New Oriental Education & Technology Group
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New Oriental Education & Technology Group Inc. The last earnings update was 55 days ago. More info.
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EDU Share Price and Events
7 Day Returns
1 Year Returns
EDU Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| New Oriental Education & Technology Group (EDU) | 0.3% | 8.2% | 12.6% | -13.3% | 125.9% | 248.4% |
| US Consumer Services | 1.4% | 4.3% | 7.9% | -2.7% | 106% | 107.4% |
| US Market | 0.1% | 0.6% | 0.9% | 1.2% | 36.7% | 37.9% |
1 Year Return vs Industry and Market
- EDU underperformed the Consumer Services industry which returned -2.7% over the past year.
- EDU underperformed the Market in United States of America which returned 1.2% 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
New Oriental Education & Technology 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for New Oriental Education & Technology Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 25 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Services Unlevered Beta | Simply Wall St/ S&P Global | 0.76 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.761 (1 + (1- 25%) (0.35%)) |
0.841 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.84 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.841 * 5.96%) |
7.74% |
Discounted Cash Flow Calculation for NYSE:EDU using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for New Oriental Education & Technology 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.74%) |
|
|---|---|---|---|
| 2019 | 324.71 | Analyst x7 | 301.38 |
| 2020 | 814.74 | Analyst x10 | 701.86 |
| 2021 | 961.43 | Analyst x10 | 768.71 |
| 2022 | 778.00 | Analyst x1 | 577.35 |
| 2023 | 926.00 | Analyst x1 | 637.80 |
| 2024 | 1,081.00 | Analyst x1 | 691.05 |
| 2025 | 1,130.82 | Est @ 4.61% | 670.95 |
| 2026 | 1,176.55 | Est @ 4.04% | 647.93 |
| 2027 | 1,219.50 | Est @ 3.65% | 623.32 |
| 2028 | 1,260.65 | Est @ 3.37% | 598.05 |
| Present value of next 10 years cash flows | $6,218.39 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $1,260.65 × (1 + 2.73%) ÷ (7.74% – 2.73%) |
$25,838.43 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $25,838.43 ÷ (1 + 7.74%)10 |
$12,257.70 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $6,218.39 + $12,257.70 |
$18,476.09 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $18,476.09 / 158.69 |
$116.43 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $116.43 |
| Current discount | Discount to share price of
$91.59
= -1 x ($91.59 - $116.43) / $116.43 |
21.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- New Oriental Education & Technology Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- New Oriental Education & Technology Group's share price is below the future cash flow value, but not 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 New Oriental Education & Technology Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
New Oriental Education & Technology Group'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 (2019-02-28) in USD | $1.64 |
| NYSE:EDU Share Price ** | NYSE (2019-06-18) in USD | $91.59 |
| United States of America Consumer Services Industry PE Ratio | Median Figure of 25 Publicly-Listed Consumer Services Companies | 26.02x |
| United States of America Market PE Ratio | Median Figure of 3,092 Publicly-Listed Companies | 17.63x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of New Oriental Education & Technology Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:EDU Share Price ÷ EPS (both in USD) = 91.59 ÷ 1.64 |
55.83x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- New Oriental Education & Technology Group is overvalued based on earnings compared to the US Consumer Services industry average.
- New Oriental Education & Technology Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
New Oriental Education & Technology Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 55.83x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts |
40.3%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 2,126 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 55.83x ÷ 40.3% |
1.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- New Oriental Education & Technology Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
New Oriental Education & Technology Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-02-28) in USD | $13.12 |
| NYSE:EDU Share Price * | NYSE (2019-06-18) in USD | $91.59 |
| United States of America Consumer Services Industry PB Ratio | Median Figure of 51 Publicly-Listed Consumer Services Companies | 1.96x |
| United States of America Market PB Ratio | Median Figure of 5,244 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:EDU Share Price ÷ Book Value per Share (both in USD) = 91.59 ÷ 13.12 |
6.98x |
* Primary Listing of New Oriental Education & Technology Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- New Oriental Education & Technology Group is overvalued based on assets compared to the US Consumer Services industry average.
