Stride, Inc.

Real Estate
Other Consumer Services
www.stridelearning.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $4.73B
PE 20
Debt $415.10M
Cash $317.77M
EV $4.83B
FCF $270.85M

Earnings

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Sales & Net Margins

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Earnings	$240.19M
EBIT	$315.73M
ROE	20%
ROA	16%
FCF	$270.85M
Equity	$1.21B
Growth Stability	100%
PE	19.71
PEG	0.35
PB	3.9
P/FCF	17.48
P/S	2.24
Price/Cash	0.07
Debt/Equity	0.34
Debt/FCF	1.53
Net Margins	7%
Gross Margins	38%
Op. Margins	15%
Earnings CAGR	52%
Sales Growth YoY	15%
Sales Growth QoQ	3%
Sales CAGR	12%
FCF CAGR	12%
Equity CAGR	8%
Earnings Stability	0.89
Earnings Growth YoY	738%
Earnings Growth QoQ	-35%

Earnings CAGR 5Y	56%
Sales CAGR 5Y	16%
FCF CAGR 5Y	43%
Equity CAGR 5Y	13%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	10%
Equity CAGR 3Y	20%
Market Cap	$4.73B
Revenue	$2.11B
Assets	$1.97B
Total Debt	$415.10M
Cash	$317.77M
Shares Outstanding	42.87M
EV	4.83B
Earnings Score	95%
Moat Score	93%
Safety Score	95%
Final Score	94%
Working Capital	1.06B
Current Ratio	5.6
Gross Profit	$806.57M
Shares Growth 3y	1%
Equity Growth QoQ	3%
Equity Growth YoY	27%

Assets & ROA

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Stockholders Equity & ROE

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Stride Inc is an American online educational company. The company offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional, and Private Pay Schools and Other.

SEC Filings

Direct access to Stride, Inc. (LRN) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Stride, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 52%

Stability 89%

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Stride, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Stride, Inc..

Years

Calculation mode

= $6.1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$271M	$302M	$337M	$376M	$420M	$468M	$523M	$583M	$651M	$726M	$810M	$8.1B
DCF		$275M	$279M	$283M	$287M	$291M	$295M	$299M	$304M	$308M	$312M	$3.1B
Value	$6.1B

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	06/2024	TTM
Net Margins	1%	1%	-0%	3%	4%	2%	5%	6%	7%	10%	7%
ROA	-	2%	2%	4%	6%	3%	7%	10%	10%	14%	16%
ROE	-	2%	-0%	5%	6%	4%	9%	13%	13%	17%	20%

Net Margins (7.42%)

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.

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	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	TTM
Debt over FCF	-	-	-	-	-	-	2.29	2.09	2.08	1.5	1.53
Debt over Equity	-	-	-	-	-	-	0.37	0.51	0.44	0.35	0.34
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Good Debt/FCF ratio (1.53)

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.

Good Debt/Equity ratio (0.34)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good 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	06/2015	06/2016	06/2017	06/2018	06/2019	06/2020	06/2021	06/2022	06/2023	06/2024	CAGR 5Y
Revenue YoY growth	-	-8%	2%	3%	11%	2%	48%	10%	9%	11%	16%
Earnings YoY growth	-	-8%	-105%	-6K%	36%	-34%	192%	50%	18%	61%	56%
Equity YoY growth	-	4%	3%	2%	8%	7%	19%	1%	17%	24%	13%
FCF YoY growth	-	6%	-26%	10%	43%	-42%	66%	51%	1%	39%	43%