What is Macau Legend Development Earnings Yield (Joel Greenblatt) %?
Macau Legend Development's Enterprise Value for the quarter that ended in Dec. 2023 was $407.9 Mil.
Macau Legend Development's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $-27.0 Mil. Macau Legend Development's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -5.62%.
The historical rank and industry rank for Macau Legend Development's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
MALDF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -31.89 Med: -2.25 Max: 43.79
Current: -5.82
During the past 12 years, the highest Earnings Yield (Joel Greenblatt) of Macau Legend Development was 43.79%. The lowest was -31.89%. And the median was -2.25%.
MALDF's Earnings Yield (Joel Greenblatt) % is ranked worse than 85.6% of 854
companies
in the Travel & Leisure industry
Industry Median: 4.19
vs MALDF: -5.82
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) %. Macau Legend Development'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.
Macau Legend Development Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Macau Legend 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.
* Premium members only.
Macau Legend Development Earnings Yield (Joel Greenblatt) % Chart
For the Resorts & Casinos subindustry, Macau Legend 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.
Macau Legend Development's Earnings Yield (Joel Greenblatt) % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Macau Legend Development's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Macau Legend Development's Earnings Yield (Joel Greenblatt) % falls into.
Macau Legend 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.
Macau Legend Developments Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Macau Legend Development (OTCPK:MALDF) 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.
Macau Legend Development Earnings Yield (Joel Greenblatt) % Related Terms
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Macau Legend Development (Macau Legend Development) Business Description
Macau Legend Development Ltd is an investment holdings company. The company is one of the owners of entertainment and casino gaming facilities in Macau. The company currently has Macau Fisherman's Wharf operated by MFW Investment (MFW), which is a waterfront integrated gaming, hotel, convention and entertainment complex located on the Macau Peninsula. The company's businesses include 1) the provision of gaming services to SJM for the operation of Legend Palace Casino; 2) the operation of casino inside Savan Legend Resorts Hotel and Entertainment Complex in the Lao People's Democratic Republic (Lao PDR); and 3) the operation of hotels, entertainment and leisure facilities within its properties.
Macau Legend Development (Macau Legend Development) Headlines
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