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Bright Scholar Education Holdings Limited (BEDU) 10-Year Financial Performance & Capital Metrics

BEDU • • Industrial / General
Consumer DefensiveEducation & TrainingK-12 Education ServicesK-12 Private Schools & Bilingual Education
AboutBright Scholar Education Holdings Limited, an education service provider, operates and provides K-12 schools and complementary education services in China, Canada, the United states, and the United Kingdom. Its schools comprise international and bilingual schools, and kindergartens. The company also offers a range of complementary education services, including camps and after-school programs, as well as international education consulting services. It operated 95 schools across 12 provinces in China, as well as 14 schools internationally with a total student capacity of approximately 56,000 students. The company was founded in 1994 and is based in Foshan, China.Show more
  • Revenue $1.76B -17.4%
  • EBITDA -$757M -637.7%
  • Net Income -$996M -152.1%
  • EPS (Diluted) -134.32 -152.1%
  • Gross Margin 28.69% +2.0%
  • EBITDA Margin -43.15% -792.6%
  • Operating Margin -46.74% -432.1%
  • Net Margin -56.76% -205.1%
  • ROE -91.5% -361.4%
  • ROIC -27.75% -498.0%
  • Debt/Equity 2.49 +137.7%
  • Interest Coverage -623.91 -2363.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Trading near 52-week high
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.5x
  • ✗Sales declining 7.3% over 5 years

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.55%
5Y-7.29%
3Y7.78%
TTM-47.93%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-212.64%

EPS CAGR

10Y-
5Y-
3Y-
TTM-243.58%

ROCE

10Y Avg-25.44%
5Y Avg-11.17%
3Y Avg-17.29%
Latest-31.66%

Peer Comparison

K-12 Private Schools & Bilingual Education
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
BEDUBright Scholar Education Holdings Limited17.48M2.25-0.02-17.35%-90.92%-14.03%100%2.49
GSUNGolden Sun Education Group Limited11.98M1.41-0.7565.04%-36.15%-154.82%10.96

