Youdao, Inc. (DAO) Financial Ratios
9 years of historical data (2017–2025) · Consumer Defensive · Education & Training Services
EV/EBITDA
15.40
↑+30% vs avg
5yr avg: 11.86
30Y Low11.9·High11.9
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low4.5·High4.5
ROE
N/A
—
5yr avg: N/A
30Y Low-211%·High-211%
Debt/EBITDA
↓
7.29
↓-17% vs avg
5yr avg: 8.79
30Y Low7.3·High10.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DAO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $363M | — | $874M | $478M | $607M | $1.5B | $3.0B | $1.3B | — | — |
| Enterprise Value | $566M | — | $2.1B | $1.6B | $1.3B | $2.4B | $3.4B | $2.1B | — | — |
| P/E Ratio → | — | — | 10.57 | — | — | — | — | — | — | — |
| P/S Ratio | 0.42 | — | 0.15 | 0.09 | 0.12 | 0.38 | 1.25 | 1.03 | — | — |
| P/B Ratio | — | — | — | — | — | — | — | 4.46 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
DAO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Youdao, Inc.'s enterprise value stands at 15.4x EBITDA, 30% above its 5-year average of 11.9x. The Consumer Defensive sector median is 11.4x, placing the stock at a 35% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | 0.37 | 0.30 | 0.26 | 0.62 | 1.41 | 1.59 | — | — |
| EV / EBITDA | 15.40 | — | 11.86 | — | — | — | — | — | — | — |
| EV / EBIT | 17.41 | — | 13.65 | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — |
DAO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Youdao, Inc. earns an operating margin of 3.7%, above the Consumer Defensive sector average of 1.4%. Operating margins have expanded from -8.7% to 3.7% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.3% | 44.3% | 48.9% | 51.4% | 51.6% | 49.5% | 43.8% | 28.4% | 29.6% | 35.5% |
| Operating Margin | 3.7% | 3.7% | 2.6% | -8.7% | -15.5% | -22.1% | -33.7% | -46.1% | -30.0% | -28.5% |
| Net Profit Margin | 1.8% | 1.8% | 1.5% | -10.2% | -14.5% | -24.8% | -69.4% | -48.8% | -32.7% | -29.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | -211.2% | — | — |
| ROA | 5.7% | 5.7% | 4.8% | -27.9% | -30.1% | -41.8% | -79.7% | -47.0% | -63.6% | -80.5% |
| ROIC | — | — | — | — | — | -328.8% | — | -124.6% | — | — |
| ROCE | — | — | — | — | — | — | — | -182.9% | — | — |
DAO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Youdao, Inc. carries a Debt/EBITDA ratio of 7.3x, which is highly leveraged (113% above the sector average of 3.4x). Net debt stands at $1.4B ($1.8B total debt minus $440M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | 2.99 | — | — |
| Debt / EBITDA | 7.29 | 7.29 | 10.30 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | 2.41 | — | — |
| Net Debt / EBITDA | 5.53 | 5.53 | 7.01 | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | 2.04 | -6.71 | -16.99 | -28.01 | -27.28 | -19.88 | -5.99 | -4.40 |
DAO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.59x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.42x to 0.59x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.59 | 0.59 | 0.50 | 0.42 | 0.59 | 0.75 | 0.55 | 1.15 | 0.46 | 0.13 |
| Quick Ratio | 0.54 | 0.54 | 0.45 | 0.35 | 0.52 | 0.66 | 0.51 | 1.11 | 0.44 | 0.13 |
| Cash Ratio | 0.25 | 0.25 | 0.22 | 0.17 | 0.32 | 0.27 | 0.35 | 0.92 | 0.33 | 0.04 |
| Asset Turnover | — | 2.99 | 3.14 | 3.23 | 2.24 | 1.50 | 1.15 | 0.62 | 1.23 | 2.74 |
| Inventory Turnover | 23.39 | 23.39 | 16.70 | 12.08 | 10.63 | 7.83 | 11.28 | 12.72 | 22.46 | 185.74 |
| Days Sales Outstanding | — | 43.40 | 32.20 | 25.75 | 29.55 | 23.44 | 47.09 | 60.47 | 44.08 | 61.07 |
DAO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Youdao, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 9.5% | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | — | 7.1% | 26.7% | 8.3% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | — | 7.1% | 26.7% | 8.3% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $0 | $118M | $121M | $113M | $122M | $113M | $95M | $99M | $99M |
Peer Comparison
Compare DAO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DAOYou | $363M | — | 15.4 | — | 44.3% | 3.7% | — | — | 7.3 |
 TAL | $773M | 9.1 | -16.3 | 2.7 | 53.3% | -0.3% | 2.3% | -0.3% | 8.2 |
 EDU | $9B | 24.5 | 15.2 | 14.1 | 55.4% | 8.7% | 9.3% | 9.9% | 1.5 |
 GOTU | $760M | -4.9 | — | 64.8 | 68.0% | -26.0% | -42.2% | -47.8% | — |
 DUOL | $5B | 12.3 | 26.3 | 13.2 | 72.2% | 13.1% | 38.1% | 40.8% | 0.6 |
 CHGG | $130M | -1.2 | 11.9 | — | 60.2% | -16.8% | -66.2% | -13.4% | 5.5 |
 COUR | $1B | -19.5 | — | 9.5 | 54.6% | -10.3% | -8.3% | — | — |
 LOPE | $4B | 21.3 | 13.3 | 18.7 | 52.4% | 27.5% | 28.2% | 32.5% | 0.6 |
 PRDO | $2B | 14.1 | 8.9 | 9.9 | 71.7% | 23.2% | 16.6% | 15.3% | 0.4 |
 NTES | $75B | 15.8 | 12.6 | 10.6 | 64.3% | 31.8% | 21.3% | 23.3% | 0.2 |
 BIDU | $49B | 14.5 | 10.8 | 25.5 | 50.3% | 16.0% | 8.7% | 4.8% | 2.2 |
| Consumer Defensive Median | — | 19.6 | 11.4 | 15.7 | 40.1% | 1.4% | 6.8% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonDAO — Frequently Asked Questions
Quick answers to the most common questions about buying DAO stock.
What is Youdao, Inc.'s EV/EBITDA?
Youdao, Inc.'s current EV/EBITDA is 15.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.9x.
Is DAO stock overvalued?
Based on historical data, Youdao, Inc. is trading at valuation metrics that vary. Compare with industry peers and growth rates for a complete picture.
What are Youdao, Inc.'s profit margins?
Youdao, Inc. has 44.3% gross margin and 3.7% operating margin.
How much debt does Youdao, Inc. have?
Youdao, Inc.'s Debt/EBITDA ratio is 7.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.