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Perdoceo Education

DB:CE1
Snowflake Description

Very undervalued with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CE1
DB
$781M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Perdoceo Education has significant price volatility in the past 3 months.
CE1 Share Price and Events
7 Day Returns
12.4%
DB:CE1
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-30.1%
DB:CE1
2.4%
Europe Consumer Services
-16.6%
DE Market
CE1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perdoceo Education (CE1) 12.4% -22.4% -37.3% -30.1% 23% 136.1%
Europe Consumer Services 2.2% -7.2% -6.5% 2.4% -15.6% -55.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • CE1 underperformed the Consumer Services industry which returned 2.4% over the past year.
  • CE1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
CE1
Industry
5yr Volatility vs Market

Value

 Is Perdoceo Education undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Perdoceo Education to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Perdoceo Education.

DB:CE1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:CE1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Consumer Services Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.644 (1 + (1- 21%) (8.22%))
0.789
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

Discounted Cash Flow Calculation for DB:CE1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Perdoceo Education is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:CE1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 140.10 Analyst x1 134.76
2021 133.15 Analyst x2 123.19
2022 128.63 Est @ -3.39% 114.48
2023 125.42 Est @ -2.49% 107.37
2024 123.09 Est @ -1.86% 101.35
2025 121.34 Est @ -1.42% 96.11
2026 119.99 Est @ -1.11% 91.42
2027 118.92 Est @ -0.9% 87.14
2028 118.03 Est @ -0.74% 83.20
2029 117.28 Est @ -0.64% 79.52
Present value of next 10 years cash flows $1,018.00
DB:CE1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $117.28 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$2,684.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,684.31 ÷ (1 + 3.96%)10
$1,820.06
DB:CE1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,018.00 + $1,820.06
$2,838.06
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,838.06 / 70.15
$40.46
DB:CE1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:CE1 represents 0.92775x of NasdaqGS:PRDO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92775x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 40.46 x 0.92775
€37.53
Value per share (EUR) From above. €37.53
Current discount Discount to share price of €10.40
= -1 x (€10.40 - €37.53) / €37.53
72.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Perdoceo Education is available for.
Intrinsic value
>50%
Share price is €10.4 vs Future cash flow value of €37.53
Current Discount Checks
For Perdoceo Education to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Perdoceo Education's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Perdoceo Education's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perdoceo Education's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perdoceo Education's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CE1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.01
NasdaqGS:PRDO Share Price ** NasdaqGS (2020-04-07) in USD $11.21
Europe Consumer Services Industry PE Ratio Median Figure of 12 Publicly-Listed Consumer Services Companies 15.21x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perdoceo Education.

DB:CE1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PRDO Share Price ÷ EPS (both in USD)

= 11.21 ÷ 1.01

11.13x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perdoceo Education is good value based on earnings compared to the Europe Consumer Services industry average.
  • Perdoceo Education is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Perdoceo Education's expected growth come at a high price?
Raw Data
DB:CE1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.13x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
25.7%per year
Europe Consumer Services Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Services Companies 0.33x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:CE1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.13x ÷ 25.7%

0.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perdoceo Education is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Perdoceo Education's assets?
Raw Data
DB:CE1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $6.15
NasdaqGS:PRDO Share Price * NasdaqGS (2020-04-07) in USD $11.21
Europe Consumer Services Industry PB Ratio Median Figure of 22 Publicly-Listed Consumer Services Companies 2.18x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:CE1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PRDO Share Price ÷ Book Value per Share (both in USD)

