Adtalem Global Education
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Adtalem Global Education Inc. provides educational services worldwide. The last earnings update was 14 days ago. More info.
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ATGE Share Price and Events
7 Day Returns
1 Year Returns
ATGE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Adtalem Global Education (ATGE) | 2.3% | 1.1% | -12.1% | 4.7% | 172% | 16.1% |
| US Consumer Services | -1.4% | 5.4% | 7.2% | -3.8% | 100.8% | 110% |
| US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
1 Year Return vs Industry and Market
- ATGE outperformed the Consumer Services industry which returned -3.8% over the past year.
- ATGE outperformed the Market in United States of America which returned 2.3% over the past year.
Value
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
Adtalem Global Education
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Adtalem Global Education.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.1% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Consumer Services Unlevered Beta | Simply Wall St/ S&P Global | 0.93 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.935 (1 + (1- 21%) (10.5%)) |
1.012 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.01 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.012 * 7.27%) |
10.09% |
Discounted Cash Flow Calculation for NYSE:ATGE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Adtalem Global Education is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 164.80 | 183.40 | 160.98 | 141.30 | 124.02 |
| Source | Analyst x1 | Analyst x1 | Est @ -12.23% | Est @ -12.23% | Est @ -12.23% |
|
Present Value Discounted (@ 10.09%) |
149.70 | 151.33 | 120.66 | 96.20 | 76.70 |
| Present value of next 5 years cash flows | $594.59 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $124.02 × (1 + 2.73%) ÷ (10.09% – 2.73%) |
$1,731.71 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $1,731.71 ÷ (1 + 10.09%)5 |
$1,070.99 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $594.59 + $1,070.99 |
$1,665.59 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,665.59 / 57.78 |
$28.83 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $28.83 |
| Current discount | Discount to share price of
$49.24
= -1 x ($49.24 - $28.83) / $28.83 |
-70.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Adtalem Global Education is above its future cash flow value.
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 Adtalem Global Education's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Adtalem Global Education's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $3.11 |
| NYSE:ATGE Share Price ** | NYSE (2019-02-21) in USD | $49.24 |
| United States of America Consumer Services Industry PE Ratio | Median Figure of 25 Publicly-Listed Consumer Services Companies | 24.36x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Adtalem Global Education.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:ATGE Share Price ÷ EPS (both in USD) = 49.24 ÷ 3.11 |
15.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Adtalem Global Education is good value based on earnings compared to the US Consumer Services industry average.
- Adtalem Global Education is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Adtalem Global Education's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 15.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
16.2%per year |
| United States of America Consumer Services Industry PEG Ratio | Median Figure of 16 Publicly-Listed Consumer Services Companies | 1.38x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 15.81x ÷ 16.2% |
0.98x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Adtalem Global Education is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Adtalem Global Education's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $24.61 |
| NYSE:ATGE Share Price * | NYSE (2019-02-21) in USD | $49.24 |
| United States of America Consumer Services Industry PB Ratio | Median Figure of 46 Publicly-Listed Consumer Services Companies | 2.24x |
| United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:ATGE Share Price ÷ Book Value per Share (both in USD) = 49.24 ÷ 24.61 |
2x |
* Primary Listing of Adtalem Global Education.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Adtalem Global Education is good value based on assets compared to the US Consumer Services industry average.
Value checks
We assess Adtalem Global Education's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check) Adtalem Global Education has a total score of 4/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Adtalem Global Education's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Adtalem Global Education's earnings growth is expected to exceed the United States of America market average.
