What is Universal Technologies Holdings Earnings Yield (Joel Greenblatt) %?
Universal Technologies Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$1,339.9 Mil.
Universal Technologies Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-157.0 Mil. Universal Technologies Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -11.72%.
The historical rank and industry rank for Universal Technologies Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01026'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.49 Med: -1.03 Max: 10.61
Current: -13.99
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Universal Technologies Holdings was 10.61%. The lowest was -18.49%. And the median was -1.03%.
HKSE:01026's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.74% of 522
companies
in the Utilities - Regulated industry
Industry Median: 6.535
vs HKSE:01026: -13.99
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) %. Universal Technologies Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Universal Technologies 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.
For the Utilities - Regulated Water subindustry, Universal Technologies 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.
Universal Technologies Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Universal Technologies Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Universal Technologies Holdings'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.
Universal Technologies Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 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.
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.
Universal Technologies Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Universal Technologies Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Technologies Holdings (HKSE:01026) Business Description
Universal Technologies Holdings Ltd is an investment holding company. The company has three operating segments: Water supply and related services; Properties investment and development; and Financial Services. It generates maximum revenue from the Water supply and related services segment. The Water supply and related services segment engaged in the supply of tap water to various districts of Qingyuan City, Guangdong Province. Geographically, it derives a majority of revenue from the People's Republic of China.
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