Kanzhun Net Worth

Kanzhun Net Worth Breakdown

  BZ
The net worth of Kanzhun Ltd ADR is the difference between its total assets and liabilities. Kanzhun's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Kanzhun's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Kanzhun's net worth can be used as a measure of its financial health and stability which can help investors to decide if Kanzhun is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Kanzhun Ltd ADR stock.

Kanzhun Net Worth Analysis

Kanzhun's net worth analysis, or its valuation, is the process of determining the total value of the company. This involves assessing a range of factors, including Kanzhun's financial performance, assets, liabilities, and potential for growth. The ultimate goal is to provide a clear understanding of Kanzhun's overall worth, which can help investors make informed investment decisions. There are several methods that can be used to perform Kanzhun's net worth analysis. One common approach is to calculate Kanzhun's market capitalization.Another approach is to use the price-to-earnings ratio (P/E ratio), which compares Kanzhun's stock price to its earnings per share (EPS). Discounted cash flow (DCF) analysis is another popular method for assessing Kanzhun's net worth. This approach calculates the present value of Kanzhun's future cash flows, taking into account factors such as growth rate, profitability, and risk. By comparing the present value of Kanzhun's cash flows to its current stock price, investors can gain a better understanding of the company's overall value. Finally, investors may use comparable company analysis to evaluate Kanzhun's net worth. This involves comparing Kanzhun's financial metrics to similar companies in the same industry. By identifying companies with similar financial characteristics, investors can gain insight into Kanzhun's net worth relative to its peers.

Enterprise Value

82.74 Billion

To determine if Kanzhun is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Kanzhun's net worth research are outlined below:
Kanzhun Ltd ADR appears to be risky and price may revert if volatility continues
Kanzhun Ltd ADR has a strong financial position based on the latest SEC filings
About 67.0% of the company shares are held by institutions such as insurance companies
Latest headline from news.google.com: Kanzhun Limited Schedules Board Meeting and Earnings Call - TipRanks.com - TipRanks

Kanzhun Quarterly Good Will

5.69 Million

Kanzhun uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Kanzhun Ltd ADR. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Kanzhun's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
18th of March 2024
Upcoming Quarterly Report
View
22nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
18th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Kanzhun Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Kanzhun target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Kanzhun's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   20  Strong Buy
Most Kanzhun analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Kanzhun stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Kanzhun Ltd ADR, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Kanzhun Target Price Projection

Kanzhun's current and average target prices are 20.76 and 18.76, respectively. The current price of Kanzhun is the price at which Kanzhun Ltd ADR is currently trading. On the other hand, Kanzhun's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Kanzhun Market Quote on 12th of May 2024

Low Price20.23Odds
High Price20.9Odds

20.76

Target Price

Analyst Consensus On Kanzhun Target Price

Low Estimate17.07Odds
High Estimate20.82Odds

18.76

Historical Lowest Forecast  17.07 Target Price  18.76 Highest Forecast  20.82
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Kanzhun Ltd ADR and the information provided on this page.

Know Kanzhun's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Kanzhun is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Kanzhun Ltd ADR backward and forwards among themselves. Kanzhun's institutional investor refers to the entity that pools money to purchase Kanzhun's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Norges Bank2023-12-31
5.9 M
Sands Capital Management, Llc2023-12-31
5.5 M
State Street Corporation2023-12-31
4.2 M
Canada Pension Plan Investment Board2023-12-31
3.2 M
Bamco Inc2023-12-31
2.8 M
Aspex Management (hk) Ltd2023-12-31
2.8 M
Assenagon Asset Management Sa2024-03-31
2.8 M
Tiger Pacific Capital Lp2023-12-31
2.5 M
E Fund Management Co., Ltd.2023-12-31
2.4 M
Krane Funds Advisors Llc2024-03-31
15.1 M
T. Rowe Price Associates, Inc.2023-12-31
13.9 M
Note, although Kanzhun's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Follow Kanzhun's market capitalization trends

The company currently falls under 'Mid-Cap' category with a market capitalization of 9.2 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Kanzhun's market, we take the total number of its shares issued and multiply it by Kanzhun's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

