The historical rank and industry rank for China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01004'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -46.44 Med: -0.52 Max: 8.56
Current: -0.25
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Smarter Energy Group Holdings was 8.56%. The lowest was -46.44%. And the median was -0.52%.
HKSE:01004's Earnings Yield (Joel Greenblatt) % is ranked worse than 75.19% of 790
companies
in the Capital Markets industry
Industry Median: 2.74
vs HKSE:01004: -0.25
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) %. China Smarter Energy Group 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.
China Smarter Energy Group Holdings 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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China Smarter Energy Group Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) %
For the Capital Markets subindustry, China Smarter Energy Group 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.
China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) % falls into.
China Smarter Energy Group 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.
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.
China Smarter Energy Group Holdings (HKSE:01004) 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.
China Smarter Energy Group Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Smarter Energy Group Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Smarter Energy Group Holdings (HKSE:01004) Business Description
China Smarter Energy Group Holdings Ltd is an investment holding company. It operates in four segments: Clean energy, Trading in securities, Investment, and Trading of bulk commodities. The Clean energy segment is into the Sale of electricity. The Trading of bulk commodities segment comprises the trading of solid, liquid, and gaseous fuels and other related products and the trading of bulk commodities derivatives. The trading in securities and Investment segments comprises the trading of listed securities and dividend income from listed and unlisted equity investments. Its geographical segments are China, Hong Kong, and Singapore. The company generates majority of revenue from clean energy segment and geographically it generates revenue from china.
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