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← CockpitCompetitor Analysis › 2076.HK Kanzhun Ltd. Class AOpen in the cockpit ↗

Kanzhun Ltd. Class A2076.HKCompetitor analysis, valuation and peers

Hong Kong · HKD·Industrials›Commercial Printing/Forms

Operates BOSS Zhipin, China's leading direct-chat online recruitment platform connecting job seekers and employers.

≈ A Chinese LinkedIn/ZipRecruiter hybrid focused on direct chat-based hiringMomentum leader 92
Mkt cap
$8.39B
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$1.38M
20-day average traded
Fwd P/E
13.7×
forward earnings
ROIC−WACC
n/a
WACC 11.5%
Hurdle
-26 pp
Req g minus delivered
Next earnings
18 days
24 Nov 2026
Close · HKDHK$68.55
1D-1.9%
1W+8.8%
1M+15.8%
3M+9.4%
6M+23.2%
YTD-12.7%
1Y-20.1%
ATR %3.6%
52w lowhigh21.3% off high

What Kanzhun does

Operates BOSS Zhipin, China's leading direct-chat online recruitment platform connecting job seekers and employers.

Employers, not job seekers, pay: businesses buy subscription or usage packages to post jobs and chat with candidates, while using the app is free for seekers. Revenue therefore depends on the number of paying employers and what each spends, which tracks hiring conditions in China. The same company trades on Nasdaq as BZ.

In one line: A Chinese LinkedIn/ZipRecruiter hybrid focused on direct chat-based hiring.

Products and services

  • BOSS Zhipin app
  • Employer subscription/recruitment services
  • Job-seeker premium services

Customers

  • Job seekers
  • Employers/HR departments

Where it sits in the supply chain

  • Communication services
  • Online recruitment platform
  • Direct chat-based job matching

What could go right

  • China white-collar hiring activity growth
  • Blue-collar recruitment expansion

What could go wrong

  • China hiring-market cyclicality
  • Regulatory scrutiny of data/algorithms

Moat: narrow (network effects, data, scale). Large two-sided user base and matching-algorithm data create network effects versus smaller recruitment apps.

Headquarters: Beijing, China · Founded: 2014 · Employees: 4,884

Named competitors

Kanzhun at a glance

Size Kanzhun (2076.HK) is a Hong Kong Industrials company (Commercial Printing/Forms) with a market value of $8.39B, the 186th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$68.55 on 6 Nov 2026.

Performance Over six months the shares gained 23.2%, against -13.8% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 16.3% over the last twelve months (peer median +0.5%); the operating margin is 33.1% (peer median 7.0%).

Valuation It trades at 13.7× forward earnings against a peer median of 15.1× (7th cheapest of 15).

Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -26 pp: the price already allows for a slowdown.

Next results Next results expected around 24 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20262076.HK 123Peer median 86
Six months, rebased to 100: Kanzhun against the median of its 20 peers (local-currency closes).

Kanzhun financials

Reported figures in HKD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueHK$9.74BHK$8.97BHK$7.98BHK$6.58BHK$5.25B
Revenue growth—+12%+21%+25%—
Gross profitHK$8.37BHK$7.63BHK$6.63BHK$5.41BHK$4.37B
EBITDAn/aHK$3.58BHK$1.97BHK$1.08BHK$163M
Net incomeHK$5.19BHK$2.97BHK$1.72BHK$1.21BHK$125M
Free cash flown/aHK$4.81BHK$2.91BHK$2.31BHK$771M
Capital expendituren/aHK$129MHK$928MHK$1.06BHK$396M
Total debtHK$250MHK$176MHK$322MHK$308MHK$331M

Quarterly statements and history in the cockpit →

Kanzhun competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%+20%79127911300364FOURCMPRDLX600681002229002191002599002117EBF603058TCPLPACKQUAD0006952076.HK6-month return →1-month return →
Up and to the right = strong over both horizons. Kanzhun is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×500×1,000×79127911300364FOURCMPRDLX0021910021177868WPL2076.HKRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kanzhun is the large dot.

