What is Guangdong Hoshion Aluminium Co Earnings Yield (Joel Greenblatt) %?
Guangdong Hoshion Aluminium Co's Enterprise Value for the quarter that ended in Mar. 2024 was ¥5,381 Mil.
Guangdong Hoshion Aluminium Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was ¥155 Mil. Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 2.88%.
The historical rank and industry rank for Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:002824'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.43 Med: 2.75 Max: 6.44
Current: 3.45
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Guangdong Hoshion Aluminium Co was 6.44%. The lowest was 0.43%. And the median was 2.75%.
SZSE:002824's Earnings Yield (Joel Greenblatt) % is ranked better than 85.38% of 2688
companies
in the Metals & Mining industry
Industry Median: -11.705
vs SZSE:002824: 3.45
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) %. Guangdong Hoshion Aluminium Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 16.24%. 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.
Guangdong Hoshion Aluminium 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.
* Premium members only.
Guangdong Hoshion Aluminium Co Earnings Yield (Joel Greenblatt) % Chart
For the Aluminum subindustry, Guangdong Hoshion Aluminium 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.
Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) % falls into.
Guangdong Hoshion Aluminium 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.
Guangdong Hoshion Aluminium Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Guangdong Hoshion Aluminium Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥155 Mil.
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.
Guangdong Hoshion Aluminium Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Guangdong Hoshion Aluminium Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Guangdong Hoshion Aluminium Co (SZSE:002824) Business Description
Guangdong Hoshion Aluminium Co Ltd is an industrial aluminum manufacturer. The firm research, produce, and develop aluminum casting, anodizing, tooling, extrusion, and other products. It offers consumer electronics, such as OPC and driven rollers for copier printers; power bank housing products; aluminum for TV frames; electronic products extrusion materials; arm of computer hard disc; seamless pipes for lens; and photographic equipment. It also provides automobile anti-collision beams; high precision large sectional rectangle pipes; colied pipesinner thread pipes; and forging parts. In addition, the firm offers seamless pipes for baseball bars; kitchen and bathroom components; aluminum used lighting and snow shoes; electric heating tubes; and conditioner frames.
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