What is Systemair AB Earnings Yield (Joel Greenblatt) %?
Systemair AB's Enterprise Value for the quarter that ended in Jan. 2024 was kr16,675 Mil.
Systemair AB's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 was kr1,432 Mil. Systemair AB's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jan. 2024 was 8.58%.
The historical rank and industry rank for Systemair AB's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OSTO:SYSR'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.82 Med: 5.38 Max: 11.04
Current: 8.1
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Systemair AB was 11.04%. The lowest was 2.82%. And the median was 5.38%.
OSTO:SYSR's Earnings Yield (Joel Greenblatt) % is ranked better than 58.73% of 1701
companies
in the Construction industry
Industry Median: 6.45
vs OSTO:SYSR: 8.10
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) %. Systemair AB's Forward Rate of Return (Yacktman) % for the quarter that ended in Jan. 2024 was 24.92%. 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.
Systemair AB Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Systemair AB'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.
Systemair AB Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Systemair AB's Earnings Yield (Joel Greenblatt) %
For the Building Products & Equipment subindustry, Systemair AB'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.
Systemair AB's Earnings Yield (Joel Greenblatt) % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Systemair AB's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Systemair AB's Earnings Yield (Joel Greenblatt) % falls into.
Systemair AB 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.
Systemair ABs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Apr. 2023 is calculated as
Systemair AB's EBIT for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was kr1,432 Mil.
Systemair AB (OSTO:SYSR) 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.
Systemair AB Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Systemair AB's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Systemair AB is a building material company that develops, manufactures, and markets ventilation products. The company's products under its flagship Systemair brand include air conditioning units, air curtains, air distribution products, and energy efficient fans. The company also markets products under their Frico, VEAB Heat Tech AB, Fantech, and Menerga segments. Frico manufactures air curtain and heating products, while VEAB primarily develops heating products. The Fantech segment markets to the residential sector, in contrast to Systemair's commercial base. Menerga produces high-efficiency air-handling units for specialized buildings such as museums, airports, and swimming pool halls. Systemair generates the majority of its revenue from Western Europe.
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