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Chegg Inc Stock Research

CHGG

15.68USD+0.25(+1.62%)Market Closed

Market Summary

USD15.68+0.25
Market Closed
1.62%

CHGG Alerts

CHGG Stock Price

CHGG RSI Chart

CHGG Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

7.44

Price/Sales (Trailing)

2.59

EV/EBITDA

15.42

Price/Free Cashflow

12.99

CHGG Price/Sales (Trailing)

CHGG Profitability

Operating Margin

74.26%

EBT Margin

13.55%

Return on Equity

23.88%

Return on Assets

10.82%

Free Cashflow Yield

7.7%

CHGG Fundamentals

CHGG Revenue

Revenue (TTM)

766.9M

Revenue Y/Y

-1.1%

Revenue Q/Q

24.56%

CHGG Earnings

Earnings (TTM)

266.6M

Earnings Y/Y

-92.36%

Earnings Q/Q

-99.26%

Price Action

52 Week Range

15.2537.64
(Low)(High)

Last 7 days

-4.6%

Last 30 days

-0.3%

Last 90 days

-39.7%

Trailing 12 Months

-56.1%

CHGG Financial Health

Current Ratio

8.24

CHGG Investor Care

Buy Backs (1Y)

7.65%

Diluted EPS (TTM)

1.34

Peers (Alternatives to Chegg)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
15.6B
13.1B
-4.99% -2.47%
10.58
1.19
35.61% 17.44%
12.1B
3.8B
-1.01% 30.98%
-28.51
3.22
-0.18% 43.92%
MID-CAP
10.2B
4.1B
-5.76% 2.97%
17.98
2.47
-0.83% -29.59%
8.9B
2.8B
-8.60% -12.99%
26.37
3.13
29.86% 54.02%
6.7B
3.5B
-9.48% 32.94%
12.03
1.92
- -
4.4B
6.4B
-11.76% -35.16%
19.86
0.69
8.41% -47.22%
4.4B
2.0B
-2.59% -43.51%
54.39
2.17
15.11% 14.45%
3.4B
911.3M
-5.75% 12.84%
18.38
3.72
1.64% -29.07%
2.8B
3.9B
-12.72% -4.84%
41.1
0.7
23.18% -80.95%
2.1B
1.1B
-4.90% 36.99%
45.75
2
-5.85% -15.28%
2.0B
766.9M
-0.32% -56.13%
7.44
2.59
-1.21% 18387.93%
SMALL-CAP
1.7B
1.8B
-10.77% 7.98%
16.83
0.95
10.07% 40.67%
1.7B
1.4B
-8.96% 22.48%
4.32
1.15
29.69% 6022.49%
871.9M
695.2M
-6.48% 12.58%
9.1
1.25
0.31% -12.56%
88.2M
606.3M
-60.02% -79.70%
-0.77
0.15
44.78% -747.77%

Financials for Chegg

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.3%767769776780776
Cost Of Revenue-2.1%197202224239255
Gross Profit0.4%570567553542521
Operating Expenses3.8%561540514475443
  S&GA Expenses5.6%148140135122105
  R&D Expenses-0.8%197198196185179
EBITDA-19.2%98.0012144.00121-
EBITDA Margin-18.9%0.13*0.16*0.06*0.16*-
Earnings Before Taxes-18.5%10412851.0078.006.00
EBT Margin-18.2%0.14*0.17*0.07*0.10*-
Interest Expenses5.2%-6.04-6.37-6.48-6.56-6.90
Net Income-7.8%26728944.0069.00-1.46
Net Income Margin-7.5%0.35*0.38*0.06*0.09*-
Free Cahsflow8.6%153141168175-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.8%2,4652,3982,6552,6622,919
  Current Assets10.9%1,1441,0321,4521,2471,623
    Cash Equivalents583.0%47469.00402268854
  Net PPE1.0%204202195188170
  Goodwill4.3%615590617641290
Liabilities-0.2%1,3491,3511,8361,8541,812
  Current Liabilities-3.2%139143134155114
Shareholder's Equity6.7%1,1171,0478198091,107
  Retained Earnings2.6%-70.55-72.41-323-331-337
  Additional Paid-In Capital2.0%1,2451,2211,2121,1771,449
Accumulated Depreciation-145----
Shares Outstanding0.8%126125126127137
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.6%256247272280273
  Share Based Compensation1.9%133131121119109
Cashflow From Investing-24.5%105139-84.8036.00-365
Cashflow From Financing28.0%-744-1,034-629-708467
  Buy Backs-48.1%324624600600300

Risks for CHGG

What is the probability of a big loss on CHGG?

