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Youdao Earnings Yield (Joel Greenblatt) %

: -11.79% (As of Jun. 2021)
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Youdao's Enterprise Value for the quarter that ended in Jun. 2021 was $2,770.3 Mil. Youdao's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 was $-326.5 Mil. Youdao's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2021 was -11.79%.

The historical rank and industry rank for Youdao's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

NYSE:DAO' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -34.71   Med: -7.15   Max: -2.54
Current: -23.18

-34.71
-2.54

During the past 4 years, the highest Earnings Yield (Joel Greenblatt) of Youdao was -2.54%. The lowest was -34.71%. And the median was -7.15%.

NYSE:DAO's Earnings Yield (Joel Greenblatt) % is ranked lower than
99.99% of the 64 Companies
in the Interactive Media industry.

( Industry Median: 0.75 vs. NYSE:DAO: -23.18 )

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) %. Youdao's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2021 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.


Youdao Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Youdao'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.

Youdao Annual Data
Trend Dec17 Dec18 Dec19 Dec20
Earnings Yield (Joel Greenblatt) %
- - -5.51 -8.55

Youdao Quarterly Data
Dec17 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Earnings Yield (Joel Greenblatt) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.95 -7.47 -8.55 -10.02 -11.79

Competitive Comparison

For the Internet Content & Information subindustry, Youdao'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.

   

Youdao Earnings Yield (Joel Greenblatt) % Distribution

For the Interactive Media industry and Communication Services sector, Youdao's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Youdao's Earnings Yield (Joel Greenblatt) % falls into.



Youdao 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.

Youdaos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2020 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=-262.90398054838/3072.0447644318
=-8.56 %

Youdao's EBIT for the trailing twelve months (TTM) ended in Jun. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $-326.5 Mil.



Youdao  (NYSE:DAO) 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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


Youdao Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of Youdao's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Youdao Business Description

Youdao logo
Industry
Traded in Other Exchanges
Address
No. 399, Wangshang Road, Binjiang District, Hangzhou, CHN, 310051
Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Learning products, and Online marketing services. Nearly half of its revenues come from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as Youdao Dictionary Pen and Youdao Pocket Translator. It generates revenues from the online marketing services through the provision of different formats of advertisement, including but not limited to banners, text links, videos, logos, buttons, and rich media.

Youdao Headlines

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