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GSX Techedu

NYSE:GSX
Snowflake Description

High growth potential with excellent balance sheet.

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

GSX Techedu Inc., a technology-driven education company, provides online K-12 large-class after-school tutoring services in the People’s Republic of China. The last earnings update was 77 days ago. More info.


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GSX Share Price and Events
7 Day Returns
8.4%
NYSE:GSX
-0.2%
US Consumer Services
-0.9%
US Market
1 Year Returns
-
NYSE:GSX
2.7%
US Consumer Services
3.8%
US Market
GSX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GSX Techedu (GSX) 8.4% 20.4% - - - -
US Consumer Services -0.2% 1.2% 6.8% 2.7% 98.1% 125.8%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • No trading data on GSX.
  • No trading data on GSX.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is GSX Techedu 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 GSX Techedu 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 GSX Techedu.

NYSE:GSX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 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:GSX
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))
= 0.741 (1 + (1- 25%) (0.3%))
0.827
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% + (0.827 * 5.96%)
7.66%

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

The calculations below outline how an intrinsic value for GSX Techedu 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:GSX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 7.66%)
2020 2,293.00 Analyst x1 2,129.82
2021 3,435.62 Est @ 49.83% 2,964.02
2022 4,662.15 Est @ 35.7% 3,735.94
2023 5,865.42 Est @ 25.81% 4,365.67
2024 6,973.14 Est @ 18.89% 4,820.79
2025 7,952.09 Est @ 14.04% 5,106.34
2026 8,798.69 Est @ 10.65% 5,247.88
2027 9,526.46 Est @ 8.27% 5,277.59
2028 10,156.05 Est @ 6.61% 5,225.97
2029 10,709.08 Est @ 5.45% 5,118.38
Present value of next 10 years cash flows CN¥43,992.40
NYSE:GSX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CN¥10,709.08 × (1 + 2.73%) ÷ (7.66% – 2.73%)
CN¥223,067.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥223,067.62 ÷ (1 + 7.66%)10
CN¥106,614.62
NYSE:GSX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥43,992.40 + CN¥106,614.62
CN¥150,607.03
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥150,607.03 / 234.97
CN¥640.95
NYSE:GSX Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NYSE:GSX)
0.145
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥640.95 x 0.145
$93.17
Value per share (USD) From above. $93.17
Current discount Discount to share price of $11.27
= -1 x ($11.27 - $93.17) / $93.17
87.9%

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

Current Discount
Amount off the current price GSX Techedu is available for.
Intrinsic value
>50%
Share price is $11.27 vs Future cash flow value of $93.17
Current Discount Checks
For GSX Techedu to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GSX Techedu's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GSX Techedu'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 GSX Techedu's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GSX Techedu's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:GSX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥0.08
NYSE:GSX Share Price ** NYSE (2019-07-23) in USD $11.27
NYSE:GSX Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥77.53
United States of America Consumer Services Industry PE Ratio Median Figure of 25 Publicly-Listed Consumer Services Companies 26.41x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of GSX Techedu.

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

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

= 77.53 ÷ 0.08

925.35x

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

  • GSX Techedu is overvalued based on earnings compared to the US Consumer Services industry average.
  • GSX Techedu is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does GSX Techedu's expected growth come at a high price?
Raw Data
NYSE:GSX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 925.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
134.5%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 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 925.35x ÷ 134.5%

6.88x

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

  • GSX Techedu is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on GSX Techedu's assets?
Raw Data
NYSE:GSX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥-2.87
NYSE:GSX Share Price * NYSE (2019-07-23) in USD $11.27
NYSE:GSX Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.879 CN¥77.53
United States of America Consumer Services Industry PB Ratio Median Figure of 51 Publicly-Listed Consumer Services Companies 1.92x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NYSE:GSX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 77.53 ÷ -2.87

-27.02x

* Primary Listing of GSX Techedu.

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

  • GSX Techedu has negative assets, we can't compare the value of its assets to the US Consumer Services industry average.
X
Value checks
We assess GSX Techedu'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. GSX Techedu has a total score of 2/6, 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

 How is GSX Techedu expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
134.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GSX Techedu expected to grow at an attractive rate?
  • GSX Techedu's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • GSX Techedu's earnings growth is expected to exceed the United States of America market average.
  • GSX Techedu's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:GSX Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:GSX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 134.5%
NYSE:GSX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 98.1%
United States of America Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 33.1%
United States of America Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 14.8%
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 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
NYSE:GSX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:GSX Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 4,425 2,323 720 1
2019-12-31 1,681 1,132 184 1
NYSE:GSX Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 620 301 12
2018-12-31 397 242 -19
2017-12-31 98 -50 -126

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GSX Techedu's earnings are expected to grow significantly at over 20% yearly.
  • GSX Techedu's revenue is expected to grow significantly at over 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:GSX 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 1 Analyst Estimates (S&P Global) See Below

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

NYSE:GSX Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.84 2.84 2.84 1.00
2019-12-31 0.73 0.73 0.73 1.00
NYSE:GSX Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 0.08
2018-12-31 -0.14
2017-12-31 -0.91

*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 GSX Techedu will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess GSX Techedu'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.
GSX Techedu has a total score of 5/6, 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 GSX Techedu 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 GSX Techedu'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.
  • Unable to establish if GSX Techedu's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare GSX Techedu's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • GSX Techedu has become profitable in the last year making it difficult to compare the US Consumer Services industry average.
Earnings and Revenue History
GSX Techedu'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 GSX Techedu Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:GSX Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 619.55 11.77 256.83 92.57
2018-12-31 397.31 -19.28 161.35 74.05
2017-12-31 97.58 -125.89 112.53 52.45

*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.
  • GSX Techedu made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • GSX Techedu used its assets less efficiently than the US Consumer Services industry average last year based on Return on Assets.
  • Unable to establish if GSX Techedu improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess GSX Techedu'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.
GSX Techedu 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 GSX Techedu'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 GSX Techedu's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GSX Techedu's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GSX Techedu's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GSX Techedu'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.
  • GSX Techedu has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

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

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

All data from GSX Techedu Company Filings, last reported 3 months ago.

NYSE:GSX Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11.65 0.00 294.17
2018-12-31 -26.48 0.00 231.25
2017-12-31 -52.29 0.00 27.27
  • GSX Techedu has no debt.
  • GSX Techedu has not taken on any debt in the past 5 years.
  • GSX Techedu has no debt, it does not need to be covered by operating cash flow.
  • GSX Techedu has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess GSX Techedu'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. GSX Techedu 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.

Dividends

 What is GSX Techedu'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 GSX Techedu dividends. Estimated to be 0% next year.
If you bought $2,000 of GSX Techedu 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 GSX Techedu's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GSX Techedu'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:GSX 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 1 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 3.8%

Industry and Market average data is calculated daily.

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

NYSE:GSX Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

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

  • Unable to perform a dividend volatility check as GSX Techedu has not reported any payouts.
  • Unable to verify if GSX Techedu's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GSX Techedu's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GSX Techedu has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of GSX Techedu'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 GSX Techedu'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 GSX Techedu afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GSX Techedu 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

 What is the CEO of GSX Techedu'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
Larry Chen
AGE 47
TENURE AS CEO 4.9 years
CEO Bio

Mr. Larry Xiangdong Chen is a Founder of GSX Techedu Inc., and has served as its Chairman of the Board and Chief Executive Officer since August 2014. Prior to founding GSX Techedu Inc., Mr. Chen served as the Executive President of New Oriental Education & Technology Group Inc., or New Oriental Education, from November 2010 to January 2014. Mr. Chen joined New Oriental in 1999. He was promoted to be Senior Vice President in January 2006, and from 2001 to January 2002 he served as Executive Assistant to the Chief Executive Officer of New Oriental Education. From 2002 to 2003, Mr. Chen was the President of Wuhan New Oriental School. Mr. Chen was promoted to Vice President in September 2003, and in this capacity was in charge of a number of departments at New Oriental Education’s Headquarters, including its short-term training system, human resources, marketing and public relations and business development. Mr. Chen received his master’s and Ph.D. degrees in economics from Renmin University of China. Mr. Chen completed the General Manager Program at Harvard Business School in 2005.

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

Larry Chen

TITLE
Chairman of the Board & CEO
AGE
47
TENURE
4.9 yrs

Nan Shen

TITLE
Chief Financial Officer
AGE
34
TENURE
0.6 yrs

Huaiting Zhang

TITLE
VP & Director
AGE
41

Wei Liu

TITLE
Vice President
Board of Directors Tenure

Average tenure and age of the GSX Techedu board of directors in years:

0.1
Average Tenure
46
Average Age
  • The average tenure for the GSX Techedu board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larry Chen

TITLE
Chairman of the Board & CEO
AGE
47
TENURE
4.9 yrs

Huaiting Zhang

TITLE
VP & Director
AGE
41
TENURE
4.1 yrs

Xin Fan

TITLE
Independent Director
AGE
40
TENURE
0.1 yrs

Yiming Hu

TITLE
Independent Director
AGE
46
TENURE
0.1 yrs

Ming Liao

TITLE
Independent Director
AGE
47
TENURE
0.1 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 GSX Techedu'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. GSX Techedu 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

Company Info

Description

GSX Techedu Inc., a technology-driven education company, provides online K-12 large-class after-school tutoring services in the People’s Republic of China. It offers K-12 large-class after-school tutoring courses that cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven. In addition, it offers foreign language courses comprising English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams; and professional courses primarily for working adults preparing for professional qualification exams, such as teacher’s qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams. Further, the company provides personal interest courses, such as yoga, fashion, guitar, and Chinese calligraphy. Additionally, it offers other courses, including offline business consulting courses, which target principals and other officers of private education institutions who want to enhance management skills; and operate Weishi, an interactive learning platform on Weixin. The company was formerly known as BaiJiaHuLian Group Holdings Limited and changed its name to GSX Techedu Inc. in January 2019. GSX Techedu Inc. was founded in 2014 and is headquartered in Beijing, the People’s Republic of China. GSX Techedu Inc. is a subsidiary of Ebetter International Group Limited.

Details
Name: GSX Techedu Inc.
GSX
Exchange: NYSE
Founded: 2014
$2,648,155,007
234,973,825
Website: http://www.baijiahulian.com
Address: GSX Techedu Inc.
Beyondsoft Building,
Tower C,
Beijing,
100193,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GSX SPONSORED ADS New York Stock Exchange US USD 06. Jun 2019
Number of employees
Current staff
Staff numbers
1,746
GSX Techedu employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 03:01
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/02
Last earnings filing: 2019/05/08
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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

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