What is Gala Technology Holding Earnings Yield (Joel Greenblatt) %?
Gala Technology Holding's Enterprise Value for the quarter that ended in Dec. 2023 was HK$300.5 Mil.
Gala Technology Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$84.6 Mil. Gala Technology Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 28.17%.
The historical rank and industry rank for Gala Technology Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02458'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.71 Med: 8.16 Max: 55.56
Current: 47.17
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Gala Technology Holding was 55.56%. The lowest was 3.71%. And the median was 8.16%.
HKSE:02458's Earnings Yield (Joel Greenblatt) % is ranked better than 95.99% of 574
companies
in the Interactive Media industry
Industry Median: 0.01
vs HKSE:02458: 47.17
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) %. Gala Technology Holding'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.
Gala Technology Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Gala Technology Holding'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.
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Gala Technology Holding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Gala Technology Holding's Earnings Yield (Joel Greenblatt) %
For the Electronic Gaming & Multimedia subindustry, Gala Technology Holding'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.
Gala Technology Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Gala Technology Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Gala Technology Holding's Earnings Yield (Joel Greenblatt) % falls into.
Gala Technology Holding 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.
Gala Technology Holdings 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.
Gala Technology Holding (HKSE:02458) 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.
Gala Technology Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Gala Technology Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gala Technology Holding (HKSE:02458) Business Description
Gala Technology Holding Ltd is a mobile game developer, publisher and operator in China with a focus on mobile sports simulation games for global markets. The overall online sports game market includes all sports-themed games accessible to users on the internet, whereas, mobile sports simulation games refer specifically to online sports simulation games that are available on portable devices, such as tablets and smartphones. The Group's operations are operated and managed as a single segment, which is mobile sports game development, publishing and operation mainly in the PRC. The majority of revenue is from Web-based and mobile online game revenue.
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