What is China Shanshui Cement Group Earnings Yield (Joel Greenblatt) %?
China Shanshui Cement Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$6,165 Mil.
China Shanshui Cement Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-760 Mil. China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -12.33%.
The historical rank and industry rank for China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00691'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -14.55 Med: 14.71 Max: 58.44
Current: -11.71
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Shanshui Cement Group was 58.44%. The lowest was -14.55%. And the median was 14.71%.
HKSE:00691's Earnings Yield (Joel Greenblatt) % is ranked worse than 95.15% of 392
companies
in the Building Materials industry
Industry Median: 5.8
vs HKSE:00691: -11.71
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) %. China Shanshui Cement Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 21.04%. 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.
China Shanshui Cement Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for China Shanshui Cement Group'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.
* Premium members only.
China Shanshui Cement Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) %
For the Building Materials subindustry, China Shanshui Cement Group'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.
China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) % falls into.
China Shanshui Cement Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
China Shanshui Cement Groups 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.
China Shanshui Cement Group (HKSE:00691) Earnings Yield (Joel Greenblatt) % Explanation
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.
China Shanshui Cement Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Shanshui Cement Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Shanshui Cement Group (HKSE:00691) Business Description
China Shanshui Cement Group Ltd is a cement producer in China. The company manufactures and sells cement, clinker, and concrete in several provinces of China. Its geographic segments include Shandong Province which contributes to the majority of revenue and several other provinces of China that include Northeastern China, Shanxi Province, and Xinjiang Region. Its products are used for national key projects, railways, highways, airports, real estates and other infrastructure construction and exported to more than 60 countries and other international markets.
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