What is Ocean Line Port Development Earnings Yield (Joel Greenblatt) %?
Ocean Line Port Development's Enterprise Value for the quarter that ended in Dec. 2024 was HK$-1.82 Mil.
Ocean Line Port Development's EBIT for the trailing twelve months (TTM) ended in Dec. 2024 was HK$44.68 Mil. Ocean Line Port Development's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2024 was -5,000.00%.
The historical rank and industry rank for Ocean Line Port Development's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:08502'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -454.55 Med: 46.94 Max: 349.81
Current: -322.58
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of Ocean Line Port Development was 349.81%. The lowest was -454.55%. And the median was 46.94%.
HKSE:08502's Earnings Yield (Joel Greenblatt) % is ranked better than 99.43% of 1766
companies
in the Construction industry
Industry Median: 6.31
vs HKSE:08502: -322.58
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) %. Ocean Line Port Development'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.
Ocean Line Port Development Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Ocean Line Port Development'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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Ocean Line Port Development Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Ocean Line Port Development's Earnings Yield (Joel Greenblatt) %
For the Infrastructure Operations subindustry, Ocean Line Port Development'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.
Ocean Line Port Development's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Ocean Line Port Development's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ocean Line Port Development's Earnings Yield (Joel Greenblatt) % falls into.
Ocean Line Port Development 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.
Ocean Line Port Developments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2024 is calculated as
Ocean Line Port Development'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$44.68 Mil.
Ocean Line Port Development (HKSE:08502) 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.
Ocean Line Port Development Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Ocean Line Port Development's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ocean Line Port Development Ltd is an inland terminal operator in the PRC and is engaged in the provision of port logistic services including uploading and unloading of cargoes, bulk cargo handling services, container handling, storage and other services. The group operates two port terminals, namely, Jiangkou Terminal and Niutoushan Terminal, both situated in Chizhou City, Anhui Province, the PRC. It derives revenue from provision of uploading and unloading handling services, bulk cargo and break bulk cargo, containers, and provision of ancillary port services.
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