Four Seasons Education (Cayman) Inc. Unsponsored ADR
FEDU Consumer Defensive Education & Training Services
Four Seasons Education (Cayman) Inc. Unsponsored ADR’s revenue for fiscal 2026 (year ended February 2026) was $37.1 million, up 7.62% from fiscal 2025. Revenue growth for three consecutive years, operating cash flow growth for three.
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Four Seasons Education (Cayman) Inc. Unsponsored ADR (FEDU) Altman Z-score
Four Seasons Education (Cayman) Inc. Unsponsored ADR's Altman Z-score for fiscal 2026 is 0.52, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 0.52 | 0.16 |
| FY2025 | 0.35 | (0.20) |
| FY2024 | 0.56 | (0.31) |
| FY2023 | 0.87 | (0.15) |
| FY2023 | 1.02 | (0.63) |
| FY2022 | 1.65 | (19.10) |
| FY2022 | 20.75 | 19.69 |
| FY2021 | 1.06 | (0.14) |
| FY2021 | 1.20 | 0.10 |
| FY2020 | 1.11 | (1.75) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.16 | — | 0.19 | |
| Retained earnings / total assets | (0.33) | — | −0.47 | |
| EBIT / total assets | 0.01 | — | 0.03 | |
| Market value of equity / total liabilities | 0.70 | — | 0.42 | |
| Sales / total assets | 0.34 | — | 0.34 | |
| Altman Z-score | Distress zone | 0.52 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Grey zone | 2.41 | ||
Z and Z″ put Four Seasons Education (Cayman) Inc. Unsponsored ADR in different zones: distress zone by Z, grey zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| IH iHuman Inc. Sponsored ADR compare | 2.8× |
| EDTK Skillful Craftsman Education Technology Limited compare | 2.5× |
| YOUL Youlife Group Inc. compare | 2.2× |
| JDZG JIADE Limited compare | 1.5× |
| FEDU Four Seasons Education (Cayman) Inc. Unsponsored ADR | 0.5× |
| RYET Ruanyun Edai Technology Inc compare | −1.1× |
| GNS Genius Group Limited compare | −1.1× |
| AACG ATA Inc. compare | −1.9× |
| YQ 17 Education & Technology Group Inc. Sponsored ADR compare | −25.6× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets