What is Finet Group Earnings Yield (Joel Greenblatt) %?
Finet Group's Enterprise Value for the quarter that ended in Sep. 2023 was HK$50.19 Mil.
Finet Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was HK$-19.65 Mil. Finet Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was -39.22%.
The historical rank and industry rank for Finet Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08317'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -62.85 Med: -7.45 Max: 27.49
Current: -20.88
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Finet Group was 27.49%. The lowest was -62.85%. And the median was -7.45%.
HKSE:08317's Earnings Yield (Joel Greenblatt) % is ranked worse than 92.99% of 1113
companies
in the Business Services industry
Industry Median: 5.51
vs HKSE:08317: -20.88
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) %. Finet Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 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.
Finet Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Finet 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.
* Premium members only.
Finet Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Finet Group's Earnings Yield (Joel Greenblatt) %
For the Specialty Business Services subindustry, Finet 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.
Finet Group's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Finet Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Finet Group's Earnings Yield (Joel Greenblatt) % falls into.
Finet 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.
Finet Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2023 is calculated as
Finet Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$-19.65 Mil.
Finet Group (HKSE:08317) 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.
Finet Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Finet Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.
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