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Price from Oct 29, 2026Financials updated Oct 22, 2026
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STG · Price history
Price at last available close
$2.44
−$0.48 (-16.44%) 1M
2026-10-28
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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.
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
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.
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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?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
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.
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Scores
Click any score for full breakdown
Wall Street Score
Strong74/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Elite
98
Debt Cost0.6%
Debt Reduction YoY25.8%
Debt / Equity0.15x
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Revenue
Weak
42
Revenue YoY-8.9%
Revenue CAGR-3.3%
Net Margin17.6%
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Asset
Fair
55
Asset Growth YoY-3.5%
Liquidation/Share$11.87
Net Assets/MCap9.03x
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Capital
Elite
90
Earnings Yield159.3%
Buyback Yield3.5%
Debt Cost0.6%
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Management
Elite
100
ROIC56.0%
ROE30.2%
ROA16.4%
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Moat
Fair
59
EPS Growth4.7%
FCF/Share Growth33.4%
Rev/Share Growth8.6%
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Valuation
Elite
100
Intrinsic Value$30.64
Value Reference$18.38
MOS92.0%
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Buffett
Strong
75
Revenue42
Moat59
Valuation100
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MOS
Elite
100
MOS %92.0%
Value Reference$18.38
Deep Discount Reference$12.25
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Financial
Poor
30
Interest Coverage521.7x
ROIC56.0%
FCF Yield70.1%
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Master
Fair
57
Financial30
Valuation100
Debt98
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Resilience
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.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
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 Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$274.9M
$302.0M
$297.5M
$322.8M
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Cost of Revenue
$35.7M
$39.5M
$47.5M
$39.7M
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····
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Gross Profit
$239.2M
$262.4M
$250.0M
$283.1M
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····
····
····
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Research & Development
$4.3M
$4.4M
$3.7M
$5.0M
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····
····
····
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SG&A Expenses
$171.6M
$191.6M
$201.8M
$192.2M
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Operating Expenses
$175.9M
$196.0M
$205.5M
$197.2M
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····
····
····
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EBITDA
$63.7M
$68.6M
$58.5M
$106.8M
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····
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Operating Income
$63.3M
$66.4M
$44.5M
$85.9M
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····
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Interest Expense
$26K
$127K
$791K
$1.1M
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····
····
····
····
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Income Before Tax
$60.2M
$63.5M
$51.3M
$99.6M
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····
····
····
····
····
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Income Tax Expense
$11.8M
$8.9M
$194K
$3.8M
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Net Income
$48.4M
$54.7M
$51.1M
$95.8M
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Basic EPS
$3.60
$3.95
$3.75
$6.94
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Basic Shares
13.27M
13.47M
13.65M
13.80M
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Diluted Shares
13.27M
13.47M
13.65M
13.80M
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Upgrade to Premium for up to 10 annual periods, where available.
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.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
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5 Years
$———.——
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10 Years
$———.——
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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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