17 Education & Technology Group Inc. (YQ) intrinsic value & 10-year financials

17 Education & Technology Group Inc. (YQ) has a Graham intrinsic value of CNY 5.34 per share. Over the last 9 fiscal years revenue shrank 14.2% a year to CNY 106.0M, with an average return on invested capital of 4.1%.

Graham intrinsic value
CNY 5.34
Revenue (FY2025)
CNY 106.0M
Revenue growth (9-yr CAGR)
-14.2%
ROIC (10-yr avg)
4.1%
Free cash flow (FY2025)
CNY 30.5M

YQ 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 CNY 106.0M -CNY 154.4M -CNY 0.31 CNY 30.5M -154.3% -153.1%
FY2024 CNY 189.2M -CNY 192.9M -CNY 0.48 -CNY 148.6M -113.0% -118.5%
FY2023 CNY 171.0M -CNY 311.8M -CNY 0.68 -CNY 238.7M -200.5% -268.3%
FY2022 CNY 531.1M -CNY 177.9M -CNY 0.35 -CNY 466.7M -39.8% 187.7%
FY2021 CNY 2.2B -CNY 1.4B -CNY 2.92 -CNY 1.6B -67.5% 314.8%
FY2020 CNY 1.3B -CNY 1.3B -CNY 44.68 -CNY 612.5M -103.1% 47.1%
FY2019 CNY 406.2M -CNY 963.8M — -CNY 679.9M -246.2% 19.2%
FY2018 CNY 310.7M -CNY 656.1M — -CNY 452.8M -225.1% —
FY2017 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in CNY.

Executive summary

17 Education & Technology Group Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

17 Education & Technology Group Inc. has historically struggled to out-earn its cost of capital, averaging just -7.3% ROIC.

17 Education & Technology Group Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, 17 Education & Technology Group Inc. is modeled at -14.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.34 per share.

YQ stock: frequently asked questions

What is the intrinsic value of 17 Education & Technology Group Inc. (YQ) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -14.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, YQ's intrinsic value is about CNY 5.34 per share.

Does 17 Education & Technology Group Inc. generate free cash flow?

17 Education & Technology Group Inc. generated CNY 30.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 8 reported years.

What is YQ's return on invested capital?

Average ROIC over the last 9 fiscal years was 4.1%, and average return on equity was -12.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this YQ data come from?

From 17 Education & Technology Group Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 29, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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