New Oriental Education & Technology Group, Inc. (HK:9901)
:9901
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New Oriental Education & Technology Group
(9901)
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Rating:73Outperform
Price Target:
HK$39.00
▼(-15.80% Downside)
Action:Upgraded
Date:10/17/25
The overall stock score of 73 reflects a strong financial performance and positive technical indicators, suggesting a well-positioned company in the education and training services industry. The valuation is reasonable, though the lack of dividend yield may deter some investors. The absence of earnings call and corporate events data did not impact the score.
Positive Factors
Revenue growth and margin expansion
Consistent revenue growth (12% range) alongside a high gross margin (55.4%) and improved net margin (7.6%) indicate sustainable demand and pricing power in core non-compulsory offerings. This margin profile supports reinvestment and durable profitability as the company scales services.
Negative Factors
Regulatory-driven strategic pivot risk
The company's pivot from regulated K-12 tutoring into non-compulsory education and e-commerce is structural but execution-dependent. Building scale and margins in new segments takes time and faces strong competition; residual regulatory risk in China could still affect related education-adjacent activities.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth and margin expansion
Consistent revenue growth (12% range) alongside a high gross margin (55.4%) and improved net margin (7.6%) indicate sustainable demand and pricing power in core non-compulsory offerings. This margin profile supports reinvestment and durable profitability as the company scales services.
Read all positive factors
New Oriental Education & Technology Group (9901) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$58.59B
Dividend Yield1.07%
Average Volume (3M)5.98M
Price to Earnings (P/E)16.9
Beta (1Y)1.01
Revenue Growth12.18%
EPS Growth11.28%
CountryHK
Employees67,935
SectorConsumer Defensive
Sector Strength42
IndustryEducation & Training Services
Share Statistics
EPS (TTM)0.26
Shares Outstanding1,655,124,300
10 Day Avg. Volume6,522,014
30 Day Avg. Volume5,981,724
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.21
Price to Sales (P/S)0.16
P/FCF Ratio0.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$59.25Price Target Upside27.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
EPS Forecast (FY)3.34
Revenue Forecast (FY)HK$49.07B
New Oriental Education & Technology Group Business Overview & Revenue Model
Company Description
New Oriental Education & Technology Group Inc. is a prominent provider of private educational services operating under the "New Oriental" brand across the People's Republic of China. Its operations are broadly organized into segments focusing on K...
How the Company Makes Money
New Oriental primarily generates revenue by selling education services and products to individual learners, and by earning service and product sales revenue from its live-streaming e-commerce operations.
1) Education services revenue (core paid l...
New Oriental Education & Technology Group Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
80
Positive
| Breakdown | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 4.90B | 4.31B | 3.00B | 3.11B | 4.28B |
| Gross Profit | 2.72B | 2.26B | 1.59B | 1.35B | 2.24B |
| EBITDA | 595.37M | 600.96M | 312.75M | -834.02M | 383.73M |
| Net Income | 371.72M | 309.59M | 177.34M | -1.19B | 334.41M |
Balance Sheet | |||||
| Total Assets | 7.81B | 7.53B | 6.39B | 6.03B | 10.15B |
| Cash, Cash Equivalents and Short-Term Investments | 4.58B | 4.78B | 4.00B | 4.19B | 6.26B |
| Total Debt | 803.78M | 662.33M | 458.60M | 680.41M | 2.16B |
| Total Liabilities | 3.85B | 3.48B | 2.58B | 2.24B | 5.13B |
| Stockholders Equity | 3.66B | 3.78B | 3.60B | 3.71B | 4.91B |
Cash Flow | |||||
| Free Cash Flow | 896.59M | 839.25M | 827.96M | -1.43B | 693.74M |
| Operating Cash Flow | 896.59M | 1.12B | 971.01M | -1.28B | 1.13B |
| Investing Cash Flow | -93.43M | -1.15B | -37.41M | 1.17B | -2.18B |
| Financing Cash Flow | -584.97M | -160.44M | -246.87M | -230.86M | 1.65B |
New Oriental Education & Technology Group Technical Analysis
Negative
46.32
Price Trends
40.10
Negative
42.17
Negative
41.76
Negative
Market Momentum
-1.16
Negative
37.68
Neutral
32.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9901, the sentiment is Negative. The current price of 46.32 is above the 20-day moving average (MA) of 36.71, above the 50-day MA of 40.10, and above the 200-day MA of 41.76, indicating a bearish trend. The MACD of -1.16 indicates Negative momentum. The RSI at 37.68 is Neutral, neither overbought nor oversold. The STOCH value of 32.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9901.
New Oriental Education & Technology Group Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | HK$58.59B | 16.87 | 10.79% | 1.07% | 12.18% | 11.28% | |
72 Outperform | HK$2.42B | 7.23 | 37.38% | 5.86% | 72.87% | 54.16% | |
70 Outperform | HK$1.64B | 2.79 | 13.50% | 9.42% | 19.80% | -10.87% | |
64 Neutral | HK$5.10B | 5.70 | 4.58% | 9.49% | 8.65% | 142.58% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | HK$1.13B | 1.39 | 4.28% | ― | 3.44% | -1.43% | |
57 Neutral | HK$998.51M | 4.23 | 14.29% | ― | -4.13% | -16.44% |
* Consumer Defensive Sector Average
HK:9901
New Oriental Education & Technology Group
35.40
-0.52
-1.45%
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New Oriental Education & Technology Group Corporate Events
New Oriental Sets Timetable for Second Cash Dividend Amid Ongoing Buyback Plan
Apr 22, 2026
New Oriental Education Technology Group has declared a second installment ordinary cash dividend of USD 0.06 per share for the financial year ending 31 May 2026, payable in U.S. dollars through its Hong Kong share register. The company updated ke...
New Oriental Delivers Double-Digit Revenue and Profit Growth in Fiscal Q3 2026
Apr 22, 2026
New Oriental Education Technology Group reported strong unaudited results for the third fiscal quarter ended February 28, 2026, with total net revenues rising 19.8% year on year to US$1.42 billion and operating income jumping 44.8% to US$180.3 mi...
New Oriental Sets Board Meeting and Earnings Call for FY2026 Q3 Results
Apr 10, 2026
New Oriental Education Technology Group has scheduled a board meeting for April 21, 2026 to review and approve its unaudited financial results for the three months ended February 28, 2026. The company plans to release these quarterly figures befo...
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.