88.65 Billion

Project Kanzhun's profitablity

Kanzhun's profitability indicators refer to fundamental financial ratios that showcase Kanzhun's ability to generate income relative to its revenue or operating costs. If, let's say, Kanzhun is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Kanzhun's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Kanzhun's profitability requires more research than a typical breakdown of Kanzhun's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.06  0.06 
Return On Capital Employed 0.04  0.04 
Return On Assets 0.06  0.06 
Return On Equity 0.08  0.15 
The company has Net Profit Margin (PM) of 0.18 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.14 %, which signifies that for every $100 of sales, it has a net operating income of $0.14.
When accessing Kanzhun's net worth, it's important to look at multiple sources and consider different scenarios. For example, gross profit margin measures Kanzhun's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Kanzhun's profitability and make more informed investment decisions.
The data published in Kanzhun's official financial statements usually reflect Kanzhun's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Kanzhun Ltd ADR. For example, before you start analyzing numbers published by Kanzhun accountants, it's critical to develop an understanding of what Kanzhun's liquidity, profitability, and earnings quality are in the context of the Interactive Media & Services space in which it operates.
Please note, the presentation of Kanzhun's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Kanzhun's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Kanzhun's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Kanzhun Ltd ADR. Please utilize our Beneish M Score to check the likelihood of Kanzhun's management manipulating its earnings.

Evaluate Kanzhun's management efficiency

Kanzhun Ltd ADR has Return on Asset (ROA) of 0.0222 % which means that for every $100 of assets, it generated a profit of $0.0222. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.0877 %, which means that it produced $0.0877 on every 100 dollars invested by current stockholders. Kanzhun's management efficiency ratios could be used to measure how well Kanzhun manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to 0.06 in 2024. Return On Capital Employed is likely to rise to 0.04 in 2024. At this time, Kanzhun's Net Tangible Assets are fairly stable compared to the past year. Non Current Assets Total is likely to rise to about 4.8 B in 2024, whereas Total Assets are likely to drop slightly above 11.7 B in 2024.
Last ReportedProjected for Next Year
Book Value Per Share 29.81  31.30 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share 29.78  31.27 
Enterprise Value Over EBITDA 50.52  53.05 
Price Book Value Ratio 3.95  4.15 
Enterprise Value Multiple 50.52  53.05 
Price Fair Value 3.95  4.15 
Enterprise Value50.9 B82.7 B
The analysis of Kanzhun's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Kanzhun's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Kanzhun Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Enterprise Value Revenue
1.2396
Revenue
B
Quarterly Revenue Growth
0.46
Revenue Per Share
13.678
Return On Equity
0.0877
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Kanzhun insiders, such as employees or executives, is commonly permitted as long as it does not rely on Kanzhun's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Kanzhun insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Kanzhun Corporate Filings

6K
9th of May 2024
A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges.
ViewVerify
29th of April 2024
Other Reports
ViewVerify
13A
13th of February 2024
An amended filing to the original Schedule 13G
ViewVerify
Kanzhun time-series forecasting models is one of many Kanzhun's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Kanzhun's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Kanzhun Earnings Estimation Breakdown

The calculation of Kanzhun's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Kanzhun is estimated to be 0.14 with the future projection ranging from a low of 0.12 to a high of 0.16. Please be aware that this consensus of annual earnings estimates for Kanzhun Ltd ADR is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
1.39
0.12
Lowest
Expected EPS
0.14
0.16
Highest

Kanzhun Earnings Projection Consensus

Suppose the current estimates of Kanzhun's value are higher than the current market price of the Kanzhun stock. In this case, investors may conclude that Kanzhun is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Kanzhun's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2024Current EPS (TTM)
071.07%
1.39
0.14
0.34

Kanzhun Earnings History

Earnings estimate consensus by Kanzhun Ltd ADR analysts from Wall Street is used by the market to judge Kanzhun's stock performance. Investors also use these earnings estimates to evaluate and project the stock performance into the future in order to make their investment decisions. However, we recommend analyzing not only Kanzhun's upcoming profit reports and earnings-per-share forecasts but also comparing them to our different valuation methods.

Kanzhun Quarterly Gross Profit

1.31 Billion

At this time, Kanzhun's Earnings Yield is fairly stable compared to the past year. Price Earnings To Growth Ratio is likely to rise to 0.05 in 2024, whereas Retained Earnings are likely to drop (2.6 B) in 2024. Net Income Applicable To Common Shares is likely to rise to about 129.5 M in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 334.2 M in 2024.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Kanzhun's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
17.4620.6023.74
Details
Intrinsic
Valuation
LowRealHigh
17.5920.7323.87
Details
20 Analysts
Consensus
LowTargetHigh
17.0718.7620.82
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.120.140.16
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Kanzhun. Your research has to be compared to or analyzed against Kanzhun's peers to derive any actionable benefits. When done correctly, Kanzhun's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Kanzhun Ltd ADR. Note that many institutional investors and large investment bankers can move markets due to the volume of Kanzhun assets they manage. They also follow analysts to some degree and often drive overall investor sentiments towards Kanzhun. With so many stockholders watching consensus numbers, the difference between actual and projected earnings is one of the most critical factors driving Kanzhun's stock price in the short term.

