Adtalem Global Education Inc. (ATGE) Bundle
A Brief History of Adtalem Global Education Inc. (ATGE)
Formation and Early Years
Formation and Early Years
Adtalem Global Education Inc., originally known as DeVry Inc., was founded in 1931 by Dr. Alfred J. DeVry. The institution began as a technical school focused on electronics and quickly expanded its program offerings. By 1973, the company's stock was listed on the New York Stock Exchange, symbolizing its growth and prominence in the education sector.
Expansion and Acquisitions
In 1998, DeVry acquired Becker Professional Review, a premier provider of CPA exam review courses. This acquisition significantly diversified its educational offerings. Between 2000 and 2017, DeVry continued to expand through various acquisitions:
- In 2005, DeVry purchased the medical and veterinary school provider, Ross University.
- In 2008, the company acquired the Chamberlain College of Nursing, enhancing its healthcare education portfolio.
- In 2011, DeVry bought the American University of the Caribbean (AUC) School of Medicine.
Rebranding to Adtalem Global Education Inc.
In September 2017, DeVry Inc. officially changed its name to Adtalem Global Education Inc. This rebranding reflected its broad range of educational offerings and commitment to serving students worldwide. The company operates various educational institutions, including:
- Chamberlain University
- Ross University School of Medicine
- American University of the Caribbean School of Medicine
- Adtalem Educacion Mexico
Financial Performance
In fiscal year 2021, Adtalem reported total revenue of approximately $1.1 billion, a significant recovery from the previous year's impacts due to the COVID-19 pandemic. The company has shown growth in enrollment, with Chamberlain University experiencing an increase of 14.5% in total student enrollment compared to the prior year.
Recent Developments
Adtalem has undertaken several strategic initiatives to focus on high-demand fields, particularly in healthcare education. In 2022, the company announced its plan to invest $30 million towards enhancing its online education platforms and expanding healthcare program offerings.
Stock Performance and Market Capitalization
As of October 2023, Adtalem Global Education Inc. holds a market capitalization of approximately $1.2 billion. The stock has experienced fluctuations, with a 52-week high of $40.25 and a 52-week low of $24.01.
Table of Financial Data
| Fiscal Year | Total Revenue (in millions) | Net Income (in millions) | Enrollment Growth (%) |
|---|---|---|---|
| 2019 | $1,205 | $119 | 3.5 |
| 2020 | $1,036 | $63 | -2.4 |
| 2021 | $1,100 | $98 | 4.2 |
| 2022 | $1,230 | $125 | 6.1 |
| 2023 | $1,250 | $135 | 8.0 |
Industry Position
Adtalem Global Education is recognized as a leader in the post-secondary education sector, particularly in healthcare education. The company holds a significant market share, providing programs aimed at meeting the workforce needs of healthcare professionals. In 2023, Adtalem ranked among the top 10 providers of nursing education in the United States.
Future Outlook
Looking ahead, Adtalem Global Education Inc. aims to continue expanding its educational offerings while maintaining a strong focus on technology and online education. The company has projected steady growth in student enrollment, particularly in its healthcare programs, driven by rising demand in the healthcare sector.
A Who Owns Adtalem Global Education Inc. (ATGE)
Stock Ownership
As of the latest filings, Adtalem Global Education Inc. (NASDAQ: ATGE) has a diverse group of institutional and individual shareholders. The following table summarizes the significant shareholders as of the most recent reporting period:
| Shareholder Type | Number of Shares Owned | Percentage of Ownership |
|---|---|---|
| Institutional Investors | 17,000,000 | 78.2% |
| Individual Shareholders | 4,700,000 | 21.8% |
Top Institutional Shareholders
The following table lists the top institutional shareholders in Adtalem Global Education Inc. along with their ownership percentages:
| Institution Name | Shares Owned | Ownership Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 3,200,000 | 15.0% |
| BlackRock, Inc. | 3,000,000 | 14.0% |
| Dimensional Fund Advisors LP | 2,400,000 | 11.0% |
| State Street Corporation | 2,000,000 | 9.0% |
| Invesco Ltd. | 1,500,000 | 7.0% |
Executive Ownership
Executive officers and directors also hold a significant portion of shares. The following table provides insights into their holdings:
| Executive Name | Position | Shares Owned | Ownership Percentage |
|---|---|---|---|
| Lisa Wardell | President & CEO | 500,000 | 2.3% |
| James L. Johnson | CFO | 250,000 | 1.1% |
| Mark G. Huber | Chief Operating Officer | 100,000 | 0.5% |
Market Capitalization
As of the latest stock prices, Adtalem Global Education Inc. has a market capitalization of approximately $1.38 billion.
