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ATA

Nasdaq:ATAI
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATAI
Nasdaq
$49M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

ATA Inc., through its subsidiaries, provides computer-based testing services in the People’s Republic of China. The last earnings update was 35 days ago. More info.


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  • ATA has significant price volatility in the past 3 months.
ATAI Share Price and Events
7 Day Returns
-3.7%
NasdaqGM:ATAI
1.1%
US Consumer Services
0.5%
US Market
1 Year Returns
-60.1%
NasdaqGM:ATAI
-1.3%
US Consumer Services
0.8%
US Market
ATAI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ATA (ATAI) -3.7% -11.3% 99.1% -60.1% -57.7% -55.1%
US Consumer Services 1.1% 3.6% 8.4% -1.3% 106.6% 105.6%
US Market 0.5% -0.1% 1% 0.8% 37.5% 37.5%
1 Year Return vs Industry and Market
  • ATAI underperformed the Consumer Services industry which returned -1.3% over the past year.
  • ATAI underperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
ATAI
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for ATA's competitors could be found in our database.

ATAI Value

 Is ATA undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ATA to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ATA.

NasdaqGM:ATAI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:ATAI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.757 (1 + (1- 25%) (0%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.837 * 5.96%)
7.72%

Discounted Cash Flow Calculation for NasdaqGM:ATAI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ATA is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:ATAI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.72%)
2019 14.29 Est @ 9.9% 13.27
2020 15.40 Est @ 7.75% 13.27
2021 16.36 Est @ 6.24% 13.09
2022 17.21 Est @ 5.19% 12.78
2023 17.98 Est @ 4.45% 12.40
2024 18.69 Est @ 3.94% 11.96
2025 19.35 Est @ 3.57% 11.50
2026 20.00 Est @ 3.32% 11.03
2027 20.62 Est @ 3.14% 10.56
2028 21.25 Est @ 3.02% 10.10
Present value of next 10 years cash flows CN¥119.96
NasdaqGM:ATAI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥21.25 × (1 + 2.73%) ÷ (7.72% – 2.73%)
CN¥437.43
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥437.43 ÷ (1 + 7.72%)10
CN¥207.94
NasdaqGM:ATAI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥119.96 + CN¥207.94
CN¥327.91
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥327.91 / 23.13
CN¥14.18
NasdaqGM:ATAI Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGM:ATAI)
0.144
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥14.18 x 0.144
$2.05
Value per share (USD) From above. $2.05
Current discount Discount to share price of $2.11
= -1 x ($2.11 - $2.05) / $2.05
-3.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of ATA is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ATA's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ATA's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:ATAI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥-3.61
NasdaqGM:ATAI Share Price ** NasdaqGM (2019-06-14) in USD $2.11
NasdaqGM:ATAI Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.925 CN¥14.61
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 25.73x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ATA.

NasdaqGM:ATAI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:ATAI Share Price ÷ EPS (both in CNY)

= 14.61 ÷ -3.61

-4.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATA is loss making, we can't compare its value to the US Consumer Services industry average.
  • ATA is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does ATA's expected growth come at a high price?
Raw Data
NasdaqGM:ATAI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Consumer Services Industry PEG Ratio Median Figure of 16 Publicly-Listed Consumer Services Companies 1.39x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for ATA, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on ATA's assets?
Raw Data
NasdaqGM:ATAI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥12.61
NasdaqGM:ATAI Share Price * NasdaqGM (2019-06-14) in USD $2.11
NasdaqGM:ATAI Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.925 CN¥14.61
United States of America Consumer Services Industry PB Ratio Median Figure of 51 Publicly-Listed Consumer Services Companies 2.03x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqGM:ATAI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:ATAI Share Price ÷ Book Value per Share (both in CNY)

= 14.61 ÷ 12.61

1.16x

* Primary Listing of ATA.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ATA is good value based on assets compared to the US Consumer Services industry average.
X
Value checks
We assess ATA's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. ATA has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ATAI Future Performance

