China Vocational Education Holdings Limited (HK:1756)
:1756
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China Vocational Education Holdings Limited
(1756)
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Rating:70Outperform
Price Target:
HK$0.57
▼(-9.21% Downside)
Action:Reiterated
Date:04/22/26
The score is supported mainly by solid financial performance (steady growth, strong margins, improving leverage) and very low valuation (P/E ~1.48). These positives are partly offset by weak technicals, with the stock in a clear downtrend and momentum deeply oversold, and by cash-flow quality that remains inconsistent versus reported earnings.
Positive Factors
Steady Revenue Growth
Multi-year top-line expansion shows durable demand for vocational programs and a stable enrollment base. Consistent revenue growth supports capacity utilization and planning, allowing the group to invest in curriculum and campuses while reducing dependency on one-off revenue sources.
Negative Factors
Inconsistent Cash Conversion
Cash conversion well below earnings and volatile free cash flow limit the firm’s ability to self-fund growth, capex, or distributions. Persistent gaps between reported profit and cash generation increase reliance on external funding and constrain durable financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Multi-year top-line expansion shows durable demand for vocational programs and a stable enrollment base. Consistent revenue growth supports capacity utilization and planning, allowing the group to invest in curriculum and campuses while reducing dependency on one-off revenue sources.
Read all positive factors
China Vocational Education Holdings Limited (1756) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$600.00M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)1.9
Beta (1Y)0.45
Revenue Growth12.52%
EPS Growth-33.22%
CountryHK
Employees3,498
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)0.38
Shares Outstanding1,200,000,000
10 Day Avg. Volume442,800
30 Day Avg. Volume1,288,233
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.16
Price to Sales (P/S)0.47
P/FCF Ratio2.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
China Vocational Education Holdings Limited Business Overview & Revenue Model
Company Description
China Vocational Education Holdings Limited, an investment holding company, provides private higher education and vocational education services in the People's Republic of China. It offers applied science-focused and practice-oriented programs. Th...
How the Company Makes Money
The company primarily makes money by charging tuition and other education-related fees to students enrolled at its vocational schools/colleges. Revenue is generally derived from (i) tuition fees for academic-year programs, (ii) accommodation/board...
China Vocational Education Holdings Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.43B | 1.27B | 1.08B | 907.76M | 881.66M |
| Gross Profit | 714.77M | 666.32M | 624.60M | 482.15M | 470.51M |
| EBITDA | 814.45M | 798.55M | 682.45M | 541.39M | 350.71M |
| Net Income | 453.31M | 451.09M | 393.05M | 259.78M | 143.46M |
Balance Sheet | |||||
| Total Assets | 7.97B | 7.50B | 7.27B | 6.67B | 6.33B |
| Cash, Cash Equivalents and Short-Term Investments | 974.64M | 840.88M | 985.51M | 803.85M | 887.20M |
| Total Debt | 2.06B | 2.24B | 2.45B | 2.45B | 2.32B |
| Total Liabilities | 3.66B | 3.68B | 3.91B | 3.77B | 3.64B |
| Stockholders Equity | 4.30B | 3.82B | 3.37B | 2.90B | 2.69B |
Cash Flow | |||||
| Free Cash Flow | 302.89M | 91.61M | 126.79M | -97.98M | -438.95M |
| Operating Cash Flow | 775.46M | 677.38M | 696.89M | 507.46M | 709.53M |
| Investing Cash Flow | -472.55M | -585.57M | -569.42M | -593.76M | -1.15B |
| Financing Cash Flow | -177.15M | -236.42M | 54.34M | 9.62M | 475.17M |
China Vocational Education Holdings Limited Technical Analysis
Negative
0.63
Price Trends
0.55
Negative
0.59
Negative
0.63
Negative
Market Momentum
-0.01
Positive
32.40
Neutral
38.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1756, the sentiment is Negative. The current price of 0.63 is above the 20-day moving average (MA) of 0.52, above the 50-day MA of 0.55, and below the 200-day MA of 0.63, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 32.40 is Neutral, neither overbought nor oversold. The STOCH value of 38.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1756.
China Vocational Education Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$1.32B | 1.61 | 17.52% | 10.76% | 6.22% | 7.79% | |
72 Outperform | HK$2.54B | 9.24 | 37.07% | 5.86% | 72.87% | 54.16% | |
71 Outperform | HK$1.45B | 1.73 | 17.32% | 4.65% | 9.97% | 8.54% | |
70 Outperform | HK$600.00M | 1.86 | 7.04% | ― | 12.52% | -33.22% | |
64 Neutral | HK$5.63B | 4.68 | 10.16% | 9.49% | 8.65% | 142.58% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
51 Neutral | HK$241.45M | -5.83 | -3.49% | 11.00% | 15.94% | -168.02% |
* Consumer Defensive Sector Average
HK:1756
China Vocational Education Holdings Limited
0.50
-0.08
-13.79%
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China Vocational Education Holdings Limited Corporate Events
China Science and Education Industry Group Schedules Board Meeting on Interim Results and Dividend
Apr 16, 2026
China Science and Education Industry Group Limited has scheduled a board meeting for April 28, 2026 to review and approve the interim results for the six months ended February 28, 2026. The board will also consider whether to recommend an interim ...
China Science and Education Industry Group warns of sharp interim profit decline
Apr 15, 2026
China Science and Education Industry Group Limited has warned that profit attributable to shareholders for the six months ended 28 February 2026 is expected to fall by 60% to 70% from RMB234.3 million a year earlier. The decline is mainly driven b...
China Science and Education Industry Group Shareholders Approve All AGM Resolutions, Confirming Board and Auditor
Jan 23, 2026
China Science and Education Industry Group Limited announced that all resolutions proposed at its annual general meeting held on 23 January 2026 were duly passed by shareholders by way of poll, with 1.2 billion issued shares entitled to vote and n...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.