What is Shineroad International Holdings Earnings Yield (Joel Greenblatt) %?
Shineroad International Holdings's Enterprise Value for the quarter that ended in Dec. 2024 was HK$177.4 Mil.
Shineroad International Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$66.6 Mil. Shineroad International Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 37.45%.
The historical rank and industry rank for Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01587'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1564.53 Med: 34.87 Max: 1640.51
Current: 25.19
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Shineroad International Holdings was 1640.51%. The lowest was -1564.53%. And the median was 34.87%.
HKSE:01587's Earnings Yield (Joel Greenblatt) % is ranked better than 94.37% of 320
companies
in the Retail - Defensive industry
Industry Median: 6.5
vs HKSE:01587: 25.19
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) %. Shineroad International Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 3.58%. 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.
Shineroad 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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Shineroad International Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Shineroad International Holdings's Earnings Yield (Joel Greenblatt) %
For the Food Distribution subindustry, Shineroad 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.
Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Shineroad 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.
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.
Shineroad International Holdings (HKSE:01587) 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.
Shineroad International Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Shineroad International Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shineroad International Holdings Business Description
Shineroad International Holdings Ltd is a distributor in the food ingredients and additives distribution industry with the capabilities to provide food ingredients application solutions to its customers. The company supplies its extensive portfolio of various food ingredients and food additives to food manufacturers in the PRC, Vietnam, and Thailand. It has one reportable segment which is the distribution of food ingredients and food additives. Its products are classified into food ingredients, food additives, and packaging materials. The Company derives its revenue mainly from the distribution of food ingredients and food additives in the PRC.
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