What changed
$BZ — BUY 📊 | 6 MONTHS THESIS
🎯 latest | Rev $298M | EPS $1.87 vs $1.79 🟢
💡 Consensus expected modest growth and EPS of ~$1.79, but actual EPS of $1.87 beat and revenue also beat. The market is pricing in persistent macro headwinds and regulatory risks, but BZ has shown resilience and cost discipline. Variant view: earnings can grow in low double-digits, and multiple can expand from 7.3x to 10x, driving 35%+ upside.
📉 Reward/risk: 2.2:1
🏢 Business Quality: 8/10 - Dominant position in China's online recruitment with high user engagement, strong brand (BOSS Zhipin), and a capital-light model generating robust free cash flow. However, exposed to cyclical employment market and regulatory shifts.
📊 Valuation: cheap - TTM P/E 7.3x, EV/EBITDA ~5x (adjusting for net cash), FCF yield >10%. Peers trade at 12-15x P/E even with lower growth.
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/BZ0614