 How is ATA expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ATA has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.3%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ATA expected to grow at an attractive rate?
  • Unable to compare ATA's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare ATA's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare ATA's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:ATAI Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 29.3%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 13%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:ATAI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:ATAI Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 3 -81
2018-12-31 1 -313 -83
2018-09-30 649 77
2018-06-30 650 52
2018-03-31 5 -93
2017-12-31 7 127 -114
2017-09-30 484 -3
2017-06-30 480 -22
2017-03-31 9 62 -60
2016-12-31 480 28
2016-09-30 428 2
2016-06-30 416 24

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if ATA is high growth as no earnings estimate data is available.
  • Unable to determine if ATA is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:ATAI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from ATA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:ATAI Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 -3.61
2018-12-31 -3.63
2018-09-30 3.17
2018-06-30 2.19
2018-03-31 -4.11
2017-12-31 -4.98
2017-09-30 -0.13
2017-06-30 -0.98
2017-03-31 -2.61
2016-12-31 1.25
2016-09-30 0.11
2016-06-30 1.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ATA will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine ATA's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. ATA's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. ATA's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess ATA's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ATA has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ATAI Past Performance

  How has ATA performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ATA's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ATA does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare ATA's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare ATA's 1-year growth to the US Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
ATA's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ATA Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:ATAI Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2.81 -81.39 51.10 18.49
2018-12-31 1.34 -83.07 49.08 19.59
2018-09-30 649.18 77.29 167.17 49.43
2018-06-30 650.22 52.08 170.07 50.35
2018-03-31 5.33 -93.44 56.18 19.53
2017-12-31 7.49 -114.00 54.39 19.71
2017-09-30 484.02 -2.70 136.67 47.83
2017-06-30 479.60 -22.32 130.95 44.93
2017-03-31 8.83 -59.74 41.30 19.92
2016-12-31 480.17 28.48 114.05 42.47
2016-09-30 428.15 2.42 112.49 38.69
2016-06-30 416.46 23.93 111.35 37.56
2016-03-31 417.14 25.92 120.86 36.53
2015-12-31 412.72 25.73 123.72 35.07
2015-09-30 314.33 0.99 117.52 35.20
2015-06-30 363.37 23.89 118.04 35.27
2015-03-31 350.16 22.36 110.79 36.84
2014-12-31 368.50 24.15 108.84 37.38
2014-09-30 434.31 35.12 118.77 34.60
2014-06-30 376.92 21.96 111.80 31.03
2014-03-31 384.67 26.77 115.13 27.67
2013-12-31 378.24 34.02 113.12 25.05
2013-09-30 368.82 31.59 114.15 23.24
2013-06-30 370.48 26.83 121.26 22.09
2013-03-31 366.68 22.68 128.98 21.85
2012-12-31 374.92 31.15 122.49 19.81
2012-09-30 339.09 36.05 115.23 18.35
2012-06-30 362.73 46.58 119.27 19.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if ATA has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if ATA has efficiently used its assets last year compared to the US Consumer Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if ATA improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess ATA's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ATA has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ATAI Health

 How is ATA's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ATA's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ATA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ATA has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ATA's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • ATA has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ATA Company Filings, last reported 2 months ago.

NasdaqGM:ATAI Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 301.97 0.00 168.67
2018-12-31 315.39 0.00 190.59
2018-09-30 331.99 15.00 228.60
2018-06-30 267.12 15.00 300.68
2018-03-31 364.08 0.00 173.66
2017-12-31 401.38 0.00 53.48
2017-09-30 344.22 0.00 166.22
2017-06-30 354.26 0.00 154.07
2017-03-31 392.46 3.45 222.45
2016-12-31 442.56 3.47 247.71
2016-09-30 366.22 3.34 119.77
2016-06-30 399.45 0.00 119.48
2016-03-31 394.23 0.00 247.67
2015-12-31 415.73 0.00 283.66
2015-09-30 375.85 0.00 215.33
2015-06-30 386.21 0.00 220.23
2015-03-31 377.32 0.00 240.30
2014-12-31 391.18 0.00 277.18
2014-09-30 372.22 0.00 253.31
2014-06-30 364.33 0.00 337.69
2014-03-31 411.89 0.00 311.95
2013-12-31 421.16 0.00 378.12
2013-09-30 382.68 0.00 284.64
2013-06-30 385.52 0.00 267.00
2013-03-31 375.55 0.00 290.03
2012-12-31 378.74 0.00 294.93
2012-09-30 343.38 0.00 250.65
2012-06-30 375.19 0.00 267.44
  • ATA has no debt.
  • ATA had no debt 5 years ago.
  • ATA has no debt, it does not need to be covered by operating cash flow.
  • ATA has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ATA's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ATA has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ATAI Dividends

