What is Luyuan Group Holding (Cayman) Earnings Yield (Joel Greenblatt) %?
Luyuan Group Holding (Cayman)'s Enterprise Value for the quarter that ended in Dec. 2023 was HK$1,714 Mil.
Luyuan Group Holding (Cayman)'s EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$189 Mil. Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.05%.
The historical rank and industry rank for Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02451'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.36 Med: 18.43 Max: 25.81
Current: 12.02
During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Luyuan Group Holding (Cayman) was 25.81%. The lowest was 6.36%. And the median was 18.43%.
HKSE:02451's Earnings Yield (Joel Greenblatt) % is ranked better than 73.82% of 1310
companies
in the Vehicles & Parts industry
Industry Median: 6.035
vs HKSE:02451: 12.02
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) %. Luyuan Group Holding (Cayman)'s Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Luyuan Group Holding (Cayman) 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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Luyuan Group Holding (Cayman) Earnings Yield (Joel Greenblatt) % Chart
Luyuan Group Holding (Cayman) Annual Data
Trend
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
-
11.05
Luyuan Group Holding (Cayman) Semi-Annual Data
Dec20
Dec21
Dec22
Dec23
Earnings Yield (Joel Greenblatt) %
-
-
-
11.05
Competitive Comparison of Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) %
For the Auto Manufacturers subindustry, Luyuan Group Holding (Cayman)'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.
Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) % falls into.
Luyuan Group Holding (Cayman) 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.
Luyuan Group Holding (Cayman)s 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.
Luyuan Group Holding (Cayman) Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Luyuan Group Holding (Cayman)'s Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Luyuan Group Holding (Cayman) (HKSE:02451) Business Description
Luyuan Group Holding (Cayman) Ltd is an electric two-wheeled vehicle provider in mainland China, focusing on the design, research and development, manufacturing and selling of electric two-wheeled vehicles. It has built an offline sales and distribution network and embraced informatization and established online retail channels, continuously improving the penetration and coverage of its products.
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