New Oriental Education & Technology Group Inc. EDU
Last close
—
Market cap
—
52-week range
— - —
No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2024 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.90B | $4.31B | $3.00B | $3.11B | $4.28B | $3.58B | $3.10B | $2.45B | $1.80B | $1.48B |
| Cost of revenue | $2.18B | $2.05B | $1.41B | $1.75B | $2.04B | $1.59B | $1.38B | $1.07B | $749.6M | $614.4M |
| Gross profit | $2.72B | $2.26B | $1.59B | $1.35B | $2.24B | $1.99B | $1.72B | $1.38B | $1.05B | $864.0M |
| SG&A | $1.44B | $1.25B | $953.6M | $1.87B | $1.49B | $1.15B | $1.03B | $794.5M | $554.9M | $471.0M |
| Total operating expenses | $4.47B | $3.96B | $2.81B | $4.09B | $4.16B | $3.18B | $2.79B | $2.18B | $1.54B | $1.28B |
| Operating income | $428.2M | $350.4M | $190.0M | -$982.5M | $117.3M | $399.0M | $305.5M | $263.0M | $262.1M | $198.8M |
| Interest expense | $311.0K | $298.0K | $707.0K | $4.0M | $6.7M | $4.6M | $1.6M | — | — | — |
| Pre-tax income | $536.4M | $493.8M | $308.5M | -$1.03B | $315.0M | $487.8M | $315.8M | $357.0M | $330.7M | $267.3M |
| Income tax | $146.3M | $109.7M | $66.1M | $136.3M | $83.6M | $134.4M | $85.7M | $59.4M | $50.6M | $37.5M |
| Net income | $371.7M | $309.6M | $177.3M | -$1.19B | $334.4M | $413.3M | $238.1M | $296.1M | $274.5M | $224.9M |
| Shares, diluted (wtd. avg.) | $1.63B | $1.67B | $1.69B | $1.70B | $1.65B | $1.60B | $1.59B | $158.6M | $158.0M | $157.4M |
Balance sheet
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.61B | $1.39B | $1.81B | $1.19B | $1.63B | $919.4M | $1.42B | $986.8M | $644.7M | $713.1M |
| Receivables | $33.6M | $29.7M | $33.1M | $16.4M | $8.7M | $4.2M | $3.3M | $3.2M | $3.3M | $3.7M |
| Inventory | $80.9M | $92.8M | $52.7M | $27.9M | $31.2M | $31.3M | $29.0M | $40.2M | $31.7M | $27.3M |
| Total current assets | $5.19B | $5.39B | $4.41B | $4.47B | $6.57B | $3.76B | $3.47B | $2.94B | $2.33B | $1.87B |
| Property, plant and equipment | $767.3M | $508.0M | $359.8M | $402.7M | $865.0M | $672.5M | $532.0M | $449.6M | $282.8M | $237.7M |
| Goodwill | $43.8M | $104.0M | $105.5M | $70.8M | $73.3M | $80.4M | $79.6M | $31.7M | $14.1M | $10.5M |
| Other intangibles | $13.0M | $18.7M | $25.2M | $2.8M | $4.8M | $10.2M | $13.9M | $8.5M | $4.0M | $2.6M |
| Total assets | $7.81B | $7.53B | $6.39B | $6.03B | $10.15B | $6.56B | $4.65B | $3.98B | $2.92B | $2.35B |
| Accounts payable | $80.5M | $105.7M | $69.8M | $22.3M | $38.4M | $33.1M | $34.1M | $39.9M | $24.3M | $21.4M |
| Total current liabilities | $3.29B | $3.00B | $2.25B | $1.71B | $3.47B | $2.48B | $2.01B | $1.75B | $1.20B | $918.2M |
| Long-term debt | — | — | — | — | $0 | $117.9M | $96.5M | — | — | — |
| Total liabilities | $3.85B | $3.48B | $2.58B | $2.24B | $5.13B | $3.69B | $2.12B | $1.76B | $1.20B | $920.2M |
| Retained earnings | $1.77B | $1.51B | $1.23B | $1.07B | $2.25B | $1.99B | $1.65B | $1.35B | $1.17B | $931.9M |
| Total equity | $3.66B | $3.78B | $3.81B | $3.79B | $5.02B | $2.87B | $2.53B | $2.01B | $1.72B | $1.43B |
Cash flow
| Fiscal year | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $896.6M | $1.12B | $971.0M | -$1.28B | $1.13B | $804.5M | $805.6M | $781.1M | $622.7M | $524.3M |
| Depreciation and amortisation | $139.8M | $100.6M | $117.0M | $192.3M | $225.7M | $146.3M | $110.0M | $77.1M | $53.9M | $47.3M |
| Stock-based compensation | $59.9M | $122.5M | $89.8M | $133.0M | $68.9M | $62.1M | $71.3M | $57.4M | $20.3M | $16.8M |
| Capital expenditure | $241.9M | $249.4M | $143.0M | $150.7M | $429.2M | $309.5M | $269.1M | $214.3M | $105.7M | $64.4M |
| Investing cash flow | -$93.4M | -$1.15B | -$37.4M | $1.17B | -$2.18B | -$1.26B | -$574.7M | -$407.1M | -$672.4M | -$309.7M |
| Financing cash flow | -$585.0M | -$160.4M | -$246.9M | -$230.9M | $1.65B | -$17.9M | $266.6M | -$74.9M | $4.8M | -$916.0K |
| Dividends paid | $98.2M | — | — | — | — | — | — | $71.2M | — | $71.2M |
| Buybacks | $445.5M | $62.9M | $191.6M | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-216394.
Others in SIC 8200
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| LAUR | LAUREATE EDUCATION, INC. | $5.06B | 19.4x | 8.6% |
| GHC | Graham Holdings Co | $4.84B | 17.1x | 2.5% |
| CVSA | Covista Inc. | $4.36B | 18.2x | 9.3% |
| LOPE | Grand Canyon Education, Inc. | $3.98B | 19.8x | 7.1% |
| LRN | Stride, Inc. | $3.52B | 11.9x | 4.7% |
| PRDO | PERDOCEO EDUCATION Corp | $2.08B | 13.7x | 24.2% |
| STRA | Strategic Education, Inc. | $1.81B | 15.1x | 4.0% |
| UTI | UNIVERSAL TECHNICAL INSTITUTE INC | $1.22B | 19.6x | 14.0% |