What is Qingling Motors Co Earnings Yield (Joel Greenblatt) %?
Qingling Motors Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$-1,073 Mil.
Qingling Motors Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-50 Mil. Qingling Motors Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 4.64%.
The historical rank and industry rank for Qingling Motors Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01122'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3361.71 Med: 24.91 Max: 3074.08
Current: 3.96
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Qingling Motors Co was 3074.08%. The lowest was -3361.71%. And the median was 24.91%.
HKSE:01122's Earnings Yield (Joel Greenblatt) % is not ranked
in the Vehicles & Parts industry.
Industry Median: 6.03
vs HKSE:01122: 3.96
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) %. Qingling Motors Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -36.92%. 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.
Qingling Motors Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Qingling Motors Co'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.
* Premium members only.
Qingling Motors Co Earnings Yield (Joel Greenblatt) % Chart
For the Auto Manufacturers subindustry, Qingling Motors Co'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.
Qingling Motors Co's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Qingling Motors Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Qingling Motors Co's Earnings Yield (Joel Greenblatt) % falls into.
Qingling Motors Co 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.
Qingling Motors Cos 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.
Qingling Motors Co (HKSE:01122) 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.
Qingling Motors Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Qingling Motors Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Qingling Motors Co (HKSE:01122) Business Description
Qingling Motors Co Ltd is a Chinese company which is engaged in the production and sale of Isuzu light, medium and heavy-duty trucks, pick-up trucks, multi-purpose vehicles and diesel and petrol engines. It also focuses on the manufacturing and sales of automobile parts and accessories. The company organizes its business into five segments namely Light-duty trucks and chassis; Pickup trucks and chassis; Medium and heavy-duty trucks and chassis; and Automobile parts, accessories and others. It also focuses on research and development activity for product, material, mould and process and fixtures. The company earns the majority of its revenue from the sale of trucks and vehicles in the People's Republic of China.
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