Profit & Loss

Aug 2015Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024
Sales/Revenue+745.85M1.04B1.33B1.72B2.56B3.37B1.4B1.44B2.12B1.76B
Revenue Growth %0.27%0.39%0.28%0.29%0.49%0.31%-0.58%0.03%0.48%-0.17%
Cost of Goods Sold+655.6M736.21M860.33M1.09B1.59B2.14B1.18B1.24B1.53B1.25B
COGS % of Revenue0.88%0.71%0.65%0.63%0.62%0.64%0.84%0.86%0.72%0.71%
Gross Profit+90.25M304.12M468.04M628.28M976.99M1.22B221.52M478.11M597.33M503.59M
Gross Margin %0.12%0.29%0.35%0.37%0.38%0.36%0.16%0.33%0.28%0.29%
Gross Profit Growth %0.05%2.37%0.54%0.34%0.56%0.25%-0.82%1.16%0.25%-0.16%
Operating Expenses+160.84M285.81M253.1M356.11M676.47M832.49M510.91M534.55M783.91M1.32B
OpEx % of Revenue0.22%0.27%0.19%0.21%0.26%0.25%0.36%0.37%0.37%0.75%
Selling, General & Admin166.08M290.1M261.97M368.14M691.9M871.15M535.88M539.89M617.18M469.05M
SG&A % of Revenue0.22%0.28%0.2%0.21%0.27%0.26%0.38%0.38%0.29%0.27%
Research & Development0000000000
R&D % of Revenue----------
Other Operating Expenses-455K-457K-779K-4.8M-15.44M-38.66M-24.97M-5.34M166.73M854.98M
Operating Income+-70.58M18.31M214.94M272.16M152.29M166.62M-389.7M-632.59M-186.58M-820.44M
Operating Margin %-0.09%0.02%0.16%0.16%0.06%0.05%-0.28%-0.44%-0.09%-0.47%
Operating Income Growth %-0.97%1.26%10.74%0.27%-0.44%0.09%-3.34%-0.62%0.71%-3.4%
EBITDA+-13.47M90.4M293M358.04M283.11M364.04M-167.96M-516.66M-102.66M-757.36M
EBITDA Margin %-0.02%0.09%0.22%0.21%0.11%0.11%-0.12%-0.36%-0.05%-0.43%
EBITDA Growth %-4.59%7.71%2.24%0.22%-0.21%0.29%-1.46%-2.08%0.8%-6.38%
D&A (Non-Cash Add-back)57.11M72.09M78.06M85.88M130.82M197.43M221.74M115.93M83.92M63.09M
EBIT-70.58M18.31M214.94M272.16M-190.83M-111.03M-304.16M-477.03M-193.2M-826.97M
Net Interest Income+1.81M2.15M4.9M27.3M19.68M-162.91M-169.69M8.32M-7.37M-1.31M
Interest Income000033.86M108.75M07.47M00
Interest Expense1.81M2.15M4.9M27.3M00169.69M07.37M1.31M
Other Income/Expense1.35M2.5M17.84M44.16M28.83M-119.11M-51.27M752K13.64M-15.72M
Pretax Income+-69.23M20.8M232.78M316.32M333.58M243.76M-439.95M-631.84M-172.95M-836.16M
Pretax Margin %-0.09%0.02%0.18%0.18%0.13%0.07%-0.31%-0.44%-0.08%-0.48%
Income Tax+-29.32M17.89M40.97M67.38M80.58M78.99M94.18M55.14M185.92M32.91M
Effective Tax Rate %0.58%-1.75%0.74%0.78%0.72%0.66%0.12%1.12%2.28%1.19%
Net Income+-40.08M-36.37M172.05M246.97M241.1M161M-52.8M-709.34M-395.13M-996.28M
Net Margin %-0.05%-0.03%0.13%0.14%0.09%0.05%-0.04%-0.49%-0.19%-0.57%
Net Income Growth %-0.22%0.09%5.73%0.44%-0.02%-0.33%-1.33%-12.43%0.44%-1.52%
Net Income (Continuing)-39.91M2.92M191.81M248.9M-227.15M0-535.15M-686.98M-358.86M-869.07M
Discontinued Operations0000479.91M471.5M369.34M-22.99M-35.45M-163.79M
Minority Interest5.54M44.83M3.33M170.02M361.83M386.45M260.05M225.64M155.05M89.3M
EPS (Diluted)+-6.92-6.0026.2432.3231.5221.44-0.80-92.52-53.28-134.32
EPS Growth %-0.22%0.13%5.37%0.23%-0.02%-0.32%-1.04%-114.65%0.42%-1.52%
EPS (Basic)-6.92-6.0826.2432.3631.243.04-0.80-92.52-48.48-114.84
Diluted Shares Outstanding5.79M6.06M6.55M7.64M7.65M7.51M7.45M7.42M7.42M7.42M
Basic Shares Outstanding5.79M5.98M6.56M7.64M7.72M7.51M7.45M7.67M8.15M8.68M
Dividend Payout Ratio-----1.14%----

