What is Jiumaojiu International Holdings Earnings Yield (Joel Greenblatt) %?
Jiumaojiu International Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$9,366 Mil.
Jiumaojiu International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$798 Mil. Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.52%.
The historical rank and industry rank for Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:09922'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.58 Med: 1.64 Max: 11.06
Current: 10.16
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Jiumaojiu International Holdings was 11.06%. The lowest was 0.58%. And the median was 1.64%.
HKSE:09922's Earnings Yield (Joel Greenblatt) % is ranked better than 88.8% of 357
companies
in the Restaurants industry
Industry Median: 3.74
vs HKSE:09922: 10.16
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) %. Jiumaojiu International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.55%. 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.
Jiumaojiu International Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* 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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Jiumaojiu International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) %
For the Restaurants subindustry, Jiumaojiu 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.
Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jiumaojiu International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Jiumaojiu 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.
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.
Jiumaojiu International Holdings (HKSE:09922) 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.
Jiumaojiu International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
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Jiumaojiu International Holdings (HKSE:09922) Business Description
Jiumaojiu International is a Chinese multibrand restaurant operator. The firm generates most of its revenue from Tai Er, a restaurant chain that is known for its sauerkraut fish (steamed fish smothered in pickled cabbage). Established in 2015, Tai Er is immensely popular, with over 400 outlets in China, and is frequented particularly by the post-1990s generation.Other key concepts include the namesake concept Jiu Mao Jiu (nearly 80 units) and a newly created restaurant concept Song Hot Pot (almost 30 outlets), but the company's portfolio also includes other brands such as Uncle Chef (Cantonese cuisine) and Lai Mei Li (Chinese grilled fish). All of Jiumaojiu's restaurants are company-owned, as the firm is focusing more on the quality of its restaurants over quantity.
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