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First High-School Education Group Co., Ltd. (FHSEY)
Key financial summary
Financials in CNY| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | CNY m | 254 | 337 | 446 | 400 | 343 | 266 | 255 |
| Operating profit | CNY m | -41 | -78 | |||||
| Net profit | CNY m | -170 | 32 | 81 | 53 | 37 | -72 | -98 |
| EPS reported | CNY | -4.77 | -10.53 | |||||
| Operating cashflow per share | CNY | 12.92 | 12.92 | |||||
| Capex per share | CNY | 0.63 | 0.63 | |||||
| FCF per share | CNY | 12.29 | 12.29 | |||||
| Free cash flow | CNY m | 119 | 0 | |||||
| Net debt | CNY m | -101 | -27 | |||||
| Book value equity | CNY m | 153 | 158 | |||||
| Book value per share | CNY | 15.91 | 15.37 | |||||
| Number of shares | m | 9.65 | 10.27 | |||||
| DPS (TTM paid) | CNY | 0.00 | 0.00 |
Financial summary
Financials in CNY| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | - | - | |||||
| P/B LTM | x | 0.02 | 0.36 | |||||
| P/S LTM | x | 0.01 | 0.22 | |||||
| P/FCF LTM | x | 0.03 | 0.47 | |||||
| EV/EBITDA LTM | x | 3.88 | -0.46 | |||||
| EV/Sales LTM | x | -0.37 | 0.12 | |||||
| Earnings Yield LTM | % | -1916.7% | -1139.7% | |||||
| FCF Yield | % | 3147.8% | 0.00% | |||||
| Quality | ||||||||
| ROE | % | -47.04% | -37.63% | |||||
| ROIC | % | -16.27% | -16.27% | |||||
| Operating margin | % | -15.55% | -15.55% | |||||
| Gross margin | % | 26.76% | 26.76% | |||||
| FCF/Sales | % | 44.53% | 44.53% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | - | - | |||||
| Sales Growth YoY | % | -22.26% | -12.80% | |||||
| Net Income Growth YoY | % | - | - | |||||
| FCF Growth | % | - | - | |||||
| Operating Profit Growth | % | - | - | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.00% | 0.00% | |||||
| Dividend Growth | % | -100.00% | 0.00% | |||||
| Payout Ratio | % | 0.00% | 0.00% | |||||
| FCF/Debt | x | 1.35 | 0.00 | |||||
| Net Debt/EBITDA | x | 4.03 | 4.03 | |||||
| EBIT/Net interest | x | -6.50 | -6.50 | |||||
| Net debt/market cap | % | -2688.9% | -47.30% | |||||
| Net debt/Equity | x | -0.66 | -0.17 | |||||
| Gross debt/equity | x | 0.57 | 0.20 | |||||
Company overview
First High-School Education Group Co., Ltd. (FHSEY) is a private educational services provider operating throughout several Chinese provinces, primarily in the country's western regions. The company delivers private K-12 education, specifically focusing on middle and high school, and also offers supplementary learning programs through its tutorial centers. Beyond direct instruction, FHSEY provides management and consulting services to other educational entities. Founded in 2012 and based in Kunming, China, the group oversees a network of 21 schools. These institutions, situated in Yunnan, Guizhou, Shaanxi, and Henan provinces, offer a curriculum comprising 13 high school programs and three specialized tutoring courses designed for students preparing to retake the Gaokao examination.
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First High-School Education Group Co., Ltd. (FHSEY)
First High-School Education Group Co., Ltd. (FHSEY) is a private educational services provider operating throughout several Chinese provinces, primarily in the country's western regions. The company delivers private K-12 education, specifically focusing on middle and high school, and also offers supplementary learning programs through its tutorial centers. Beyond direct instruction, FHSEY provides management and consulting services to other educational entities. Founded in 2012 and based in Kunming, China, the group oversees a network of 21 schools. These institutions, situated in Yunnan, Guizhou, Shaanxi, and Henan provinces, offer a curriculum comprising 13 high school programs and three specialized tutoring courses designed for students preparing to retake the Gaokao examination.
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