New Oriental Education & Technology Group Inc. (NWOEF)

Services-Educational Services

Latest Price

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

Norm. op. income: $350M (median of 7yr)

Tax rate: 27%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$2.83

Base FCF: $804M (median of recent 5yr)

Growth: 12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$16.42