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DPC Dash (HKSE:01405) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2023)


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What is DPC Dash Earnings Yield (Joel Greenblatt) %?

DPC Dash's Enterprise Value for the quarter that ended in Jun. 2023 was HK$6,940 Mil. DPC Dash's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-32 Mil. DPC Dash's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.

The historical rank and industry rank for DPC Dash's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

HKSE:01405' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.09   Med: -1.61   Max: 1.24
Current: -0.4

During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of DPC Dash was 1.24%. The lowest was -2.09%. And the median was -1.61%.

HKSE:01405's Earnings Yield (Joel Greenblatt) % is ranked worse than
76.19% of 357 companies
in the Restaurants industry
Industry Median: 3.58 vs HKSE:01405: -0.40

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) %. DPC Dash's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.


DPC Dash Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for DPC Dash'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.

DPC Dash Earnings Yield (Joel Greenblatt) % Chart

DPC Dash Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Earnings Yield (Joel Greenblatt) %
- - - - 0.95

DPC Dash Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial - - - - 0.95

Competitive Comparison of DPC Dash's Earnings Yield (Joel Greenblatt) %

For the Restaurants subindustry, DPC Dash'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.


DPC Dash's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, DPC Dash's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where DPC Dash's Earnings Yield (Joel Greenblatt) % falls into.



DPC Dash 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.

DPC Dashs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=78.676/8297.1806
=0.95 %

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.



DPC Dash  (HKSE:01405) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


DPC Dash Earnings Yield (Joel Greenblatt) % Related Terms

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DPC Dash (HKSE:01405) Business Description

Industry
Traded in Other Exchanges
Address
33 Caobao Road, Level 8, Block A, Xuhui, Shanghai, CHN, 200235
DPC Dash Ltd is involved in operating a food and beverage business in china. The company has adapted and built upon the Domino's business model by localizing its key features for China and its consumers and focused on serving handcrafted, quality pizza at a competitive price, with easy ordering access and efficient delivery, enhanced by technological innovations. The majority of revenue is derived from China.

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