NiSun International Enterprise Development Group Co (NiSun International Enterprise Development Group Co) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Jun. 2023)
NISN's Earnings Yield (Joel Greenblatt) % is ranked better than 96.09% of 537
companies
in the Credit Services industry
Industry Median: 0.83
vs NISN: -24.10
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) %. NiSun International Enterprise Development Group Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
NiSun International Enterprise Development Group 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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NiSun International Enterprise Development Group Co Earnings Yield (Joel Greenblatt) % Chart
NiSun International Enterprise Development Group Co Annual Data
Competitive Comparison of NiSun International Enterprise Development Group Co's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, NiSun International Enterprise Development Group 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.
NiSun International Enterprise Development Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
* The bar in red indicates where NiSun International Enterprise Development Group Co's Earnings Yield (Joel Greenblatt) % falls into.
NiSun International Enterprise Development Group 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.
NiSun International Enterprise Development Group Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.0 Mil.
NiSun International Enterprise Development Group Co (NAS:NISN) 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.
NiSun International Enterprise Development Group Co Earnings Yield (Joel Greenblatt) % Related Terms
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NiSun International Enterprise Development Group Co (NiSun International Enterprise Development Group Co) Business Description
NiSun International Enterprise Development Group Co Ltd is technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry. Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, it provides users with professional solutions for technology supply chain management, technology asset routing, and digital transformation of tech and finance institutions, enabling the industry to strengthen and grow. At the same time, Nisun continues to deepen the field of industry segmentation through industrial and financial integration, by cultivating/creating an ecosystem of openness and empowerment.
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