What is Greenland Hong Kong Holdings Earnings Yield (Joel Greenblatt) %?
Greenland Hong Kong Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$22,809 Mil.
Greenland Hong Kong Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-547 Mil. Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -2.40%.
The historical rank and industry rank for Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00337'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.05 Med: 10.75 Max: 48.99
Current: -3.58
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Greenland Hong Kong Holdings was 48.99%. The lowest was -8.05%. And the median was 10.75%.
HKSE:00337's Earnings Yield (Joel Greenblatt) % is ranked worse than 81.92% of 1847
companies
in the Real Estate industry
Industry Median: 4.15
vs HKSE:00337: -3.58
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) %. Greenland Hong Kong 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.
Greenland Hong Kong Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Greenland Hong Kong 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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Greenland Hong Kong Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Development subindustry, Greenland Hong Kong 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.
Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Greenland Hong Kong 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.
Greenland Hong Kong 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.
Greenland Hong Kong Holdings (HKSE:00337) 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.
Greenland Hong Kong Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Greenland Hong Kong Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenland Hong Kong Holdings (HKSE:00337) Business Description
Greenland Hong Kong Holdings Ltd is a real estate development company that operates in China and has a presence in several countries internationally. The Group has four reportable segments, Sales of properties and construction management services; Lease of properties; Hotel and related services; and Property management and other services. The majority is from the Sales of properties & construction management segment which includes the development and sales of residential properties and provision of construction management services. Geographically, the Group mainly operates in the PRC.
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