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General information

Country: CHINA

Sector: Education and Training Services

Categories: @china   @edtech   

China Online Education Group operates online education platforms. The Company offers English language educational services. China Online Education Group provides a mobile platform for live lessons. China Online Education Group serves students in China.
Website: 51talk.com



Growth: Bad revenue growth rate -95.6%, there is slowdown compared to average historical growth rates 8.4%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -31.0%

Profitability: LTM EBITDA margin is negative, -2.4%. On average the margin is decreasing steadily. Gross margin is high, +79.2%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 100% of quarters (showing a gain of +$0.09 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -379.7% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 93.9% higher than minimum and 92.9% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 0.1x by EV / Sales multiple , the company can be 15.7% overvalued

Key Financials (Download financials)

Ticker: COE
Share price, USD:  (-8.3%)6.42
year average price 7.51  


year start price 5.75 2023-04-28

min close price 5.75 2023-04-28

max close price 9.00 2023-09-05

current price 6.42 2024-04-26
Common stocks: 5 568 040

Dividend Yield:  0.0%
Last revenue growth (y/y):  -95.7%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  8.4%
Historical growth of EBITDA:  ---
EV / Sales: 0.1x
Margin (EBITDA LTM / Revenue): -2.4%
Fundamental value created in LTM:
Market Cap ($m): 39
Net Debt ($m): -21
EV (Enterprise Value): 18
Price to Book: -5.7x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-12-18Seeking Alpha

