What is Hunan Huamin Holdings Co Earnings Yield (Joel Greenblatt) %?
Hunan Huamin Holdings Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥4,517 Mil.
Hunan Huamin Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥-313 Mil. Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -6.93%.
The historical rank and industry rank for Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:300345'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -19.13 Med: 0.21 Max: 6.48
Current: -7.86
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Hunan Huamin Holdings Co was 6.48%. The lowest was -19.13%. And the median was 0.21%.
SZSE:300345's Earnings Yield (Joel Greenblatt) % is ranked worse than 89.67% of 3048
companies
in the Industrial Products industry
Industry Median: 4.27
vs SZSE:300345: -7.86
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) %. Hunan Huamin Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
Hunan Huamin Holdings Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Hunan Huamin Holdings 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.
Hunan Huamin Holdings Co Earnings Yield (Joel Greenblatt) % Chart
For the Metal Fabrication subindustry, Hunan Huamin Holdings 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.
Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
Hunan Huamin Holdings 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.
Hunan Huamin Holdings Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Hunan Huamin Holdings Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥-313 Mil.
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.
Hunan Huamin Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hunan Huamin Holdings Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hunan Huamin Holdings Co (SZSE:300345) Business Description
Hunan Huamin Holdings Co Ltd is engaged in provision of high-efficiency ball mill comprehensive energy-saving technology in the mining, cement and thermal power industries; industrial promotion of controlled ion infiltration (PIP) technology. The company produces, processes and sells rinding balls, grinding sections, roller wear-resistant parts and various wear-resistant new materials; production, sales and disassembly of lining plates; research and development, production and sales of polymer materials; research and development of energy-saving technologies for ball mills, among others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SZSE:300345 has been successfully added to your 