A little over a year ago, I picked ADvTech as my preferred education stock while highlighting the growth of Stadio . I did not like Curro at that point both operationally and from a valuation perspective. While a single year is an arbitrary measure of performance, Stadio is the clear winner when you view the three stocks’ relative performance to each other. Read: South Africa’s dysfunctional universities ADvTech has generated a comfortable price return of around 12% and comes in middle place.
Read: Rise in student numbers boosts Stadio’s profits Finally, the lowest valued stock is ADvTech’s 12.7 PE. Yet, if you look at the above, the group’s revenue growth is higher than both its peers. It has some financial leverage that sees its bottom line growing faster than Stadio, albeit with slower enrolment growth in the tertiary segment.