What is Medlive Technology Co Earnings Yield (Joel Greenblatt) %?
Medlive Technology Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$1,412.3 Mil.
Medlive Technology Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$277.3 Mil. Medlive Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 19.65%.
The historical rank and industry rank for Medlive Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02192'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1282.95 Med: 6.33 Max: 1834.05
Current: 20.53
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of Medlive Technology Co was 1834.05%. The lowest was -1282.95%. And the median was 6.33%.
HKSE:02192's Earnings Yield (Joel Greenblatt) % is ranked better than 86.14% of 101
companies
in the Medical Distribution industry
Industry Median: 5.94
vs HKSE:02192: 20.53
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) %. Medlive Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 21.09%. 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.
Medlive Technology Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Medlive Technology Co'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.
Medlive Technology Co Earnings Yield (Joel Greenblatt) % Chart
For the Medical Distribution subindustry, Medlive Technology 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.
Medlive Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Medlive Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Medlive Technology Co's Earnings Yield (Joel Greenblatt) % falls into.
Medlive Technology 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.
Medlive Technology Cos 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.
Medlive Technology Co (HKSE:02192) 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.
Medlive Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Medlive Technology Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Medlive Technology Co (HKSE:02192) Business Description
Medlive is a digital healthcare marketing company that produces customized content for pharmaceutical and medical device firms to specifically target physicians through different promotional channels. The company uses in-house and third-party content teams to produce advertising for its clients by profiling the user preferences of the physicians on the platform who drive procurement and prescription decisions. Its platform also provides medical content consisting of third-party research, informal discussions, and medical news articles. The company also operates a minor internet hospital and SaaS solution that help with medical conferences and clinical research. M3, Japan's leading digital healthcare marketing company owns 38.8% of Medlive through a joint venture.
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