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Binjiang Service Group Co (HKSE:03316) Earnings Yield (Joel Greenblatt) % : 26.18% (As of Dec. 2023)


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What is Binjiang Service Group Co Earnings Yield (Joel Greenblatt) %?

Binjiang Service Group Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$2,726 Mil. Binjiang Service Group Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$714 Mil. Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 26.18%.

The historical rank and industry rank for Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

HKSE:03316' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.09   Med: 9.91   Max: 32.77
Current: 20.96

During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Binjiang Service Group Co was 32.77%. The lowest was 4.09%. And the median was 9.91%.

HKSE:03316's Earnings Yield (Joel Greenblatt) % is ranked better than
90.74% of 1857 companies
in the Real Estate industry
Industry Median: 4.17 vs HKSE:03316: 20.96

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) %. Binjiang Service Group Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 31.77%. 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.


Binjiang Service Group Co Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Binjiang Service Group Co'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.

Binjiang Service Group Co Earnings Yield (Joel Greenblatt) % Chart

Binjiang Service Group Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only 18.21 13.14 11.15 21.01 26.18

Binjiang Service Group Co Semi-Annual Data
Dec15 Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.15 - 21.01 - 26.18

Competitive Comparison of Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) %

For the Real Estate Services subindustry, Binjiang Service Group Co'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.


Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) % falls into.



Binjiang Service Group Co 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.

Binjiang Service Group Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=714.441/2725.8225
=26.21 %

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.



Binjiang Service Group Co  (HKSE:03316) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Binjiang Service Group Co Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Binjiang Service Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Binjiang Service Group Co (HKSE:03316) Business Description

Traded in Other Exchanges
N/A
Address
No. 189 Fengqi East Road, Xincheng Times Square, 12th Floor, Room 1201-1, Block 1, Building 1, Jianggan District, Hangzhou, CHN
Binjiang Service Group Co Ltd is a property management service provider in China. The Company's business segments are classified into property management services, value-added services to non-property owners and 5S value-added services. Geographically, the company has majority of its operations in China.
Executives
Qi Jiaqi
Bright Cloud Holding Limited 2201 Interest of corporation controlled by you
Cantrust (far East) Limited 2301 Trustee
Great Dragon Ventures Limited
Qi Jinxing
Infiniti Trust (asia) Limited 2301 Trustee
Great Splendor Holding Limited 2201 Interest of corporation controlled by you
Haoyu Ventures Limited
Jovial Success Global Holding Limited
Mo Jianhua
Splendid Force Holding Limited 2201 Interest of corporation controlled by you
Zhu Huiming

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