Capital: growth delivered against growth the price implies

0%+20%0%20%FOURCMPRDLX600681002599002117EBF6030587868TCPLPACKQUADWPL2076.HKGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kanzhun is the large dot.

Kanzhun competitors and peer comparison

Head to head with its named competitors (2076.HK vs MSFT)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Kanzhun 2076.HK$8.39B+23%+16%33%13.7×6.3%
Microsoft MSFT$3.94T+28%+18%47%25.5×17.2%

How Kanzhun compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kanzhun against its 20 peers (data as of 6 Nov 2026)
Measure2076.HKPeer medianRank in peer set
1-month return+15.8%-6.1%2nd highest of 21
6-month return+23.2%-13.8%2nd highest of 20
Distance from 52-week high-21.3%-35.0%7th highest of 21
Revenue growth (TTM)+16.3%+0.5%4th highest of 20
Operating margin33.1%7.0%highest of 20
Forward P/E13.7×15.1×7th cheapest of 15
Growth the price implies (Req g, 7 yrs)6.3%3.7%5th most demanding of 13
Growth delivered (Del g)+32.6%+3.7%highest of 13
Hurdle (Req g minus delivered)-26.3 pp-2.8 pp2nd least demanding of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kanzhun 2076.HKHong Kong$8.39B+23%+16%33%13.7×6.3%+32.6%
Dai Nippon Printing 7912.TJapan$6.96B-14%+4%7%11.8×n/an/a
Toppan 7911.TJapan$6.77B-3%+9%4%15.0×n/an/a
COL Global 300364.SZChina$2.86B-9%+9%-16%1,310.0×n/an/a
4imprint FOUR.LUnited Kingdom$1.65B+23%-4%10%16.7×10.2%+18.5%
Cimpress CMPRUnited States$1.39B-38%+10%6%12.4×5.4%+7.7%
Deluxe DLXUnited States$1.22B0%0%13%6.6×2.1%+3.6%
Manipal Payment and Identity Solutions MPIMANIPAL.NSIndia$768Mn/an/an/an/an/an/a
Bestsun Energy 600681.SSChina$696M-15%-7%10%n/a-8.3%+3.9%
Hongbo 002229.SZChina$677M-44%-59%-47%n/an/an/a
Shenzhen Jinjia 002191.SZChina$674M-16%+32%-16%33.1×n/an/a
Beijing Shengtong Printing 002599.SZChina$552M-17%-4%0%40.8×28.4%0.0%
Tungkong 002117.SZChina$543M-32%-12%12%22.3×5.7%+0.3%
Ennis EBFUnited States$528M+1%+2%14%13.3×-12.4%+1.9%
Yongji Printing 603058.SSChina$492M-28%-15%8%n/a25.0%+15.1%
KOSAIDO 7868.TJapan$434M-24%-5%18%15.2×-13.5%+2.8%
TCPL Packaging TCPLPACK.NSIndia$427M+58%+5%12%28.0×22.0%+15.0%
Shaanxi Jinye Science Technology and Education 000812.SZChina$406M-13%+1%-8%n/an/an/a
Quad/Graphics QUADUnited States$388M+2%-5%5%5.8×-7.0%-3.8%
Tianjin Binhai Energy & Development 000695.SZChina$386M-28%+57%-8%n/an/an/a
Wirtualna Polska WPL.WAPoland$364M-6%+39%11%11.4×-5.0%+28.5%

Questions

Who are Kanzhun's main competitors?
Named competitors: LinkedIn (Microsoft) (MSFT). The cockpit's measured peer set (industry) also includes Dai Nippon Printing (7912.T), Toppan (7911.T), COL Global (300364.SZ), 4imprint (FOUR.L), Cimpress (CMPR), Deluxe (DLX).
Is Kanzhun expensive compared with its peers?
On forward p/e it trades at 13.7× against a peer median of 15.1×, 7th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -26 pp: the price already allows for a slowdown.
How has Kanzhun stock performed?
Over six months to 6 Nov 2026 the shares returned +23.2% against -13.8% for the median peer; over one year -20.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.