Value checks
We assess New Oriental Education & Technology Group'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) New Oriental Education & Technology Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
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
- New Oriental Education & Technology Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- New Oriental Education & Technology Group's earnings growth is expected to exceed the United States of America market average.
- New Oriental Education & Technology Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:EDU Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts | 40.3% |
| NYSE:EDU Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts | 18.3% |
| United States of America Consumer Services Industry Earnings Growth Rate | Market Cap Weighted Average | 29.2% |
| United States of America Consumer Services Industry Revenue Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-05-31 | 8,383 | 1 | ||
| 2023-05-31 | 6,870 | 2 | ||
| 2022-05-31 | 5,830 | 2 | ||
| 2021-05-31 | 4,859 | 1,204 | 612 | 21 |
| 2020-05-31 | 3,946 | 1,026 | 472 | 25 |
| 2019-05-31 | 3,096 | 600 | 285 | 25 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-02-28 | 2,955 | 260 | |
| 2018-11-30 | 2,776 | 231 | |
| 2018-08-31 | 2,646 | 261 | |
| 2018-05-31 | 2,447 | 781 | 296 |
| 2018-02-28 | 2,233 | 286 | |
| 2017-11-30 | 2,053 | 286 | |
| 2017-08-31 | 1,927 | 292 | |
| 2017-05-31 | 1,800 | 623 | 274 |
| 2017-02-28 | 1,708 | 261 | |
| 2016-11-30 | 1,617 | 242 | |
| 2016-08-31 | 1,554 | 237 | |
| 2016-05-31 | 1,478 | 524 | 225 |
*GAAP earnings excluding extraordinary items.
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 25 Analyst Estimates (S&P Global) | See Below |
All data from New Oriental Education & Technology Group Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2024-05-31 | ||||
| 2023-05-31 | ||||
| 2022-05-31 | ||||
| 2021-05-31 | 3.80 | 4.71 | 3.31 | 15.00 |
| 2020-05-31 | 2.95 | 3.28 | 2.67 | 20.00 |
| 2019-05-31 | 1.78 | 2.19 | 1.64 | 19.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-02-28 | 1.64 |
| 2018-11-30 | 1.46 |
| 2018-08-31 | 1.65 |
| 2018-05-31 | 1.87 |
| 2018-02-28 | 1.81 |
| 2017-11-30 | 1.81 |
| 2017-08-31 | 1.85 |
| 2017-05-31 | 1.74 |
| 2017-02-28 | 1.66 |
| 2016-11-30 | 1.54 |
| 2016-08-31 | 1.51 |
| 2016-05-31 | 1.43 |
*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.
- New Oriental Education & Technology Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess New Oriental Education & Technology Group'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)
New Oriental Education & Technology Group 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.
Past Performance
How has New Oriental Education & Technology 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
Past Earnings growth analysis
- New Oriental Education & Technology Group's year on year earnings growth rate has been positive over the past 5 years.
- New Oriental Education & Technology Group's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- New Oriental Education & Technology Group's 1-year earnings growth is negative, it can't be compared to the US Consumer Services industry average.
Earnings and Revenue History
All data from New Oriental Education & Technology Group Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2019-02-28 | 2,954.64 | 259.90 | 1,368.58 | |
| 2018-11-30 | 2,776.00 | 230.86 | 1,296.05 | |
| 2018-08-31 | 2,646.11 | 260.97 | 1,221.80 | |
| 2018-05-31 | 2,447.43 | 296.13 | 1,118.73 | |
| 2018-02-28 | 2,232.78 | 286.46 | 1,009.04 | |
| 2017-11-30 | 2,052.55 | 285.71 | 914.93 | |
| 2017-08-31 | 1,926.61 | 291.79 | 839.55 | |
| 2017-05-31 | 1,799.51 | 274.46 | 787.77 | |
| 2017-02-28 | 1,708.02 | 261.06 | 750.61 | |
| 2016-11-30 | 1,617.08 | 241.88 | 713.40 | |
| 2016-08-31 | 1,553.93 | 237.40 | 690.03 | |
| 2016-05-31 | 1,478.35 | 224.88 | 668.91 | |
| 2016-02-29 | 1,412.29 | 218.58 | 639.17 | |
| 2015-11-30 | 1,353.11 | 211.62 | 609.41 | |
| 2015-08-31 | 1,311.27 | 209.20 | 588.92 | |
| 2015-05-31 | 1,246.77 | 193.01 | 566.92 | |
| 2015-02-28 | 1,205.45 | 200.18 | 545.07 | |
| 2014-11-30 | 1,172.12 | 199.71 | 530.85 | |
| 2014-08-31 | 1,144.21 | 201.59 | 507.67 | |
| 2014-05-31 | 1,138.89 | 215.70 | 493.27 | |
| 2014-02-28 | 1,091.05 | 201.00 | 467.94 | |
| 2013-11-30 | 1,055.11 | 186.93 | 455.75 | |
| 2013-08-31 | 1,012.69 | 166.89 | 457.64 | |
| 2013-05-31 | 959.85 | 136.68 | 453.11 | |
| 2013-02-28 | 909.44 | 126.14 | 434.53 | |
| 2012-11-30 | 860.89 | 121.25 | 414.05 | |
| 2012-08-31 | 822.17 | 141.07 | 374.03 |
*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.
