What is Spar Group Earnings Yield (Joel Greenblatt) %?
Spar Group's Enterprise Value for the quarter that ended in Sep. 2023 was R47,509 Mil.
Spar Group's EBIT for the trailing twelve months (TTM) ended in Sep. 2023 was R2,378 Mil. Spar Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2023 was 5.01%.
The historical rank and industry rank for Spar Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
JSE:SPP'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.69 Med: 6.81 Max: 9.33
Current: 5.36
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Spar Group was 9.33%. The lowest was 4.69%. And the median was 6.81%.
JSE:SPP's Earnings Yield (Joel Greenblatt) % is ranked worse than 56.6% of 318
companies
in the Retail - Defensive industry
Industry Median: 6.14
vs JSE:SPP: 5.36
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) %. Spar Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Sep. 2023 was 12.85%. 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.
Spar Group Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Spar Group'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.
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Spar Group Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Spar Group's Earnings Yield (Joel Greenblatt) %
For the Food Distribution subindustry, Spar Group'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.
Spar Group's Earnings Yield (Joel Greenblatt) % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Spar Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Spar Group's Earnings Yield (Joel Greenblatt) % falls into.
Spar Group 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.
Spar Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Sep. 2023 is calculated as
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.
Spar Group (JSE:SPP) 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.
Spar Group Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Spar Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Spar Group Ltd is a wholesaler and distributor of goods and services to the group's retail outlets such as SPAR stores, Build it builders' merchandise outlets, TOPS at SPAR liquor stores, and others across Southern Africa. The company also has operations that comprise independently owned SPAR, MACE, XL and Londis stores in Ireland and southwest England. The company provides independent retailers the option to own or lease its stores and operate under the SPAR brand. The Southern Africa segment represents the majority of group revenue, with Ireland contributing an increasing proportion. The company delivers goods to the stores by a fleet of trucks and trailers owned by the SPAR Group. The group has two primary private brands namely SPAR and SaveMor.
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