BSP:MDIA3's Earnings Yield (Joel Greenblatt) % is ranked better than 78.73% of 1951
companies
in the Consumer Packaged Goods industry
Industry Median: 4.91
vs BSP:MDIA3: 10.92
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) %. M Dias Branco Industria e Comercio de Alimentos's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2023 was 9.35%. 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.
M Dias Branco Industria e Comercio de Alimentos Earnings Yield (Joel Greenblatt) % Historical Data
* 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.
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M Dias Branco Industria e Comercio de Alimentos Earnings Yield (Joel Greenblatt) % Chart
M Dias Branco Industria e Comercio de Alimentos Annual Data
Competitive Comparison of M Dias Branco Industria e Comercio de Alimentos's Earnings Yield (Joel Greenblatt) %
For the Packaged Foods subindustry, M Dias Branco Industria e Comercio de Alimentos'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.
M Dias Branco Industria e Comercio de Alimentos's Earnings Yield (Joel Greenblatt) % Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, M Dias Branco Industria e Comercio de Alimentos's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where M Dias Branco Industria e Comercio de Alimentos's Earnings Yield (Joel Greenblatt) % falls into.
M Dias Branco Industria e Comercio de Alimentos 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.
M Dias Branco Industria e Comercio de Alimentos'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 R$1,299 Mil.
M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) 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.
M Dias Branco Industria e Comercio de Alimentos Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of M Dias Branco Industria e Comercio de Alimentos's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) Business Description
M Dias Branco SA Industria e Comercio de Alimentos is a Brazilian company engaged in the industrialization, sale and distribution of food products derived from wheat, mainly cookies and crackers, pasta and wheat flour/bran and the manufacture, sale and distribution of vegetable shortenings and margarines, cakes, cake mixes, packaged toast and snacks. The Company's brands in the domestic market are Adria, Aldente, Basilar, Bonsabor, Estrela, Fortaleza, Finna, Fit Food, Frontera, Isabela, Jasmine, Pelagio, Pilar, Piraque, Predilleto, Richester, Salsito, Smart, Taste and Co, Treloso, Vitarella, and Zabet; and in the foreign market: Las Acacias.
M Dias Branco Industria e Comercio de Alimentos (BSP:MDIA3) Headlines
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