Stock 002607 OFFCN EDUCATION TECHNOLOGY CO., LTD.
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Financials Offcn Education Technology Co., Ltd.

Equities

002607

CNE100001641

Professional & Business Education

End-of-day quote Shenzhen S.E.
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
2.56 CNY +4.07% Intraday chart for Offcn Education Technology Co., Ltd. +1.19% -37.25%
2023 Offcn Education Technology Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2023 CI
2023 U.S. issues new Iran-related sanctions -Treasury Dept website RE

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 44,405 110,273 216,661 48,476 28,555 15,789 15,789 -
Enterprise Value (EV) 1 44,405 110,416 213,703 50,826 28,170 15,999 15,055 14,679
P/E ratio 32.7 x 61.7 x 94.9 x -20.7 x -25.7 x -80.8 x 19.8 x 13.8 x
Yield - 1.34% - - - 0% 1.77% 2.26%
Capitalization / Revenue 7.12 x 12 x 19.3 x 7.01 x 5.92 x 4.48 x 3.48 x 2.84 x
EV / Revenue 7.12 x 12 x 19.1 x 7.35 x 5.84 x 4.54 x 3.32 x 2.64 x
EV / EBITDA 29.3 x 49 x 65.6 x -24.5 x -35.2 x 14.9 x 9.95 x 8.54 x
EV / FCF - - 60.1 x -9.3 x 41.4 x -4.26 x 11.6 x 6.55 x
FCF Yield - - 1.66% -10.8% 2.42% -23.5% 8.6% 15.3%
Price to Book 15 x 31.9 x 50.9 x 25.7 x 36.6 x 15.2 x 8.84 x 5.45 x
Nbr of stocks (in thousands) 6,167,399 6,167,399 6,167,399 6,167,399 6,167,399 6,167,399 6,167,399 -
Reference price 2 7.200 17.88 35.13 7.860 4.630 2.560 2.560 2.560
Announcement Date 2/27/19 2/28/20 4/28/21 4/28/22 4/27/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 6,237 9,176 11,202 6,912 4,825 3,527 4,536 5,569
EBITDA 1 1,518 2,253 3,256 -2,074 -801.2 1,076 1,514 1,719
EBIT 1 1,340 2,091 2,706 -2,786 -1,277 501.2 1,005 1,454
Operating Margin 21.49% 22.78% 24.16% -40.31% -26.47% 14.21% 22.17% 26.11%
Earnings before Tax (EBT) 1 1,340 2,089 2,661 -2,769 -1,282 233.9 963.3 1,369
Net income 1 1,153 1,805 2,304 -2,370 -1,102 65.47 800 1,136
Net margin 18.48% 19.67% 20.57% -34.28% -22.84% 1.86% 17.64% 20.39%
EPS 2 0.2200 0.2900 0.3700 -0.3800 -0.1800 -0.0317 0.1292 0.1851
Free Cash Flow 1 - - 3,557 -5,465 680.4 -3,756 1,294 2,240
FCF margin - - 31.76% -79.07% 14.1% -106.48% 28.53% 40.22%
FCF Conversion (EBITDA) - - 109.26% - - - 85.49% 130.34%
FCF Conversion (Net income) - - 154.38% - - - 161.74% 197.26%
Dividend per Share 2 - 0.2400 - - - 0.000110 0.0452 0.0578
Announcement Date 2/27/19 2/28/20 4/28/21 4/28/22 4/27/23 - - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S1 2020 S1 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 - - 2,804 1,445 610.5 1,213 1,014 1,667 930.9 888.6 839.8 937.5 738.5
EBITDA - - - - - - - - - - - - -
EBIT 1 - - -261.7 -793.5 -1,896 -544.8 -482.2 61.87 -312.1 28.41 - - -489
Operating Margin - - -9.33% -54.9% -310.5% -44.92% -47.56% 3.71% -33.53% 3.2% - - -66.21%
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income 493 -233 - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS 2 - - -0.0400 -0.1200 -0.2400 -0.0800 -0.0600 0.0100 -0.0500 - 0.0100 0.0300 -0.0700
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/19/19 8/30/20 8/30/21 10/29/21 4/28/22 4/28/22 8/30/22 10/28/22 4/27/23 4/27/23 8/29/23 10/29/23 -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - 143 - 2,350 - 210 - -
Net Cash position 1 - - 2,958 - 385 - 734 1,110
Leverage (Debt/EBITDA) - 0.0633 x - -1.133 x - 0.1953 x - -
Free Cash Flow 1 - - 3,557 -5,465 680 -3,756 1,294 2,240
ROE (net income / shareholders' equity) 71.9% 52.6% 59.8% -76.9% -82.6% 33.3% 56.1% 49.3%
ROA (Net income/ Total Assets) 22.1% 18.1% 14.3% -19.2% -12% 3.6% 9.3% 13.5%
Assets 1 5,218 9,961 16,081 12,362 9,166 1,819 8,603 8,412
Book Value Per Share 2 0.4800 0.5600 0.6900 0.3100 0.1300 0.1700 0.2900 0.4700
Cash Flow per Share 2 0.2700 0.4000 0.5700 -0.6600 0.1300 -0.0800 0.2400 0.3000
Capex 1 263 720 1,325 1,367 107 721 747 716
Capex / Sales 4.22% 7.85% 11.83% 19.78% 2.21% 20.43% 16.48% 12.86%
Announcement Date 2/27/19 2/28/20 4/28/21 4/28/22 4/27/23 - - -
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

Ratings for Offcn Education Technology Co., Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.56 CNY
Average target price
4.032 CNY
Spread / Average Target
+57.52%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Professional & Business Education

1st Jan change Capi.
OFFCN EDUCATION TECHNOLOGY CO., LTD. Stock Offcn Education Technology Co., Ltd.
-37.25% 2.18B
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Professional & Business Education
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