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Kanzhun Ltd. Sponsored Adr (BZ)
:BZ
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Kanzhun Ltd Sponsored
(NASDAQ:BZ)
Rating:78Outperform
Price Target:
$24.00
▲(0.08% Upside)
Positive Factors
Business Model
Kanzhun has developed a strong competitive moat through its innovative direct recruitment model, supported by extensive enterprise and MAU bases, as well as recruitment facilitation technology.
Financial Performance
Kanzhun's online recruitment service revenue is forecast to increase, with an adjusted operating margin expected to improve from 31% to 41%, driven by enhanced operating leverage and efficiency.
Market Position
Kanzhun is the largest online recruitment platform in China in terms of both revenue and MAUs in 2024, according to CIC and analyst estimates.
Negative Factors
Economic Dependency
Kanzhun is expected to be one of the major beneficiaries amid macro recovery, with its ROE and expanding margin profile making it more positively geared towards macroeconomic improvements.
Market Growth
The online recruitment market is projected to grow at a CAGR of 10% over FY24-26E, driven by the rising online penetration rate.
Kanzhun Ltd Sponsored (BZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.32B
Dividend YieldN/A
Average Volume (3M)4.20M
Price to Earnings (P/E)35.9
Beta (1Y)1.25
Revenue Growth14.16%
EPS Growth51.61%
CountryUS
Employees5,688
SectorCommunication Services
Sector Strength96
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)0.29
Shares Outstanding411,726,900
10 Day Avg. Volume5,288,093
30 Day Avg. Volume4,200,548
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.50
Enterprise Value/Revenue0.75
Enterprise Value/Gross Profit0.89
Enterprise Value/Ebitda3.75
Forecast
1Y Price Target
$24.78Price Target Upside3.34% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Kanzhun Ltd Sponsored Business Overview & Revenue Model
Company DescriptionKanzhun Ltd Sponsored (BZ) is a leading online recruitment platform in China, primarily operating through its mobile application, BOSS Zhipin. The company facilitates direct interaction between job seekers and employers, enabling efficient and real-time communication. It serves a wide array of industries, offering services that cater to both white-collar and blue-collar job markets, and is recognized for its innovative approach to recruitment, leveraging advanced technology to streamline the hiring process.
How the Company Makes MoneyKanzhun Ltd makes money primarily through its recruitment services, where it charges employers for job postings, access to a vast pool of potential candidates, and advanced recruiting tools. The company offers various subscription packages and premium services that enhance the visibility of job listings and improve matchmaking efficiency. Additionally, Kanzhun Ltd generates revenue by providing value-added services such as resume optimization and professional branding for job seekers. The platform's success is bolstered by its extensive user base, strategic partnerships with companies across diverse sectors, and continuous investment in technology to enhance user experience and platform efficiency.
Kanzhun Ltd Sponsored Earnings Call Summary
Earnings Call Date:Aug 20, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 25, 2025
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance, significant progress in AI integration, and proactive shareholder return strategies. However, there were challenges such as a decline in verified graduate users and a temporary slowdown in blue-collar manufacturing. Overall, the positive aspects significantly outweigh the challenges.Q2-2025 Updates
Positive Updates
Strong Financial Performance
The company achieved a total revenue of RMB 2.1 billion, up 9.7% year-on-year. Net income reached RMB 710 million, reflecting a 70.4% year-on-year growth, achieving a net profit margin exceeding 33%.
User Growth and Engagement
Cumulatively added over 30 million verified new users. The average verified active users on the BOSS Zhipin app reached 63.56 million, up 16.5% year-on-year.
AI Integration and Innovation
Significant progress in AI applications, such as AI-assisted job recommendations and interview training robots, leading to improved user experience and operational efficiency.
Shareholder Returns
Completed a Hong Kong secondary share offer of HKD 2.2 billion. Announced an annual dividend policy with a dividend of USD 80 million and a new share repurchase program of up to USD 250 million.
Improved Margin and Cost Management
Adjusted operating profit was RMB 880 million, up 33% year-on-year, with an adjusted operating margin reaching 41.9%, up by 7.5 percentage points year-on-year.
Negative Updates
Decline in Verified Graduate Users
Incremental job-seeking demand from graduates moderated, with the number of newly added verified graduates declining over 20% year-on-year in June and July.
Challenges in Blue-Collar Manufacturing
Blue-collar manufacturing experienced a short-term slowdown in import due to tariffs but resumed year-on-year growth only from May onwards.
