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K12 Inc Stock Research

LRN

39.57USD+0.06(+0.15%)Market Closed

Market Summary

USD39.57+0.06
Market Closed
0.15%

LRN Stock Price

LRN RSI Chart

LRN Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

17.22

Price/Sales (Trailing)

0.97

EV/EBITDA

7.51

Price/Free Cashflow

7.42

LRN Price/Sales (Trailing)

LRN Profitability

EBT Margin

7.81%

Return on Equity

11.76%

Return on Assets

6.12%

Free Cashflow Yield

13.48%

LRN Fundamentals

LRN Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

11.95%

Revenue Q/Q

7.83%

LRN Earnings

Earnings (TTM)

99.0M

Earnings Y/Y

20.71%

Earnings Q/Q

323.65%

Price Action

52 Week Range

30.6647.20
(Low)(High)

Last 7 days

-9.8%

Last 30 days

-7.4%

Last 90 days

20.0%

Trailing 12 Months

21.5%

LRN Financial Health

Current Ratio

3.73

Debt/Equity

0.49

Debt/Cashflow

0.58

LRN Investor Care

Shares Dilution (1Y)

3.78%

Diluted EPS (TTM)

2.32

Peers (Alternatives to K12)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
15.9B
13.1B
-6.98% 2.39%
10.8
1.21
35.61% 17.44%
12.2B
3.8B
-4.04% 50.83%
-28.74
3.24
-0.18% 43.92%
MID-CAP
10.1B
4.1B
-9.28% 3.97%
17.85
2.46
-0.83% -29.59%
8.9B
2.8B
-15.12% -10.88%
26.51
3.15
29.86% 54.02%
6.7B
3.5B
-12.48% 35.87%
12.03
1.92
- -
4.6B
2.0B
5.76% -40.61%
56.56
2.26
15.11% 14.45%
4.4B
6.4B
-15.76% -37.11%
19.6
0.68
8.41% -47.22%
3.4B
911.3M
-6.24% 17.06%
18.54
3.76
1.64% -29.07%
2.8B
3.9B
-16.96% -4.84%
41.26
0.71
23.18% -80.95%
2.1B
1.1B
-10.08% 41.71%
45.24
1.98
-5.85% -15.28%
2.1B
766.9M
-4.27% -47.65%
7.8
2.71
-1.21% 18387.93%
SMALL-CAP
1.7B
1.8B
-7.38% 21.46%
17.22
0.97
10.07% 40.67%
1.7B
1.4B
-10.61% 37.39%
4.39
1.17
29.69% 6022.49%
898.1M
695.2M
-8.22% 18.95%
9.37
1.29
0.31% -12.56%
84.1M
606.3M
-64.04% -79.48%
-0.73
0.14
44.78% -747.77%

Financials for K12

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.9%1,7611,7121,6871,6291,599
Gross Profit3.8%622600596565550
  S&GA Expenses2.4%476465440433440
EBITDA5.9%240226245224-
EBITDA Margin2.9%0.14*0.13*0.15*0.14*-
Earnings Before Taxes8.7%137126147125100
EBT Margin5.7%0.08*0.07*0.09*0.08*-
Net Income9.6%99.0090.0010790.0070.00
Net Income Margin6.6%0.06*0.05*0.06*0.05*-
Free Cahsflow23.7%230186197199-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.2%1,6191,6221,6441,5751,526
  Current Assets-0.2%929931951872816
    Cash Equivalents63.6%318195389309257
  Inventory-14.2%24.0028.0036.0024.0024.00
  Goodwill4643.8%2475.00241241241
Liabilities-6.9%777835831794792
  Current Liabilities-13.8%249289302250238
  Long Term Debt0.1%412412411411411
Shareholder's Equity7.0%842787813781734
  Retained Earnings24.8%255205227199156
  Additional Paid-In Capital0.7%689684687684681
Shares Outstanding0.1%43.0043.0043.0043.0042.00
Float-1,015----
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations22.8%240195207204202
  Share Based Compensation27.5%20.0016.0019.0023.0030.00
Cashflow From Investing6.9%-106-114-110-149-130
Cashflow From Financing31.1%-72.84-105-93.31-76.39-73.29

Risks for LRN

What is the probability of a big loss on LRN?

