What is Kinetic Development Group Earnings Yield (Joel Greenblatt) %?
Kinetic Development Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$5,084 Mil.
Kinetic Development Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,781 Mil. Kinetic Development Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 54.64%.
The historical rank and industry rank for Kinetic Development Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01277'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.12 Med: 19 Max: 334.9
Current: 28.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kinetic Development Group was 334.90%. The lowest was -3.12%. And the median was 19.00%.
HKSE:01277's Earnings Yield (Joel Greenblatt) % is ranked better than 87.63% of 186
companies
in the Other Energy Sources industry
Industry Median: 5.41
vs HKSE:01277: 28.25
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) %. Kinetic Development Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 34.15%. 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.
Kinetic Development Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kinetic Development 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.
Kinetic Development Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kinetic Development Group's Earnings Yield (Joel Greenblatt) %
For the Thermal Coal subindustry, Kinetic Development 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.
Kinetic Development Group's Earnings Yield (Joel Greenblatt) % Distribution in the Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Kinetic Development Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kinetic Development Group's Earnings Yield (Joel Greenblatt) % falls into.
Kinetic Development 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.
Kinetic Development 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.
Kinetic Development Group (HKSE:01277) 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.
Kinetic Development Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kinetic Development Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kinetic Development Group (HKSE:01277) Business Description
Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment and other segment (mainly including planting and properties operations).
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