Company Guidance
During the Kanzhun Limited Second Quarter 2025 Financial Results Conference Call, the company provided several key financial metrics and strategic updates. The company reported a total revenue of RMB 2.1 billion, reflecting a 9.7% year-on-year increase, with net income reaching RMB 710 million, signifying a 70.4% growth and achieving a net profit margin exceeding 33%. Adjusted operating profit was RMB 880 million, up 33% year-on-year, and share-based compensation expenses decreased by nearly 10% quarter-on-quarter to RMB 230 million. The company also highlighted improvements in user growth, with over 30 million verified new users added from January to July. They noted a year-on-year increase of 16.5% in average active users on the BOSS Zhipin app, reaching 63.56 million. The company's progress in AI applications was significant, with AI tools aiding in both job seeker and enterprise user engagement. Additionally, the company completed a successful Hong Kong share offering, raising HKD 2.2 billion, and announced an annual dividend policy with a USD 80 million dividend for the fiscal year, alongside a new USD 250 million share repurchase program. The guidance for the third quarter of 2025 projects total revenues between RMB 2.13 billion and RMB 2.16 billion, indicating a year-on-year increase of 11.4% to 13%.Kanzhun Ltd Sponsored Financial Statement Overview
Summary
Kanzhun Ltd exhibits strong financial performance with robust revenue growth, high gross profit margins, and improved net profit margins. The balance sheet is stable with low debt levels, and cash flow generation is strong, although there is room for improvement in return on equity.Income Statement
Kanzhun Ltd has demonstrated robust revenue growth over the past years, with a significant increase from 2020 to TTM (Trailing-Twelve-Months). The gross profit margin has consistently been high, reflecting efficient cost management. Net profit margin has also improved, indicating a strong bottom line performance. The TTM EBIT and EBITDA margins are favorable, showcasing operational efficiency and profitability.85
Very Positive
Balance Sheet
The balance sheet reveals a very low debt-to-equity ratio, indicating strong financial stability and a conservative capital structure. The equity ratio is high, which suggests a solid financial foundation. However, there is room for improvement in return on equity, which, while positive, could be enhanced further to optimize shareholder returns.78
Positive
Cash Flow
Kanzhun Ltd displays a strong cash flow position with consistent growth in free cash flow. The operating cash flow to net income ratio is healthy, signifying effective cash generation from operations. Additionally, the free cash flow to net income ratio suggests efficient cash management, although ongoing investments should be monitored to ensure sustained liquidity.82
Very Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.58B | 7.36B | 5.95B | 4.51B | 4.26B | 1.94B |
| Gross Profit | 6.32B | 6.12B | 4.89B | 3.76B | 3.70B | 1.70B |
| EBITDA | 1.51B | 1.86B | 1.01B | 157.88M | -846.88M | -836.86M |
| Net Income | 1.86B | 1.58B | 1.10B | 107.25M | -1.07B | -937.79M |
Balance Sheet | ||||||
| Total Assets | 20.39B | 19.31B | 17.94B | 14.83B | 13.64B | 5.08B |
| Cash, Cash Equivalents and Short-Term Investments | 14.79B | 14.68B | 12.91B | 13.21B | 12.23B | 4.53B |
| Total Debt | 241.11M | 302.13M | 280.09M | 295.03M | 310.90M | 135.93M |
| Total Liabilities | 4.53B | 4.35B | 4.51B | 3.19B | 2.97B | 7.38B |
| Stockholders Equity | 15.76B | 14.87B | 13.43B | 11.64B | 10.67B | -2.30B |
Cash Flow | ||||||
| Free Cash Flow | 3.64B | 2.69B | 2.09B | 662.92M | 1.38B | 257.70M |
| Operating Cash Flow | 3.64B | 3.54B | 3.05B | 1.00B | 1.64B | 395.91M |
| Investing Cash Flow | -2.17B | -2.02B | -9.94B | -2.82B | -601.86M | 467.31M |
| Financing Cash Flow | -1.44B | -1.46B | -417.02M | -669.23M | 6.43B | 2.88B |
Kanzhun Ltd Sponsored Technical Analysis
Positive
23.98
Price Trends
20.38
Positive
18.61
Positive
17.04
Positive
Market Momentum
1.07
Negative
70.18
Negative
85.88
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BZ, the sentiment is Positive. The current price of 23.98 is above the 20-day moving average (MA) of 22.57, above the 50-day MA of 20.38, and above the 200-day MA of 17.04, indicating a bullish trend. The MACD of 1.07 indicates Negative momentum. The RSI at 70.18 is Negative, neither overbought nor oversold. The STOCH value of 85.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BZ.
Kanzhun Ltd Sponsored Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $2.23B | 9.64 | 50.61% | ― | 3.92% | 231.82% | |
78 Outperform | $11.32B | 35.95 | 13.65% | ― | 14.16% | 51.61% | |
64 Neutral | $3.80B | 21.22 | 12.75% | 6.21% | -6.95% | -41.84% | |
60 Neutral | $46.29B | 4.07 | -13.11% | 4.12% | 1.85% | -42.71% | |
54 Neutral | $451.28M | 225.24 | -2897.28% | ― | -16.20% | -222.75% | |
51 Neutral | $491.30M | 11.43 | -0.49% | 2.16% | 0.97% | -112.75% | |
49 Neutral | $2.10B | 52.76 | 31.50% | 4.44% | 2.40% | -75.66% |
* Communication Services Sector Average
Performance Comparison
BZ
Kanzhun Ltd Sponsored
23.98
11.75
96.08%
NSP
Insperity
54.00
-29.75
-35.52%
KELYA
Kelly Services
13.87
-5.87
-29.74%
RHI
Robert Half
37.03
-21.97
-37.24%
UPWK
Upwork
16.19
6.80
72.42%
ZIP
ZipRecruiter
4.92
-4.10
-45.45%
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.