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China East Education Holdings Ltd 00667

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Stock XHKG Rating as of
HK$3.07 −0.13 (4.06%)
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As of Delayed Price Closed

Company Report

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China East Education's Lower Proportion of New Enrollments in Three-Year Programs Is Disappointing

Cheng Wang

China East Education is the largest vocational training education provider in China. It started from and is best known for its culinary arts education. Over the last three decades, it has benefited from the rapid expansion in China’s labor market, which created strong demand for vocational training education. We think that remains a driver for China East over the next five years given continued industrial upgrading and shortage of skilled labor.

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Price vs Fair Value

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00667 is trading at a 579% premium.
Price
HK$3.20
Fair Value
HK$2.34
Uncertainty
Very High
1-Star Price
HK$8.51
5-Star Price
HK$2.12
Economic Moat
Blwcmds
Capital Allocation
Txczfzcg

Bulls Say, Bears Say

Bulls

The anticipated promotion of technical schools to technican colleges helps drive student enrollment growth.

Bears

China East’s core segment culinary arts education enrolment is undermined by public vocational schools.

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Trading Information

Previous Close Price
HK$3.20
Day Range
HK$2.91–3.22
52-Week Range
HK$2.01–3.54
Bid/Ask
HK$3.04 / HK$3.07
Market Cap
HK$6.69 Bil
Volume/Avg
3.0 Mil / 5.1 Mil

Key Statistics

Price/Earnings (Normalized)
17.87
Price/Sales
1.61
Dividend Yield (Trailing)
6.25%
Dividend Yield (Forward)
6.25%
Total Yield
6.25%

Company Profile

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 146,839 as of Dec. 31, 2023. In 2023, China East Education's revenue breakdown by major businesses was 56% in culinary arts, 20% in information & internet technology, 21% in auto services.
Sector
Consumer Defensive
Industry
Education & Training Services
Stock Style Box
Mid Value
Total Number of Employees
10,564
Website
https://www.chinaeastedu.com

Competitors

Valuation

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Metric
00667
06169
00839
Price/Earnings (Normalized)
 17.872.798.88
Price/Book Value
 1.240.25—
Price/Sales
 1.610.792.12
Price/Cash Flow
 6.151.63—
Price/Earnings
00667
06169
00839

Financial Strength

Metric
00667
06169
00839
Quick Ratio
 1.590.340.76
Current Ratio
 1.670.340.85
Interest Coverage
 2.9217.234.16
Quick Ratio
00667
06169
00839

Profitability

Metric
00667
06169
00839
Return on Assets (Normalized)
 3.92%6.15%5.49%
Return on Equity (Normalized)
 6.67%10.54%12.83%
Return on Invested Capital (Normalized)
 5.46%8.32%8.69%
Return on Assets
00667
06169
00839

Education & Training Services Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
New Oriental Education & Technology Group Inc ADR
EDU
ZwmnmbtHwspx$13.4 Bil
 TAL Education Group ADR
TAL
ZfhzJmnz$7.1 Bil
 Grand Canyon Education Inc
LOPE
—Vcvvh$4.1 Bil
 Stride Inc
LRN
—Mwsrv$3.6 Bil
 Graham Holdings Co
GHC
QyknsbnhvSltgm$3.5 Bil
 Adtalem Global Education Inc
ATGE
SypwtpnPwlptx$2.8 Bil
 Laureate Education Inc Shs
LAUR
—Tgtl$2.4 Bil
 Strategic Education Inc
STRA
HcbwtfqyqvYcfw$2.2 Bil
 Afya Ltd Class A
AFYA
—Sjggbgy$1.5 Bil
 Perdoceo Education Corp
PRDO
—Nnmkg$1.4 Bil

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