BZ - Kanzhun Limited
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$21.71
DETAILS
HIGH:
$28.00
LOW:
$15.00
MEDIAN:
$22.75
CONSENSUS:
$21.71
UPSIDE:
57.89%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 8,267.5 | 7,355.7 | 5,952.0 | 4,511.1 | 4,259.1 | 1,944.4 | 998.7 |
| Cost of Revenue | 1,235.2 | 1,239.7 | 1,059.9 | 754.9 | 554.6 | 240.2 | 137.8 |
| Gross Profit | 7,032.4 | 6,116.0 | 4,892.2 | 3,756.2 | 3,704.5 | 1,704.1 | 860.9 |
| Operating Expenses | |||||||
| R&D Expenses | 1,653.6 | 1,815.8 | 1,543.6 | 1,182.7 | 822.0 | 513.4 | 325.6 |
| SG&A Expenses | 2,892.6 | 3,167.0 | 2,803.0 | 2,720.6 | 3,933.8 | 2,144.5 | 1,049.8 |
| Other Expenses | 22.1 | (39.8) | (35.4) | (17.6) | (15.0) | (8.8) | (2.6) |
| Operating Expenses | 4,568.3 | 4,943.0 | 4,311.2 | 3,885.7 | 4,740.8 | 2,649.1 | 1,372.8 |
| Operating Income | |||||||
| Operating Income | 2,464.1 | 1,172.9 | 581.0 | (129.5) | (1,036.3) | (944.9) | (511.9) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 706.0 | 625.3 | 606.8 | 226.5 | 34.5 | 3.1 | 0.1 |
| Profitability | |||||||
| EBITDA | 3,279.1 | 1,859.4 | 1,008.9 | 157.9 | (846.9) | (836.9) | (454.4) |
| EBIT | 2,464.1 | 1,172.9 | 581.0 | (129.5) | (1,036.3) | (944.9) | (511.9) |
| Income Before Tax | 3,200.2 | 1,832.7 | 1,221.8 | 117.0 | (1,011.5) | (941.9) | (502.1) |
| Income Tax Expense | 509.7 | 265.6 | 122.6 | 9.8 | 59.5 | 0 | 0 |
| Net Income | 2,735.3 | 1,584.7 | 1,099.2 | 107.2 | (1,071.1) | (937.8) | (502.1) |
| Per Share Data | |||||||
| EPS (Basic) | 5.88 | 3.52 | 2.44 | 0.24 | -2.85 | -2.05 | -1.07 |
| EPS (Diluted) | 5.74 | 3.51 | 2.44 | 0.24 | -2.76 | -2.05 | -1.07 |
| Shares Outstanding | 450.5 | 450.0 | 450.5 | 434.5 | 433.3 | 458.5 | 458.5 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 4,107.5 | 2,553.1 | 2,473.0 | 9,751.8 | 11,341.8 | 3,998.2 | 407.4 |
| Short-Term Investments | 15,850.5 | 12,128.0 | 10,436.7 | 3,458.1 | 885.0 | 536.4 | 1,142.0 |
| Net Receivables | 186.4 | 205.0 | 16.7 | 9.9 | 411.7 | 121.9 | 75.5 |
| Inventory | 2.4 | 3.0 | 206.2 | 280.0 | 0 | 0 | 82.7 |
| Other Current Assets | 221.5 | 32.0 | 34.3 | 1.6 | (621.0) | (0.2) | (82.4) |
| Total Current Assets | 20,368.3 | 15,100.4 | 13,373.0 | 13,826.3 | 12,959.0 | 4,747.3 | 1,707.8 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 1,407.4 | 2,036.6 | 2,076.1 | 980.7 | 678.2 | 335.4 | 170.6 |
| Goodwill | 6.5 | 6.5 | 5.7 | 5.7 | 0 | 0 | 0 |
| Intangible Assets | 100.9 | 252.6 | 8.1 | 10.3 | 0.5 | 0.5 | 0.6 |
| Long-Term Investments | 1,899.4 | 1,914.5 | 2,473.1 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 783.0 | 0 | 4 | 4 | 4 | 0 | 0 |
| Total Non-Current Assets | 4,215.4 | 4,210.3 | 4,567.0 | 1,000.6 | 682.7 | 336.0 | 171.2 |
| Total Assets | 24,583.7 | 19,310.7 | 17,940.0 | 14,826.9 | 13,641.6 | 5,083.3 | 1,879.0 |
| Current Liabilities | |||||||
| Account Payables | 120.0 | 110.7 | 629.2 | 185.3 | 33.0 | 19.5 | 42.6 |
| Short-Term Debt | 94.1 | 0 | 0 | 0 | 0 | (395.6) | 0 |
| Deferred Revenue | 3,238.0 | 3,175 | 2,867.3 | 2,119.5 | 1,999.6 | 1,225.2 | 629.3 |
| Other Current Liabilities | 324.9 | 240.2 | 0 | 0 | (403.9) | 135.4 | 0 |
| Total Current Liabilities | 4,374.0 | 4,192.1 | 4,357.4 | 3,031.1 | 2,784.2 | 1,720.0 | 1,007.9 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 143.6 | 183.4 | 0 | 0 |
| Deferred Tax Liabilities | 51.7 | 0 | 28.4 | 11.4 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 34.5 | 28.4 | (143.6) | (183.4) | 5,587 | 2,494.4 |
| Total Non-Current Liabilities | 115.8 | 155.8 | 153.5 | 155.0 | 183.4 | 5,663.4 | 2,532.1 |
| Total Liabilities | 4,489.8 | 4,347.9 | 4,510.9 | 3,186.1 | 2,967.6 | 7,383.4 | 3,539.9 |
