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About

Sunlands Technology Group provides online education services through online and mobile platforms in the People's Republic of China. It offers adult online education and adult personal interest learning education through courses and educational content offerings, including interest, professional skills and professional certification preparation courses, and degree- or diploma-oriented post-secondary courses. The company also provides professional assistance and counseling services to help students make decisions that suit their learning needs and to formulate study plans throughout their enrollments in the courses; and exam preparation courses for exam-taking students. In addition, the company offers professional skills and interest courses, such as wealth management, voice acting, Chinese painting, and calligraphy; degree- or diploma-oriented post-secondary course that consist of preparation courses for a state-administered exam for learners pursuing associate diplomas or bachelor's degrees, and other degree- or diploma-oriented post-secondary courses. Further, it provides professional certification preparation courses cover various industries and professions, such as accounting, human resources, and teaching, as well as technical and consultation services. The company was formerly known as Sunlands Online Education Group and changed its name to Sunlands Technology Group in August 2018. Sunlands Technology Group was founded in 2003 and is headquartered in Beijing, the People's Republic of China.

Fundamentals
Scroll to Statements
Sector Consumer Defensive Industry Education & Training Ser Market Cap 60.73M
Enterprise Value -610.72M Income 385.06M Sales 2.03B
Book/sh 9.88 Cash/sh 115.66 Dividend Yield
Payout 0.00% Employees 2071 IPO
P/E 1.09 Forward P/E -10.71 PEG
P/S 0.03 P/B 0.46 P/C
EV/EBITDA -1.46 EV/Sales -0.30 Quick Ratio 0.94
Current Ratio 1.08 Debt/Eq 14.96 LT Debt/Eq
EPS (ttm) 4.14 EPS next Y -0.42 EPS Growth 42.60%
Revenue Growth 6.50% Earnings 2026-03-19 ROA 11.39%
ROE 52.75% ROIC Gross Margin 86.03%
Oper. Margin 26.46% Profit Margin 18.94% Shs Outstand 5.11M
Shs Float 955.63K Short Float 0.08% Short Ratio 1.14
Short Interest 52W High 15.00 52W Low 4.28
Beta 1.13 Avg Volume 2.43K Volume 4.95K
Target Price Recom None Prev Close $4.51
Price $4.50 Change -0.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
Mean price target
2. Current target
$4.50
Latest analyst target
3. DCF / Fair value
$62.10
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$4.50
Low
High
Mean
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-3.05K1.62M16.46K9.74M
TaxRateForCalcs0.000.040.020.25
NormalizedEBITDA392.49M670.73M704.40M207.51M
TotalUnusualItems-838.00K43.65M890.00K38.97M
TotalUnusualItemsExcludingGoodwill-838.00K43.65M890.00K38.97M
NetIncomeFromContinuingOperationNetMinorityInterest342.08M640.83M643.96M219.06M