51Talk Online Education Group (COE) Q3 2023 Earnings Call Transcript

2023-08-25Seeking Alpha

51Talk Online Education Group (COE) Q2 2023 Earnings Call Transcript
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q2 2022 q1
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-06-30 2022-03-31
symbol COE COE COE COE COE COE COE
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-18 2023-09-30 2023-06-30 2023-03-29 2023-04-06 2022-06-30 2022-03-31
acceptedDate 2023-12-18 08:24:13 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-29 07:05:55 2023-04-06 09:09:42 2022-06-29 20:00:00 2022-03-30 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q2 Q1
revenue 8M 8M 6M 6M 5M 4M 2M
costOfRevenue 2M 2M 1M 1M 1M 733 000 415 000
grossProfit 6M 6M 5M 4M 4M 3M 1M
grossProfitRatio 0.756 0.763 0.784 0.776 0.790 0.792 0.779
researchAndDevelopmentExpenses 864 000 868 000 694 000 390 000 435 000 700 000 1M
generalAndAdministrativeExpenses 0 2M 2M 2M 2M 3M 2M
sellingAndMarketingExpenses 0 7M 5M 4M 4M 4M 2M
sellingGeneralAndAdministrativeExpenses 10M 9M 7M 6M 6M 6M 4M
otherExpenses 0 -43 000 -45 000 -75 000 171 000 0 0
operatingExpenses 10M 10M 8M 7M 6M 7M 5M
costAndExpenses 12M 12M 9M 8M 7M 8M 5M
interestIncome 67 000 29 000 36 000 33 000 0 0
interestExpense 0 0 0 42 000 -171 000 11M 0
depreciationAndAmortization 1.000 0 0 0 0 -11M 0
ebitda -5M -4M -3M -2M -2M -15M -21M
ebitdaratio -0.599 -0.492 -0.471 -0.424 -0.430 -4.244 -11.267
operatingIncome -5M -4M -3M -2M -2M -4M -4M
operatingIncomeRatio -0.599 -0.492 -0.471 -0.424 -0.430 -1.160 -1.872
totalOtherIncomeExpensesNet -38 000 -43 000 -45 000 -42 000 171 000 -498 000 91 000
incomeBeforeTax -5M -4M -3M -2M -2M -5M -3M
incomeBeforeTaxRatio -0.604 -0.494 -0.473 -0.432 -0.396 -1.301 -1.824
incomeTaxExpense -11 999 -1000.000 -61 000 9000.000 -171 000 14 000 12 000
netIncome -5M -4M -3M -2M -2M -5M -21M
netIncomeRatio -0.602 -0.494 -0.463 -0.433 -0.363 -1.305 -11.273
eps -0.810 -0.680 -0.510 -0.430 -0.330 -0.052 -3.600
epsdiluted -0.810 -0.680 -0.510 -0.430 -0.330 -0.052 -3.600
weightedAverageShsOut 6M 6M 6M 6M 6M 89M 6M
weightedAverageShsOutDil 6M 6M 6M 6M 6M 89M 6M
link Link Link Link
finalLink Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q2 2021 q4
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-06-30 2021-12-31
symbol COE COE COE COE COE COE COE
reportedCurrency USD USD USD USD USD USD CNY
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-12-18 2023-09-30 2023-06-30 2023-03-29 2023-04-06 2022-06-30 2021-12-31
acceptedDate 2023-12-18 08:24:13 2023-09-29 20:00:00 2023-06-30 00:00:00 2023-03-29 07:05:55 2023-04-06 09:09:42 2022-06-29 20:00:00 2021-12-30 19:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2021.000
period Q4 Q3 Q2 Q1 Q4 Q2 Q4
cashAndCashEquivalents 13M 20M 17M 19M 18M 21M 215M
shortTermInvestments 11M 3M 5M 5M 5M 0 626M
cashAndShortTermInvestments 23M 23M 22M 24M 23M 21M 841M
netReceivables 0 0 294 000 0 0 0 0
inventory 0 0 0 0 0 0 1M
otherCurrentAssets 6M 6M 5M 3M 4M 5M 123M
totalCurrentAssets 30M 29M 27M 27M 27M 26M 965M
propertyPlantEquipmentNet 861 000 721 000 698 000 705 000 794 000 121 000 54M
goodwill 0 0 0 0 0 0 0
intangibleAssets 0 95 000 98 000 0 104 000 110 000 11M
goodwillAndIntangibleAssets 0 95 000 98 000 26 000 104 000 110 000 11M
longTermInvestments 0 0 0 0 0 0 101M
taxAssets 72 000 0 0 0 0 33 000 57M
otherNonCurrentAssets 440 000 383 000 255 000 220 000 169 000 127 000 5M
totalNonCurrentAssets 1M 1M 1M 951 000 1M 391 000 228M
otherAssets 0 0 0 0 0 0 0
totalAssets 31M 30M 28M 28M 28M 26M 1 194M
accountPayables 301 000 0 0 0 0 0 0
shortTermDebt 590 000 569 000 470 000 438 000 427 000 38 000 19M
taxPayables 301 000 343 000 254 000 186 000 186 000 148 000 28M
deferredRevenue 27M 24M 21M 18M 15M 10M 1 766M
otherCurrentLiabilities 10M 8M 5M 5M 5M 5M 96M
totalCurrentLiabilities 38M 32M 26M 23M 21M 15M 1 910M
longTermDebt 0 46 000 146 000 204 000 307 000 0 19M
deferredRevenueNonCurrent 0 0 0 0 0 0 1M
deferredTaxLiabilitiesNonCurrent 0 4000.000 4000.000 86 000 84 000 0 0
otherNonCurrentLiabilities 216 999 178 000 172 000 168 000 156 000 -10M 2M
totalNonCurrentLiabilities 216 999 228 000 322 000 458 000 547 000 205 000 22M
otherLiabilities 1.000 0 0 0 0 0 0
capitalLeaseObligations 41 000 615 000 616 000 642 000 734 000 38 000 39M
totalLiabilities 38M 32M 27M 23M 21M 15M 1 932M
preferredStock 0 0 0 0 0 0 0
commonStock 0 0 0 0 33 000 0 0
retainedEarnings 0 0 0 0 -331M 0 0
accumulatedOtherComprehensiveIncomeLoss 0 0 0 0 303 000 0 0
othertotalStockholdersEquity 0 0 0 0 337M 11M -738M
totalStockholdersEquity -7M -3M 1M 4M 7M 11M -738M
totalEquity -7M -3M 1M 4M 7M 11M -738M
totalLiabilitiesAndStockholdersEquity 31M 30M 28M 28M 28M 26M 1 194M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 31M 30M 28M 28M 28M 26M 1 194M
totalInvestments 11M 3M 5M 5M 5M 0 727M
totalDebt 631 000 615 000 616 000 642 000 734 000 38 000 39M
netDebt -12M -19M -16M -18M -17M -21M -176M
link Link Link Link
finalLink Link Link Link

