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New Oriental Education & Technology Group Inc ADR - Stock Quote EDU

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Morningstar's New Oriental Education & Technology Group Inc ADR Stock Analysis

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New Oriental Reports Third-Quarter Results, Sets Out New Business Initiatives

Business Strategy and Outlook

| Cheng Wang, CFA, FRM, CAIA |

New Oriental Education, or EDU, is a large-scale leading provider of private tutoring in China. EDU offers a diversified portfolio of educational programs, services, and products to students in different areas. Not only does EDU offer K-12 after-school tutoring, but EDU also offers other test preparations for both overseas and domestic examinations. In nonacademic fields, EDU offers adult English and other languages, and it also provides services in vocational training, such as corporate training, marketing, accounting, human resources, IT and PRC Bar. EDU has been able to raise its fees via new students or new programs to cover rising costs, driving an improving margin as utilization and operational efficiency continues to improve. In the last fiscal quarter, EDU was able to raise prices of different courses. The hourly blended average selling price, or ASP, (cash revenue divided by total teaching hours) increased by approximately 3% to 7% year over year in yuan terms.

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Key Statistics - EDU

New Oriental Education & Technology Group Inc ADR's Company Profile

Business Description

EDU, founded in 1993, is the largest well-established one-stop shopping private educational services provider in China. EDU has had over 52.8 million student enrollments, including about 8.4 million enrollments in fiscal 2019. As of third-quarter fiscal 2020, EDU had a network of 1,416 learning centers, including 99 schools, 12 bookstores and access to a national network of online and offline bookstores through 160 third-party distributors and over 38,400 highly qualified teachers in 86 cities. EDU offers a diversified portfolio of educational programs, services and products to students in different age groups, including K-12 after-school tutoring for major academic subjects, overseas and domestic test preparations, nonacademic languages and services in vocational training, and so on.

Contact
No. 6 Hai Dian Zhong Street, Haidian District
Beijing, 100080, China, People's Republic of
T +86 1060908000
Industry Education & Training Services
Most Recent Earnings Feb 28, 2022
Fiscal Year End May 31, 2022
Stock Type
Employees 105,212

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