TAL Education Group ADR
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$6.60 | Wllq | Xrhv |
TAL Education Group in Transition Period
Beijing’s clampdown on China's education sector has slammed the bottom line of TAL Education Group, or TAL Education. The company recorded a net loss of USD 99.4 million for the third-quarter fiscal year 2022, ended in calendar year November 2021, compared with a net loss of USD 43.6 million over the same period in 2020. The reported net revenue of USD 1.02 billion for the third quarter of fiscal year 2022 dropped 8.8% year over year. The basic and diluted net loss per ADS were both USD 0.15, the non-GAAP basic and diluted net loss per ADS, excluding share-based compensation expenses, were both USD 0.09. TAL Education’s cash and cash equivalent reached a total of USD 2.8 billion.