YOUDAO, INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.71 USD | -3.39% |
|
-0.54% | -5.84% |
| May. 23 | Tranche Update on Youdao, Inc.'s Equity Buyback Plan announced on November 17, 2022. | CI |
| May. 23 | Transcript : Youdao, Inc., Q1 2024 Earnings Call, May 23, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 10,956 | 19,348 | 9,986 | 4,674 | 3,473 | 3,213 | - | - |
| Enterprise Value (EV) 1 | 10,235 | 19,116 | 10,292 | 5,059 | 4,455 | 4,128 | 3,636 | 2,431 |
| P/E ratio | -14.7 x | -11.1 x | -9.69 x | -6.31 x | -6.17 x | -25.4 x | 19.9 x | 11.6 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 8.4 x | 6.11 x | 2.49 x | 0.93 x | 0.64 x | 0.54 x | 0.47 x | 0.41 x |
| EV / Revenue | 7.84 x | 6.03 x | 2.56 x | 1.01 x | 0.83 x | 0.69 x | 0.53 x | 0.31 x |
| EV / EBITDA | -17.3 x | -10.7 x | -13.3 x | -7.77 x | -11 x | 31.7 x | 15.8 x | 7.16 x |
| EV / FCF | -26.2 x | 67.1 x | -7.3 x | -7.53 x | -9.77 x | 16 x | 6.32 x | 2.66 x |
| FCF Yield | -3.81% | 1.49% | -13.7% | -13.3% | -10.2% | 6.25% | 15.8% | 37.6% |
| Price to Book | 36.5 x | -13.9 x | -11.9 x | -2.99 x | -1.55 x | -1.53 x | -1.67 x | -1.78 x |
| Nbr of stocks (in thousands) | 111,768 | 111,768 | 125,969 | 125,969 | 124,214 | 119,519 | - | - |
| Reference price 2 | 98.02 | 173.1 | 79.27 | 37.11 | 27.96 | 26.88 | 26.88 | 26.88 |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,305 | 3,168 | 4,016 | 5,013 | 5,389 | 5,950 | 6,827 | 7,772 |
| EBITDA 1 | -590.3 | -1,790 | -774.2 | -651.5 | -405.9 | 130.3 | 230.5 | 339.6 |
| EBIT 1 | -575.8 | -1,764 | -804.3 | -693.7 | -435.5 | -66.7 | 202.8 | 528.8 |
| Operating Margin | -44.13% | -55.7% | -20.03% | -13.84% | -8.08% | -1.12% | 2.97% | 6.8% |
| Earnings before Tax (EBT) 1 | -599 | -1,750 | -919.4 | -725.9 | -539 | -116.9 | 192.8 | 400.4 |
| Net income 1 | -637.4 | -1,753 | -995.7 | -727 | -549.9 | -125.8 | 99.31 | 344.5 |
| Net margin | -48.85% | -55.34% | -24.79% | -14.5% | -10.2% | -2.11% | 1.45% | 4.43% |
| EPS 2 | -6.680 | -15.53 | -8.180 | -5.880 | -4.530 | -1.057 | 1.348 | 2.308 |
| Free Cash Flow 1 | -390.4 | 284.7 | -1,410 | -671.8 | -456 | 258 | 575 | 913 |
| FCF margin | -29.92% | 8.99% | -35.11% | -13.4% | -8.46% | 4.34% | 8.42% | 11.75% |
| FCF Conversion (EBITDA) | - | - | - | - | - | 198.07% | 249.41% | 268.88% |
| FCF Conversion (Net income) | - | - | - | - | - | - | 578.97% | 264.98% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,049 | 1,201 | 956.2 | 1,402 | 1,454 | 1,163 | 1,207 | 1,539 | 1,481 | 1,392 | 1,352 | 1,688 | 1,599 | 1,601 | 1,487 |
| EBITDA 1 | - | -111.9 | -444.5 | -207.4 | - | -177.7 | - | - | - | - | -86.74 | 54.54 | 116.8 | 72.85 | -70.11 |
| EBIT 1 | -169.3 | -100.6 | -437.1 | -203 | 43.5 | -185.3 | -276.8 | -276.8 | 79.08 | 37.82 | -94.52 | 46.76 | 109.1 | 61.13 | -81.83 |
| Operating Margin | -16.14% | -8.38% | -45.71% | -14.47% | 2.99% | -15.93% | -22.94% | -17.99% | 5.34% | 2.72% | -6.99% | 2.77% | 6.82% | 3.82% | -5.5% |
| Earnings before Tax (EBT) 1 | -241.4 | -95.6 | -460 | -187.2 | 16.87 | -202.9 | -298.3 | -94.37 | 56.56 | 13.46 | -120.4 | 19.48 | 82.4 | 34.61 | -108 |
| Net income 1 | -16.61 | -101.5 | -453.9 | -183.9 | 12.3 | -204.4 | -299.2 | -102.9 | 56.48 | 12.43 | -148.7 | 2.732 | 75.17 | 42.2 | -108 |
| Net margin | -1.58% | -8.46% | -47.47% | -13.11% | 0.85% | -17.57% | -24.79% | -6.69% | 3.82% | 0.89% | -11% | 0.16% | 4.7% | 2.64% | -7.26% |
| EPS 2 | -0.1300 | -0.8200 | -3.670 | -1.490 | 0.1000 | -1.670 | -2.450 | -0.8500 | 0.4700 | 0.1000 | -1.012 | 0.1637 | 0.6924 | 0.2893 | -0.9080 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 5/24/22 | 8/18/22 | 11/17/22 | 2/23/23 | 5/25/23 | 8/24/23 | 11/16/23 | 2/29/24 | 5/23/24 | - | - | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | 306 | 384 | 981 | 914 | 423 | - |
| Net Cash position 1 | 721 | 232 | - | - | - | - | - | 782 |
| Leverage (Debt/EBITDA) | - | - | -0.3954 x | -0.5899 x | -2.418 x | 7.021 x | 1.833 x | - |
| Free Cash Flow 1 | -390 | 285 | -1,410 | -672 | -456 | 258 | 575 | 913 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | -47.1% | -84.3% | -42.3% | -29.6% | -27.9% | -5.41% | 9.48% | 16.4% |
| Assets 1 | 1,353 | 2,078 | 2,352 | 2,455 | 1,971 | 2,327 | 1,048 | 2,097 |
| Book Value Per Share 2 | 2.680 | -12.50 | -6.630 | -12.40 | -18.00 | -17.60 | -16.10 | -15.10 |
| Cash Flow per Share 2 | -3.900 | 2.850 | -11.10 | -4.880 | -3.610 | 2.280 | 2.240 | - |
| Capex 1 | 18.2 | 36.9 | 63.5 | 68.7 | 17.9 | 57.9 | 49.7 | 48.9 |
| Capex / Sales | 1.39% | 1.16% | 1.58% | 1.37% | 0.33% | 0.97% | 0.73% | 0.63% |
| Announcement Date | 2/26/20 | 2/25/21 | 2/24/22 | 2/23/23 | 2/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
26.88
CNY
Average target price
44.32
CNY
Spread / Average Target
+64.86%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.84% | 443M | |
| +12.71% | 3,150B | |
| +10.98% | 87.56B | |
| +8.10% | 80.72B | |
| -16.04% | 52.81B | |
| +35.76% | 51.91B | |
| +30.86% | 46.06B | |
| -31.32% | 42.52B | |
| +78.94% | 41.62B | |
| +2.37% | 28.24B |
- Stock Market
- Equities
- DAO Stock
- Financials Youdao, Inc.