84.2%


Probability that K12 stock will be more than 20% underwater in next one year

47.3%


Probability that K12 stock will be more than 30% underwater in next one year.

36.5%


Probability that K12 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 LRN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if K12 was unfortunately bought at previous high price.

Drawdowns

Returns for LRN

Cumulative Returns on LRN

5.5%


10-Year Cumulative Returns

20.7%


7-Year Cumulative Returns

21.6%


5-Year Cumulative Returns

18.2%


3-Year Cumulative Returns

What are the long-term rolling returns for LRN?

FIve years rolling returns for K12.

Annualized Returns

Which funds bought or sold LRN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
12.87
-193,900
1,017,100
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-29.48
-51,000
54,000
-%
2023-02-28
Voya Investment Management LLC
unchanged
-
-168,715
492,285
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
55.04
52,000
390,000
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
sold off
-100
-89,000
-
-%
2023-02-21
MACQUARIE GROUP LTD
sold off
-
-22,000
-
-%
2023-02-17
TRUIST FINANCIAL CORP
new
-
292,843
292,843
-%
2023-02-15
Steward Partners Investment Advisory, LLC
unchanged
-
-10,720
31,280
-%
2023-02-15
Kiwi Wealth Investments Limited Partnership
reduced
-0.21
-554,378
1,806,950
0.12%
2023-02-15
State of Wyoming
sold off
-100
-150,000
-
-%

1–10 of 37

Latest Funds Activity

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

K12 News

DirectorsTalk Interviews

Stride - Consensus Indicates Potential 29.5% Upside.

DirectorsTalk Interviews,
3 days ago

DirectorsTalk Interviews

InvestorsObserver

Insider Monkey

The Motley Fool

Why Stride Stock Soared Today.

The Motley Fool,
53 days ago

Business Wire

Investor's Business Daily

Online Learning Stock With 164% Growth Audits Buy Zone.

Investor's Business Daily,
5 months ago

Investor's Business Daily

Schedule 13G FIlings of K12

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
boston partners
4.21%
1,811,476
SC 13G/A
Feb 10, 2023
dimensional fund advisors lp
7.3%
3,143,232
SC 13G/A
Feb 09, 2023
vanguard group inc
11.02%
4,743,708
SC 13G/A
Feb 07, 2023
blackrock inc.
15.4%
6,633,681
SC 13G/A
May 10, 2022
vanguard group inc
10.02%
4,285,669
SC 13G/A
Feb 14, 2022
boston partners
5.0%
2,138,987
SC 13G
Feb 08, 2022
dimensional fund advisors lp
6.6%
2,823,246
SC 13G/A
Feb 03, 2022
blackrock inc.
7.1%
3,020,389
SC 13G/A
Feb 12, 2021
dimensional fund advisors lp
7.6%
3,174,839
SC 13G/A
Feb 10, 2021
vanguard group inc
8.56%
3,554,797
SC 13G/A

LRN Fair Value

K12 fair value in different scenarios

The table shows the Fair Value estimates for K12 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

29.05

-26.59%

34.50

-12.81%

53.08

34.14%

80.93

104.52%

97.26

145.79%
Current Inflation

27.08

-31.56%

31.74

-19.79%

47.65

20.42%

71.35

80.31%

85.08

115.01%
Very High Inflation

24.63

-37.76%

28.38

-28.28%

41.20

4.12%

60.16

52.03%

70.97

79.35%

Historical K12 Fair Value Estimates


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

Recent SEC filings of K12

View All Filings
Date Filed Form Type Document
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 13, 2023
SC 13G/A
Major Ownership Report
Feb 10, 2023
SC 13G/A
Major Ownership Report
Feb 09, 2023
SC 13G/A
Major Ownership Report
Feb 07, 2023
SC 13G/A
Major Ownership Report
Jan 27, 2023
4
Insider Trading
Jan 27, 2023
4
Insider Trading

