What is Xingfa Aluminium Holdings Earnings Yield (Joel Greenblatt) %?
Xingfa Aluminium Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$2,942 Mil.
Xingfa Aluminium Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,153 Mil. Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 39.22%.
The historical rank and industry rank for Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00098'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.4 Med: 18.66 Max: 45.91
Current: 30.58
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Xingfa Aluminium Holdings was 45.91%. The lowest was 10.40%. And the median was 18.66%.
HKSE:00098's Earnings Yield (Joel Greenblatt) % is ranked better than 98.55% of 2688
companies
in the Metals & Mining industry
Industry Median: -11.705
vs HKSE:00098: 30.58
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Xingfa Aluminium Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 25.45%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Xingfa Aluminium Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Aluminum subindustry, Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Xingfa Aluminium Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Xingfa Aluminium Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Xingfa Aluminium Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xingfa Aluminium Holdings (HKSE:00098) Business Description
Xingfa Aluminium Holdings Ltd is engaged in the manufacturing and sale of aluminum profiles which are used in construction and industrial materials. The segments of the company are Industrial aluminum profiles which manufacture and sell plain aluminum profiles, mainly for industrial usage. The construction aluminum profiles segment derives the majority of revenue manufacture and selling aluminum profiles with surface finishing, including anodic oxidation aluminum profiles, electrophoresis coating aluminum profiles and powder coating aluminum profiles. All other segments include the revenue generated from processing service contracts related to aluminum products, the sale of office premises and residential properties, and the sale of aluminum panels, aluminum alloy, molds, and spare parts.
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