- Adtalem Global Education's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:ATGE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 16.2% |
| NYSE:ATGE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 6.7% |
| United States of America Consumer Services Industry Earnings Growth Rate | Market Cap Weighted Average | 29.7% |
| United States of America Consumer Services Industry Revenue Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 1,555 | 255 | 1 | |
| 2021-06-30 | 1,443 | 226 | 1 | |
| 2020-06-30 | 1,343 | 234 | 195 | 5 |
| 2019-06-30 | 1,264 | 233 | 127 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,231 | 212 | 188 |
| 2018-09-30 | 1,222 | 227 | 84 |
| 2018-06-30 | 1,231 | 239 | 114 |
| 2018-03-31 | 1,156 | 245 | 69 |
| 2017-12-31 | 1,146 | 239 | 61 |
| 2017-09-30 | 1,172 | 222 | 119 |
| 2017-06-30 | 1,208 | 231 | 120 |
| 2017-03-31 | 1,467 | 178 | 59 |
| 2016-12-31 | 1,609 | 193 | 75 |
| 2016-09-30 | 1,731 | 210 | 17 |
| 2016-06-30 | 1,080 | 231 | 125 |
| 2016-03-31 | 1,845 | 213 | 37 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from Adtalem Global Education Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-06-30 | 4.24 | 4.24 | 4.24 | 1.00 |
| 2021-06-30 | 3.77 | 3.77 | 3.77 | 1.00 |
| 2020-06-30 | 3.27 | 3.30 | 3.23 | 3.00 |
| 2019-06-30 | 2.13 | 2.47 | 1.79 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.11 |
| 2018-09-30 | 1.37 |
| 2018-06-30 | 1.85 |
| 2018-03-31 | 1.11 |
| 2017-12-31 | 0.97 |
| 2017-09-30 | 1.89 |
| 2017-06-30 | 1.89 |
| 2017-03-31 | 0.93 |
| 2016-12-31 | 1.18 |
| 2016-09-30 | 0.27 |
| 2016-06-30 | 1.95 |
| 2016-03-31 | 0.57 |
*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 Adtalem Global Education will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Adtalem Global Education's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Adtalem Global Education has a total score of 2/6, 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.
Past Performance
How has Adtalem Global Education 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
Past Earnings growth analysis
- Adtalem Global Education's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Adtalem Global Education's 1-year earnings growth exceeds its 5-year average (209.7% vs -4.9%)
- Adtalem Global Education's earnings growth has exceeded the US Consumer Services industry average in the past year (209.7% vs 21.2%).
Earnings and Revenue History
All data from Adtalem Global Education Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,230.64 | 187.91 | 393.18 | |
| 2018-09-30 | 1,222.26 | 83.65 | 382.62 | |
| 2018-06-30 | 1,231.21 | 113.92 | 373.06 | |
| 2018-03-31 | 1,155.80 | 69.08 | 347.13 | |
| 2017-12-31 | 1,146.28 | 60.67 | 342.78 | |
| 2017-09-30 | 1,172.03 | 119.47 | 354.52 | |
| 2017-06-30 | 1,207.91 | 119.97 | 369.04 | |
| 2017-03-31 | 1,467.36 | 59.08 | 477.71 | |
| 2016-12-31 | 1,608.91 | 74.85 | 535.50 | |
| 2016-09-30 | 1,731.15 | 17.31 | 593.50 | |
| 2016-06-30 | 1,080.08 | 125.09 | 352.65 | |
| 2016-03-31 | 1,845.03 | 36.73 | 924.27 | |
| 2015-12-31 | 1,860.63 | 26.35 | 943.00 | |
| 2015-09-30 | 1,889.31 | 119.35 | 958.75 | |
| 2015-06-30 | 1,909.94 | 134.32 | 708.29 | |
| 2015-03-31 | 1,921.83 | 141.98 | 702.59 | |
| 2014-12-31 | 1,928.11 | 156.57 | 706.33 | |
| 2014-09-30 | 1,934.50 | 163.23 | 716.47 | |
| 2014-06-30 | 1,923.37 | 150.99 | 986.87 | |
| 2014-03-31 | 1,918.26 | 93.45 | 750.46 | |
| 2013-12-31 | 1,925.97 | 95.67 | 755.83 | |
| 2013-09-30 | 1,935.37 | 97.72 | 754.52 | |
| 2013-06-30 | 1,964.38 | 123.69 | 756.38 | |
| 2013-03-31 | 1,972.30 | 179.27 | 757.86 | |
| 2012-12-31 | 2,009.28 | 188.04 | 769.70 | |
| 2012-09-30 | 2,032.67 | 145.79 | 780.00 | |
| 2012-06-30 | 2,071.78 | 169.11 | 789.90 | |
| 2012-03-31 | 2,130.64 | 208.68 | 798.70 |
*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.
- Adtalem Global Education has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Adtalem Global Education used its assets more efficiently than the US Consumer Services industry average last year based on Return on Assets.
- Adtalem Global Education's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Adtalem Global Education's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Adtalem Global Education has a total score of 3/6, 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.
Health
How is Adtalem Global Education'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 Adtalem Global Education's finances.
The net worth of a company is the difference between its assets and liabilities.
- Adtalem Global Education is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Adtalem Global Education's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.7x debt.
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.
