Company Quick10K Filing
Laureate Education
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 225 $3,851
10-K 2020-02-27 Annual: 2019-12-31
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-09 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-11-08 Quarter: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-20 Annual: 2017-12-31
10-Q 2017-11-08 Quarter: 2017-09-30
10-Q 2017-08-08 Quarter: 2017-06-30
10-Q 2017-05-11 Quarter: 2017-03-31
10-K 2017-03-29 Annual: 2016-12-31
8-K 2020-02-28 Other Events
8-K 2020-02-27 Earnings, Regulation FD, Exhibits
8-K 2020-02-24 Officers
8-K 2020-01-27 Officers
8-K 2020-01-27 Other Events, Exhibits
8-K 2020-01-10 Enter Agreement
8-K 2019-11-06 Earnings, Regulation FD, Exhibits
8-K 2019-10-11 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-09 Regulation FD
8-K 2019-09-09 Other Events, Exhibits
8-K 2019-08-29 M&A, Exhibits
8-K 2019-08-08 Other Events, Exhibits
8-K 2019-08-08 Earnings, Regulation FD, Exhibits
8-K 2019-08-02 Officers
8-K 2019-07-19 Officers
8-K 2019-06-12 Other Events, Exhibits
8-K 2019-06-10 Officers, Exhibits
8-K 2019-06-03 M&A, Exhibits
8-K 2019-05-29 Shareholder Vote
8-K 2019-05-13 M&A, Exhibits
8-K 2019-05-09 Earnings, Regulation FD, Exhibits
8-K 2019-04-17 Regulation FD, Other Events, Exhibits
8-K 2019-02-28 Regulation FD, Exhibits
8-K 2019-02-28 Earnings, Regulation FD, Exhibits
8-K 2019-02-05 M&A, Regulation FD, Other Events, Exhibits
8-K 2018-12-12 Enter Agreement
8-K 2018-12-11 Officers
8-K 2018-11-29 Other Events
8-K 2018-11-15 Enter Agreement, Exhibits
8-K 2018-11-13 Other Events, Exhibits
8-K 2018-08-07 M&A, Exhibits
8-K 2018-07-20 Amend Bylaw, Exhibits
8-K 2018-05-30 Shareholder Vote
8-K 2018-05-09 Earnings, Regulation FD, Exhibits
8-K 2018-04-24 Enter Agreement
8-K 2018-04-23 Other Events
8-K 2018-04-12 M&A, Other Events, Exhibits
8-K 2018-03-27 Other Events
8-K 2018-03-20 Earnings, Regulation FD, Exhibits
8-K 2018-03-08
8-K 2018-03-07 Officers
8-K 2018-02-01 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-01-30 Code of Ethics, Exhibits
8-K 2018-01-24 Earnings, Regulation FD, Other Events, Exhibits
8-K 2018-01-15 Other Events
8-K 2018-01-11 Regulation FD, Other Events, Exhibits
8-K 2017-11-29 Other Events

Laureate Education Financials

LAUR Metrics, Comps, Filings

Annual | Quarterly

Business

As announced previously, we have reviewed our global portfolio of institutions with the goals of simplifying and focusing our operations, reducing complexity, mitigating risks (such as political, regulatory, economic and currency), exiting smaller markets where our operations have less scale and maximizing our exposure to what we believe are the most attractive and scalable markets for our network. We have undertaken a series of divestitures calculated to simplify and streamline our business. In 2017, we announced the divestiture of certain subsidiaries in our then-existing Europe, Middle East, Africa and Asia Pacific ("EMEAA") and Central America & U.S. Campuses segments. On August 9, 2018, we announced that we plan to divest additional subsidiaries located in Europe, Asia and Central America, which were included in the then-existing EMEAA, Andean & Iberian, and Central America & U.S. Campuses segments. As of September 30, 2018, we refer to the EMEAA segment as our "Rest of World" segment and to the Andean & Iberian segment as our "Andean" segment. We have decided to focus principally on the Latin American markets where we operate large-scale platforms, as well as on the online market in the United States.

