Technology · Education & Training Services
Price
$15.13
Market Cap
$89.3M
Employees
360
Beta
0.68
Avg Volume
9,877
CEO
Jia Jia Huang
Business Description
51Talk Online Education Group, through its subsidiaries, engages in providing online education platform with English language education services to students in the People's Republic of China, Hong Kong, the Philippines, Singapore, Malaysia, and Thailand. It operates online and mobile education platforms that enable students to take live interactive English and Chinese lessons, on demand, fostering the development of all aspects of English and Chinese proficiency. The company’s flagship courses include Classic English Junior and Classic English for the development of English communication skills, as well as AI-empowered knowledge preview and AI-empowered reading lessons. It also offers small group lessons. The company was formerly known as China Online Education Group and changed its name to 51Talk Online Education Group in September 2022. 51Talk Online Education Group was founded in 2011 and is headquartered in Singapore.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.09
Stock Price: $15.13
EPS (Diluted): -171.00
EPS (Diluted): -171.00
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-0.10
Stock Price: $15.13
Total Equity: -$31.36M
Shares: 98,611
Total Equity: -$31.36M
Shares: 98,611
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
2.15
Market Cap: $89.30M
Total Debt: $0.00
Cash: $38.87M
EBITDA: -$15.22M
Total Debt: $0.00
Cash: $38.87M
EBITDA: -$15.22M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$32.8M
Market Cap: $89.30M
Total Debt: $0.00
Cash: $38.87M
Total Debt: $0.00
Cash: $38.87M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.03
Stock Price: $15.13
Revenue: $95.85M
Shares: 98,611
Revenue: $95.85M
Shares: 98,611
EV/Sales (Total value vs revenue — works when P/E can't)
API-0.34
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
73.9%
Gross Profit: $70.84M
Revenue: $95.85M
Revenue: $95.85M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-15.1%
Operating Income: -$14.47M
Revenue: $95.85M
Revenue: $95.85M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-17.6%
Net Income: -$16.85M
Revenue: $95.85M
Revenue: $95.85M
ROE (Profit from shareholder equity)
CALCNet Income / Total Equity
53.7%
Net Income: -$16.85M
Total Equity: -$31.36M
Total Equity: -$31.36M
ROIC (Profit from all invested capital)
CALCNOPAT / Invested Capital
22.2%
Operating Income: -$14.47M
Tax Rate: -8.0%
Equity: -$31.36M
Total Debt: $0.00
Cash: $38.87M
Tax Rate: -8.0%
Equity: -$31.36M
Total Debt: $0.00
Cash: $38.87M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.63
Current Assets: $60.40M
Current Liabilities: $95.36M
Current Liabilities: $95.36M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: -$31.36M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: -$31.36M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$972.04
Revenue: $95.85M
Shares: 98,611
Shares: 98,611
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-317.99
Total Equity: -$31.36M
Shares: 98,611
Shares: 98,611
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$96.54
Operating CF: $11.81M
CapEx: -$2.29M
Shares: 98,611
CapEx: -$2.29M
Shares: 98,611
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $15.13
Stock Price: $15.13
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$16.85M
Net Income: -$16.85M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares COE against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 10:36pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $788,000 | $15.0M | $27.1M | $50.7M | $95.9M |
| Cost of Revenue | $130,000 | $3.2M | $6.3M | $11.2M | $25.0M |
| Gross Profit | $658,000 | $11.9M | $20.8M | $39.5M | $70.8M |
| Operating Expenses | $5.3M | $24.2M | $34.5M | $47.6M | $85.3M |
| Operating Income | -$4.6M | -$12.4M | -$13.7M | -$8.0M | -$14.5M |
| Net Income | $18.7M | -$42.6M | -$15.0M | -$7.2M | -$16.8M |
| EBITDA | -$4.0M | -$12.7M | -$14.8M | -$6.9M | -$15.2M |
| EPS | $180.60 | $-468.00 | $-144.00 | $-72.00 | $-171.00 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 24, 2026 10:36pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $24.6M | $18.2M | $21.3M | $27.8M | $38.9M |
| Total Current Assets | $151.2M | $26.6M | $29.8M | $40.1M | $60.4M |
| Total Assets | $187.1M | $27.6M | $31.2M | $43.9M | $66.1M |
| Current Liabilities | $297.0M | $20.5M | $39.1M | $56.9M | $95.4M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $300.5M | $21.1M | $39.3M | $58.7M | $97.3M |
| Total Equity | -$113.4M | $6.6M | -$8.3M | -$15.0M | -$31.4M |
| Retained Earnings | -$288.6M | -$331.2M | -$346.4M | -$353.6M | -$370.4M |
Cash Flow (Annual)
Last updated: Jun 24, 2026 10:36pm (2d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$105.0M | -$45.7M | $559,000 | $5.8M | $11.8M |
| Capital Expenditure | $-118,000 | $-5,000 | $-287,000 | $-308,000 | -$2.3M |
| Free Cash Flow | -$105.1M | -$45.7M | $272,000 | $5.5M | $9.5M |
| Acquisitions (net) | $0 | -$20.5M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$8.5M | -$23.4M | $3.1M | $6.5M | $11.1M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 12:39am (8h ago)| Metric | 2030 | 2031 | 2032 | 2033 |
|---|---|---|---|---|
| Revenue |
$21.3M $21.3M – $21.3M
|
$24.5M $24.5M – $24.5M
|
$94.5M $94.5M – $94.5M
|
$163.1M $163.1M – $163.1M
|
| EBITDA |
-$11.5M -$11.5M – -$11.5M
|
-$13.2M -$13.2M – -$13.2M
|
-$50.8M -$50.8M – -$50.8M
|
-$87.6M -$87.6M – -$87.6M
|
| Net Income |
$-558,674 $-558,674 – $-558,674
|
$-308,703 $-308,703 – $-308,703
|
$0 | $0 |
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 24, 2026 10:36pm (2d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +1,809.6% | +80.2% | +87.0% | +89.1% |
| Gross Profit Growth | +1,701.5% | +75.4% | +90.1% | +79.2% |
| Operating Income Growth | -169.1% | -10.6% | +41.1% | -79.8% |
| Net Income Growth | -327.1% | +64.7% | +51.9% | -132.9% |
| EBITDA Growth | -217.5% | -16.8% | +53.4% | -120.3% |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for COE — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30