Cash Flow Statement

Property 2023 q3 2023 q2 2022 q4 2020 q4 2020 q2
date 2023-09-30 2023-06-30 2022-12-31 2020-12-31 2020-06-30
symbol COE COE COE COE COE
reportedCurrency USD USD USD CNY CNY
cik 2M 2M 2M 2M 2M
fillingDate 2023-09-30 2023-06-30 2023-04-06 2021-04-07 2020-09-09
acceptedDate 2023-09-28 20:00:00 2023-06-28 20:00:00 2023-04-06 09:09:42 2021-04-07 07:07:34 2020-09-09 06:04:27
calendarYear 2023.000 2023.000 2022.000 2020.000 2020.000
period Q3 Q2 Q4 Q4 Q2
netIncome -4M -3M -158M 32M 33M
depreciationAndAmortization 0 0 -5M 0 0
deferredIncomeTax 0 0 126 000 0 0
stockBasedCompensation 0 0 -5M 0 0
changeInWorkingCapital 0 0 -111M 0 0
accountsReceivables 0 0 0 0 0
inventory 0 0 363 000 0 0
accountsPayables 0 0 0 0 0
otherWorkingCapital 0 0 -111M 0 0
otherNonCashItems 4M 3M 108M -32M -33M
netCashProvidedByOperatingActivities 0 0 -171M 0 0
investmentsInPropertyPlantAndEquipment 0 0 3M 0 0
acquisitionsNet 0 0 0 0 0
purchasesOfInvestments 0 0 511M 0 0
salesMaturitiesOfInvestments 0 0 -340M 0 0
otherInvestingActivites 0 0 -8M 0 0
netCashUsedForInvestingActivites 0 0 167M 0 0
debtRepayment 0 0 -16M 0 0
commonStockIssued 0 0 0 0 0
commonStockRepurchased 0 0 7000.000 0 0
dividendsPaid 0 0 0 0 0
otherFinancingActivites 0 0 48M 0 0
netCashUsedProvidedByFinancingActivities 0 0 32M 0 0
effectOfForexChangesOnCash 0 0 -2M 0 0
netChangeInCash 3M -2M 26M 0 0
cashAtEndOfPeriod 20M 17M 18M 0 0
cashAtBeginningOfPeriod 17M 19M -8M 0 0
operatingCashFlow 0 0 -171M 0 0
capitalExpenditure 0 0 3M 0 0
freeCashFlow 0 0 -167M 0 0
link Link Link Link
finalLink Link Link Link

