What is Dalipal Holdings Earnings Yield (Joel Greenblatt) %?
Dalipal Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$8,155 Mil.
Dalipal Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$255 Mil. Dalipal Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 3.12%.
The historical rank and industry rank for Dalipal Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01921'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.95 Med: 3.98 Max: 18.61
Current: 2.99
During the past 8 years, the highest Earnings Yield (Joel Greenblatt) of Dalipal Holdings was 18.61%. The lowest was -1.95%. And the median was 3.98%.
HKSE:01921's Earnings Yield (Joel Greenblatt) % is ranked worse than 60.84% of 1093
companies
in the Oil & Gas industry
Industry Median: 6.36
vs HKSE:01921: 2.99
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) %. Dalipal Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -3.89%. 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.
Dalipal Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Dalipal Holdings'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.
Competitive Comparison of Dalipal Holdings's Earnings Yield (Joel Greenblatt) %
For the Oil & Gas Equipment & Services subindustry, Dalipal 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.
Dalipal Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dalipal Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Dalipal Holdings's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Dalipal Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 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.
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.
Dalipal Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Dalipal Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Dalipal Holdings (HKSE:01921) Business Description
Dalipal Holdings Ltd is engaged in the development, manufacture and sale of oil and gas pipes, new energy pipes and special seamless steel pipes and and other products. The company generates the majority of the revenue from the Sales of oil and gas pipes. The company operates in China and overseas, out of which China accounts for the majority of the revenue.
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