- New Oriental Education & Technology Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- New Oriental Education & Technology Group used its assets less efficiently than the US Consumer Services industry average last year based on Return on Assets.
- New Oriental Education & Technology Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess New Oriental Education & Technology Group'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)
New Oriental Education & Technology Group has a total score of 1/6, 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 New Oriental Education & Technology 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 New Oriental Education & Technology Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- New Oriental Education & Technology Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- New Oriental Education & Technology Group'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 59.1x 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 New Oriental Education & Technology Group Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-02-28 | 2,295.12 | 51.10 | 2,734.29 |
| 2018-11-30 | 2,174.68 | 0.00 | 2,638.08 |
| 2018-08-31 | 2,217.14 | 0.00 | 2,631.99 |
| 2018-05-31 | 2,214.70 | 0.00 | 2,714.82 |
| 2018-02-28 | 2,075.55 | 0.00 | 2,517.56 |
| 2017-11-30 | 1,866.31 | 0.00 | 2,428.40 |
| 2017-08-31 | 1,860.03 | 0.00 | 2,392.89 |
| 2017-05-31 | 1,720.08 | 0.00 | 2,165.79 |
| 2017-02-28 | 1,611.14 | 0.00 | 1,970.57 |
| 2016-11-30 | 1,548.49 | 0.00 | 1,898.29 |
| 2016-08-31 | 1,569.24 | 0.00 | 1,862.82 |
| 2016-05-31 | 1,434.66 | 0.00 | 1,733.96 |
| 2016-02-29 | 1,324.24 | 0.00 | 1,550.95 |
| 2015-11-30 | 1,301.66 | 0.00 | 1,294.28 |
| 2015-08-31 | 1,261.74 | 0.00 | 1,316.02 |
| 2015-05-31 | 1,223.84 | 0.00 | 1,200.32 |
| 2015-02-28 | 1,151.09 | 0.00 | 1,059.78 |
| 2014-11-30 | 1,137.44 | 0.00 | 1,058.53 |
| 2014-08-31 | 1,156.77 | 0.00 | 1,152.89 |
| 2014-05-31 | 1,025.76 | 0.00 | 1,113.49 |
| 2014-02-28 | 991.60 | 0.00 | 1,151.62 |
| 2013-11-30 | 943.86 | 0.00 | 1,091.80 |
| 2013-08-31 | 926.91 | 0.00 | 1,118.42 |
| 2013-05-31 | 857.25 | 0.00 | 972.15 |
| 2013-02-28 | 840.59 | 0.00 | 892.87 |
| 2012-11-30 | 804.65 | 0.00 | 839.65 |
| 2012-08-31 | 794.61 | 0.00 | 890.54 |
- New Oriental Education & Technology Group's level of debt (2.2%) 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 2.2% today).
- Debt is well covered by operating cash flow (1528.7%, greater than 20% of total debt).
