What is Litian Pictures Holdings Earnings Yield (Joel Greenblatt) %?
Litian Pictures Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$556.7 Mil.
Litian Pictures Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-136.5 Mil. Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -24.51%.
The historical rank and industry rank for Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:09958'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -65.22 Med: -22.7 Max: 33.74
Current: -14.64
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Litian Pictures Holdings was 33.74%. The lowest was -65.22%. And the median was -22.70%.
HKSE:09958's Earnings Yield (Joel Greenblatt) % is ranked worse than 81.91% of 1056
companies
in the Media - Diversified industry
Industry Median: 3.035
vs HKSE:09958: -14.64
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) %. Litian Pictures Holdings'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.
Litian Pictures Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Litian Pictures Holdings'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.
For the Entertainment subindustry, Litian Pictures Holdings'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.
Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Litian Pictures Holdingss 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.
Litian Pictures Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Litian Pictures Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Litian Pictures Holdings (HKSE:09958) Business Description
Litian Pictures Holdings Ltd is a a drama series distribution company in the People's Republic of China. It is engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, it is engaged in other businesses, which include selling drama series scripts; acting as a distribution agent of the broadcasting rights of TV series; and investing in drama series in which it acts as a non-executive producer. It operates in three segments namely, Self-produced drama series; Outright-purchased drama series; and Others. It derives all its revenue from production, distribution and licensing of broadcasting rights of drama series in China.
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