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New Oriental Education & Technology Group Inc ADR

EDU: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$62.00WmgktSynzwmwnm

New Oriental's Capacity Expansion Accelerates

Business Strategy and Outlook

After terminating its K-9 academic tutoring in 2021, New Oriental identified a few new business initiatives, such as nonacademic tutoring and intelligent learning systems and devices. We are positive on these initiatives given New Oriental’s expertise in after-school tutoring and curriculum development. The new businesses accounted for only about 17% of revenue in fiscal 2023 but growth is robust. We project a 27% revenue contribution by fiscal 2028.

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