Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
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Equity Bottom-Up

New Oriental Education & Techn / Equity Bottom-Up

<ul><li>New Oriental Education & Technology Group reported its first-quarter fiscal 2026 financial results, highlighting both strengths and challenges for its future trajectory.</li><li>The company showcased a moderate 6.1% year-over-year increase in total net revenue, which indicates stable growth following a period of strategic adjustments.</li><li>This growth is credited to enhancing capabilities, operational resilience, and a focus on sustainable profitability.</li></ul>

New Oriental Education & Technology Group reported its first-quarter fiscal 2026 financial results, highlighting both strengths and challenges for its future trajectory.The company showcased a moderate 6.1% year-over-year increase in total net revenue, which indicates stable growth following a period of strategic adjustments.This growth is credited to enhancing capabilities, operational resilience, and a focus on sustainable profitability.

New Oriental’s K-12 Boom: The Surprising Revenue Driver Wall Street Is Ignoring!

External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

<ul><li>New Oriental reported 1QFY26 financial results: net revenue was up by 6% YoY to US$1.52bn, in line with Bloomberg consensus estimate; non-GAAP operating income was up by 11% YoY to US$336mn, 4% ahead of consensus estimate, mainly due to the enhanced operational efficiency and disciplined capacity expansion.</li><li>For 2QFY26E, management guided net revenue to grow by 9-12% YoY to US$1.13bn-1.16bn, with growth reaccelerating thanks to the notable revenue growth acceleration of the K-12 business.</li><li>Meanwhile, the company maintains its full-year revenue guidance of US$5.15-5.39bn (+5-10% YoY) in FY26E. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Oriental reported 1QFY26 financial results: net revenue was up by 6% YoY to US$1.52bn, in line with Bloomberg consensus estimate; non-GAAP operating income was up by 11% YoY to US$336mn, 4% ahead of consensus estimate, mainly due to the enhanced operational efficiency and disciplined capacity expansion.For 2QFY26E, management guided net revenue to grow by 9-12% YoY to US$1.13bn-1.16bn, with growth reaccelerating thanks to the notable revenue growth acceleration of the K-12 business.Meanwhile, the company maintains its full-year revenue guidance of US$5.15-5.39bn (+5-10% YoY) in FY26E. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Oriental (EDU US) - Inline 1QFY26 Results; Enhancing Profitability and Shareholder Return

<ul><li>New Oriental Education & Technology Group Ltd reported a strong performance in the fourth quarter of its fiscal year 2025, highlighting both positive advancements and some challenges that may impact their future outlook.</li><li>The company announced an 18.7% year-over-year revenue increase, excluding contributions from its East Buy segment, primarily driven by the expansion of new business ventures.</li><li>These ventures include overseas test preparation, which grew by 15%, and adult and university student services, expanding by 17%.</li></ul>

New Oriental Education & Technology Group Ltd reported a strong performance in the fourth quarter of its fiscal year 2025, highlighting both positive advancements and some challenges that may impact their future outlook.The company announced an 18.7% year-over-year revenue increase, excluding contributions from its East Buy segment, primarily driven by the expansion of new business ventures.These ventures include overseas test preparation, which grew by 15%, and adult and university student services, expanding by 17%.

New Oriental Education Power Shift: How Will Non-Academic Tutoring Redefine Growth?

Podcast by Andrew Walker, a PM at Rangeley Capital, Yet Another Value Podcast

Yet Another Value Podcast

Podcast by Andrew Walker, a PM at Rangeley Capital

Yet Another Value Podcast is a new podcast from Andrew Walker, the founder of yetanothervalueblog.substack.com/. We interview top investors and dive deep into stocks and companies they are currently working on and investing in. While nothing on this channel is investing advice and everyone should do their own diligence, our goal is to frequently feature edgy and actionable value and/or event driven ideas. Please see our legal and disclaimer at: https://yetanothervalueblog.substack.com/p/legal-and-disclaimer

<ul><li>New Oriental is an education service company based in China that has seen significant growth and success since its founding in 1993.</li><li>The company faced challenges in 2021 due to policy changes in China, but has since recovered and is deemed undervalued by Xu Zhong Xu.</li><li>Xu Zhong Xu, a knowledgeable investor with background in the education industry, provides insights on the company's history, growth trajectory, and potential for continued success.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

New Oriental is an education service company based in China that has seen significant growth and success since its founding in 1993.The company faced challenges in 2021 due to policy changes in China, but has since recovered and is deemed undervalued by Xu Zhong Xu.Xu Zhong Xu, a knowledgeable investor with background in the education industry, provides insights on the company's history, growth trajectory, and potential for continued success.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>New Oriental announced 4QFY25 results: net revenue increased by 19% YoY to US$1.09bn (excluding revenue form East Buy), ahead of the company guidance (US$1.01-1.04bn); non-GAAP net income grew by 59% YoY to US$98mn, ahead of Bloomberg consensus estimate of US$54mn, mainly thanks to the cost optimization initiatives across business lines.</li><li>Total net revenue/non-GAAP net income rose by 14%/11% YoY in FY25 to US$4.90bn/517mn.</li><li>Looking ahead, management guides FY26 total net revenue to increase by 5-10% YoY to US$5.15bn-5.39bn, which is below the consensus estimate of US$5.56bn, primarily due to macro uncertainty and more intensive competition. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Oriental announced 4QFY25 results: net revenue increased by 19% YoY to US$1.09bn (excluding revenue form East Buy), ahead of the company guidance (US$1.01-1.04bn); non-GAAP net income grew by 59% YoY to US$98mn, ahead of Bloomberg consensus estimate of US$54mn, mainly thanks to the cost optimization initiatives across business lines.Total net revenue/non-GAAP net income rose by 14%/11% YoY in FY25 to US$4.90bn/517mn.Looking ahead, management guides FY26 total net revenue to increase by 5-10% YoY to US$5.15bn-5.39bn, which is below the consensus estimate of US$5.56bn, primarily due to macro uncertainty and more intensive competition. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

New Oriental (EDU US) - Revenue Growth Decelerates;

China

New Oriental Education & Technology Group, Inc. offers educational services. The Company offers foreign language training, test preparation courses for admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, and other services. New Oriental Education & Technology Group also operates software development.

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New Oriental Education & Techn (EDU US)

New Oriental’s K-12 Boom: The Surprising Revenue Driver Wall Street Is Ignoring!

New Oriental Education & Technology Group reported its first-quarter fiscal 2026 financial results, highlighting both strengths and challenges...

Baptista Research

New Oriental (EDU US) - Inline 1QFY26 Results; Enhancing Profitability and Shareholder Return

New Oriental reported 1QFY26 financial results: net revenue was up by 6% YoY to US$1.52bn, in line with Bloomberg consensus estimate...

CMB International

New Oriental Education Power Shift: How Will Non-Academic Tutoring Redefine Growth?

New Oriental Education & Technology Group Ltd reported a strong performance in the fourth quarter of its fiscal year 2025, highlighting both...

Baptista Research

Guinea Value's Jingshu Zhang on $EDU

The speaker utilizes Alpha Sense and AI tools for investment research, conducts expert calls, and praises the success and resilience of New...

Yet Another Value Podcast

New Oriental (EDU US) - Revenue Growth Decelerates;

New Oriental announced 4QFY25 results: net revenue increased by 19% YoY to US$1.09bn (excluding revenue form East Buy), ahead of the company...

CMB International

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