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Grand Canyon Education

DB:GKD
Snowflake Description

Flawless balance sheet and good value.

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

Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Grand Canyon Education has significant price volatility in the past 3 months.
GKD Share Price and Events
7 Day Returns
0%
DB:GKD
2.2%
Europe Consumer Services
2.1%
DE Market
1 Year Returns
-35.9%
DB:GKD
2.4%
Europe Consumer Services
-16.6%
DE Market
GKD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grand Canyon Education (GKD) 0% -5.6% -23.4% -35.9% 1.4% 67.6%
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
  • GKD underperformed the Consumer Services industry which returned 2.4% over the past year.
  • GKD underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
GKD
Industry
5yr Volatility vs Market

GKD Value

 Is Grand Canyon 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 Grand Canyon 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 Grand Canyon Education.

DB:GKD 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:GKD
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%) (4.85%))
0.778
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:GKD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grand Canyon 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:GKD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 263.00 Analyst x1 252.98
2021 293.00 Analyst x1 271.09
2022 313.03 Est @ 6.84% 278.59
2023 327.65 Est @ 4.67% 280.48
2024 337.97 Est @ 3.15% 278.30
2025 345.03 Est @ 2.09% 273.28
2026 349.67 Est @ 1.35% 266.40
2027 352.56 Est @ 0.82% 258.36
2028 354.18 Est @ 0.46% 249.66
2029 354.90 Est @ 0.21% 240.64
Present value of next 10 years cash flows $2,649.00
DB:GKD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $354.90 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$8,123.16
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $8,123.16 ÷ (1 + 3.96%)10
$5,507.81
DB:GKD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,649.00 + $5,507.81
$8,156.81
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,156.81 / 47.74
$170.85
DB:GKD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GKD represents 0.9153x of NasdaqGS:LOPE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.9153x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 170.85 x 0.9153
€156.37
Value per share (EUR) From above. €156.37
Current discount Discount to share price of €67.00
= -1 x (€67.00 - €156.37) / €156.37
57.2%

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

Current Discount
Amount off the current price Grand Canyon Education is available for.
Intrinsic value
>50%
Share price is €67 vs Future cash flow value of €156.37
Current Discount Checks
For Grand Canyon Education to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grand Canyon Education's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Grand Canyon 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 Grand Canyon Education's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grand Canyon Education's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GKD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $5.42
NasdaqGS:LOPE Share Price ** NasdaqGS (2020-04-07) in USD $73.2
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 Grand Canyon Education.

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

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

= 73.2 ÷ 5.42

13.5x

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

  • Grand Canyon Education is good value based on earnings compared to the Europe Consumer Services industry average.
  • Grand Canyon Education is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Grand Canyon Education's expected growth come at a high price?
Raw Data
DB:GKD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
6.4%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:GKD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.5x ÷ 6.4%

2.13x

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

  • Grand Canyon Education is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grand Canyon Education's assets?
Raw Data
DB:GKD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $30.27
NasdaqGS:LOPE Share Price * NasdaqGS (2020-04-07) in USD $73.2
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:GKD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 73.2 ÷ 30.27

2.42x

* Primary Listing of Grand Canyon Education.

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

  • Grand Canyon Education is overvalued based on assets compared to the Europe Consumer Services industry average.
X
Value checks
We assess Grand Canyon 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. Grand Canyon Education has a total score of 4/6, 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.

GKD Future Performance

 How is Grand Canyon 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
6.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grand Canyon Education expected to grow at an attractive rate?
  • Grand Canyon Education's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Grand Canyon Education's earnings growth is positive but not above the Germany market average.
  • Grand Canyon Education's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GKD Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GKD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 6.4%
DB:GKD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 9.5%
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:GKD 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:GKD Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 943 323 292 3
2020-12-31 856 295 265 3
2020-04-07
DB:GKD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 779 306 259
2019-09-30 743 298 258
2019-06-30 705 245 234
2019-03-31 767 156 229
2018-12-31 846 199 229
2018-09-30 939 132 222
2018-06-30 1,020 315 227
2018-03-31 1,002 314 221
2017-12-31 974 305 203
2017-09-30 947 294 183
2017-06-30 922 259 173
2017-03-31 895 261 161

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grand Canyon Education's earnings are expected to grow by 6.4% yearly, however this is not considered high growth (20% yearly).
  • Grand Canyon Education's revenue is expected to grow by 9.5% 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:GKD 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 Grand Canyon Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GKD Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 6.15 6.20 6.09 2.00
2020-12-31 5.57 5.58 5.55 2.00
2020-04-07
DB:GKD Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 5.42
2019-09-30 5.40
2019-06-30 4.89
2019-03-31 4.79
2018-12-31 4.81
2018-09-30 4.67
2018-06-30 4.79
2018-03-31 4.67
2017-12-31 4.31
2017-09-30 3.90
2017-06-30 3.71
2017-03-31 3.47

*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.
  • Grand Canyon Education is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Grand Canyon 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.
Grand Canyon Education has a total score of 2/6, 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.