= 11.21 ÷ 6.15

1.82x

* Primary Listing of Perdoceo Education.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perdoceo Education is good value based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Perdoceo Education's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Services industry average (and greater than 0)? (1 check)
  5. Perdoceo Education has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Perdoceo Education expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
25.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perdoceo Education expected to grow at an attractive rate?
  • Perdoceo Education's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Perdoceo Education's earnings growth is expected to exceed the Germany market average.
  • Perdoceo Education's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CE1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CE1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 25.7%
DB:CE1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 5.8%
Europe Consumer Services Industry Earnings Growth Rate Market Cap Weighted Average 17.7%
Europe Consumer Services Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CE1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CE1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 705 146 120 3
2020-12-31 674 155 108 3
2020-04-07
DB:CE1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 628 73 71
2019-09-30 615 124 57
2019-06-30 605 96 54
2019-03-31 591 59 63
2018-12-31 581 57 56
2018-09-30 579 26 -3
2018-06-30 578 27 -14
2018-03-31 582 28 -19
2017-12-31 596 -22 -31
2017-09-30 609 -39 -16
2017-06-30 631 -34 -20
2017-03-31 668 -22 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perdoceo Education's earnings are expected to grow significantly at over 20% yearly.
  • Perdoceo Education's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CE1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Perdoceo Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CE1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.70 1.79 1.60 2.00
2020-12-31 1.50 1.52 1.48 2.00
2020-04-07
DB:CE1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.01
2019-09-30 0.82
2019-06-30 0.77
2019-03-31 0.90
2018-12-31 0.80
2018-09-30 -0.04
2018-06-30 -0.21
2018-03-31 -0.27
2017-12-31 -0.45
2017-09-30 -0.24
2017-06-30 -0.30
2017-03-31 -0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Perdoceo Education is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Perdoceo Education's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perdoceo Education has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Perdoceo Education performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perdoceo Education's growth in the last year to its industry (Consumer Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perdoceo Education has delivered over 20% year on year earnings growth in the past 5 years.
  • Perdoceo Education's 1-year earnings growth is less than its 5-year average (26.5% vs 43.3%)
  • Perdoceo Education's earnings growth has not exceeded the Europe Consumer Services industry average in the past year (26.5% vs 42.5%).
Earnings and Revenue History
Perdoceo Education's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perdoceo Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CE1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 627.70 70.59 416.45
2019-09-30 614.76 57.04 410.84
2019-06-30 605.49 53.71 411.97
2019-03-31 591.08 63.10 408.82
2018-12-31 581.30 55.79 401.90
2018-09-30 578.91 -2.82 403.24
2018-06-30 578.21 -14.39 415.85
2018-03-31 582.39 -18.59 423.35
2017-12-31 596.44 -30.88 452.49
2017-09-30 608.57 -16.27 489.33
2017-06-30 631.21 -20.27 506.96
2017-03-31 667.62 -12.31 524.13
2016-12-31 704.39 -14.82 548.20
2016-09-30 749.08 157.45 549.01
2016-06-30 784.94 113.26 581.69
2016-03-31 819.15 80.64 624.75
2015-12-31 847.27 53.02 668.58
2015-09-30 994.14 -163.84 871.82
2015-06-30 973.48 -151.91 802.45
2015-03-31 942.82 -145.43 782.73
2014-12-31 913.96 -142.56 756.03
2014-09-30 629.14 -113.21 430.98
2014-06-30 690.49 -115.34 547.75
2014-03-31 760.52 -122.33 631.57
2013-12-31 1,017.23 -169.28 827.80
2013-09-30 1,074.80 -141.97 927.79
2013-06-30 1,146.79 -133.22 934.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Perdoceo Education has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Perdoceo Education used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Perdoceo Education has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Perdoceo Education's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perdoceo Education has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Perdoceo Education's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perdoceo Education's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perdoceo Education is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perdoceo Education's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Perdoceo Education's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Perdoceo Education has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perdoceo Education Company Filings, last reported 3 months ago.

DB:CE1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 431.30 0.00 294.18
2019-09-30 401.94 0.00 281.83
2019-06-30 381.25 0.00 279.90
2019-03-31 380.32 0.00 239.57
2018-12-31 355.20 0.00 228.82
2018-09-30 339.65 0.00 188.37
2018-06-30 322.92 0.00 184.75
2018-03-31 312.97 0.00 182.24
2017-12-31 296.21 0.00 174.29
2017-09-30 339.39 0.00 168.08
2017-06-30 334.95 0.00 163.60
2017-03-31 327.07 0.00 156.59
2016-12-31 321.50 0.00 197.19
2016-09-30 355.02 0.00 206.81
2016-06-30 354.16 0.00 190.48
2016-03-31 341.41 0.00 170.40
2015-12-31 337.61 38.00 181.82
2015-09-30 194.44 0.00 185.73
2015-06-30 238.47 0.00 183.29
2015-03-31 257.95 0.00 192.43
2014-12-31 281.93 10.00 216.69
2014-09-30 305.68 0.00 237.66
2014-06-30 352.63 0.00 262.69
2014-03-31 398.13 0.00 302.51
2013-12-31 455.38 0.00 350.06
2013-09-30 491.13 0.00 83.13
2013-06-30 569.74 0.00 229.87
  • Perdoceo Education has no debt.
  • Perdoceo Education has no debt compared to 5 years ago when it was 3.5%.
  • Perdoceo Education has no debt, it does not need to be covered by operating cash flow.
  • Perdoceo Education has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Perdoceo Education's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perdoceo Education has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Perdoceo Education's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Perdoceo Education dividends.
If you bought €2,000 of Perdoceo Education shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Perdoceo Education's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Perdoceo Education's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CE1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Consumer Services Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 2.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CE1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2020-04-07

