51Talk Online Education Group (COE) - Net Assets
Based on the latest financial reports, 51Talk Online Education Group (COE) has net assets worth $-31.25 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($66.09 Million) and total liabilities ($97.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check 51Talk Online Education Group (COE) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-31.25 Million |
| % of Total Assets | -47.29% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 178.28 |
51Talk Online Education Group - Net Assets Trend (2013–2025)
This chart illustrates how 51Talk Online Education Group's net assets have evolved over time, based on quarterly financial data. See 51Talk Online Education Group liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for 51Talk Online Education Group (2013–2025)
The table below shows the annual net assets of 51Talk Online Education Group from 2013 to 2025. For live valuation and market cap data, see 51Talk Online Education Group market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-31.25 Million | -112.43% |
| 2024-12-31 | $-14.71 Million | -79.61% |
| 2023-12-31 | $-8.19 Million | -224.54% |
| 2022-12-31 | $6.58 Million | +105.80% |
| 2021-12-31 | $-113.43 Million | +14.52% |
| 2020-12-31 | $-132.70 Million | +11.29% |
| 2019-12-31 | $-149.59 Million | -6.90% |
| 2018-12-31 | $-139.94 Million | -36.69% |
| 2017-12-31 | $-102.38 Million | -616.74% |
| 2016-12-31 | $-14.28 Million | -7.43% |
| 2015-12-31 | $-13.30 Million | -174.13% |
| 2014-12-31 | $17.94 Million | +176.33% |
| 2013-12-31 | $6.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to 51Talk Online Education Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 36618585100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $339.05 Million | % |
| Total Equity | $-31.36 Million | 100.00% |
51Talk Online Education Group Competitors by Market Cap
The table below lists competitors of 51Talk Online Education Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MODISON LIMITED
NSE:MODISONLTD
|
$113.05 Million |
|
It's Skin Co Ltd
KO:226320
|
$113.06 Million |
|
Global Mediacom Tbk
JK:BMTR
|
$113.07 Million |
|
King Polytechnic Engineering Co Ltd
TWO:6122
|
$113.09 Million |
|
HORNG SHIUE HOLDING Co Ltd
TW:2243
|
$112.99 Million |
|
Western Carriers India Ltd
NSE:WCIL
|
$112.96 Million |
|
Siam Pan Group PCL
BK:SPG
|
$112.91 Million |
|
Codexis Inc
NASDAQ:CDXS
|
$112.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in 51Talk Online Education Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from -15,000,000 to -31,357,133, a change of -16,357,133.
- Net loss of 16,848,442 reduced equity.
- Other comprehensive income increased equity by 684,000.
- Other factors decreased equity by 192,691.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-16.85 Million | -53.73% |
| Other Comprehensive Income | $684.00K | +2.18% |
| Other Changes | $-192.69K | -0.61% |
| Total Change | $- | % |
Book Value vs Market Value Analysis
This analysis compares 51Talk Online Education Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $408.59 | $26.40 | x |
| 2014-12-31 | $1129.07 | $26.40 | x |
| 2015-12-31 | $-358.83 | $26.40 | x |
| 2016-12-31 | $-171.05 | $26.40 | x |
| 2017-12-31 | $-1221.98 | $26.40 | x |
| 2018-12-31 | $-27.57 | $26.40 | x |
| 2019-12-31 | $-1746.42 | $26.40 | x |
| 2020-12-31 | $-1398.84 | $26.40 | x |
| 2021-12-31 | $-1201.22 | $26.40 | x |
| 2022-12-31 | $70.54 | $26.40 | x |
| 2023-12-31 | $-88.03 | $26.40 | x |
| 2024-12-31 | $-155.57 | $26.40 | x |
| 2025-12-31 | $-317.99 | $26.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently 51Talk Online Education Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.58%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-25.53%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -45.24% | -82.14% | 0.34x | 1.61x | $-3.59 Million |
| 2014 | -91.41% | -194.79% | 0.23x | 2.04x | $-18.19 Million |
| 2015 | 0.00% | -211.47% | 0.53x | 0.00x | $-49.05 Million |
| 2016 | 0.00% | -123.07% | 0.54x | 0.00x | $-72.71 Million |
| 2017 | 0.00% | -68.49% | 1.08x | 0.00x | $-78.73 Million |
| 2018 | 0.00% | -36.38% | 1.13x | 0.00x | $-46.58 Million |
| 2019 | 0.00% | -7.06% | 1.05x | 0.00x | $35.13K |
| 2020 | 0.00% | 6.76% | 0.93x | 0.00x | $34.51 Million |
| 2021 | 0.00% | 2377.92% | 0.00x | 0.00x | $30.08 Million |
| 2022 | -195.29% | -85.35% | 0.54x | 4.20x | $-13.50 Million |
| 2023 | 0.00% | -55.45% | 0.87x | 0.00x | $-14.20 Million |
| 2024 | 0.00% | -14.27% | 1.15x | 0.00x | $-5.74 Million |
| 2025 | 0.00% | -17.58% | 1.45x | 0.00x | $-13.71 Million |
Industry Comparison
This section compares 51Talk Online Education Group's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $821,368,581
- Average return on equity (ROE) among peers: -20.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| 51Talk Online Education Group (COE) | $-31.25 Million | -45.24% | N/A | $113.01 Million |
| ATA Creativity Global (AACG) | $247.75 Million | -37.21% | 1.32x | $30.18 Million |
| Afya Ltd (AFYA) | $3.00 Billion | 7.44% | 1.15x | $744.00 Million |
| Ambow Education Holding Ltd (AMBO) | $165.96 Million | 28.00% | 4.89x | $6.45 Million |
| American Public Education Inc (APEI) | $349.73 Million | -32.88% | 0.96x | $967.07 Million |
| Adtalem Global Education Inc (ATGE) | $1.46 Billion | 6.41% | 0.93x | $3.40 Billion |
| Bright Scholar Education Holdings Ltd Class A (BEDU) | $606.11 Million | -164.37% | 4.02x | $17.48 Million |
| Chegg Inc (CHGG) | $944.62 Million | 8.73% | 0.83x | $117.56 Million |
| China Liberal Education Holdings (CLEU) | $4.61 Million | 18.85% | 0.14x | $336.66K |
| Coursera Inc (COUR) | $616.19 Million | -18.92% | 0.49x | $1.53 Billion |
About 51Talk Online Education Group
51Talk Online Education Group, through its subsidiaries, engages in providing online education platform with English language education services to students in the People's Republic of China, Hong Kong, the Philippines, Singapore, Malaysia, and Thailand. It operates online and mobile education platforms that enable students to take live interactive English and Chinese lessons, on demand, fosterin… Read more