The historical rank and industry rank for Niche-Tech Semiconductor Materials's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08490'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -5.27 Med: 2.19 Max: 15.13
Current: 5.89
During the past 9 years, the highest Earnings Yield (Joel Greenblatt) of Niche-Tech Semiconductor Materials was 15.13%. The lowest was -5.27%. And the median was 2.19%.
HKSE:08490's Earnings Yield (Joel Greenblatt) % is ranked better than 76.73% of 997
companies
in the Semiconductors industry
Industry Median: 2.06
vs HKSE:08490: 5.89
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) %. Niche-Tech Semiconductor Materials's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
Niche-Tech Semiconductor Materials 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.
For the Semiconductor Equipment & Materials subindustry, Niche-Tech Semiconductor Materials'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.
Niche-Tech Semiconductor Materials's Earnings Yield (Joel Greenblatt) % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Niche-Tech Semiconductor Materials's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Niche-Tech Semiconductor Materials'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.
Niche-Tech Semiconductor Materials's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$11.0 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.
Niche-Tech Semiconductor Materials Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Niche-Tech Semiconductor Materials's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Niche-Tech Semiconductor Materials (HKSE:08490) Business Description
Niche-Tech Semiconductor Materials Ltd is a semiconductor packaging materials manufacturer. Its products are divided into Bonding Wires, Encapsulants, and Others. Bonding wires include developing, manufacturing, and supply of fine and ultra-fine Bonding Wires such as gold, gold alloy, silver alloy, aluminum, silicone aluminum, copper, copper alloy, and palladium-coated copper. Other products mainly include solder wire, solder bar, solder paste, and bonding tools for PCB application, and Encapsulant includes high-purity liquid glob-top epoxy for COB applications and others. The company generates a majority of its revenue from Bonding wires, and geographically from the People's Republic of China.
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