Balance Sheet

Aug 2015Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024
Total Current Assets+564.08M572.04M1.95B3.24B3.76B4.7B3.69B1.19B927.4M663.77M
Cash & Short-Term Investments240.68M386.52M1.89B3.15B3.49B3.39B844.68M676.72M425.4M493.38M
Cash Only240.68M356.02M1.88B3.15B3.25B3.38B844.68M664.77M410.09M493.38M
Short-Term Investments030.5M6.39M0241.27M13.7M011.95M15.31M0
Accounts Receivable2.43M9.33M3.11M2.06M103.87M83.69M235.26M27.31M19.21M18.79M
Days Sales Outstanding1.193.270.860.4414.799.0761.266.933.33.91
Inventory8.49M9.58M8.6M9.17M26.23M28.01M7.58M6.87M5.48M1.16M
Days Inventory Outstanding4.734.753.653.076.044.772.342.031.310.34
Other Current Assets298.46M168.78M39.7M23.8M35.97M1.19B2.59B469.57M467.83M89.66M
Total Non-Current Assets+529.12M667.2M736.49M1.42B4.04B6.12B4.94B4.28B3.69B2.38B
Property, Plant & Equipment414.16M433.8M428.83M463.47M881.34M3.05B2.3B1.87B1.96B1.77B
Fixed Asset Turnover1.80x2.40x3.10x3.71x2.91x1.11x0.61x0.77x1.08x0.99x
Goodwill0102.33M104.03M609.51M2.1B2.28B1.95B1.83B1.33B527.3M
Intangible Assets36.64M59.5M55.87M107.38M642.9M683.6M485.82M430.5M343.08M49.6M
Long-Term Investments0078.75M207.36M28.45M55.14M75.44M40.49M32.73M24.42M
Other Non-Current Assets46.23M44.63M43.66M16.15M351.95M18.05M69.67M16.99M20.42M9.36M
Total Assets+1.09B1.24B2.69B4.67B7.79B10.82B8.63B5.47B4.62B3.05B
Asset Turnover0.68x0.84x0.49x0.37x0.33x0.31x0.16x0.26x0.46x0.58x
Asset Growth %0.2%0.13%1.17%0.74%0.67%0.39%-0.2%-0.37%-0.16%-0.34%
Total Current Liabilities+1.07B1.01B1.2B1.63B2.52B3.7B4.03B1.58B1.48B1B
Accounts Payable88.22M63.6M50.9M63.6M94.3M68.23M73.41M100.23M105.19M91.84M
Days Payables Outstanding49.1131.5321.5921.2921.711.6122.729.5825.1526.78
Short-Term Debt00049.84M63.33M930.8M2.59B18.5M00
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K01000K
Other Current Liabilities865.95M814.96M14.61M19.94M2.01B806.5M1.17B1.36B1.05B27.88M
Current Ratio0.52x0.57x1.62x2.00x1.49x1.27x0.91x0.75x0.63x0.66x
Quick Ratio0.52x0.56x1.62x1.99x1.48x1.26x0.91x0.75x0.62x0.66x
Cash Conversion Cycle-43.2-23.51-17.09-17.78-0.872.2340.9-20.63-20.54-22.54
Total Non-Current Liabilities+57.55M65.82M65.1M29.54M2.19B4B1.79B1.47B1.57B1.44B
Long-Term Debt00002.11B2.02B616K633K00
Capital Lease Obligations000001.66B1.67B1.44B1.52B1.4B
Deferred Tax Liabilities05.92M5.29M17.07M50.04M57.83M26.74M21.71M3.75M31.17M
Other Non-Current Liabilities57.55M65.82M59.81M12.47M86.08M323.17M93.24M10.41M44.21M0
Total Liabilities1.13B1.08B1.27B1.65B4.71B7.7B5.83B3.06B3.05B2.44B
Total Debt+28.18M6.15M049.84M2.16B5.05B4.39B1.47B1.65B1.51B
Net Debt-212.5M-349.87M-1.88B-3.1B-1.09B1.67B3.54B806.55M1.11B1.02B
Debt / Equity-0.04x-0.02x0.70x1.62x1.56x0.61x1.05x2.49x
Debt / EBITDA-0.07x-0.14x7.62x13.86x----
Net Debt / EBITDA--3.87x-6.43x-8.67x-3.85x4.58x----
Interest Coverage-39.04x8.52x43.86x9.97x---2.30x--25.33x-623.91x
Total Equity+-38.95M161.56M1.42B3.01B3.08B3.12B2.81B2.41B1.57B606.11M
Equity Growth %-1.11%5.15%7.79%1.12%0.02%0.01%-0.1%-0.14%-0.35%-0.61%
Book Value per Share-6.7326.65216.63394.36403.30416.04376.70325.31211.9081.72
Total Shareholders' Equity-44.5M116.73M1.42B2.84B2.72B2.74B2.55B2.19B1.42B516.81M
Common Stock7K7K7K7K8K8K8K8K8K8K
Retained Earnings-110.68M-170.85M-15.93M231.04M472.34M632.72M648.94M471.35M-473.15M-1.47B
Treasury Stock0000000000
Accumulated OCI24.02M47.81M28.45M140.72M143.9M250.94M170.85M22.95M192.38M207.93M
Minority Interest5.54M44.83M3.33M170.02M361.83M386.45M260.05M225.64M155.05M89.3M