| Stockholders' Equity | |||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.1 | 0.1 |
| Retained Earnings | 1,224.2 | (902.6) | (2,492.3) | (3,586.5) | (3,693.1) | (2,622.0) | (1,680.2) |
| Accumulated Other Comprehensive Income | 894.8 | 1,054.6 | 898.8 | 695.2 | (257.8) | (130.4) | 19.2 |
| Total Stockholders' Equity | 20,093.8 | 14,867.4 | 13,429.2 | 11,640.8 | 10,674.1 | (2,300.1) | (1,660.9) |
| Total Liabilities & Equity | 24,583.7 | 19,310.7 | 17,940.0 | 14,826.9 | 13,641.6 | 5,083.3 | 1,879.0 |
| Debt Metrics | |||||||
| Total Debt | 158.1 | 302.1 | 280.1 | 295.0 | 310.9 | 135.9 | 94.9 |
| Net Debt | (3,949.4) | (2,251.0) | (2,192.9) | (9,456.8) | (11,030.9) | (3,862.3) | (312.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 2,690.5 | 1,567.0 | 1,099.2 | 107.2 | (1,071.1) | (941.9) | (502.1) |
| Depreciation & Amortization | 815.0 | 0 | 427.9 | 287.4 | 189.4 | 108.0 | 57.5 |
| Stock-Based Compensation | 912.0 | 1,143.7 | 1,057.0 | 692.2 | 417.3 | 124.1 | 34.2 |
| Change in Working Capital | 162.8 | 146.4 | 737.7 | (41.0) | 603.9 | 567.2 | 304.6 |
| Other Non-Cash Items | (7.0) | 676.9 | (288.9) | (52.1) | 1,506.4 | 533.1 | 0.0 |
| Operating Cash Flow | 4,552.4 | 3,542.5 | 3,047.0 | 1,003.0 | 1,641.4 | 395.9 | (105.7) |
| Investing Activities | |||||||
| Capital Expenditure | (119.1) | (856.0) | (955.5) | (340.1) | (259.9) | (138.2) | (64.0) |
| Acquisitions | 0 | 0 | (0.1) | (9.9) | 0 | 0 | 0 |
| Purchases of Investments | (29,140.1) | 0 | (19,262.1) | (5,213.1) | (3,940) | (1,834.4) | (1,171.9) |
| Sales/Maturities of Investments | 24,600.4 | 0 | 10,272.1 | 2,746.2 | 3,598 | 2,439.9 | 12.1 |
| Other Investing Activities | 50.6 | (2,016.9) | 7.0 | 0.3 | 0.0 | 0.0 | 0.0 |
| Investing Cash Flow | (4,608.2) | (2,016.9) | (9,938.6) | (2,816.6) | (601.9) | 467.3 | (1,223.8) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (142.8) | (1,651.9) | (71.8) | (918.9) | (11.6) | 0 | 0 |
| Dividends Paid | (553.0) | 0 | (562.9) | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 191.3 | 217.7 | 249.7 | 36.0 | 0 | 0 |
| Financing Cash Flow | 1,654.5 | (1,460.5) | (417.0) | (669.2) | 6,431.3 | 2,882.1 | 993.5 |
| Cash Position | |||||||
| Net Change in Cash | 1,551.8 | 80.1 | (7,278.9) | (1,589.9) | 7,343.6 | 3,590.8 | (292.9) |
| Cash at Beginning | 2,553.1 | 2,473.0 | 9,751.8 | 11,341.8 | 3,998.2 | 407.4 | 700.2 |
| Cash at End | 4,104.9 | 2,553.1 | 2,473.0 | 9,751.8 | 11,341.8 | 3,998.2 | 407.4 |
| Free Cash Flow | 4,433.2 | 2,686.4 | 2,091.5 | 662.9 | 1,381.5 | 257.7 | (169.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 8,267.5 | 7,355.7 | 5,952.0 | 4,511.1 | 4,259.1 | 1,944.4 | 998.7 |
| Gross Profit | 7,032.4 | 6,116.0 | 4,892.2 | 3,756.2 | 3,704.5 | 1,704.1 | 860.9 |
| Operating Income | 2,464.1 | 1,172.9 | 581.0 | (129.5) | (1,036.3) | (944.9) | (511.9) |
| Net Income | 2,735.3 | 1,584.7 | 1,099.2 | 107.2 | (1,071.1) | (937.8) | (502.1) |
| EPS (Diluted) | 5.74 | 3.51 | 2.44 | 0.24 | -2.76 | -2.05 | -1.07 |
| Balance Sheet | |||||||
| Cash & Equivalents | 4,107.5 | 2,553.1 | 2,473.0 | 9,751.8 | 11,341.8 | 3,998.2 | 407.4 |
| Total Assets | 24,583.7 | 19,310.7 | 17,940.0 | 14,826.9 | 13,641.6 | 5,083.3 | 1,879.0 |
| Total Debt | 158.1 | 302.1 | 280.1 | 295.0 | 310.9 | 135.9 | 94.9 |
| Stockholders' Equity | 20,093.8 | 14,867.4 | 13,429.2 | 11,640.8 | 10,674.1 | (2,300.1) | (1,660.9) |
| Cash Flow | |||||||
| Operating Cash Flow | 4,552.4 | 3,542.5 | 3,047.0 | 1,003.0 | 1,641.4 | 395.9 | (105.7) |
| Capital Expenditure | (119.1) | (856.0) | (955.5) | (340.1) | (259.9) | (138.2) | (64.0) |
| Free Cash Flow | 4,433.2 | 2,686.4 | 2,091.5 | 662.9 | 1,381.5 | 257.7 | (169.7) |