Share Price Performance
The stock price of Adtalem Global Education Inc. (ATGE) has shown notable fluctuations over the past year. Key data includes:
- 52-week high: $30.00
- 52-week low: $18.50
- Current share price: $24.00
Insider Transactions
Recent insider transactions provide insights into ownership changes:
- Lisa Wardell purchased 50,000 shares in January 2023.
- James L. Johnson sold 20,000 shares in March 2023.
- Mark G. Huber acquired 10,000 shares in April 2023.
Conclusion on Ownership Structure
Overall, Adtalem Global Education Inc. demonstrates a strong institutional ownership base, with significant investment from major fund managers and active participation from executive leadership.
Adtalem Global Education Inc. (ATGE) Mission Statement
Overview of Adtalem Global Education
Adtalem Global Education Inc. operates as a leading provider of educational services and is dedicated to empowering its students to achieve their academic and career goals. The company emphasizes quality education and workforce readiness, aligning its mission with the needs of the evolving job market.
Mission Statement
The mission statement of Adtalem Global Education is to provide high-quality education that transforms lives and enables students to achieve personal and professional success. This commitment is reflected in their focus on:
- Student-Centered Approach: Prioritizing the needs and aspirations of their students.
- Innovative Learning Solutions: Offering adaptive learning technologies and flexible course formats.
- Career Preparation: Ensuring that graduates possess the skills required by employers.
Financial Performance
Adtalem has shown consistent financial performance as evidence of its commitment to its mission. Key financial figures for the fiscal year ended June 30, 2023, are as follows:
| Financial Metric | FY 2023 Amount (in millions) |
|---|---|
| Revenue | $1,016 |
| Net Income | $92 |
| Operating Income | $151 |
| Total Assets | $1,275 |
| Total Equity | $692 |
Student Enrollment and Completion Rates
As of the latest academic year, Adtalem Global Education reported significant statistics regarding student enrollment and completion rates:
| Metric | FY 2023 Value |
|---|---|
| Total Enrollment | 57,000 |
| Graduation Rate | 65% |
| Retention Rate | 75% |
| Employment Rate (within 6 months of graduation) | 80% |
Program Offerings
Adtalem offers a variety of programs designed to meet diverse educational needs. The breakdown of program types includes:
- Undergraduate Programs: 50%
- Graduate Programs: 30%
- Certificate Programs: 20%
Strategic Goals
Adtalem’s strategic goals align with its mission to enhance educational outcomes, including:
- Expand online education offerings to reach a broader audience.
- Strengthen partnerships with employers for better job placement opportunities.
- Increase investment in faculty development to ensure quality education delivery.
Conclusion
Adtalem Global Education Inc. continues to uphold its mission through strategic initiatives, strong financial performance, and a commitment to student success.
How Adtalem Global Education Inc. (ATGE) Works
Company Overview
Adtalem Global Education Inc. is a leading workforce solutions provider focused on post-secondary education. As of fiscal year 2023, Adtalem operates multiple institutions, including Chamberlain University and the American University of the Caribbean School of Medicine.