Cash Flow

Aug 2015Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024
Cash from Operations+134.89M360.66M482.99M554.22M864.99M491.23M698.81M45.5M22.26M126.39M
Operating CF Margin %0.18%0.35%0.36%0.32%0.34%0.15%0.5%0.03%0.01%0.07%
Operating CF Growth %1.89%1.67%0.34%0.15%0.56%-0.43%0.42%-0.93%-0.51%4.68%
Net Income-39.91M2.92M191.81M248.9M252.76M164.17M-165.8M-119.7M-386.82M-996.28M
Depreciation & Amortization57.11M72.09M78.06M85.88M130.82M197.43M221.74M115.93M83.92M63.09M
Stock-Based Compensation095.07M029.06M51.66M-10.63M1.86M-816K0869.78K
Deferred Taxes-32.09M4.77M975K6.69M-4.55M-12.97M-44.34M-33.53M108.11M576.13K
Other Non-Cash Items289K166K4.74M-16.64M14.9M225.13M643.04M49.05M292.93M1.17B
Working Capital Changes149.49M185.73M207.41M200.33M419.4M-71.9M42.3M34.56M-75.88M-106.98M
Change in Receivables16.18M-2.07M2.18M-424K1.56M5.47M-37.97M27.28M521K-61.51M
Change in Inventory-1.61M-485K982K-468K-14.72M-1.34M-2.74M710K1.38M1.03M
Change in Payables12.95M-8.44M14.55M-2.74M-3.48M-7.88M997K36.86M-1.5M2.96M
Cash from Investing+-154.38M32.09M-77.02M-472.46M-2.26B72.57M-3.08B-836.77M-52.95M-98M
Capital Expenditures-134.52M-92.69M-97.12M-117.56M-155.2M-149.76M-158.67M-89.64M-79.38M-4.88M
CapEx % of Revenue0.18%0.09%0.07%0.07%0.06%0.04%0.11%0.06%0.04%0%
Acquisitions----------
Investments----------
Other Investing-19.86M62.69M63.45M859K1.55M1.54M2.19M-836.77M26.45M-102.33M
Cash from Financing+115.61M-274.54M1.16B1.09B1.48B675.7M-446.53M101.38M-298.79M-85.46M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid00000-184.24M-92.55M000
Share Repurchases----------
Other Financing3M-274.54M16.85M0-172.46M-39.56M-67.82M-1.59B-126.86M-17.96M
Net Change in Cash----------
Free Cash Flow+363K267.97M385.87M436.66M709.78M341.46M540.13M-44.15M-57.11M80.93M
FCF Margin %0%0.26%0.29%0.25%0.28%0.1%0.39%-0.03%-0.03%0.05%
FCF Growth %1%737.21%0.44%0.13%0.63%-0.52%0.58%-1.08%-0.29%2.42%
FCF per Share0.0644.2158.8957.1892.8445.4772.49-5.95-7.7010.91
FCF Conversion (FCF/Net Income)-3.37x-9.92x2.81x2.24x3.59x3.05x-13.23x-0.06x-0.06x-0.13x
Interest Paid0000000000
Taxes Paid-1.04M2.21M16.38M65.14M56.47M67.87M7.7M19.06M7.13M4.09M

