What is IVD Medical Holding Earnings Yield (Joel Greenblatt) %?
IVD Medical Holding's Enterprise Value for the quarter that ended in Dec. 2023 was HK$1,588 Mil.
IVD Medical Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$394 Mil. IVD Medical Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 24.81%.
The historical rank and industry rank for IVD Medical Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01931'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.07 Med: 12.59 Max: 54.28
Current: 32.79
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of IVD Medical Holding was 54.28%. The lowest was 3.07%. And the median was 12.59%.
HKSE:01931's Earnings Yield (Joel Greenblatt) % is ranked better than 91.09% of 101
companies
in the Medical Distribution industry
Industry Median: 5.94
vs HKSE:01931: 32.79
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) %. IVD Medical Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 22.80%. 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.
IVD Medical Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for IVD Medical Holding'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.
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IVD Medical Holding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of IVD Medical Holding's Earnings Yield (Joel Greenblatt) %
For the Medical Distribution subindustry, IVD Medical Holding'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.
IVD Medical Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, IVD Medical Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where IVD Medical Holding's Earnings Yield (Joel Greenblatt) % falls into.
IVD Medical Holding 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.
IVD Medical Holdings 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.
IVD Medical Holding (HKSE:01931) 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.
IVD Medical Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of IVD Medical Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
IVD Medical Holding (HKSE:01931) Business Description
IVD Medical Holding Ltd is principally engaged in the sale and manufacture of medical equipment and consumables and the provision of consultancy and maintenance services related to medical equipment. It has three segments. The distribution business, which is the key revenue driver, involves the trading of IVD analysers, reagents, and other consumables to customers such as distributors, hospitals and healthcare institutions, and logistics providers. The After-sales Services provided by Vastec include maintenance and repair services, installation services and end-customer training. Its Self-branded Products Business, distributes its self-developed IVD products under its own brand which includes IVD analysers and reagents under the IVD testing category of Point-of-care testing.
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