Tal Education Group - Understand $tal stock

$TAL Market Cap: $6.274 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$1.837B

TTM

Gross Margin

53.64%

TTM

Net Earnings

$72.40M

TTM

Current Assets

$3.956B

Q3 2024

Current Liabilities

$1.294B

Q3 2024

Current Ratio

305.69%

Q3 2024

Total Assets

$5.341B

Q3 2024

Total Liabilities

$1.583B

Q3 2024

Book Value

$3.758B

Q3 2024

Cash

$2.086B

Q3 2024

P/E

86.66

Nov 29, 2024 EST

Free Cash Flow

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$1.490B	$1.020B	$4.391B	$4.496B	$3.273B	$2.563B	$1.715B	$1.043B	$619.9M	$434.0M	$313.9M	$225.9M	$177.5M	$110.6M	$69.30M	$37.20M	$8.900M
YoY Change	46.15%	-76.78%	-2.33%	37.35%	27.71%	49.45%	64.41%	68.27%	42.83%	38.26%	38.96%	27.27%	60.49%	59.6%	86.29%	317.98%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	$1.490B	$1.020B	$4.391B	$4.496B	$3.273B	$2.563B	$1.715B	$1.043B	$619.9M	$434.0M	$313.9M	$225.9M	$177.5M	$110.6M	$69.30M	$37.20M	$8.900M
Cost Of Revenue	$684.3M	$436.4M	$2.203B	$2.049B	$1.469B	$1.165B	$882.3M	$522.3M	$303.6M	$203.1M	$151.5M	$115.7M	$95.60M	$56.10M	$37.40M	$18.20M	$4.400M
Gross Profit	$806.1M	$583.4M	$2.188B	$2.447B	$1.805B	$1.399B	$832.7M	$520.8M	$316.3M	$230.9M	$162.4M	$110.2M	$81.90M	$54.40M	$31.90M	$19.00M	$4.500M
Gross Profit Margin	54.09%	57.21%	49.82%	54.43%	55.13%	54.56%	48.55%	49.93%	51.02%	53.2%	51.74%	48.78%	46.14%	49.19%	46.03%	51.08%	50.56%

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Selling, General & Admin	$891.8M	$696.8M	$2.318B	$2.797B	$1.648B	$1.064B	$628.4M	$389.3M	$234.6M	$164.1M	$106.1M	$78.80M	$61.00M	$29.00M	$16.40M	$8.200M	$2.800M
YoY Change	27.98%	-69.94%	-17.14%	69.77%	54.91%	69.27%	61.42%	65.94%	42.96%	54.67%	34.64%	29.18%	110.34%	76.83%	100.0%	192.86%
% of Gross Profit	110.63%	119.44%	105.96%	114.31%	91.31%	76.06%	75.47%	74.75%	74.17%	71.07%	65.33%	71.51%	74.48%	53.31%	51.41%	43.16%	62.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$23.75M	$35.29M	$185.3M	$161.0M	$115.2M	$88.90M	$59.20M	$33.50M	$19.20M	$12.40M	$10.00M	$7.300M	$5.700M	$3.500M	$2.100M	$1.000M	$100.0K
YoY Change	-32.7%	-80.95%	15.07%	39.76%	29.58%	50.17%	76.72%	74.48%	54.84%	24.0%	36.99%	28.07%	62.86%	66.67%	110.0%	900.0%
% of Gross Profit	2.95%	6.05%	8.47%	6.58%	6.38%	6.36%	7.11%	6.43%	6.07%	5.37%	6.16%	6.62%	6.96%	6.43%	6.58%	5.26%	2.22%
Operating Expenses	$875.4M	$696.8M	$2.297B	$2.778B	$1.638B	$1.057B	$623.7M	$386.2M	$231.3M	$163.6M	$105.0M	$78.20M	$60.70M	$28.90M	$16.50M	$8.300M	$2.800M
YoY Change	25.62%	-69.66%	-17.31%	69.56%	55.0%	69.46%	61.5%	66.97%	41.38%	55.81%	34.27%	28.83%	110.03%	75.15%	98.8%	196.43%
Operating Profit	-$69.23M	-$90.73M	-$109.5M	-$330.6M	$166.5M	$341.6M	$209.0M	$134.6M	$85.00M	$67.30M	$57.40M	$32.00M	$21.20M	$25.50M	$15.40M	$10.70M	$1.700M
YoY Change	-23.7%	-17.12%	-66.89%	-298.56%	-51.26%	63.44%	55.27%	58.35%	26.3%	17.25%	79.38%	50.94%	-16.86%	65.58%	43.93%	529.41%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Interest Expense	$84.93M	$61.56M	$95.31M	$97.30M	$61.20M	$42.00M	$23.20M	$5.000M	$61.90M	$12.00M	$9.800M	$5.300M	$3.500M	$1.300M	$300.0K	$100.0K	$0.00
YoY Change	37.95%	-35.41%	-2.05%	58.99%	45.71%	81.03%	364.0%	-91.92%	415.83%	22.45%	84.91%	51.43%	169.23%	333.33%	200.0%
% of Operating Profit					36.76%	12.3%	11.1%	3.71%	72.82%	17.83%	17.07%	16.56%	16.51%	5.1%	1.95%	0.93%	0.0%
Other Income/Expense, Net	$48.77M	-$82.42M	$16.95M	$140.9M	-$95.30M	$131.7M	$17.40M	$23.10M	-$2.500M	-$2.000M	$100.0K	$800.0K	$4.200M	$0.00	-$100.0K	-$100.0K	$0.00
YoY Change	-159.17%	-586.23%	-87.97%	-247.85%	-172.36%	656.9%	-24.68%	-1024.0%	25.0%	-2100.0%	-87.5%	-80.95%		-100.0%	0.0%

