What is Samchai Steel Industries PCL Earnings Yield (Joel Greenblatt) %?
Samchai Steel Industries PCL's Enterprise Value for the quarter that ended in Dec. 2023 was ฿1,679 Mil.
Samchai Steel Industries PCL's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ฿-14 Mil. Samchai Steel Industries PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was -0.81%.
The historical rank and industry rank for Samchai Steel Industries PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:SAM'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -18.37 Med: -0.53 Max: 12.14
Current: -0.81
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Samchai Steel Industries PCL was 12.14%. The lowest was -18.37%. And the median was -0.53%.
BKK:SAM's Earnings Yield (Joel Greenblatt) % is ranked worse than 80.97% of 636
companies
in the Steel industry
Industry Median: 6.815
vs BKK:SAM: -0.81
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) %. Samchai Steel Industries PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 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.
The historical data trend for Samchai Steel Industries PCL'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 Steel subindustry, Samchai Steel Industries PCL'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.
Samchai Steel Industries PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Samchai Steel Industries PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Samchai Steel Industries PCL'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.
Samchai Steel Industries PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Samchai Steel Industries PCL'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 ฿-14 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.
Thank you for viewing the detailed overview of Samchai Steel Industries PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Samchai Steel Industries PCL (BKK:SAM) Business Description
Samchai Steel Industries PCL is engaged in manufacturing and selling of steel pipes and tubes. The products of the company are categorized as black steel pipe, galvanized steel pipes, structural steel pipes, furniture pipes, hot rolled steel plates and sheets. It offers steel pipes for the use in construction and furniture industries. Geographically, it operates in Thailand and overseas markets. The company generates majority of its revenue from Thailand.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BKK:SAM has been successfully added to your 