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China Online Education Group

NYSE:COE
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COE
NYSE
$118M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. The last earnings update was 36 days ago. More info.


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  • China Online Education Group has significant price volatility in the past 3 months.
COE Share Price and Events
7 Day Returns
5.1%
NYSE:COE
-1.4%
US Consumer Services
0.2%
US Market
1 Year Returns
-46.7%
NYSE:COE
1.4%
US Consumer Services
6.3%
US Market
COE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
China Online Education Group (COE) 5.1% 3.9% -20.3% -46.7% - -
US Consumer Services -1.4% 2.5% 14.7% 1.4% 101.6% 124.3%
US Market 0.2% 2.1% 8.5% 6.3% 37.9% 45.7%
1 Year Return vs Industry and Market
  • COE underperformed the Consumer Services industry which returned 1.4% over the past year.
  • COE underperformed the Market in United States of America which returned 6.3% over the past year.
Price Volatility
COE
Industry
5yr Volatility vs Market
Related Companies

COE Value

 Is China Online Education Group 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 China Online Education Group 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 China Online Education Group.

NYSE:COE 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 8.9%
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:COE
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 0.98
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.979 (1 + (1- 25%) (8.7%))
1.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.03
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.029 * 5.96%)
8.86%

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

The calculations below outline how an intrinsic value for China Online Education Group 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:COE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 8.86%)
2019 18.04 Est @ 10.73% 16.58
2020 19.55 Est @ 8.33% 16.49
2021 20.85 Est @ 6.65% 16.16
2022 21.99 Est @ 5.48% 15.66
2023 23.01 Est @ 4.65% 15.05
2024 23.95 Est @ 4.08% 14.39
2025 24.83 Est @ 3.67% 13.70
2026 25.67 Est @ 3.39% 13.01
2027 26.49 Est @ 3.19% 12.34
2028 27.30 Est @ 3.05% 11.68
Present value of next 10 years cash flows CN¥145.05
NYSE:COE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥27.30 × (1 + 2.73%) ÷ (8.86% – 2.73%)
CN¥457.27
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥457.27 ÷ (1 + 8.86%)10
CN¥195.60
NYSE:COE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥145.05 + CN¥195.60
CN¥340.66
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥340.66 / 20.19
CN¥16.87
NYSE:COE Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NYSE:COE)
0.149
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥16.87 x 0.149
$2.52
Value per share (USD) From above. $2.52
Current discount Discount to share price of $5.86
= -1 x ($5.86 - $2.52) / $2.52
-133.1%

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

  • The current share price of China Online Education Group 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 China Online Education Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are China Online Education Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:COE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CNY CN¥-20.52
NYSE:COE Share Price ** NYSE (2019-04-18) in USD $5.86
NYSE:COE Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.708 CN¥39.33
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 30.1x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.15x

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

** Primary Listing of China Online Education Group.

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

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

= 39.33 ÷ -20.52

-1.92x

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

  • China Online Education Group is loss making, we can't compare its value to the US Consumer Services industry average.
  • China Online Education Group 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 China Online Education Group's expected growth come at a high price?
Raw Data
NYSE:COE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.92x
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 18 Publicly-Listed Consumer Services Companies 1.56x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.57x

*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 China Online Education Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on China Online Education Group's assets?
Raw Data
NYSE:COE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CNY CN¥-47.22
NYSE:COE Share Price * NYSE (2019-04-18) in USD $5.86
NYSE:COE Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.708 CN¥39.33
United States of America Consumer Services Industry PB Ratio Median Figure of 48 Publicly-Listed Consumer Services Companies 2.6x
United States of America Market PB Ratio Median Figure of 5,178 Publicly-Listed Companies 1.91x
NYSE:COE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 39.33 ÷ -47.22

-0.83x

* Primary Listing of China Online Education Group.

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

  • China Online Education Group has negative assets, we can't compare the value of its assets to the US Consumer Services industry average.
X
Value checks
We assess China Online Education Group'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. China Online Education Group has a total score of 0/6, 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.