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Pretax Income	$17.48M	-$109.7M	-$778.1M	-$224.6M	-$50.70M	$457.2M	$247.0M	$154.6M	$136.9M	$77.20M	$67.30M	$37.50M	$28.50M	$27.00M	$15.60M	$9.500M	$1.700M
YoY Change	-115.93%	-85.9%	246.45%	343.0%	-111.09%	85.1%	59.77%	12.93%	77.33%	14.71%	79.47%	31.58%	5.56%	73.08%	64.21%	458.82%
Income Tax	$15.38M	$20.01M	$397.0M	-$69.90M	$69.30M	$76.50M	$44.70M	$34.10M	$33.50M	$9.400M	$6.700M	$4.100M	$4.200M	$2.600M	$1.400M	$2.000M	$200.0K
% Of Pretax Income	87.97%					16.73%	18.1%	22.06%	24.47%	12.18%	9.96%	10.93%	14.74%	9.63%	8.97%	21.05%	11.76%
Net Earnings	-$3.573M	-$135.6M	-$1.136B	-$116.0M	-$110.2M	$367.2M	$198.4M	$116.9M	$102.9M	$67.20M	$60.60M	$33.40M	$24.30M	$24.00M	$14.20M	$7.300M	$1.500M
YoY Change	-97.37%	-88.06%	879.41%	5.26%	-130.01%	85.08%	69.72%	13.61%	53.13%	10.89%	81.44%	37.45%	1.25%	69.01%	94.52%	386.67%
Net Earnings / Revenue	-0.24%	-13.3%	-25.87%	-2.58%	-3.37%	14.33%	11.57%	11.21%	16.6%	15.48%	19.31%	14.79%	13.69%	21.7%	20.49%	19.62%	16.85%
Basic Earnings Per Share	-$0.02	-$0.64	-$5.29	-$0.57
Diluted Earnings Per Share	-$0.02	-$0.64	-$5.289M	-$569.7K	-$556.0K	$1.834M	$1.021M	$620.2K	$562.0K	$410.8K	$380.2K	$213.3K	$155.9K	$176.0K	$113.6K	$60.83K	$12.50K

