What is Kwong Man Kee Group Earnings Yield (Joel Greenblatt) %?
Kwong Man Kee Group's Enterprise Value for the quarter that ended in Sep. 2024 was HK$156.70 Mil.
Kwong Man Kee Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was HK$10.61 Mil. Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2024 was 0.00%.
The historical rank and industry rank for Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08023'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -0.92 Med: 4.81 Max: 15.74
Current: 5.88
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Kwong Man Kee Group was 15.74%. The lowest was -0.92%. And the median was 4.81%.
HKSE:08023's Earnings Yield (Joel Greenblatt) % is ranked worse than 52.55% of 1766
companies
in the Construction industry
Industry Median: 6.33
vs HKSE:08023: 5.88
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) %. Kwong Man Kee Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2024 was 0.00%. 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.
Kwong Man Kee Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Kwong Man Kee Group'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.
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Kwong Man Kee Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, Kwong Man Kee 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.
Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) % falls into.
Kwong Man Kee 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.
Kwong Man Kee Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Kwong Man Kee Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$10.61 Mil.
Kwong Man Kee Group (HKSE:08023) 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.
Kwong Man Kee Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Kwong Man Kee Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kwong Man Kee Group Ltd provides engineering services to the car park flooring industry. Its services include flooring services, including the application of proprietary floor coating products for providing a colorful, slip-resistance, and a hard-wearing surface that is resistant against water and petrochemicals; and ancillary services which include specialised texture painting and waterproofing works; and sales of flooring and waterproofing materials. The company's reportable segment are Flooring, which generates maximum revenue, Ancillary services, and Sales of materials.
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