What is Cathay Media And Education Group Earnings Yield (Joel Greenblatt) %?
Cathay Media And Education Group's Enterprise Value for the quarter that ended in Dec. 2023 was HK$259.7 Mil.
Cathay Media And Education Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-196.8 Mil. Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -75.76%.
The historical rank and industry rank for Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:01981'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -404.03 Med: 8.98 Max: 82.65
Current: -42.19
During the past 7 years, the highest Earnings Yield (Joel Greenblatt) of Cathay Media And Education Group was 82.65%. The lowest was -404.03%. And the median was 8.98%.
HKSE:01981's Earnings Yield (Joel Greenblatt) % is ranked worse than 96.62% of 266
companies
in the Education industry
Industry Median: 5.665
vs HKSE:01981: -42.19
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) %. Cathay Media And Education Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Cathay Media And Education 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.
Cathay Media And Education Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) %
For the Education & Training Services subindustry, Cathay Media And Education 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.
Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) % Distribution in the Education Industry
For the Education industry and Consumer Defensive sector, Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) % falls into.
Cathay Media And Education 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.
Cathay Media And Education Group (HKSE:01981) 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.
Cathay Media And Education Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Cathay Media And Education Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cathay Media And Education Group (HKSE:01981) Business Description
Cathay Media And Education Group Inc is a media group, engaged in TV/film production business and higher education business focused on media and arts. The company produces films, TV shows, Web films, and TV series. Its segments include TV/Film production and investment, and Education and training. The majority of the revenue is derived from the higher education segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01981 has been successfully added to your 