The historical rank and industry rank for Shanxi Xinghuacun Fen Wine Factory Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:600809'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.04 Med: 3.95 Max: 13.82
Current: 5.13
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shanxi Xinghuacun Fen Wine Factory Co was 13.82%. The lowest was 1.04%. And the median was 3.95%.
SHSE:600809's Earnings Yield (Joel Greenblatt) % is ranked better than 50.46% of 216
companies
in the Beverages - Alcoholic industry
Industry Median: 4.975
vs SHSE:600809: 5.13
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) %. Shanxi Xinghuacun Fen Wine Factory Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 22.22%. 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.
Shanxi Xinghuacun Fen Wine Factory 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.
For the Beverages - Wineries & Distilleries subindustry, Shanxi Xinghuacun Fen Wine Factory 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.
Shanxi Xinghuacun Fen Wine Factory Co's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Shanxi Xinghuacun Fen Wine Factory Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shanxi Xinghuacun Fen Wine Factory Co'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.
Shanxi Xinghuacun Fen Wine Factory 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 ¥16,160 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.
Shanxi Xinghuacun Fen Wine Factory Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shanxi Xinghuacun Fen Wine Factory Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Business Description
Shanxi Fen Wine, or Fen Wine, is a typical light-flavored baijiu, featuring a fresher, lighter, and purer-taste compared with jiang-flavored and rich-flavored spirits. The company offers a comprehensive product portfolio, covering sub-premium, mid- to high range, and low-end products. The Fen series contributed about 90% of the company's sales revenue in 2022, including sub-premium brand Qinghua, midrange products Panama and Laobaifen, and low-end Bofen. The State-Owned Assets Supervision and Administration Commission of Shanxi province controls 51% of Fen Wine.
Shanxi Xinghuacun Fen Wine Factory Co (SHSE:600809) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600809 has been successfully added to your 