What is Most Kwai Chung Earnings Yield (Joel Greenblatt) %?
Most Kwai Chung's Enterprise Value for the quarter that ended in Sep. 2023 was HK$93.65 Mil.
Most Kwai Chung's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-17.93 Mil. Most Kwai Chung's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Most Kwai Chung's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01716'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -45.33 Med: 6.55 Max: 44.28
Current: -24.21
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Most Kwai Chung was 44.28%. The lowest was -45.33%. And the median was 6.55%.
HKSE:01716's Earnings Yield (Joel Greenblatt) % is ranked worse than 87.28% of 1046
companies
in the Media - Diversified industry
Industry Median: 3.06
vs HKSE:01716: -24.21
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) %. Most Kwai Chung's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Most Kwai Chung Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Most Kwai Chung'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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Most Kwai Chung Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Most Kwai Chung's Earnings Yield (Joel Greenblatt) %
For the Advertising Agencies subindustry, Most Kwai Chung'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.
Most Kwai Chung's Earnings Yield (Joel Greenblatt) % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Most Kwai Chung's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Most Kwai Chung's Earnings Yield (Joel Greenblatt) % falls into.
Most Kwai Chung 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.
Most Kwai Chungs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 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.
Most Kwai Chung (HKSE:01716) 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.
Most Kwai Chung Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Most Kwai Chung's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Most Kwai Chung Ltd is an investment holding company. The company is engaged in the provision of digital media services, print media services and other media services which include events organization and artistes management. Its operating segment includes Digital media services, Print media services, and Other media services. Digital media services is engaged in the provision of one-stop advertising solution packages. The Print media services represent advertorial production and advertisement placement services and sale of publications including books and magazines. It generates maximum revenue from the Digital media services segment. Geographically, it operates only in Hong Kong.
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