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GuruFocus Financial Strength Rank measures how strong a companyÂ’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
DL's Cash to Debt is ranked higher than
82% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 4.40 vs. DL: No Debt )
DL' s 10-Year Cash to Debt Range
Min: 1.56   Max: No Debt
Current: No Debt

Equity to Asset 0.613
DL's Equity to Asset is ranked higher than
74% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 0.40 vs. DL: 0.613 )
DL' s 10-Year Equity to Asset Range
Min: 0.1   Max: 0.77
Current: 0.61

0.1
0.77
Interest Coverage No Debt
DL's Interest Coverage is ranked higher than
87% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 207.50 vs. DL: No Debt )
DL' s 10-Year Interest Coverage Range
Min: 1029   Max: No Debt
Current: No Debt

F-Score: 6
Z-Score: 5.15
M-Score: -3.63
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 18.20
DL's Operating margin (%) is ranked higher than
74% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 8.30 vs. DL: 18.20 )
DL' s 10-Year Operating margin (%) Range
Min: -8   Max: 43.4
Current: 18.2

-8
43.4
Net-margin (%) 15.8
DL's Net-margin (%) is ranked higher than
82% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 5.70 vs. DL: 15.8 )
DL' s 10-Year Net-margin (%) Range
Min: -9.1   Max: 46
Current: 15.8

-9.1
46
ROE (%) 12.7
DL's ROE (%) is ranked higher than
58% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 11.60 vs. DL: 12.7 )
DL' s 10-Year ROE (%) Range
Min: -5.2   Max: 39.8
Current: 12.7

-5.2
39.8
ROA (%) 9.1
DL's ROA (%) is ranked higher than
64% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 6.40 vs. DL: 9.1 )
DL' s 10-Year ROA (%) Range
Min: -4   Max: 27.3
Current: 9.1

-4
27.3
Revenue Growth (%) 15.9
DL's Revenue Growth (%) is ranked higher than
91% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 7.10 vs. DL: 15.9 )
DL' s 10-Year Revenue Growth (%) Range
Min: -1.4   Max: 19.2
Current: 15.9

-1.4
19.2
EBITDA Growth (%) 37.7
DL's EBITDA Growth (%) is ranked higher than
97% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 10.90 vs. DL: 37.7 )
DL' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 49.5
Current: 37.7

0
49.5
EPS Growth (%) 56.5
DL's EPS Growth (%) is ranked higher than
99% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 6.60 vs. DL: 56.5 )
DL' s 10-Year EPS Growth (%) Range
Min: -12   Max: 56.5
Current: 56.5

-12
56.5
» DL's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2012

DL Guru Trades in Q2 2012

Jim Simons 71,000 sh (+7.41%)
» More
Q3 2012

DL Guru Trades in Q3 2012

Jim Simons 73,000 sh (+2.82%)
» More
Q4 2012

DL Guru Trades in Q4 2012

Jim Simons 76,600 sh (+4.93%)
» More
Q1 2013

DL Guru Trades in Q1 2013

Jim Simons 87,600 sh (+14.36%)
» More
» Details

Insider Trades

Latest Guru Trades with DL



No Insider Trades Found!

Ratios

vs
industry
vs
history
P/E(ttm) 19.90
DL's P/E(ttm) is ranked higher than
51% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 14.70 vs. DL: 19.90 )
DL' s 10-Year P/E(ttm) Range
Min: 12.79   Max: 625
Current: 19.9

12.79
625
P/B 2.80
DL's P/B is ranked lower than
71% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 1.48 vs. DL: 2.80 )
DL' s 10-Year P/B Range
Min: 0.96   Max: 5.4
Current: 2.8

0.96
5.4
P/S 3.36
DL's P/S is ranked lower than
92% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 0.85 vs. DL: 3.36 )
DL' s 10-Year P/S Range
Min: 1.5   Max: 12.32
Current: 3.36

1.5
12.32
PFCF 14.40
DL's PFCF is ranked lower than
88% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 12.37 vs. DL: 14.40 )
DL' s 10-Year PFCF Range
Min: 8.21   Max: 81.3
Current: 14.4

8.21
81.3
EV-to-EBIT 13
DL's EV-to-EBIT is ranked higher than
58% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 9.95 vs. DL: 13 )
DL' s 10-Year EV-to-EBIT Range
Min: 5.9   Max: 106.5
Current: 13

