What is Stovec Industries Earnings Yield (Joel Greenblatt) %?
Stovec Industries's Enterprise Value for the quarter that ended in Dec. 2023 was ₹4,888 Mil.
Stovec Industries's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was ₹87 Mil. Stovec Industries's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 2.35%.
The historical rank and industry rank for Stovec Industries's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
BOM:504959'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.09 Med: 6.54 Max: 28.72
Current: 1.53
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Stovec Industries was 28.72%. The lowest was 1.09%. And the median was 6.54%.
BOM:504959's Earnings Yield (Joel Greenblatt) % is ranked worse than 69.4% of 3036
companies
in the Industrial Products industry
Industry Median: 4.13
vs BOM:504959: 1.53
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) %. Stovec Industries's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was -11.53%. 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.
Stovec Industries Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Stovec Industries'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 Stovec Industries's Earnings Yield (Joel Greenblatt) %
For the Specialty Industrial Machinery subindustry, Stovec Industries'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.
Stovec Industries's Earnings Yield (Joel Greenblatt) % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Stovec Industries's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Stovec Industries'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.
Stovec Industriess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
Stovec Industries'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 ₹87 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.
Stovec Industries Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Stovec Industries's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stovec Industries (BOM:504959) Business Description
Stovec Industries Ltd is engaged in the production of Rotary Screens and Printing Machines and manufacturer of precision metal components. The firm operates in three verticals namely Textile Consumables and Textile Machinery, Graphics Product, and Galvanic. The textile consumables segment comprises perforated rotary screens, lacquer and auxiliary chemicals, rotary screen-printing machines, engraving equipment, components and spares, and digital ink. Graphics Products include anilox rollers, rotamesh screens, and rotaplate. The Galvanic segment consists of Galvano consumables. The Textile consumables segment is the most prominent segment for the firm contributing the majority of the total revenue primarily from India.
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