What is Sun Hung Kai Properties Earnings Yield (Joel Greenblatt) %?
Sun Hung Kai Properties's Enterprise Value for the quarter that ended in Dec. 2023 was $48,338 Mil.
Sun Hung Kai Properties's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $4,161 Mil. Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.
The historical rank and industry rank for Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SUHJY'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.22 Med: 11.42 Max: 16.98
Current: 9.5
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sun Hung Kai Properties was 16.98%. The lowest was 7.22%. And the median was 11.42%.
SUHJY's Earnings Yield (Joel Greenblatt) % is ranked better than 71.89% of 1857
companies
in the Real Estate industry
Industry Median: 4.31
vs SUHJY: 9.50
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) %. Sun Hung Kai Properties'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.
Sun Hung Kai Properties Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sun Hung Kai Properties'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.
* Premium members only.
Sun Hung Kai Properties Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) %
For the Real Estate - Development subindustry, Sun Hung Kai Properties'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.
Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) % falls into.
Sun Hung Kai Properties 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.
Sun Hung Kai Propertiess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 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.
Sun Hung Kai Properties (OTCPK:SUHJY) 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.
Sun Hung Kai Properties Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sun Hung Kai Properties's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Hung Kai Properties (Sun Hung Kai Properties) Business Description
Sun Hung Kai Properties is a diversified real estate developer in Hong Kong with a core focus on the residential, retail and office real estate segment. Most of its business is based in Hong Kong where it is a leading private housing developer and holds a portfolio of high-quality retail and office assets for rental income. The company also invests in other listed entities, including telecommunication company, SmarTone and data center provider, SUNeVision. The Kwok family is the controlling shareholder, with a stake of more than 40%.
Sun Hung Kai Properties (Sun Hung Kai Properties) Headlines
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