Kanzhun Earnings per Share Projection vs Actual

Actual Earning per Share of Kanzhun refers to what the company shows during its earnings calls or quarterly reports. The Expected EPS is what analysts covering Kanzhun Ltd ADR predict the company's earnings will be in the future. The higher the earnings per share of Kanzhun, the better is its profitability. While calculating the Earning per Share, we use the weighted ratio, as the number of shares outstanding can change over time.

Kanzhun Estimated Months Earnings per Share

For an investor who is primarily interested in generating an income out of investing in entities such as Kanzhun, the EPS ratio can tell if the company is intending to increase its current dividend. Although EPS is an essential tool for investors, it should not be used in isolation. EPS of Kanzhun should always be considered in relation to other companies to make a more educated investment decision.

Kanzhun Quarterly Analyst Estimates and Surprise Metrics

Earnings surprises can significantly impact Kanzhun's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2024-03-12
2023-12-311.181.390.2117 
2023-11-14
2023-09-301.050.1306-0.919487 
2023-08-29
2023-06-300.841.260.4250 
2023-05-24
2023-03-310.430.540.1125 
2022-11-29
2022-09-300.590.820.2338 
2022-08-23
2022-06-300.570.56-0.01
2022-06-24
2022-03-310.140.260.1285 
2022-03-23
2021-12-310.610.760.1524 
2021-11-23
2021-09-300.680.830.1522 
2021-08-27
2021-06-300.070.20.13185 
2021-03-31
2020-12-310-0.6013-0.6013
2020-03-31
2019-12-310-0.9043-0.9043

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kanzhun without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Top Crypto Exchanges Now

   

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges
All  Next Launch Module

Kanzhun Corporate Management

Elected by the shareholders, the Kanzhun's board of directors comprises two types of representatives: Kanzhun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kanzhun. The board's role is to monitor Kanzhun's management team and ensure that shareholders' interests are well served. Kanzhun's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kanzhun's outside directors are responsible for providing unbiased perspectives on the board's policies.
Xiehua WangVP DirectorProfile
Tao ZhangCTO DirectorProfile
Wenbei WangHead RelationsProfile
Jonathan ZhaoChairman CEOProfile
Phil ZhangCFO DirectorProfile

How to buy Kanzhun Stock?

The net worth of Kanzhun Ltd ADR is the difference between its total assets and liabilities. Kanzhun's net worth represents the value of the company's equity or ownership interest. In other words, it is the amount of money that would be left over if all of Kanzhun's assets were sold and all of its debts were paid off. Net worth is sometimes referred to as shareholder's equity or book value. Kanzhun's net worth can be used as a measure of its financial health and stability which can help investors to decide if Kanzhun is a good investment. It is also essential in determining the company's creditworthiness and ability to secure financing before investing in Kanzhun Ltd ADR stock.

Already Invested in Kanzhun Ltd ADR?

The danger of trading Kanzhun Ltd ADR is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kanzhun is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kanzhun. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kanzhun Ltd ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Kanzhun Ltd ADR offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Kanzhun's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Kanzhun Ltd Adr Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Kanzhun Ltd Adr Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Kanzhun Ltd ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
Note that the Kanzhun Ltd ADR information on this page should be used as a complementary analysis to other Kanzhun's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for Kanzhun Stock analysis

When running Kanzhun's price analysis, check to measure Kanzhun's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kanzhun is operating at the current time. Most of Kanzhun's value examination focuses on studying past and present price action to predict the probability of Kanzhun's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kanzhun's price. Additionally, you may evaluate how the addition of Kanzhun to your portfolios can decrease your overall portfolio volatility.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
My Watchlist Analysis
Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Technical Analysis
Check basic technical indicators and analysis based on most latest market data
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Is Kanzhun's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Kanzhun. If investors know Kanzhun will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Kanzhun listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.047
Earnings Share
0.34
Revenue Per Share
13.678
Quarterly Revenue Growth
0.46
Return On Assets
0.0222
The market value of Kanzhun Ltd ADR is measured differently than its book value, which is the value of Kanzhun that is recorded on the company's balance sheet. Investors also form their own opinion of Kanzhun's value that differs from its market value or its book value, called intrinsic value, which is Kanzhun's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Kanzhun's market value can be influenced by many factors that don't directly affect Kanzhun's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Kanzhun's value and its price as these two are different measures arrived at by different means. Investors typically determine if Kanzhun is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Kanzhun's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.