One-glance verdict
Undervalued
$635.66 our estimate vs market $2.00
100% below our estimate, below the bear case
Fundamentals snapshot
VisionSys AI Inc.
VSA · NCM · Consumer Defensive · Education & Training Services
Current price
$2.00
52-week range
$1.50 - $161.00
Market cap
$5.59M
Balance sheet
Healthy
-420.85x Concerning
Net cash $8.01M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Free cash flow was positive in 4/10 years.
- Risk Insider ownership is only 0.0% (peer median: 32.8%).
What this company does
VisionSys AI Inc.
VisionSys AI Inc. provides STEM education programs for children in China, covering subjects like science, technology, engineering, and math, as well as computer coding and robotics. Their income primarily comes from these educational services, which matter because they tap into the growing demand for specialized skills for young learners.
How the company got here
VisionSys AI Inc., originally founded in 2002 as TCTM Kids IT Education Inc., has evolved significantly in the education sector. The company's journey has been marked by a strategic shift towards integrating technology into learning, culminating in its rebranding to VisionSys AI Inc. in September 2025. This name change reflects a deeper commitment to leveraging artificial intelligence and advanced digital tools within its educational offerings. Headquartered in Sanhe, China, the company has established itself as a provider of supplementary STEM education.
What it actually does
VisionSys AI Inc. provides supplementary education services focused on Science, Technology, Engineering, and Mathematics (STEM) for young learners in China. These programs are designed for children and teenagers, typically aged three to eighteen. The company aims to enhance students' understanding and skills in these critical fields through a blend of online and in-person learning experiences. Their offerings are built around making complex subjects accessible and engaging for a younger audience.
Online Learning
This segment of VisionSys AI Inc. focuses on delivering educational content and instruction through digital channels. It includes live-distance learning sessions where instructors teach students remotely, as well as pre-recorded online learning modules that students can access at their own pace. This approach allows the company to reach a wider student base across different geographical locations without the need for physical classroom attendance, making education more flexible and accessible. This is a significant part of how the company operates, serving a large portion of its student population.
Offline Learning Centers
VisionSys AI Inc. also operates physical learning centers where students can attend classes in person. These centers provide a structured classroom environment with instructors leading lessons and facilitating interactive learning activities. This segment complements the online offerings by providing a more traditional educational setting, catering to families who prefer or supplement their children's learning with face-to-face instruction. These centers are crucial for delivering hands-on experiences, especially in subjects like robotics.
IT-Focused Education Programs
A specialized area within VisionSys AI Inc.'s business involves offering IT-focused education programs. These courses delve into subjects like computer coding and robotics programming, equipping students with skills relevant to the rapidly advancing technology landscape. By focusing on these in-demand areas, the company aims to prepare students for future academic and career opportunities in technology-driven fields. This segment represents a growing and important part of their curriculum, addressing the increasing need for digital literacy.
What management is betting on now
Management at VisionSys AI Inc. is strategically focused on expanding its reach and enhancing its educational offerings through technology. The company is investing in its online learning platform to deliver more sophisticated and interactive educational experiences. This includes leveraging AI to personalize learning paths for students and improve instructional effectiveness. By prioritizing digital transformation and innovative teaching methods, VisionSys AI Inc. aims to solidify its position as a leading provider of STEM and IT education in China.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$149.00K
Net income
$245.80M
Diluted EPS
—
Operating cash flow
$-26.90M
Free cash flow
$-37.80M
Fetching…
Sources
Revenue
$160.41M
Net income
—
Diluted EPS
—
Operating cash flow
$-16.64M
Free cash flow
—
Fetching…
Sources
Is it cheap or expensive?
Fair value $635.66 vs current price $2.00
Our most-likely fair value is $635.66 a share — about 31,683.1% above today's price of $2.00, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Healthy
Net cash $8.0M - more cash than debt. Interest coverage -420.9x.
Net debt
$-8.01M
Interest coverage
-420.85x
VisionSys AI Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
VSA
BASELINE
VisionSys AI Inc.
Total debt $0.00 Interest coverage -420.85x This is the baseline the peer rows are being compared against.
Total debt $555.01K Interest coverage -10.93x Neither company has much profit cushion over interest right now.
Total debt $8.76M Interest coverage 1.78x This peer still has a real interest-payment cushion, while VSA does not.
Total debt $16.62M Interest coverage 2.22x This peer still has a real interest-payment cushion, while VSA does not.
Total debt $66.81M Interest coverage -4.28x Neither company has much profit cushion over interest right now.
What you should know
The case for and against VSA
1 Reward
1 Risk
Rewards
-
Free cash flow was positive in 4/10 years.
Risks
-
Insider ownership is only 0.0% (peer median: 32.8%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
—
P/B
0.03x
P/S
5.38x
EV/EBITDA
3.45x
PEG ratio
0.33x
Profitability
How much profit each dollar creates
Gross margin
22.0%
Operating margin
-1,825.0%
Net margin
165,436.9%
ROE
—
ROA
-11.4%
Health
Liquidity and balance-sheet strength
Debt / equity
—
Current ratio
14.43x
Quick ratio
13.99x
Total debt
$0.00
Total cash
$8.01M
Growth
How the business has been compounding
Revenue TTM
$712.09M
Revenue 5Y CAGR
-85.9%
EPS TTM
-71.76
EPS 5Y CAGR
435.2%
Cash flow
How much cash the business throws off
Operating CF TTM
$-64.28M
Free CF TTM
$-37.80M
FCF margin
-5.3%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
2018-04-04