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Stride, Inc.
LRN
Services-Educational Services
Mkt Cap
$3.013BPE
16.31Debt
$414.3MCash
$376.6MEV
$3.051BFCF
$201.3MP/E Ratio
16.31Debt
$414.3MCash
$376.6MEV
$3.051BFCF
$201.3MCharts data: {"Earnings":[{"time":"2014-06-29","value":18116000},{"time":"2015-06-29","value":9326000},{"time":"2016-06-29","value":8551000},{"time":"2017-06-29","value":-459000},{"time":"2018-06-29","value":27420000},{"time":"2019-06-29","value":37209000},{"time":"2020-06-29","value":24506000},{"time":"2021-06-29","value":71451000},{"time":"2022-06-29","value":107130000},{"time":"2023-06-29","value":126867000}],"Sales":[{"time":"2014-06-29","value":919553000},{"time":"2015-06-29","value":948294000},{"time":"2016-06-29","value":872700000},{"time":"2017-06-29","value":888519000},{"time":"2018-06-29","value":917734000},{"time":"2019-06-29","value":1015752000},{"time":"2020-06-29","value":1040765000},{"time":"2021-06-29","value":1536760000},{"time":"2022-06-29","value":1686666000},{"time":"2023-06-29","value":1837358000}],"Net Margins":[{"time":"2014-06-29","value":0.01970087640407894},{"time":"2015-06-29","value":0.00983450280187368},{"time":"2016-06-29","value":0.009798327031053053},{"time":"2017-06-29","value":-0.0005165899659996016},{"time":"2018-06-29","value":0.029877938487622775},{"time":"2019-06-29","value":0.036631973158802546},{"time":"2020-06-29","value":0.023546141540117124},{"time":"2021-06-29","value":0.046494572997735496},{"time":"2022-06-29","value":0.06351583538175312},{"time":"2023-06-29","value":0.0690486013068765}],"Assets":[{"time":"2014-06-29","value":711667000},{"time":"2015-06-29","value":708599000},{"time":"2016-06-29","value":734055000},{"time":"2017-06-29","value":735284000},{"time":"2018-06-29","value":741963000},{"time":"2019-06-29","value":819606000},{"time":"2020-06-29","value":1073263000},{"time":"2021-06-29","value":1577297000},{"time":"2022-06-29","value":1643545000},{"time":"2023-06-29","value":1760666000}],"Stockholders Equity":[{"time":"2014-06-29","value":528930000},{"time":"2015-06-29","value":536938000},{"time":"2016-06-29","value":558720000},{"time":"2017-06-29","value":574346000},{"time":"2018-06-29","value":587189000},{"time":"2019-06-29","value":633365000},{"time":"2020-06-29","value":675329000},{"time":"2021-06-29","value":804648000},{"time":"2022-06-29","value":812581000},{"time":"2023-06-29","value":947296000}],"ROE":[{"time":"2014-06-29","value":0.03425027886487815},{"time":"2015-06-29","value":0.01736885822944176},{"time":"2016-06-29","value":0.015304624856815578},{"time":"2017-06-29","value":-0.0007991698383900994},{"time":"2018-06-29","value":0.046697060060730024},{"time":"2019-06-29","value":0.05874811522581766},{"time":"2020-06-29","value":0.036287498389673774},{"time":"2021-06-29","value":0.08879783458108391},{"time":"2022-06-29","value":0.13183916434177023},{"time":"2023-06-29","value":0.1339254045198122}],"ROA":[{"time":"2014-06-29","value":0.04101777938277312},{"time":"2015-06-29","value":0.026004834892513255},{"time":"2016-06-29","value":0.018954982937245846},{"time":"2017-06-29","value":0.01785568569423515},{"time":"2018-06-29","value":0.03572954446515527},{"time":"2019-06-29","value":0.061602770111492594},{"time":"2020-06-29","value":0.0314415012909231},{"time":"2021-06-29","value":0.07002866295948068},{"time":"2022-06-29","value":0.09529888138140422},{"time":"2023-06-29","value":0.09781128277594955}]}
Stride, Inc., a technology-based education service company, provides proprietary and third-party online curriculum, software systems, and educational services to facilitate individualized learning for students primarily in kindergarten through 12th grade (K-12) in the United States and internationally. Its technology-based products and services enable clients to attract, enroll, educate, track progress, and support students. The company offers integrated package of systems, services, products, and professional expertise to support a virtual or blended public school; individual online courses and supplemental educational products; and products and services for the general education market focused on subjects, including math, English, science, and history for kindergarten through twelfth grade students. It also provides career learning products and services that are focused on developing skills to enter in industries, including information technology, health care, and business; and focused post-secondary career learning programs, which include skills training for software engineering, healthcare, and medical fields to adult learners under Galvanize, Tech Elevator, and MedCerts brand names, as well as provides staffing and talent development services to employers. Stride, Inc. serves public and private schools, school districts, charter boards, consumers, employers, and government agencies. The company was formerly known as K12 Inc. and changed its name to Stride, Inc. in December 2020. Stride, Inc. was founded in 2000 and is headquartered in Reston, Virginia.
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DCF
Discounted Cash Flow Valuation of Stride, Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $201.3M | $218M | $235.3M | $253.1M | $271.3M | $289.9M | $308.6M | $327.5M | $346.3M | $364.8M | $383.1M | $3.831B |
| DCF | $189.6M | $177.9M | $166.4M | $155.1M | $144.1M | $133.4M | $123.1M | $113.2M | $103.7M | $94.69M | $946.9M | |
| Value | $2.348B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 52%
Earnings Stability 86%
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 | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 0.98% | 0.98% | -0.052% | 3% | 3.7% | 2.4% | 4.6% | 6.4% | 6.9% | 9.3% |
| ROA | 2.6% | 1.9% | 1.8% | 3.6% | 6.2% | 3.1% | 7% | 9.5% | 9.8% | 13% |
| ROE | 1.7% | 1.5% | -0.08% | 4.7% | 5.9% | 3.6% | 8.9% | 13% | 13% | 17% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +4.49%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +0.86%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +6.53%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.29%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +8.27%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +2.02%.
Safety & Stabiliy
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 | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | - | 2.29 | 2.09 | 2.08 | 2.06 |
| Debt Equity | - | - | - | - | - | - | 0.37 | 0.51 | 0.44 | 0.38 |
| MIN | ||||||||||
| Graham Stability | - | - | -3.8% | 100% | 100% | 100% | 100% | 100% | 100% | -3.8% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 2.06.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -0.11.
What is the Graham’s Stability?
Graham’s Stability measure stands at -0.04.
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 | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 11% | 15% | 21% | 8.9% | 2.8% |
| Net Income | 47% | 36% | 73% | 18% | 13% |
| Stockholders Equity | 7.8% | 10% | 12% | 17% | 1.5% |
| FCF | 7.9% | 16% | 36% | 0.85% | 4.8% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +14.89%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.79%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +35.85%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +13.1%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +10.04%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +1.47%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +15.94%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +4.84%.