Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.

Sunlands Technology Group

STGNYSE
Wall Street Score · overall investment74/100
$2.44USD+$0.04 (+1.67%)
Company website www.sunlands.com
HeadquartersBuilding 4-6, Beijing, BE, 100012, CN
Financial statement currencyCNY · converted to USD at 0.149493
Consumer Defensive · Education & Training Services
Price from Oct 29, 2026Financials updated Oct 22, 2026

STG · Price history

Price at last available close

$2.44

−$0.48 (-16.44%) 1M

2026-10-28

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Company & revenue

About Sunlands Technology Group

Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.

Who they are

Sunlands Technology Group, operating through its various divisions, delivers online educational services throughout the People's Republic of China. The company specializes in post-secondary academic programs, including comprehensive preparation for the Self-Taught Higher Education Examination (STE) — a pathway for students seeking associate diplomas or bachelor's degrees — as well as training for Master of Business Administration (MBA) entrance exams. Its extensive STE course offerings span numerous disciplines, such as Chinese language and literature, legal studies, pre-school education, marketing, English, human resource management, various business administration and management fields (including modern corporate governance, financial management), advertising, accounting, administrative management, computer information management, finance, convention management, chain operation management, and visual communication and design.

How they make money

Sunlands Technology Group generates revenue primarily through the provision of online education services, including professional certification preparation and personal interest courses. The company operates on a direct-to-consumer model where students pay tuition fees for access to online learning platforms, live-streamed lectures, and educational materials.

Products & services

The company provides online professional certification courses, vocational training, and personal interest learning programs designed for adult learners in China.

Brands & revenue mix

Sunlands

The primary brand under which the company conducts its online education business.

Separate brand revenue is not available in this research.Source

Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.

Product / operating segments

No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.

Geographic revenue

No reconciled geographic revenue breakdown was confirmed for the current research period.

Customer types

Customer concentration

The company does not rely on any single customer for a significant portion of its revenue, as its business model is based on a large volume of individual student enrollments.

Suppliers, materials & equipment

  • Cloud service providers — The company relies on third-party cloud computing and server infrastructure providers to host its online learning platforms and deliver educational content.Source

Strengths

  • Established brand presence in China's adult online education marketSource

Risks

  • Changes in PRC laws and regulations regarding online educationSource
  • Dependence on the VIE structure for operations in ChinaSource

Wall Street Score

Overall investment score · Quality, value, risk and opportunity

74

Strong

PoorElite

View category scores →

Company Quality

How good is the actual business—regardless of today’s stock price?

73

Strong

Financial Strength

95

Business Quality / Moat

59

Management

100

Growth Quality

7

Risk / Durability

92

Great Company · Attractive Price

Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.

Opportunity

Opportunity Score · How does the current price compare with estimated value?

69

Fully Valued

Based on current valuation, company quality, recent trends, and available market signals.

View score details →

Model Outlook

12-month model · What does the model think happens next?

62/100

Building Historical Record

Model Score 62/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.

Probability unavailable — the model has not produced a calibrated probability yet.

Click for full breakdown →

WSS View

The quick read

The overall Wall Street Score is strong across its combined quality, valuation and risk inputs. Review Company Quality separately to assess the business without its share price.

At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.

The model outlook is currently moderate.

What we like
  • •Strong overall Wall Street Score
  • •Balance-sheet / debt profile scores strongly
  • •Valuation scores attractively
  • •Recent buyback activity is present
What to watch
  • •Revenue fundamentals are weak

Company-specific research

Questions worth answering for STG

Research inputs 100% complete

These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.

  • •What is driving STG's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
  • •Is STG's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
  • •How is STG likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
  • •Is STG's valuation discount tied to a temporary concern or to a longer-term business risk?
Business analysis: 16 days ago · Fresh

Essential Investment Snapshot

Wall Street Score

74

0–100 · Strong

Opportunity Score

69

0–100 · Fair

Market Cap

$32.7M

P/E Ratio

0.7

EPS

$3.60

52-Week High

$6.99

52-Week Low

$2.18

Beta

1.48

Intrinsic Value

$30.64

Shares Outstanding

13.5M

Total Revenue

$274.9M

Total Debt

$19.9M

Dividend

No current dividend

View dividend history

Liquidation Value / Share

$11.87

Estimated net asset value per share

Momentum & Volatility Signals

Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.

