What is China Financial Services Holdings Earnings Yield (Joel Greenblatt) %?
China Financial Services Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$799.4 Mil.
China Financial Services Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-152.0 Mil. China Financial Services Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -19.01%.
The historical rank and industry rank for China Financial Services Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:00605'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -60.9 Med: 13.76 Max: 37.18
Current: -21.19
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Financial Services Holdings was 37.18%. The lowest was -60.90%. And the median was 13.76%.
HKSE:00605's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.09% of 537
companies
in the Credit Services industry
Industry Median: 0.72
vs HKSE:00605: -21.19
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) %. China Financial Services 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.
China Financial Services 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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China Financial Services Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Financial Services Holdings's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, China Financial Services 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.
China Financial Services Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, China Financial Services Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Financial Services Holdings's Earnings Yield (Joel Greenblatt) % falls into.
China Financial Services 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.
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.
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.
China Financial Services Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Financial Services Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Financial Services Holdings (HKSE:00605) Business Description
China Financial Services Holdings Ltd is a non-bank financial service provider. The company is involved in providing customized financial services and solutions to small and medium-sized enterprises (SMEs). It is primarily engaged in the direct loan, financial guarantee and financial advisory businesses. The company finances its direct loan services using its own capital. In view of helping SMEs to obtain a loan from financial institutions, the company provides financial guarantee services through its financial guarantee company. Geographically, it has operations in Hong Kong, China, and the United Kingdom. Most of the group's revenue is generated from China.
China Financial Services Holdings (HKSE:00605) Headlines
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