The historical rank and industry rank for Rashtriya Chemicals & Fertilizers's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
NSE:RCF'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.7 Med: 15.12 Max: 31.6
Current: 4.34
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Rashtriya Chemicals & Fertilizers was 31.60%. The lowest was 1.70%. And the median was 15.12%.
NSE:RCF's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.56% of 256
companies
in the Agriculture industry
Industry Median: 4.75
vs NSE:RCF: 4.34
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) %. Rashtriya Chemicals & Fertilizers's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 17.26%. 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.
* 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.
For the Agricultural Inputs subindustry, Rashtriya Chemicals & Fertilizers'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.
Rashtriya Chemicals & Fertilizers's Earnings Yield (Joel Greenblatt) % Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, Rashtriya Chemicals & Fertilizers's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Rashtriya Chemicals & Fertilizers'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.
Rashtriya Chemicals & Fertilizers'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 ₹4,848 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.
Thank you for viewing the detailed overview of Rashtriya Chemicals & Fertilizers's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rashtriya Chemicals & Fertilizers (NSE:RCF) Business Description
Rashtriya Chemicals & Fertilizers Ltd is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. It produces urea, complex fertilizers, bio-fertilizers, micro-nutrients, water-soluble fertilizers, soil conditioners, and a wide range of industrial chemicals and also manufactures basic chemicals. It is also engaged in the production of SSP and sale of imported fertilizer inputs such as DAP, MOP, and NPK fertilizers. the company products also include methanol, Gypsum, Chalk etc. The companies operate into two segments; Fertilizers and Industrial Products. It generates a majority of its revenue from Fertilizers. Geographically, it operates within India and outside India and generates a majority of its revenue from India.
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