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Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUSI1) Earnings Yield (Joel Greenblatt) % : 2.07% (As of Dec. 2018)


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What is Union de Cervecerias Peruanas Backus & Johnston Earnings Yield (Joel Greenblatt) %?

Union de Cervecerias Peruanas Backus & Johnston's Enterprise Value for the quarter that ended in Dec. 2018 was S/.13,281 Mil. Union de Cervecerias Peruanas Backus & Johnston's EBIT for the trailing twelve months (TTM) ended in Dec. 2018 was S/.2,638 Mil. Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) for the quarter that ended in Dec. 2018 was 2.07%.

The historical rank and industry rank for Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:

LIM:BACKUSI1's Earnings Yield (Joel Greenblatt) % is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 5.31
* Ranked among companies with meaningful Earnings Yield (Joel Greenblatt) % only.

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) %. Union de Cervecerias Peruanas Backus & Johnston's Forward Rate of Return (Yacktman) % for the quarter that ended in Dec. 2018 was 15.95%. 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.


Union de Cervecerias Peruanas Backus & Johnston Earnings Yield (Joel Greenblatt) % Historical Data

The historical data trend for Union de Cervecerias Peruanas Backus & Johnston'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.

Union de Cervecerias Peruanas Backus & Johnston Earnings Yield (Joel Greenblatt) % Chart

Union de Cervecerias Peruanas Backus & Johnston Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.68 1.93 1.08 1.32 2.07

Union de Cervecerias Peruanas Backus & Johnston Semi-Annual Data
Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Earnings Yield (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.68 1.93 1.08 1.32 2.07

Competitive Comparison of Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) %

For the Beverages - Brewers subindustry, Union de Cervecerias Peruanas Backus & Johnston'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.


Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where Union de Cervecerias Peruanas Backus & Johnston's Earnings Yield (Joel Greenblatt) % falls into.



Union de Cervecerias Peruanas Backus & Johnston 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.

Union de Cervecerias Peruanas Backus & Johnstons Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2018 is calculated as

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=2637.804/13281.35115
=19.86 %

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.



Union de Cervecerias Peruanas Backus & Johnston  (LIM:BACKUSI1) 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.

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


Union de Cervecerias Peruanas Backus & Johnston Earnings Yield (Joel Greenblatt) % Related Terms

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


Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUSI1) Business Description

Traded in Other Exchanges
N/A
Address
Av. Nicolas Ayllon Number 3986, Ate, Lima, PER
Union de Cervecerias Peruanas Backus & Johnston SA produces, sells and distributes malt liquors and malt soft drinks and carbonated water. The company operates domestically. It provides products under the Crystal, Pilsen Callao, Cusquena, Backus Ice, Pilsen Trujillo, Arequipa, San Juan, Real Fiesta, Abraxas, Miller Genuine Draft, Peroni Nastro Azzurro, Grolsch, Saint Matthew, Guarana Backus, Maltin Power, Viva Backus, and Water Tonic Backus brands.

Union de Cervecerias Peruanas Backus & Johnston (LIM:BACKUSI1) Headlines

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