Financials Bright Scholar Education Holdings Limited

Equities

BEDU

US1091992081

School, College & University

Market Closed - Nyse 04:10:00 2024-04-26 pm EDT 5-day change 1st Jan Change
1.935 USD -0.76% Intraday chart for Bright Scholar Education Holdings Limited +1.31% +54.80%

Valuation

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Capitalization 1 10,464 7,944 6,405 401.1 95.95 193.2
Enterprise Value (EV) 1 7,357 6,603 8,085 4,011 1,113 1,287
P/E ratio 40.7 x 32.4 x 39.7 x -49 x -0.13 x -0.49 x
Yield - 1.12% 1.55% 3.57% - -
Capitalization / Revenue 6.09 x 3.1 x 1.9 x 0.29 x 0.06 x 0.09 x
EV / Revenue 4.28 x 2.58 x 2.4 x 2.86 x 0.65 x 0.61 x
EV / EBITDA 20.5 x 15.3 x 14.5 x -48.7 x 19.9 x 11.6 x
EV / FCF 14.5 x 6.99 x -9.76 x -6.53 x 0.5 x 6.6 x
FCF Yield 6.88% 14.3% -10.2% -15.3% 200% 15.2%
Price to Book 3.68 x 2.83 x 2.32 x 1.01 x 0.06 x 0.14 x
Nbr of stocks (in thousands) 31,813 31,122 30,137 29,846 29,798 29,726
Reference price 2 328.9 255.3 212.5 86.83 3.220 6.500
Announcement Date 12/14/18 12/23/19 12/23/20 1/18/22 6/21/23 1/2/24
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net sales 1 1,719 2,563 3,367 1,402 1,714 2,124
EBITDA 1 358 431.3 558.4 -82.42 55.78 111.1
EBIT 1 272.2 300.5 361 -304.2 -60.15 27.14
Operating Margin 15.83% 11.73% 10.72% -21.7% -3.51% 1.28%
Earnings before Tax (EBT) 1 316.3 333.3 243.2 -441 -644.6 -200.9
Net income 1 247 241.1 161 -52.8 -709.3 -395.1
Net margin 14.37% 9.41% 4.78% -3.77% -41.39% -18.61%
EPS 2 8.080 7.880 5.360 -1.772 -23.90 -13.32
Free Cash Flow 1 506 945.1 -828.5 -614.7 2,226 195.1
FCF margin 29.44% 36.88% -24.61% -43.85% 129.87% 9.19%
FCF Conversion (EBITDA) 141.34% 219.11% - - 3,990.24% 175.66%
FCF Conversion (Net income) 204.9% 392.01% - - - -
Dividend per Share - 2.862 3.287 3.101 - -
Announcement Date 12/14/18 12/23/19 12/23/20 1/18/22 6/21/23 1/2/24
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: August 2018 2019 2020 2021 2022 2023
Net Debt 1 - - 1,680 3,610 1,017 1,094
Net Cash position 1 3,107 1,341 - - - -
Leverage (Debt/EBITDA) - - 3.008 x -43.8 x 18.23 x 9.852 x
Free Cash Flow 1 506 945 -829 -615 2,226 195
ROE (net income / shareholders' equity) 11.2% 8.29% 5.29% -18% -29.9% -22.3%
ROA (Net income/ Total Assets) 4.63% 3.02% 2.42% -1.72% -0.56% 0.35%
Assets 1 5,338 7,993 6,641 3,073 127,419 -111,494
Book Value Per Share 2 89.30 90.30 91.70 85.70 56.30 47.70
Cash Flow per Share 2 99.10 108.0 113.0 28.40 22.40 18.10
Capex 1 118 155 150 159 89.6 79.4
Capex / Sales 6.84% 6.06% 4.45% 11.32% 5.23% 3.74%
Announcement Date 12/14/18 12/23/19 12/23/20 1/18/22 6/21/23 1/2/24
1CNY in Million2CNY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Annual profits - Rate of surprise

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