What is DSV AS Earnings Yield (Joel Greenblatt) %?
DSV AS's Enterprise Value for the quarter that ended in Mar. 2024 was kr271,381 Mil.
DSV AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was kr16,873 Mil. DSV AS's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was 6.22%.
The historical rank and industry rank for DSV AS's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
OCSE:DSV'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.21 Med: 4.94 Max: 10.48
Current: 6.69
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of DSV AS was 10.48%. The lowest was 2.21%. And the median was 4.94%.
OCSE:DSV's Earnings Yield (Joel Greenblatt) % is ranked worse than 51.75% of 1001
companies
in the Transportation industry
Industry Median: 6.97
vs OCSE:DSV: 6.69
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) %. DSV AS's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 24.94%. 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.
DSV AS Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for DSV AS'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.
Competitive Comparison of DSV AS's Earnings Yield (Joel Greenblatt) %
For the Integrated Freight & Logistics subindustry, DSV AS'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.
DSV AS's Earnings Yield (Joel Greenblatt) % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, DSV AS's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where DSV AS's Earnings Yield (Joel Greenblatt) % falls into.
DSV AS 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.
DSV ASs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2023 is calculated as
DSV AS'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 kr16,873 Mil.
DSV AS (OCSE:DSV) 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.
DSV AS Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of DSV AS's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
DSV is a Danish-listed transport and logistics company, offering transport services worldwide by road, air, sea, and train, with the bulk of its activities coming from its European trucking network and airfreight and sea freight forwarding businesses. Since its founding in 1976, the company has grown rapidly, mainly via acquisitions. The company has been active in the mergers and acquisitions segment, most recently acquiring peer GIL in 2021. This acquisition further diversifies its revenue base away from European road freight and adds scale in key regions such as the Middle East. It also moves DSV into third spot among the largest 3PL firms globally.
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