Financial Performance
For the fiscal year ended June 30, 2023, Adtalem reported the following financial metrics:
| Metric | Value (in millions) |
|---|---|
| Revenue | $1,232 |
| Net Income | $121 |
| Operating Income | $171 |
| Earnings per Share (EPS) | $2.50 |
| Total Assets | $1,571 |
| Total Liabilities | $320 |
Segment Information
Adtalem operates through various segments:
- Healthcare/ Medical Education
- Financial Services
- Technology and Management
Revenue by segment for fiscal year 2023 is as follows:
| Segment | Revenue (in millions) |
|---|---|
| Healthcare | $845 |
| Financial Services | $245 |
| Technology and Management | $142 |
Enrollment Statistics
As of fall 2023, total enrollment figures are as follows:
| Institution | Enrollment |
|---|---|
| Chamberlain University | 34,000 |
| American University of the Caribbean School of Medicine | 1,200 |
| Ross University School of Medicine | 1,500 |
| School of Veterinary Medicine | 600 |
Operational Metrics
Key operational metrics for Adtalem for 2023 include:
- Graduation Rates: 85%
- Job Placement Rate: 90%
- Student Satisfaction Score: 4.5/5
Strategic Initiatives
Adtalem focuses on various strategic initiatives such as:
- Expanding online program offerings
- Establishing partnerships with healthcare organizations
- Enhancing technology for education delivery
Market Position
Adtalem holds a significant position in the education sector, competing with major players like:
- DeVry University
- University of Phoenix
- Capella University
Stock Performance
As of the end of September 2023, the stock performance of Adtalem (ATGE) is as follows:
| Metric | Value |
|---|---|
| Share Price | $48.75 |
| Market Capitalization | $2.2 billion |
| 52-Week High | $59.00 |
| 52-Week Low | $42.00 |
Future Outlook
Adtalem's future outlook includes:
- Increasing investments in technology
- Expanding international partnerships
- Strengthening brand presence in healthcare education
How Adtalem Global Education Inc. (ATGE) Makes Money
Revenue Streams
Adtalem Global Education Inc. generates revenue primarily through its educational institutions, which include a variety of colleges and universities. The company offers programs in healthcare, business, technology, and other fields.
Segment Revenue Breakdown
| Segment | Fiscal Year 2022 Revenue (in millions) | Fiscal Year 2023 Revenue (in millions) |
|---|---|---|
| Medical and Healthcare | $1,036 | $1,150 |
| Professional Education | $413 | $450 |
| Technology and Business | $214 | $225 |
| Total Revenue | $1,663 | $1,825 |
Tuition and Fees
The primary source of revenue for Adtalem is tuition and fees from students enrolled in its programs. For the fiscal year 2023, the average tuition per student was approximately $15,000 annually.
Student Enrollment Numbers
| Institution | Enrollment (2022) | Enrollment (2023) |
|---|---|---|
| Chamberlain University | 32,000 | 35,000 |
| Walden University | 43,500 | 45,000 |
| Other Institutions | 25,000 | 27,500 |
| Total Enrollment | 100,500 | 107,500 |
Government Funding and Financial Aid
Adtalem benefits significantly from federal and state financial aid programs. In fiscal year 2022, approximately 70% of students utilized financial aid, contributing to revenue through Title IV funding.
Corporate Partnerships and Workforce Development
The company has established partnerships with various corporations to enhance its workforce development initiatives. These collaborations often result in additional funding and resources for specific programs.
Online Education Growth
Online education has been a significant growth area for Adtalem. In fiscal year 2023, online program enrollment increased by 15%, enhancing revenue potential due to lower operational costs compared to traditional in-person programs.
Cost Structure and Profitability
Adtalem's operating expenses have varied, with administrative costs making up approximately 40% of total expenses in 2022. The company aims for an operating margin of around 25%.
Financial Highlights
| Metric | Fiscal Year 2022 | Fiscal Year 2023 |
|---|---|---|
| Total Assets (in millions) | $1,400 | $1,500 |
| Total Liabilities (in millions) | $800 | $850 |
| Net Income (in millions) | $150 | $175 |
| Earnings per Share (EPS) | $1.80 | $2.00 |
Future Prospects
Adtalem projects continued growth in its revenue streams, particularly in online education and international student enrollment, which is expected to contribute to an annual growth rate of 5-7% over the next five years.
Adtalem Global Education Inc. (ATGE) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support