What is SITC International Holdings Co Earnings Yield (Joel Greenblatt) %?
SITC International Holdings Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$35,819 Mil.
SITC International Holdings Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$4,476 Mil. SITC International Holdings Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.47%.
The historical rank and industry rank for SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01308'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.07 Med: 9.7 Max: 57.38
Current: 8.93
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SITC International Holdings Co was 57.38%. The lowest was 3.07%. And the median was 9.70%.
HKSE:01308's Earnings Yield (Joel Greenblatt) % is ranked better than 62.9% of 1000
companies
in the Transportation industry
Industry Median: 6.98
vs HKSE:01308: 8.93
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) %. SITC International Holdings Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 33.16%. 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.
SITC International Holdings Co 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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SITC International Holdings Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of SITC International Holdings Co's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, SITC International Holdings 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.
SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % falls into.
SITC International Holdings 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.
SITC International Holdings 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.
SITC International Holdings Co (HKSE:01308) 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.
SITC International Holdings Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SITC International Holdings Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
SITC International Holdings Co (HKSE:01308) Business Description
SITC International Holdings Co Ltd is a shipping company operating within Asia under two reportable segments: the container shipping and logistics segment and the dry bulk and others segment. Nearly all of SITC International's revenue comes from the container shipping and logistics segment, which covers the provision of container transportation, freight forwarding, shipping agency, depot, and warehousing. The dry bulk and others segment provides services of dry bulk vessel leasing, land leasing, and other services. Geographically, it derives majority of its revenue from Greater China.
SITC International Holdings Co (HKSE:01308) Headlines
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