What is Yik Wo International Holdings Earnings Yield (Joel Greenblatt) %?
Yik Wo International Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$330.8 Mil.
Yik Wo International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$46.1 Mil. Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 13.95%.
The historical rank and industry rank for Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08659'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2636.3 Med: 30.44 Max: 1321.75
Current: 15.38
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Yik Wo International Holdings was 1321.75%. The lowest was -2636.30%. And the median was 30.44%.
HKSE:08659's Earnings Yield (Joel Greenblatt) % is ranked better than 86.14% of 404
companies
in the Packaging & Containers industry
Industry Median: 5.47
vs HKSE:08659: 15.38
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) %. Yik Wo International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 13.44%. 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.
Yik Wo International Holdings 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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Yik Wo International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) %
For the Packaging & Containers subindustry, Yik Wo International Holdings'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.
Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Yik Wo International Holdings 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.
Yik Wo International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Yik Wo International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$46.1 Mil.
Yik Wo International Holdings (HKSE:08659) 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.
Yik Wo International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Yik Wo International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yik Wo International Holdings (HKSE:08659) Business Description
Yik Wo International Holdings Ltd is engaged in the design and development, manufacturing and sales of disposable plastic food storage containers. The company's plastic containers are processed by high temperature hot-melt plastic injection moulding method with polypropylene resin or other thermoplastic materials. In terms of application, disposable plastic food storage containers can be divided into lunch boxes, fresh and preserved fruit containers, semi-food containers and others. It sells its products under JAZZIT brand. Its regular products feature with only one compartment; and customised products can store various kinds of food and beverage with its multi-compartment disposable plastic food storage containers. The group derives prime revenue from the PRC.
Yik Wo International Holdings (HKSE:08659) Headlines
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