Financials Xueda (Xiamen) Education Technology Group Co., Ltd

Equities

000526

CNE0000005F0

Miscellaneous Educational Service Providers

End-of-day quote Shenzhen S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
65.08 CNY -1.39% Intraday chart for Xueda (Xiamen) Education Technology Group Co., Ltd +4.98% +30.19%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 2,992 5,040 2,236 2,102 7,948 7,948 -
Enterprise Value (EV) 1 2,992 5,040 2,236 2,102 6,105 7,948 7,948
P/E ratio 224 x 115 x -4.04 x 193 x 38.3 x 36.2 x 27.8 x
Yield - - - - 0.58% 0.72% 0.88%
Capitalization / Revenue - 2.07 x - - 2.76 x 2.78 x 2.55 x
EV / Revenue - 2.07 x - - 2.76 x 2.78 x 2.55 x
EV / EBITDA - 23 x - - 19.3 x 15.1 x 13.8 x
EV / FCF - - - - 12.8 x 16.8 x 13.9 x
FCF Yield - - - - 7.83% 5.95% 7.2%
Price to Book - 35.9 x - - 10.1 x 9.9 x 7.39 x
Nbr of stocks (in thousands) 96,195 96,195 117,763 117,763 122,125 122,125 -
Reference price 2 31.10 52.39 18.99 17.85 65.08 65.08 65.08
Announcement Date 4/14/20 4/12/21 4/25/22 4/24/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 - 2,430 - - 2,213 2,855 3,116
EBITDA 1 - 219.2 - - 316.5 527.2 575.3
EBIT 1 - 81.46 - - 226.1 309.1 403.6
Operating Margin - 3.35% - - 10.22% 10.83% 12.95%
Earnings before Tax (EBT) 1 - 77.92 - - 220.8 345.8 369.2
Net income 1 13.38 43.69 - 10.89 153.8 218.3 284.3
Net margin - 1.8% - - 6.95% 7.65% 9.12%
EPS 2 0.1391 0.4542 -4.695 0.0925 1.306 1.798 2.342
Free Cash Flow 1 - - - - 478 473 572
FCF margin - - - - 21.6% 16.57% 18.36%
FCF Conversion (EBITDA) - - - - 151.02% 89.72% 99.43%
FCF Conversion (Net income) - - - - 310.8% 216.67% 201.16%
Dividend per Share 2 - - - - 0.3800 0.4700 0.5700
Announcement Date 4/14/20 4/12/21 4/25/22 4/24/23 4/26/24 - -
1CNY in Million2CNY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2022 2023 2024 2025
Net Debt - - - - - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 - - - 478 473 572
ROE (net income / shareholders' equity) - 36.5% - 29.9% 28.3% 27.5%
ROA (Net income/ Total Assets) - 1.23% - 4.4% 6.3% 8.2%
Assets 1 - 3,557 - 3,333 3,465 3,468
Book Value Per Share 2 - 1.460 - 4.950 6.580 8.800
Cash Flow per Share 2 - 1.740 - 4.970 6.480 4.330
Capex 1 - 122 - 129 63.9 45
Capex / Sales - 5.01% - 5.85% 2.24% 1.44%
Announcement Date 4/14/20 4/12/21 4/24/23 4/26/24 - -
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

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
65.08 CNY
Average target price
63.49 CNY
Spread / Average Target
-2.44%
Consensus

Annual profits - Rate of surprise

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