Pick of the education stocks

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Over the last month and a half, the three JSE-listed education stocks have reported their 2021 results (all have December year-ends, so the results are comparable). Moneyweb keithmclachlan

Over the last month and a half, the three JSE-listed education stocks have reported their 2021 results . On February 23, private schooling group Curro reported revenue growth of 15% from 9% learner growth , good cash generation and a strong recovery in earnings after the prior period’s impairments. On March 14, tertiary collection Stadio reported 9% student growth, revenue rising 18% and earnings up somewhat more.

A few observations from the above comparison of these stocks: While Curro is keeping its revenue run-rate in double digits, its interest cover is half that of AdvTech and a fraction of Stadio’s: Stadio stands out as the lowest geared group, and its varsity learnership numbers are growing quicker than AdvTech’s Tertiary segment.

 

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