GKD Past Performance

  How has Grand Canyon 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 Grand Canyon 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.
  • Grand Canyon Education's year on year earnings growth rate has been positive over the past 5 years.
  • Grand Canyon Education's 1-year earnings growth is less than its 5-year average (13.2% vs 17.4%)
  • Grand Canyon Education's earnings growth has not exceeded the Europe Consumer Services industry average in the past year (13.2% vs 42.5%).
Earnings and Revenue History
Grand Canyon 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 Grand Canyon Education Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GKD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 778.64 259.18 187.21
2019-09-30 742.94 258.04 177.15
2019-06-30 705.11 233.65 167.89
2019-03-31 767.11 228.57 158.39
2018-12-31 845.50 229.01 147.39
2018-09-30 939.37 221.74 145.64
2018-06-30 1,020.13 227.28 133.92
2018-03-31 1,001.61 221.09 135.16
2017-12-31 974.13 203.32 136.25
2017-09-30 947.38 183.04 137.69
2017-06-30 921.61 172.98 147.23
2017-03-31 894.59 160.76 143.19
2016-12-31 873.34 148.51 126.67
2016-09-30 844.64 138.65 137.62
2016-06-30 827.58 142.75 131.89
2016-03-31 811.03 140.90 128.56
2015-12-31 778.20 131.41 125.62
2015-09-30 752.22 126.39 123.70
2015-06-30 733.88 122.06 120.04
2015-03-31 717.75 119.36 116.95
2014-12-31 691.06 111.47 112.88
2014-09-30 663.53 104.53 111.21
2014-06-30 640.87 98.06 106.98
2014-03-31 623.74 94.05 105.21
2013-12-31 598.34 88.71 103.56
2013-09-30 577.19 83.46 102.15
2013-06-30 558.36 79.39 98.98

*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.
  • Grand Canyon Education has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grand Canyon Education used its assets more efficiently than the Europe Consumer Services industry average last year based on Return on Assets.
  • Grand Canyon Education's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grand Canyon 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.
Grand Canyon Education has a total score of 2/6, 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.

GKD Health

 How is Grand Canyon 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 Grand Canyon Education's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grand Canyon Education is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grand Canyon Education's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Grand Canyon 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.
  • Debt is covered by short term assets, assets are 1.5x debt.
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 Grand Canyon Education Company Filings, last reported 3 months ago.

DB:GKD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,443.43 140.92 143.87
2019-09-30 1,381.83 256.39 133.86
2019-06-30 1,327.81 256.31 80.01
2019-03-31 1,272.87 248.42 102.71
2018-12-31 1,213.60 59.91 189.35
2018-09-30 1,138.36 61.55 113.63
2018-06-30 1,100.30 63.19 298.15
2018-03-31 1,051.01 64.94 334.76
2017-12-31 985.95 66.62 242.75
2017-09-30 915.72 68.28 269.75
2017-06-30 872.21 69.94 155.70
2017-03-31 826.52 71.59 170.10
2016-12-31 773.69 98.25 108.57
2016-09-30 716.79 86.91 124.80
2016-06-30 680.28 101.57 93.99
2016-03-31 644.21 78.22 132.92
2015-12-31 610.25 79.88 106.40
2015-09-30 579.64 82.48 162.19
2015-06-30 543.33 83.19 134.24
2015-03-31 513.19 84.84 187.17
2014-12-31 476.23 86.49 166.02
2014-09-30 439.49 88.15 183.61
2014-06-30 407.29 89.80 176.71
2014-03-31 380.90 91.49 196.60
2013-12-31 344.84 93.21 164.24
2013-09-30 314.32 94.92 170.31
2013-06-30 288.55 96.66 139.24
  • Grand Canyon Education's level of debt (9.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.1% vs 9.8% today).
  • Debt is well covered by operating cash flow (217.4%, greater than 20% of total debt).
  • Grand Canyon Education earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Grand Canyon 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. Grand Canyon 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.

GKD Dividends

 What is Grand Canyon 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 Grand Canyon Education dividends.
If you bought €2,000 of Grand Canyon 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 Grand Canyon Education's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Grand Canyon 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:GKD 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:GKD 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 Grand Canyon Education has not reported any payouts.
  • Unable to verify if Grand Canyon Education's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Grand Canyon Education's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Grand Canyon 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 Grand Canyon 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 Grand Canyon Education afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grand Canyon 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.