All data from Adtalem Global Education Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,438.30 | 292.08 | 294.80 |
| 2018-09-30 | 1,448.85 | 292.58 | 408.77 |
| 2018-06-30 | 1,528.40 | 293.07 | 430.69 |
| 2018-03-31 | 1,569.68 | 120.00 | 265.33 |
| 2017-12-31 | 1,527.36 | 165.00 | 212.24 |
| 2017-09-30 | 1,664.61 | 135.00 | 273.75 |
| 2017-06-30 | 1,675.32 | 125.00 | 240.43 |
| 2017-03-31 | 1,660.92 | 120.00 | 209.88 |
| 2016-12-31 | 1,611.63 | 225.00 | 199.95 |
| 2016-09-30 | 1,606.72 | 130.00 | 189.02 |
| 2016-06-30 | 1,587.20 | 0.00 | 308.16 |
| 2016-03-31 | 1,559.46 | 0.00 | 330.21 |
| 2015-12-31 | 1,469.65 | 0.00 | 178.19 |
| 2015-09-30 | 1,547.02 | 0.00 | 436.45 |
| 2015-06-30 | 1,594.43 | 0.00 | 353.02 |
| 2015-03-31 | 1,574.05 | 0.00 | 402.12 |
| 2014-12-31 | 1,564.01 | 0.00 | 379.97 |
| 2014-09-30 | 1,546.79 | 0.00 | 473.11 |
| 2014-06-30 | 1,539.79 | 0.00 | 358.19 |
| 2014-03-31 | 1,499.51 | 0.00 | 400.15 |
| 2013-12-31 | 1,430.97 | 0.00 | 265.30 |
| 2013-09-30 | 1,395.04 | 0.00 | 311.65 |
| 2013-06-30 | 1,398.01 | 0.00 | 196.58 |
| 2013-03-31 | 1,458.14 | 0.00 | 280.95 |
| 2012-12-31 | 1,405.26 | 0.00 | 219.01 |
| 2012-09-30 | 1,376.40 | 0.00 | 250.32 |
| 2012-06-30 | 1,364.64 | 0.00 | 176.62 |
| 2012-03-31 | 1,402.66 | 0.00 | 332.11 |
- Adtalem Global Education's level of debt (20.3%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 20.3% today).
- Debt is well covered by operating cash flow (72.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).
Financial health checks
We assess Adtalem Global Education's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Adtalem Global Education has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Adtalem Global Education'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
If you bought
$2,000 of
Adtalem Global Education
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Adtalem Global Education's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Adtalem Global Education'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.
| 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 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Services Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 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 | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-06-30 | ||
| 2021-06-30 | ||
| 2020-06-30 | ||
| 2019-06-30 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-01 | 0.000 | 0.000 |
| 2018-08-24 | 0.000 | 0.000 |
| 2018-08-16 | 0.000 | 0.000 |
| 2018-05-03 | 0.000 | 0.000 |
| 2018-02-06 | 0.000 | 0.000 |
| 2017-11-02 | 0.000 | 0.000 |
| 2017-08-24 | 0.000 | 0.000 |
| 2017-08-17 | 0.000 | 0.000 |
| 2017-05-04 | 0.360 | 0.995 |
| 2016-11-14 | 0.360 | 1.099 |
| 2016-05-16 | 0.360 | 1.706 |
| 2016-05-05 | 0.360 | 1.908 |
| 2015-11-05 | 0.360 | 1.788 |
| 2015-05-14 | 0.360 | 1.247 |
| 2015-05-08 | 0.360 | 1.134 |
| 2015-04-23 | 0.360 | 1.147 |
| 2014-11-06 | 0.360 | 0.884 |
| 2014-05-09 | 0.340 | 0.787 |
| 2014-05-05 | 0.340 | 0.767 |
| 2014-04-24 | 0.340 | 0.769 |
| 2013-11-06 | 0.340 | 0.904 |
| 2013-05-16 | 0.340 | 1.090 |
| 2013-05-03 | 0.340 | 1.183 |
| 2013-04-23 | 0.340 | 1.200 |
| 2012-11-08 | 0.340 | 1.242 |
| 2012-05-14 | 0.300 | 1.257 |
| 2012-05-03 | 0.300 | 0.972 |
| 2012-04-24 | 0.300 | 0.946 |
| 2011-11-03 | 0.300 | 0.833 |
| 2011-05-23 | 0.240 | 0.500 |
| 2011-05-05 | 0.240 | 0.456 |
| 2011-04-26 | 0.240 | 0.457 |
| 2010-11-10 | 0.240 | 0.485 |
| 2010-05-18 | 0.200 | 0.413 |
| 2010-05-06 | 0.200 | 0.330 |
| 2010-04-22 | 0.200 | 0.309 |
| 2009-11-11 | 0.200 | 0.332 |
| 2009-05-13 | 0.160 | 0.319 |
| 2009-05-07 | 0.160 | 0.366 |
| 2009-04-23 | 0.160 | 0.381 |
| 2009-02-23 | 0.160 | 0.345 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Adtalem Global Education has not reported any payouts.