- New Oriental Education & Technology Group earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess New Oriental Education & Technology Group'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) New Oriental Education & Technology Group 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
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
New Oriental Education & Technology Group
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate New Oriental Education & Technology Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate New Oriental Education & Technology 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.
| 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 25 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Services Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-05-31 | ||
| 2023-05-31 | ||
| 2022-05-31 | ||
| 2021-05-31 | 0.34 | 16.00 |
| 2020-05-31 | 0.29 | 17.00 |
| 2019-05-31 | 0.18 | 17.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2013-07-23 | 0.350 | 1.431 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as New Oriental Education & Technology Group has not reported any payouts.
- Unable to verify if New Oriental Education & Technology Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess New Oriental Education & Technology Group'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 New Oriental Education & Technology Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) New Oriental Education & Technology 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.
Management
CEO
| AGE | 56 |
| TENURE AS CEO | 2.8 years |
CEO Bio
Mr. Chenggang Zhou has been the Chief Executive Officer of New Oriental Education & Technology Group Inc. since September 1, 2016 and served as its President since January 5, 2016 until January 20, 2017. Mr. Zhou served as an Executive President for Domestic Business at New Oriental Education & Technology Group Inc. since September 2014 and served as its Executive Vice President. Mr. Zhou served as a Senior Vice President of New Oriental Education & Technology Group. He has been the President of Beijing New Oriental School since 2003. He served as an Executive Vice President of New Oriental Education & Technology Group since December 2006. He has been the President of Beijing New Oriental School since 2003. He served as a Senior Vice President of New Oriental Education & Technology Group from January 2006 to December 2006. He joined New Oriental Education & Technology in 2000 and served as its Vice President from 2003 to January 2006. He served as the President of Shanghai New Oriental School from 2000 to 2003. From 1998 to 2000, he served as a Correspondent for the Asia Pacific region and a Program Host at BBC. He has been an Executive Director of New Oriental Education & Technology Group since November 9, 2010. He served as Director of New Oriental Education & Technology Group from 2004 to September 3, 2007. Mr. Zhou received his Bachelor's degree in English from Suzhou University in China and his Master's degree in Communications from Macquarie University.
CEO Compensation
- Insufficient data for Chenggang to compare compensation growth.
- Insufficient data for Chenggang 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 New Oriental Education & Technology Group management team in years:
- The tenure for the New Oriental Education & Technology Group management team is about average.
Management Team
Michael Yu
Founder & Executive Chairman
55
26.4 yrs
Chenggang Zhou
CEO & Director
56
2.8 yrs
Zhihui Yang
Chief Financial Officer
44
4.2 yrs
Sisi Zhao
Investor Relations Director
Qiang Wu
Head of The Beijing School
45
4.9 yrs
Zheng Zhao
Managing Partner
Louis Hsieh
Senior Adviser & Director
54
3.4 yrs
Board of Directors Tenure
Average tenure and age of the New Oriental Education & Technology Group board of directors in years:
- The average tenure for the New Oriental Education & Technology Group board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Michael Yu
Founder & Executive Chairman
55
18.4 yrs
Chenggang Zhou
CEO & Director
56
8.6 yrs
Louis Hsieh
Senior Adviser & Director
54
12.3 yrs
Robin Li
Independent Director
49
12.8 yrs
Denny Lee
Independent Director
51
12.8 yrs
John Yang
Independent Director
63
11.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess New Oriental Education & Technology Group'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) New Oriental Education & Technology 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.
News
Simply Wall St News
What Does New Oriental Education & Technology Group Inc.'s (NYSE:EDU) P/E Ratio Tell You?
View our latest analysis for New Oriental Education & Technology Group How Do You Calculate New Oriental Education & Technology Group's P/E Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for New Oriental Education & Technology Group: P/E of 55.68 = $91.35 ÷ $1.64 (Based on the trailing twelve months to February 2019.) Is A High P/E Ratio Good? … New Oriental Education & Technology Group saw earnings per share decrease by 9.5% last year.
Simply Wall St - – Full articleCalculating The Fair Value Of New Oriental Education & Technology Group Inc. (NYSE:EDU)
Today we will run through one way of estimating the intrinsic value of New Oriental Education & Technology Group Inc. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model … View our latest analysis for New Oriental Education & Technology Group
Simply Wall St - – Full articleShould You Investigate New Oriental Education & Technology Group Inc. (NYSE:EDU) At US$88.79?
saw a significant share price rise of over 20% in the past couple of months on the NYSE. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price … However, could the stock still be trading at a relatively cheap price?