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)--59.33%21.76%11.15%7.91%5.19%-1.78%-27.18%-19.83%-91.5%
Return on Invested Capital (ROIC)----12.02%3.68%-5.25%-9.92%-4.64%-27.75%
Gross Margin12.1%29.23%35.23%36.55%38.12%36.29%15.8%33.22%28.13%28.69%
Net Margin-5.37%-3.5%12.95%14.37%9.41%4.78%-3.77%-49.28%-18.61%-56.76%
Debt / Equity-0.04x-0.02x0.70x1.62x1.56x0.61x1.05x2.49x
Interest Coverage-39.04x8.52x43.86x9.97x---2.30x--25.33x-623.91x
FCF Conversion-3.37x-9.92x2.81x2.24x3.59x3.05x-13.23x-0.06x-0.06x-0.13x
Revenue Growth26.81%39.48%27.69%29.4%49.11%31.35%-58.36%2.68%47.56%-17.35%

Revenue by Segment

20172018201920202021202220232024
Other Revenue Member-----187.91M169.81M124.58M
Other Revenue Member Growth-------9.64%-26.63%
TuitionIncomeFromKindErgartensPrimaryMiddleAndHighSchoolsProgramsMember----343.47M---
TuitionIncomeFromKindErgartensPrimaryMiddleAndHighSchoolsProgramsMember Growth--------
MealIncomeMember----259.19M---
MealIncomeMember Growth--------
OtherRevenueMember----254.88M---
OtherRevenueMember Growth--------
TuitionIncomeFromTrainingInstitutesMember----229.01M---
TuitionIncomeFromTrainingInstitutesMember Growth--------
CommissionIncomeMember----119.56M---
CommissionIncomeMember Growth--------
ConsultingServicesMember----113.43M---
ConsultingServicesMember Growth--------
BoardingIncomeMember----88.6M---
BoardingIncomeMember Growth--------
Boarding Income55.29M72.36M118.72M262.14M----
Boarding Income Growth-30.88%64.08%120.80%----
Meal Income159.26M187.31M225.66M251.57M----
Meal Income Growth-17.61%20.48%11.48%----
Other Revenue35.8M53.19M145.7M206.03M----
Other Revenue Growth-48.57%173.92%41.40%----
Consulting Services-18.99M124.07M160.47M----
Consulting Services Growth--553.46%29.34%----
Commission Income-50.24M138.59M142.86M----
Commission Income Growth--175.87%3.08%----
Tuition Income From Training Institutes71.27M85.1M123.89M137.08M----
Tuition Income From Training Institutes Growth-19.41%45.59%10.64%----
Tuition Income From Kindergartens Primary Middle And High Schools Programs1B1.25B1.69B-----
Tuition Income From Kindergartens Primary Middle And High Schools Programs Growth-24.58%35.48%-----
Sales of Education Materials-6.97M------
Sales of Education Materials Growth--------
Education Materials6.19M-------
Education Materials Growth--------

Revenue by Geography

20172018201920202021202220232024
CHINA----911.56M1.1B1.35B854.91M
CHINA Growth-----20.64%23.20%-36.90%
UNITED STATES----61.64M89.31M112.84M131.06M
UNITED STATES Growth-----44.89%26.35%16.14%
CANADA----9.27M7.01M3.26M4.33M
CANADA Growth------24.31%-53.47%32.73%
SINGAPORE-------209K
SINGAPORE Growth--------
G--161.72M632.89M----
G Growth---291.34%----
U--24.98M188.11M----
U Growth---653.14%----
C--2.37B16.91M----
C Growth----99.29%----

Frequently Asked Questions

Growth & Financials

Bright Scholar Education Holdings Limited (BEDU) reported $1.12B in revenue for fiscal year 2024. This represents a 90% increase from $588.2M in 2014.

Bright Scholar Education Holdings Limited (BEDU) saw revenue decline by 17.4% over the past year.

Bright Scholar Education Holdings Limited (BEDU) reported a net loss of $1.02B for fiscal year 2024.

Dividend & Returns

Bright Scholar Education Holdings Limited (BEDU) has a return on equity (ROE) of -91.5%. Negative ROE indicates the company is unprofitable.

Bright Scholar Education Holdings Limited (BEDU) generated $193.1M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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