GKD Management

 What is the CEO of Grand Canyon 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
Brian Mueller
COMPENSATION $2,361,195
AGE 65
TENURE AS CEO 11.8 years
CEO Bio

Mr. Brian E. Mueller has been the Chief Executive Officer of Grand Canyon Education, Inc. since July 1, 2008 and also serves as its President. Mr. Mueller serves as Chairman, President, Chief Executive Officer, and Member of Board of Trustees of Grand Canyon University. He served as the President of Apollo Education Group, Inc. (formerly Apollo Group Inc.), parent of University Of Phoenix from January 2006 to June 24, 2008 and also served as its Principal Executive Officer until June 24, 2008. He served as the Chief Operating Officer of Apollo Group Inc., from December 1, 2005 to January 2006. He has spent 19 years with Apollo. He served as the Chief Operating Officer and Senior Vice President of University of Phoenix's online campus from May 1997 to March 2002 and also its Chief Executive Officer from March 2002 to December 1, 2005. He served as Vice President /Campus Director at University of Phoenix, San Diego, from 1995 to 1997. He served as Vice President/Director of the New Mexico Campus from 1993 to 1995 and Director of Enrollment for the University of Phoenix, Phoenix Campus from 1990 to 1993. Prior to that, he served as an Enrollment Advisor of the Phoenix Campus. He had been with University of Phoenix since 1987. He has been Chairman of Grand Canyon Education, Inc. since January 18, 2017. He has been a Director at Grand Canyon Education, Inc. since March 2009. He serves as a Director of The Arizona Commerce Authority. He served as an Executive Director of Apollo Education Group, Inc. since March 29, 2006 and also served as its Director until June 24, 2008. From 1983 to 1987, he was a Professor for Concordia University. He received his Master of Arts in Education degree and Bachelor of Arts degree in Education from Concordia University.

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

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

7.8
Average Tenure
58
Average Age
  • The average tenure for the Grand Canyon Education management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Brian Mueller

TITLE
CEO, President & Chairman
COMPENSATION
$2M
AGE
65
TENURE
11.8 yrs

Dan Bachus

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
49
TENURE
11.8 yrs

W. Meyer

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
58
TENURE
7.8 yrs

Joe Mildenhall

TITLE
Chief Information Officer
COMPENSATION
$1M
AGE
65
TENURE
10.6 yrs

Dilek Marsh

TITLE
Chief Data Officer
COMPENSATION
$640K
AGE
45
TENURE
1.8 yrs

Lori Browning

TITLE
Senior VP
TENURE
0.7 yrs

Vince Grell

TITLE
Executive Vice President of University Partnerships
TENURE
1.6 yrs
Board of Directors Tenure

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

3.3
Average Tenure
68.5
Average Age
  • The tenure for the Grand Canyon Education board of directors is about average.
Board of Directors

Brian Mueller

TITLE
CEO, President & Chairman
COMPENSATION
$2M
AGE
65
TENURE
3.3 yrs

David Johnson

TITLE
Independent Director
COMPENSATION
$135K
AGE
72
TENURE
11.4 yrs

Jack Henry

TITLE
Independent Director
COMPENSATION
$150K
AGE
75
TENURE
11.4 yrs

Sara Dial

TITLE
Lead Independent Director
COMPENSATION
$178K
AGE
55
TENURE
3.3 yrs

Lisa Keegan

TITLE
Independent Director
TENURE
0.7 yrs

Chevy Humphrey

TITLE
Independent Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Grand Canyon Education individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Feb 20 Buy Jack Henry Individual 25. Feb 20 25. Feb 20 200 €76.03 €15,205
24. Feb 20 Buy Daniel Bachus Individual 24. Feb 20 24. Feb 20 1,000 €75.41 €75,408
24. Feb 20 Buy W. Meyer Individual 24. Feb 20 24. Feb 20 1,000 €75.03 €75,031
24. Feb 20 Buy Brian Mueller Individual 24. Feb 20 24. Feb 20 1,000 €75.03 €75,031
09. Dec 19 Sell Joseph Mildenhall Individual 06. Dec 19 06. Dec 19 -6,000 €79.76 €-478,546
05. Dec 19 Buy Lisa Keegan Individual 04. Dec 19 04. Dec 19 100 €78.56 €7,856
26. Aug 19 Sell Dilek Marsh Individual 26. Aug 19 26. Aug 19 -1,000 €114.12 €-114,122
X
Management checks
We assess Grand Canyon 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. Grand Canyon 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.

GKD News

Simply Wall St News

GKD Company Info

Description

Grand Canyon Education, Inc. provides education services to colleges and universities in the United States. The company’s technology services include learning management system, internal administration, infrastructure, and support services; academic services comprises program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support include admission, financial aid, and field experience counseling services. It also offers marketing and communication services, such as lead acquisition, digital communications strategy, brand identity, media planning and strategy, video, and data science and analysis services; and back office services comprising finance and accounting, human resources, audit, procurement services. The company, through its subsidiary, Orbis Education Services, LLC, supports healthcare education programs for 22 universities. Grand Canyon Education, Inc. was founded in 1949 and is based in Phoenix, Arizona.

Details
Name: Grand Canyon Education, Inc.
GKD
Exchange: DB
Founded: 1949
$3,211,153,205
47,743,704
Website: http://www.gce.com
Address: Grand Canyon Education, Inc.
2600 West Camelback Road,
Phoenix,
Arizona, 85017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LOPE Common Stock Nasdaq Global Select US USD 20. Nov 2008
DB GKD Common Stock Deutsche Boerse AG DE EUR 20. Nov 2008
Number of employees
Current staff
Staff numbers
3,875
Grand Canyon Education employees.
Industry
Education Services
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 21:40
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2020/02/20
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.