 What is ATA's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ATA dividends.
If you bought $2,000 of ATA shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ATA's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ATA's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:ATAI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:ATAI Past Annualized Dividends Data
Date (Data in CN¥) Dividend per share (annual) Avg. Yield (%)
2018-04-12 0.000 0.000
2017-06-01 2.569 8.422
2016-06-01 0.000 0.000
2016-02-19 0.000 0.000
2015-11-11 0.000 0.000
2015-06-24 0.000 0.000
2015-05-29 0.000 0.000
2014-06-26 2.505 9.568
2014-05-29 2.523 8.504
2013-06-26 1.108 4.157
2013-05-29 1.108 4.169
2013-02-05 1.066 4.200
2013-02-04 1.085 3.209
2012-11-05 1.082 3.534

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ATA has not reported any payouts.
  • Unable to verify if ATA's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ATA's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ATA has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ATA's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ATA afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ATA has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ATAI Management

 What is the CEO of ATA's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Ma
COMPENSATION CN¥0
AGE 54
TENURE AS CEO 4.7 years
CEO Bio

Mr. Xiaofeng Ma, also known as Kevin, is an Advisor at Elevation China Capital. Mr. Ma co-founded ATA, Inc. and serves as its Chairman and has been its Chief Executive Officer since October 2014. Previously he served as Chief Executive Officer and Compliance Officer of ATA, Inc. until October 8, 2013. He co-founded Dynamic Technology Corporation and served as its Chief Executive Officer from 1996 to 1998. Mr. Ma served as General Manager in the Hainan High-Tech Industry International Cooperation Center from 1990 to 1996. He served as Vice President of the Beijing MDI High-Tech Center and as the President at Beijing Zhongjia Integrated Intelligent System Engineering. He has been an Independent Non-Executive Director at BAIOO Family Interactive Limited since March 18, 2014. He serves as a Director of a number of private enterprises with operations in China. He served as a Director of China Radio International. Mr. Ma graduated from Nanjing University with a Bachelor’s Degree in Economics.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Insufficient data for Kevin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ATA management team in years:

3.1
Average Tenure
53
Average Age
  • The tenure for the ATA management team is about average.
Management Team

Jack Huang

TITLE
President & Director
AGE
46
TENURE
1.4 yrs

Amy Tung

TITLE
Chief Financial Officer
AGE
46
TENURE
2.2 yrs

Kevin Ma

TITLE
Co-Founder
AGE
54
TENURE
4.7 yrs

Walter Wang

TITLE
Co-Founder and Consultant
AGE
57

Haichang Xiong

TITLE
General Counsel

Benson Tsang

TITLE
Independent Consultant
AGE
53
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the ATA board of directors in years:

7.3
Average Tenure
50
Average Age
  • The tenure for the ATA board of directors is about average.
Board of Directors

Jack Huang

TITLE
President & Director
AGE
46
TENURE
1.4 yrs

Kevin Ma

TITLE
Co-Founder
AGE
54

Andy Yan

TITLE
Independent Director
AGE
61

Hope Ni

TITLE
Independent Director
AGE
46
TENURE
11.4 yrs

Alec Tsui

TITLE
Independent Director
AGE
68
TENURE
11.4 yrs

Zhilei Tong

TITLE
Director
AGE
43
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess ATA's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ATA has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ATAI News

Simply Wall St News

If You Had Bought ATA (NASDAQ:ATAI) Shares Three Years Ago You'd Have A Total Return Of 243%

When revenue is dropping, and losses are still costing, and the share price sinking fast, it's fair to ask if something is remiss. … We've already covered ATA's share price action, but we should also mention its total shareholder return (TSR). … Dividends have been really beneficial for ATA shareholders, and that cash payout contributed to why its TSR of 243%, over the last 3 years, is better than the share price return.

