10 Year Financial Data of Career Education Corporation (CECO)

3.05 (1y: -54%)

Market Cap	184.5 M	P/E(ttm)
Enterprise Value		P/B	0.30

CECO- NAS (USA)
Career Education Corporation

Currently 1/5

Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
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$3.05

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Annual Rates (per share)	10 yrs*	5 yrs*	12 months*
Revenue Growth (%)	6.7	5.2	-14.2
EBITDA Growth (%)	0	0	-400
Free Cash Flow Growth (%)	0	0	-171.3
Book Value Growth (%)	2.4	2.4	-25.7

*12-month growth rate is calculated with the per share revenue (EBITDA, FCF, earnings) of the last 12 months over the per share revenue (EBITDA, FCF, earnings) over the previous 12 months. 5-year and 10-year growth rates are calculated with least-square regression based on the 5-year and 10-year numbers.

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See this page for the explanation of the data and charts * All numbers are in millions except for per share data

Per Share Data	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue per Share ($)	11.82	16.46	19.68	18.21	17.74	18.93	21.25	26.27	25.30	22.40	21.03	6.48	5.59	5.03	5.28	5.13
EBITDA per Share	2.40	3.33	4.33	2.58	2.10	1.72	3.36	3.93	1.67	-1.53	-2.52	1.00	-1.33	-0.42	-0.79	0.02
Free Cashflow per Share	1.32	2.22	2.44	1.50	1.53	1.47	2.48	1.79	2.04	-0.82	-1.17	0.08	-0.13	0.10	-0.86	-0.28
Earnings per Share ($)	1.19	1.71	2.26	0.47	0.63	0.67	0.94	1.95	0.25	-2.15	-3.17	0.78	-1.52	-0.50	-0.92	-0.23
Book Value per Share	7.44	9.38	10.02	10.02	9.39	10.52	10.66	11.56	10.82	9.20	8.98	12.08	10.64	10.16	9.14	8.98
Month End Stock Price	40.25	40.00	33.72	24.78	25.14	17.94	23.31	20.73	7.97	3.51	2.37	8.06	6.69	3.76	3.51	2.37
Ratios	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Return on Equity %	15.90	18.20	22.60	4.70	6.70	6.30	8.80	16.90	2.30	-23.30	-10.00	25.60	-57.20	-19.60	-40.40	-10.00
Return on Assets %	10.60	13.00	15.50	3.30	4.40	4.20	5.20	10.10	1.40	-12.70	-6.00	16.40	-35.20	-11.60	-22.00	-6.00
Return on Capital - Joel Greenblatt %	93.00	149	142	63.20	67.40	71.40	2,437	334	20.60	-75.20	-44.80	77.60	-198	-108	-121	-44.80
Debt to Equity	0.14	0.02	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.13	--	0.00	0.00	--	0.13	--

Gross Margin %	65.20	67.80	69.10	69.10	64.60	61.60	66.70	69.90	66.40	61.60	61.00	64.80	60.50	60.00	60.50	61.00
Operating Margin %	16.60	16.90	18.10	9.30	7.20	4.60	12.10	11.60	2.10	-12.30	-5.30	10.70	-29.30	-14.50	-20.90	-5.30
Net Margin %	10.00	10.40	11.50	2.60	3.60	3.50	4.40	7.40	1.00	-9.60	-4.50	12.00	-27.20	-10.00	-17.40	-4.50

Days Sales Outstanding	36.00	19.30	14.60	11.50	14.10	14.60	12.50	11.40	12.30	17.80	14.70	17.10	14.20	18.20	18.70	14.70
Days Inventory	10.30	11.40	8.20	11.10	9.20	6.90	6.70	7.50	6.60	5.50	5.10	5.90	6.20	6.30	5.60	5.10
Inventory Turnover	35.50	32.10	44.60	33.00	39.50	53.00	54.30	48.60	55.70	66.60	17.70	15.50	14.60	14.50	16.30	17.70

Debt to Revenue	0.09	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.05	--	0.00	0.00	0.00	0.23	--
COGS to Revenue	0.35	0.32	0.31	0.31	0.35	0.38	0.33	0.30	0.34	0.38	0.39	0.35	0.40	0.40	0.39	0.39
Inventory to Revenue	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.03	0.03	0.02	0.02
Interest Exp. to Revenue %	-0.07	0.01	0.50	0.96	1.06	0.76	0.12	0.04	0.04	0.10	-0.13	0.05	0.12	0.20	0.06	-0.13

