What is Angang Steel Co Earnings Yield (Joel Greenblatt) %?
Angang Steel Co's Enterprise Value for the quarter that ended in Mar. 2024 was $2,410 Mil.
Angang Steel Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $-764 Mil. Angang Steel Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -20.20%.
The historical rank and industry rank for Angang Steel Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
ANGGF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -22.32 Med: 4.47 Max: 29.39
Current: -22.32
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Angang Steel Co was 29.39%. The lowest was -22.32%. And the median was 4.47%.
ANGGF's Earnings Yield (Joel Greenblatt) % is ranked worse than 95.63% of 640
companies
in the Steel industry
Industry Median: 6.755
vs ANGGF: -22.32
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) %. Angang Steel Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 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.
Angang Steel Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Angang Steel Co'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.
Angang Steel Co Earnings Yield (Joel Greenblatt) % Chart
For the Steel subindustry, Angang Steel 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.
Angang Steel Co's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Angang Steel Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Angang Steel Co's Earnings Yield (Joel Greenblatt) % falls into.
Angang Steel 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.
Angang Steel Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Angang Steel 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 $-764 Mil.
Angang Steel Co (OTCPK:ANGGF) 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.
Angang Steel Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Angang Steel Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Angang Steel Co (Angang Steel Co) Business Description
Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.
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