Sunlands Technology Group - Understand $stg stock

$STG Market Cap: $99.54 Million

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Financial Snapshot

Revenue

$2.160B

TTM

Gross Margin

87.71%

TTM

Net Earnings

$640.8M

TTM

Current Assets

$145.3M

Q4 2023

Current Liabilities

$142.3M

Q4 2023

Current Ratio

102.14%

Q4 2023

Total Assets

$298.4M

Q4 2023

Total Liabilities

$259.6M

Q4 2023

Book Value

$38.81M

Q4 2023

Cash

$107.6M

Q4 2023

P/E

0.1553

Oct 16, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$2.160B	$2.323B	$2.508B	$2.204B	$2.194B	$1.974B	$781.1M	$418.9M	$159.0M
YoY Change	-7.04%	-7.37%	13.8%	0.45%	11.14%	152.72%	86.46%	163.46%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$2.160B	$2.323B	$2.508B	$2.204B	$2.194B	$1.974B	$781.1M	$418.9M	$159.0M
Cost Of Revenue	$37.40M	$348.2M	$376.2M	$387.3M	$396.3M	$330.4M	$110.3M	$71.00M	$61.70M
Gross Profit	$266.8M	$1.975B	$2.132B	$1.817B	$1.798B	$1.644B	$670.8M	$347.9M	$97.30M
Gross Profit Margin	12.35%	85.01%	85.0%	82.43%	81.94%	83.26%	85.88%	83.05%	61.19%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin	$181.1M	$1.315B	$1.956B	$2.399B	$2.156B	$2.597B	$1.240B	$593.0M	$409.3M
YoY Change	-86.23%	-32.76%	-18.46%	11.29%	-16.98%	109.4%	109.11%	44.88%
% of Gross Profit	67.87%	66.59%	91.76%	132.07%	119.92%	157.98%	184.85%	170.45%	420.66%
Research & Development	$4.750M	$42.83M	$61.33M	$66.50M	$101.7M	$76.00M	$25.60M	$13.90M	$5.200M
YoY Change	-88.91%	-30.15%	-7.78%	-34.61%	33.82%	196.88%	84.17%	167.31%
% of Gross Profit	1.78%	2.17%	2.88%	3.66%	5.66%	4.62%	3.82%	4.0%	5.34%
Depreciation & Amortization	$4.317M	$6.769M	$37.92M	$40.30M	$37.20M	$25.80M	$8.100M	$5.500M	$3.800M
YoY Change	-36.22%	-82.15%	-5.92%	8.33%	44.19%	218.52%	47.27%	44.74%
% of Gross Profit	1.62%	0.34%	1.78%	2.22%	2.07%	1.57%	1.21%	1.58%	3.91%
Operating Expenses	$185.8M	$1.358B	$2.017B	$2.465B	$2.257B	$2.673B	$1.266B	$607.0M	$414.5M
YoY Change	-86.32%	-32.68%	-18.18%	9.22%	-15.54%	111.15%	108.52%	46.44%
Operating Profit	$80.97M	$616.9M	$114.3M	-$649.0M	-$459.7M	-$1.029B	-$594.9M	-$259.1M	-$317.2M
YoY Change	-86.88%	439.92%	-117.61%	41.18%	-55.32%	72.95%	129.6%	-18.32%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Interest Expense	$1.078M	$6.189M	$5.246M	$14.10M	$45.90M	$68.20M	$7.700M	$3.100M	$800.0K
YoY Change	-82.58%	17.98%	-62.79%	-69.28%	-32.7%	785.71%	148.39%	287.5%
% of Operating Profit	1.33%	1.0%	4.59%
Other Income/Expense, Net	$4.802M	$24.53M	$39.16M	$203.2M	$21.30M	$32.10M	$100.0K	$2.400M	$800.0K
YoY Change	-80.42%	-37.36%	-80.73%	853.99%	-33.64%	32000.0%	-95.83%	200.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$676.1M	$648.5M	$197.6M	-$432.6M	-$392.6M	-$928.7M	-$587.0M	-$253.6M	-$315.6M
YoY Change	4.25%	228.16%	-145.69%	10.19%	-57.73%	58.21%	131.47%	-19.65%
Income Tax	$25.17M	$11.99M	-$19.62M	-$200.0K	$2.400M	$0.00	$0.00	$0.00	$0.00
% Of Pretax Income	3.72%	1.85%	-9.93%
Net Earnings	$640.8M	$644.0M	$219.1M	-$430.5M	-$394.8M	-$927.0M	-$590.2M	-$253.6M	-$318.3M
YoY Change	-0.49%	193.97%	-150.88%	9.04%	-57.41%	57.07%	132.73%	-20.33%
Net Earnings / Revenue	29.67%	27.72%	8.73%	-19.53%	-18.0%	-46.96%	-75.56%	-60.54%	-200.19%
Basic Earnings Per Share	$92.88	$94.14	$32.56	-$63.74
Diluted Earnings Per Share	$92.88	$94.14	$32.56M	-$63.31M	-$58.06M	-$147.1M	-$327.9M	-$36.75M	-$46.13M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$905.9M	$824.2M	$810.9M	$1.279B	$1.620B	$2.277B	$912.5M	$168.1M
YoY Change	9.91%	1.64%	-36.58%	-21.08%	-28.87%	149.58%	442.83%
