회사 개요
Coursera, Inc. operates as a global online learning platform providing education and skills training services across the United States, Europe, the Middle East, Africa, the Asia Pacific, and other international markets. The company functions within the Consumer Defensive sector and specifically within the Education & Training Services industry, positioning itself as a provider of guided projects, courses, and specializations to a diverse international audience. Coursera, Inc. holds a market capitalization of $948.16M and reported an annual revenue of $757.50M, supported by a workforce of 1307 employees. These financial figures indicate that the company maintains a significant operational footprint in the online education market, generating substantial revenue while managing a large-scale employee base to deliver its digital learning ecosystem.
재무 건전성
The company reported a revenue of $757.50M over the trailing twelve months, yet it recorded a net income of -$51,000,000 and an EBITDA of -$56,100,000, highlighting a substantial gap between top-line growth and profitability that points to a cost structure with significant operating expenses relative to earnings. Despite the negative net income and EBITDA, Coursera, Inc. generated a positive free cash flow of $79.90M, which suggests that the company possesses strong financial flexibility to fund operations and potentially invest in growth initiatives without relying on external financing. The company's gross margin stands at 54.6%, reflecting the efficiency of its core educational products, while the operating margin of -10.4% and profit margin of -6.7% indicate that overhead costs and general expenses are currently eroding a significant portion of the gross revenue. In terms of leverage, the company holds $792.60M in cash against a debt load of only $5.70M, resulting in a debt-to-equity ratio of 0.90, which characterizes a conservative balance sheet with minimal leverage risk. Furthermore, the current ratio of 2.51 demonstrates robust short-term liquidity, indicating that the company has more than sufficient current assets to cover its current liabilities. Return on Equity is recorded at -8.3% and Return on Assets at -4.3%, metrics that reveal that management effectiveness is currently challenged by the company's inability to generate positive returns on its capital base and asset holdings.
밸류에이션 평가
Coursera, Inc. does not have a trailing P/E ratio available, while the forward P/E is listed at 10.43, a disparity that implies the market is pricing in significant expected earnings growth to transform the company into a profitable entity in the future. The price-to-book ratio is 1.48, suggesting that the market values the company at a 48% premium over its book value, likely due to the intangible assets and brand value inherent in its online learning platform. Alternative valuation metrics show a price-to-sales ratio of 1.25 and an EV/EBITDA of -2.76, which suggests the stock is being valued primarily on its sales growth potential rather than current earnings power given the negative EBITDA. The stock has traded within a 52-week range bounded by a high of $13.56 and a low of $5.47, meaning the current valuation sits somewhere within this historical volatility band. With a beta of 1.35, the stock exhibits price volatility that is 35% higher than the broader market, indicating that investor sentiment towards the company is more sensitive to general market fluctuations than large-cap defensive stocks.
Growth & Income
Coursera, Inc. achieved a revenue growth of 9.9% year-over-year, whereas earnings growth is marked as N/A due to the company's current net losses, implying that the top-line expansion is outpacing profitability but has not yet translated into bottom-line growth. As a non-dividend payer, the company maintains a dividend yield of N/A and a payout ratio of 0.0%, indicating that all available earnings are retained and reinvested into the business rather than distributed to shareholders. The company's financial profile is characterized by aggressive top-line expansion in the education sector but a clear path required to achieve consistent profitability before it can support shareholder payouts. Overall, Coursera, Inc. presents a growth-oriented investment profile driven by revenue expansion in a competitive education industry while navigating the challenges of scaling operations to achieve positive earnings.