What is Kiu Hung International Holdings Earnings Yield (Joel Greenblatt) %?
Kiu Hung International Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$314.3 Mil.
Kiu Hung International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$96.1 Mil. Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 30.58%.
The historical rank and industry rank for Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00381'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -261.05 Med: -22.6 Max: 46.51
Current: 46.51
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Kiu Hung International Holdings was 46.51%. The lowest was -261.05%. And the median was -22.60%.
HKSE:00381's Earnings Yield (Joel Greenblatt) % is ranked better than 96.6% of 853
companies
in the Travel & Leisure industry
Industry Median: 4.67
vs HKSE:00381: 46.51
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) %. Kiu Hung International Holdings'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.
Kiu Hung International Holdings 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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Kiu Hung International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) %
For the Leisure subindustry, Kiu Hung International Holdings'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.
Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Kiu Hung International Holdings 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.
Kiu Hung International Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 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.
Kiu Hung International Holdings (HKSE:00381) 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.
Kiu Hung International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kiu Hung International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kiu Hung International Holdings (HKSE:00381) Business Description
Kiu Hung International Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the manufacturing and trading of toys and gift items, the development, processing, and trading of Chinese herbal products, and the investment in various businesses including fruit plantation, leisure, and culture. The group has six reportable segments which include Exploration, Toys and gifts items, Fruit plantation, Leisure, Culture, and Chinese Herbs. It derives key revenue from the Toys and gifts items segment. The group has a business presence in the PRC, the USA, Canada, European Union, Samoa, and Other regions.
Kiu Hung International Holdings (HKSE:00381) Headlines
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