구리 영어 #과외[인창동,교문동,수택동]수학 #과외
구리영어과외 구리수학과외
갈매초등학교, 교문중학교, 교문초등학교, 구리고등학교, 구리여자고등학교, 구리여자중학교, 구리중학교, 구리초등학교, 구지초등학교, 내양초등학교, 도림초등학교, 동구중학교, 동구초등학교, 동인초등학교, 백문초등학교, 부양초등학교, 서울삼육고등학교, 수택고등학교, 수택초등학교, 인창고등학교, 인창중학교, 인창초등학교, 장자중학교, 장자초등학교, 토평고등학교, 토평중학교, 토평초등학교 인창동 영어 과외 인창동 수학 과외
learning: Niche segment, nice positioning Its Virtual & Technology Enabled Learning Solutions (ViTELS) initiative is unique and differentiates it from peers. Setting up learning centres in schools and colleges (325 on last count), Everonn beams its lectures via VSATs. At a 45% Ebitda margin, this is the more attractive segment of its business, but we see ramp ups beginning to trail earlier expectations. The company’s coverage has not changed materially since its initial public offering in July 2007. We are assuming a
교문동 영어 과외 교문동 수학 과외 150-centre addition each year going forward. A potential alliance with an international player can help rejuvenate the expansion and add expertise on its course coverage. Growth in new segments a risk to our view Everonn has articulated expansion plans into school management as well as vocational training. These may create discontinuities in its future growth model, as these segments are not yet included in our estimates. The company manages one school in Cochin, and plans to expand into schools in industrial townships. Expensive valuations given market coverage On current earnings,
수택동 영어 과외 수택동 수학 과외 Everonn is 7% more expensive than Educomp on FY09 earnings, but due to its lower earnings-per-share (EPS) Cagr, it is 36% more expensive on FY10 EPS. While Educomp is also an expensive stock on current fiscal-year multiples, we believe Everonn’s portfolio will need to widen into larger market spaces to justify current valuations and give confidence in multi-year secular growth. Its current portfolio is exposed to both commoditisation and scalability risks. We rate the stock an Underperform. Everonn Systems - U-PF Indian education 74 bhavtosh.vajpayee@clsa.com 14 March 2008 Valuations need further backing IEIS - Institutional education & it infrastructure services Everonn signs three- to five-year agreements with state governments to install and run computer classes in public schools, mostly on a Boot (buildown-operate-transfer) basis. This business is tender-based and Everonn currently operates 3,156 schools in nine states, compared