What is Viewtran Group Earnings Yield (Joel Greenblatt) %?
Viewtran Group's Enterprise Value for the quarter that ended in Dec. 2013 was $-70.0 Mil.
Viewtran Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2013 was $12.5 Mil. Viewtran Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2013 was -6.72%.
The historical rank and industry rank for Viewtran Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
VIEWF's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Credit Services industry.
Industry Median: 0.83 * Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.
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) %. Viewtran Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2013 was -4.98%. 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.
Viewtran Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Viewtran Group'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.
Viewtran Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Viewtran Group's Earnings Yield (Joel Greenblatt) %
For the Credit Services subindustry, Viewtran Group'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.
Viewtran Group's Earnings Yield (Joel Greenblatt) % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Viewtran Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Viewtran Group's Earnings Yield (Joel Greenblatt) % falls into.
Viewtran Group 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.
Viewtran Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2013 is calculated as
Viewtran Group's EBIT for the trailing twelve months (TTM) ended in Dec. 2013 adds up the quarterly data reported by the company within the most recent 12 months, which was $12.5 Mil.
Viewtran Group (OTCPK:VIEWF) 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.
Viewtran Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Viewtran Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Viewtran Group (Viewtran Group) Business Description
Viewtran Group Inc provides supply chain financial services and enterprise solutions for the technology industry in China. It has Product Sales and Service Revenue segments. Products sales segment comprises sale of components for digital media, telecommunication system and equipment and industrial applications end-markets. Service revenue segment encompasses provision of technology and engineering services, business process outsourcing, network, system integration and related training and maintenance services. The company mainly operates in China.
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