What is CNQC International Holdings Earnings Yield (Joel Greenblatt) %?
CNQC International Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$4,210 Mil.
CNQC International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-7 Mil. CNQC International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -0.16%.
The historical rank and industry rank for CNQC International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01240'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.1 Med: 9.58 Max: 30.3
Current: -0.18
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of CNQC International Holdings was 30.30%. The lowest was -5.10%. And the median was 9.58%.
HKSE:01240's Earnings Yield (Joel Greenblatt) % is ranked worse than 73.67% of 1846
companies
in the Real Estate industry
Industry Median: 4.21
vs HKSE:01240: -0.18
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) %. CNQC International 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.
CNQC International Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for CNQC International 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.
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CNQC International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of CNQC International Holdings's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Diversified subindustry, CNQC International 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.
CNQC International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, CNQC International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where CNQC International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
CNQC International Holdings 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.
CNQC International 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.
CNQC International Holdings (HKSE:01240) 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.
CNQC International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of CNQC International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
CNQC International Holdings (HKSE:01240) Business Description
CNQC International Holdings Ltd is engaged in the development of properties. Along with subsidiaries, the company operates through four segments. The Foundation and construction - Hong Kong and Macau segment mainly represent the provision of foundation and construction work to property developers, loaning of labor and rental of machinery in Hong Kong and Macau. The Construction - Singapore and Southeast Asia segment mainly represents the provision of construction work to property developers, sales of goods, loaning of labor and rental of equipment in Singapore and Southeast Asia. The Property development - Singapore and Southeast Asia and Property development - Hong Kong segment represent the sales of completed property units in Singapore and Southeast Asia and Hong Kong.
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