Simply Wall St -

One Thing To Remember About The ATA Inc. (NASDAQ:ATAI) Share Price

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Did Changing Sentiment Drive ATA's Share Price Down A Painful 79%?

It's understandable if you feel frustrated when a stock you own sees a lower share price. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers)

Simply Wall St -

Here's What ATA Inc.'s (NASDAQ:ATAI) ROCE Can Tell Us

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

What Do You Get For Owning ATA Inc (NASDAQ:ATAI)?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently ATA is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Who Are The Largest Shareholders In ATA Inc (NASDAQ:ATAI)?

In this article, I'm going to take a look at ATA Inc’s (NASDAQ:ATAI) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders. … Therefore, it is beneficial for us to examine ATAI's ownership structure in more detail.

Simply Wall St -

Where ATA Inc's (NASDAQ:ATAI) Earnings Growth Stands Against Its Industry

Below, I will run you through a simple sense check to build perspective on how ATA is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its consumer services industry peers. … Did ATAI's recent performance beat its trend and industry … ATAI's trailing twelve-month earnings (from 31 March 2018) of CN¥54.03m has

Simply Wall St -

Can ATA Inc (NASDAQ:ATAI) Continue To Outperform Its Industry?

and want to better understand how you can grow your money by investing in ATA Inc (NASDAQ:ATAI). … If ATAI borrows debt to invest in its business, its profits will be higher. … But ROE does not capture any debt, so we only see high profits and low equity, which is great on the surface

Simply Wall St -

Is ATA Inc's (NASDAQ:ATAI) 16.80% ROE Strong Compared To Its Industry?

View our latest analysis for ATA Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity Returns are usually compared to costs to measure the efficiency of capital. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGM:ATAI Last Perf May 21st 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

Does ATA Inc (NASDAQ:ATAI) Have A Place In Your Portfolio?

See our latest analysis for ATA 5 questions I ask before picking a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is its annual yield among the top 25% of dividend-paying companies? … If dividend is a key criteria in your investment consideration, then you need to make sure the dividend stock you're eyeing out is reliable in its payments. … But if you are not exclusively a dividend investor, the stock could still be an interesting investment opportunity.

Simply Wall St -

ATAI Company Info

Description

ATA Inc., through its subsidiaries, provides computer-based testing services in the People’s Republic of China. The company offers services for the creation and delivery of computer-based tests utilizing its test delivery platform and proprietary testing technologies that are used for professional licensure and certification tests in various industries, including IT services, banking, teaching, and insurance; and administrative services, such as test registration, scheduling, fee collection, and certification fulfillment. Its e-testing platform integrates various aspects of the test delivery process for computer-based tests, from test form compilation to test scoring and results analysis. The company also offers mobile test administration platform MTS for test administration; and EzTest, an online self-service testing platform that provides testing management and delivery functions for the test delivery organizations and individuals, including item banking, test form composition, test delivery, online proctoring, and test result analysis. In addition, it provides EzInterview, an online interview management platform to support the talent assessment and hiring process; and HR Select, an employee assessment solution that enables corporate human resources departments to test, benchmark, and analyze job applicants; and online education services. As of December 31, 2017, the company operated 3,344 authorized test centers. It serves professional associations, governmental agencies, and IT vendors, as well as individual online education services consumers. ATA Inc. was founded in 1999 and is headquartered in Beijing, the People’s Republic of China.

Details
Name: ATA Inc.
ATAI
Exchange: NasdaqGM
Founded: 1999
$48,809,826
23,132,619
Website: http://www.atai.net.cn
Address: ATA Inc.
Building No.2,
East Gate, Floor 1,
Beijing,
100022,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM ATAI SPON ADR EACH REP 2 COM SHS USD0.01 Nasdaq Global Market US USD 29. Jan 2008
DB 3IZ SPON ADR EACH REP 2 COM SHS USD0.01 Deutsche Boerse AG DE EUR 29. Jan 2008
BST 3IZ SPON ADR EACH REP 2 COM SHS USD0.01 Boerse-Stuttgart DE EUR 29. Jan 2008
Number of employees
Current staff
Staff numbers
101
ATA employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/17 00:06
End of day share price update: 2019/06/14 00:00
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.