Earning call transcript

2023 q4
2024-03-22 ET (fiscal 2023 q4)
2023 q3
2023-12-18 ET (fiscal 2023 q3)
2023 q2
2023-08-25 ET (fiscal 2023 q2)
2023 q1
2023-03-31 ET (fiscal 2022 q4)
2022 q2
2022-08-30 ET (fiscal 2022 q2)
2022 q1
2022-06-24 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-03-22 10:00 ET
51Talk Online Education Group Announces the Results for the Fourth Quarter and Full Year 2023
2024-03-20 09:00 ET
51Talk Online Education Group to Report Fourth Quarter 2023 Financial Results on Friday, March 22, 2024
2023-12-18 12:00 ET
51Talk Online Education Group Announces Third Quarter 2023 Results
2023-12-14 08:00 ET
51Talk Online Education Group to Report Third Quarter 2023 Financial Results on Monday, December 18, 2023
2023-08-25 11:30 ET
51Talk Online Education Group Announces Second Quarter 2023 Results
2023-08-23 11:00 ET
51Talk Online Education Group to Report Second Quarter 2023 Financial Results on Friday, August 25, 2023
2023-05-23 12:00 ET
51Talk Online Education Group Announces Transfer to NYSE American
2023-04-26 10:00 ET
51Talk Online Education Group Announces First Quarter 2023 Results
2023-04-07 00:50 ET
51Talk Online Education Group Files Annual Report on Form 20-F for Fiscal Year 2022
2023-04-05 20:24 ET
51Talk releases 2022 annual performance report: AI will transform online education
2023-03-29 09:44 ET
51Talk Online Education Group Announces the Results for the Third Quarter, the Fourth Quarter and Full Year 2022
2023-03-28 10:10 ET
51Talk Online Education Group to Report Third Quarter, Fourth Quarter and Fiscal Year 2022 Financial Results on Wednesday, March 29, 2023
2022-12-05 07:28 ET
51Talk Online Education Group Announces ADS Ratio Change
2022-09-30 09:00 ET
51Talk Online Education Group's Name Is Approved and Adopted by Way of Annual General Meeting on September 30, 2022
2022-08-30 09:31 ET
China Online Education Group Announces Second Quarter 2022 Results
2022-08-25 09:30 ET
China Online Education Group to Report Second Quarter, 2022 Financial Results on Tuesday, August 30, 2022
2022-08-15 09:00 ET
China Online Education Group Announces Engagement of Marcum Bernstein & Pinchuk LLP, a U.S. Auditor, as the Company's Independent Registered Public Accounting Firm
2022-08-08 09:30 ET
China Online Education Group to Hold an Annual General Meeting on September 30, 2022
2022-06-24 09:00 ET
China Online Education Group Announces First Quarter 2022 Results
2022-06-24 08:32 ET
China Online Education Group Enters into Definitive Agreement to Spin off China Mainland Business
2022-06-22 08:30 ET
China Online Education Group to Report First Quarter, 2022 Financial Results on Friday, June 24, 2022
2022-05-10 05:00 ET
China Online Education Group Provides Update on Status under Holding Foreign Companies Accountable Act
2022-05-03 01:50 ET
China Online Education Group Files Annual Report on Form 20-F for Fiscal Year 2021
2022-04-11 09:00 ET
China Online Education Group Announces Management Change
2022-03-24 10:24 ET
China Online Education Group Announces Receipt of a Non-Binding Proposal to Acquire Mainland China Business of the Company
2022-03-24 08:33 ET
/C O R R E C T I O N -- China Online Education Group/
2022-03-22 14:48 ET
/C O R R E C T I O N -- China Online Education Group/
2021-12-21 10:00 ET
China Online Education Group Announces Receipt of NYSE Non-Compliance Letter
2021-09-28 10:14 ET
China Online Education Group Announces Second Quarter 2021 Results
2021-09-24 09:00 ET
China Online Education Group to Report Second Quarter 2021 Financial Results on Tuesday, Sep 28, 2021
2021-07-26 09:00 ET
China Online Education Group Provides Update on New Regulations
2021-07-23 12:20 ET
China Online Education Group Responds to Media Reports
2021-07-20 21:00 ET
China Online Education Group Announces Guidance Update
2021-05-18 07:15 ET
China Online Education Group Powered Industry to Witness Sustainable Growth by 2021
2021-05-17 09:30 ET
China Online Education Group Announces First Quarter 2021 Results
2021-05-11 10:00 ET
China Online Education Group Announces Change to Board Composition
2021-05-10 08:30 ET
China Online Education Group to Report First Quarter 2021 Financial Results on Monday, May 17, 2021
2021-04-23 09:00 ET
China Online Education Group Announces Acquisition of Kaola Reading
2021-03-05 11:39 ET
51Talk Announces The First Profitable Year in Company History, Eyes Future Growth
2021-03-05 10:16 ET
China Online Education Group Announces Fourth Quarter 2020 Results
2021-02-27 00:18 ET
China Online Education Group to Report Fourth Quarter 2020 and Full Year 2020 Financial Results on Friday, March 5, 2021
2020-11-24 13:35 ET
Deutsche Bank's Depositary Receipts Virtual Investor Conference presentations now available for on-demand viewing
2020-11-23 11:47 ET
China Online Education Group Announces Third Quarter 2020 Results
2020-11-16 13:55 ET
Live Investor Conference & Webinar: International companies to present at Deutsche Bank's Depositary Receipts Virtual Investor Conference on November 18th and 19th, 2020
2020-11-16 11:51 ET
China Online Education Group to Report Third Quarter 2020 Financial Results on Monday, November 23, 2020
2020-11-12 13:35 ET
International companies to host live webcasts at Deutsche Bank's Depositary Receipts Virtual Investor Conference on November 18th and 19th, 2020
2020-10-09 07:41 ET
51Talk flight attendant-turned-online English tutor makes the case for livelihood solutions during pandemic
2020-09-16 10:14 ET
Online English Education Platform 51Talk Reports Its Third Consecutive Quarterly Profit
2020-09-08 10:52 ET
China Online Education Group Announces US$20.0 million Share Repurchase Program
2020-09-08 10:10 ET
China Online Education Group Announces Second Quarter 2020 Results
2020-09-01 09:52 ET
China Online Education Group to Report Second Quarter 2020 Financial Results on Tuesday, September 8, 2020
2020-06-04 12:41 ET
China Online Education Group Announces Pricing of Follow-on Public Offering of American Depositary Shares
2020-06-02 21:45 ET
China Online Education Group Announces Proposed Follow-on Public Offering of American Depositary Shares
2020-05-26 10:46 ET
China Online Education Group Announces First Quarter 2020 Results
2020-05-19 11:02 ET
China Online Education Group to Report First Quarter 2020 Financial Results on Tuesday, May 26, 2020
2020-04-06 12:15 ET
China Online Education Group Files 2019 Annual Report on Form 20-F
2020-03-13 13:00 ET
China Online Education Group to Participate in Upcoming Investor Conferences
2020-03-09 09:41 ET
China Online Education Group Announces Fourth Quarter 2019 Results
2020-03-02 09:30 ET
China Online Education Group to Report Fourth Quarter and Full Year 2019 Financial Results on Monday, March 9, 2020
2019-12-09 10:23 ET
China Online Education Group Announces Third Quarter 2019 Results
2019-12-02 14:15 ET
China Online Education Group to Report Third Quarter 2019 Financial Results on Monday, December 9, 2019
2019-10-23 07:51 ET
China Online Education Group to Hold Annual General Meeting on December 9, 2019

