What is Sahamit Machinery PCL Earnings Yield (Joel Greenblatt) %?
Sahamit Machinery PCL's Enterprise Value for the quarter that ended in Dec. 2023 was ฿1,775 Mil.
Sahamit Machinery PCL's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ฿149 Mil. Sahamit Machinery PCL's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 8.38%.
The historical rank and industry rank for Sahamit Machinery PCL's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BKK:SMIT'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.11 Med: 11.47 Max: 17.84
Current: 8.11
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Sahamit Machinery PCL was 17.84%. The lowest was 8.11%. And the median was 11.47%.
BKK:SMIT's Earnings Yield (Joel Greenblatt) % is ranked better than 57.5% of 640
companies
in the Steel industry
Industry Median: 6.705
vs BKK:SMIT: 8.11
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) %. Sahamit Machinery PCL's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 6.69%. 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.
Sahamit Machinery PCL Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Sahamit Machinery 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, Sahamit Machinery 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.
Sahamit Machinery PCL's Earnings Yield (Joel Greenblatt) % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Sahamit Machinery PCL's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Sahamit Machinery 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.
Sahamit Machinery PCLs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Sahamit Machinery 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 ฿149 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.
Sahamit Machinery PCL Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Sahamit Machinery PCL's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sahamit Machinery PCL (BKK:SMIT) Business Description
Sahamit Machinery PCL is a thailand-based company engaged in the distribution of industrial machinery and equipment. It operates in five product groups: special steels, machine tools and tooling, pulp and paper, machinery and equipment for wood processing, and electrical engineering. The business segments of the group are; Steel and Heat treatment, Machine tools and Tooling and Others. Steel and Heat treatment include special tool steels, carbonitriding, Annealing, machinery, and carbon steels contribute majority revenue of the firm. Machine tools and tooling products include electrical discharge machine, milling cutters, and inserts for milling. It mainly operates in Thailand, and derives main revenue from the Steel and Heat treatment segment.
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