90.4%


Probability that Chegg stock will be more than 20% underwater in next one year

65.4%


Probability that Chegg stock will be more than 30% underwater in next one year.

29.6%


Probability that Chegg stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CHGG drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Chegg was unfortunately bought at previous high price.

Drawdowns

Returns for CHGG

Cumulative Returns on CHGG

21.0%


7-Year Cumulative Returns

-6.0%


5-Year Cumulative Returns

-22.8%


3-Year Cumulative Returns

What are the long-term rolling returns for CHGG?

FIve years rolling returns for Chegg.

Annualized Returns

Which funds bought or sold CHGG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
BAILLIE GIFFORD & CO
reduced
-1.53
69,426,100
453,079,000
0.47%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-57.88
-502,272
512,728
-%
2023-03-06
Rockefeller Capital Management L.P.
new
-
7,000
7,000
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-1.26
26,000
166,000
-%
2023-03-01
B. Riley Financial, Inc.
added
13.33
7,538
46,538
0.01%
2023-03-01
B. Riley Financial, Inc.
reduced
-40.00
-12,821
21,179
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
199,823
1,204,820
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
17.45
2,162
8,162
-%
2023-02-24
NATIXIS
reduced
-72.36
-5,929,400
2,938,600
0.02%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
891,000
5,360,000
0.06%

1–10 of 35

Latest Funds Activity

Are funds buying CHGG calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CHGG
No. of Funds

Chegg News

Nasdaq

Guru Fundamental Report for CHGG.

Nasdaq,
8 hours ago

InvestorPlace

InvestorsObserver

Simply Wall St

InvestorsObserver

Schedule 13G FIlings of Chegg

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
9.84%
12,348,415
SC 13G/A
Feb 03, 2023
blackrock inc.
7.2%
9,026,981
SC 13G
Jan 18, 2023
baillie gifford & co
14.29%
17,929,525
SC 13G/A
Feb 09, 2022
vanguard group inc
8.53%
12,370,191
SC 13G/A
Feb 04, 2022
artisan partners limited partnership
3.6%
5,184,688
SC 13G/A
Jan 12, 2022
baillie gifford & co
13.11%
19,009,007
SC 13G/A
Dec 10, 2021
blackrock inc.
4.6%
6,673,444
SC 13G/A
Feb 10, 2021
vanguard group inc
8.55%
11,006,970
SC 13G/A
Feb 10, 2021
artisan partners limited partnership
5.8%
7,472,262
SC 13G
Feb 05, 2021
blackrock inc.
7.5%
9,640,704
SC 13G/A

CHGG Fair Value

Chegg fair value in different scenarios

The table shows the Fair Value estimates for Chegg for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

13.35

-14.86%

17.74

13.14%

27.22

73.60%

41.36

163.78%

57.20

264.80%
Current Inflation

12.40

-20.92%

16.21

3.38%

24.28

54.85%

36.26

131.25%

49.70

216.96%
Very High Inflation

11.23

-28.38%

14.34

-8.55%

20.80

32.65%

30.31

93.30%

41.02

161.61%

Historical Chegg Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Chegg

View All Filings
Date Filed Form Type Document
Mar 21, 2023
8-K
Current Report
Mar 17, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 14, 2023
4
Insider Trading
Mar 08, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for CHGG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-15
Schultz Nathan J.
sold
-112,801
16.0983
-7,007
chief operating officer
2023-03-12
FILLMORE JOHN PAUL
sold (taxes)
-156,961
15.89
-9,878
president, chegg skills
2023-03-12
FILLMORE JOHN PAUL
acquired
-
-
24,275
president, chegg skills
2023-03-12
BROWN ANDREW J
acquired
-
-
30,344
chief financial officer
2023-03-12
Lem Esther
sold (taxes)
-125,579
15.89
-7,903
chief marketing officer
2023-03-12
Schultz Nathan J.
acquired
-
-
30,344
chief operating officer
2023-03-12
Schultz Nathan J.
sold (taxes)
-196,210
15.89
-12,348
chief operating officer
2023-03-12
ROSENSWEIG DANIEL
acquired
-
-
60,688
president, ceo & co-chairman
2023-03-12
Lem Esther
acquired
-
-
19,420
chief marketing officer
2023-03-12
BROWN ANDREW J
sold (taxes)
-196,210
15.89
-12,348
chief financial officer

