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Lixiang Education Holding Co., Ltd. (LXEH) 10-Year Financial Performance & Capital Metrics

LXEH • • Industrial / General
Consumer DefensiveEducation & TrainingHigher Education & Professional TrainingGeneral Higher Education
AboutLixiang Education Holding Co., Ltd., through its subsidiaries, provides high school education and vocational education in the People's Republic of China. It also engages in the operation of food procurement and information technology development businesses. The company was formerly known as Lianwai Education Group Limited and changed its name to Lixiang Education Holding Co., Ltd. in May 2020. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.Show more
  • Revenue $33M -35.5%
  • EBITDA -$20M +80.1%
  • Net Income -$25M +80.6%
  • EPS (Diluted) -21.00 +84.0%
  • Gross Margin -9.3% -219.2%
  • EBITDA Margin -62.14% +69.1%
  • Operating Margin -79.15% +63.2%
  • Net Margin -75.08% +69.9%
  • ROE -16.28% +73.6%
  • ROIC -60.74% +67.4%
  • Debt/Equity 0.90 +82.8%
  • Interest Coverage -8.95 +70.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 19.6%
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 1 (bottom 1%)
  • ✗Shares diluted 48.5% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* 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

10Y-
5Y19.55%
3Y-1.61%
TTM698.85%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-16.62%

EPS CAGR

10Y-
5Y-
3Y-
TTM91.29%

ROCE

10Y Avg2.26%
5Y Avg-9.76%
3Y Avg-16.68%
Latest-7.54%

Peer Comparison

General Higher Education
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
APEIAmerican Public Education, Inc.732.44M40.5073.644%4.87%11.42%3.79%0.66
GVVisionary Holdings Inc.5.11M1.2559.2411.25%-23.15%-21.19%3.56
LAURLaureate Education, Inc.5.22B35.4218.455.55%12.86%18.22%3.08%0.45
STRAStrategic Education, Inc.1.99B84.5218.107.68%9.08%6.89%6.49%0.08
PRDOPerdoceo Education Corporation2.05B31.8114.53-4.05%20.09%15.68%7.67%0.14
PXEDPhoenix Education Partners, Inc1.09B30.478.106.02%13.29%45.46%5.96%0.31
LXEHLixiang Education Holding Co., Ltd.3.65M0.20-0.01-35.45%-179.26%-103.96%0.90

