New Oriental Piotroski F Score

EDU -  USA Stock  

USD 2.36  0.17  7.76%

This module uses fundamental data of New Oriental to approximate its Piotroski F score. New Oriental F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of New Oriental Education. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about New Oriental financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to New Oriental Altman Z Score, New Oriental Correlation, New Oriental Valuation, as well as analyze New Oriental Alpha and Beta and New Oriental Hype Analysis.

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Issuance Repayment of Debt Securities is likely to gain to about 18.5 M in 2021, whereas Total Debt is likely to drop slightly above 1.4 B in 2021. New Oriental Return on Sales is comparatively stable at the moment as compared to the past year. New Oriental reported Return on Sales of 0.14 in 2020. Sales per Share is likely to gain to 2.81 in 2021, whereas Dividends per Basic Common Share is likely to drop 0.049 in 2021.
At this time, it appears that New Oriental's Piotroski F Score is Strong. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
8.0
Piotroski F Score - Strong
1
Current Return On Assets
Positive
2
Change in Return on Assets
Increased
3
Cash Flow Return on Assets
Positive
4
Current Quality of Earnings (accrual)
Improving
5
Asset Turnover Growth
Increase
6
Current Ratio Change
Increase
7
Long Term Debt Over Assets Change
Lower Leverage
8
Change In Outstending Shares
Increase
9
Change in Gross Margin
Increase

New Oriental Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to New Oriental is to make sure New Oriental is not a subject of accounting manipulations and runs a healthy internal audit department. So, if New Oriental's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if New Oriental's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.9 B1.8 B
Fairly Up
Increasing
Slightly volatile
Weighted Average Shares Diluted1.9 B1.8 B
Fairly Up
Increasing
Slightly volatile
Net Cash Flow from Operations777.7 M925.1 M
Fairly Down
Increasing
Slightly volatile
Total Assets8.1 B7.5 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities4.6 B4.2 B
Significantly Up
Increasing
Slightly volatile
Current Assets4.7 B4.3 B
Significantly Up
Increasing
Slightly volatile
Current Liabilities3.1 B2.9 B
Significantly Up
Increasing
Slightly volatile
Total Debt1.4 B1.8 B
Significantly Down
Increasing
Slightly volatile
Return on Average Assets0.07240.0576
Significantly Up
Decreasing
Slightly volatile
Gross Margin0.510.5
Fairly Up
Decreasing
Slightly volatile
Asset Turnover0.560.5
Moderately Up
Decreasing
Slightly volatile

New Oriental Education F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between New Oriental's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards New Oriental in a much-optimized way.

About New Oriental Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Weighted Average Shares

1.87 BillionShare
New Oriental Weighted Average Shares is comparatively stable at the moment as compared to the past year. New Oriental reported Weighted Average Shares of 1.82 Billion in 2020

New Oriental Current Valuation Drivers

We derive many important indicators used in calculating different scores of New Oriental from analyzing New Oriental's financial statements. These drivers represent accounts that assess New Oriental's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of New Oriental's important valuation drivers and their relationship over time.
201620172018201920202021 (projected)
Average Assets2.67 B3.54 B4.21 B6.44 B7.41 B7.99 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA380.36 M434.46 M439.13 M703.16 M808.64 M872.48 M
Earnings Before Interest Taxes and Depreciation Amortization USD380.36 M434.46 M439.13 M703.16 M808.64 M872.48 M
Earnings before Tax325.08 M355.54 M323.78 M547.7 M629.85 M679.57 M
Average Equity1.58 B1.92 B2.1 B2.65 B3.04 B3.28 B
Enterprise Value10.75 B14.96 B12.77 B19.42 B22.34 B24.1 B
Free Cash Flow519.76 M571.33 M546.01 M519.38 M597.29 M536.89 M
Invested Capital1.06 B1.2 B1.22 B4.65 B5.34 B5.76 B
Invested Capital Average1.02 B1.13 B1.32 B4.28 B4.92 B5.31 B
Market Capitalization11.28 B15.69 B13.56 B18.94 B21.78 B23.5 B
Tangible Asset Value2.9 B3.93 B4.55 B6.46 B7.43 B8.02 B
Working Capital1.12 B1.19 B1.46 B1.28 B1.47 B1.28 B

About New Oriental Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze New Oriental Education's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of New Oriental using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of New Oriental Education based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
New Oriental Education Technology Group Inc. provides private educational services under the New Oriental brand in the Peoples Republic of China. The company was founded in 1993 and is headquartered in Beijing, the Peoples Republic of China. New Oriental operates under Education Training Services classification in the United States and is traded on New York Stock Exchange. It employs 69438 people.

New Oriental Investors Sentiment

The influence of New Oriental's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in New Oriental. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Current Sentiment - EDU

New Oriental Education Investor Sentiment

Greater number of Macroaxis users are currently bullish on New Oriental Education. What is your trading attitude regarding investing in New Oriental Education? Are you bullish or bearish?
Bullish
Bearish
98% Bullish
2% Bearish
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Pair Trading with New Oriental

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if New Oriental position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in New Oriental will appreciate offsetting losses from the drop in the long position's value.

New Oriental Pair Correlation

Equities Pair Trading Analysis

Correlation analysis and pair trading evaluation for New Oriental and Elite Education Group. Pair trading can be used as a hedging technique within a particular sector or industry or even over random equities to generate better risk-adjusted return
Run Pair Correlation  
Continue to New Oriental Altman Z Score, New Oriental Correlation, New Oriental Valuation, as well as analyze New Oriental Alpha and Beta and New Oriental Hype Analysis. Note that the New Oriental Education information on this page should be used as a complementary analysis to other New Oriental's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running New Oriental Education price analysis, check to measure New Oriental's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy New Oriental is operating at the current time. Most of New Oriental's value examination focuses on studying past and present price action to predict the probability of New Oriental's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move New Oriental's price. Additionally, you may evaluate how the addition of New Oriental to your portfolios can decrease your overall portfolio volatility.
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The market value of New Oriental Education is measured differently than its book value, which is the value of New Oriental that is recorded on the company's balance sheet. Investors also form their own opinion of New Oriental's value that differs from its market value or its book value, called intrinsic value, which is New Oriental's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because New Oriental's market value can be influenced by many factors that don't directly affect New Oriental Education underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between New Oriental's value and its price as these two are different measures arrived at by different means. Investors typically determine New Oriental value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, New Oriental's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.