What is Goldin Financial Holdings Earnings Yield (Joel Greenblatt) %?
Goldin Financial Holdings's Enterprise Value for the quarter that ended in Jun. 2021 was HK$2,302.4 Mil.
Goldin Financial Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was HK$-797.9 Mil. Goldin Financial Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was -34.60%.
The historical rank and industry rank for Goldin Financial Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00530's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 5.31 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Goldin Financial Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 was 0.00%. 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.
Goldin Financial Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Goldin Financial 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 Beverages - Wineries & Distilleries subindustry, Goldin Financial 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.
Goldin Financial Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Goldin Financial Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Goldin Financial 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.
Goldin Financial Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2021 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.
Goldin Financial Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Goldin Financial Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Goldin Financial Holdings (HKSE:00530) Business Description
Goldin Financial Holdings Ltd is an investment holding company. The company's operating segment includes Property; Winery and wine related; Factoring and Financial investments. It generates maximum revenue from the Property segment. The Property segment engages in property development and investment. Its Factoring segment engages in the provision of factoring services. The Winery and wine related segment engage in the trading of wines, wine storage, and the operation of vineyards and restaurants. Its Financial investments segment engages in securities and derivative investment and trading and investment in financial instruments. Geographically, it derives a majority of revenue from Hong Kong.
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