SEC forms

Show financial reports only

SEC form 6
2024-03-22 07:48 ET
China Online Education published news for 2023 q4
SEC form 6
2024-03-22 07:48 ET
China Online Education reported for 2023 q4
SEC form 6
2023-12-18 08:24 ET
China Online Education reported for 2023 q3
SEC form 6
2023-12-18 08:24 ET
China Online Education published news for 2023 q3
SEC form 6
2023-08-25 16:00 ET
China Online Education reported for 2023 q2
SEC form 6
2023-05-23 08:21 ET
China Online Education published news for 2023 q1
SEC form 6
2023-04-26 07:10 ET
China Online Education reported for 2023 q1
SEC form 6
2023-04-06 09:10 ET
China Online Education published news for 2023 q1
SEC form 6
2023-04-06 09:09 ET
China Online Education published news for 2023 q1
SEC form 6
2023-03-29 07:05 ET
China Online Education reported for 2022 q4
SEC form 6
2022-12-05 06:06 ET
China Online Education published news for 2022 q3
SEC form 6
2022-09-30 06:01 ET
China Online Education published news for 2022 q2
SEC form 6
2022-08-30 06:06 ET
China Online Education published news for 2022 q2
SEC form 6
2022-08-15 06:33 ET
China Online Education published news for 2022 q2
SEC form 6
2022-08-08 06:22 ET
China Online Education published news for 2022 q2
SEC form 6
2022-06-24 06:37 ET
China Online Education published news for 2022 q1
SEC form 6
2022-05-10 06:02 ET
China Online Education published news for 2022 q1
SEC form 6
2022-05-02 16:06 ET
China Online Education published news for 2022 q1
SEC form 6
2022-04-11 06:02 ET
China Online Education published news for 2022 q1
SEC form 6
2022-03-24 07:50 ET
China Online Education published news for 2021 q4
SEC form 6
2021-12-21 06:04 ET
China Online Education published news for 2021 q3
SEC form 6
2021-09-28 06:04 ET
China Online Education published news for 2021 q2
SEC form 6
2021-07-26 07:19 ET
China Online Education published news for 2021 q2
SEC form 6
2021-07-20 17:15 ET
China Online Education published news for 2021 q2
SEC form 6
2021-05-18 06:04 ET
China Online Education published news for 2021 q1
SEC form 6
2021-05-11 16:06 ET
China Online Education published news for 2021 q1
SEC form 6
2021-04-07 07:07 ET
China Online Education published news for 2021 q1
SEC form 6
2021-03-08 06:05 ET
China Online Education published news for 2020 q4
SEC form 6
2020-11-24 06:21 ET
China Online Education published news for 2020 q3
SEC form 6
2020-09-09 06:04 ET
China Online Education published news for 2020 q2