What is Justin Allen Holdings Earnings Yield (Joel Greenblatt) %?
Justin Allen Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$205 Mil.
Justin Allen Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$235 Mil. Justin Allen Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 113.64%.
The historical rank and industry rank for Justin Allen Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01425'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 10.88 Med: 38.41 Max: 199.04
Current: 102.04
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Justin Allen Holdings was 199.04%. The lowest was 10.88%. And the median was 38.41%.
HKSE:01425's Earnings Yield (Joel Greenblatt) % is ranked better than 98.81% of 1088
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.675
vs HKSE:01425: 102.04
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) %. Justin Allen Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 39.49%. 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.
Justin Allen Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Justin Allen 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.
* Premium members only.
Justin Allen Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Justin Allen Holdings's Earnings Yield (Joel Greenblatt) %
For the Apparel Manufacturing subindustry, Justin Allen 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.
Justin Allen Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Justin Allen Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Justin Allen Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Justin Allen 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.
Justin Allen 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.
Justin Allen Holdings (HKSE:01425) 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.
Justin Allen Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Justin Allen Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Justin Allen Holdings (HKSE:01425) Business Description
Justin Allen Holdings Ltd engages in OEM garment manufacturing specializing in the production of sleepwear and loungewear products. The company offers one-stop apparel solutions comprising raw materials sourcing and greige fabric production, fabric design, and development, as well as fashion design. It derives revenue from manufacturing and sales of sleepwear products, loungewear products, and greige fabric. Its operations are spread across the United States of America, United Kingdom, Ireland, Canada, The PRC, Spain, and Cambodia.
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