What is Aviation Lease & Finance Co KSCC Earnings Yield (Joel Greenblatt) %?
Aviation Lease & Finance Co KSCC's Enterprise Value for the quarter that ended in Mar. 2024 was KWD575.47 Mil.
Aviation Lease & Finance Co KSCC's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was KWD29.70 Mil. Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 5.16%.
The historical rank and industry rank for Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
KUW:ALAFCO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -11.68 Med: 4.1 Max: 13.48
Current: 5.18
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Aviation Lease & Finance Co KSCC was 13.48%. The lowest was -11.68%. And the median was 4.10%.
KUW:ALAFCO's Earnings Yield (Joel Greenblatt) % is ranked worse than 53.75% of 1107
companies
in the Business Services industry
Industry Median: 5.65
vs KUW:ALAFCO: 5.18
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) %. Aviation Lease & Finance Co KSCC's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was -42.20%. 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.
Aviation Lease & Finance Co KSCC 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.
Competitive Comparison of Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) %
For the Rental & Leasing Services subindustry, Aviation Lease & Finance Co KSCC'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.
Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Aviation Lease & Finance Co KSCC'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.
Aviation Lease & Finance Co KSCC's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD29.70 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.
Aviation Lease & Finance Co KSCC Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Aviation Lease & Finance Co KSCC's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Business Description
Abdul Aziz Hamid Al Sagar Street, Second Floor, Chamber of Commerce & Industry Building Annexe, P.O. Box 2255, Al-Qibla, Safat, Kuwait City, KWT, 13023
Aviation Lease & Finance Co KSCC is engaged in the leasing of Aircraft. The company is engaged in the business of aircraft leasing and providing asset management, marketing, and consultancy services to aviation-related businesses in line with the Islamic Shariah principles. The company's offering includes Operating Lease, Sale and Leaseback, and Aircraft Lease Management. Its geographical segments include the Middle East, Asia, Europe, America, and Africa., out of which it generates maximum revenue from Middle East region.
Aviation Lease & Finance Co KSCC (KUW:ALAFCO) Headlines
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