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+427.57M13.43M25.7M34.44M41.35M50.82M32.8M
Revenue Growth %--0.97%0.91%0.34%0.2%0.23%-0.35%
Cost of Goods Sold+268.83M4.76M10.75M17.36M40.4M46.85M35.85M
COGS % of Revenue0.63%0.35%0.42%0.5%0.98%0.92%1.09%
Gross Profit+158.74M8.67M14.95M17.08M948.78K3.97M-3.05M
Gross Margin %0.37%0.65%0.58%0.5%0.02%0.08%-0.09%
Gross Profit Growth %--0.95%0.73%0.14%-0.94%3.18%-1.77%
Operating Expenses+82.86M2.12M10.12M18.37M46.57M113.28M22.91M
OpEx % of Revenue0.19%0.16%0.39%0.53%1.13%2.23%0.7%
Selling, General & Admin82.13M2.12M10.12M18.37M27.73M25.46M22.91M
SG&A % of Revenue0.19%0.16%0.39%0.53%0.67%0.5%0.7%
Research & Development0000000
R&D % of Revenue-------
Other Operating Expenses735.37K00018.84M87.82M0
Operating Income+75.88M6.55M4.83M-1.29M-45.62M-109.31M-25.96M
Operating Margin %0.18%0.49%0.19%-0.04%-1.1%-2.15%-0.79%
Operating Income Growth %--0.91%-0.26%-1.27%-34.3%-1.4%0.76%
EBITDA+101.1M11.31M9.69M3.94M-37.73M-102.21M-20.38M
EBITDA Margin %0.24%0.84%0.38%0.11%-0.91%-2.01%-0.62%
EBITDA Growth %--0.89%-0.14%-0.59%-10.56%-1.71%0.8%
D&A (Non-Cash Add-back)25.23M4.77M4.87M5.24M7.89M7.11M5.58M
EBIT75.88M6.55M4.83M-1.29M-26.78M-86.64M-25.96M
Net Interest Income+-5.2M-1.73M-880.76K-2.38M-4.01M-3.5M-2.61M
Interest Income89.47K00074.99K133.99K293.97K
Interest Expense5.29M1.73M880.76K2.38M4.08M3.63M2.9M
Other Income/Expense6.36M-1.75M-882.19K2.21M35.75M8.84M1.26M
Pretax Income+82.24M4.8M3.95M919.79K-9.87M-100.48M-24.7M
Pretax Margin %0.19%0.36%0.15%0.03%-0.24%-1.98%-0.75%
Income Tax+000670.98K48.39K3.12M0
Effective Tax Rate %1%9.84%8.51%-265.08%0.79%1.26%1%
Net Income+82.24M47.24M33.59M-243.82M-7.79M-126.63M-24.63M
Net Margin %0.19%3.52%1.31%-7.08%-0.19%-2.49%-0.75%
Net Income Growth %--0.43%-0.29%-8.26%0.97%-15.26%0.81%
Net Income (Continuing)82.24M4.8M3.95M248.82K-9.92M-103.6M-24.7M
Discontinued Operations042.44M29.64M-244.07M1.83M-23.39M0
Minority Interest0000548.63K-310.59K-640.95K
EPS (Diluted)+8.29960.00729.0037.00-14.00-131.00-21.00
EPS Growth %-114.8%-0.24%-0.95%-1.38%-8.36%0.84%
EPS (Basic)8.29960.00729.0037.00-14.00-107.00-21.00
Diluted Shares Outstanding500K500K541.67K666.67K666.67K785.85K1.17M
Basic Shares Outstanding500K500K541.67K666.67K666.67K963.93K1.17M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+23.89M60.34M479.86M301.11M329.55M244.88M236.27M
Cash & Short-Term Investments7.71M44.73M203.56M199.41M246.76M227.04M220.72M
Cash Only2.65M24.72M203.56M199.41M246.76M227.04M220.72M
Short-Term Investments5.06M20.01M00000
Accounts Receivable938.37K1.25M5.2M490.04K28.26M14.63M14.24M
Days Sales Outstanding0.834.0173.885.19249.46105.1158.47
Inventory542.63K1.17M1.58M227.6K1.16M886.89K0
Days Inventory Outstanding0.7489.5953.554.7910.516.91-
Other Current Assets14.7M13.19M269.49M100.02M6.31M362.4K262.58K
Total Non-Current Assets+242.31M242.94M243.18M231.62M279.37M189.09M234.35M
Property, Plant & Equipment202.68M204.25M163.97M165.06M167.71M154.02M199.16M
Fixed Asset Turnover2.11x0.07x0.16x0.21x0.25x0.33x0.16x
Goodwill00026.64M70.37M00
Intangible Assets39.63M38.68M37.73M37.02M36.04M35.07M34.09M
Long-Term Investments000228.73M274.12M00
Other Non-Current Assets0041.48M-228.73M-274.12M01.1M
Total Assets+266.2M303.28M723.04M532.73M608.93M433.97M470.62M
Asset Turnover1.61x0.04x0.04x0.06x0.07x0.12x0.07x
Asset Growth %-0.14%1.38%-0.26%0.14%-0.29%0.08%
Total Current Liabilities+140.24M130.42M355.16M413.66M134.09M103.19M112.72M
Accounts Payable12.34M9.26M6.16M6M2.53M1.5M388.49K
Days Payables Outstanding16.75709.52209.23126.2322.8511.723.96
Short-Term Debt85.56M83.6M24.9M77M64.83M75.25M84M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities24.37M6.37M300.33M325.83M48.29M4.1M3.75M
Current Ratio0.17x0.46x1.35x0.73x2.46x2.37x2.10x
Quick Ratio0.17x0.45x1.35x0.73x2.45x2.36x2.10x
Cash Conversion Cycle-15.21-585.92-81.8-116.25237.12100.29-
Total Non-Current Liabilities+2.05M1.71M412.59K84.39M221.34M173.68M212.4M
Long-Term Debt00001.25M00
Capital Lease Obligations00003.56M038.35M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities0000216.53M173.68M174.05M
Total Liabilities142.29M132.13M355.57M413.66M355.44M276.87M325.12M
Total Debt+69M83.6M24.9M77M73.5M77.72M131.56M
Net Debt66.35M58.88M-178.66M-122.41M-173.26M-149.32M-89.16M
Debt / Equity0.56x0.49x0.07x0.65x0.29x0.49x0.90x
Debt / EBITDA0.68x7.39x2.57x19.52x---
Net Debt / EBITDA0.66x5.20x-18.43x-31.03x---
Interest Coverage14.36x3.79x5.48x-0.54x-11.17x-30.08x-8.95x
Total Equity+123.91M171.15M367.47M119.06M253.49M157.1M145.5M
Equity Growth %-0.38%1.15%-0.68%1.13%-0.38%-0.07%
Book Value per Share247.82342.29678.40178.59380.23199.91124.71
Total Shareholders' Equity123.91M171.15M367.47M119.06M252.94M157.41M146.14M
Common Stock0045.2K45.2K45.2K81.09K81.09K
Retained Earnings72.51M109.14M135.31M-110.26M-118.28M-245.32M-269.95M
Treasury Stock0000000
Accumulated OCI40.2M50.81M50.26M47.43M65.72M69.1M72.91M
Minority Interest0000548.63K-310.59K-640.95K