- Unable to verify if Adtalem Global Education's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Adtalem Global Education's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Adtalem Global Education afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Adtalem Global Education 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.
Management
CEO
| COMPENSATION | $11,722,209 |
| AGE | 49 |
| TENURE AS CEO | 2.8 years |
CEO Bio
Ms. Lisa W. Wardell A/L Lisa W. Pickrum, Esq., has been the Chief Executive Officer and President of Adtalem Global Education Inc. (formerly, DeVry Education Group Inc.) since May 24, 2016 and Director since November 2008. Ms. Wardell serves as Secretary of UTB Education Finance, LLC. She served as the Chief Operating Officer and Executive Vice President of RLJ-McLarty-Landers Automotive Holdings, LLC. Ms. Wardell served as the Chief Operating Officer and Executive Vice President of The RLJ Companies, LLC since August 2004 through 2016. She was responsible for operations, infrastructure and business development of The RLJ Companies portfolio, including financial operations and functions, strategic partnerships and new business development. In her role at RLJ, Ms. Wardell closed $40 million in automotive dealership acquisitions. She served as an acting Chief Operating Officer at RLJ Select Investments, LLC. She served as the Chief Financial Officer at RLJ Acquisition, Inc., from December 2010 to October 2012 and also served as its Principal Accounting Officer and Director. Ms. Wardell served as an Acting Chief Executive Officer at RolloverSystems Inc., from January 2007 to April 2007. With significant experience in structuring and negotiating private equity deals and mergers and acquisitions, she was a key member of the team that led the formation of RLJ Asset Management, a business launched in association with Deutsche Bank Asset Management (DeAM) to form RLJ Select Investments, LLC. Additionally, she played a key role in the creation of RLJ Equity Partners, LLC. From September 2000 to January 2003, she was a Principal at Katalyst Ventures Partners, conducting deal sourcing, negotiation and execution as well as serving as interim management in several early stage ventures. Previously, Ms. Wardell was a Senior Consultant of Accenture plc in its communications and technology strategic services practice from 1998 to 2000 and was an Attorney with the Federal Communications Commission (FCC) from 1994 to 1996, where she worked in the commercial wireless division. She served as the Non-Executive Chairman of Christopher & Banks Corporation since November 2015 until January 10, 2017 and its Independent Director since June 1, 2011 until January 17, 2017. She serves as a Director of RolloverSystems, LLC and UTB Education Finance, LLC. She has been a Director of Lowe's Cos. Inc. since March 22, 2018. She is also a Member of the Board of Directors at The RLJ McLarty Landers Automotive Group. She serves as a Member of Advisory Board at McLarty Capital Partners LLC. She served as a Director of RLJ Entertainment, Inc. from October 2012 to June 4, 2015. She served as Director of Urban Trust Bank. She served on the Board of Naylor, Inc. In addition, Ms. Wardell served as the primary RLJ fundraiser for a $610 million money management fund and managed a hotel development project in West Africa. She is a member of the executive network of RLJ Equity Partners, a middle market private equity fund. She is a member of the Board of Directors for Lowe’s Home Improvement, a Fortune 50 company, THINK450, as well as a member of The Business Council, the Fortune CEO Initiative, CEO Action for Diversity and Inclusion and the Executive Leadership Council. Among numerous recognitions, she was recently named to Savoy Magazine’s Power 300: Most Influential Black Corporate Directors list (2017 and 2016) and has been recognized by Black Enterprise magazine as one of the “300 Most Powerful Executives in Corporate America” (2017). She is often featured for her strategic insights by media outlets, including Bloomberg, Politico, Inside Higher Ed and the Chronicle of Higher Education, among others. Ms. Wardell was named to the Black Enterprise 'Top 50 Women of Power in Business' in February 2006. She earned a Bachelor of Arts degree in Political Science from Vassar College, a Jurist Doctor degree from Stanford Law School and a Masters in Business Administration from the Wharton School of Business at the University of Pennsylvania in Finance and Entrepreneurial Management. She holds undergraduate degree in African studies from Vassar College.
CEO Compensation
- Lisa's compensation has increased by more than 20% in the past year.
