What is Zhaoke Ophthalmology Earnings Yield (Joel Greenblatt) %?
Zhaoke Ophthalmology's Enterprise Value for the quarter that ended in Dec. 2023 was HK$818.91 Mil.
Zhaoke Ophthalmology's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-411.88 Mil. Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -50.25%.
The historical rank and industry rank for Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:06622'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -216.69 Med: 84.09 Max: 175.88
Current: 76.34
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Zhaoke Ophthalmology was 175.88%. The lowest was -216.69%. And the median was 84.09%.
HKSE:06622's Earnings Yield (Joel Greenblatt) % is not ranked
in the Biotechnology industry.
Industry Median: -15.67
vs HKSE:06622: 76.34
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) %. Zhaoke Ophthalmology's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 0.00%. 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.
Zhaoke Ophthalmology Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Zhaoke Ophthalmology'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.
Competitive Comparison of Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) %
For the Biotechnology subindustry, Zhaoke Ophthalmology'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.
Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) % Distribution in the Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Zhaoke Ophthalmologys 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.
Zhaoke Ophthalmology Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Zhaoke Ophthalmology's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhaoke Ophthalmology (HKSE:06622) Business Description
Zhaoke Ophthalmology Ltd is an ophthalmic pharmaceutical company. It is dedicated to the research, development, and commercialization of therapies that address unmet medical needs in China. The company has built a comprehensive ophthalmic drug pipeline of 26 candidates that covers ocular indications affecting the front and the back of the eye, through either in-house development or in-licensing. It has also established an ophthalmic manufacturing facility and is assembling an experienced marketing team in anticipation of a near-term product launch.
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