We are the largest international network of degree-granting higher education institutions, primarily focused in Latin America, with approximately 875,000 students enrolled at over 25 institutions with more than 150 campuses, which we collectively refer to as the Laureate International Universities network. The institutions in the Laureate International Universities network are leading brands in their respective markets and offer a broad range of undergraduate and graduate degrees through campus-based, online and hybrid programs. As of December 31, 2018, approximately 93% of our students attend traditional, campus-based institutions offering multi-year degrees, similar to leading private and public higher education institutions in developed markets such as the United States and Europe. Nearly two thirds of our students are enrolled in programs of four or more years in duration.

Our programs are designed with a distinct emphasis on applied, professional-oriented content for growing career fields and are focused on academic disciplines that we believe offer strong employment opportunities and high earnings potential for our students. We continually and proactively adapt our curriculum to the needs of the market. In particular, we emphasize science, technology, engineering and math (STEM) and business disciplines, areas in which we believe that there is large and growing demand, especially in developing countries. Since 2009, we have more than doubled our enrollment of students pursuing degrees in Medicine & Health Sciences, Engineering & Information Technology and Business & Management, our three largest disciplines. We believe the work of our graduates in these disciplines creates a positive impact on the communities we serve and strengthens our institutions' reputations within their respective markets. Our focus on private-pay and our track record for delivering high-quality outcomes to our students, while stressing affordability and accessibility, has been a key reason for our long record of success.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
TAL Education Group (TAL) 6,605 0% 3,735 1,205 0 0 0 0 5,342
Grand Canyon Education (LOPE) 4,803 0% 14.8 15% 1,761 379 763 0 258 330 4,894
H&R Block (HRB) 4,729 43% 12.4 15% 2,757 2,832 3,112 1,345 413 484 6,008
Chegg (CHGG) 3,975 77% -331.0 -1% 1,464 995 381 293 -12 -11 3,523
Strategic Education (STRA) 2,995 0% 12.5 4% 1,781 337 975 0 75 207 2,597
Laureate Education (LAUR) 3,751 11% 3.6 16% 6,825 3,982 3,311 369 1,072 1,270 4,589
SEA (SE) 3,774 0% 2,193 2,432 0 0 0 0 2,516
Graham (GHC) 3,499 0% 8.4 4% 5,488 2,425 2,858 0 239 450 3,762
UniFirst (UNF) 3,837 37% 10.1 9% 2,047 406 1,809 670 179 341 3,452
Yelp (YELP) 2,730 94% 38.9 2% 1,029 326 745 700 24 66 2,584
Adtalem Global Education (ATGE) 2,174 50% 9.9 5% 2,460 1,130 1,210 607 119 232 2,292
Premier (PINC) 3,698 60% 8.0 11% 2,595 904 1,463 871 273 449 3,581
China Online Education Group (COE) 2,141 0% 1,010 1,973 0 0 0 0 1,797
Shutterfly (SFLY) 1,733 50% 37.0 0% 1,891 1,295 2,117 1,064 8 69 2,546
Bright Scholar Education (BEDU) 1,189 0% 7,788 4,704 0 0 0 0 30
Career Education (CECO) 1,222 0% 14.3 9% 599 197 615 0 57 80 1,145
Weight Watchers (WTW) 1,381 56% 14.0 9% 1,516 2,236 1,411 797 134 201 2,817
R1 RCM (RCM) 1,623 13% 52.0 -0% 901 663 1,135 147 -2 37 1,935
China Distance Education (DL) 1,134 0% 329 219 0 0 0 0 1,064
K12 (LRN) 1,108 34% 8.2 4% 813 189 1,022 348 36 115 940

Balance Sheet ($MM)2017-12-312018-12-31
Cash469590
Accounts Receivable535399
Inventory
PP&E1,9351,279
Assets7,3926,770
Accounts Payable8067
Long-Term Debt3,2072,784
Liabilities5,3904,704
Stockholders' Equity1,5752,061
Income Statement ($MM)2017-12-312018-12-31
Revenue4,3783,350
Cost of Revenue3,6652,747
Gross Profit713603
R&D
SG&A315299
Tax-67133
Net Income94371
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating131397
Cash Investing-325115
Cash Financing223-410