What is Hebei Yichen Industrial Group Earnings Yield (Joel Greenblatt) %?
Hebei Yichen Industrial Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$3,977 Mil.
Hebei Yichen Industrial Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$75 Mil. Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 1.89%.
The historical rank and industry rank for Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01596'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.9 Med: 7.67 Max: 26.76
Current: 2.11
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Hebei Yichen Industrial Group was 26.76%. The lowest was 1.90%. And the median was 7.67%.
HKSE:01596's Earnings Yield (Joel Greenblatt) % is ranked worse than 77.97% of 1003
companies
in the Transportation industry
Industry Median: 6.81
vs HKSE:01596: 2.11
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) %. Hebei Yichen Industrial Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -8.77%. 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.
Hebei Yichen Industrial Group 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.
* Premium members only.
Hebei Yichen Industrial Group Earnings Yield (Joel Greenblatt) % Chart
For the Railroads subindustry, Hebei Yichen Industrial Group'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.
Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % falls into.
Hebei Yichen Industrial Group 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.
Hebei Yichen Industrial Groups 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.
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.
Hebei Yichen Industrial Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Hebei Yichen Industrial Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hebei Yichen Industrial Group (HKSE:01596) Business Description
Hebei Yichen Industrial Group Corp Ltd is one of the leading rail fastening system providers in the PRC, with the business focusing on three business segments namely Rail Fastening System Products; Welding Wire Products; and Railway Sleeper Products. Its maximum revenue is generated by the Rail fastening system segment. Some of its product includes the Spring bar type IV fastener system; the WJ-7 type fastener system; the DT-VI2 fastener system; Double-layer nonlinear shock-absorbing fastener system; the Spring bar II type fastener system and others.
Hebei Yichen Industrial Group (HKSE:01596) Headlines
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