AllAnalyst Report
logoMorningstarFebruary 03, 2021

New Oriental Education & Technology Group Inc.: New Oriental Education Expects Recovery Amid Recent Scattered Coronavirus Incidents

Symbols
EDU
Sector(s)
Consumer Defensive
Rating
Current Price
$12.20
Fair Value
Economic Moat
Stewardship
Summary

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.

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Analyst Profile

Jenny Tsai

Senior Equity Analyst
Jenny Tsai is a senior equity analyst for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. She covers the China education sector with experience in IPOs.Before joining Morningstar in 2019, Tsai spent more than eight years working for BNP Paribas, conducting Greater China consumers and China education research. Prior to that, she was an analyst for Morgan Stanley for three years covering non-technology companies, and a junior analyst for Goldman Sachs for 3.5 years, covering the Taiwan TFT-LCD and DRAM sector.Tsai holds a bachelor's degree in finance from the University of San Francisco. She also holds a master's degree in finance from Tamkang University.