What is Futian Holdings Earnings Yield (Joel Greenblatt) %?
Futian Holdings's Enterprise Value for the quarter that ended in Dec. 2024 was HK$-35.58 Mil.
Futian Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$-7.97 Mil. Futian Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was 21.98%.
The historical rank and industry rank for Futian Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08196'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2351.79 Med: -1.39 Max: 23.19
Current: 18.69
During the past 11 years, the highest Earnings Yield (Joel Greenblatt) of Futian Holdings was 23.19%. The lowest was -2351.79%. And the median was -1.39%.
HKSE:08196's Earnings Yield (Joel Greenblatt) % is not ranked
in the Waste Management industry.
Industry Median: 3.85
vs HKSE:08196: 18.69
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) %. Futian Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Futian Holdings Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Futian 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 Futian Holdings's Earnings Yield (Joel Greenblatt) %
For the Waste Management subindustry, Futian 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.
Futian Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Futian Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Futian 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.
Futian Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Futian Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-7.97 Mil.
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.
Futian Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Futian Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Futian Holdings Ltd is engaged in the environmental protection business. It focuses on offering engineering services for wastewater and drinking water treatment facilities through various business segments which include Engineering, procurement, and construction projects; Construction projects; Equipment projects; Service concession arrangements, and Others. It derives key revenue from the Equipment Projects segment which comprises projects in which the company is engaged by a customer for procurement of necessary materials, equipment, and machinery, installation, testing, and commissioning of the equipment and machinery for the treatment facilities. Its geographic regions are Mainland China, and Vietnam.
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