ReconciledDepreciation29.47M30.65M46.68M37.92M
ReconciledCostOfRevenue317.57M265.53M348.15M376.19M
EBITDA391.65M714.39M705.29M246.48M
EBIT362.19M683.74M658.61M208.56M
NetInterestIncome33.53M23.44M6.19M5.25M
InterestExpense5.29M7.66M10.06M10.93M
InterestIncome38.82M31.09M16.25M16.18M
NormalizedIncome342.92M598.80M643.09M189.83M
NetIncomeFromContinuingAndDiscontinuedOperation342.08M640.83M643.96M219.06M
TotalExpenses1.69B1.58B1.71B2.39B
RentExpenseSupplemental13.70M5.16M9.31M38.94M
TotalOperatingIncomeAsReported297.90M574.89M616.94M114.27M
DilutedAverageShares13.65M13.80M13.68M13.46M
BasicAverageShares13.65M13.80M13.68M13.46M
DilutedEPS25.0646.4447.0716.28
BasicEPS25.0646.4447.0716.28
DilutedNIAvailtoComStockholders342.08M640.83M643.96M219.06M
NetIncomeCommonStockholders342.08M640.83M643.96M219.06M
NetIncome342.08M640.83M643.96M219.06M
MinorityInterests0.00-1.00K950.00K6.69M
NetIncomeIncludingNoncontrollingInterests342.08M640.83M643.01M212.37M
NetIncomeContinuousOperations342.08M640.83M643.01M212.37M
EarningsFromEquityInterestNetOfTax-13.51M-10.08M6.45M-4.89M
TaxProvision1.30M25.17M11.99M-19.62M
PretaxIncome356.89M676.08M648.55M197.63M
OtherIncomeExpense25.46M77.75M25.42M78.12M
OtherNonOperatingIncomeExpenses26.30M34.10M24.53M39.16M
SpecialIncomeCharges-838.00K43.65M890.00K38.97M
GainOnSaleOfBusiness-838.00K43.72M1.39M43.97M
WriteOff0.0061.00K500.00K5.00M
NetNonOperatingInterestIncomeExpense33.53M23.44M6.19M5.25M
InterestExpenseNonOperating5.29M7.66M10.06M10.93M
InterestIncomeNonOperating38.82M31.09M16.25M16.18M
OperatingIncome297.90M574.89M616.94M114.27M
OperatingExpense1.37B1.32B1.36B2.02B
ResearchAndDevelopment25.01M33.72M42.83M61.33M
SellingGeneralAndAdministration1.35B1.29B1.32B1.96B
SellingAndMarketingExpense654.58M618.96M555.53M876.48M
GeneralAndAdministrativeExpense695.14M666.48M759.65M1.08B
OtherGandA132.81M143.29M185.67M207.60M
RentAndLandingFees13.70M5.16M9.31M38.94M
SalariesAndWages548.63M518.04M564.67M833.02M
GrossProfit1.67B1.89B1.97B2.13B
CostOfRevenue317.57M265.53M348.15M376.19M
TotalRevenue1.99B2.16B2.32B2.51B
ExciseTaxes4.14M4.05M5.72M2.58M
OperatingRevenue1.95B2.13B2.28B2.43B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber531.03K424.08K363.82K246.39K
OrdinarySharesNumber6.76M6.86M6.93M6.67M
ShareIssued7.29M7.29M7.29M6.92M
TotalDebt186.90M308.61M515.88M639.07M
TangibleBookValue600.62M276.06M-376.00M-1.01B
InvestedCapital642.88M420.36M-192.51M-788.60M
WorkingCapital82.93M21.58M-509.04M-779.37M
NetTangibleAssets600.62M276.06M-376.00M-1.01B
CapitalLeaseObligations145.36M165.29M333.91M418.44M
CommonStockEquity601.35M277.04M-374.49M-1.01B
TotalCapitalization636.73M381.70M-231.17M-827.25M
TotalEquityGrossMinorityInterest599.86M275.55M-379.85M-1.01B
MinorityInterest-1.49M-1.49M-5.36M-4.93M
StockholdersEquity601.35M277.04M-374.49M-1.01B
GainsLossesNotAffectingRetainedEarnings147.25M143.28M127.89M82.53M
OtherEquityAdjustments147.25M143.28M127.89M82.53M
