BZ - Kanzhun Limited
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$21.71
DETAILS
HIGH:
$28.00
LOW:
$15.00
MEDIAN:
$22.75
CONSENSUS:
$21.71
UPSIDE:
57.89%
AlphaVal
Deterministic, archetype-aware fair value
Platform & Compounding FCF
85% confidence
Primary model: Two-stage FCF DCF
Adjust Assumptions
16.9%
11.0%
3.0%
Key Value Driver
FCF growth rate (17% base case)
Terminal Value % of EV
44%
Implied Market Multiple
6.1x
Plain-Language Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $21.71 from 9 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $44.41 per share.
Warnings
Stock-based employee pay equals 33% of profits. This dilutes existing shareholders, so cash flow alone overstates what owners really earn.
Wall Street's average price target is $21.71 (from 9 analysts). Our estimate is 131% above the consensus -- consider that gap carefully.
Financial statements were converted from CNY into USD using USDCNY at 0.1474 USD per CNY.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions