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Bright Scholar Education Holdings

NYSE:BEDU
Snowflake Description

Excellent balance sheet with reasonable growth potential.

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

Bright Scholar Education Holdings Limited operates K-12 schools in China. The last earnings update was 2 days ago. More info.


Add to Portfolio Compare Print
  • Bright Scholar Education Holdings has significant price volatility in the past 3 months.
BEDU Share Price and Events
7 Day Returns
-7.7%
NYSE:BEDU
1.8%
US Consumer Services
-0.3%
US Market
1 Year Returns
-41.2%
NYSE:BEDU
2.9%
US Consumer Services
3.9%
US Market
BEDU Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bright Scholar Education Holdings (BEDU) -7.7% -9.5% -19.6% -41.2% - -
US Consumer Services 1.8% 1.7% 8.4% 2.9% 99% 128.4%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • BEDU underperformed the Consumer Services industry which returned 2.9% over the past year.
  • BEDU underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
BEDU
Industry
5yr Volatility vs Market

BEDU Value

 Is Bright Scholar Education Holdings 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 Bright Scholar Education Holdings 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 Bright Scholar Education Holdings.

NYSE:BEDU Discounted Cash Flow Data Sources
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 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 NYSE:BEDU
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 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.74 (1 + (1- 25%) (0.63%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.828 * 5.96%)
7.67%

Discounted Cash Flow Calculation for NYSE:BEDU using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bright Scholar Education Holdings 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.

NYSE:BEDU DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.67%)
2020 763.00 Analyst x1 708.67
2021 836.00 Analyst x1 721.19
2022 896.32 Est @ 7.21% 718.16
2023 948.92 Est @ 5.87% 706.18
2024 995.68 Est @ 4.93% 688.21
2025 1,038.18 Est @ 4.27% 666.49
2026 1,077.70 Est @ 3.81% 642.60
2027 1,115.25 Est @ 3.48% 617.64
2028 1,151.58 Est @ 3.26% 592.35
2029 1,187.27 Est @ 3.1% 567.22
Present value of next 10 years cash flows CN¥6,628.71
NYSE:BEDU DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥1,187.27 × (1 + 2.73%) ÷ (7.67% – 2.73%)
CN¥24,708.68
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥24,708.68 ÷ (1 + 7.67%)10
CN¥11,804.68
NYSE:BEDU Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥6,628.71 + CN¥11,804.68
CN¥18,433.39
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥18,433.39 / 124.49
CN¥148.07
NYSE:BEDU Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NYSE:BEDU)
0.145
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥148.07 x 0.145
$21.52
Value per share (USD) From above. $21.52
Current discount Discount to share price of $9.30
= -1 x ($9.30 - $21.52) / $21.52
56.8%

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

Current Discount
Amount off the current price Bright Scholar Education Holdings is available for.
Intrinsic value
>50%
Share price is $9.3 vs Future cash flow value of $21.52
Current Discount Checks
For Bright Scholar Education Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bright Scholar Education Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bright Scholar Education Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Bright Scholar Education Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bright Scholar Education Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:BEDU PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-05-31) in CNY CN¥2.46
NYSE:BEDU Share Price ** NYSE (2019-07-19) in USD $9.3
NYSE:BEDU Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥63.98
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 26.07x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

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

** Primary Listing of Bright Scholar Education Holdings.

NYSE:BEDU PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:BEDU Share Price ÷ EPS (both in CNY)

= 63.98 ÷ 2.46

26.02x

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

  • Bright Scholar Education Holdings is good value based on earnings compared to the US Consumer Services industry average.
  • Bright Scholar Education Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bright Scholar Education Holdings's expected growth come at a high price?
Raw Data
NYSE:BEDU PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
24.2%per year
United States of America Consumer Services Industry PEG Ratio Median Figure of 17 Publicly-Listed Consumer Services Companies 1.46x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NYSE:BEDU PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.02x ÷ 24.2%

1.07x

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

  • Bright Scholar Education Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bright Scholar Education Holdings's assets?
Raw Data
NYSE:BEDU PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-05-31) in CNY CN¥23.00
NYSE:BEDU Share Price * NYSE (2019-07-19) in USD $9.3
NYSE:BEDU Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥63.98
United States of America Consumer Services Industry PB Ratio Median Figure of 51 Publicly-Listed Consumer Services Companies 1.93x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NYSE:BEDU PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:BEDU Share Price ÷ Book Value per Share (both in CNY)

= 63.98 ÷ 23.00

2.78x

* Primary Listing of Bright Scholar Education Holdings.

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

  • Bright Scholar Education Holdings is overvalued based on assets compared to the US Consumer Services industry average.
X
Value checks
We assess Bright Scholar Education Holdings'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. Bright Scholar Education Holdings has a total score of 3/6, 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.

BEDU Future Performance

 How is Bright Scholar Education Holdings expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

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
24.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bright Scholar Education Holdings expected to grow at an attractive rate?
  • Bright Scholar Education Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bright Scholar Education Holdings's earnings growth is expected to exceed the United States of America market average.
  • Bright Scholar Education Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:BEDU Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:BEDU Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 24.2%
NYSE:BEDU Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 18%
United States of America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 33%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 14.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:BEDU Analysts Growth Expectations Data Sources
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 numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:BEDU Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-08-31 3,358 1,249 540 3
2020-08-31 2,893 1,483 512 4
2019-08-31 2,389 1,074 375 5
NYSE:BEDU Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-05-31 2,241 637 305
2019-02-28 2,089 708 299
2018-11-30 1,904 533 280
2018-08-31 1,719 554 247
2018-05-31 1,605 482 232
2018-02-28 1,471 381 208
2017-11-30 1,415 399 231
2017-08-31 1,328 465 172
2017-05-31 1,272 494 166
2017-02-28 1,183 457 100
2016-11-30 1,167 107 59
2016-08-31 1,040 361 -36

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bright Scholar Education Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Bright Scholar Education Holdings's revenue is expected to grow by 18% yearly, however this is not considered high growth (20% yearly).
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
NYSE:BEDU 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 Bright Scholar Education Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BEDU Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-08-31 4.24 4.24 4.24 1.00
2020-08-31 4.05 4.67 3.44 2.00
2019-08-31 3.21 3.21 3.21 1.00
NYSE:BEDU Past Financials Data
Date (Data in CNY Millions) EPS *
2019-05-31 2.46
2019-02-28 2.39
2018-11-30 2.26
2018-08-31 2.02
2018-05-31 1.94
2018-02-28 1.83
2017-11-30 2.12
2017-08-31 1.64
2017-05-31 1.65
2017-02-28 1.00
2016-11-30 0.60
2016-08-31 -0.38

*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.
  • Bright Scholar Education Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Bright Scholar Education Holdings'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.
Bright Scholar Education Holdings has a total score of 4/6, 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.

BEDU Past Performance

  How has Bright Scholar Education Holdings 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 Bright Scholar Education Holdings'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.
  • Bright Scholar Education Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Bright Scholar Education Holdings's 1-year earnings growth is less than its 5-year average (31.5% vs 51.1%)
  • Bright Scholar Education Holdings's earnings growth has exceeded the US Consumer Services industry average in the past year (31.5% vs 6.5%).
Earnings and Revenue History
Bright Scholar Education Holdings'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 Bright Scholar Education Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:BEDU Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-05-31 2,241.11 304.77 549.32
2019-02-28 2,089.17 299.37 475.06
2018-11-30 1,903.50 280.05 409.21
2018-08-31 1,718.87 246.97 368.14
2018-05-31 1,604.66 231.84 322.84
2018-02-28 1,470.52 208.09 310.31
2017-11-30 1,415.44 230.89 276.41
2017-08-31 1,328.37 172.05 245.07
2017-05-31 1,272.09 165.81 229.74
2017-02-28 1,182.75 100.30 213.77
2016-11-30 1,166.61 58.66 247.29
2016-08-31 1,040.33 -36.37 290.10
2015-08-31 745.85 -40.08 166.08
2014-08-31 588.16 -32.89 125.78

*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.
  • Bright Scholar Education Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bright Scholar Education Holdings used its assets less efficiently than the US Consumer Services industry average last year based on Return on Assets.
  • Bright Scholar Education Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Bright Scholar Education Holdings'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.
Bright Scholar Education Holdings 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.

BEDU Health

 How is Bright Scholar Education Holdings'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 Bright Scholar Education Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bright Scholar Education Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bright Scholar Education Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bright Scholar Education Holdings'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.
  • Debt is covered by short term assets, assets are 49.5x 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.
Raw Data

All data from Bright Scholar Education Holdings Company Filings, last reported 1 month ago.

NYSE:BEDU Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-05-31 3,120.61 49.84 2,326.30
2019-02-28 2,931.62 49.84 2,635.10
2018-11-30 3,061.23 49.84 2,416.53
2018-08-31 3,011.60 52.84 3,159.57
2018-05-31 2,839.84 0.00 2,895.02
2018-02-28 1,501.96 0.00 1,906.78
2017-11-30 1,541.73 0.00 1,614.79
2017-08-31 1,419.46 0.00 1,897.10
2017-05-31 1,310.02 0.00 1,503.82
2017-02-28 201.65 0.00 641.92
2016-11-30 161.56 6.15 391.61
2016-08-31 161.56 6.15 391.61
2015-08-31 -38.96 28.18 243.45
2014-08-31 -18.42 0.00 146.92
  • Bright Scholar Education Holdings's level of debt (1.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Bright Scholar Education Holdings's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (1277.3%, greater than 20% of total debt).
  • Bright Scholar Education Holdings earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Bright Scholar Education Holdings'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. Bright Scholar Education Holdings has a total score of 5/6, 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.

BEDU Dividends

 What is Bright Scholar Education Holdings'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 Bright Scholar Education Holdings dividends. Estimated to be 0% next year.
If you bought $2,000 of Bright Scholar Education Holdings 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 Bright Scholar Education Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Bright Scholar Education Holdings'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
NYSE:BEDU 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 5 Analyst Estimates (S&P Global) See Below
United States of America Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 1.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
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 3.7%

Industry and Market average data is calculated daily.

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

NYSE:BEDU Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2021-08-31 0.00 2.00
2020-08-31 0.00 2.00
2019-08-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Bright Scholar Education Holdings has not reported any payouts.
  • Unable to verify if Bright Scholar Education Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Bright Scholar Education Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Bright Scholar Education Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Bright Scholar Education Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Bright Scholar Education Holdings'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 Bright Scholar Education Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bright Scholar Education Holdings 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.

BEDU Management

 What is the CEO of Bright Scholar Education Holdings'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
Derek Feng
AGE 53
TENURE AS CEO 0.5 years
CEO Bio

Mr. Derek Feng has ben Chief Executive officer at Bright Scholar Education Holdings Limited since January 21, 2019. He serves as Director of CIBT School of Business & Technology Corp. Mr. Feng has been an Independent Director at CIBT Education Group Inc. since July 19, 2011. Mr. Feng serves as a Director of Cardean Learning Group LLC. He serves as a Director of KnowledgeShares.Org, Inc. He was an Advisory Director of Investcorp Bank B.S.C, since 2012. He joined Investcorp as an Advisory Director to its North American corporate investment team in 2012. He served as Interim Chief Executive Officer at ChinaCast Education Corporation from 2012 to 2014. From July 2016 until March 2017, he was the Management Director of Education Investment for Fosun Group in China. Prior to joining Fosun, he was the Chief Executive Officer of Global Education & Technology Group from 2015 to 2016. Mr. Feng served as Executive Vice President, Strategy, Planning and Operations at Knowledge Universe Education LP From 2006 to 2011. He joined Knowledge Universe Education LP in 2006 from The General Electric Company (GE), where he served as Global Head of Business Development for GE Industrial. Prior to joining Knowledge Universe, Mr. Feng held executive positions at the General Electric Company and was an Officer at GE Capital. He led global business development at several GE divisions. Mr. Feng was the co-founder and CEO of Qingmiao Dental 2017 to 2018. He served as Managing Director of Global Business Development at GE Equipment Management and General Manager of Global Business Development at GE Infrastructure. He joined GE in 1999 as Manager of Americas Business Development for GE Capital, where he oversaw a number of strategy projects ranging from growth to restructuring as well as joint ventures. Mr. Feng served as a Manager of Strategic Planning for United Technologies Corporation and served several finance and operational roles at Enron Oil Trading and Transportation from 1992 to 1999. He was the Chairman of ChinaCast Education Corporation since January 10, 2012. Mr. Feng earned an MBA from UCLA in 1992 and graduated from Tsinghua University in China in 1989 with a BS in Electrical Engineering and Industrial Automation.

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

Derek Feng

TITLE
Chief Executive Officer
AGE
53
TENURE
0.5 yrs

Junli He

TITLE
Executive Vice Chairman
AGE
45

Dongmei Li

TITLE
Chief Financial Officer
AGE
50
TENURE
2.4 yrs

Ruby Yim

TITLE
Investor Relations Counsel
Board of Directors Tenure

Average tenure and age of the Bright Scholar Education Holdings board of directors in years:

2.2
Average Tenure
50.5
Average Age
  • The average tenure for the Bright Scholar Education Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Huiyan Yang

TITLE
Chairperson
AGE
37

Junli He

TITLE
Executive Vice Chairman
AGE
45
TENURE
0.5 yrs

Peter Andrew Schloss

TITLE
Director
AGE
59
TENURE
2.2 yrs

Jun Zhao

TITLE
Director
AGE
57
TENURE
2.2 yrs

Shuting Zhou

TITLE
Director
AGE
34
TENURE
2.2 yrs

Ron Packard

TITLE
Independent Director
AGE
56
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Bright Scholar Education Holdings'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. Bright Scholar Education Holdings 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.

BEDU News

Simply Wall St News

Is Bright Scholar Education Holdings (NYSE:BEDU) Using Too Much Debt?

NYSE:BEDU Historical Debt, July 15th 2019 How Healthy Is Bright Scholar Education Holdings's Balance Sheet? … While Bright Scholar Education Holdings has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Summing up While it is always sensible to investigate a company's debt, in this case Bright Scholar Education Holdings has CN¥2.6b in net cash and a decent-looking balance sheet.

Simply Wall St -

Does Bright Scholar Education Holdings Limited's (NYSE:BEDU) June Stock Price Reflect Its Future Growth?

Bright Scholar Education Holdings Limited (NYSE:BEDU) is considered a high-growth stock, but its last closing price of $9.95 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … If you are bullish about Bright Scholar Education Holdings's growth potential then you are certainly not alone. … But, since Bright Scholar Education Holdings is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio.

Simply Wall St -

Has Bright Scholar Education Holdings Limited (NYSE:BEDU) Been Employing Capital Shrewdly?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Bright Scholar Education Holdings: 0.11 = CN¥325m ÷ (CN¥4.8b - CN¥1.7b) (Based on the trailing twelve months to February 2019.) Therefore, Bright Scholar Education Holdings has an ROCE of 11%. … Bright Scholar Education Holdings's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … What We Can Learn From Bright Scholar Education Holdings's ROCE Bright Scholar Education Holdings's ROCE does look good, but the level of current liabilities also contribute to that.

Simply Wall St -

Looking At Bright Scholar Education Holdings Limited (NYSE:BEDU) From All Angles

In the case of Bright Scholar Education Holdings Limited (NYSE:BEDU), there's is a company with robust financial health as well as an optimistic future outlook. … For those interested in understanding where the figures come from and want to see the analysis, read the full report on Bright Scholar Education Holdings here. … NYSE:BEDU Past and Future Earnings, May 22nd 2019 Next Steps: For Bright Scholar Education Holdings, I've compiled three relevant aspects you should further examine: Historical Performance: What has BEDU's returns been like over the past?

Simply Wall St -

An Intrinsic Calculation For Bright Scholar Education Holdings Limited (NYSE:BEDU) Suggests It's 35% Undervalued

Today we will run through one way of estimating the intrinsic value of Bright Scholar Education Holdings Limited (NYSE:BEDU). … by taking the foreast future cash flows of the company and discounting them back to today's value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

Did You Manage To Avoid Bright Scholar Education Holdings's (NYSE:BEDU) 25% Share Price Drop?

Bright Scholar Education Holdings Limited (NYSE:BEDU) shareholders should be happy to see the share price up 14% in the last month. … Even though the Bright Scholar Education Holdings share price is down over the year, its EPS actually improved. … Bright Scholar Education Holdings's revenue is actually up 34% over the last year.

Simply Wall St -

Should You Be Worried About Bright Scholar Education Holdings Limited's (NYSE:BEDU) 9.4% Return On Equity?

We'll use ROE to examine Bright Scholar Education Holdings Limited (NYSE:BEDU), by way of a worked example. … Our data shows Bright Scholar Education Holdings has a return on equity of 9.4% for the last year. … View our latest analysis for Bright Scholar Education Holdings?

Simply Wall St -

Is Bright Scholar Education Holdings Limited (NYSE:BEDU) Undervalued After Accounting For Its Future Growth?

Bright Scholar Education Holdings Limited (NYSE:BEDU) closed yesterday at $10.36, which left some investors asking whether the high earnings potential can still be justified at this price. … View our latest analysis for Bright Scholar Education Holdings? … Bright Scholar Education Holdings is poised for extremely high earnings growth in the near future

Simply Wall St -

Do You Know About Bright Scholar Education Holdings Limited’s (NYSE:BEDU) ROCE?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

What Do Analysts Think About Bright Scholar Education Holdings Limited's (NYSE:BEDU) Growth?

As Bright Scholar Education Holdings Limited (NYSE:BEDU) released its earnings announcement on 31 August 2018,. … with earnings expected to grow by a high double-digit of 56% in the upcoming year, … which is within range of the past five-year average earnings growth of 63%

Simply Wall St -

BEDU Company Info

Description

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs, as well as international education consulting services. As of April 22, 2019, it operated 69 schools across 9 provinces in China. Bright Scholar Education Holdings Limited was founded in 1994 and is based in Foshan, China.

Details
Name: Bright Scholar Education Holdings Limited
BEDU
Exchange: NYSE
Founded: 1994
$1,157,755,363
124,489,824
Website: http://www.brightscholar.com
Address: Bright Scholar Education Holdings Limited
No.1, Country Garden Road,
Beijiao Town,
Foshan,
Guangdong Province, 528300,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE BEDU SPONSORED ADS New York Stock Exchange US USD 18. May 2017
Number of employees
Current staff
Staff numbers
7,891
Bright Scholar Education Holdings employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 01:00
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/07/18
Last earnings reported: 2019/05/31
Last annual earnings reported: 2018/08/31


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.