- Lisa's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Adtalem Global Education management team in years:
- The average tenure for the Adtalem Global Education management team is less than 2 years, this suggests a new team.
Management Team
Lisa Wardell
President
$12M
49
2.8 yrs
Patrick Unzicker
Senior VP
$2M
47
2.7 yrs
Donna Jennings-Howell
Senior Vice President of Human Resources
$1M
56
12.3 yrs
Kathy Holland
Group President of Medical & Healthcare vertical
$188K
52
0.8 yrs
Mehul Patel
Group President of Professional Education
$1M
44
1.4 yrs
Susan Groenwald
President Emeritus of Chamberlain University
$1M
69
0.6 yrs
Heidi Chumley
Executive Dean
Sean Callanan
Bill Owen
Dean & Chancellor - Ross University School of Medicine
62
Steve Beard
COO, General Counsel & Corporate Secretary
47
0.1 yrs
Board of Directors Tenure
Average tenure and age of the Adtalem Global Education board of directors in years:
- The average tenure for the Adtalem Global Education board of directors is less than 3 years, this suggests a new board.
Board of Directors
James White
Chairman
$303K
57
1.3 yrs
Lisa Wardell
President
$12M
49
10.3 yrs
Lyle Logan
Independent Director
$226K
58
11.3 yrs
Michael Malafronte
Independent Director
43
2.7 yrs
William Burke
Independent Director
$245K
59
2.1 yrs
Ann Hart
Independent Director
$210K
69
3 yrs
Georgette Kiser
Director
$21K
50
0.8 yrs
Steven Altschuler
Director
$21K
65
0.8 yrs
Donna Hrinak
Director
67
0.3 yrs
Dennis Keller
Co-Founder and Director Emeritus
$502K
77
10.3 yrs
Who owns this company?
Recent Insider Trading
- Adtalem Global Education insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Feb 19 | Sell | James White | Individual | 19. Feb 19 | 19. Feb 19 | -2,936 | $49.03 | $-143,952 | ||
| 14. Feb 19 | Sell | Carlos Filgueiras | Individual | 13. Feb 19 | 13. Feb 19 | -3,205 | $48.22 | $-154,545 | ||
| 13. Nov 18 | Sell | Mehul Patel | Individual | 12. Nov 18 | 12. Nov 18 | -631 | $57.88 | $-36,522 | ||
| 09. Nov 18 | Sell | Carlos Filgueiras | Individual | 07. Nov 18 | 07. Nov 18 | -6,500 | $57.08 | $-371,020 | ||
| 06. Nov 18 | Sell | Donna Jennings-Howell | Individual | 06. Nov 18 | 06. Nov 18 | -4,302 | $55.70 | $-239,621 | ||
| 31. Aug 18 | Sell | Donna Lorraine | Individual | 29. Aug 18 | 29. Aug 18 | -3,956 | $47.75 | $-188,899 | ||
| 30. Aug 18 | Sell | Carlos Filgueiras | Individual | 28. Aug 18 | 28. Aug 18 | -3,313 | $48.19 | $-159,653 | ||
| 24. Aug 18 | Sell | Fernando Lau | Individual | 22. Aug 18 | 22. Aug 18 | -132 | $48.60 | $-6,415 | ||
| 24. Aug 18 | Sell | Ronald Taylor | Individual | 22. Aug 18 | 23. Aug 18 | -50,000 | $48.80 | $-2,431,900 | ||
| 23. Aug 18 | Sell | Ronald Taylor | Individual | 21. Aug 18 | 21. Aug 18 | -35,000 | $48.65 | $-1,702,750 | ||
| 22. Aug 18 | Sell | Ronald Taylor | Individual | 20. Aug 18 | 20. Aug 18 | -15,000 | $48.36 | $-725,400 | ||
| 23. May 18 | Sell | Christopher Nash | Individual | 22. May 18 | 22. May 18 | -5,450 | $46.76 | $-254,858 | ||
| 22. May 18 | Sell | Ronald Taylor | Individual | 21. May 18 | 21. May 18 | -18,005 | $46.77 | $-842,076 | ||
Management checks
We assess Adtalem Global Education's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Adtalem Global Education 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.
News
Simply Wall St News
What Should Investors Know About Adtalem Global Education Inc.'s (NYSE:ATGE) Future?
Want to participate in a short research study? … Help shape the future of investing tools and receive a $20 prize! … (NYSE:ATGE) released its latest earnings announcement on 31 December 2018,
Simply Wall St - – Full articleIs Adtalem Global Education Inc.’s (NYSE:ATGE) Return On Capital Employed Any Good?
