What is MINISO Group Holding Earnings Yield (Joel Greenblatt) %?
MINISO Group Holding's Enterprise Value for the quarter that ended in Dec. 2023 was HK$44,608 Mil.
MINISO Group Holding's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$3,318 Mil. MINISO Group Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 7.49%.
The historical rank and industry rank for MINISO Group Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
HKSE:09896'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -8.68 Med: 5.75 Max: 25.43
Current: 6.25
During the past 6 years, the highest Earnings Yield (Joel Greenblatt) of MINISO Group Holding was 25.43%. The lowest was -8.68%. And the median was 5.75%.
HKSE:09896's Earnings Yield (Joel Greenblatt) % is ranked better than 57.69% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 4.845
vs HKSE:09896: 6.25
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) %. MINISO Group Holding'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.
MINISO Group Holding Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for MINISO Group Holding'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.
MINISO Group Holding Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of MINISO Group Holding's Earnings Yield (Joel Greenblatt) %
For the Specialty Retail subindustry, MINISO Group Holding'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.
MINISO Group Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, MINISO Group Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where MINISO Group Holding's Earnings Yield (Joel Greenblatt) % falls into.
MINISO Group Holding 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.
MINISO Group Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as
MINISO Group Holding'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$3,318 Mil.
MINISO Group Holding (HKSE:09896) 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.
MINISO Group Holding Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of MINISO Group Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
MINISO Group Holding (HKSE:09896) Business Description
MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.
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