What is Prada SpA Earnings Yield (Joel Greenblatt) %?
Prada SpA's Enterprise Value for the quarter that ended in Dec. 2023 was HK$130,748 Mil.
Prada SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was HK$0 Mil. Prada SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 6.84%.
The historical rank and industry rank for Prada SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Prada SpA was 11.67%. The lowest was 0.01%. And the median was 4.56%.
HKSE:01913's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Retail - Cyclical industry.
Industry Median: 4.91 * 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) %. Prada SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 24.14%. 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.
Prada SpA Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Prada SpA'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.
Competitive Comparison of Prada SpA's Earnings Yield (Joel Greenblatt) %
For the Luxury Goods subindustry, Prada SpA'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.
Prada SpA's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Prada SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Prada SpA's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Prada SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Prada SpA's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was HK$0 Mil.
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.
Prada SpA Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Prada SpA's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Prada is a family owned holding comprising Prada brand, a younger and more fashion-oriented Miu Miu, and two classic shoe brands: Church's and Car Shoe. The company generates more than EUR 4.2 billion in sales, with almost 90% from the Prada brand. Leather goods make up 50% of retail sales, ready-to-wear 29%, footwear 18%, and licensing (mainly eyewear and fragrances) 3%. Geographically, Asia is the biggest region with 33% of retail sales, followed by Europe at 32%, 21% in the Americas, and 10% in Japan.
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