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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$3.303B	$3.172B	$2.709B	$5.938B	$2.219B	$1.516B	$1.499B	$700.0M	$479.0M	$492.0M	$270.0M	$185.0M	$189.0M	$174.0M	$53.00M	$30.00M
YoY Change	4.16%	17.09%	-54.38%	167.6%	46.37%	1.13%	114.14%	46.14%	-2.64%	82.22%	45.95%	-2.12%	8.62%	228.3%	76.67%
Cash & Equivalents	$2.209B	$2.022B	$1.638B	$3.243B	$1.874B	$1.247B	$712.0M	$470.0M	$434.0M	$470.0M	$270.0M	$185.0M	$189.0M	$173.0M	$51.00M	$30.00M
Short-Term Investments	$1.095B	$1.150B	$1.071B	$2.695B	$345.0M	$268.0M	$787.0M	$229.0M	$45.00M	$22.00M	$0.00	$0.00	$0.00	$0.00	$2.000M	$0.00
Other Short-Term Assets	$327.2M	$175.3M	$824.2M	$2.022B	$112.0M	$119.0M	$103.0M	$65.00M	$29.00M	$28.00M	$17.00M	$37.00M	$19.00M	$30.00M	$3.000M	$1.000M
YoY Change	86.57%	-78.72%	-59.24%	1705.36%	-5.88%	15.53%	58.46%	124.14%	3.57%	64.71%	-54.05%	94.74%	-36.67%	900.0%	200.0%
Inventory	$68.33M	$39.00M	$21.83M	$39.00M	$26.00M	$8.000M	$5.000M	$3.000M	$1.000M	$1.000M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Prepaid Expenses
Receivables	$343.0K	$45.25M	$26.49M	$29.00M	$46.00M	$54.00M	$3.000M	$3.000M	$3.000M	$0.00					$0.00	$0.00
Other Receivables	$0.00	$37.27M	$48.19M	$130.0M	$92.00M	$49.00M	$52.00M	$100.0M	$5.000M	$19.00M					$0.00	$0.00
Total Short-Term Assets	$3.699B	$3.468B	$3.629B	$8.157B	$2.496B	$1.746B	$1.662B	$871.0M	$516.0M	$539.0M	$300.0M	$226.0M	$210.0M	$205.0M	$56.00M	$32.00M
YoY Change	6.65%	-4.44%	-55.51%	226.8%	42.96%	5.05%	90.82%	68.8%	-4.27%	79.67%	32.74%	7.62%	2.44%	266.07%	75.0%
Property, Plant & Equipment	$636.4M	$437.9M	$508.3M	$2.057B	$1.815B	$288.0M	$247.0M	$154.0M	$115.0M	$94.00M	$79.00M	$76.00M	$77.00M	$8.000M	$5.000M	$2.000M
YoY Change	45.34%	-13.85%	-75.29%	13.33%	530.21%	16.6%	60.39%	33.91%	22.34%	18.99%	3.95%	-1.3%	862.5%	60.0%	150.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$284.3M	$453.4M	$414.5M	$668.0M	$572.0M	$851.0M	$598.0M	$348.0M	$274.0M	$97.00M	$27.00M	$5.000M
YoY Change	-37.3%	9.38%	-37.95%	16.78%	-32.78%	42.31%	71.84%	27.01%	182.47%	259.26%	440.0%
Other Assets	$306.0M	$363.9M	$528.0M	$671.0M	$251.0M	$360.0M	$213.0M	$151.0M	$53.00M	$26.00M	$11.00M	$6.000M	$7.000M	$3.000M	$2.000M	$1.000M
YoY Change	-15.89%	-31.09%	-21.31%	167.33%	-30.28%	69.01%	41.06%	184.91%	103.85%	136.36%	83.33%	-14.29%	133.33%	50.0%	100.0%
Total Long-Term Assets	$1.229B	$1.256B	$1.453B	$3.955B	$3.075B	$1.989B	$1.393B	$958.0M	$545.0M	$233.0M	$128.0M	$90.00M	$85.00M	$13.00M	$10.00M	$7.000M
YoY Change	-2.16%	-13.57%	-63.26%	28.62%	54.6%	42.79%	45.41%	75.78%	133.91%	82.03%	42.22%	5.88%	553.85%	30.0%	42.86%
Total Assets	$4.928B	$4.724B	$5.083B	$12.11B	$5.571B	$3.735B	$3.055B	$1.829B	$1.061B	$772.0M	$428.0M	$316.0M	$295.0M	$218.0M	$66.00M	$39.00M
YoY Change
Accounts Payable	$127.4M	$60.09M	$90.04M	$357.0M	$122.0M	$131.0M	$66.00M	$26.00M	$15.00M	$5.000M	$2.000M	$2.000M	$3.000M	$1.000M	$1.000M	$0.00
