What is HEC Infra Projects Earnings Yield (Joel Greenblatt) %?
HEC Infra Projects's Enterprise Value for the quarter that ended in Sep. 2023 was ₹681.6 Mil.
HEC Infra Projects's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was ₹13.5 Mil. HEC Infra Projects's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 1.98%.
The historical rank and industry rank for HEC Infra Projects's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:HECPROJECT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.78 Med: 18.09 Max: 27.18
Current: 1.16
During the past 10 years, the highest Earnings Yield (Joel Greenblatt) of HEC Infra Projects was 27.18%. The lowest was 0.78%. And the median was 18.09%.
NSE:HECPROJECT's Earnings Yield (Joel Greenblatt) % is ranked worse than 75.4% of 1707
companies
in the Construction industry
Industry Median: 6.55
vs NSE:HECPROJECT: 1.16
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) %. HEC Infra Projects'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.
HEC Infra Projects Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for HEC Infra Projects'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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HEC Infra Projects Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of HEC Infra Projects's Earnings Yield (Joel Greenblatt) %
For the Engineering & Construction subindustry, HEC Infra Projects'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.
HEC Infra Projects's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, HEC Infra Projects's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where HEC Infra Projects's Earnings Yield (Joel Greenblatt) % falls into.
HEC Infra Projects 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.
HEC Infra Projectss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
HEC Infra Projects'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 ₹13.5 Mil.
HEC Infra Projects (NSE:HECPROJECT) 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.
HEC Infra Projects Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of HEC Infra Projects's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
HEC Infra Projects (NSE:HECPROJECT) Business Description
HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company (EPC) Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.
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