COE Future Performance

 How is China Online Education Group 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 China Online Education Group 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
33.6%
Expected Consumer Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is China Online Education Group expected to grow at an attractive rate?
  • Unable to compare China Online Education Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare China Online Education Group's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare China Online Education Group's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:COE 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 33.6%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*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:COE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
NYSE:COE Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:COE Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2018-12-31 1,146 -417
2018-09-30 1,108 -436
2018-06-30 1,041 -488
2018-03-31 951 -553
2017-12-31 848 55 -581
2017-09-30 716 -575
2017-06-30 600 -557
2017-03-31 506 -595
2016-12-31 418 29 -604
2016-09-30 345 -592
2016-06-30 267 -578
2016-03-31 202 -94 -487

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if China Online Education Group is high growth as no earnings estimate data is available.
  • Unable to determine if China Online Education Group 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
NYSE:COE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from China Online Education Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COE Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:COE Past Financials Data
Date (Data in CNY Millions) EPS *
2018-12-31 -20.52
2018-09-30 -21.55
2018-06-30 -24.16
2018-03-31 -27.48
2017-12-31 -28.89
2017-09-30 -28.65
2017-06-30 -27.73
2017-03-31 -34.82
2016-12-31 -45.50
2016-09-30 -62.65
2016-06-30 -102.72
2016-03-31 -101.03

*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 China Online Education Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. China Online Education Group'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
  2. China Online Education Group's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess China Online Education Group'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.
China Online Education Group 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.

COE Past Performance

  How has China Online Education Group 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 China Online Education Group'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.
  • China Online Education Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare China Online Education Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare China Online Education Group's 1-year growth to the US Consumer Services industry average as it is not currently profitable.
Earnings and Revenue History
China Online Education Group'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 China Online Education Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:COE Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 1,145.52 -416.69 954.29 185.00
2018-09-30 1,108.09 -436.41 936.80 202.82
2018-06-30 1,041.03 -487.86 924.40 218.74
2018-03-31 951.05 -553.43 914.98 224.84
2017-12-31 847.99 -580.81 881.46 223.20
2017-09-30 715.59 -575.30 813.68 208.87
2017-06-30 600.49 -556.95 751.57 188.95
2017-03-31 505.61 -594.76 705.09 176.77
2016-12-31 418.28 -603.79 630.55 152.71
2016-09-30 345.37 -592.35 567.34 127.99
2016-06-30 267.45 -578.10 505.60 101.85
2016-03-31 202.49 -486.75 423.76 73.99
2015-12-31 154.68 -402.75 362.24 54.60
2015-09-30 118.20 -308.39 280.68 37.22
2014-12-31 52.21 -130.39 112.82 10.78
2013-12-31 21.67 -20.43 25.72 3.02

*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 China Online Education Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if China Online Education Group 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 China Online Education Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.
X
Past performance checks
We assess China Online Education Group'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.
China Online Education Group 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.

COE Health

 How is China Online Education Group'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 China Online Education Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • China Online Education Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • China Online Education Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of China Online Education Group'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.
  • China Online Education Group has negative shareholder equity (liabilities exceed assets) therefore debt is not 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 China Online Education Group Company Filings, last reported 3 months ago.

NYSE:COE Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -962.65 69.05 712.14
2018-09-30 -834.86 76.38 657.18
2018-06-30 -761.26 24.87 601.51
2018-03-31 -708.51 5.65 549.01
2017-12-31 -668.39 0.00 623.42
2017-09-30 -511.52 0.00 656.62
2017-06-30 -370.81 0.00 701.55
2017-03-31 -231.85 0.00 663.27
2016-12-31 -99.18 0.00 647.02
2016-09-30 25.55 0.00 622.63
2016-06-30 135.91 0.00 656.24
2016-03-31 -184.61 0.00 202.46
2015-12-31 -86.32 0.00 213.95
2015-09-30 8.98 0.00 248.51
2014-12-31 111.25 0.00 209.77
2013-12-31 39.33 0.00 61.50
  • China Online Education Group has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if China Online Education Group's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making China Online Education Group has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making China Online Education Group has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -111.4% per year.
X
Financial health checks
We assess China Online Education Group'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. China Online Education Group has a total score of 3/6, 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.

COE Dividends

 What is China Online Education Group'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 China Online Education Group dividends.
If you bought $2,000 of China Online Education Group 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 China Online Education Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate China Online Education Group'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:COE 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 7 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 3.6%

Industry and Market average data is calculated daily.

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

NYSE:COE Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as China Online Education Group has not reported any payouts.
  • Unable to verify if China Online Education Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of China Online Education Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as China Online Education Group 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 China Online Education Group'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 China Online Education Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. China Online Education Group 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.

COE Management

 What is the CEO of China Online Education Group'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
Jack Huang
AGE 32
TENURE AS CEO 6.4 years
CEO Bio

Mr. Jiajia Huang, also known as Jack, is the Founder of China Online Education Group and has been its Chairman and Chief Executive Officer since its inception November 2012. Mr. Huang served as an Operations Manager at Mitsubishi Corporation (China) Co., Ltd. from 2007 to 2010. Mr. Huang founded Couponia, a group-buying website targeting the Japanese market, in 2010 and TalkChina, an online Chinese-teaching platform targeting Japanese students, in 2007. He serves as a Director of China Online Education Group. In 2015, Mr. Huang was named a leading entrepeneur under 30 by Cyzone, an entrepreneur service platform in China. Mr. Huang received his bachelor's degree in Japanese language from Tsinghua University in 2007.

