China Vocational Education Holdings Limited (HK:1756)
:1756
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China Vocational Education Holdings Limited
(1756)
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Rating:72Outperform
Price Target:
HK$0.69
▲(9.21% Upside)
Action:ReiteratedDate:02/19/26
The score is driven primarily by solid fundamentals (steady growth, strong profitability, and improving leverage), supported by very attractive valuation (low P/E). This is partially offset by weaker technical signals (negative MACD and price below longer-term averages) and cash-flow consistency concerns.
Positive Factors
Steady Revenue Growth
Multi-year top-line expansion demonstrates durable demand for the group's vocational programs and supports predictable tuition cash flows. Consistent revenue growth enables better capacity planning, incremental investment in campus quality and program offerings, and underpins long-term margin recovery even as near-term growth varies.
Negative Factors
Inconsistent Cash Conversion
Sub‑1:1 cash conversion indicates reported profits do not fully translate to free cash, constraining organic funding for capex, debt paydown, or shareholder returns. Historical FCF volatility (negative in 2020–2022) increases reinvestment and liquidity risk, forcing reliance on balance sheet actions during weaker cash years.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Multi-year top-line expansion demonstrates durable demand for the group's vocational programs and supports predictable tuition cash flows. Consistent revenue growth enables better capacity planning, incremental investment in campus quality and program offerings, and underpins long-term margin recovery even as near-term growth varies.
Read all positive factors
China Vocational Education Holdings Limited (1756) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$696.00M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)1.5
Beta (1Y)0.41
Revenue Growth13.88%
EPS Growth1.52%
CountryHK
Employees3,498
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)N/A
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 makes money through tuition fees collected from students enrolled in its vocational training programs. Its revenue model is primarily based on the number of enrolled students and the duration of the courses offered. Additionally, China...
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
Neutral
0.63
Price Trends
0.60
Negative
0.63
Negative
0.65
Negative
Market Momentum
>-0.01
Negative
46.27
Neutral
75.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1756, the sentiment is Neutral. The current price of 0.63 is above the 20-day moving average (MA) of 0.57, above the 50-day MA of 0.60, and below the 200-day MA of 0.65, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 46.27 is Neutral, neither overbought nor oversold. The STOCH value of 75.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | HK$2.06B | 8.99 | 15.10% | ― | 1.40% | -15.24% | |
72 Outperform | HK$696.00M | 1.48 | 10.92% | ― | 13.88% | 1.52% | |
72 Outperform | HK$820.38M | 0.84 | 9.71% | 11.09% | 0.87% | 9.69% | |
72 Outperform | HK$282.81M | -5.98 | -3.49% | 11.00% | 15.28% | -23.69% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
56 Neutral | HK$632.66M | -33.76 | -2.14% | 5.30% | -20.92% | -121.60% |
* Consumer Defensive Sector Average
HK:1756
China Vocational Education Holdings Limited
0.58
0.01
1.75%
HK:1565
Virscend Education Company Limited
0.20
>-0.01
-2.49%
HK:1569
Minsheng Education Group Co. Ltd.
0.15
<0.01
4.17%
HK:1851
China Gingko Education Group Co., Ltd.
4.12
3.48
543.75%
HK:2779
China Xinhua Education Group Limited
0.51
0.00
0.00%
HK:6913
South China Vocational Education Group Co., Ltd.
0.21
-0.04
-15.20%
China Vocational Education Holdings Limited Corporate Events
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...
China Science and Education Industry Group Corrects Finance Expense and Related-Party Figures in 2025 Results
Dec 24, 2025
China Science and Education Industry Group Limited has issued a clarification regarding its previously published annual results for the year ended 31 August 2025 and its 2025 annual report, citing inadvertent clerical errors in certain finance-rel...
China Science and Education Industry Group Sets January 2026 AGM to Approve Accounts, Board Changes and Share Mandate
Dec 18, 2025
China Science and Education Industry Group Limited has convened its annual general meeting for 23 January 2026 in Guangzhou, where shareholders will be asked to approve the audited consolidated financial statements for the year ended 31 August 202...
China Science and Education Industry Group Limited Reports 14% Revenue Growth Amid Rising Costs
Nov 24, 2025
China Science and Education Industry Group Limited reported its annual results for the year ending August 31, 2025, showing a revenue increase of 14% to RMB1,445.4 million, driven by higher student enrollment and tuition fees. Despite a rise in gr...
China Science and Education Industry Group Announces Key Management Changes
Nov 24, 2025
China Science and Education Industry Group Limited has announced the resignation of Mr. Cheung Kai Cheong Willie from his roles as company secretary, authorised representative, and process agent, effective November 24, 2025. The company has appoin...
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.