Henderson Land Development Co's Enterprise Value for the quarter that ended in Jun. 2023 was $26,046 Mil.
Henderson Land Development Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $1,571 Mil. Henderson Land Development Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HLDCY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.84 Med: 9.88 Max: 15.36
Current: 6.08
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Henderson Land Development Co was 15.36%. The lowest was 4.84%. And the median was 9.88%.
HLDCY's Earnings Yield (Joel Greenblatt) % is ranked better than 61.63% of 1858
companies
in the Real Estate industry
Industry Median: 4.33
vs HLDCY: 6.08
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) %. Henderson Land Development Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 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.
Henderson Land Development Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Henderson Land Development Co'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.
For the Real Estate - Diversified subindustry, Henderson Land Development 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.
Henderson Land Development Co Earnings Yield (Joel Greenblatt) % Distribution
For the Real Estate industry and Real Estate sector, Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % falls into.
Henderson Land Development Co 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.
Henderson Land Development Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 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.
Henderson Land Development Co (OTCPK:HLDCY) 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.
Henderson Land Development Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Henderson Land Development Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Henderson Land Development Co (Henderson Land Development Co) Business Description
Henderson Land Development is a leading property developer in Hong Kong with a focus on urban redevelopment and farmland conversion. The company was founded in 1976, listed in 1981. Founder Lee Shau Kee is the controlling shareholder, and a series of disposals in December 2017 reduced his stake to below 72.8%. The share disposals were the first since 1993, lessening the possibility of a privatization. Lee stepped down in May 2019, succeeded by his two sons as joint chairmen and managing directors. Henderson Land also controls four listed entities directly, including a 33.4% stake in Hong Kong Ferry, a 69% stake in Henderson Investment, a 41.5% stake in Hong Kong and China Gas, and a 50.1% stake in Miramar Hotel & Investment.
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