What is Wuliangye Yibin Co Earnings Yield (Joel Greenblatt) %?
Wuliangye Yibin Co's Enterprise Value for the quarter that ended in Sep. 2023 was ¥510,339 Mil.
Wuliangye Yibin Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ¥40,944 Mil. Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 8.03%.
The historical rank and industry rank for Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SZSE:000858'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.12 Med: 7.28 Max: 36.02
Current: 8.31
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Wuliangye Yibin Co was 36.02%. The lowest was 2.12%. And the median was 7.28%.
SZSE:000858's Earnings Yield (Joel Greenblatt) % is ranked better than 74.07% of 216
companies
in the Beverages - Alcoholic industry
Industry Median: 4.955
vs SZSE:000858: 8.31
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) %. Wuliangye Yibin Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 20.67%. 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.
Wuliangye Yibin Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Wuliangye Yibin Co'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.
* Premium members only.
Wuliangye Yibin Co Earnings Yield (Joel Greenblatt) % Chart
For the Beverages - Wineries & Distilleries subindustry, Wuliangye Yibin 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.
Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % falls into.
Wuliangye Yibin 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.
Wuliangye Yibin Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Wuliangye Yibin Co's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥40,944 Mil.
Wuliangye Yibin Co (SZSE:000858) 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.
Wuliangye Yibin Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Wuliangye Yibin Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wuliangye Yibin Co (SZSE:000858) Business Description
Wuliangye Yibin is China's second-largest baijiu producer by revenue, with sales of CNY 74 billion in 2022 compared with CNY 124 billion for Moutai. Founded in the 1950s, Wuliangye is located in Yibin, Sichuan province, in southwest China. Its core product, 52-degree Wuliangye, is widely known as the best rice-flavored baijiu in the market. The high-quality products, extensive history and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins.
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