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its 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 - – Full articleWhen Should You Buy Adtalem Global Education Inc. (NYSE:ATGE)?
Adtalem Global Education Inc. … A question to answer is whether Adtalem Global Education's current trading price of $48.88 reflective of the actual value of the? … Let’s take a look at Adtalem Global Education’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleWith A 5.8% Return On Equity, Is Adtalem Global Education Inc. (NYSE:ATGE) A Quality Stock?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Adtalem Global Education Inc. … Over the last twelve months Adtalem Global Education has recorded a ROE of 5.8%.
Simply Wall St - – Full articleRead This Before Buying Adtalem Global Education Inc. (NYSE:ATGE) Shares
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Adtalem Global Education Insider Transactions Over The Last Year. … In total, Adtalem Global Education insiders sold more than they bought over the last year
Simply Wall St - – Full articleShould We Worry About Adtalem Global Education Inc's (NYSE:ATGE) P/E Ratio?
We'll show how you can use Adtalem Global Education Inc's (NYSE:ATGE) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Adtalem Global Education's P/E ratio is 40.68. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Adtalem Global Education Inc's (NYSE:ATGE) CEO Salary Justified?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Lisa Wardell's Compensation Compare With Similar Sized Companies. … Our data indicates that Adtalem Global Education Inc is worth US$2.9b, and total annual CEO compensation is US$6m.
Simply Wall St - – Full articleShould You Be Worried When Adtalem Global Education Inc’s (NYSE:ATGE) Insiders Sell?
Adtalem Global Education's insiders have divested from. … It is widely considered that insider selling stock in their own companies is potentially a bearish signal … A two-decade research published in The MIT Press (1998) showed that stocks following insider selling declined 2.7% relative to the market
Simply Wall St - – Full articleHas Adtalem Global Education Inc (NYSE:ATGE) Got Enough Cash?
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Adtalem Global Education Inc (NYSE:ATGE) with a market-capitalization of US$3.36b, rarely draw their attention. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … See our latest analysis for Adtalem Global Education
Simply Wall St - – Full articleWhat Should You Know About Adtalem Global Education Inc's (NYSE:ATGE) Capital Returns?
and want a simplistic look at the return on Adtalem Global Education Inc (NYSE:ATGE) stock. … Adtalem Global Education stock represents an ownership share in the company. … Therefore, looking at how efficiently Adtalem Global Education is able to use capital to create earnings will help us understand your potential return.
Simply Wall St - – Full articleCompany Info
Map
Description
Adtalem Global Education Inc. provides educational services worldwide. It operates through three segments: Medical and Healthcare, Professional Education, and Technology and Business. The Medical and Healthcare segment operates Chamberlain University, which provides a pre-licensure bachelor’s degree in nursing at 21 campus locations and post-licensure bachelor’s, master’s, and doctorate degree programs in nursing through its online platform; and operates medical and veterinary schools, including American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine. The Professional Education segment operates an Association of Certified Anti-Money Laundering Specialists, which provides membership services, certified anti-money laundering specialist certification, conferences, risk assessment, training, and publications; and Becker Professional Education that prepares candidates for the Certified Public Accountant, Certified Management Accountant, and U.S. Medical Licensing Examination certification examinations, as well as professional education programs and seminars in accounting and finance. This segment also offers professional education in the areas of finance, accounting, analytics, marketing, and healthcare. The Technology and Business segment operates approximately 15 institutions, which offers undergraduate and graduate programs in the areas of business, management, medical, healthcare, law, and engineering; and provides legal bar exam review courses. The company was formerly known as DeVry Education Group Inc. and changed its name to Adtalem Global Education Inc. in May 2017. Adtalem Global Education Inc. was founded in 1931 and is based in Chicago, Illinois.
Details
| Name: | Adtalem Global Education Inc. |
| ATGE | |
| Exchange: | NYSE |
| Founded: | 1931 |
| $2,782,107,000 | |
| 57,780,000 | |
| Website: | http://www.adtalem.com |
| Address: |
Adtalem Global Education Inc. 500 West Monroe Street, Chicago, Illinois, 60661, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | ATGE | Common Stock | New York Stock Exchange | US | USD | 21. Jun 1991 |
Number of employees
Current staff
Industry
| Education Services | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/21 23:36 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/18 |
| Last earnings filing: | 2019/02/07 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/06/30 |
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.
