The historical rank and industry rank for China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MY's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Industrial Products industry.
Industry Median: 4.29 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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 Ming Yang Wind Power Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 was -17.69%. 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 Ming Yang Wind Power Group 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.
* Premium members only.
China Ming Yang Wind Power Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, China Ming Yang Wind Power 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.
China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) % falls into.
China Ming Yang Wind Power 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.
China Ming Yang Wind Power Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $71 Mil.
China Ming Yang Wind Power Group (NYSE:MY) 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 Ming Yang Wind Power Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Ming Yang Wind Power Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Business Description
China Ming Yang Wind Power Group Ltd founded in 2006. The Company is a wind turbine manufacturer in China, focusing on designing, manufacturing, selling and servicing megawatt-class wind turbines and the provision of related maintenance services in the People's Republic of China (the "PRC") and the Republic of India ("India"). Its current products consist of (i) basic models of wind turbines with a rated power capacity of 1.5MW, (ii) wind turbines with a rated power capacity of 2.0MW, and (iii) 2.5/3.0MW SCD wind turbines. Each product type may be installed with one of three rotor blade models depending on the location and wind conditions. 1.5MW wind turbines are widely used model in China. As of December 31, 2013, the Company had entered into sales contracts with 45 end customers to deliver 4,804 units of its wind turbines, representing wind power output of approximately 7,588.5MW. Its customers include five Chinese state-owned power producers, namely Huaneng, China Datang, Huadian, China Guodian Corporation, or Guodian, and China Power Investment Corporation, or CPIC, or their alternative energy subsidiaries, such as China Longyuan Power Group Corporation Limited, or Longyuan, a subsidiary of Guodian, and Datang Corporation Renewable Power Co., Limited, or Datang Renewable, a subsidiary of China Datang. The Company also sells wind turbines to regional alternative energy investment companies, regional power producers and wind farm operators in the private sector. Its facilities are currently located in Zhongshan, Tianjin, Jilin, Rudong, Dali, Inner Mongolia and Gansu (including Hami area) in China. The Company has two operating segments, which are manufacture and sale of wind turbines in PRC and the manufacture and sale of wind turbines in India. The Company competes with both domestic and international wind turbine manufacturers. Its domestic competitors include Sinovel, Goldwind, Dongfang Electric and United Power. Its key international competitors in China include Vestas from Denmark, Gamesa Corporación Tecnológica S.A. from Spain and GE Energy, the alternative energy arm of GE from the United States.In addition, the wind power industry also faces competition from conventional and non-wind power alternative energy technologies.
China Ming Yang Wind Power Group (China Ming Yang Wind Power Group) Headlines
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MY has been successfully added to your 