1–10 of 50

Daniel L. Rosensweig
1740
Chegg, Inc. operates direct-to-student learning platform that supports students starting with their academic journey and extending into their careers with products and services to support and help them better understand their academic course materials. The company offers Chegg Services, which include subscription services; and required materials that comprise its print textbooks and eTextbooks. Its subscription services include Chegg Study, which helps students master challenging concepts on their own; Chegg Writing that provides students with a suite of tools, such as plagiarism detection scans, grammar and writing fluency checking, expert personalized writing feedback, and premium citation generation; Chegg Math, a step-by-step math problem solver and calculator that helps students to solve problems; Chegg Study Pack, a bundle of various Chegg Services product offerings, including Chegg Study, Chegg Writing, and Chegg Math Solver services, which creates an integrated platform of connected academic support services; Busuu, an online language learning solution that offers a comprehensive solution through a combination of self-paced lessons, live classes with expert tutors, and the ability to learn and practice with members of the Busuu language learning community; and Thinkful, a skills-based learning platform that offers professional courses along with networking, interviewing, and career services. The company also provides other services, such as Chegg Life, Chegg Prep, and Chegg Internships; provides personal and professional development skills training; and rents and sells print textbooks and eTextbooks. Chegg, Inc. was incorporated in 2005 and is headquartered in Santa Clara, California.

CHGG Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Net revenues$ 766,897$ 776,265$ 644,338
Cost of revenues197,396254,904205,417
Gross profit569,501521,361438,921
Operating expenses:   
Research and development196,637178,821170,905
Sales and marketing147,660105,41481,914
General and administrative216,247159,019129,349
Total operating expenses560,544443,254382,168
Income from operations8,95778,10756,753
Interest expense, net and other income, net:   
Interest expense, net(6,040)(6,896)(66,297)
Other income (expense), net101,029(65,472)8,683
Total interest expense, net and other income (expense), net94,989(72,368)(57,614)
Income (loss) before benefit from (provision for) income taxes103,9465,739(861)
Benefit from (provision for) income taxes162,692(7,197)(5,360)
Net income (loss)$ 266,638$ (1,458)$ (6,221)
Net income (loss) per share   
Basic (in dollars per share)$ 2.09$ (0.01)$ (0.05)
Diluted (in dollars per share)$ 1.34$ (0.01)$ (0.05)
Weighted average shares used to compute net income (loss) per share   
Basic (in shares)127,557141,262125,367
Diluted (in shares)149,859141,262125,367

CHGG Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 473,677$ 854,078
Short-term investments583,973691,781
Accounts receivable, net of allowance of $394 and $153 at December 31, 2022 and December 31, 2021, respectively23,51517,850
Prepaid expenses28,48135,093
Other current assets34,75423,846
Total current assets1,144,4001,622,648
Long-term investments216,233745,993
Textbook library, net011,241
Property and equipment, net204,383169,938
Goodwill615,093289,763
Intangible assets, net78,33340,566
Right of use assets18,83818,062
Deferred tax assets167,5241,365
Other assets20,61219,670
Total assets2,465,4162,919,246
Current liabilities  
Accounts payable12,36711,992
Deferred revenue56,27335,143
Accrued liabilities70,23467,209
Total current liabilities138,874114,344
Long-term liabilities  
Convertible senior notes, net1,188,5931,678,155
Long-term operating lease liabilities13,37512,447
Other long-term liabilities7,9857,383
Total long-term liabilities1,209,9531,697,985
Total liabilities1,348,8271,812,329
Commitments and contingencies
Stockholders’ equity:  
Preferred stock, $0.001 par value – 10,000,000 shares authorized, no shares issued and outstanding at December 31, 2022 and December 31, 202100
Common stock, $0.001 par value – 400,000,000 shares authorized; 126,473,827 and 136,951,956 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively126137
Additional paid-in capital1,244,5041,449,305
Accumulated other comprehensive loss(57,488)(5,334)
Accumulated deficit(70,553)(337,191)
Total stockholders’ equity1,116,5891,106,917
Total liabilities and stockholders’ equity$ 2,465,416$ 2,919,246