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New Oriental Education & Technology

Consumer Defensive US EDU

87.9USD
2.91(3.42%)

Last update at 2024-04-22T20:10:00Z

Day Range

85.7588.81
LowHigh

52 Week Range

30.7583.73
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Income before tax 308.53M -1032.49800M 314.98M 487.84M 315.85M
Minority interest -58.02200M 32.55M 104.90M 136.52M 164.41M
Net income 177.34M -1168.81000M 231.39M 413.33M 238.06M
Selling general administrative 953.58M 1866.57M 1489.83M 1145.52M 1034.03M
Selling and marketing expenses 444.69M 466.89M 600.78M 445.26M 384.29M
Gross profit 1588.32M 1350.95M 2239.66M 1989.78M 1720.22M
Reconciled depreciation 122.70M 194.43M 230.44M 151.00M 114.00M
Ebit 190.05M -982.51300M 394.01M 266.45M 305.53M
Ebitda 190.91M -967.58000M 624.46M 417.45M 402.92M
Depreciation and amortization 0.86M 14.93M 230.44M 151.00M 97.38M
Non operating income net other - - - - -
Operating income 190.05M -982.51300M 394.01M 266.45M 305.53M
Other operating expenses 2807.71M 4087.76M 4127.48M 3179.68M 2794.58M
Interest expense 0.71M 4.05M 6.75M 4.63M 1.61M
Tax provision 66.07M 136.31M 83.59M 134.36M 85.71M
Interest income 0.86M 14.93M 134.47M 93.45M 17.66M
Net interest income 113.75M 119.49M 134.76M 111.49M 95.92M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 66.07M 136.31M 83.59M 134.36M 85.71M
Total revenue 2997.76M 3105.25M 4276.54M 3578.68M 3096.49M
Total operating expenses 1398.28M 2333.47M 2090.60M 1590.78M 1418.32M
Cost of revenue 1409.44M 1754.29M 2036.88M 1588.90M 1376.27M
Total other income expense net 118.48M -49.98500M -79.03700M 221.38M 10.31M
Discontinued operations - - - - -
Net income from continuing ops 235.36M -1220.27600M 230.02M 354.86M 227.85M
Net income applicable to common shares 177.34M -1187.72100M 334.41M 413.33M 238.06M
Preferred stock and other adjustments - - - - -
Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Total assets 6392.46M 6034.67M 10151.05M 6556.89M 4646.56M
Intangible assets 28.50M 6.43M 18.82M 16.28M 20.34M
Earning assets - - - - -
Other current assets 211.24M 12.44M 15.42M 14.64M 14.81M
Total liab 2577.67M 2241.14M 5132.88M 3687.07M 2121.46M
Total stockholder equity 3604.35M 3705.51M 4913.27M 2736.92M 2360.69M
Deferred long term liab - - - - -
Other current liab 687.83M 586.14M 979.59M 737.59M 671.06M
Common stock 1.70M 1.70M 1.69M 1.59M 1.59M
Capital stock 1.70M 1.70M 1.69M 1.59M 1.59M
Retained earnings 1225.86M 1065.36M 2253.40M 1986.41M 1647.63M
Other liab - 19.24M 13.17M 11.91M 18.78M
Good will 105.51M 70.80M 73.25M 80.37M 79.61M
Other assets 647.26M 111.77M 224.51M 174.79M 143.64M
Cash 1662.98M 1148.64M 1612.21M 915.06M 1157.11M
Cash and equivalents 1662.98M 1148.64M 1612.21M 915.06M 1414.17M
Total current liabilities 2250.98M 1710.11M 3471.45M 2479.36M 2006.22M
Current deferred revenue 1337.63M 933.06M 1939.38M 1324.38M 1301.10M
Net debt -1204.38700M -468.22600M 550.08M 664.99M -1060.65600M
Short term debt 155.75M 168.62M 514.03M 384.24M 0.00000M
Short long term debt - - - - -
Short long term debt total 458.60M 680.41M 2162.29M 1580.04M 96.46M
Other stockholder equity 1939.53M 2061.61M 1948.88M 459.71M 428.95M
Property plant equipment 799.29M 933.79M 2722.56M 2097.92M 532.01M
Total current assets 4413.89M 4473.96M 6574.15M 3756.42M 3466.24M
Long term investments 862.32M 437.92M 537.75M 431.10M 404.70M
Net tangible assets - 3628.28M 4821.20M 2636.65M 2260.73M
Short term investments 2333.63M 3042.32M 4648.75M 2603.07M 2034.42M
Net receivables 42.46M 39.67M 118.50M 7.56M 45.94M
Long term debt 14.65M 65.39M 297.63M 117.88M 96.46M
Inventory 52.69M 27.93M 31.18M 31.32M 29.05M
Accounts payable 69.76M 22.29M 38.44M 33.15M 34.06M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 437.26M 576.83M 709.30M 289.21M 282.52M
Additional paid in capital - - - - -
Common stock total equity - - 1.69M 1.59M 1.59M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - -0.00300M -0.01000M
Accumulated amortization - - - - -
Non currrent assets other 127.01M 91.73M 120.92M 111.47M 82.18M
Deferred long term asset charges - - - - -
Non current assets total 1978.57M 1560.71M 3576.90M 2800.47M 1180.32M
Capital lease obligations 443.94M 615.02M 1864.66M 1462.16M -
Long term debt total 14.65M 65.39M 297.63M 117.88M 96.46M
Breakdown 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Type yearly yearly yearly yearly yearly
Date 2023-05-31 2022-05-31 2021-05-31 2020-05-31 2019-05-31
Investments -37.41100M 1168.53M -1791.21000M -1256.37000M -574.71200M
Change to liabilities 513.39M -940.17000M 433.15M 62.01M 334.15M
Total cashflows from investing activities -37.41100M 1168.53M -2177.63900M -1256.37000M -574.71200M
Net borrowings -48.76400M -221.99700M 177.08M 20.00M 96.46M
Total cash from financing activities -246.86700M -230.85800M 1654.08M -17.86200M 266.65M
Change to operating activities 8.61M -209.67600M 63.12M 77.81M -56.06100M
Net income 235.36M -1220.27600M 230.02M 354.86M 227.85M
Change in cash 610.90M -437.60000M 712.70M -498.80300M 431.46M
Begin period cash flow 1194.53M 1632.13M 919.42M 1418.23M 986.76M
End period cash flow 1805.43M 1194.53M 1632.13M 919.42M 1418.23M
Total cash from operating activities 971.01M -1280.45300M 1130.09M 804.46M 805.65M
Issuance of capital stock 0.00000M 0.00000M 1512.64M 0.00000M 233.35M
Depreciation 122.70M 194.43M 230.44M 151.00M 114.00M
Other cashflows from investing activities 105.63M 1190.83M 17.23M -6.41600M -15.47300M
Dividends paid - - - 0.00000M 0.00000M
Change to inventory -21.89900M 1.82M 3.75M -3.27800M 6.03M
Change to account receivables -3.87000M -8.11300M -4.62700M -1.42200M -0.50900M
Sale purchase of stock -191.62800M 0.17M 1514.57M -9.74100M -55.96200M
Other cashflows from financing activities -6.47500M -8.86100M 261.44M -17.86200M 89.26M
Change to netincome 132.87M -92.73200M 35.76M 48.62M 142.76M
Capital expenditures 143.04M 150.74M 436.35M 309.55M 276.88M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital 537.88M -1153.96000M 528.92M 191.50M 310.82M
Stock based compensation 89.79M 132.97M 68.88M 62.06M 71.34M
Other non cash items 16.81M 676.82M 116.46M 53.60M 98.91M
Free cash flow 827.96M -1431.19100M 693.74M 494.91M 528.77M