Simply Wall St - – Full articleIs New Oriental Education & Technology Group Inc. (NYSE:EDU) Better Than Average At Deploying Capital?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleAnnouncing: New Oriental Education & Technology Group Stock Increased An Energizing 184% In The Last Five Years
One great example is New Oriental Education & Technology Group Inc. … See our latest analysis for New Oriental Education & Technology Group. … Over half a decade, New Oriental Education & Technology Group managed to grow its earnings per share at 11% a year.
Simply Wall St - – Full articleCalculating The Fair Value Of New Oriental Education & Technology Group Inc. (NYSE:EDU)
(NYSE:EDU) from its intrinsic value? … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleNew Oriental Education & Technology Group Inc.'s (NYSE:EDU) Earnings Dropped -11%, Did Its Industry Show Weakness Too?
Understanding New Oriental Education & Technology Group Inc.'s (NYSE:EDU) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how New Oriental Education & Technology Group is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for New Oriental Education & Technology Group?
Simply Wall St - – Full articleA Look At New Oriental Education & Technology Group Inc.'s (NYSE:EDU) Exceptional Fundamentals
I've been keeping an eye on New Oriental Education & Technology Group Inc. … Looking at the company as a whole, as a potential stock investment, I believe EDU has a lot to offer. … is a company with
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is New Oriental Education & Technology Group Inc. (NYSE:EDU) Still Undervalued?
We'll show how you can use New Oriental Education & Technology Group Inc.'s (NYSE:EDU) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, New Oriental Education & Technology Group's P/E ratio is 33.35. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWhat Should You Know About New Oriental Education & Technology Group Inc's (NYSE:EDU) Capital Returns?
and want a simplistic look at the return on New Oriental Education & Technology Group Inc (NYSE:EDU) stock. … To understand New Oriental Education & Technology Group’s capital returns we will look at a useful metric called return on capital employed. … New Oriental Education & Technology Group's Return On Capital Employed
Simply Wall St - – Full articleCompany Info
Description
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People’s Republic of China. It operates through Language Training and Test Preparation Courses, and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum taught in Chinese and English; develops and edits educational materials for language training and test preparation comprising books, software, CD-ROMs, magazines, and other periodicals; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting; pre-school education; and a pilot program that permits third parties in small cities to provide its English and kindergarten programs, as well as overseas study tour services. As of May 31, 2018, it offered educational programs, services, and products to students through a network of 87 schools, 994 learning centers, and 18 bookstores. The company was founded in 1993 and is headquartered in Beijing, the People’s Republic of China.
Details
| Name: | New Oriental Education & Technology Group Inc. |
| EDU | |
| Exchange: | NYSE |
| Founded: | 1993 |
| $14,534,482,495 | |
| 158,690,714 | |
| Website: | http://www.neworiental.org |
| Address: |
New Oriental Education & Technology Group Inc. No.6 Haidian Zhongjie, Haidian District, Beijing, 100080, China |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | EDU | SPONS ADR EA REP 1 ORD SHS | New York Stock Exchange | US | USD | 07. Sep 2006 | |
| DB | N1U | SPONS ADR EA REP 1 ORD SHS | Deutsche Boerse AG | DE | EUR | 07. Sep 2006 | |
| LSE | 0K75 | SPONS ADR EA REP 1 ORD SHS | London Stock Exchange | GB | USD | 07. Sep 2006 | |
| BMV | EDU N | SPONS ADR EA REP 1 ORD SHS | Bolsa Mexicana de Valores | MX | MXN | 07. Sep 2006 |
Number of employees
Current staff
Industry
| Education Services | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/18 23:59 |
| End of day share price update: | 2019/06/18 00:00 |
| Last estimates confirmation: | 2019/06/14 |
| Last earnings filing: | 2019/04/24 |
| Last earnings reported: | 2019/02/28 |
| Last annual earnings reported: | 2018/05/31 |
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.