0–100 market signals
Momentum
23/ 100
+20 pts / 5d

Strong downward momentum

5D +3.0% · 20D -15.3% · RSI 37 · Price vs 20D avg -5.2%
Volatility
51/ 100
+8 pts / 5d

Normal movement

20D realized vol 57.3% · 60D 49.4% · Acceleration 1.16x
Momentum = Where is it going?

A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.

Volatility = How violently is it moving?

A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.

Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.

Notices for STG

Detected from reported data — verify before acting.

Historical repurchase activity

Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.

Community Sentiment

0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)

No personal call yet on STG.

Potential upside factors

  • +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
  • +Established brand presence in China's adult online education market.
  • +Positive free cash flow may provide capacity to invest in growth.

Potential downside factors

  • −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Education & Training Services industry.
  • −Changes in PRC laws and regulations regarding online education.
  • −Dependence on the VIE structure for operations in China.

These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.

Create a free account to make a call.

Scores

Click any score for full breakdown
Wall Street Score
Strong74/ 100
Weak (0–50)Fair (51–71)Strong (72+)

Strong

74

Tap for breakdown →

Elite

98

Debt Cost0.6%
Debt Reduction YoY25.8%
Debt / Equity0.15x

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Weak

42

Revenue YoY-8.9%
Revenue CAGR-3.3%
Net Margin17.6%

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Fair

55

Asset Growth YoY-3.5%
Liquidation/Share$11.87
Net Assets/MCap9.03x

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Elite

90

Earnings Yield159.3%
Buyback Yield3.5%
Debt Cost0.6%

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Elite

100

ROIC56.0%
ROE30.2%
ROA16.4%

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Fair

59

EPS Growth4.7%
FCF/Share Growth33.4%
Rev/Share Growth8.6%

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Elite

100

Intrinsic Value$30.64
Value Reference$18.38
MOS92.0%

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Strong

75

Revenue42
Moat59
Valuation100

Tap for breakdown →

Elite

100

MOS %92.0%
Value Reference$18.38
Deep Discount Reference$12.25

Tap for breakdown →

Poor

30

Interest Coverage521.7x
ROIC56.0%
FCF Yield70.1%

Tap for breakdown →

Fair

57

Financial30
Valuation100
Debt98

Tap for breakdown →

Fair

60

Survival Years0.7 yrs
Current Ratio1.21x
FCF Margin7.1%

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Score Changes

3 historical score records available

Previous Score

74

Oct 1, 2026

Change

+0.4

points

Current Score

74

Oct 22, 2026

Category Changes

Revenue0
Debt0
Assets0
Capital+5.0
Management0
Moat0
Valuation0
Buffett0

STG increased 0.4 points because Capital improved by 5 points.

Positive Contributors

  • + Capital improved by 5 points

Projected Score

Projected Score

69

Projected Change

-5.7 points

Preliminary comparable-period financial changes suggest decline of approximately 5.7 points. This is a projected estimate, not the official WallStreetScore.

Price vs. Value

Review model assumptions

This model estimate is more than three times the share price.

This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.

Stored EPS: $3.60 · Growth assumption: 0.0% · Earnings multiplier: 8.5×.

Current Price

$2.44

Model Intrinsic Value

$30.64

Difference

−$28.20

-92.0% vs IV

Margin of Safety

92.0%

Value Reference: $18.38
Deep Discount Reference: $12.25

Financial Charts

Revenue

20152016201720182019202020212022202320242025$0$95M$190M$285M$380M

Additional Metrics

Operating Cash Flow

201520172019202120232025-$130M-$65M$0$65M$130M

Total Debt

201520172019202120232025$0$60M$120M$180M$240M

Total Assets

201520172019202120232025$0$150M$300M$450M$600M

Net Margin %

No data
Monetary values in USD. Share counts in raw units.

Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.

Line ItemTTM2025202420232022202120202019201820172016
Revenue$274.9M$302.0M$297.5M$322.8M····························
Cost of Revenue$35.7M$39.5M$47.5M$39.7M····························
Gross Profit$239.2M$262.4M$250.0M$283.1M····························
Research & Development$4.3M$4.4M$3.7M$5.0M····························
SG&A Expenses$171.6M$191.6M$201.8M$192.2M····························
Operating Expenses$175.9M$196.0M$205.5M$197.2M····························
EBITDA$63.7M$68.6M$58.5M$106.8M····························
Operating Income$63.3M$66.4M$44.5M$85.9M····························
Interest Expense$26K$127K$791K$1.1M····························
Income Before Tax$60.2M$63.5M$51.3M$99.6M····························
Income Tax Expense$11.8M$8.9M$194K$3.8M····························
Net Income$48.4M$54.7M$51.1M$95.8M····························
Basic EPS$3.60$3.95$3.75$6.94····························
Basic Shares13.27M13.47M13.65M13.80M····························
Diluted Shares13.27M13.47M13.65M13.80M····························
Upgrade to Premium for up to 10 annual periods, where available.
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Earnings Summary

Estimated earnings date:Nov 25, 2026
Estimated EPS: -$69.00Estimated revenue: $84.3M
Jun 30, 2026Q2FY2026

Revenue

$60.6M

Estimate unavailable.

Revenue Beat/Miss

Not available (no estimate stored)

EPS

$0.93

Estimate unavailable.

EPS Beat/Miss

Not available (no estimate stored)

Debt Change

-18.4%

Cash Change

-11.2%

Margin Change

-3.0 pp

Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.

Financial Changes Since Prior Period

What Improved

  • Debt reduced

What Weakened

  • Margins contracted
  • Cash position declined

Potential Score Impact

Positive indicators included debt levels. Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.

Stored Earnings Analysis

Revenue declined 24.8%. EPS declined 33.4%. Cash declined 11.2%. Total debt declined 18.4%. Net income margin declined by 3.0 percentage points.

Earnings-Call Transcript

Earnings-call transcript analysis is not currently available.

These results may influence future scores when the next evaluation is completed.

Upgrade to Premium to unlock all earnings history.View plans
Earnings data: 120 days ago · Stale

Insider Activity

Guru / Smart Money

Guru Score

Smart Money

Number of Gurus

Total Guru Value

Avg Portfolio Weight

Largest Holder

Largest Holder %

New Positions

Increased Positions

Reduced Positions

Exited Positions

Net Guru Sentiment

Loading data...

Short Interest

Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.

Dividend History

Dividend data is not available yet. Missing data does not mean this company pays no dividend.

Conservative Projected Values

3 Years

$———.——

Premium

5 Years

$———.——

Premium

10 Years

$———.——

Premium

Conservative Projection Rate

——%

Premium

Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.

Conservative Projected Values

Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.

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Historical Outperformance Record

Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.

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Historical Trends

3 historical records
Jul 24, 26Oct 1, 26Oct 22, 260255075100

Historical Score Chart

3 of 3 records shown

Wall Street Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Debt Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Revenue Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Asset Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Capital Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Management Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Moat Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Valuation Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Buffett Score

Jul 24, 26Oct 1, 26Oct 22, 260255075100

Intrinsic Value

Jul 24, 26Oct 1, 26Oct 22, 26$30.40$31.20$32.00$32.80$33.60

Value Reference

Jul 24, 26Oct 1, 26Oct 22, 26$18.00$18.50$19.00$19.50$20.00

Margin of Safety %

Jul 24, 26Oct 1, 26Oct 22, 260.9%0.9%0.9%0.9%0.9%

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News

Rumor Mill · STG

Corporate developments & opportunities

Explore market →

No reviewed developments match this filter.

Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.

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