What is Applied Development Holdings Earnings Yield (Joel Greenblatt) %?
Applied Development Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$247.52 Mil.
Applied Development Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-45.29 Mil. Applied Development Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Applied Development Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00519'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -7082.46 Med: -7.01 Max: 287221.16
Current: -15.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Applied Development Holdings was 287221.16%. The lowest was -7082.46%. And the median was -7.01%.
HKSE:00519's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.64% of 1848
companies
in the Real Estate industry
Industry Median: 4.19
vs HKSE:00519: -15.11
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) %. Applied Development 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.
Applied Development Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Applied Development 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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Applied Development Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Applied Development Holdings's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Applied Development 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.
Applied Development Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Applied Development Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Applied Development Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Applied Development 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.
Applied Development Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 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.
Applied Development Holdings (HKSE:00519) 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.
Applied Development Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Applied Development Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Applied Development Holdings (HKSE:00519) Business Description
Applied Development Holdings Ltd is an investment holding company. Its business activities are segmented as follows: Resort and Property Development segment which includes properties under development for commercial purposes; Property Investment segment includes mainly commercial properties that are held for capital appreciation or to earn rental income; and Investment Holding segment includes holding of unlisted investment fund, equity securities, debt instruments, equity-linked notes, and other assets. The majority of its revenue is derived from Resort and Property investment. The group's operations are principally located in Hong Kong, and the People's Republic of China, out of which the People's Republic of China contributes the vast majority of revenue.
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