What is Tai United Holdings Earnings Yield (Joel Greenblatt) %?
Tai United Holdings's Enterprise Value for the quarter that ended in Jun. 2023 was HK$1,676.7 Mil.
Tai United Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was HK$-1,882.3 Mil. Tai United Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Tai United Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00718'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -435.52 Med: -12.55 Max: 411.18
Current: -114.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tai United Holdings was 411.18%. The lowest was -435.52%. And the median was -12.55%.
HKSE:00718's Earnings Yield (Joel Greenblatt) % is ranked worse than 100% of 101
companies
in the Medical Distribution industry
Industry Median: 5.71
vs HKSE:00718: -114.94
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) %. Tai United Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Tai United Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Tai United 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.
* Premium members only.
Tai United Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tai United Holdings's Earnings Yield (Joel Greenblatt) %
For the Medical Distribution subindustry, Tai United 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.
Tai United Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Medical Distribution Industry
For the Medical Distribution industry and Healthcare sector, Tai United Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tai United Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Tai United Holdings 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.
Tai United Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Tai United Holdings (HKSE:00718) 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.
Tai United Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tai United Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tai United Holdings (HKSE:00718) Business Description
Tai United Holdings Ltd is an investment holding company. Its segments include Property investment segment engaged in property investment and leasing of properties; Medical equipment trading segment; Flooring materials trading segment; Mining and exploitation of natural resources segment engaged in mining and production of tungsten resources activities in the Republic of Mongolia; and Financial services and asset management segment that includes trading equity securities and derivatives and managing of assets arising from acquisition of distressed debts assets. It derives majority of the revenue from the Flooring materials trading segment.
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