What is Youku Tudou Earnings Yield (Joel Greenblatt) %?
Youku Tudou's Enterprise Value for the quarter that ended in Sep. 2015 was $2,533.3 Mil.
Youku Tudou's EBIT for the trailing twelve months (TTM) ended in Sep. 2015 was $-243.5 Mil. Youku Tudou's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was -9.62%.
The historical rank and industry rank for Youku Tudou's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
YOKU's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Interactive Media industry.
Industry Median: 0 * 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) %. Youku Tudou's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2015 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.
Youku Tudou Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Youku Tudou'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.
Competitive Comparison of Youku Tudou's Earnings Yield (Joel Greenblatt) %
For the Internet Content & Information subindustry, Youku Tudou'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.
Youku Tudou's Earnings Yield (Joel Greenblatt) % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Youku Tudou's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Youku Tudou'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.
Youku Tudous Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2014 is calculated as
Youku Tudou'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 $-243.5 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.
Youku Tudou Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Youku Tudou's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Youku Tudou Inc was incorporated under the laws of the Cayman Islands on September 20, 2005. It is an Internet television company in China. Its internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices. The Company provides online video content library, consisting of professionally produced content including television programs and movies, and, to a lesser extent, user-generated content and in-house productions. As of December 31, 2013, it licensed more than 5,900 movie titles, 2,200 television serial drama titles and over 800 variety shows. It offered approximately 1,447, 347 and 220 episodes of television serial dramas produced in mainland China, Hong Kong and Taiwan, and Korea, respectively, as of December 31, 2013. The Company competes with other online video providers in China, such as iQiyi.com, and large Chinese Internet portals that provide online video product, such as SINA, Tencent and Sohu.
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