TreasuryStock0.000.000.000.00
RetainedEarnings-1.84B-2.17B-2.81B-3.46B
AdditionalPaidInCapital2.29B2.31B2.31B2.36B
CapitalStock2.00K2.00K2.00K2.00K
CommonStock2.00K2.00K2.00K2.00K
TotalLiabilitiesNetMinorityInterest1.52B1.84B2.66B3.61B
TotalNonCurrentLiabilitiesNetMinorityInterest719.92M832.78M1.18B1.70B
OtherNonCurrentLiabilities7.31M6.99M6.77M11.70M
NonCurrentDeferredLiabilities540.19M563.85M710.84M1.10B
NonCurrentDeferredRevenue534.46M560.11M704.86M1.08B
NonCurrentDeferredTaxesLiabilities5.72M3.74M5.98M21.78M
LongTermDebtAndCapitalLeaseObligation172.43M261.93M460.16M586.11M
LongTermCapitalLeaseObligation137.04M157.27M316.84M404.13M
LongTermDebt35.39M104.67M143.32M181.97M
CurrentLiabilities801.38M1.01B1.48B1.91B
OtherCurrentLiabilities112.34M143.74M133.07M243.24M
CurrentDeferredLiabilities410.87M584.50M1.01B1.29B
CurrentDeferredRevenue410.87M584.50M1.01B1.29B
CurrentDebtAndCapitalLeaseObligation14.47M46.67M55.72M52.96M
CurrentCapitalLeaseObligation8.32M8.02M17.07M14.31M
CurrentDebt6.15M38.65M38.65M38.65M
OtherCurrentBorrowings6.15M38.65M38.65M38.65M
PayablesAndAccruedExpenses263.70M235.26M274.50M318.60M
CurrentAccruedExpenses52.12M57.62M41.94M47.56M
Payables211.58M177.64M232.56M271.04M
OtherPayable174.84M150.67M161.81M195.37M
DividendsPayable0.0031.25M0.00
TotalTaxPayable36.74M26.97M39.50M75.67M
TotalAssets2.12B2.12B2.28B2.59B
TotalNonCurrentAssets1.24B1.09B1.31B1.47B
OtherNonCurrentAssets829.00K1.01M5.20M4.22M
NonCurrentPrepaidAssets3.77M3.93M2.77M5.25M
NonCurrentDeferredAssets81.36M68.77M105.64M148.28M
NonCurrentDeferredTaxesAssets24.70M0.0026.80M39.27M
NonCurrentNoteReceivables21.72M28.21M29.91M30.70M
InvestmentsAndAdvances260.08M61.35M73.51M54.84M
InvestmentinFinancialAssets229.80M16.53M12.62M0.00
HeldToMaturitySecurities20.68M0.00
AvailableForSaleSecurities209.12M16.53M12.62M
LongTermEquityInvestment30.29M44.83M60.89M54.84M
GoodwillAndOtherIntangibleAssets723.00K975.00K1.51M2.76M
OtherIntangibleAssets723.00K975.00K1.51M2.76M
NetPPE868.37M922.49M1.09B1.22B
AccumulatedDepreciation-216.07M-187.73M-159.84M-141.25M
GrossPPE1.08B1.11B1.25B1.36B
Leases71.77M71.53M69.71M95.95M
OtherProperties110.15M135.82M274.64M362.33M
MachineryFurnitureEquipment37.07M37.43M38.47M37.50M
BuildingsAndImprovements865.45M865.45M865.45M865.45M
Properties0.000.000.000.00
CurrentAssets884.31M1.03B969.10M1.13B
OtherCurrentAssets5.22M3.70M3.06M3.56M
CurrentDeferredAssets4.14M14.27M42.89M89.35M
RestrictedCash0.002.58M3.76M50.01M
PrepaidAssets47.49M61.74M54.25M108.18M
Inventory19.68M14.24M14.15M8.88M
Receivables24.53M29.34M26.81M55.74M
OtherReceivables14.04M17.10M19.95M52.81M
AccruedInterestReceivable10.48M12.24M6.86M2.93M
CashCashEquivalentsAndShortTermInvestments783.26M905.88M824.18M810.87M
OtherShortTermInvestments276.03M142.08M70.54M184.16M
CashAndCashEquivalents507.23M763.80M753.64M626.72M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow195.11M134.44M5.90M-389.79M
RepurchaseOfCapitalStock-10.95M-4.75M-6.74M-4.87M
