What is Million Hope Industries Holdings Earnings Yield (Joel Greenblatt) %?
Million Hope Industries Holdings's Enterprise Value for the quarter that ended in Sep. 2023 was HK$63.0 Mil.
Million Hope Industries Holdings's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$18.9 Mil. Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01897'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -3694.23 Med: 15.1 Max: 179.69
Current: 33.44
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Million Hope Industries Holdings was 179.69%. The lowest was -3694.23%. And the median was 15.10%.
HKSE:01897's Earnings Yield (Joel Greenblatt) % is ranked better than 92.53% of 1701
companies
in the Construction industry
Industry Median: 6.45
vs HKSE:01897: 33.44
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) %. Million Hope Industries Holdings'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.
Million Hope Industries 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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Million Hope Industries Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, Million Hope Industries 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.
Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Million Hope Industries 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.
Million Hope Industries Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Million Hope Industries Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Million Hope Industries Holdings (HKSE:01897) Business Description
Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.
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