What is Neo-Neon Holdings Earnings Yield (Joel Greenblatt) %?
Neo-Neon Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was NT$597 Mil.
Neo-Neon Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was NT$186 Mil. Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.53%.
The historical rank and industry rank for Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:911868'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -77.88 Med: 1.11 Max: 292.55
Current: 14.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Neo-Neon Holdings was 292.55%. The lowest was -77.88%. And the median was 1.11%.
TPE:911868's Earnings Yield (Joel Greenblatt) % is ranked better than 87.84% of 3034
companies
in the Industrial Products industry
Industry Median: 4.275
vs TPE:911868: 14.18
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) %. Neo-Neon Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -10.65%. 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.
Neo-Neon Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Neo-Neon Holdings'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 Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) %
For the Electrical Equipment & Parts subindustry, Neo-Neon 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.
Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Neo-Neon Holdings'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.
Neo-Neon Holdingss 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.
Neo-Neon Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Neo-Neon Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Neo-Neon Holdings (TPE:911868) Business Description
Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.
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