HKSE:02270's Earnings Yield (Joel Greenblatt) % is ranked better than 64.11% of 1839
companies
in the Real Estate industry
Industry Median: 4.13
vs HKSE:02270: 6.44
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) %. Desun Real Estate Investment Services Group Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2024 was 18.88%. 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.
Desun Real Estate Investment Services Group Co 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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Desun Real Estate Investment Services Group Co Earnings Yield (Joel Greenblatt) % Chart
Desun Real Estate Investment Services Group Co Annual Data
Competitive Comparison of Desun Real Estate Investment Services Group Co's Earnings Yield (Joel Greenblatt) %
For the Real Estate Services subindustry, Desun Real Estate Investment Services Group Co'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.
Desun Real Estate Investment Services Group Co's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry
Desun Real Estate Investment Services Group Co 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.
Desun Real Estate Investment Services Group Co (HKSE:02270) 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.
Desun Real Estate Investment Services Group Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Desun Real Estate Investment Services Group Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Desun Real Estate Investment Services Group Co Business Description
Desun Real Estate Investment Services Group Co Ltd is principally engaged in the provision of property management services and value-added services to property and non-property owners in China. Company's three business segments include property services, asset operation services and investment and development The company's majority of the revenue is generated in the PRC region.
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