YoY Change	112.04%	-33.26%	-74.78%	192.62%	-6.87%	98.48%	153.85%	73.33%	200.0%	150.0%	0.0%	-33.33%	200.0%	0.0%
Accrued Expenses	$554.5M	$370.9M	$464.7M	$1.003B	$639.0M	$220.0M	$180.0M	$91.00M	$51.00M	$33.00M	$21.00M	$13.00M	$13.00M	$7.000M	$5.000M	$3.000M
YoY Change	49.5%	-20.19%	-53.67%	56.96%	190.45%	22.22%	97.8%	78.43%	54.55%	57.14%	61.54%	0.0%	85.71%	40.0%	66.67%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due			$0.00	$270.0M	$0.00	$215.0M
YoY Change			-100.0%		-100.0%
Total Short-Term Liabilities	$1.082B	$783.9M	$902.6M	$3.374B	$1.807B	$1.184B	$1.133B	$667.0M	$383.0M	$233.0M	$167.0M	$124.0M	$104.0M	$63.00M	$38.00M	$26.00M
YoY Change	38.06%	-13.15%	-73.25%	86.72%	52.62%	4.5%	69.87%	74.15%	64.38%	39.52%	34.68%	19.23%	65.08%	65.79%	46.15%
Long-Term Debt	$0.00	$0.00	$0.00	$2.300B	$262.0M	$0.00	$236.0M	$450.0M	$228.0M	$226.0M	$0.00	$0.00	$0.00	$0.00	$1.000M	$0.00
YoY Change			-100.0%	777.86%		-100.0%	-47.56%	97.37%	0.88%					-100.0%
Other Long-Term Liabilities	$204.6M	$118.0M	$176.0M	$1.224B	$951.0M	$3.000M	$25.00M	$18.00M	$8.000M	$0.00	$1.000M				$0.00	$0.00
YoY Change	73.38%	-32.95%	-85.62%	28.71%	31600.0%	-88.0%	38.89%	125.0%		-100.0%
Total Long-Term Liabilities	$204.6M	$118.0M	$176.0M	$3.524B	$1.213B	$3.000M	$261.0M	$468.0M	$236.0M	$226.0M	$1.000M	$0.00	$0.00	$0.00	$1.000M	$0.00
YoY Change	73.38%	-32.95%	-95.01%	190.52%	40333.33%	-98.85%	-44.23%	98.31%	4.42%	22500.0%				-100.0%
Total Liabilities	$1.266B	$879.7M	$1.052B	$6.910B	$3.056B	$1.251B	$1.434B	$1.185B	$624.0M	$459.0M	$168.0M	$125.0M	$105.0M	$63.00M	$39.00M	$26.00M
YoY Change	43.89%	-16.41%	-84.77%	126.11%	144.28%	-12.76%	21.01%	89.9%	35.95%	173.21%	34.4%	19.05%	66.67%	61.54%	50.0%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021
Basic Shares Outstanding	203.3M	212.6M	214.8M	203.6M
Diluted Shares Outstanding	203.3M	212.6M	214.8M	203.6M
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: $6.2736 Billion

About TAL Education Group

TAL Education Group is a holding company, which engages in the provision of after-school tutoring programs for primary and secondary school students. The company is headquartered in Beijing, Beijing and currently employs 15,000 full-time employees. The company went IPO on 2010-10-20. The firm mainly offer tutoring services to kindergarten through twelfth grade (K-12) students covering core academic subjects, including among others, mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. The company also provides consulting services for overseas studies and preparation courses for major standardized tests, as well as operate several online community platforms including www.jzb.com (together with the Jiazhang Bang application (app)) and www.mmbang.com (together with the Mama Bang app). The Company’s main brands are Xueersi, Mobby, Firstleap, Izhikang and Shunshun Liuxue. The firm mainly operates its businesses in Mainland China and Hong Kong.

Industry: Services-Educational Services Peers: New Oriental Education & Technology Group Inc.