The historical rank and industry rank for Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01853'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -37729.12 Med: 106.84 Max: 48728.59
Current: -117.65
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Jilin Province Chuncheng Heating Co was 48728.59%. The lowest was -37729.12%. And the median was 106.84%.
HKSE:01853's Earnings Yield (Joel Greenblatt) % is ranked better than 98.66% of 447
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.56
vs HKSE:01853: -117.65
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) %. Jilin Province Chuncheng Heating Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 22.14%. 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.
Jilin Province Chuncheng Heating 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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Jilin Province Chuncheng Heating Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) %
For the Utilities - Independent Power Producers subindustry, Jilin Province Chuncheng Heating 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.
Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % falls into.
Jilin Province Chuncheng Heating 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.
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.
Jilin Province Chuncheng Heating Co (HKSE:01853) 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.
Jilin Province Chuncheng Heating Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Jilin Province Chuncheng Heating Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jilin Province Chuncheng Heating Co (HKSE:01853) Business Description
Jilin Province Chuncheng Heating Co Ltd is a heat service provider in Jilin Province. The heat supply activities include the provision and distribution of heat, pipeline connection, and heat transmission services. Further, it is also engaged in the offer of construction, maintenance, and design services which include engineering construction, engineering maintenance, design services, and electrical and instrument maintenance and repair services. It operates in two segments: Heat supply segment and Construction, maintenance and design services segment. It derives the majority of its revenue from the Heat supply segment.
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