What is Yip's Chemical Holdings Earnings Yield (Joel Greenblatt) %?
Yip's Chemical Holdings's Enterprise Value for the quarter that ended in Dec. 2024 was HK$1,495 Mil.
Yip's Chemical Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$178 Mil. Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 11.92%.
The historical rank and industry rank for Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00408'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.2 Med: 11.88 Max: 20.46
Current: 11.48
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Yip's Chemical Holdings was 20.46%. The lowest was -1.20%. And the median was 11.88%.
HKSE:00408's Earnings Yield (Joel Greenblatt) % is ranked better than 83.77% of 1596
companies
in the Chemicals industry
Industry Median: 3.77
vs HKSE:00408: 11.48
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) %. Yip's Chemical Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was -7.47%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five 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.
Yip's Chemical Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Yip's Chemical Holdings'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.
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Yip's Chemical Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) %
For the Specialty Chemicals subindustry, Yip's Chemical 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.
Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Yip's Chemical 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.
Yip's Chemical Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 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.
Yip's Chemical Holdings (HKSE:00408) 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.
Yip's Chemical Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Yip's Chemical Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Yip's Chemical Holdings Ltd produces petrochemical products. It has four segments, coatings, inks, lubricants, and properties. The Coatings, Inks, and Lubricants segments are in the manufacturing and trading of coatings, inks, and lubricants-related products. The Properties segment includes property investment and holding of the Group's properties not used for production plants, central administration office, and not used for other operating segments, including but not limited to properties for rental.
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