What is Differ Group Auto Earnings Yield (Joel Greenblatt) %?
Differ Group Auto's Enterprise Value for the quarter that ended in Jun. 2023 was HK$2,476 Mil.
Differ Group Auto's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-271 Mil. Differ Group Auto's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Differ Group Auto's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:06878'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -13.68 Med: 6.63 Max: 23.87
Current: -13.68
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Differ Group Auto was 23.87%. The lowest was -13.68%. And the median was 6.63%.
HKSE:06878's Earnings Yield (Joel Greenblatt) % is ranked worse than 93.87% of 538
companies
in the Credit Services industry
Industry Median: 0.465
vs HKSE:06878: -13.68
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) %. Differ Group Auto's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Differ Group Auto Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Differ Group Auto'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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Differ Group Auto Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Differ Group Auto's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, Differ Group Auto'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.
Differ Group Auto's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Differ Group Auto's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Differ Group Auto's Earnings Yield (Joel Greenblatt) % falls into.
Differ Group Auto 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.
Differ Group Autos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Differ Group Auto (HKSE:06878) 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.
Differ Group Auto Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Differ Group Auto's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Differ Group Auto (HKSE:06878) Business Description
Differ Group Auto Ltd, formerly Differ Group Holding Co Ltd provides finance leases to corporate customers, which are mainly small and medium enterprises, incorporated and operating in Mainland China. The reportable segments of the Group are, Financial services segment includes the provision of guarantee services, express loan services, consultancy services, finance lease services, financial securities services, and assets management in the PRC and Hong Kong; Property development and investment segment includes property development projects and property investment activities in the PRC; Trading of commodities segment includes trading of commodities in the PRC; and Automobile e-commerce includes online e-commerce platform in the automobile industry in the PRC.
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