KAIYUAN EDUCATION TECHNOLOGY GROUP CO., LTD. Financials Kaiyuan Education Technology Group Co., Ltd.
Equities
300338
CNE100001JV0
Professional & Business Education
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.92 CNY | +1.04% |
|
+13.18% | -34.38% |
| Feb. 02 | Kaiyuan Education Technology Group Co., Ltd. Announces Executive Appointments | CI |
| 2023 | Kaiyuan Education Chairman Steps Down; Successor Named | MT |
Valuation
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 7,295 | 2,347 | 3,639 | 2,395 | 2,289 | 1,732 |
| Enterprise Value (EV) 1 | 6,916 | 2,024 | 3,441 | 2,327 | 2,537 | 1,852 |
| P/E ratio | 43.8 x | 23.8 x | -5.76 x | -3.12 x | -4.96 x | 44.8 x |
| Yield | 0.07% | 0.22% | - | - | - | - |
| Capitalization / Revenue | 7.44 x | 1.61 x | 2.44 x | 2.82 x | 2.46 x | 2.63 x |
| EV / Revenue | 7.05 x | 1.39 x | 2.31 x | 2.74 x | 2.73 x | 2.81 x |
| EV / EBITDA | 26.1 x | 7.05 x | 32 x | -6.24 x | -6.87 x | 42.7 x |
| EV / FCF | 12.9 x | -22.2 x | 40.9 x | 11.1 x | 19.4 x | -12.4 x |
| FCF Yield | 7.76% | -4.5% | 2.44% | 8.99% | 5.16% | -8.07% |
| Price to Book | 3.46 x | 1.08 x | 2.54 x | 4.75 x | 70.8 x | 18.5 x |
| Nbr of stocks (in thousands) | 339,620 | 339,620 | 343,289 | 341,184 | 339,620 | 386,670 |
| Reference price 2 | 21.48 | 6.910 | 10.60 | 7.020 | 6.740 | 4.480 |
| Announcement Date | 4/19/18 | 4/24/19 | 4/28/20 | 4/23/21 | 4/28/22 | 4/24/23 |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net sales 1 | 980.7 | 1,454 | 1,489 | 850.2 | 930.8 | 658.8 |
| EBITDA 1 | 264.7 | 287.1 | 107.4 | -373.1 | -369.2 | 43.4 |
| EBIT 1 | 226.3 | 238.1 | 63.38 | -419.7 | -404.9 | 21.09 |
| Operating Margin | 23.07% | 16.37% | 4.26% | -49.36% | -43.49% | 3.2% |
| Earnings before Tax (EBT) 1 | 210.3 | 141.1 | -617 | -826.9 | -501.6 | 55.55 |
| Net income 1 | 160.1 | 98.6 | -635 | -765.7 | -460.8 | 33.77 |
| Net margin | 16.32% | 6.78% | -42.63% | -90.07% | -49.5% | 5.13% |
| EPS 2 | 0.4900 | 0.2900 | -1.840 | -2.250 | -1.360 | 0.1000 |
| Free Cash Flow 1 | 536.8 | -90.97 | 84.1 | 209.2 | 130.9 | -149.4 |
| FCF margin | 54.73% | -6.26% | 5.65% | 24.6% | 14.07% | -22.68% |
| FCF Conversion (EBITDA) | 202.82% | - | 78.27% | - | - | - |
| FCF Conversion (Net income) | 335.31% | - | - | - | - | - |
| Dividend per Share 2 | 0.0150 | 0.0150 | - | - | - | - |
| Announcement Date | 4/19/18 | 4/24/19 | 4/28/20 | 4/23/21 | 4/28/22 | 4/24/23 |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 248 | 120 |
| Net Cash position 1 | 379 | 323 | 198 | 68 | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | -0.6706 x | 2.765 x |
| Free Cash Flow 1 | 537 | -91 | 84.1 | 209 | 131 | -149 |
| ROE (net income / shareholders' equity) | 11.5% | 4.79% | -33.5% | -79.9% | -172% | 58.2% |
| ROA (Net income/ Total Assets) | 7.11% | 4.94% | 1.53% | -14.5% | -18.7% | 1.24% |
| Assets 1 | 2,253 | 1,996 | -41,635 | 5,284 | 2,461 | 2,732 |
| Book Value Per Share 2 | 6.210 | 6.380 | 4.170 | 1.480 | 0.1000 | 0.2400 |
| Cash Flow per Share 2 | 1.110 | 0.9300 | 0.9800 | 0.3800 | 0.2600 | 0.0600 |
| Capex 1 | 112 | 158 | 121 | 64.2 | 34.6 | 1.44 |
| Capex / Sales | 11.4% | 10.85% | 8.15% | 7.55% | 3.71% | 0.22% |
| Announcement Date | 4/19/18 | 4/24/19 | 4/28/20 | 4/23/21 | 4/28/22 | 4/24/23 |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Annual profits - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -34.38% | 143M | |
| -20.52% | 2.89B | |
| -37.25% | 2.18B | |
| +28.93% | 1.75B | |
| -18.19% | 1.61B | |
| +39.56% | 877M | |
| +17.55% | 837M | |
| -.--% | 813M | |
| +21.41% | 817M | |
| -1.11% | 797M |
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- Financials Kaiyuan Education Technology Group Co., Ltd.