Fundamentals

  • Previous Close 84.99
  • Market Cap13083.31M
  • Volume1256831
  • P/E Ratio47.29
  • Dividend Yield2.83%
  • EBITDA421.95M
  • Revenue TTM3352.96M
  • Revenue Per Share TTM20.13
  • Gross Profit TTM 1350.95M
  • Diluted EPS TTM1.60

Peer Comparison

Sector: Consumer Defensive Industry: Education & Training Services

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
EDU
New Oriental Education & Technology
2.91 3.42% 87.90 47.29 27.70 4.11 3.19 2.81 21.59
TAL
TAL Education Group
0.52 4.55% 11.95 - 56.50 6.54 2.16 4.19 -40.7835
LOPE
Grand Canyon Education Inc
1.79 1.41% 128.94 22.43 18.38 4.48 6.48 4.41 14.73
IDPUF
IDP Education Limited
- -% 10.53 42.72 34.01 4.36 12.36 3.87 14.16
COUR
Coursera Inc
0.28 2.34% 12.23 - 370.37 5.00 4.90 3.76 -15.5718

Reports Covered

Stock Research & News

Profile

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People's Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. In addition, it offers educational programs, services, and products to students through schools; learning centers; and bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

New Oriental Education & Technology

No. 6 Hai Dian Zhong Street, Beijing, China, 100080

Key Executives

Name Title Year Born
Mr. Minhong Yu Founder & Exec. Chairman 1963
Mr. Chenggang Zhou CEO & Director 1962
Mr. Zhihui Yang Exec. Pres & CFO 1974
Ms. Sisi Zhao Investor Relations Director NA
Mr. Tung-Jung Hsieh Sr. Adviser & Director 1964
Mr. Qiang Wu Head of The Beijing School 1973
Mr. Zheng Zhao Gen. Mang. & Managing Partner, New Oriental Education Culture Industry Fund NA

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