Asset Turnover	1.06	1.25	1.35	1.25	1.23	1.20	1.17	1.36	1.43	1.33	0.34	0.34	0.32	0.29	0.32	0.34
Buyback Ratio	-23.40	-17.60	-6.30	-80.90	-57.90	-5.40	-3.40	-2.00	-23.50	1.10	2.00	-0.90	0.40	1.10	0.50	2.00
Income Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Revenue	1,189	1,729	2,035	1,786	1,675	1,705	1,837	2,124	1,885	1,489	1,396	434	369	333	353	340
Cost of Goods Sold	414	557	629	552	594	654	612	639	633	571	551	153	146	133	139	133
Gross Profit	775	1,171	1,406	1,234	1,081	1,051	1,225	1,485	1,252	918	844	281	223	200	214	208

Selling, General, &Admin. Expense	534	822	958	905	877	889	934	1,096	937	894	886	215	226	227	227	206
Earnings Before DDA	241	349	448	253	199	155	290	318	125	-102	-167	66.74	-88.08	-27.82	-52.78	1.19

Depreciation, Depletion and Amortization	44.18	57.82	78.72	86.42	78.18	77.69	67.60	71.62	85.37	81.81	81.00	20.11	20.02	20.43	21.26	19.30

Operating Income	197	292	369	167	120	77.67	223	246	39.16	-184	-248	46.63	-108	-48.25	-74.04	-18.10
Interest Income/Expense	-0.84	0.15	10.13	17.10	17.76	12.90	2.15	0.80	0.81	1.56	0.87	0.23	0.44	0.66	0.22	-0.45
Net Income	119	180	234	46.57	59.55	60.14	81.22	158	18.57	-143	-210	52.08	-100	-33.15	-61.49	-15.20

Earnings per Share ($)	1.19	1.71	2.26	0.47	0.63	0.67	0.94	1.95	0.25	-2.15	-3.17	0.78	-1.52	-0.50	-0.92	-0.23
Total Shares Outstanding	101	105	103	98.07	94.41	90.09	86.42	80.85	74.50	66.48	66.43	66.96	66.03	66.10	66.93	66.43
Balance Sheet	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Cash and cash equivalents	161	349	404	448	382	509	485	449	441	304	288	390	370	373	304	288
Accounts Receivable	117	91.36	81.46	56.24	64.70	68.31	63.08	66.42	63.49	72.79	54.83	81.68	57.67	66.69	72.79	54.83
Inventory	11.65	17.35	14.09	16.71	15.03	12.35	11.27	13.14	11.36	8.58	7.50	9.83	10.00	9.16	8.58	7.50
Other Current Assets	45.54	54.44	78.60	142	126	78.11	69.63	90.64	94.44	158	86.80	99.61	93.64	95.80	158	86.80
Total Current Assets	336	513	579	662	587	667	629	619	610	544	437	581	531	545	544	437

Property, Plant and Equipment	264	351	411	349	332	305	306	367	350	278	259	342	327	317	278	259
Intangible Assets	477	485	479	384	428	416	556	500	290	195	193	291	206	206	195	193
Other Long Term Assets	42.40	38.49	37.54	30.12	18.62	28.91	72.69	74.49	66.04	107	106	65.94	75.07	76.68	107	106
Total Assets	1,119	1,387	1,506	1,426	1,366	1,417	1,564	1,561	1,316	1,123	995	1,279	1,139	1,145	1,123	995

Accounts Payable	113	152	174	135	174	192	243	272	175	151	151	162	154	162	151	151
Current Portion of Long-Term Debt	79.82	2.27	0.63	12.10	11.84	0.35	0.88	0.78	0.84	80.21	0.10	0.41	0.40	0.31	80.21	0.10
Other Current Liabilities	114	167	152	165	185	162	198	191	153	122	96.02	131	116	148	122	96.02
Total Current Liabilities	307	321	327	313	371	355	442	464	329	353	247	293	270	311	353	247

Long-Term Debt	25.45	21.59	16.36	2.76	2.18	1.89	2.26	1.22	0.21	--	--	0.11	--	--	--	--
Other Long-Term Liabilities	39.26	59.93	127	128	108	112	198	161	180	158	151	177	167	163	158	151
Total Liabilities	371	402	470	443	480	470	642	626	510	511	398	470	437	473	511	398

