OFFCN EDUCATION TECHNOLOGY CO., LTD. Financials Offcn Education Technology Co., Ltd.
Equities
002607
CNE100001641
Professional & Business Education
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2.58 CNY | -2.64% |
|
+2.38% | -36.76% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 110,273 | 216,661 | 48,476 | 28,555 | 25,163 | 15,912 | - | - |
| Enterprise Value (EV) 1 | 110,416 | 213,703 | 50,826 | 28,170 | 25,163 | 16,158 | 15,708 | 14,700 |
| P/E ratio | 61.7 x | 94.9 x | -20.7 x | -25.7 x | -136 x | 27.2 x | 14.6 x | 16.1 x |
| Yield | 1.34% | - | - | - | - | 1.16% | 2.05% | 1.55% |
| Capitalization / Revenue | 12 x | 19.3 x | 7.01 x | 5.92 x | 8.15 x | 4.18 x | 2.96 x | 3.13 x |
| EV / Revenue | 12 x | 19.1 x | 7.35 x | 5.84 x | 8.15 x | 4.25 x | 2.92 x | 2.89 x |
| EV / EBITDA | 49 x | 65.6 x | -24.5 x | -35.2 x | 31.4 x | 15.3 x | 10.2 x | 10.1 x |
| EV / FCF | - | 60.1 x | -9.3 x | 41.4 x | - | 12.5 x | 7.01 x | - |
| FCF Yield | - | 1.66% | -10.8% | 2.42% | - | 8.01% | 14.3% | - |
| Price to Book | 31.9 x | 50.9 x | 25.7 x | 36.6 x | - | 9.75 x | 5.87 x | 4.87 x |
| Nbr of stocks (in thousands) | 6,167,399 | 6,167,399 | 6,167,399 | 6,167,399 | 6,167,399 | 6,167,399 | - | - |
| Reference price 2 | 17.88 | 35.13 | 7.860 | 4.630 | 4.080 | 2.580 | 2.580 | 2.580 |
| Announcement Date | 2/28/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 9,176 | 11,202 | 6,912 | 4,825 | 3,086 | 3,806 | 5,372 | 5,090 |
| EBITDA 1 | 2,253 | 3,256 | -2,074 | -801.2 | 800.3 | 1,053 | 1,545 | 1,457 |
| EBIT 1 | 2,091 | 2,706 | -2,786 | -1,277 | -130.9 | 715.3 | 1,397 | 1,167 |
| Operating Margin | 22.78% | 24.16% | -40.31% | -26.47% | -4.24% | 18.79% | 26% | 22.93% |
| Earnings before Tax (EBT) 1 | 2,089 | 2,661 | -2,769 | -1,282 | -132.2 | 670.4 | 1,313 | 1,131 |
| Net income 1 | 1,805 | 2,304 | -2,370 | -1,102 | -209.4 | 576.4 | 1,090 | 967.9 |
| Net margin | 19.67% | 20.57% | -34.28% | -22.84% | -6.79% | 15.14% | 20.29% | 19.01% |
| EPS 2 | 0.2900 | 0.3700 | -0.3800 | -0.1800 | -0.0300 | 0.0950 | 0.1771 | 0.1600 |
| Free Cash Flow 1 | - | 3,557 | -5,465 | 680.4 | - | 1,294 | 2,240 | - |
| FCF margin | - | 31.76% | -79.07% | 14.1% | - | 34% | 41.7% | - |
| FCF Conversion (EBITDA) | - | 109.26% | - | - | - | 122.92% | 144.94% | - |
| FCF Conversion (Net income) | - | 154.38% | - | - | - | 224.49% | 205.49% | - |
| Dividend per Share 2 | 0.2400 | - | - | - | - | 0.0300 | 0.0528 | 0.0400 |
| Announcement Date | 2/28/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 610.5 | 1,213 | 1,014 | 1,667 | 930.9 | 888.6 | 839.8 | 937.5 | 420.5 | 763.5 | 965.7 | 1,172 | 710.2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EBIT 1 | - | -1,896 | -544.8 | -482.2 | 61.87 | -312.1 | 28.41 | - | - | -426.4 | 105.8 | 199.8 | 247.4 | 144.7 |
| Operating Margin | - | -310.5% | -44.92% | -47.56% | 3.71% | -33.53% | 3.2% | - | - | -101.41% | 13.85% | 20.69% | 21.11% | 20.38% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net income | -233 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| EPS 2 | - | -0.2400 | -0.0800 | -0.0600 | 0.0100 | -0.0500 | - | 0.0100 | 0.0300 | -0.0700 | 0.0100 | 0.0300 | 0.0300 | 0.0200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/30/20 | 4/28/22 | 4/28/22 | 8/30/22 | 10/28/22 | 4/27/23 | 4/27/23 | 8/29/23 | 10/29/23 | 4/29/24 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 143 | - | 2,350 | - | - | 246 | - | - |
| Net Cash position 1 | - | 2,958 | - | 385 | - | - | 203 | 1,212 |
| Leverage (Debt/EBITDA) | 0.0633 x | - | -1.133 x | - | - | 0.2341 x | - | - |
| Free Cash Flow 1 | - | 3,557 | -5,465 | 680 | - | 1,294 | 2,240 | - |
| ROE (net income / shareholders' equity) | 52.6% | 59.8% | -76.9% | -82.6% | - | 59.4% | 51.2% | 35% |
| ROA (Net income/ Total Assets) | 18.1% | 14.3% | -19.2% | -12% | - | 9.3% | 13.5% | - |
| Assets 1 | 9,961 | 16,081 | 12,362 | 9,166 | - | 6,198 | 8,075 | - |
| Book Value Per Share 2 | 0.5600 | 0.6900 | 0.3100 | 0.1300 | - | 0.2600 | 0.4400 | 0.5300 |
| Cash Flow per Share 2 | 0.4000 | 0.5700 | -0.6600 | 0.1300 | - | 0.3400 | 0.2900 | 0.3900 |
| Capex 1 | 720 | 1,325 | 1,367 | 107 | - | 747 | 602 | 287 |
| Capex / Sales | 7.85% | 11.83% | 19.78% | 2.21% | - | 19.63% | 11.21% | 5.63% |
| Announcement Date | 2/28/20 | 4/28/21 | 4/28/22 | 4/27/23 | 4/29/24 | - | - | - |
1CNY in Million2CNY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
2.58
CNY
Average target price
3.552
CNY
Spread / Average Target
+37.69%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -36.76% | 2.26B | |
| -13.83% | 3.07B | |
| +29.27% | 1.79B | |
| -11.31% | 1.74B | |
| +37.80% | 852M | |
| -.--% | 813M | |
| +3.42% | 758M | |
| -4.85% | 740M | |
| -10.86% | 732M | |
| +14.86% | 609M |
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