What is Easyknit International Holdings Earnings Yield (Joel Greenblatt) %?
Easyknit International Holdings's Enterprise Value for the quarter that ended in Sep. 2023 was HK$5,567.2 Mil.
Easyknit International Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-35.7 Mil. Easyknit International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Easyknit International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01218'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -26.77 Med: 10.15 Max: 73.46
Current: -1.09
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Easyknit International Holdings was 73.46%. The lowest was -26.77%. And the median was 10.15%.
HKSE:01218's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.73% of 1859
companies
in the Real Estate industry
Industry Median: 4.15
vs HKSE:01218: -1.09
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) %. Easyknit International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 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.
Easyknit International Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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Easyknit International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Easyknit International Holdings's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Development subindustry, Easyknit International 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.
Easyknit International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Easyknit International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Easyknit International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Easyknit International Holdings 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.
Easyknit International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 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.
Easyknit International Holdings (HKSE:01218) 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.
Easyknit International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Easyknit International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Easyknit International Holdings (HKSE:01218) Business Description
Easyknit International Holdings Ltd is an investment holding company, that engages in the investment, development, and management of properties. The company operates through Property Investment, Property Development, Investment in Securities, and Loan Financing segments. The investment properties of the company include residential, commercial, and industrial properties. The firm's majority revenue comes from the Property Investment segment. Geographically, it derives revenue from Hong Kong.
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