$Grand Canyon Education (LOPE.US)$ Grand Canyon Education (L...

Grand Canyon Education (LOPE)It is an American company listed at $12 in 2008, with a current price of 92.65 and an annual return of 15.7%, which is a very good performance in the sector.

The gross profit margin has remained above 50% for five years, 57.5% in 2021, and the return on equity is around 20%, 17% in 2020, and 19.9% in 2021, which is also eye-catching in the sector.

Revenue has fluctuated around $900m over the past five years, reaching a low of $780 million in 2019 and returning to $900m in 2021, but still below the level of 970 million in 2017. the operating profit curve is flatter, fluctuating around $10m around 280 million, while net profit has risen from 203 million to 260 million.

The income statement shows that the company is not short of money, with interest income rising from 770000 to about 50 million in five years and 49.1 million in 2021, which may drag down the return on equity but increase security.

The asset-liability ratio has been below 25% for the past five years and less than 15% for the last three years, and there is no problem with the balance sheet.

The net operating volume remained stable at around 300 million except 2018, and the net investment reached 400 million in 2019, which was lower than the operating net in other years, with a net inflow of 950 million in 2021, with the subject "net cash flow from other investment activities". With a net financing outflow of $900 million in 2021, there appears to be a share buyback.

Earnings per share have grown for five consecutive years and 8.2 per cent in 2021.

At present, the company has a price-to-earnings ratio of 15.7 and a price-to-earnings ratio of TTM 15.8. although the quality of the company is very good, it has entered a period of slow growth and the current price is not attractive.