What is Daido Metal Co Earnings Yield (Joel Greenblatt) %?
Daido Metal Co's Enterprise Value for the quarter that ended in Mar. 2024 was 円74,141 Mil.
Daido Metal Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was 円7,668 Mil. Daido Metal Co's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 10.34%.
The historical rank and industry rank for Daido Metal Co's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TSE:7245'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.02 Med: 8.92 Max: 15.73
Current: 12.73
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Daido Metal Co was 15.73%. The lowest was 1.02%. And the median was 8.92%.
TSE:7245's Earnings Yield (Joel Greenblatt) % is ranked better than 75.59% of 1315
companies
in the Vehicles & Parts industry
Industry Median: 6.15
vs TSE:7245: 12.73
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) %. Daido Metal Co's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 11.06%. 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.
Daido Metal Co Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Daido Metal Co'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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Daido Metal Co Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Daido Metal Co's Earnings Yield (Joel Greenblatt) %
For the Auto Parts subindustry, Daido Metal Co'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.
Daido Metal Co's Earnings Yield (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Daido Metal Co's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Daido Metal Co's Earnings Yield (Joel Greenblatt) % falls into.
Daido Metal Co 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.
Daido Metal Cos Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2024 is calculated as
Daido Metal Co'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 円7,668 Mil.
Daido Metal Co (TSE:7245) 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.
Daido Metal Co Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Daido Metal Co's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Daido Metal Co Ltd manufactures and sells a variety of bearings including automobile engine bearings and large ship engine bearings. The company has a production and sales network in the five-hub system of Japan, North America, Europe, Asia, and China. It manufactures bearings for trucks, construction and agricultural machinery, and bearings for automobile parts such as turbochargers and shock absorbers. Its products portfolio includes metal-polymer bearings, metallic bearings, engine bearing, turbomachinery bearing systems, modular products, pump, centralized lubrication, capacitors and semi-dry processing which are used in including automotive, marine, construction machinery, agricultural machines, industrial, energy, infrastructure and transportation, leisure, and household appliances.
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