What is NetDragon Websoft Earnings Yield (Joel Greenblatt) %?
NetDragon Websoft's Enterprise Value for the quarter that ended in Dec. 2023 was HK$5,963 Mil.
NetDragon Websoft's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$988 Mil. NetDragon Websoft's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 16.56%.
The historical rank and industry rank for NetDragon Websoft's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00777'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.59 Med: 9.43 Max: 46.45
Current: 18.62
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of NetDragon Websoft was 46.45%. The lowest was -2.59%. And the median was 9.43%.
HKSE:00777's Earnings Yield (Joel Greenblatt) % is ranked better than 89.74% of 575
companies
in the Interactive Media industry
Industry Median: 0
vs HKSE:00777: 18.62
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) %. NetDragon Websoft's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 18.72%. 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.
NetDragon Websoft Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for NetDragon Websoft'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.
Competitive Comparison of NetDragon Websoft's Earnings Yield (Joel Greenblatt) %
For the Electronic Gaming & Multimedia subindustry, NetDragon Websoft'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.
NetDragon Websoft's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, NetDragon Websoft's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where NetDragon Websoft'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.
NetDragon Websofts 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.
NetDragon Websoft Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of NetDragon Websoft's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
NetDragon Websoft (HKSE:00777) Business Description
NetDragon Websoft Inc is a Chinese holding company that engages in developing and operating online and mobile games as well as educational platforms. NetDragon's games include PC games, web-based games, mobile games, and e-sports games. PC games constitute the majority of the company's games sales. The company's game portfolio is composed of a range of games that appeal to various types of players. These games include Way of the Five, Eudemons Online, Conquer Online, Zero Online, and Heroes of Might & Magic Online. The company has operations in North America, Europe, and Asia.
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