CEO Compensation
  • Insufficient data for Jack to compare compensation growth.
  • Insufficient data for Jack 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 China Online Education Group management team in years:

6.4
Average Tenure
38.5
Average Age
  • The average tenure for the China Online Education Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Liming Zhang

TITLE
Co-Founder & COO
AGE
48
TENURE
6.4 yrs

Jack Huang

TITLE
Founder
AGE
32
TENURE
6.4 yrs

Ting Shu

TITLE
Co-Founder
AGE
32
TENURE
6.4 yrs

Min Xu

TITLE
Chief Financial Officer
AGE
45
TENURE
0.3 yrs

Judy Piao

TITLE
Head of Investor Relations

Michael Farley

TITLE
Head of North American Operations
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the China Online Education Group board of directors in years:

4.8
Average Tenure
42
Average Age
  • The tenure for the China Online Education Group board of directors is about average.
Board of Directors

Jack Huang

TITLE
Founder
AGE
32
TENURE
6.4 yrs

Ting Shu

TITLE
Co-Founder
AGE
32
TENURE
6.4 yrs

Hurst Lin

TITLE
Director
AGE
53
TENURE
5.8 yrs

Conor Yang

TITLE
Independent Director
AGE
55
TENURE
2.8 yrs

Xing Liu

TITLE
Director
AGE
47
TENURE
4.8 yrs

Wei Li

TITLE
Director
AGE
41
TENURE
4.8 yrs

Xiaoguang Wu

TITLE
Independent Director
AGE
42
TENURE
2.8 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 China Online Education Group'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. China Online Education Group 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.

COE News

Simply Wall St News

How Does China Online Education Group's (NYSE:COE) Earnings Growth Stack Up Against Industry Performance?

Assessing China Online Education Group's (NYSE:COE) past track record of performance is a useful exercise for investors. … Below, I assess COE's latest performance announced on 31 December 2017 and evaluate these figures to its historical trend and industry movements. … View out our latest analysis for China Online Education Group?

Simply Wall St -

Should You Be Concerned About China Online Education Group's (NYSE:COE) Shareholders?

See our latest analysis for China Online Education Group NYSE:COE Ownership_summary May 21st 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … Thus, investors not need worry too much about the consequences of these holdings.Next Steps: Institutional ownership in COE is not at a level that would concern investors.

Simply Wall St -

Should You Be Content With China Online Education Group's (NYSE:COE) Earnings Growth?

Below, I will assess China Online Education Group's (NYSE:COE) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … NYSE:COE Income Statement Mar 26th 18 We can further evaluate China Online Education Group's loss by looking at what the industry has been experiencing over the past few years. … This shows that any uplift the industry is benefiting from, China Online Education Group has not been able to leverage it as much as its industry peers.What does this mean?

Simply Wall St -

When Can We Expect A Profit From China Online Education Group (NYSE:COE)?

China Online Education Group's (NYSE:COE): China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. … View our latest analysis for China Online Education Group Expectation from analysts is COE is on the verge of breakeven. … Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on China Online Education Group’s board and the CEO’s back ground.

Simply Wall St -

Does China Online Education Group's (COE) Recent Track Record Look Strong?

After looking at China Online Education Group's (NYSE:COE) latest earnings announcement (30 June 2017), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … View our latest analysis for China Online Education Group Did COE's recent EPS Growth beat the long-term trend and the industry? … The most valuable step is to assess company-specific issues China Online Education Group may be facing and whether management guidance has consistently been met in the past.

Simply Wall St -

COE Company Info

Description

China Online Education Group, through its subsidiaries, provides online English language education services to students in the People's Republic of China and the Philippines. It operates online and mobile education platforms that enable students to take live interactive English lessons with international foreign teachers. The company’s flagship courses include Classic English and Classic English Junior for the development of English communication skills. It also offers various specialty courses, such as Business English, IELTS Speaking, Free-talk, Interview English, Travel English, and Daily English for situation-based English education and test preparation needs. China Online Education Group was founded in 2011 and is headquartered in Beijing, the People's Republic of China.

Details
Name: China Online Education Group
COE
Exchange: NYSE
Founded: 2011
$118,361,383
20,189,575
Website: http://www.51talk.com
Address: China Online Education Group
Deshi Building North,
6th Floor,
Beijing,
100085,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE COE SPONSORED ADR New York Stock Exchange US USD 10. Jun 2016
Number of employees
Current staff
Staff numbers
2,859
China Online Education Group employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 00:35
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2018/04/24
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
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.