New Oriental Education & Technology Group Inc

Chart & Performance

D1W1MN

P/E

33.26

P/S

2.39

EPS

1.89

Div Yield, %

0.00%

Shrs. gr., 5y

0.98%

Rev. gr., 5y

6.85%

Revenues

4.31b

+43.89%

Net income

310m

+74.57%

CFO

1.12b

+15.62%

Dividend

Sep 09, 20240.58 USD/sh

Earnings

Jan 22, 2025

Profile

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People's Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People's Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People's Republic of China.

URL

http://www.neworiental.org/

IPO date

Sep 07, 2006

Employees

46,653

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑05	2023‑05	2022‑05	2021‑05	2020‑05	2019‑05	2018‑05	2017‑05	2016‑05	2015‑05
Income
Revenues	4,313,586 43.89%	2,997,760 -3.46%	3,105,246 -27.39%
Cost of revenue	3,963,161	2,807,714	4,087,759
Unusual Expense (Income)
NOPBT	350,425	190,046	(982,513)
NOPBT Margin	8.12%	6.34%
Operating Taxes	109,690	66,066	136,312
Tax Rate	31.30%	34.76%
NOPAT	240,735	123,980	(1,118,825)
Net income	309,591 74.57%	177,341 -115.17%	(1,168,810) -605.13%
Dividends
Dividend yield
Proceeds from repurchase of equity	(62,943)	(191,628)	(7,781)
BB yield	4.72%	30.18%	3.51%
Debt
Debt current	273,124	155,752	168,623
Long-term debt	1,110,324	746,785	1,126,805
Deferred revenue		14,653	65,394
Other long-term liabilities			(65,394)
Net debt	(3,916,672)	(3,956,391)	(3,333,448)
Cash flow
Cash from operating activities	1,122,643	971,008	(1,280,453)
CAPEX	(249,393)	(143,045)	(150,738)
Cash from investing activities	(1,153,922)	(37,411)	1,168,532
Cash from financing activities	(160,438)	(246,867)	(230,858)
FCF	(121,856)	258,477	669,946
Balance
Cash	4,775,105	3,996,609	4,190,957
Long term investments	525,015	862,319	437,919
Excess cash	5,084,441	4,709,040	4,473,614
Stockholders' equity	2,179,116	1,875,262	1,731,911
Invested Capital	2,605,419	1,060,491	2,666,374
ROIC	13.13%	6.65%
ROCE	7.29%	6.42%
EV
Common stock shares outstanding	166,950	168,563	169,642
Price	7.99 112.18%	3.77 188.44%	1.31 -87.23%
Market cap	1,334,431 110.15%	634,978 186.60%	221,552 -86.89%
EV	(2,309,161)	(3,110,973)	(3,023,878)
EBITDA	457,245	312,749	(788,084)
EV/EBITDA			3.84
Interest	298	707	4,050
Interest/NOPBT	0.09%	0.37%