Kanzhun Ltd Sponsored
13.05
-1.40
-9.69%
DHX
DHI Group
2.83
1.30
84.97%
NSP
Insperity
25.03
-54.71
-68.61%
MAN
ManpowerGroup
26.93
-22.63
-45.66%
UPWK
Upwork
10.66
-2.07
-16.26%
ZIP
ZipRecruiter
2.00
-3.52
-63.77%
Kanzhun Ltd Sponsored Corporate Events
Kanzhun Updates Share Capital After Option Exercises and Class B-to-A Conversions
Jan 9, 2026
On January 9, 2026, Kanzhun Limited reported changes to its share capital structure for early January 2026, disclosing small issuances of new Class A ordinary shares from the exercise of employee share options on January 2 and January 5, 2026, and...
Kanzhun Limited Reports December 2025 Share Capital Movements in Hong Kong Filing
Jan 7, 2026
On 7 January 2026, Kanzhun Limited filed its January 2026 Form 6-K and corresponding monthly return to the Hong Kong Stock Exchange, detailing share capital movements for the month ended 31 December 2025. The filing shows that total authorised sha...
Kanzhun Discloses New Share Issuances From Employee and Director Equity Awards in December 2025
Dec 18, 2025
On December 17, 2025, Kanzhun Limited reported to the Hong Kong Stock Exchange that between December 5 and December 16, 2025, it issued a series of new Class A ordinary shares under its share incentive plans, mainly through the exercise of employe...
Kanzhun Limited Announces Share Changes Amid Incentive Plans
Dec 5, 2025
On December 5, 2025, Kanzhun Limited reported changes in its issued shares, including the issuance of new shares as part of share awards and options. This development is part of the company’s ongoing share incentive plans, which aim to motiv...
Kanzhun Limited Reports November 2025 Share Capital Movements
Dec 4, 2025
On December 4, 2025, Kanzhun Limited reported its monthly return for equity issuers and Hong Kong Depositary Receipts for November 2025. The report highlighted no changes in the authorized share capital for both Class A and Class B ordinary shares...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.