What is Lygend Resources & Technology Co Earnings Yield (Joel Greenblatt) %?
Lygend Resources & Technology Co's Enterprise Value for the quarter that ended in Dec. 2023 was HK$21,789 Mil.
Lygend Resources & Technology Co's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,512 Mil. Lygend Resources & Technology Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 11.52%.
The historical rank and industry rank for Lygend Resources & Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:02245'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 5.81 Med: 17.5 Max: 27.03
Current: 13.61
During the past 5 years, the highest Earnings Yield (Joel Greenblatt) of Lygend Resources & Technology Co was 27.03%. The lowest was 5.81%. And the median was 17.50%.
HKSE:02245's Earnings Yield (Joel Greenblatt) % is ranked better than 95.3% of 2680
companies
in the Metals & Mining industry
Industry Median: -11.525
vs HKSE:02245: 13.61
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) %. Lygend Resources & Technology Co'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.
Lygend Resources & Technology 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.
For the Other Industrial Metals & Mining subindustry, Lygend Resources & Technology 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.
Lygend Resources & Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lygend Resources & Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lygend Resources & Technology Co'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.
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.
Lygend Resources & Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Lygend Resources & Technology Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lygend Resources & Technology Co (HKSE:02245) Business Description
Lygend Resources & Technology Co Ltd is engaged in both the trading and the production of nickel products. The company has a comprehensive product and service portfolio covering multiple areas across the nickel industry value chain, from upstream sourcing of nickel resources, trading and production of nickel products, to equipment manufacturing and sale. Its products are widely used in various downstream sectors including the NEV and stainless steel industries. It derives a majority of its revenue from Mainland China.
Lygend Resources & Technology Co (HKSE:02245) Headlines
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