RepaymentOfDebt-101.78M-38.65M-38.65M-34.04M
IssuanceOfDebt0.000.0061.54M
CapitalExpenditure-406.00K-6.36M-3.24M-16.54M
InterestPaidSupplementalData5.51M7.78M10.19M10.26M
IncomeTaxPaidSupplementalData8.87M11.22M13.62M0.00
EndCashPosition507.23M766.38M757.40M676.72M
BeginningCashPosition766.38M757.40M676.72M760.71M
EffectOfExchangeRateChanges16.92M14.65M43.27M-14.51M
ChangesInCash-276.07M-5.68M37.41M-69.47M
FinancingCashFlow-112.73M-74.66M-67.91M-38.90M
CashFlowFromContinuingFinancingActivities-112.73M-74.66M-67.91M-38.90M
NetOtherFinancingCharges-61.54M
ProceedsFromStockOptionExercised0.000.0010.05M0.00
CashDividendsPaid0.00-31.25M-32.56M0.00
CommonStockDividendPaid0.00-31.25M-32.56M0.00
NetCommonStockIssuance-10.95M-4.75M-6.74M-4.87M
CommonStockPayments-10.95M-4.75M-6.74M-4.87M
NetIssuancePaymentsOfDebt-101.78M-38.65M-38.65M27.50M
NetLongTermDebtIssuance-101.78M-38.65M-38.65M27.50M
LongTermDebtPayments-101.78M-38.65M-38.65M-34.04M
LongTermDebtIssuance0.000.0061.54M
InvestingCashFlow-358.86M-71.82M96.18M342.68M
CashFlowFromContinuingInvestingActivities-358.86M-71.82M96.18M342.68M
NetOtherInvestingChanges7.43M2.38M123.00K-2.40M
NetInvestmentPurchaseAndSale-365.86M-67.64M100.11M332.62M
SaleOfInvestment1.61B707.57M1.36B2.17B
PurchaseOfInvestment-1.97B-775.21M-1.26B-1.83B
NetBusinessPurchaseAndSale-67.00K-317.00K-886.00K15.20M
SaleOfBusiness0.0015.20M
PurchaseOfBusiness-67.00K-317.00K-886.00K-638.00K
NetIntangiblesPurchaseAndSale-147.00K-595.00K0.0010.94M
SaleOfIntangibles0.000.0013.80M
PurchaseOfIntangibles-147.00K-595.00K0.00-2.85M
NetPPEPurchaseAndSale-220.00K-5.64M-3.17M-13.68M
SaleOfPPE39.00K118.00K75.00K0.00
PurchaseOfPPE-259.00K-5.76M-3.24M-13.68M
OperatingCashFlow195.52M140.80M9.14M-373.25M
CashFlowFromContinuingOperatingActivities195.52M140.80M9.14M-373.25M
ChangeInWorkingCapital-209.73M-492.94M-709.32M-650.82M
ChangeInOtherWorkingCapital-198.61M-491.97M-583.66M-536.50M
ChangeInOtherCurrentLiabilities-19.62M-168.40M-89.46M-140.76M
ChangeInOtherCurrentAssets8.02M145.44M64.99M73.93M
ChangeInPayablesAndAccruedExpense-4.83M35.11M-178.94M-22.57M
ChangeInAccruedExpense-4.83M35.11M-178.94M-22.57M
ChangeInPrepaidAssets5.31M-13.11M77.75M-24.91M
OtherNonCashItems16.82M-3.52M26.88M55.17M
StockBasedCompensation0.000.007.18M768.00K
AssetImpairmentCharge4.16M1.46M500.00K5.00M
DepreciationAmortizationDepletion29.47M30.65M46.68M37.92M
DepreciationAndAmortization29.47M30.65M46.68M37.92M
AmortizationCashFlow682.00K1.52M1.31M
AmortizationOfIntangibles682.00K1.52M1.31M
Depreciation28.79M29.12M45.37M
OperatingGainsLosses12.72M-35.68M-5.79M-33.65M
EarningsLossesFromEquityInvestments13.51M10.08M-6.45M4.89M
GainLossOnInvestmentSecurities-1.61M-1.95M391.00K
GainLossOnSaleOfPPE-18.00K-104.00K1.66M5.43M
GainLossOnSaleOfBusiness838.00K-43.72M-1.39M-43.97M
NetIncomeFromContinuingOperations342.08M640.83M643.01M212.37M
SEC Filings

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