What is Haidilao International Holding Earnings Yield (Joel Greenblatt) %?
Haidilao International Holding's Enterprise Value for the quarter that ended in Dec. 2023 was HK$76,595 Mil.
Haidilao International Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$6,764 Mil. Haidilao International Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Haidilao International Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:06862'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3.95 Med: 1.68 Max: 8.06
Current: 7.54
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Haidilao International Holding was 8.06%. The lowest was -3.95%. And the median was 1.68%.
HKSE:06862's Earnings Yield (Joel Greenblatt) % is ranked better than 81.74% of 356
companies
in the Restaurants industry
Industry Median: 3.505
vs HKSE:06862: 7.54
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) %. Haidilao International Holding'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.
Haidilao International Holding 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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Haidilao International Holding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Haidilao International Holding's Earnings Yield (Joel Greenblatt) %
For the Restaurants subindustry, Haidilao International Holding'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.
Haidilao International Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Haidilao International Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Haidilao International Holding's Earnings Yield (Joel Greenblatt) % falls into.
Haidilao International Holding 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.
Haidilao International Holdings 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.
Haidilao International Holding (HKSE:06862) 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.
Haidilao International Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Haidilao International Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Haidilao International Holding (HKSE:06862) Business Description
Haidilao International is a Chinese hot pot restaurant operator that started in Sichuan in 1998. In 2022, the restaurant chain served over 276 million customers across more than the 1,300 stores it had in Greater China. With CNY 31 billion in 2022 systemwide sales, the firm is the second-largest restaurant company in China, behind Yum China (CNY 68 billion) but ahead of Xiabuxiabu and Jiumaojiu. All of Haidilao's restaurants are company-owned, as the firm is focusing more on the quality of its restaurants than quantity.Haidilao is known for serving Sichuan-style hot pot along with exceptional service. It's still looking to expand its store footprint, but expansion opportunities are now limited to only Greater China following the spinoff of Super Hi—the operator of Haidilao stores overseas.
Haidilao International Holding (HKSE:06862) Headlines
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