What is SSY Group Earnings Yield (Joel Greenblatt) %?
SSY Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$16,762 Mil.
SSY Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$1,709 Mil. SSY Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 10.19%.
The historical rank and industry rank for SSY Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02005'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.02 Med: 5.95 Max: 12.02
Current: 10.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of SSY Group was 12.02%. The lowest was 3.02%. And the median was 5.95%.
HKSE:02005's Earnings Yield (Joel Greenblatt) % is ranked better than 86.54% of 1092
companies
in the Drug Manufacturers industry
Industry Median: 2.33
vs HKSE:02005: 10.44
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) %. SSY Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 9.41%. 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.
SSY Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for SSY Group'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.
SSY Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of SSY Group's Earnings Yield (Joel Greenblatt) %
For the Drug Manufacturers - Specialty & Generic subindustry, SSY Group'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.
SSY Group's Earnings Yield (Joel Greenblatt) % Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, SSY Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where SSY Group's Earnings Yield (Joel Greenblatt) % falls into.
SSY Group 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.
SSY Groups 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.
SSY Group (HKSE:02005) 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.
SSY Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of SSY Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
SSY Group Ltd is engaged in the research, development, manufacturing and selling of a wide range of pharmaceutical products, which includes finished medicines of mainly intravenous infusion solution and ampoule injection to hospitals and distributors, bulk pharmaceuticals and medical materials. The company has two reportable segments including intravenous infusion solution and others and medical materials. The company derives a vast majority of its revenue principally from the Intravenous infusion solution and others. Revenue generation is driven mostly by its sales of pharmaceutical products, followed by medical materials.
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