5.9
106.5
Shiller P/E 115.4
DL's Shiller P/E is ranked higher than
94% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 6.80 vs. DL: 115.4 )
DL' s 10-Year Shiller P/E Range
Min: 78   Max: 115.4
Current: 115.4

78
115.4

Valuation & Return

vs
industry
vs
history
Price/Net Cash 5.7
DL's Price/Net Cash is ranked higher than
91% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 7.95 vs. DL: 5.7 )
DL' s 10-Year Price/Net Cash Range
Min: 1.9   Max: 8.3
Current: 5.7

1.9
8.3
Price/Net Current Asset Value 42
DL's Price/Net Current Asset Value is ranked higher than
86% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 8.10 vs. DL: 42 )
DL' s 10-Year Price/Net Current Asset Value Range
Min: 18.4   Max: 40
Current: 42

18.4
40
Price/Tangible Book 3.3
DL's Price/Tangible Book is ranked higher than
69% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 2.65 vs. DL: 3.3 )
DL' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 4.2
Current: 3.3

1.4
4.2
Price/DCF (Projected) 2.4
DL's Price/DCF (Projected) is ranked lower than
96% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 0.50 vs. DL: 2.4 )
DL' s 10-Year Price/DCF (Projected) Range
Min: 1.2   Max: 1.2
Current: 2.4

Price/Median PS Value 0.9
DL's Price/Median PS Value is ranked lower than
79% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 0.45 vs. DL: 0.9 )
DL' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 2.2
Current: 0.9

0.5
2.2
Price/Graham Number 1.8
DL's Price/Graham Number is ranked higher than
99% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 1.60 vs. DL: 1.8 )
DL' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 6.3
Current: 1.8

1.1
6.3
Earnings Yield (Greenblatt) 7.70
DL's Earnings Yield (Greenblatt) is ranked higher than
66% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 10.00 vs. DL: 7.70 )
DL' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.9   Max: 17
Current: 7.7

0.9
17
Forward Rate of Return (Yacktman) -0.26
DL's Forward Rate of Return (Yacktman) is ranked lower than
70% of the 77 Companies
in the Global Education & Training Services industry.

( Industry Median: 7.75 vs. DL: -0.26 )
DL' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -0.6   Max: -0.3
Current: -0.26

-0.6
-0.3

Business Description

China Distance Education Holdings Limited was incorporated under the law of the Cayman Islands on January 11, 2008. It completed its initial public offering on August 4, 2008. Its subsidiaries include China Distance Education Limited, Beijing Champion Distance Education Technology Co., Ltd., Beijing Champion Education Technology Co., Ltd., Beijing Champion Hi-Tech Co., Ltd., Beijing Caikaowang Company Limited and Beijing Champion Wangge Education Technology Co., Ltd. The Company and its subsidiaries are collectively referred to as the 'Group'. The Group is mainly engaged in provision of online education services, and selling related products in the People's Republic of China. The Group develops and operates its business through its subsidiaries. The Company offers a range of online education and test preparation courses and other related services and products. Its courses are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. It also offer online test preparation courses to self-taught learners pursuing higher education diplomas or degrees and to secondary school and college students preparing for various academic and entrance exams. In addition, the Company offers online foreign language courses. Its courses feature audio-video lectures delivered through the Internet using streaming media and other Internet-based technologies, and are supplemented by its proprietary textbooks, tutoring, online assignments and exercises, mock examinations and other forms of course-related support. Course participants are able to access its courses through the Internet at times and places most convenient for them and to easily interact with an online community of course participants, professionals, lecturers and tutors. In addition to its online education courses, the Company also sells books and reference materials through third-party bookstores and distributors across China, and, to a lesser extent, through its online bookstore and its offices in Beijing. It also, from time to time, provides course production services and platform production services, for certain customers at their request, and provides in-person professional training for accounting firms. The Company offers online courses through its websites designed to help course participants obtain and maintain the skills, licenses and certifications necessary to pursue their careers and professions in China. It faces competition from providers of traditional offline education, training and test preparation services, and expects to face increasing competition from existing competitors and new market entrants in the online professional education and test preparation market. The Company's PRC affiliated entities, Beijing Champion, Caikaowang and Champion Wangge, are subject
Company Website
Industry: Education & Training Services
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