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China New Higher Education Group Ltd Registered Shs Unitary 144A/Reg S 02001

Morningstar Rating
HKD 2.03 +0.01 (0.50%)
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Company Report

China New Higher Education Changes Dividend Schedule

China New Higher Education, or CNHE, is the third-largest private higher education group in China by student enrolment. CNHE focuses on higher vocational education, and it strives to prepare students for quality employment. We think a high graduate employment rate helps CNHE achieve steady growth in student enrolment.

Price vs Fair Value

02001 is trading at a 711% premium.
Price
HKD 2.03
Fair Value
HKD 4.80
Uncertainty
Very High
1-Star Price
HKD 2.38
5-Star Price
HKD 6.14
Economic Moat
Fjnvf
Capital Allocation
Vfhpywsdq

Bulls Say, Bears Say

Bulls

Negative sentiment toward the education sector will ease; there are no further regulatory actions.

Bears

Growth will slow as M&A driven strategy is no longer feasible.

Is it the right time to buy, sell, or hold?
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Trading Information

Previous Close Price
HKD 2.02
Day Range
HKD 2.012.07
52-Week Range
HKD 1.832.80
Bid/Ask
HKD 2.03 / HKD 2.08
Market Cap
HKD 3.16 Bil
Volume/Avg
403,911 / 928,773

Key Statistics

Price/Earnings (Normalized)
3.75
Price/Sales
1.26
Dividend Yield (Trailing)
6.69%
Dividend Yield (Forward)
6.69%
Total Yield
6.69%

Company Profile

China New Higher Education Group, or CNHE, is a leading higher education group in China. Its school network spans seven provinces. Total enrolled students reached about 140,000 for the academic year 2023/24 from 33,462 students as of December 2016. The rapid expansion is primarily attributable to school acquisitions. CNHE currently operates eight schools, up from only two schools in 2016.
Sector
Consumer Defensive
Industry
Education & Training Services
Stock Style Box
Small Value
Total Number of Employees
9,760

Competitors

Valuation

Metric
02001
06169
00839
Price/Earnings (Normalized)
3.752.205.26
Price/Book Value
0.770.200.67
Price/Sales
1.260.621.66
Price/Cash Flow
2.541.283.75
Price/Earnings
02001
06169
00839

Financial Strength

Metric
02001
06169
00839
Quick Ratio
0.110.340.76
Current Ratio
0.300.340.85
Interest Coverage
7.6917.234.16
Quick Ratio
02001
06169
00839

Profitability

Metric
02001
06169
00839
Return on Assets (Normalized)
8.33%6.15%5.49%
Return on Equity (Normalized)
20.98%10.54%12.83%
Return on Invested Capital (Normalized)
13.40%8.32%8.69%
Return on Assets
02001
06169
00839
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Education & Training Services Industry Comparables

1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
New Oriental Education & Technology Group Inc ADR
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TAL Education Group ADR
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GrzHpmx$6.3 Bil
Grand Canyon Education Inc
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Zmczw$4.2 Bil
Graham Holdings Co
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KdcgpplLwk$3.1 Bil
Stride Inc
LRN
Lkfp$3.0 Bil
Strategic Education Inc
STRA
CpgwjwqdfxHpjg$2.7 Bil
Adtalem Global Education Inc
ATGE
XlqkkjyMrzf$2.5 Bil
Laureate Education Inc Shs
LAUR
Ydbsk$2.3 Bil
Afya Ltd Class A
AFYA
Ymqtc$1.5 Bil
Perdoceo Education Corp
PRDO
Fkn$1.4 Bil

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