Common Stock	1.00	1.03	1.03	1.07	0.93	0.93	0.95	0.81	0.82	0.82	0.82	0.82	0.82	0.82	0.82	0.82
Retained Earnings	247	408	642	675	737	808	889	357	376	233	218	428	327	294	233	218
Additional Paid-In Capital	497	571	591	667	207	223	245	577	591	597	599	594	598	600	597	599
Treasury Stock	--	--	-200	-366	-75.02	-89.08	-222	-0.19	-156	-214	-214	-214	-214	-214	-214	-214
Total Equity	748	985	1,036	982	886	948	922	934	806	612	596	809	702	672	612	596
Cashflow Statement	Annuals (USD $) View: $ %											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	TTM	Mar12	Jun12	Sep12	Dec12	Mar13

Net Income	119	180	234	46.57	59.55	60.14	81.22	158	18.57	-143	-210	52.08	-100	-33.15	-61.49	-15.20
Depreciation, Depletion and Amortization	44.18	57.82	78.72	86.42	78.18	77.69	67.60	71.62	85.37	81.81	81.00	20.11	20.02	20.43	21.26	19.30
Cash Flow from Discontinued Operations	--	--	--	--	--	15.62	1.41	0.74	28.84	-0.06	-0.01	--	--	--	-0.06	0.05
Cash Flow from Others	69.94	139	65.63	83.41	64.08	33.27	138	42.12	97.67	44.25	80.74	-54.83	79.44	28.63	-9.00	-18.34
Cash Flow from Operations	233	376	378	216	202	187	288	272	230	-16.80	-48.35	17.35	-0.78	15.92	-49.29	-14.20

Investment for Property, Plant & Equipement	-100	-143	-126	-69.47	-57.59	-53.85	-74.09	-127	-78.33	-37.94	-29.72	-12.30	-7.69	-9.51	-8.45	-4.08
Cash Flow from Acquisitions	-90.16	-0.04	-1.02	--	-30.32	--	-26.33	-23.05	-9.54	-1.72	-0.11	-3.56	-5.14	5.60	1.37	-1.95
Cash Flow from Investing	-190	-142	-400	-56.45	4.81	-151	-49.30	-110	-82.59	58.36	67.99	-15.73	-13.08	24.37	62.79	-6.10

Net Issuance of Stock	27.89	31.53	-185	-128	-190	-10.82	-198	-152	-146	-54.83	1.43	-55.95	0.41	0.38	0.34	0.30
Net Issuance of Debt	54.10	-82.44	-4.35	-3.52	-1.89	-10.70	-1.07	-5.29	-0.99	78.84	-0.69	-0.55	-0.41	-0.10	79.90	-80.07
Other Financing	-0.58	-0.00	--	20.76	5.94	0.47	0.24	0.22	0.38	-104	-17.23	--	-0.00	-5.82	-97.88	86.47
Cash Flow from Financing	81.41	-50.92	-190	-111	-186	-21.05	-199	-157	-147	-79.69	-16.49	-56.50	-0.01	-5.54	-17.64	6.70

Net Change in Cash	128	188	-217	57.51	27.63	22.77	40.21	5.15	19.95	-40.03	-5.57	-51.20	-20.08	33.52	-2.27	-16.74

Free Cash Flow	133	233	253	147	144	133	214	145	152	-54.74	-78.07	5.05	-8.46	6.41	-57.74	-18.27
Valuation Ratios (Daily)	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

PE Ratio(ttm)
Price to Tangible Book
Price-to-Free-Cash-Flow ratio
PS Ratio
EV-to-Revenue
EV-to-EBITDA
EV-to-EBIT
Earnings Yield (Joel Greenblatt)
Forward Rate of Return
Shiller PE Ratio
Valuation and Quality	Annuals											Quarterly
Fiscal Period	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Latest Q.	Mar12	Jun12	Sep12	Dec12	Mar13

Market Cap
Enterprise Value
Month End Stock Price
Net Cash (per share)
Net Current Asset Value (per share)
DCF (per share)
Median PS (per share)
Peter Lynch Fair Value (per share)
Graham Number (per share)
Altman Z-Score
Piotroski F-Score
Beneish M-Score

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CECO Quarterly/Annuals Reports

CECO: 10-Q - CAREER EDUCATION CORP (0001046568) (Filer): (10-Q) - 2012-11-08
CECO: 10-Q - CAREER EDUCATION CORP (0001046568) (Filer): (10-Q) - 2012-05-10
CECO: 10-K - CAREER EDUCATION CORP (0001046568) (Filer): (10-K) - 2012-02-27
CECO: 10-Q - CAREER EDUCATION CORP (0001046568) (Filer): (10-Q) - 2011-11-09
CECO: 10-Q - CAREER EDUCATION CORP (0001046568) (Filer): (10-Q) - 2011-08-03

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