What is China Mobile Earnings Yield (Joel Greenblatt) %?
China Mobile's Enterprise Value for the quarter that ended in Mar. 2024 was $0 Mil.
China Mobile's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was $24,436 Mil. China Mobile's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 8.99%.
The historical rank and industry rank for China Mobile's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.41 Med: 10.49 Max: 21.19
Current: 15.63
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of China Mobile was 21.19%. The lowest was 8.41%. And the median was 10.49%.
CHL's Earnings Yield (Joel Greenblatt) % is ranked better than 87.72% of 399
companies
in the Telecommunication Services industry
Industry Median: 5.51
vs CHL: 15.63
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) %. China Mobile'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.
China Mobile Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for China Mobile'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.
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China Mobile Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of China Mobile's Earnings Yield (Joel Greenblatt) %
For the Telecom Services subindustry, China Mobile'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.
China Mobile's Earnings Yield (Joel Greenblatt) % Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Mobile's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where China Mobile's Earnings Yield (Joel Greenblatt) % falls into.
China Mobile 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.
China Mobiles Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
China Mobile'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 $24,436 Mil.
China Mobile (NYSE:CHL) 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.
China Mobile Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of China Mobile's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
China Mobile is not only the largest telecom operator in China by the number of mobile subscribers (990 million) but also the largest in the world. It has 60% of the total wireless market in China and 45% of the fixed-line broadband market. The firm is continuing to roll out its 5G network, having launched 5G service in late 2019. It is doing some 5G network sharing with China Broadnet at 700 MHz and also resells its 2G/4G/5G network through China Broadnet. Strong growth is being generated through internet data centers where it has the second-largest network in China and through Cloud Services. The company issued stock on the A-share market in 2022 and completed its first buyback of H-shares.
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