What is Lien Hwa Industrial Holding Earnings Yield (Joel Greenblatt) %?
Lien Hwa Industrial Holding's Enterprise Value for the quarter that ended in Mar. 2024 was NT$135,372 Mil.
Lien Hwa Industrial Holding's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was NT$4,341 Mil. Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 3.21%.
The historical rank and industry rank for Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TPE:1229'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 3.29 Med: 6.61 Max: 10.34
Current: 3.85
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lien Hwa Industrial Holding was 10.34%. The lowest was 3.29%. And the median was 6.61%.
TPE:1229's Earnings Yield (Joel Greenblatt) % is ranked worse than 62.92% of 542
companies
in the Conglomerates industry
Industry Median: 6.68
vs TPE:1229: 3.85
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) %. Lien Hwa Industrial Holding's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 15.33%. 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.
The historical data trend for Lien Hwa Industrial 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.
For the Conglomerates subindustry, Lien Hwa Industrial 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.
Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Lien Hwa Industrial Holdings Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Lien Hwa Industrial Holding'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 NT$4,341 Mil.
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.
Thank you for viewing the detailed overview of Lien Hwa Industrial Holding's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lien Hwa Industrial Holding (TPE:1229) Business Description
Lien Hwa Industrial Holding Corp is engaged in flour production and sale, real estate rental, integrated system service, automatic system, and other electronic businesses. The company has five reportable segments. The rental business provides real property rental and development services. The noodle business manufactures and sells all kinds of noodles and processed foods. The noodle business overseas is a noodles manufacturing and sale company. The system integration service business provides the system integration service, automatic system, applied software design, and sale of industrial computers. The administrative resource center is responsible for the management of domestic/foreign investment business.
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