Cash & Equivalents	$763.8M	$753.6M	$626.7M	$760.7M	$1.402B	$1.249B	$559.5M	$23.10M
Short-Term Investments	$142.1M	$70.54M	$184.2M	$517.8M	$217.6M	$1.029B	$353.1M	$145.0M
Other Short-Term Assets	$125.9M	$144.9M	$260.0M	$250.0M	$418.3M	$290.0M	$101.0M	$33.50M
YoY Change	-13.15%	-44.26%	3.99%	-40.23%	44.24%	187.13%	201.49%
Inventory		$14.20M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$1.032B	$969.1M	$1.127B	$1.554B	$2.044B	$2.583B	$1.267B	$219.9M
YoY Change	6.46%	-13.98%	-27.52%	-23.97%	-20.86%	103.91%	476.03%
Property, Plant & Equipment	$922.5M	$1.088B	$1.220B	$1.000B	$1.145B	$559.5M	$525.3M	$16.40M
YoY Change	-15.25%	-10.78%	22.0%	-12.64%	104.59%	6.51%	3103.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$61.35M	$73.51M	$54.84M	$64.10M	$40.00M	$30.00M	$3.300M	$0.00
YoY Change	-16.54%	34.04%	-14.44%	60.25%	33.33%	809.09%
Other Assets	$101.9M	$143.5M	$188.4M	$627.8M	$738.6M	$565.3M	$172.8M	$7.600M
YoY Change	-28.98%	-23.84%	-69.98%	-15.0%	30.66%	227.14%	2173.68%
Total Long-Term Assets	$1.087B	$1.307B	$1.466B	$1.707B	$1.925B	$1.156B	$703.0M	$25.10M
YoY Change	-16.85%	-10.85%	-14.1%	-11.32%	66.45%	64.47%	2700.8%
Total Assets	$2.119B	$2.276B	$2.593B	$3.261B	$3.969B	$3.739B	$1.970B	$245.0M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$417.7M	$453.4M	$200.9M	$324.2M	$275.9M	$390.3M	$211.8M	$61.70M
YoY Change	-7.87%	125.7%	-38.04%	17.51%	-29.31%	84.28%	243.27%
Deferred Revenue
YoY Change
Short-Term Debt		$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$38.65M	$38.65M	$38.65M	$32.50M	$32.50M	$32.50M
YoY Change	0.0%	0.0%	18.94%	0.0%	0.0%
Total Short-Term Liabilities	$1.010B	$1.478B	$1.906B	$2.196B	$2.240B	$2.314B	$1.802B	$587.1M
YoY Change	-31.66%	-22.45%	-13.2%	-1.96%	-3.23%	28.42%	206.97%
Long-Term Debt	$104.7M	$143.3M	$182.0M	$160.6M	$193.1M	$225.6M	$0.00	$0.00
YoY Change	-26.97%	-21.24%	13.31%	-16.83%	-14.41%
Other Long-Term Liabilities	$724.4M	$1.028B	$1.497B	$2.102B	$2.186B	$1.538B	$784.5M	$211.8M
YoY Change	-29.57%	-31.3%	-28.76%	-3.88%	42.15%	96.06%	270.4%
Total Long-Term Liabilities	$829.0M	$1.172B	$1.679B	$2.262B	$2.380B	$1.764B	$784.5M	$211.8M
YoY Change	-29.25%	-30.21%	-25.78%	-4.93%	34.92%	124.82%	270.4%
Total Liabilities	$1.841B	$2.651B	$3.602B	$4.472B	$4.707B	$4.078B	$2.587B	$798.9M
YoY Change	-30.53%	-26.41%	-19.47%	-4.98%	15.41%	57.66%	223.8%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	6.899M	6.840M	6.728M	6.754M
Diluted Shares Outstanding	6.899M	6.840M	6.728M	6.754M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $99.539 Million

About Sunlands Technology Group

Sunlands Technology Group operates as a holding company, which engages in online post-secondary and professional education. The company is headquartered in Beijing, Beijing and currently employs 2,113 full-time employees. The company went IPO on 2018-03-23. Through its subsidiary, Beijing Sunlands Online Education Technology Co., Ltd., The Company mainly provides the students with comprehensive online education services, including online live streaming audio-video interactive course content, recorded previous live audio-video course content, quiz banks, online chat rooms, and educational contents. The firm mainly operates its business in the domestic market.

Industry: Services-Educational Services Peers: Bright Scholar Education Holdings Ltd China Liberal Education Holdings Ltd 51Talk Online Education Group First High School Education Group Co Ltd Four Seasons Education (Cayman) Inc Meta Data Ltd Skillful Craftsman Education Technology Ltd Zhongchao Inc