What is Crown Paints Kenya Earnings Yield (Joel Greenblatt) %?
Crown Paints Kenya's Enterprise Value for the quarter that ended in Dec. 2022 was KES8,137 Mil.
Crown Paints Kenya's EBIT for the trailing twelve months (TTM) ended in Dec. 2022 was KES1,289 Mil. Crown Paints Kenya's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2022 was 15.85%.
The historical rank and industry rank for Crown Paints Kenya's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NAI:CRWN'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.96 Med: 13.21 Max: 42.17
Current: 17.78
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Crown Paints Kenya was 42.17%. The lowest was 2.96%. And the median was 13.21%.
NAI:CRWN's Earnings Yield (Joel Greenblatt) % is ranked better than 91.96% of 1580
companies
in the Chemicals industry
Industry Median: 3.91
vs NAI:CRWN: 17.78
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) %. Crown Paints Kenya's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2022 was 22.07%. 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.
Crown Paints Kenya Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Crown Paints Kenya'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.
Crown Paints Kenya Earnings Yield (Joel Greenblatt) % Chart
For the Specialty Chemicals subindustry, Crown Paints Kenya'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.
Crown Paints Kenya's Earnings Yield (Joel Greenblatt) % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Crown Paints Kenya's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Crown Paints Kenya's Earnings Yield (Joel Greenblatt) % falls into.
Crown Paints Kenya 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.
Crown Paints Kenyas 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.
Crown Paints Kenya (NAI:CRWN) 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.
Crown Paints Kenya Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Crown Paints Kenya's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Crown Paints Kenya (NAI:CRWN) Business Description
Crown Paints Kenya Ltd is a Kenya-based paint manufacturer. The company comprises two business segments - Paints and Adhesives. The Paints segment manufactures and sells paints, decorating sundries, polyvinyl acetate emulsion, and alkyd resins producer. The Adhesives segment manufactures and sells adhesives. It offers decorative paints, automotive paints, industrial paints, road marking paints, and thinners. The company generates majority of its revenue from Paints segment. The company does its sales via geographical segments that include Kenya, Uganda, Tanzania, Rwanda, and others.
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