Added to YB: 2024-08-13
Pitch date: 2024-08-12
EDU [bullish]
New Oriental Education & Technology Group Inc.
-17.38%
current return
Author Info
Company Info
New Oriental Education & Technology Group Inc. engages in the provision of private educational services under the New Oriental brand in the People’s Republic of China.
Market Cap
$9.5B
Pitch Price
$68.37
Price Target
150.00 (+166%)
Dividend
2.02%
EV/EBITDA
5.19
P/E
24.98
EV/Sales
1.10
Sector
Diversified Consumer Services
Category
growth
New Oriental Education - $EDU
EDU: Leading Chinese edu provider pivots post-reg crackdown. 20% rev CAGR, 30%+ earnings CAGR ex-East Buy thru 2028. Strong non-academic tutoring moat, high school growth, overseas test prep/consulting surge. Diversified biz, $4.95B cash. 27x 2024 PE. $150 PT (142% upside) via SOTP. Risks: non-academic demand, regs, founder succession.
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