The historical rank and industry rank for Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:600558'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.07 Med: 3.26 Max: 8.14
Current: 4.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Atlantic China Welding Consumables was 8.14%. The lowest was 1.07%. And the median was 3.26%.
SHSE:600558's Earnings Yield (Joel Greenblatt) % is ranked worse than 50.1% of 3042
companies
in the Industrial Products industry
Industry Median: 4.185
vs SHSE:600558: 4.17
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) %. Atlantic China Welding Consumables's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 6.74%. 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.
Atlantic China Welding Consumables 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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Atlantic China Welding Consumables Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Atlantic China Welding Consumables'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.
Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % falls into.
Atlantic China Welding Consumables 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.
Atlantic China Welding Consumables's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥148 Mil.
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.
Atlantic China Welding Consumables Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Atlantic China Welding Consumables's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlantic China Welding Consumables (SHSE:600558) Business Description
Atlantic China Welding Consumables Inc is a welding consumable manufactory in China. Its products include mild steel electrodes, cellulose electrodes, high toughness electrodes, low alloy steel electrodes, hard facing electrodes, stainless steel electrodes, low-temperature steel electrodes, Mo and Cr-Mo heat resistant steel electrodes, and cast-iron electrodes. The company's products are widely used in power station boilers, pressure vessels, nuclear and space industries, bridges, ships, vehicles, petroleum and chemical industry, hydropower and thermal power stations.
Atlantic China Welding Consumables (SHSE:600558) Headlines
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