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Perdoceo Education has not reported any payouts.
  • Unable to verify if Perdoceo Education's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Perdoceo Education's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Perdoceo Education has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Perdoceo Education's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perdoceo Education afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perdoceo Education has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Perdoceo Education's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Todd Nelson
COMPENSATION $7,198,735
AGE 60
TENURE AS CEO 4.7 years
CEO Bio

Mr. Todd S. Nelson has been the Chief Executive Officer and President of Career Education Corp. since August 12, 2015. Mr. Nelson served as the Chief Executive Officer of Education Management LLC since February 2007 until August 2012. He served as the Chief Executive Officer of Education Management Corporation (EDMC) from February 2, 2007 to August 15, 2012. He served as the President of Education Management LLC, from February 20, 2007 to December 2008 and Education Management LLC since February 2007. He was an Independent Consultant of EDMC from January 2006 to January 2007 and for Apollo Group, Inc. (alternate name Apollo Education Group, Inc.) from 1987 to January 2006. Mr. Nelson served as Chief Executive Officer of Apollo Group Inc. from August 2001 to January 2006, President from February 1998 to January 2006 and its Chairman of the Board from June 2004 to January 12, 2006. He joined Apollo in 1987 as Director of the University of Phoenix's Utah campus. He served as Vice President of Apollo Group Inc. from 1994 to February 1998 and an Executive Vice President of University of Phoenix from 1989 to February 1998. Mr. Nelson’s career has focused on the for-profit education industry for nearly 30 years. Mr. Nelson has experienced and led strategic growth initiatives during his prior industry positions, which provides insight and perspective as the Company implements its transformation strategy and seeks a return to sustainable growth. Mr. Nelson served as General Manager of Amembal and Isom from 1985 to 1987. He served as a General Manager for Vickers & Company from 1984 to 1985. He has extensive experience in higher education and distance learning. Mr. Nelson served as a Marketing Director of Summa Corporation from 1983 to 1984. He served as the Chairman of the Board at Education Management Corporation from August 15, 2012 to November 8, 2013 and served as its Director from February 20, 2007 to November 8, 2013. Mr. Nelson serves as a Member of Advisory Board at Clickety-Split, Inc. Mr. Nelson has been a Director of Career Education Corp. since August 12, 2015 and served as Director of Education Management LLC since February 2007 until November 2013. He served as a Director of Hypercom Corporation from April 3, 2006 to October 10, 2006 and Apollo Group Inc. until January 2006. He served as a Director of Voyager Learning Company (formerly ProQuest Co.) from January 4, 2004 to February 7, 2008. From 1987 to 1989, he served as a Director of University of Phoenix's Utah campus. He was a Member of the faculty at University of Nevada at Las Vegas from 1983 to 1984. Mr. Nelson holds a Masters degree in Business Administration from the University of Nevada and a Bachelor of Science degree from Brigham Young University.

CEO Compensation
  • Todd's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Todd's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Perdoceo Education management team in years:

4.5
Average Tenure
56
Average Age
  • The tenure for the Perdoceo Education management team is about average.
Management Team

Todd Nelson

TITLE
President
COMPENSATION
$7M
AGE
60
TENURE
4.7 yrs

Ashish Ghia

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
42
TENURE
2.6 yrs

Jeffrey Ayers

TITLE
Senior VP
COMPENSATION
$2M
AGE
58
TENURE
12.3 yrs

John Kline

TITLE
Senior Vice President of American Intercontinental University
COMPENSATION
$1M
AGE
56
TENURE
4.5 yrs

