CHDGF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -4702.31 Med: -20.61 Max: 6851.86
Current: -112.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of COSCO SHIPPING International (Hong Kong) Co was 6851.86%. The lowest was -4702.31%. And the median was -20.61%.
CHDGF's Earnings Yield (Joel Greenblatt) % is ranked better than 99.1% of 1001
companies
in the Transportation industry
Industry Median: 6.79
vs CHDGF: -112.36
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) %. COSCO SHIPPING International (Hong Kong) Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 14.04%. 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.
COSCO SHIPPING International (Hong Kong) 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.
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COSCO SHIPPING International (Hong Kong) Co Earnings Yield (Joel Greenblatt) % Chart
COSCO SHIPPING International (Hong Kong) Co Annual Data
Competitive Comparison of COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, COSCO SHIPPING International (Hong Kong) 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.
COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % falls into.
COSCO SHIPPING International (Hong Kong) 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.
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.
COSCO SHIPPING International (Hong Kong) Co (OTCPK:CHDGF) 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.
COSCO SHIPPING International (Hong Kong) Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of COSCO SHIPPING International (Hong Kong) Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Business Description
COSCO SHIPPING International (Hong Kong) Co Ltd is a Hong Kong-based company engaged in services relating to shipbuilding, ship trading, and chartering for the fleet. It carries its operations in six segments including Coatings, Marine equipment and spare parts, Ship trading agency, Insurance brokerage, Marine fuel and other products, and General trading. The majority of its revenue comes from the sale of Marine equipment and spare parts. The company has a business network in Mainland China, Hong Kong, Singapore, Japan, Germany, and the USA, among other countries.
COSCO SHIPPING International (Hong Kong) Co (COSCO SHIPPING International (Hong Kong) Co) Headlines
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