Grand Canyon Education, Inc.

Real Estate
Other Consumer Services
www.gcu.edu

Earnings Score
Moat Score

Market Cap $5.36B
PE 24
Debt -
Cash $324.62M
EV -
FCF $252.71M

Earnings

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Sales & Net Margins

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Earnings	$226.23M
EBIT	$291.32M
ROE	29%
ROA	29%
FCF	$252.71M
Equity	$783.85M
Growth Stability	71%
PE	23.69
PEG	-4.25
PB	6.84
P/FCF	21.21
P/S	5.19
Price/Cash	0.06
Net Margins	22%
Op. Margins	28%
Earnings CAGR	3%
Sales Growth YoY	5%
Sales Growth QoQ	23%
Sales CAGR	1%
FCF CAGR	12%
Equity CAGR	0%
Earnings Stability	0.14
Earnings Growth YoY	1%

Earnings Growth QoQ	97%
Earnings CAGR 5Y	-6%
Sales CAGR 5Y	5%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	-18%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	4%
Equity CAGR 3Y	9%
Market Cap	$5.36B
Revenue	$1.03B
Assets	$1.02B
Cash	$324.62M
Shares Outstanding	28.86M
Earnings Score	7%
Moat Score	97%
Working Capital	309.01M
Current Ratio	3.78
Shares Growth 3y	-4%
Equity Growth QoQ	3%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Grand Canyon Education Inc is an American for-profit educational company that operates a private university in Phoenix, Arizona, as well as online educational programs. The company offers undergraduate and postgraduate degree programs, including business, education, nursing and health, and liberal arts. Grand Canyon Education's on-campus program enrolls approximately 15,000 students, while its online program enrolls over 50,000 students. The university's undergraduate programs enroll approximately 60% of its overall student base and is the largest revenue driver for the company.

SEC Filings

Direct access to Grand Canyon Education, Inc. (LOPE) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Grand Canyon Education, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Grand Canyon Education, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 3%

Stability 14%

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Grand Canyon Education, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Grand Canyon Education, Inc..

Years

Calculation mode

= $6B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$253M	$284M	$320M	$360M	$405M	$455M	$512M	$576M	$648M	$729M	$820M	$8.2B
DCF		$258M	$264M	$270M	$276M	$283M	$289M	$296M	$302M	$309M	$316M	$3.2B
Value	$6B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	17%	17%	21%	27%	33%	30%	29%	20%	21%	22%	22%
ROA	-	22%	22%	22%	19%	18%	27%	29%	28%	29%	29%
ROE	-	19%	21%	19%	18%	16%	25%	29%	29%	29%	29%

Good Net Margins (21.9%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.53	0.03	0.54	0.61	0.5	0.03	-	-	-	-
Debt over Equity	0.01	0.04	0.01	0.03	0.12	0.09	0.01	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	71%	88%	100%	71%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (71%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	12%	12%	-13%	-8%	8%	6%	2%	5%	8%	5%
Earnings YoY growth	-	13%	37%	13%	13%	-1%	1%	-29%	11%	10%	-6%
Equity YoY growth	-	27%	27%	23%	19%	9%	-34%	-39%	13%	9%	-18%
FCF YoY growth	-	-293%	222%	-65%	320%	-2%	2%	-35%	7%	27%	-8%