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China New Economy Fund (HKSE:00080) EV-to-EBIT : -2.44 (As of May. 23, 2024)


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What is China New Economy Fund EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, China New Economy Fund's Enterprise Value is HK$127.64 Mil. China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil. Therefore, China New Economy Fund's EV-to-EBIT for today is -2.44.

The historical rank and industry rank for China New Economy Fund's EV-to-EBIT or its related term are showing as below:

HKSE:00080' s EV-to-EBIT Range Over the Past 10 Years
Min: -16.01   Med: -0.03   Max: 37.69
Current: -2.42

During the past 13 years, the highest EV-to-EBIT of China New Economy Fund was 37.69. The lowest was -16.01. And the median was -0.03.

HKSE:00080's EV-to-EBIT is ranked worse than
100% of 494 companies
in the Asset Management industry
Industry Median: 9.74 vs HKSE:00080: -2.42

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. China New Economy Fund's Enterprise Value for the quarter that ended in Dec. 2023 was HK$131.60 Mil. China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil. China New Economy Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -39.71%.


China New Economy Fund EV-to-EBIT Historical Data

The historical data trend for China New Economy Fund's EV-to-EBIT 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.

China New Economy Fund EV-to-EBIT Chart

China New Economy Fund Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 -1.08 -23.44 -1.56 -2.52

China New Economy Fund Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
EV-to-EBIT 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -23.44 - -1.56 - -2.52

Competitive Comparison of China New Economy Fund's EV-to-EBIT

For the Asset Management subindustry, China New Economy Fund's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


China New Economy Fund's EV-to-EBIT Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, China New Economy Fund's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where China New Economy Fund's EV-to-EBIT falls into.



China New Economy Fund EV-to-EBIT Calculation

China New Economy Fund's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=127.640/-52.255
=-2.44

China New Economy Fund's current Enterprise Value is HK$127.64 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil.

* 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.


China New Economy Fund  (HKSE:00080) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

China New Economy Fund's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 ) =EBIT / Enterprise Value (Q: Dec. 2023 )
=-52.255/131.5994
=-39.71 %

China New Economy Fund's Enterprise Value for the quarter that ended in Dec. 2023 was HK$131.60 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. China New Economy Fund's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-52.26 Mil.

* 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.


China New Economy Fund EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of China New Economy Fund's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


China New Economy Fund (HKSE:00080) Business Description

Traded in Other Exchanges
N/A
Address
50 Wing Lok Street, 22 Floor, CS Tower, Sheung Wan, Hong Kong, HKG
China New Economy Fund Ltd is a Hong Kong-based company principally engaged in investment. The principal investment objective of the Company is to achieve long-term capital appreciation through investing in private or listed enterprises in China, Hong Kong, Macau, and Taiwan. The Company operates through two segments. The Listed Securities segment is engaged in investment in listed securities. The Unlisted Securities segment is engaged in investment in private equity funds and private equities. The investment manager of the Company is China Everbright Securities (HK) Limited.

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