TAL Education Group ADR

TAL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$2.70	Jmz	Ndgk

TAL Education Group in Transition Period

Philip Gorham

Mar 2, 2022

Beijing’s clampdown on China's education sector has slammed the bottom line of TAL Education Group, or TAL Education. The company recorded a net loss of USD 99.4 million for the third-quarter fiscal year 2022, ended in calendar year November 2021, compared with a net loss of USD 43.6 million over the same period in 2020. The reported net revenue of USD 1.02 billion for the third quarter of fiscal year 2022 dropped 8.8% year over year. The basic and diluted net loss per ADS were both USD 0.15, the non-GAAP basic and diluted net loss per ADS, excluding share-based compensation expenses, were both USD 0.09. TAL Education’s cash and cash equivalent reached a total of USD 2.8 billion.

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