The historical rank and industry rank for Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01250'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.35 Med: 6.13 Max: 12.14
Current: 5.62
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Shandong Hi Speed New Energy Group was 12.14%. The lowest was 0.35%. And the median was 6.13%.
HKSE:01250's Earnings Yield (Joel Greenblatt) % is ranked better than 58.37% of 466
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.955
vs HKSE:01250: 5.62
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) %. Shandong Hi Speed New Energy Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was -3.86%. 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.
Shandong Hi Speed New Energy Group 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.
* Premium members only.
Shandong Hi Speed New Energy Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) %
For the Utilities - Renewable subindustry, Shandong Hi Speed New Energy Group'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.
Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) % falls into.
Shandong Hi Speed New Energy Group 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.
Shandong Hi Speed New Energy Group (HKSE:01250) 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.
Shandong Hi Speed New Energy Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shandong Hi Speed New Energy Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shandong Hi Speed New Energy Group Business Description
Shandong Hi Speed New Energy Group Ltd is engaged in the investment, development, construction, operation and management of photovoltaic power businesses; wind power businesses; and clean heat supply service businesses in the People's Republic of China. Its segments include the Construction-related business segment engages in the provision of construction and related services of the clean energy business; and the Operation of Clean Energy Projects segment engages in the investment and development of the photovoltaic power business, the wind power business and provision of clean heat supply services. Majority of the revenue is derived from the Operation of Clean Energy Projects segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01250 has been successfully added to your 