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+52.32M58.78M49.46M30.61M40.97M-59.2M-18.32M
Operating CF Margin %0.12%4.38%1.92%0.89%0.99%-1.16%-0.56%
Operating CF Growth %-0.12%-0.16%-0.38%0.34%-2.45%0.69%
Net Income27.41M47.24M33.59M-243.82M-9.92M-103.6M-24.7M
Depreciation & Amortization8.41M8.81M4.87M5.24M11.61M11.29M11.74M
Stock-Based Compensation0000000
Deferred Taxes0000-10.27K2.9M0
Other Non-Cash Items-303.9K-5.22K-20.42M203.78M-4.38M94.47M-1.57M
Working Capital Changes16.81M2.73M31.43M65.41M43.67M-64.27M-3.78M
Change in Receivables2.06M-313.11K0054.59M-6.6K1.97M
Change in Inventory-119K-626.77K-1.58M1.35M-936.18K276.88K886.89K
Change in Payables2.5M648.78K00-3.63M-295.63K-1.12M
Cash from Investing+-2.64M-34.74M19.76M-155.05M-456.38K-7.58M-554.08K
Capital Expenditures-15.55M-13.16M-3.91M-2.25M-1.3M-2.18M-298.08K
CapEx % of Revenue0.04%0.98%0.15%0.07%0.03%0.04%0.01%
Acquisitions-------
Investments-------
Other Investing1.02M-11.77M13.52M-40.32M683.62K00
Cash from Financing+-82.05M-1.96M126.79M115.67M-11.22M44.08M8.75M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing022.24M-62.02M115.67M1.03M-8.27M0
Net Change in Cash-------
Free Cash Flow+36.77M45.61M45.55M28.36M39.67M-61.38M-18.62M
FCF Margin %0.09%3.4%1.77%0.82%0.96%-1.21%-0.57%
FCF Growth %-0.24%-0%-0.38%0.4%-2.55%0.7%
FCF per Share73.5591.2284.0942.5459.51-78.10-15.96
FCF Conversion (FCF/Net Income)0.64x1.24x1.47x-0.13x-5.26x0.47x0.74x
Interest Paid00002.62M3.84M2.74M
Taxes Paid0000935.72K66.55K9.15K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)66.37%32.02%12.47%-100.23%-4.18%-61.68%-16.28%
Return on Invested Capital (ROIC)-2.34%1.73%-1.05%-89%-186.3%-60.74%
Gross Margin37.13%64.53%58.17%49.6%2.29%7.8%-9.3%
Net Margin19.23%351.69%130.66%-708.02%-18.84%-249.2%-75.08%
Debt / Equity0.56x0.49x0.07x0.65x0.29x0.49x0.90x
Interest Coverage14.36x3.79x5.48x-0.54x-11.17x-30.08x-8.95x
FCF Conversion0.64x1.24x1.47x-0.13x-5.26x0.47x0.74x
Revenue Growth--96.86%91.38%33.97%20.09%22.88%-35.45%

Revenue by Segment

202020212022
Education Services Member--41.35M
Education Services Member Growth---
Rental Revenue From Related Party-906.67K-
Rental Revenue From Related Party Growth---
Meals Revenue From Affected Entity-591.3K-
Meals Revenue From Affected Entity Growth---
Accommodation Revenue From Third Parties-228.53K-
Accommodation Revenue From Third Parties Growth---
Rent From Third Parties-76.19K-
Rent From Third Parties Growth---
Tuition Meal And Accommodation Services152.95M--
Tuition Meal And Accommodation Services Growth---
Other Revenue4.62M--
Other Revenue Growth---
Rent From Related Parties1.67M--
Rent From Related Parties Growth---

Frequently Asked Questions

Growth & Financials

Lixiang Education Holding Co., Ltd. (LXEH) reported $84.4M in revenue for fiscal year 2024. This represents a 80% decrease from $427.6M in 2018.

Lixiang Education Holding Co., Ltd. (LXEH) saw revenue decline by 35.5% over the past year.

Lixiang Education Holding Co., Ltd. (LXEH) reported a net loss of $151.3M for fiscal year 2024.

Dividend & Returns

Lixiang Education Holding Co., Ltd. (LXEH) has a return on equity (ROE) of -16.3%. Negative ROE indicates the company is unprofitable.

Lixiang Education Holding Co., Ltd. (LXEH) had negative free cash flow of $61.4M in fiscal year 2024, likely due to heavy capital investments.

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