What is Tianjin Port Development Holdings Earnings Yield (Joel Greenblatt) %?
Tianjin Port Development Holdings's Enterprise Value for the quarter that ended in Dec. 2023 was HK$19,420 Mil.
Tianjin Port Development Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$2,366 Mil. Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 12.18%.
The historical rank and industry rank for Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:03382'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 7.67 Med: 10.07 Max: 61.73
Current: 61.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Tianjin Port Development Holdings was 61.73%. The lowest was 7.67%. And the median was 10.07%.
HKSE:03382's Earnings Yield (Joel Greenblatt) % is ranked better than 98.1% of 1001
companies
in the Transportation industry
Industry Median: 6.79
vs HKSE:03382: 61.73
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) %. Tianjin Port Development Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 69.73%. 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.
Tianjin Port Development 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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Tianjin Port Development Holdings Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) %
For the Marine Shipping subindustry, Tianjin Port Development 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.
Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Tianjin Port Development 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.
Tianjin Port Development Holdings (HKSE:03382) 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.
Tianjin Port Development Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Tianjin Port Development Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianjin Port Development Holdings (HKSE:03382) Business Description
Tianjin Port Development Holdings Ltd is a transportation and logistics company that operates the Tianjin Port in the People's Republic of China. The company organizes itself into three segments: non-containerised and container cargo handling, sales, and other port ancillary services. The cargo handling segment, which generates the majority of revenue, handles both container and non-container cargo. Sales, the next most significant segment, sells fuel and other supplies and materials. Other port ancillary services include tugboat services, agency services, tallying, and other services.
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