XHKG1756
Market cap103mUSD
Dec 23, Last price
0.67HKD
1D
-1.47%
1Q
24.07%
IPO
-76.41%
Name
China Vocational Education Holdings Ltd
Chart & Performance
P/E
1.92
P/S
0.70
EPS
0.33
Div Yield, %
0.00%
Shrs. gr., 5y
—
Rev. gr., 5y
12.25%
Revenues
1.08b
+19.34%
Net income
393m
+51.30%
CFO
697m
+37.33%
Dividend
Aug 03, 20210.0621 HKD/sh
Earnings
Jan 24, 2025
Profile
China Vocational Education Holdings Limited, an investment holding company, provides private higher education and vocational education services in the People's Republic of China. It offers applied science-focused and practice-oriented programs. The company also provides student accommodation services. As of August 31, 2021, it had approximately 46,669 students enrolled at its 3 schools. The company was formerly known as Huali University Group Limited. China Vocational Education Holdings Limited was founded in 2000 and is headquartered in Guangzhou, the People's Republic of China.
Valuation
Title CNY in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|---|
| 2023‑08 | 2022‑08 | 2021‑08 | 2020‑08 | 2019‑08 | 2018‑08 | 2017‑08 | 2016‑08 | |
| Income | ||||||||
Revenues | 1,083,304 19.34% | 907,762 2.96% | ||||||
Cost of revenue | 624,982 | 560,730 | ||||||
Unusual Expense (Income) | ||||||||
NOPBT | 458,322 | 347,032 | ||||||
NOPBT Margin | 42.31% | 38.23% | ||||||
Operating Taxes | 5,175 | 19,160 | ||||||
Tax Rate | 1.13% | 5.52% | ||||||
NOPAT | 453,147 | 327,872 | ||||||
Net income | 393,047 51.30% | 259,784 81.09% | ||||||
Dividends | (110,555) | |||||||
Dividend yield | ||||||||
Proceeds from repurchase of equity | ||||||||
BB yield | ||||||||
| Debt | ||||||||
Debt current | 392,321 | 279,718 | ||||||
Long-term debt | 2,059,897 | 2,169,701 | ||||||
Deferred revenue | ||||||||
Other long-term liabilities | 82,001 | 183,496 | ||||||
Net debt | 1,466,703 | 1,645,574 | ||||||
| Cash flow | ||||||||
Cash from operating activities | 696,888 | 507,456 | ||||||
CAPEX | (570,100) | (605,437) | ||||||
Cash from investing activities | (569,425) | (593,764) | ||||||
Cash from financing activities | 54,336 | 9,617 | ||||||
FCF | 139,906 | 45,631 | ||||||
| Balance | ||||||||
Cash | 985,515 | 803,845 | ||||||
Long term investments | ||||||||
Excess cash | 931,350 | 758,457 | ||||||
Stockholders' equity | 2,213,978 | 2,165,430 | ||||||
Invested Capital | 4,965,856 | 4,748,535 | ||||||
ROIC | 9.33% | 7.16% | ||||||
ROCE | 7.71% | 6.25% | ||||||
| EV | ||||||||
Common stock shares outstanding | 1,200,000 | 1,134,000 | ||||||
Price | ||||||||
Market cap | ||||||||
EV | ||||||||
EBITDA | 643,980 | 504,983 | ||||||
EV/EBITDA | ||||||||
Interest | 98,570 | 111,144 | ||||||
Interest/NOPBT | 21.51% | 32.03% | ||||||