Andrew Hurst

TITLE
Senior Vice President of Colorado Technical University
COMPENSATION
$2M
AGE
56
TENURE
4.5 yrs

Michele Peppers

TITLE
VP of Accounting & Reporting and Chief Accounting Officer
AGE
43
TENURE
5 yrs

Dave Czeszewski

TITLE
Senior VP & Chief Information Officer
COMPENSATION
$1M
AGE
55
TENURE
19 yrs

Christina Kline

TITLE
Chief Marketing Officer
TENURE
1.2 yrs

Beth Boeke

TITLE
Senior VP & Chief Human Resources Officer
TENURE
2.3 yrs

Virginia Carpenter

TITLE
Managing Director of Gibbs Division and Vice President of Gibbs Division
Board of Directors Tenure

Average tenure and age of the Perdoceo Education board of directors in years:

8
Average Tenure
61
Average Age
  • The tenure for the Perdoceo Education board of directors is about average.
Board of Directors

Thomas Lally

TITLE
Independent Chairman of the Board
COMPENSATION
$208K
AGE
75
TENURE
4.5 yrs

Todd Nelson

TITLE
President
COMPENSATION
$7M
AGE
60
TENURE
4.7 yrs

Leslie Thornton

TITLE
Independent Director
COMPENSATION
$173K
AGE
61
TENURE
14.3 yrs

Greg Jackson

TITLE
Independent Director
COMPENSATION
$173K
AGE
52
TENURE
11.4 yrs

Kenda Gonzales

TITLE
Independent Director
COMPENSATION
$173K
AGE
61
TENURE
3.5 yrs

William Hansen

TITLE
Independent Director
COMPENSATION
$158K
AGE
60
TENURE
2.4 yrs

Dennis Chookaszian

TITLE
Independent Director
COMPENSATION
$158K
AGE
75
TENURE
17.5 yrs

Pat Gross

TITLE
Independent Director
COMPENSATION
$173K
AGE
74
TENURE
14.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Nov 19 Sell Jeffrey Ayers Individual 11. Nov 19 11. Nov 19 -9,099 €14.48 €-131,734
18. Sep 19 Sell Andrew Hurst Individual 16. Sep 19 17. Sep 19 -28,042 €17.35 €-483,888
26. Aug 19 Sell David Czeszewski Individual 22. Aug 19 23. Aug 19 -14,659 €20.06 €-289,278
20. Aug 19 Sell John Kline Individual 19. Aug 19 19. Aug 19 -5,000 €20.03 €-100,146
20. Aug 19 Sell Michele Peppers Individual 16. Aug 19 19. Aug 19 -10,000 €20.05 €-199,840
16. Aug 19 Sell Michele Peppers Individual 15. Aug 19 15. Aug 19 -5,000 €19.42 €-97,085
14. Aug 19 Sell David Czeszewski Individual 12. Aug 19 13. Aug 19 -18,186 €19.43 €-347,414
X
Management checks
We assess Perdoceo Education's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perdoceo Education has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Perdoceo Education Corporation operates colleges, institutions, and universities that provide education to student population in various career-oriented disciplines through online, campus based, and blended learning programs in the United States. It operates through three segments: Colorado Technical University, American InterContinental University, and All Other Campuses. The company offers doctoral, master’s, bachelor’s, and associate degrees, as well as certificate programs. It also provides academic programs in the career-oriented disciplines of business studies, nursing, computer science, engineering, information systems and technologies, cybersecurity, criminal justice, and healthcare management; and educational programs in culinary arts, as well as patisserie and baking. As of December 31, 2018, the company had a total student enrollment of approximately 34,400 students. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was founded in 1994 and is headquartered in Schaumburg, Illinois.

Details
Name: Perdoceo Education Corporation
CE1
Exchange: DB
Founded: 1994
$721,991,522
70,151,357
Website: http://www.perdoceoed.com
Address: Perdoceo Education Corporation
231 North Martingale Road,
Schaumburg,
Illinois, 60173,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PRDO Common Stock Nasdaq Global Select US USD 29. Jan 1998
DB CE1 Common Stock Deutsche Boerse AG DE EUR 29. Jan 1998
Number of employees
Current staff
Staff numbers
3,125
Perdoceo Education employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:50
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.