MAS (JSE:MSP) Earnings Yield (Joel Greenblatt) % : 0.00% (As of Dec. 2023)

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What is MAS Earnings Yield (Joel Greenblatt) %?

MAS's Enterprise Value for the quarter that ended in Dec. 2023 was R18,863 Mil. MAS's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R2,770 Mil. MAS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2023 was 0.00%.

The historical rank and industry rank for MAS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

JSE:MSP' s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -2.7 Med: 5.12 Max: 20.28
Current: 15.07

During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of MAS was 20.28%. The lowest was -2.70%. And the median was 5.12%.

JSE:MSP's Earnings Yield (Joel Greenblatt) % is ranked better than
85.84% of 1857 companies
in the Real Estate industry
Industry Median: 4.18 vs JSE:MSP: 15.07

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) %. MAS'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.

MAS Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for MAS'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.

MAS Earnings Yield (Joel Greenblatt) % Chart

MAS Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Earnings Yield (Joel Greenblatt) %

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7.32

-2.27

9.40

15.36

11.31

MAS Semi-Annual Data
	Feb13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Earnings Yield (Joel Greenblatt) %	Get a 7-Day Free Trial															-	15.36	-	11.31	-

Competitive Comparison of MAS's Earnings Yield (Joel Greenblatt) %

For the Real Estate - Diversified subindustry, MAS'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.

MAS's Earnings Yield (Joel Greenblatt) % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, MAS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where MAS's Earnings Yield (Joel Greenblatt) % falls into.

MAS 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.

MASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jun. 2023 is calculated as

Earnings Yield (Joel Greenblatt)	=	EBIT	/	Enterprise Value
	=	2456.158	/	21700.8434
	=	11.32 %

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.

MAS (JSE:MSP) 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

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.

MAS Earnings Yield (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of MAS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.

MAS (JSE:MSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MAS PLC (JSE:MSP) » Definitions » Earnings Yield (Joel Greenblatt) %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abate Rigord Street, Suite 11, Penthouse Level, Marina Business Centre, Ta’ Xbiex, MLT, VG1110

Website

https://www.masrei.com

MAS PLC is a commercial real estate development company that operates throughout mostly Western Europe, as well as Central and Eastern Europe. The company acquires, develops, and manages retail, office, industrial, and hotel properties. The group's investment property comprises income-generating property, development property, and land bank division. The group holds an interest in properties such as Whitbread hotels and Arches, Bruchsal, Nova Park, Stara Zagora, Chippenham, and others. The company geographically operates in Romania, Bulgaria, Poland, Germany and UK. It derives its majority Revenue from Romania.