Latest Insider Trading transactions for LRN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-13
Blackman Donna
sold (taxes)
-9,641
42.66
-226
chief financial officer
2023-02-13
Mathis Vincent
sold (taxes)
-60,363
42.66
-1,415
evp, general counsel
2023-02-13
Rhyu James Jeaho
sold (taxes)
-188,515
42.66
-4,419
chief executive officer
2023-02-13
Ottolenghi Les
sold (taxes)
-18,301
42.66
-429
chief info. & tech. officer
2023-02-12
Mathis Vincent
sold (taxes)
-72,217
41.6
-1,736
evp, general counsel
2023-02-12
Rhyu James Jeaho
sold (taxes)
-177,757
41.6
-4,273
chief executive officer
2023-02-12
Blackman Donna
sold (taxes)
-58,323
41.6
-1,402
chief financial officer
2023-02-12
Ottolenghi Les
sold (taxes)
-17,180
41.6
-413
chief info. & tech. officer
2023-01-26
Rhyu James Jeaho
sold (taxes)
-312,818
40.11
-7,799
chief executive officer
2023-01-26
Rhyu James Jeaho
sold
-1,438,650
40.49
-35,531
chief executive officer

1–10 of 50

About K12

LRN Income Statement

2022-12-31
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS    
Revenues$ 458,435$ 409,507$ 883,585$ 809,733
Instructional costs and services288,347261,950583,848535,774
Gross margin170,088147,557299,737273,959
Selling, general, and administrative expenses102,01590,642260,383224,021
Income from operations68,07356,91539,35449,938
Interest expense, net(2,082)(1,875)(4,128)(3,868)
Other income, net3,9703,8845,0073,795
Income before income taxes and loss from equity method investments69,96158,92440,23349,865
Income tax expense(18,860)(15,928)(11,353)(13,035)
Loss from equity method investments(396)(992)(847)(709)
Net income attributable to common stockholders$ 50,705$ 42,004$ 28,033$ 36,121
Net income attributable to common stockholders per share:    
Basic (in dollars per share)$ 1.20$ 1.01$ 0.66$ 0.88
Diluted (in dollars per share)$ 1.19$ 1.00$ 0.66$ 0.85
Weighted average shares used in computing per share amounts:    
Basic (in shares)42,259,06141,525,73642,167,84441,042,401
Diluted (in shares)42,547,33441,963,39942,602,40542,413,828

LRN Balance Sheet

2022-12-31
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Jun. 30, 2022
Current assets  
Cash and cash equivalents$ 318,279$ 389,398
Accounts receivable, net of allowance of $25,744 and $26,993442,166418,558
Inventories, net23,96036,003
Prepaid expenses43,82225,974
Other current assets100,58880,601
Total current assets928,815950,534
Operating lease right-of-use assets, net75,82385,457
Property and equipment, net68,12461,537
Capitalized software, net76,19271,800
Capitalized curriculum development costs, net50,55750,580
Intangible assets, net83,41088,669
Goodwill246,676241,022
Deposits and other assets89,69493,946
Total assets1,619,2911,643,545
Current liabilities  
Accounts payable32,80961,997
Accrued liabilities40,90963,200
Accrued compensation and benefits34,08373,027
Deferred revenue83,79953,630
Current portion of finance lease liability44,37737,389
Current portion of operating lease liability13,28112,830
Total current liabilities249,258302,073
Long-term finance lease liability28,92528,888
Long-term operating lease liability65,82775,127
Long-term debt412,260411,438
Deferred tax liability10,7523,205
Other long-term liabilities10,37010,233
Total liabilities777,392830,964
Commitments and contingencies
Stockholders' equity  
Preferred stock, par value $0.0001; 10,000,000 shares authorized; zero shares issued or outstanding
Common stock, par value $0.0001; 100,000,000 shares authorized; 48,431,576 and 48,112,664 shares issued; and 43,096,833 and 42,777,921 shares outstanding, respectively44
Additional paid-in capital688,695687,454
Accumulated other comprehensive income (loss)187143
Retained earnings255,495227,462
Treasury stock of 5,334,743 shares at cost(102,482)(102,482)
Total stockholders' equity841,899812,581
Total liabilities and stockholders' equity$ 1,619,291$ 1,643,545