The historical rank and industry rank for Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
SHSE:600507'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.44 Med: 15.05 Max: 109.12
Current: 41.67
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Fangda Special Steel Technology Co was 109.12%. The lowest was 0.44%. And the median was 15.05%.
SHSE:600507's Earnings Yield (Joel Greenblatt) % is ranked better than 95.29% of 637
companies
in the Steel industry
Industry Median: 6.66
vs SHSE:600507: 41.67
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) %. Fangda Special Steel Technology Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 2.48%. 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.
Fangda Special Steel Technology Co 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.
* Premium members only.
Fangda Special Steel Technology Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) %
For the Steel subindustry, Fangda Special Steel Technology Co'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.
Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % falls into.
Fangda Special Steel Technology Co 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.
Fangda Special Steel Technology Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥973 Mil.
Fangda Special Steel Technology Co (SHSE:600507) 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.
Fangda Special Steel Technology Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Fangda Special Steel Technology Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fangda Special Steel Technology Co (SHSE:600507) Business Description
Fangda Special Steel Technology Co Ltd is mainly engaged in the production and distribution of iron and steel products. It is also involved in processing coke crafts, sintering, smelting iron, steel-making, and steel rolling. The company's products include the automotive leaf springs, deformed steel bars, spring flat steels, round springs, shock absorbers, spring special equipment, auto parts, and molds.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SHSE:600507 has been successfully added to your 