Xinyuan Real Estate Co's Enterprise Value for the quarter that ended in Jun. 2023 was $1,816.7 Mil.
Xinyuan Real Estate Co's EBIT for the trailing twelve months (TTM) ended in Jun. 2023 was $76.7 Mil. Xinyuan Real Estate Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2023 was 0.00%.
The historical rank and industry rank for Xinyuan Real Estate Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XIN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.8 Med: 8.96 Max: 207.55
Current: 4.58
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Xinyuan Real Estate Co was 207.55%. The lowest was -11.80%. And the median was 8.96%.
XIN's Earnings Yield (Joel Greenblatt) % is ranked better than 51.51% of 1858
companies
in the Real Estate industry
Industry Median: 4.33
vs XIN: 4.58
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) %. Xinyuan Real Estate Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2023 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.
Xinyuan Real Estate Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Xinyuan Real Estate 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.
For the Real Estate - Development subindustry, Xinyuan Real Estate 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.
Xinyuan Real Estate Co Earnings Yield (Joel Greenblatt) % Distribution
For the Real Estate industry and Real Estate sector, Xinyuan Real Estate Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Xinyuan Real Estate Co's Earnings Yield (Joel Greenblatt) % falls into.
Xinyuan Real Estate 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.
Xinyuan Real Estate Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
For company reported semi-annually or annually, GuruFocus only calculate annual data for Earnings Yield (Joel Greenblatt) and apply the annual figure to corresponding quarter.
Xinyuan Real Estate Co (NYSE:XIN) 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.
Xinyuan Real Estate Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Xinyuan Real Estate Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Xinyuan Real Estate Co (Xinyuan Real Estate Co) Business Description
Xinyuan Real Estate Co Ltd operates as a real estate developer and property manager in China. It develops and manages large-scale, high-quality real estate projects in over ten tier one and tier two cities, including Beijing, Shanghai, Zhengzhou, Suzhou, among others. It aims to provide comfortable and convenient real estate-related products and services to middle-class consumers. Xinyuan's product portfolio consists of multiple-rise buildings, sub-high-rise buildings, and high-rise buildings, together with auxiliary services and amenities such as retail outlets, leisure and health facilities, kindergartens and schools. In addition, the company provides property management services for its projects and other real estate-related services to its customers.
Xinyuan Real Estate Co (Xinyuan Real Estate Co) Headlines
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