SGX:9G2's Earnings Yield (Joel Greenblatt) % is ranked worse than 76.45% of 688
companies
in the Healthcare Providers & Services industry
Industry Median: 2.66
vs SGX:9G2: -8.29
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) %. Singapore Institute Of Advanced Medicine Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2022 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.
Singapore Institute Of Advanced Medicine Holdings 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.
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Singapore Institute Of Advanced Medicine Holdings Earnings Yield (Joel Greenblatt) % Chart
Singapore Institute Of Advanced Medicine Holdings Annual Data
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Singapore Institute Of Advanced Medicine Holdings Quarterly Data
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Competitive Comparison of Singapore Institute Of Advanced Medicine Holdings's Earnings Yield (Joel Greenblatt) %
For the Medical Care Facilities subindustry, Singapore Institute Of Advanced Medicine Holdings'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.
Singapore Institute Of Advanced Medicine Holdings's Earnings Yield (Joel Greenblatt) % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Singapore Institute Of Advanced Medicine Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Singapore Institute Of Advanced Medicine Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Singapore Institute Of Advanced Medicine Holdings 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.
Singapore Institute Of Advanced Medicine Holdings (SGX:9G2) 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.
Singapore Institute Of Advanced Medicine Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Singapore Institute Of Advanced Medicine Holdings's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Singapore Institute Of Advanced Medicine Holdings (SGX:9G2) Business Description
Singapore Institute Of Advanced Medicine Holdings Ltd is a healthcare service provider using advanced technology for early and accurate diagnosis, It is engaged in the following business segments Medical Diagnostics and Treatments, Radiation Therapy and Medical Oncology Services. Medical diagnostics and treatments which cover (i) cancer-related diagnostics and theranostics treatments; (ii) general diagnostics and health screening; and (iii) aesthetic services Medical diagnostics and treatments which cover (i) cancer-related diagnostics and theranostics treatments; (ii) general diagnostics and health screening; and (iii) aesthetic services. Maximum revenue is generated from generated from Medical Diagnostics and Treatments.
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