Educomp (BOM:532696) has moved to new model of free cash flows; see Educomp Smart Class CAGR of 50%; Educomp target Rs 1000, FY11 EPS estimate at Rs 35: JPMorgan
Nishit Jasani of JPMorgan said that Educomp Solutions has moved to new model to free cash flows. The company is moving from annuity based to licensed based model. Educomp’s Smartclass Model has targeted at private schools. He is looking at CAGR for Educomp’s Smartclass Model of over 50%. He has set a price target of Rs 1000 and FY11 EPS estimate of Rs 35 on the stock.
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